Thursday, 31 May 2018

HDFC stock gains 3%

On Wednesday, the SEBI has decided to open the window for institutional trading series (6 lakh series) just for a day on June 1, 2018. Shares of HDFC Bank Ltd is currently trading at Rs2,087 up by Rs40.15 or 1.96% from its previous closing of Rs2,046.85 on the BSE and ahead of the FII buying window being opened on June 1. The stock is the top Nifty gainer today.


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टेलीकॉम कंपनियों को बड़ी राहत

दूरसंचार विभाग ने विलय और अधिग्रहण की नई गाइडलाइंस को नोटिफाई कर दिया है। आज से लागू हो रही नई गाइडलाइंस का सबसे ज्यादा फायदा वोडाफोन-आइडिया को होगा जिन्हें मर्जर के लिए अतिरिक्त स्पेक्ट्रम वापस नहीं करना होगा। दोनों कपनियों के पास 7 सर्किल में अतिरिक्त स्पेक्ट्रम हैं। नई गाइडलाइंस के मुताबिक मर्जर के बाद 1 सर्किल में 50 फीसदी स्पेक्ट्रम का अधिकार होगा, जबकि अधिग्रहण के बाद 35 फीसदी स्पेक्ट्रम रखने का अधिकार होगा। वहीं विलय और अधिग्रहण की नई गाइडलाइंस से रिलायंस जियो और रिलायंस कम्युनिकेशंस की डील की भी राह आसान होगी। रिलायंस जियो भी रिलायंस कम्युनिकेशंस का स्पेक्ट्रम खरीद सकता है।


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Orient Cement calls off deal with Jaypee Group; stock gains 15%

The stock rallied 15% to Rs 140 on the BSE in intra-day trade on back of heavy volumes. Orient Cement has moved higher by 15% to Rs 140 on the BSE in intra-day trade, after the company announced the termination of an agreement with Jaypee Group companies to acquire Nigrie cement grinding unit and Bhilai Jaypee Cements due to its inability to complete the deal within the stipulated timeframe.


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Atlanta hits 20% lower circuit after Price Waterhouse resigns as auditor

The company refused to share details of an ongoing income tax investigation and the resignation of an independent director. Atlanta is currently trading at Rs51.10 down by Rs12.75 or 19.97% from its previous closing of Rs63.85 on the BSE after Price Waterhouse Chartered Accountants LLP, a network firm of PwC India, quit as its statutory auditor.


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HDFC Bank, M&M from S&P BSE Sensex hit new high

HDFC Bank hit a new high of Rs 2,127, up 4% on the BSE in early morning trade, surpassed its previous high of Rs 2,065 recorded on May 15, 2018 in intra-day trade. Three companies – HDFC Bank, Kotak Mahindra Bank and Mahindra & Mahindra (M&M) – from the S&P BSE Sensex hit their respective new highs, on the BSE in intra-day trade on Thursday in otherwise range-bound market.


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Wednesday, 30 May 2018

Hotel Leela reports loss of Rs 15.8 cr in Q4; one-time loss of Rs 32.9 cr

Revenue from operations during the quarter grew by 5.1 percent to Rs 206.4 crore compared to Rs 196.4 crore in corresponding period last fiscal. Hotel Leela Venture reported net loss at Rs 15.8 crore for March quarter due to one-time loss of Rs 32.9 crore.


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Graphite India nears new high in weak market;stock up 22% post Q4 results

The stock was trading 3% higher at Rs 891, extending its 6% gain in past three days on the BSE in otherwise weak market, inching towards its all-time high price of Rs 908 touched on January 4, 2018. Shares of Graphite India were trading 3% higher at Rs 891 per share, extending their 6% gain in the past three days on the BSE in otherwise weak market, inching towards its all-time high price. Shares of graphite electrode makers was less than 2% away from its all-time high of Rs 908 touched on January 4, 2018 on the BSE in intra-day trade.


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Infosys completes acquisition of Wongdoody

Infosys announced that it has completed the acquisition of Wongdoody, a US-based, full-service creative and consumer insights agency. The acquisition is in accordance with the terms set out in the agreement announced by the company on April 13, 2018. Through this acquisition, Infosys enhances its digital experience services ecosystem with services ranging from strategy, design and user experience, to creative and digital marketing across the customer experience value chain.


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Glenmark Pharma hits 52-week low on subdued Q4 results

The stock hit a fresh 52-week low of Rs 484, slipped 9% on the BSE in early morning trade, after the company reported 17% decline in its consolidated net profit at Rs 1.52 billion in March quarter. Shares of Glenmark Pharmaceuticals hit a fresh 52-week low of Rs 484 per share, slipping 9% on the BSE in early morning trade, after the company reported a decline of 17% in its consolidated net profit at Rs 1.52 billion for the quarter ended March 2018 (Q4FY18), on account of de-growth in US business. The drug company had profit of Rs 1.84 billion in the same quarter last fiscal.


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Coal India rises 4% post Q4 show; brokerages upbeat on better price hike realisations

The company reported a fall of over 52 percent in the net profit for March quarter at Rs 1,295 crore. A steep increase in its gratuity payout/employee benefit expenses at Rs 16,654 crore dragged its results. Coal India’s shares gained over 3.5 percent in the morning trade on Wednesday. Investors reacted to the results for March quarter posted by the firm, which included a one-time gratuity payout.


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Tuesday, 29 May 2018

D-Mart, Varun Beverages, Radico Khaitan, Edelweiss Financial hit new highs

Biocon, Hexaware Technologies, Kotak Mahindra Bank and MM Forgings were among 13 stocks from the S&P BSE 500 and Smallcap index hitting new high on the BSE in otherwise range-bound market. Shares of Avenue Supermarts that runs the D-Mart retail stores, Radico Khaitan, Varun Beverages, Edelweiss Financial Services, Biocon, Hexaware Technologies, Kotak Mahindra Bank and MM Forgings were among 13 stocks from the S&P BSE 500 and Smallcap index that hit new high on the BSE in otherwise range-bound market.


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Vista Pharmaceuticals hits 10% upper circuit

Shares of Vista Pharmaceuticals hit 10% upper circuit after the company signed a non-disclosure agreement (NDA) to acquire a complex ANDA for UROCARE. The US market size for this BRAND is $1.3 billion (Rs8,840cr) as per the latest IMS data. This ANDA will be manufactured at another USFDA approved contract manufacturing facility (CMO) for 2 years, the company said in the filing. The company already filed a complex ANDA in September 2017, targeting Cardiology segment with a market size of $200 million (Rs1,360cr) as per latest IMS data. This product has a limited competition in the market, and hence, the company is expecting good revenues and profits from this product, it added. The stock is currently trading at Rs36.90 up by Rs3.35 or 9.99% from its previous closing of Rs33.55 on the BSE. The scrip opened at Rs33.40 and has touched a high and low of Rs36.90 and Rs33 respectively.



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Caplin Point falls 11% on disappointing Q4 results

Shares of Caplin Point Laboratories have fallen 11% to Rs 532 per share on the BSE in intra-day trade after the company’s ebitda (earnings before interest, taxation, depreciation and amortization) margin in March quarter (Q4FY18) declined 400bps to 35% from 39% in previous year quarter.


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Larsen & Toubro extends gains on strong Q4 operational performance

Shares of Larsen & Toubro (L&T) were trading 3% higher at Rs 1,421 per share on the BSE in early morning trade, extending their 5% gain in the past one week, after the company reported better than expected operational performance in March 2018 (Q4FY18). The stock was 4% away from its all-time high of Rs 1,470 touched on February 1, 2018 on the BSE in intra-day trade.



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Royal Orchid Hotels’ standalone adjusted net profit for Q4FY18 came in at 1.44cr vs. 0.15cr in Q4FY17

Royal Orchid Hotels reported its quarterly numbers on May 28, 2018. The standalone revenue for the quarter came in at Rs26.27cr, up by 7.8% yoy. This is on account of rise in occupancy levels, rise in ARR and new management contracts entered during the quarter. The EBITDA increased by 7% yoy, in-line with the revenue, to Rs4.36cr in Q4FY18. The EBITDA margin declined marginally by ~12bps to 16.6% in Q4FY18. The adjusted net profit after tax for Q4FY18 came in at Rs1.44cr as against Rs0.15cr in Q4FY17. 


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Monday, 28 May 2018

Just Dial surges 18% on heavy volumes

Just Dial Ltd is currently trading at Rs597.10 up by Rs89.7 or 17.68% from its previous closing of Rs507.40 on the BSE. The company experienced a spurt in volumes by more than 4.32 times. On May 22, the company reported a 36.2% qoq rise in its standalone net profit to Rs 39cr for Q4FY18. Its standalone revenue in the period stood at Rs200cr, up 1.9% qoq and 10.3% yoy. The scrip opened at Rs507.40 and has touched a high and low of Rs625 and Rs502.60 respectively.


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Sun Pharma stock soars 7% after announcing Q4 numbers

The company's PAT grew by 15.5% yoy to Rs1,552.3cr in Q4FY18. Sun Pharmaceuticals Industries Ltd is currently trading at Rs500.10 up by Rs33.55 or 7.19% from its previous closing of Rs466.55 on the BSE. The company’s PAT grew by 15.5% yoy to Rs1,552.3cr in Q4FY18. EBITDA grew by 8.8% yoy to Rs1,683.5cr in Q4FY18. EBITDA margins were at 24.1% in Q4FY18 vs. 21.8% in Q3FY18 and 21.7% in Q4FY17.


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Airlines, tyre, OMC stocks gain as global oil prices ease

Shares of airlines, tyre and oil marketing companies (OMCs) have rallied by up to 15% on the BSE in intra-day trade after the global oil prices fell on Monday, extending a steep decline in Friday, on expectations major producers may ease output curbs. SpiceJet, Jet Airways (India) and InterGlobe Aviation, the company that operates IndiGo, from the airlines were up in the range of 3% to 15% on the BSE. Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOCL) from the OMCs were up 5% each. Most of these stocks have touched their respective 52-week lows on the BSE during last week.


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Manpasand Beverages hits 20% lower circuit after auditor Deloitte's exit

The company announced that due to the sudden exit of its auditors, the board meeting scheduled on May 30, 2018 has been cancelled. Manpasand Beverages stock is currently trading at Rs344.80 down by Rs86.2 or 20% from its previous closing of Rs431 on the BSE. The statutory auditors for Manpasand Beverages announced to the stock exchanges that Deloitte Haskins & Sells, Chartered Accountants, Vadodara, have resigned as Statutory Auditors of the company w.e.f. May 26, 2018. Mehra Goel & Co., Chartered Accountants, New Delhi, have been appointed as statutory auditors in Deloitte’s place w.e.f. May 27, 2018.


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Tech Mahindra falls 5% on profit booking post Q4 results

Shares of Tech Mahindra have dipped 5% to Rs 668 per share on the BSE in early morning trade on profit booking after the company reported a better than expected 29.6% quarter-on-quarter growth in its consolidated net profit at Rs 12.22 billion in March 2018 quarter (Q4FY18). The S&P BSE Sensex was trading 0.61% or 214 points higher at 35,139 points at 10:42 am.


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Friday, 25 May 2018

MCX clarifies on merger talks with NSE

In this equity future premium we provide calls in Stock Future segment for traders to get best recommendation in a single call. In Stock Cash Premium Services we provide accurate and sure shot calls and recommendation in stock cash market with more profit and less risk.


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Avenue Supermarts extends gain as founder RK Damani completes 1% stake sale

The stock was up 5% to Rs 1,476, extending its Thursday's 3.3% gain on the BSE. Shares of Avenue Supermarts that runs the D-Mart retail stores was trading higher by 5% at Rs 1,476, extending its Thursday’s 3.3% gain on the BSE, after the founder Radhakishan Damani completed sale of 6.24 million shares, or 1%, of total equity of the company for achieving minimum public share holding.


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United Breweries soars 5% after strong Q4FY18 result

United Breweries was up nearly 5% in morning trade after the company posted a standalone adjusted net profit of Rs90.9cr for Q4FY18. The company's standalone revenue in the period stood at Rs1,469.3cr, up 32.0% yoy and 22.7% qoq. United Breweries (UBL) reported that net revenue in the quarter jumped 32% to Rs1,469.3cr, 9% ahead of estimates. Gross margin for the quarter expanded by 151bps yoy to 52.8%. EBITDA jumped 105.9% yoy to Rs208.2cr, 16% above estimates.


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National Peroxide hits record high on robust Q4 results, Rs 65 dividend

The stock hit a record high of Rs 3,140, up 13% on the BSE after the company reported a more than seven-fold jumped in its standalone net profit at Rs 373 million in March quarter. Shares of National Peroxide hit a record high of Rs 3,140, up 13% on the BSE in intra-day trade after the company reported a more than seven-fold jumped in its standalone net profit at Rs 373 million for the fourth quarter ended March 2018 (Q4FY18). The company engaged in manufacturing of hydrogen peroxide had profit of Rs 51.7 million in the same quarter last fiscal.


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Pidilite Industries gains 5% as Q4 earnings beat estimates

The stock hit a new high of Rs 1,137, up 5% on the BSE, after the company reported a better than expected 57% year on year growth in consolidated net profit at Rs 2.48 billion in March quarter . Pidilite Industries hit a new high of Rs 1,137, up 5% on the BSE, after the company reported a better than expected 57% year on year growth in consolidated net profit at Rs 2.48 billion in March quarter (Q4FY18) on double digit volume growth. It had profit of Rs 1.57 billion in a year ago quarter.


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Thursday, 24 May 2018

Jet Airways hits fresh 52-week low on net loss of Rs 10-billion in Q4

Shares of Jet Airways have slipped by 8% to Rs 386 per share, their fresh 52-week low on the BSE in early morning trade, after the airline company reported a standalone net loss of Rs 10.36 billion in March quarter (Q4FY18), due to higher fuel cost. It had posted a net profit of Rs 6.02 billion in the same quarter last fiscal.


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Tata Motors को 50% की कमी के साथ 2176 करोड़ रु का प्रॉफिट, 18% बढ़ी इनकम

2018 में समाप्त क्वार्टर के दौरान टाटा मोटर्स का कंसॉलिडेटेड नेट प्रॉफिट लगभग 50 फीसदी घटकर 2176 करोड़ रुपए रह गया, जबकि बीते साल समान क्वार्टर के दौरान कंपनी को 4,336 करोड़ रुपए का प्रॉफिट हुआ था। कंपनी ने स्टॉक एक्सचेंजेस को दी फाइलिंग में यह जानकारी दी। 18 फीसदी बढ़ी कंसॉलिडेटेड इनकम वहीं इस अवधि के दौरान कंपनी की ऑपरेशन से कंसॉलिडेटेड इनकम 18.2 फीसदी बढ़कर 91,279.1 करोड़ रुपए हो गई, जबकि मार्च, 2017 में समाप्त क्वार्टर के दौरान यह आंकड़ा लगभग 78,746 करोड़ रुपए रहा था। हालांकि इन दोनों आंकड़ों की तुलना नहीं करनी चाहिए, क्योंकि बीते साल 1 जुलाई से जीएसटी लागू हो गया था और मार्च क्वार्टर के रेवेन्यू में इसे शामिल किया गया है।


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Welspun Enterprises up for 11th straight trading day post Q4 results

The stock hit a new high of Rs 202, rallied 32% from Rs 153 on May 9, 2018, as compared to 2.4% decline in the S&P BSE Sensex. Shares of Welspun Enterprises were trading higher for the 11th straight session, rising 5% to Rs 202 per share on the BSE after the company reported a nearly four-fold jump in its consolidated net profit at Rs 253 million in March quarter. It had profit of Rs 67 million in the same quarter last fiscal.


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Eros International Media stock soars 14% after strong Q4 numbers

The company’s total income during the quarter under review was up 22.5% at Rs257.8cr, as against Rs210cr in the corresponding quarter of the previous fiscal. Shares of Eros International Media soared over 14% after it reported 85% rise in its consolidated net profit to Rs58.7cr for the fourth quarter ended March 31. The company had posted a net profit of Rs31.7cr during the January-March period of previous fiscal. Its total expenses stood at Rs173.5cr.


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Odisha on radar for the Rs 150-bn SAIL-ArcelorMittal auto grade steel JV

The proposed JV plant will construct world-class facilities for manufacturing automotive steel that will offer technologically advanced steel products for India's rapidly growing automotive sector. The proposed JV plant will construct world-class facilities for manufacturing automotive steel that will offer technologically advanced steel products for India's rapidly growing automotive sector.


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Wednesday, 23 May 2018

L&T Technology gains 7% on healthy Q4 results

The stock rallied 7% to Rs 1,367 after the company reported a higher than expected 8% QoQ revenue growth in dollar terms at $162 million in March quarter. Shares of L&T Technology Services (LTTS) have rallied 7% to Rs 1,367 per share on the BSE in otherwise subdued market after the L&T Group company reported a higher than expected quarter-on-quarter (QoQ) revenue growth of 8% at $162 million in March 2018 quarter (Q4FY18).


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Minda Industries soars 10% on 2:1 bonus issue; strong Q4 results

Minda Industries soared 10% to Rs 1,223 on the BSE after the auto ancillary company said its board recommended bonus shares in the ratio of 2:1. “The board of directors at their meeting held on Tuesday i.e. 22 May, 2018 has recommended the issue of bonus shares to the shareholders of the company in the ratio of 2 bonus equity shares of Rs 2 each fully paid up for every 1 existing equity share of Rs 2 each fully paid up (in the ratio of 2:1) held by the shareholders as on the record date to be fixed separately,” Minda Industries said in a BSE filing.


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Natco in focus ahead of Q4 numbers, to benefit from delay in Dr. Reddy’s gCopaxone

The delay in Dr. Reddy's gCopaxone will benefit Natco as it launched the drug in October 2017 and has only one generic competitor in this product category. Natco Pharma gained 5% in the opening hour trades today on the back of news that Dr. Reddy’s gCopaxone will get delayed further (read Dr. Reddy's Q4 result and concall notes). This leaves the gCopaxone competition limited to only two players i.e. Sandoz and Natco’s partner Mylan.


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Cipla surges 7% post March quarter results

Shares of Cipla have surged 7% to Rs 563 per share, bouncing back 8% from their early morning low of Rs 520 per share on the BSE, after the pharmaceutical company reported a consolidated net profit of Rs 1.79 billion in March quarter (Q4FY18) against a net loss of Rs 620 million in the same quarter last year. Total income from operations grew 3.2% at Rs 36.98 billion as compared to Rs 35.82 billion over the previous year quarter. Key markets including India and South Africa continued to deliver strong growth, Cipla said in a statement.


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Tuesday, 22 May 2018

SBI को 7718 करोड़ रु का हुआ घाटा, प्रोविजनिंग बढ़कर 28096 करोड़ रु

फाइनेंशियल ईयर 2018 की चौथी तिमाही में देश के सबसे बड़े सरकारी बैंक स्टेट बैंक ऑफ इंडिया के नतीजे अनुमान से खराब रहे हैं। इस दौरान बैंक को 7718 करोड़ रुपए का घाटा हुआ है, जबकि फाइनेंशियल ईयर 2017 की चौथी तिमाही में बैंक को 2814 करोड़ रुपए का मुनाफा हुआ था। जनवरी-मार्च, 2018 के दौरान प्रोविजनिंग बढ़ने का असर नतीजों पर दिखा। वहीं, बैंक का बैड लोन भी इस दौरान बढ़ गया है। फाइनेंशियल ईयर 2018 की तीसरी तिमाही में भी बैंक को 2416 करोड़ रुपए का घाटा हुआ था।


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Indian Oil Corporation Q4FY18 Result Expectation

Consensus estimates for Q4FY18E: 
Net Revenue – Rs116,191cr, up 15.8% yoy 
EBITDA – Rs9,620cr, up by 118% yoy 
PAT – Rs5,657cr, up by 52% yoy 

Q3FY18 performance highlights: 
Revenue – Rs110,667, up 19% yoy, 
Paradip Refinery ramped up operations EBITDA – Rs13,269cr, up 34% yoy 
EBITDA Margin – 12%, expansion of 133bps yoy 
PAT – Rs7,883cr, up 97% yoy, 
driven by the refining segment and stable pipeline and petrochemical business


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UltraTech, BHEL, Bharti Airtel among 41 stocks from BSE500 hit 52-week low

Ceat, Engineers India, BEML, Jet Airways and Rallis India were among 41 stocks from the S&P BSE500 index hitting their respective 52-week lows on the BSE in intra-day trade on Tuesday. UltraTech Cement, Bharat Heavy Electricals Limited (BHEL), Bharti Airtel, Ceat, Engineers India, BEML, Jet Airways and Rallis India were among 41 stocks from the S&P BSE500 index hitting their respective 52-week lows on the BSE in intra-day trade on Tuesday.


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Despite NSE's legal move, SGX to go ahead and launch Indian derivatives

SGX had responded by saying it would launch successor products to its flagship Indian equity derivative products in June. Singapore Exchange Ltd (SGX) said it plans to list new India-related equity derivative products in June despite the National Stock Exchange of India (NSE) applying for an interim injunction in a Mumbai court against their launch.


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Bajaj Finance, Bajaj Finserv hit record highs in a flat market

Bajaj Finance hit a new high of Rs 2,177, surging 19% in past eight trading sessions, as compared to 2.2% decline in Sensex since May 10, 2018 Shares of Bajaj Finserv and its lending and wealth advisory arm Bajaj Finance have hit their respective record highs on the BSE in intra-day trade in otherwise flat market. Bajaj Finance hit a new high of Rs 2,177, surging 19% in past eight trading sessions. On comparison, the S&P BSE Sensex was down 2.2% since May 10, 2018.


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Results to watch out - SBI, Dr. Reddy's, Hindustan Petroleum, Cipla

The results expected today include State Bank of India, Dr. Reddy's Laboratories, Hindustan Petroleum, Indian Oil, Cipla, Allcargo Logistics, Andhra Bank. Quarterly results that are expected today include State Bank of India, Dr. Reddy's Laboratories, Hindustan Petroleum, Indian Oil, Cipla, Allcargo Logistics, Andhra Bank, Ballarpur Industries, Bata India, Bharat Forge, Bosch, Care Ratings, Future Consumer, Igarashi Motors India, LT Technology Services, Marathon Nextgen Realty, Minda Industries, Music Broadcast, Sonata Software, Symphony, VIP Industries.


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Monday, 21 May 2018

Kitex Garments stock down 18% on weak Q4 numbers

Kitex Garments’ shares fell nearly 18% on Monday after the company announced its fourth quarter results for FY18 on Friday, May 18. The company’s revenue for the quarter declined 26% yoy to Rs131cr, while EBITDA stood at Rs18.2cr, down 61.8% yoy.


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D-Mart falls 11% in two days on promoter R K Damani upto 1% stake sale plan

The stock has dipped 6% to Rs 1,338, extending its Friday's 5% decline on the BSE after the company announced promoter R K Damani would pare his stake to comply with the shareholding norms. Shares of Avenue Supermarts - the operators of retail chain D-Mart, have fallen 6% to Rs 1,338 per share, extending their 5% drop on the BSE on Friday after the company announced that promoter R K Damani would pare his stake to comply with the shareholding norms.


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Indostar Capital Finance lists at 5% premium over issue price

Indostar Capital Finance has been listed at Rs 600, a 5% premium against its issue price of Rs 572 on the National Stock Exchange (NSE) and the BSE (Bombay Stock Exchange). At 10:01 am; the stock was trading at Rs 596, a 4% higher against its issue price. It touched high of Rs 606 and a low of Rs 594 so far. A combined 5.85 million shares changed hands on the counter on the BSE and NSE.


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Century Textiles falls 12% on demerger of cement biz into UltraTech Cement

Shares of Century Textiles have declined 12% to Rs 935 per share, also their 52-week low on the BSE in intra-day trade, after the company said its board approved demerger of cement biz into UltraTech Cement through a share-swap deal. shares of UltraTech Cement were trading 0.41% lower at Rs 3,843 per share after hitting high of Rs 4,021 per share on the BSE in early morning trade. On comparison, the S&P BSE Sensex was down 0.21% at 34,776 points.


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Ashok Leyland tanks 8% on weak Q4FY18 numbers

Shares of Ashok Leyland declined as much as 8% on Monday after the company reported lower-than-expected numbers for Q4FY18. The company's standalone net profit in the fourth quarter of financial year 2017-2018 declined 18% yoy to Rs661cr. Ashok Leyland's standalone revenue was up 32% yoy at Rs8,772cr in the period. Revenue growth was led by 23% yoy volume growth and 7% yoy realization growth. However, revenue fell marginally short of consensus estimate of Rs8,772cr.


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TCS hits record high after fixing record date for 1:1 bonus issue

Tata Consultancy Services (TCS) hit a record high of Rs 3,585, up 2.4% on the BSE in otherwise subdued market, after information technology company fixed Saturday, June 2, 2018 as the record date for determining the entitlement of members to receive bonus shares in the ratio of 1:1. The board of directors of TCS at its meeting held on April 19, 2018 had recommended bonus issue of equity shares in the ratio of 1 equity share of Re 1 each for every 1 equity shares of Re 1 each held by the shareholders of the company as on the record date.


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Friday, 18 May 2018

Results to watch out - Bajaj Auto, Ashok Leyland, Prabhat Dairy, Tata Chemicals

The results expected today include Bajaj Auto, Ashok Leyland, Amara Raja Batteries, Inox Wind, Manappuram Finance, Prabhat Dairy. Quarterly results that are expected today include Bajaj Auto, Ashok Leyland, Amara Raja Batteries, Bajaj Holdings & Investment, Dalmia Bharat, Inox Wind, Manappuram Finance, Prabhat Dairy, Tata Chemicals, Thermax.


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Bharti Airtel falls for sixth straight trading day; stock hits 52-week low

The stock hit a 52-week low of Rs 356, falling 13.6% in past six trading sessions after RJio announced a new unlimited postpaid plan on Thursday May 10. Bharti Airtel hit a 52-week low of Rs 356, down 3%, falling for the sixth straight trading days on the BSE, after Reliance Jio Infocomm (RJio) announced a new unlimited postpaid plan on Thursday May 10, with national roaming, international calling and international roaming plans among others.


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