#OnCNBCTV18 | Trade deficit does indicate that underlying demand is strong. Expect Rupee to be in the range of 79-80 against US Dollar, says Parul Mittal Sinha of Standard Chartered Bank pic.twitter.com/Mog7aNYLMZ
— CNBC-TV18 (@CNBCTV18Live) August 4, 2022
L&T Infotech partners with Saviynt for identity solutions to enterprises worldwide
Market update at 11 AM: Sensex is up 117.43 points or 0.20% at 58467.96, and the Nifty added 37.80 points or 0.22% at 17426.
Nifty Pharma index gained 1 percent led by the Laurus Lab, Cipla, Lupin
Elara Capital View on Prism Johnson:
The recent softening of fuel prices should ease cost pressure on the cement division. Further, growth capex in tiles and closure of loss making tiles unit should support TBK division’s performance.
We expect a sustainable performance by the TBK and RMC divisions, led by improving product mix, rising utilization and a strengthening distribution network.
We raise earnings estimates ~2% for FY23 and lower it by ~3% for FY24. We reiterate Buy with a Target Price of Rs 147 based on a SOTP valuation, valuing the cement business on 9x FY24E EV/EBITDA and other businesses at 12x FY24E EV/EBITDA.
BSE Realty index shed 1 percent dragged by the Macrotech Developers, DLF, Phoenix Mills
Gold Prices Today: Yellow metal to trade lower ahead of UK interest rate decision
“Today’s trend in precious metals may remain down ahead of Britain’s monetary policy. Gold has resistance at Rs 51750 while support at Rs 51200. Silver has resistance at Rs 58000 and support at Rs…
Macrotech Developers share price falls 8 percent intraday on August 4.
Prabhudas Lilladher on Siemens:
We remain positive on Siemens from a long-term perspective given its 1) strong and diversified presence across industries, 2) focus on digitization and automation products, 3) product localization, 4) healthy balance sheet and 5) high cash flow.
With strong order book and enquiry pipeline, we expect company to report revenue/PAT CAGR of 15.5%/23.2% between SY21-SY24E.
We roll forward our Target Price to SY24E EPS and revise it to Rs 2,815 (Rs 2,602 earlier) valuing it at 52x SY24E EPS. Maintain ‘Accumulate’ rating.
Nomura View On Vodafone Idea:
Research firm Nomura has kept reduce rating on Vodafone Idea with a target at Rs 8 per share.
The Q1 was below on higher opex, while fund raising is critical. The Revenue/ARPU inch up on tariff hike flow through.
However, usage metrics continue to lag peers, reported CNBC-TV18.
BSE Smallcap Index added 1 percent supported by the Subex, Take Solutions, Borosil
