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Be selective while picking midcaps: Over 20 stocks on buy list of brokerages

Indian market rallied over 14 percent in April which many would have thought was the resumption of a bull market rally. But given the fact that we are just 2 months in the bear market, these swift rallies can be categorized as bear market rallies.The Nifty50 is still down over 20 percent from January high, and with many states across India under lockdown, economic activity is virtually shut and that is likely to imp...

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HCL Technologies share price rises 4% on March quarter numbers

HCL Technologies rose more than 4 percent intraday on May 7 after posting firm numbers for the quarter ended March 2020.The company reported a 3.8 percent QoQ jump in its profit at Rs 3,154 crore versus profit of Rs 3,037 crore, CNBC-TV18 reported.Rupee revenue from operations for the quarter rose 2.5 percent at Rs 18,590 crore compared to Rs 18,135 crore in the previous quarter.The earnings before interest and tax...

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HUL share price falls 2% as GSK sells around 5% stake; brokerages optimistic

Share price of FMCG major Hindustan Unilever fell over 2 percent in morning trade on May 7 after British drugmaker GlaxoSmithKline Pte and Horlicks Limited sold 5.69 percent stake in the company via block deals.GSK sold the stake on May 7, 2020, and the expected settlement date for the transaction is May 11. The deal will be valued roughly between Rs 247.5 million and Rs 260.9 million ($3.2-3.4 billion), according t...

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Jefferies initiates coverage on 5 realty stocks, Godrej Properties top pick

The BSE Realty index has gained just 0.9 percent from its March lows though the benchmark Sensex gained 20 percent during the period. Even if one was to calculate returns from its January high, the index is still down 47 percent in more than three months.The demonetisation, GST, and RERA increasingly made real estate norms stricter, resulting in a dramatic drop in cash transactions. Also, the demand for real estate...

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Pharma index up 45% from March lows; CLSA says earnings momentum to continue, raises targets

Pharma stocks have been on buyers' radar with governments across the world focusing on healthcare following the coronavirus outbreak that has killed more than 263,000 people and infected more than 3.7 million globally.In the last few days, India has seen a spike in infections with confirmed cases inching close to 53,000. The death toll is at 1,783.There is no cure for COVID-19, the respiratory illness caused by the...

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