Thursday, 30 November 2017

Infosys buyback opens today

Infosys’ Rs13,000cr buyback offer opens today and will end on December 14, 2017. The company in its offer letter dated November 20, 201, had announced a buyback of up to 11.3cr shares at price of Rs1,150 for the amount not exceeding Rs13,000cr. The Offer Size is 20.51% of total fully paid-up share capital. The record date for the determining the eligible shareholder was November 1, 2017.
 
As per the announcement, the entitlement ratio for the smaller shareholders  is 23 equity shares for every 81 fully paid-up equity shares. The same for general category is seven equity shares for every 163 fully paid-up equity shares.

http://tradenivesh.com/
At the current market price of Rs989, investors can book some gains by tendering shares in the offer and covering the same in open market as Infosys is trading at attractive valuations. This is because most of the negatives related to future strategy are believed to be largely factored in the stock price. With almost similar growth profile as Industry leader, Infosys is trading at ~20% discount to TCS and 6-8% discount to the industry. 

BUY HEXAWARE 330 CALL ABOVE 6.50 TG 7.20, 8.10, 9.00 SL 5.20,

BUY SHRIRAM TRANSPORT FINANCE 1320 CALL ABOVE 22 TG 25, 29, 34 SL 17,

 
FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Wednesday, 29 November 2017

Best Trading Equity Morning Calls@Advice

CASH:
BUY ADF FOODS ABOVE 316 TG 319, 323, 328 SL 312,

BUY NCC LTD ABOVE 271 TG 272.50, 274.50, 277 SL 268.45, 

FUTURE:
BUY NBCC FUTURE ABOVE 270 TG 270.75, 271.75, 273.25 SL 268.70,

BUY KAJARIA FUTURE ABOVE 743 TG 746, 750, 755 SL 738,

OPTION:
BUY SHRIRAM TRANSPORT FINANCE 1320 CALL ABOVE 26 TG 29, 32, 37 SL 21,

BUY BANK NIFTY 30TH NOV 26100 PUT ABOVE 230 TG 260, 310 SL 180, 

http://tradenivesh.com/

FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Tuesday, 28 November 2017

Bharat 22 ETF lists at Rs 36.30 on BSE

Bharat 22 ETF made a decent debut on the BSE, as the open-ended exchange traded fund got listed at Rs 36.30/unit on BSE, a 0.91% premium over its issue price of Rs 35.97 per unit.

The ETF has been included in the BSE B group of securities with a scrip code 540787.

The portion reserved for retail investors was subscribed 1.45 times; retirement funds 1.50 times and non-institutional investors (NIIs) and qualified institutional buyers (QIBs) 7 times.

http://tradenivesh.com/The government has raised Rs14,500cr through the open-ended exchange traded fund, comprising 22 stocks.

The PSUs that are part of the new Bharat ETF 22 includes ONGC, IOC, SBI, BPCL, Coal India and Nalco.

The other CPSEs on the list are Bharat Electronics, Engineers India, NBCC, NTPC, NHPC, SJVNL, GAIL, PGCIL and NLC India. Only three public sector banks are included - SBI,  Indian  Bank and Bank of Baroda. 
 
BUY PC JEWELLER LTD ABOVE 410 TG 413, 416, 420 SL 406,

BUY DISH TV ABOVE 86 TG 86.70, 87.50, 88.50 SL 85,

FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Monday, 27 November 2017

Renewable energy stocks gain; Inox Wind stock jumps 6%

Shares of renewable energy companies gained after the government announced the auction of up to 21 GW of solar and wind power projects by March 2018.
The government is looking at auctioning 17 GW of solar power capacities by March 2018 and 3-4 GW of wind power capacities.

The government has already auctioned 2 GW wind capacities so far in first and second rounds this year. It has also decided to put for bidding 10 GW wind capacities each in 2018-19 and 2019-20 to meet the target of 60 GW by 2022.

http://tradenivesh.com/Suzlon Energy Ltd is currently trading at Rs 14.85, up by Rs 0.7 or 4.95% from its previous closing of Rs 14.15 on the BSE. The scrip opened at Rs 14.2 and has touched a high and low of Rs 14.85 and Rs 14.15 respectively.
Inox Wind Ltd is currently trading at Rs 144.7, up by Rs 8.25 or 6.05% from its previous closing of Rs 136.45 on the BSE. The scrip opened at Rs 138.1 and has touched a high and low of Rs 147.2 
and Rs 138.1 respectively. 

                            STOCK CASH TIPS 
 
                      BUY DISH TV FUTURE ABOVE 84 TG 87, 91 SL 82,
 
FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Friday, 24 November 2017

Key Indian equity indices open in green

The key Indian equity indices on Friday were trading higher in the morning session.

The 30-scrip Sensitive Index (Sensex), was trading 76.76 points or 0.23 per cent higher soon after opening.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 18.45 points or 0.18 per cent higher at 10,367.20 points.

The Sensex of the BSE, which opened at 33,670 points, was trading at 33,664.84 points (at 9.17 a.m.), higher by 76.76 points or 0.23 per cent from Thursday's close at 33,588.08 points.

The Sensex touched a high of 33,689.86 points and a low of 33,639.98 points in the trade so far.  

 
BUY SYNDICATE BANK FUTURE ABOVE 94 TG 94.40, 95, 96 SL 93.40,
 
BUY V-GUARD FUTURE ABOVE 239 TG 239.75, 240.75, 242.25 SL 237.70,

FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Thursday, 23 November 2017

SEBI approves Bank of India’s capital raising plan of Rs 3,000 Cr

Bank of India, in its filing made on BSE, has informed regarding the approval from SEBI, vide its letter dated November 20, 2017, for raising capital of Rs 3,000 crores through qualified institutional placement (QIP).
The SEBI’s approval in this regard is subject to the receipt of approval of the approval from the Government of India. The bank is required to submit the government approval to the SEBI.

The SEBI has permitted the bank to achieve minimum public shareholding as required under rule 19A of the Securities Contract Regulation (Rules), 1957 pursuant to the QIP.

The QIP of Rs 3,000 crores to be raised by the bank shall be subject to the provisions stipulated in Chapter VII of SEBI (ICDR) Regulations, 2009.

The Capital Adequacy Ratio of the Bank as on September 30, 2017, stood at 12.2%. The Gross NPA (Non-Performing Assets) ratio is at 12.6% for H1FY18 vs 13.5% for HIFY17 with lowest levels of slippages in past three financial years.

The bank is focusing on improving the asset quality and containing the NPA levels, rebalancing advances portfolio and ensure long-term sustainable business growth.

The stock closed at a price of Rs 202.65, up by 0.57% or Rs 1.15 on November 22, 2017. 

http://tradenivesh.com/
  
BUY SRF FUTURE ABOVE 1804 TG 1810, 1818, 1828 SL 1794,

SELL BAJAJ FINANCE FUTURE BELOW 1774 TG 1768, 1760, 1750 SL 1784,
 
FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Wednesday, 22 November 2017

Markets open on a higher note on Wednesday

The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.
The Sensex of the BSE after opening at 33,569.07 points, touched a high of 33,601.73 points and a low of 33,535.06 points.

The Sensex is trading at 33,599.17 points up by 120.82 points or 0.36 per cent from its Tuesday's close at 33,478.35 points.

On the other hand, the broader 51-scrip Nifty at National Stock Exchange (NSE) opened at 10,350.80 points after closing at 10,326.90 points.

The Nifty is trading at 10,356.40 points in the morning.

http://tradenivesh.com/
                       EQUITY CASH TIPS

FOR MORE INFOMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Tuesday, 21 November 2017

Key Indian equity indices trade higher during early session


The key Indian equity market indices opened in the green on Tuesday following global cues.

The 30-scrip Sensitive Index (Sensex) was trading 116.34 points or 0.35 per cent higher during the early session.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 34.70 points or 0.34 per cent higher at 10,333.45 points.

The BSE Sensex, which opened at 33,438.28 points, was trading at 33,476.24 points in the early session, higher 116.34 points or 0.35 per cent from the previous day's close at 33,359.90 points.

The Sensex touched a high of 33,513.91 points and a low of 33,437.61 points in the trade so far.

 
BUY IBREAL FUTURE ABOVE 238 TG 238.75, 239.75, 241.25 SL 236.70,
 
BUY TATA POWER FUTURE ABOVE 94 TG 94.40, 95, 96 SL 93.40, 

FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Monday, 20 November 2017

Divis Laboratories rises 2% as Vizag unit get EIR from USFDA

Shares of Divis Laboratories rose 2.6 percent intraday Monday as its Visakhapatnam unit received EIR from USFDA.

The company has received an establishment inspection report (EIR) from United States Food & Drug Administration (USFDA) for its Unit-II at Visakhapatnam.
With this there is a closure of audit by FDA.

The company's Unit-II at Visakhapatnam was inspected by USFDA in September, 2017 wherein a Form-483 was issued with 6 observations.

The company has posted 7.62 percent decline in its net profit to Rs 206.78 crore for the second quarter ended September 30, 2017 against Rs 223.85 crore in the same period of previous fiscal.

The share price has increased by 59.5 percent in the last 3 months.

Divis Laboratories was quoting at Rs 1,029.75, up Rs 11.45, or 1.12 percent on the BSE. 

http://tradenivesh.com/

BUY DLF FUTURE ABOVE 227 TG 227.75, 228.75, 230.25 SL 225.70,

BUY ADANI ENTERPRISES ABOVE 160.50 TG 161.25, 162.25, 163.50 SL 159.20,

FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Friday, 17 November 2017

Bank Nifty achieves lifetime high after Moody’s rating upgrade

As the markets open on the last trading day of the week, the Nifty Bank surged as much as 2% achieving lifetime high of 25,902.50 after the Moody’s upgraded the sovereign credit rating of India.

Moody's Investors Service
(Moody's) upgraded the Government of India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. Moody's has also upgraded India's local currency senior unsecured rating to Baa2 from Baa3 and its short-term local currency rating to P-2 from P-3.

The price action occurred in both, PSU and Private Banking stocks in the market session. PSU Banking stocks like Punjab National Bank, Bank of Baroda and Canara Bank gained more than 3% in the initial hours of the market session. Private Banks like ICICI Bank, Yes Bank, and Axis Bank gained more than 2% accelerating Nifty Bank to new 52 week high.

Nifty Bank is trading at a level of 25,829 points, up by 1.5% or 383 points and Nifty PSU Bank is trading at a level of 4,134 points, up by 2.57% or 104 points.
 

http://tradenivesh.com/
 
 
FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Thursday, 16 November 2017

Sensex rises; Reliance up on drop in oil prices

Indian shares rose on Thursday, buoyed by gains in refiners such as Reliance Industries Ltd as oil prices dropped overnight after crude oil and gasoline stockpiles rose unexpectedly in the United States.

Inventories climbed 1.9 million barrels last week as crude oil production and refining output rose, the Energy Information Administration said. Analysts expected for a decrease of 2.2 million barrels, according to a Reuters poll.

On Thursday, oil markets were stable as rising U.S. stocks were countered by expectations that OPEC will extend an ongoing production cut during a meeting at the end of this month.

The broader NSE Nifty was up 0.45 percent at 10,163.15 as of 0505 GMT, while the benchmark BSE Sensex rose 0.52 percent to 32,931.44. Both the indexes were on track to snap three sessions of losses.

http://tradenivesh.com/ "This is more of a corrective rally after three days of losses," said Arun Kejriwal, Founder at Kejriwal Research.

Oil refiners gained as lower crude oil prices cut input costs. The Nifty energy index gained as much as 1.3 percent, with Reliance Industries Ltd rising 1.7 percent and Indian Oil Corp Ltd advancing 1.2 percent.

Financials also gained. The Nifty bank index rose 0.5 percent, led by Housing Development Finance Corp Ltd and ICICI Bank Ltd. HDFC rose 0.3 percent, while ICICI was 0.8 percent higher.

FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Wednesday, 15 November 2017

Best Equity Trading Morning Calls

                                     CASH
SELL BATA INDIA LTD BELOW 745 TG 740, 734, 726 SL 752,

BUY ICIL LTD ABOVE 118.50 TG 119.50, 121, 123 SL 117,

                           FUTURE
BUY FORTIS FUTURE ABOVE 140 TG 140.75, 141.75, 143.25 SL 138.70,

BUY CEAT FUTURE ABOVE 1770 TG 1776, 1784, 1794 SL 1760,

                         OPTION
BUY NIFTY 10300 PUT ABOVE 152 TG 162, 172, 192 SL 132,

BUY BANK NIFTY 16TH NOV 25500 PUT ABOVE 220 TG 250, 300 SL 170,

FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Tuesday, 14 November 2017

Top 10 stocks in focus today: Sun Pharma, Bharti Airtel, JP Associates, Khadim India

Khadim India to start trading on BSE/NSE with a base price of Rs 750 per share. The IPO was subscribed 1.9 times.

Bharti Airtel offered to sell 3.5 percent stake in Bharti Infratel at Rs 400-415.50 per share.

Sun Pharma subsidiary Taro gets USFDA nod for Fexofenadine Hydrochloride oral suspension.

JP Associates
said that the Supreme Court directed the non-institutional directors of infrastucture firm Jaiprakash Associate Ltd (JAL) to appear in person before it next week and furnish details of their personal assets.

Tata Teleservices
says total mobile subscribers down 7.3 percent to 6,467 lakh in Oct. from 69.8 lakh in Sept.

Muthoot Capital to issue 27.27 lakh shares at Rs 605 each via QIP.

IOL Chemicals and Pharma to invest Rs 200 crore for expanding manufacturing capacity.
http://tradenivesh.com/
Havells India signed a pact with South Korea’s Hyundai Electric for supply of low and medium voltage protection, and switching devices.

Lupin expects the US drug regulator’s action against the company to leave only an “immaterial dent” on its revenue, even though it would affect its plans to launch new drugs, as per media reports.
 
BUY JUST DIAL FUTURE ABOVE 545 TG 565, 595 SL 535,

FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Monday, 13 November 2017

Results to watch out @Adani Ports, NTPC, NMDC



The results that are expected today include Adani Ports, NTPC, Adani Ent, NMDC, Apollo Hospitals, Future Enterprises, Gillette India, GSPL, Max Financial, Reliance Nippon, Repco Home Finance, SpiceJet, Sunteck Realty, Tata Chemicals, Vakrangee.  

Here is the street expectation for the companies:

Adani Ports Q2 FY18 (YoY):
  • PAT likely to decrease 22% to Rs 835 Cr.
  • Revenue seen 16% higher at Rs 2,533 Cr.
NTPC Q2 FY18 (YoY):
  • PAT may decline by 1% to Rs 2,481.9 Cr.
  • Revenue may grow 4% to Rs 20,261 Cr.
FOR MORE INFOMSTION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Friday, 10 November 2017

Live Stock Market Updates - Nifty, Sensex trades flat; L&T gains by 3%

Nifty and Sensex trading flat, showing steady recovery from the morning losses as Reality and FMCG sector gain strong. Reality sector gains by 1.6%, driven by the surge in L&T Constructions(+3%), after it bags order worth Rs 4,023 Cr.


http://tradenivesh.com/
The S&P BSE Sensex is trading at 33,237, down by 13 points, while NSE Nifty is trading at 10,298 down by 10 points.
The BSE Mid-cap Index is trading up by 0.22% at 16,613 whereas BSE Small-cap Index is trading higher by 0.43% at 17,706.   

Some buying seen in Basic Materials, FMCG, Reality, and Capital goods sectors, while Energy, Healthcare, IT, Telecom, Auto, Oil&Gas, and Metal show weakness on the BSE.

The India Vix is down by 2.11% at 12.98.


Gainers % change Losers % change
1 LT 3.01 AUROPHARMA -2.72
2 ULTRACEMCO 2.32 ASIANPAINT -2.39
3 GAIL 2.19 TATAMOTORS -2.11
4 ITC 1.48 BPCL -1.63
5 YESBANK 1.41 HINDPETRO -1.61   

Thursday, 9 November 2017

Best Trading Commodity Today Calls

CASH:
SELL CADILA HEALTHCARE BELOW 475 TG 472, 469, 465 SL 479,

SELL INFIBEAM CORPORATION BELOW 176.50 TG 175, 173, 170 SL 178.50,

OPTION:
BUY HEXAWARE 340 CALL ABOVE 15 TG 16.50, 18, 20 SL 12.45,

BUY PETRONET LNG 270 CALL ABOVE 11 TG 11.70, 12.40, 13.30 SL 9.70,

FUTURE:
BUY JET AIRWAYS FUTURE ABOVE 640 TG 660, 690 SL 632,

BUY KAJARIA FUTURE ABOVE 721 TG 724, 727, 731 SL 716,

http://tradenivesh.com

FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Wednesday, 8 November 2017

Q2 Results Update@Bharat Forge, Ashok Leyland, Mahanagar Gas


http://tradenivesh.com/
The results that are expected today include Arvind Ltd, United Breweries, Ashok Leyland, Mahanagar Gas, Bharat Forge, Petronet LNG, Pidilite Ind, Rain industries, CESC, Chennai Petro, Balkrishna Ind, GSFC, Shree Cement, Voltas, OBC, Muthoot Fin, Future Consumer, Mas Financial, Petronet LNG, Pidilite Industries, Thermax, Va Tech Wabag, Voltas, Welspun India.
 
 

Here is the street expectation for the companies:

Bharat Forge Q2 FY18 (YoY):
  • PAT likely to increase 57% at Rs 200 Cr
  • Revenue may grow 40% at Rs 1,250 Cr.
  • EBITDA seen 45% higher at Rs 360 Cr.
Ashok Leyland Q2 FY18 (YoY):
  • PAT may grow 33% at Rs 385 Cr.
  • Revenue may rise 33% at Rs 6,180 Cr.
  • EBITDA seen 28% higher ar Rs 680 Cr.
Mahanagar Gas Q2 FY18 (YoY):
  • PAT may increase 5% higher at Rs 130 Cr.
  • Revenue likely to increase 6% at Rs 561 Cr.
  • EBITDA may rise 4% at Rs 211 Cr.
Petronet LNG Q2 FY18 (YoY):
  • Profit seen 6% higher at Rs 465 Cr.
  • Revenue may rise 7% at Rs 6,906 Cr.
  • EBITDA Margin may grow 3% at Rs 765 Cr.
Shree Cement Q2 FY18 (YoY):
  • Profit may decrease by 4.8% at Rs 277.5 Cr.
  • Revenue seen 7% higher at Rs 2,154.5 Cr.
  • EBITDA may fall 26% to Rs 487.8 Cr.     
FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Tuesday, 7 November 2017

Q2 Results Update@ BHEL, Cipla, IOB


http://tradenivesh.com/


The results that are expected today include BHEL, Cipla, IOB, Jindal Saw, Balrampur Chini, Manappuram Finance, Jyothy Labs, Finolex Cables, Tata Coffee, VIP Industries, Alembic Pharma, Castrol, Dalmia Bharat, Future Retail, Himatsingka, L&T Tech, Liberty Shoes, and Prestige.

Here are the street expectations for Cipla Q2 FY18 (YoY):
  • PAT may increase by 13% at Rs 422 Cr.
  • Revenue may grow 7% at Rs 4,015 Cr.
  • EBITDA seen 11% higher at Rs 756 Cr.
  • EBITDA Margin seen at 18.8% vs 18.1%.
 
Bharat Heavy Electricals Ltd is currently trading at Rs 97.9, down by Rs 1 or 1.01% from its previous closing of Rs 98.9 on the BSE. The scrip opened at Rs 99.5 and has touched a high and low of Rs 100.7 and Rs 97.05 respectively.

Cipla Ltd
is currently trading at Rs 654, down by Rs 1.4 or 0.21% from its previous closing of Rs 655.4 on the BSE. The scrip opened at Rs 663 and has touched a high and low of Rs 663 and Rs 643.6 respectively.

Tata Coffee Ltd is currently trading at Rs 159.95, up by Rs 0.3 or 0.19% from its previous closing of Rs 159.65 on the BSE. The scrip opened at Rs 160.9 and has touched a high and low of Rs 162.9 and Rs 158.3 respectively. 
 
FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

Monday, 6 November 2017

Q2 RESULTS UPDATE@TITAN, VRL Logistics

The spurt in the stock price is on account of strong quarterly results posted by the company on November 3, 2017. The stock is trading at a price of Rs 765.25, up by 16% or Rs 107 on NSE, at 9.33 am after achieving a lifetime high of Rs 824.65 in the opening trades.

Revenue for the quarter came in 12.4 % higher than the estimated figure of Rs 3,090 crores. EBITDA for the quarter came in 25.8 % higher than the estimated figure of Rs 317 crores. Net profit for the quarter came in 28 % higher than the estimated figure of Rs 217.1 crores.


Shares of VRL Logistics gained on account of robust Q2 earnings as well as the companys plans to buyback shares.. The price for buyback of 9 lakh shares or 7.65% stake has been approved at 22% premium to Friday’s closing price. This may add to the appreciation.

The company is set to buyback share at Rs 460 each.

On Friday, this Karnataka based company posted 55.8% YoY rise in the net profit to Rs 21.6 Cr in Q2. Revenue from operations increased to Rs 450 Cr, up by 0.4%, whereas the total expenditure rested at Rs 420 Cr, as compared to Rs 430 Cr the previous year.



Saturday, 4 November 2017

Important results to watch out for next week

Coming week would continue to be a busy one as results would continue to pour in throughout the week. Heavyweights like Cipla, Ashok Leyland, Tata Motors, BPCL, SBI, HPCL, BHEL and REC are scheduled to release their quarterly earnings. Apart from this, October export & Import data and Industrial Production for the month of September will also be announced. 

Results table for coming week

Date
06 Nov 2017AstraZeneca, Centruy Text, GIPCO, Greenlam, Gujarat Gas HUDCO, KEC Intl, L&T Infote, Narayan Hrud, Parag Milk, Piramal Ent, Rural Electri, Thomas Cook, Torrent Power
07 Nov 2017Alembic Pharma, Bayer Corp, BHEL, Cipla, Dalmia Bharat, Essel Propack, Future Retail, Glaxo Consu, Healthcare Glob, Himatsingka, Jyotht Lab, L&T Tech, Liberty Shoes, Manappuram Fin, NLC India, OCL India, Prism Cement, Teamlease, VIP Inda
08 Nov 2017Ashok Leyland, Balkrishna Ind Bharat Forge, Chennai Petro, City Union Bank, CESC, Hinduja Global, Indian Energy, Ingersoll, IRB Infrastruc, JK Lakshmi, Mahanagar gas, Meghmani Org Muthoot Fin, Navneet Education, NDTV, Petronet LNG, Pidilite, Shree Cements, Thermax, United Brew, Vardhman Text, Voltas
09 Nov 201763 moons, Amara Raja Batt, Aurobindo, Bajaj Electri, CG Pow, Capacite, Coffee Day, Dr LalPath, Gateway Distrip, GNFC, Granules, HPCL, Heritage Foods, India Cement, Jagran Praka, Magma Fincorp, NHPC, Page, PTC India, SAIL, SRF, Tata Motors, TV Today, Trent
10 Nov 2017Aarti Inds, Alkem, Ashoka Buil BPCL, Deccan Cement, Deepak Nitrate, Dredging Corp, Jai Corp, Kesoram, MMTC, MRF Mah & Mah, Motherson Sumi, Muthoot Cap, Nestle, Oil India, Pfizer, Quick Heal, SBI, Sobha, TVS Elect, Techno Elect, Timken

Friday, 3 November 2017

Hathway Cable locks in 20% Upper Limit Circuit post Q2 PAT

The stocks of Hathway Cable soared on Friday only to be locked in 20% Upper Circuit. The shares touched their 3-month high of Rs 38.15, after the company posted a net profit of Rs 14 Cr in Jul-Sep Quarter as against a loss of Rs 40.4 Cr a year ago.

Total expenditure during the quarter was at Rs 120 Cr, compared with Rs 370 Cr a year ago.

Operating margin of the company expanded to 40.15% in Q2 from 16.61% in the corresponding period last year. The stock rose for the third straight session today and has gained around 25% during the mentioned period.

Hathway Cable & Datacom Ltd is currently trading at Rs 38.25, up by Rs 6.35 or 19.91% from its previous closing of Rs 31.9 on the BSE.
The scrip opened at Rs 38.2 and has touched a high and low of Rs 38.25 and Rs 36.5 respectively.

Thursday, 2 November 2017

Live Stock Market Updates@Results today


Opening Bell: Gainers: Auro Pharma, Sun Pharma (2%), TCS, Power Grid (1%).  Losers: TechM, Tata Motors (-2%), NTPC, Axis Bank (-1%).
  • Solar Ind shares up 2% on Rs 11.4 bn contract.
  • GOCL Corp shares up 5% as arm gets RS 3.2 bn order.
  • Hexaware shares up 3% as Jul-Sep consol PAT beats estimate.
  • Au Small Finance shares up 4% on partnership with Cholamandalam.
  • NTPC shares down 1.3% due to a blast in Rae Bareli boiler.
  • Hero Moto shares down 1% due to below estimates quarterly results.
  • Dredging Corp shares up 11% as cabinet approvfes governments exit from company.
  • Divi's Lab shares up 15% as USFDA lifts import ban on Vizag Unit-2.
  • Bharti Airtel to transfer optical fibre business to Telesonic Networks for an overall consideration of not more than Rs 5,650 crore.
  • NBCC bagged reconstruction order worth Rs 400 crore.
  • Tata Teleservices says NTT Docomo tendered its entire stake of 21.63 percent to Tata Sons.
  • Asian Granito entered into a joint venture with Paramshree Granito Pvt Ltd for setting up a green field facility for Quartz stone.
  • TVS Motor’s October sales rose 3 percent year-on-year.
  • Shree Cements won a coal linkage auction for Chhattisgarh captive plant.
  • JP Associates said RBI approved bond exchange plan and bondholders agreed to further extend the deadline to November 30.
Results Today – Vedanta, Power Grid, Berger Paints, Glenmark Pharma, HCC, Natco Pharma, Shriram City Union Finance, Ujjivan Fin, Akzo Nobel India, Andhra Bank, Deepak Fertilizers, Orient Cement, Sundram Fasteners, Ramco Cements, TCI.

NIFTY TRADING TIPS

Wednesday, 1 November 2017

JSW steel & Divi's Labs up due to Q2 results!!

JSW Steel surges by over 2%, riding on the bull trend in the market. India’s largest steelmaker announced its Q2 results a day before, wherein the net profit was reported to be Rs 836 Cr, up by 29% over the last year.

Apart from the strong profits, the company reported highest quarterly sale of steel. Sales were up to 3.96 million tonnes, and this brought in a spike in revenue by 17%, over the last year. EBITDA of the company stood at Rs 3,036 Cr, which had increased by 4% as compared to the last year.


Divi’s Laboratories was up 5.5% at around 10 AM today. In its Q2 results released yesterday, the Company reported a Net Revenue of Rs 923.79 crores, EBITDA of Rs 310.79 crores and Net Profit of Rs 206.78 crores.

The Company has seen a drop in its net revenue from operations from Rs 994.18 crores in corresponding quarter of previous year (net of excise duty) to Rs 887.52 crores in the reported quarter by 11% and a slip in the net profit from Rs 223.85 crores in corresponding quarter of previous year to Rs 206.78 crores in the reported quarter by 8%.


GET DAILY RESULTS UPDATES




 
 
Blogger Templates