HEG hits record high ahead of June quarter results

The stock hit a record high of Rs 4,250, up 3.3% on the BSE in intra-day trade on Tuesday, ahead of June quarter (Q1FY19) results on Wednesday, August 1, 2018. Shares of graphite electrode manufacturer HEG have hit a record high of Rs 4,250 per share, up 3.3% on the BSE in intra-day trade on Tuesday, ahead of June quarter (Q1FY19) results on Wednesday, August 1, 2018. Since May 8, 2018, after the March quarter (Q4FY18) results, the stock has outperformed the market by surging 45% as compared to 6.5% rise in the S&P BSE Sensex.

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Avenue Super marts hits new high on strong Q1 results

Shares of Avenue Supermarts, which owns and operates D-Mart supermarket chain, hit a new high of Rs 1,664, up 4.5% on the BSE in intra-day trade, after the company reported a better-than-expected 43% year on year (yoy) growth in net profit at Rs 2.51 billion in June quarter (Q1FY19). It had a profit of Rs 1.75 billion in year-ago quarter. Total revenue during the quarter under review increased 26.7% at Rs 45.59 billion as compared to 35.98 billion in the same period last year.

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InterGlobe Aviation skids 11% on weak June quarter results

The stock dipped 11% to Rs 891, also its 52-week low on the BSE after the company reported a 96% year on year (yoy) decline in net profit at Rs 278 million in June 2018 quarter. InterGlobe Aviation (owner of airline IndiGo) has dipped 11% to Rs 891, also its 52-week low on the BSE in early morning trade, after the company reported a 96% year on year (yoy) decline in net profit at Rs 278 million in June 2018 (Q1FY19) quarter. The analysts on an average had expected a profit of Rs 5 billion. The profitability was majorly impacted by the adverse impact of foreign exchange, high fuel prices and the competitive fare environment.

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RIL, L&T, Infosys among IIFL's top-six investment picks for the long haul

Indian benchmark equity indices,the BSE Sensex and the National Stock Exchange’s (NSE’s) Nifty50 have been hitting record highs of late.But growth has been limited to large-cap stocks; mid-caps have failed to join the party. In the past few years, Indian stocks had been seeing a steep rise, on the back on mid-cap gains, with thevaluation of these stocks reaching significanthighs. According to an IIFL Institutional Equities report, these stocks’performance was akin to, in cricket terminology, Twenty20 – midcaps, indeed, were making records on Dalal Street.

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PSU banks extend rally as Bank of Baroda posts good Q1 results

Bank of Baroda, SBI, PNB, Syndicate Bank, Bank of India, Indian Bank, Union Bank of India and Canara Bank were up in the range of 2% to 8% on the NSE. Shares public sector undertaking (PSU) banks have rallied by up to 8% on the National Stock Exchange (NSE) in early morning trade after the Bank of Baroda on Friday reported a more than two-fold jump in net profit at Rs 5.28 billion for the first quarter of 2018-19 (Q1FY19) as provisions for bad loans dropped. The bank had reported a net profit of Rs 2.03 billion in the same quarter of 2017-18. It had reported a net loss of Rs 31.02 billion in last quarter (March 2018).

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TCNS Clothing makes listless debut; falls below issue price

TCNS Clothing has made a listless debut on the bourses by opening at par against its issue price of Rs 716 per share on the National Stock Exchange (NSE). However, it opened at Rs 715, a tad below its issue price. At 10:06 am; the stock was trading at Rs 706, down 1.4% against its issue price, after hitting high of Rs 725 on the NSE and BSE post its listing. It touched a low of Rs 692 on the BSE and Rs 702 on the NSE in intra-day trade so far. A combined 3.23 million equity shares have changed hands on the counter on both the exchanges.

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मुकेश अंबानी की कंपनी में कुछ मिनटों में निवेशकों ने कमाए 18 हजार करोड़, 52 हफ्ते के नए हाई पर शेयर

सोमवार के कारोबार में RIL के शेयर 2.50 फीसदी तक तेजी दर्ज की गई, जिससे 52 हफ्ते के नए हाई पर पहुंच गया। मुकेश अंबानी की कंपनी रिलायंस इंडस्ट्रीज लिमिटेड (RIL) में निवेशकों को कुछ मिनटों के कारोबार में ही करोड़ों का फायदा हो गया है। दरअसल, जून तिमाही के नतीजे उम्मीद के मुताबिक रहने से सोमवार के कारोबार में RIL के शेयर 2.50 फीसदी तक तेजी दर्ज की गई, जिससे 52 हफ्ते के नए हाई पर पहुंच गया। शेयर में बढ़त से निवेशकों ने कुछ ही मिनटों 18,000 करोड़ रुपए कमा लिए। जून तिमाही में RIL को 9485 करोड़ रुपए का मुनाफा हुआ है। RIL का मुनाफा 4.5% बढ़ पहली तिमाही में RIL का मुनाफा 4.5 फीसदी बढ़ गया है। इस दौरान कंपनी को 9485 करोड़ रुपए का मुनाफा हुआ है। पिछले फाइनेंशियल की समान तिमाही में आरआईएल को 9079 करोड़ रुपए का मुनाफा हुआ था। वहीं, इस दौरान टेलिकॉम वर्टिकल Jio का मुनाफा 612 करोड़ रुपए हो गया है।

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Bharti Airtel hits over 3-week high; stock up 1%

Shares of Bharti Airtel hit over 3-week high on Friday after the company reported largely in-line results for Q1FY19 due to a strong EBITDA expansion of ~840bps yoy in the African business. Its revenue de-grew by 8.6% yoy to Rs20,080cr (expectation Rs19,958cr). EBITDA stood at Rs6,826cr, down 12.60% yoy against estimates of Rs6,696cr. The company’s adjusted net loss stood at Rs104cr against an expected loss of Rs223cr, due to an exceptional loss of Rs362cr.

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Idea surges 4% post DoT’s approval for Vodafone India merger

Idea Cellular spurted nearly 4% in early morning trade today post Department of Telecommunication's approval of its merger with Vodafone India (VIL) and Vodafone Mobile Services (VMSL). The merger is subject to National Company Law Tribunal (NCLT), Mumbai Bench, passing the dissolution order of VIL and VMSL, which is expected shortly, the company said in a release to the exchange today.

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ITC stock surges after net profit rises 10%

Shares of ITC reported decent set of numbers, broadly in-line with estimates on all fronts in Q1FY19 numbers. The company’s revenue (net of excise duty) grew by 7.6% yoy to Rs10,707.0cr, in-line with the estimates. EBITDA grew by 12.2% yoy to Rs4,202.1cr with EBITDA margin of 39.2%, an improvement of 161bps yoy. Its PAT grew by 10.1% yoy to Rs2,818.7cr, in-line with the estimate of Rs2,815.9cr.

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Yes Bank stock slips 4% to land among top Nifty losers

Shares of Yes Bank slipped 4% on the NSE to land among the top Nifty losers for the day despite the lender posting a 30.5% yoy rise in profit at Rs1,260.36cr for the quarter ended June 2018. The bank had posted a net profit of Rs965.52cr in the corresponding quarter last year. Yes Bank's NII has increased 22.67% yoy to Rs2219.14cr in Q1FY19 over Rs1,808.93cr in Q1FY18. Gross non-performing assets (GNPA) stood at 1.31% in Q1FY19 over 1.28% in Q4FY18, whereas net NPA (NNPA) eased to 0.59% from 0.64% during the same period.

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Nifty PSU Bank index rally over 4%; SBI, Canara Bank, BOB up more than 4%

Shares of public sector banks have rallied by up to 5% on the National Stock Exchange (NSE), after Canara Bank reported a net profit of Rs 2.81 billion in June quarter (Q1FY19) on the back of higher net interest income (NII). Analysts on average had expected the state-owned bank to post a loss during the quarter. Canara Bank had profit net profit of Rs 2.52 billion in year ago quarter and net loss of Rs 48.6 billion in previous quarter.

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Private financials, IT, FMCG, Reliance lead Nifty 50 to record high

Bajaj Finance and Bajaj Finserv have rallied 58% and 43%, respectively, while Asian Paints and TCS were surged more than 20% since January 29, 2018. Shares of private lenders which include non-banking financial companies (NBFC), information technology (IT), fast moving consumer goods (FMCG) and Reliance Industries (RIL) have helped the Nifty 50 index to hit a record high of 11,172.20 on Thursday in early morning trade. The benchmark index surpassed its previous high of 11,171.55 recorded on January 29, 2018. Bajaj twins – Bajaj Finance and Bajaj Finserv – from NBFCs, Kotak Mahindra Bank, IndusInd Bank, HDFC Bank and YES Bank from private lenders, Tata Consultancy Services (TCS) and Infosys from IT pack, Asian Paints, Hindustan Unilever and ITC from FMCG and Reliance Industries have outperformed the market by rising more than 5% during the period.

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Ambuja Cements gains 6% on strong June quarter results

The stock rallied 6% at Rs 222 on the BSE after the company reported a better-than-expected a 27% year on year growth in standalone net profit at Rs 4.99 billion in June quarter. Shares of Ambuja Cements were trading higher by 6% at Rs 222 per share on the BSE at 09:30 am, after the company reported a better-than-expected a 27% year on year growth in standalone net profit at Rs 4.99 billion in June quarter (Q2CY18), on account of higher cement sales and lower expenses. It had profit of Rs 3.92 billion in year ago quarter.

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Hexaware Technologies slips 9% post Q2 results

The stock slipped 9% to Rs 453 on the BSE after the company reported a flat EBITDA margin at 15.6% in June 2018 quarter. Shares of Hexaware Technologies have slipped 9% to Rs 453 per share on the BSE after the information technology (IT) company reported a flat EBITDA margin at 15.6% in June 2018 quarter (Q2CY18). The company has reported year on year (YoY) margin decline from 16.2% in Q2CY17. The company’s consolidated net profit during the quarter up 14% at Rs 1.53 billion in Q2CY18 against Rs 1.34 billion in Q1CY18.

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Infosys, Indiabulls Ventures, Relaxo Footwears hit new high

Bajaj Finserv, NIIT Tech, VIP Ind, Asian Paints, Berger Paints, Exide Ind, Godrej Consumer and Whirlpool India were among 11 stocks from S&P BSE500 index hitting their respective new highs on the BSE. Shares of Infosys, Indiabulls Ventures, Relaxo Footwears, Bajaj Finserv, NIIT Technologies and VIP Industries were among 11 stocks from the S&P BSE500 index hitting their respective new highs on the BSE on Wednesday. Asian Paints, Berger Paints, Exide Industries, Godrej Consumer Products and Whirlpool India too hit record highs in intra-day trade today.

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Hero MotoCorp rises ahead of results

Hero MotoCorp gained over 1% on Wednesday ahead of announcing its Q1FY19 numbers. Estimates suggest that the automaker's revenue will go up 16% yoy. Further, top-line growth will be led by 14% yoy (5% qoq) volume and 2% yoy (3% qoq) realization growth. The company is well-positioned to benefit from the strength in rural demand since it derives half of its motorcycle volumes from rural sales. Meanwhile, Hero MotoCorp’s strategy in dealing with the price war that Bajaj Auto has initiated will be in focus. Hero MotoCorp share price is currently at Rs3,143.05, up Rs41.6, or 1.34%, from its previous close of Rs3,101.45 on the BSE.

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Adani Enterprises up ~7% after bulk deal

Foreign investor Asia Investment Corporation sold 80lakh shares of the company for Rs138cr through an open-market transaction on Tuesday. Foreign investor Asia Investment Corporation on Tuesday sold 80lakh shares of Adani Enterprises for Rs138cr through an open-market transaction, as per the bulk deal data available with the NSE. Following this, the company’s stock rose ~7%. Meanwhile, the enterprises’ coal mining volumes are expected to be about 80mn tonne, i.e. a nearly six-fold rise, by the end of the fiscal year 2021.

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Symphony tanks 20% on weak Q1 results

The stock tanked 20% to Rs 1,125, also its 52-week low on the NSE after the company's consolidated net profit almost halved to Rs 200 million in June 2018 quarter. Shares of Symphony tanked 20% to Rs 1,125 per share, also their 52-week low on the National Stock Exchange (NSE) in early morning trade after the company’s consolidated net profit almost halved to Rs 200 million in June 2018 quarter (Q1FY19), on account of lower sales. Symphony, a world leader in evaporative air coolers, had a profit of Rs 390 million during the same quarter in the previous fiscal.

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L&T Technology Services rallies 14% on strong Q1 results

The stock rallied 14% to Rs 1,485 on the BSE in early morning trade after the company reported more than doubled net profit at Rs 1,981 million in June quarter. Shares of L&T Technology Services (LTTS) have rallied 14% to Rs 1,485 per share on the BSE in early morning trade after the company reported a more-than-double net profit of Rs 1,981 million in June quarter (Q1FY19). The L&T group company had profit of Rs 980 million in the year ago quarter.

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Asian Paints up 2% ahead of results

Indian multinational Asian Paints rose ~2% as it awaits its results. For the company, estimates suggest that revenue will be up 16.1% yoy, down 1.2% qoq. Decorative volume growth in the range of 14-15% and price hikes taken in March 2018 and May 2018 will aid top-line growth. Further, PAT will probably reach Rs521cr, up 18.9% yoy, down 10.5% qoq. Higher sales growth and robust EBITDA margin expansion will lead to 18.9% yoy bottom-line growth.

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ACC Q2 net profit flat at Rs 3.29 bn as macro headwinds continue

Revenue from operations in June quarter of FY2019 at Rs 38.48 billion, 3% lower from Rs 39.58 billion reported in the same quarter a year back . Cement manufacturer ACC's reported a net profit of Rs 3.29 billion for the quarter ending June 30, flat from its corresponding quarter last year. The company gained from cost management initiatives, even as it was bogged down by continuing macro headwinds.

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Vijaya Bank stock rises post Q1FY19 numbers

Shares of Vijaya Bank rose over 4% on the BSE. The bank's NII for Q1FY19 has improved by 27.9% yoy to Rs1,207cr as against Rs944cr yoy.The bank has reported Q1FY19 net profit below our estimates (Rs135cr) at Rs144.3cr due to higher provisions, against profit of Rs254.7cr reported in corresponding quarter last year. Its GNPA for Q1FY19 stood at 6.19% against 6.34% qoq, which has declined by 15bps. NNPA for the quarter came at 4.1% against 4.32% qoq, which has decreased by 22bps. Vijaya Bank is currently trading at Rs51.90 up by Rs2.05 or 4.11% from its previous closing of Rs49.85 on the BSE.

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Two wheeler stocks trade weak; Hero MotoCorp, TVS Motor hit 52-week low

Shares of two wheeler companies were under pressure with Hero MotoCorp and TVS Motor Company hitting their respective 52-week lows and Bajaj Auto trading close to its 52-week low, falling up to 7% on the BSE in early morning trade on Monday. TVS Motor Company slipped 7% to Rs 524 on the BSE in intra-day trade. Hero MotoCorp skid to its 52-week low of Rs 3,266, down 3%, extending its 4% decline in the past two trading days ahead of June 2018 (Q1FY19) results on Wednesday, July 25, 2018.

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Wipro drops; VST Industries, L&T Finance surge; HDFC Bank trades flat after results

Bengaluru-based IT company Wipro was trading down after reporting in-line set numbers for Q1FY19 on all fronts. The company’s consolidated revenue stood at Rs13,978cr, up 1.5% qoq and 2.6% yoy. It is currently trading at Rs275.35 down by Rs7.7 or 2.72% from its previous closing of Rs283.05 on the BSE.

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South Indian Bank tanks 18% on weak Q1 results

Shares of South Indian Bank have tanked 18% to Rs 18.45 per share, also their 52-week low on the BSE, after the private sector lender reported a sharp 77% year on year decline in its net profit at Rs 230 million in June quarter (Q1FY19). The bank had profit of Rs 1.01 billion in the corresponding quarter in the previous fiscal. Net interest income of the bank during the quarter under review grew 7% at Rs 4.94 billion against Rs 4.61 billion in year ago quarter. Net interest margin (NIM) declined 20 bps (basis points) to 2.6% from 2.8%.

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Footwear stocks gain after GST rate revision

Shares of footwear companies were trading higher in today’s trade with Relaxo Footwear and Bata India gaining over 3.5% each on the BSE. Footwear stocks jumped after the GST Council lowered GST rates on footwear below Rs1,000 to 5% from 18% earlier (footwear having a retail sale price up to Rs500/pair is already covered under 5% rate). The changes in tax rate would come into effect from July 27, 2018, said a press release issued by the Ministry of Finance.

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एचडीएफसी लाइफ का मुनाफा 20.2% बढ़ा

वित्त वर्ष 2019 की पहली तिमाही में एचडीएफसी लाइफ का मुनाफा 20.2 फीसदी बढ़कर 380.2 करोड़ रुपये हो गया है। वित्त वर्ष 2018 की पहली तिमाही में एचडीएफसी लाइफ का मुनाफा 316.4 करोड़ रुपये रहा था। वित्त वर्ष 2019 की पहली तिमाही में एचडीएफसी लाइफ की प्रीमियम से आय 36.6 फीसदी बढ़कर 5,001.3 करोड़ रुपये पर पहुंच गई है। वित्त वर्ष 2018 की पहली तिमाही में एचडीएफसी लाइफ की प्रीमियम से आय 3,661.5 करोड़ रुपये रही थी। तिमाही दर तिमाही आधार पर अप्रैल-जून तिमाही में एचडीएफसी लाइफ का सॉल्वेंसी रेश्यो 192 फीसदी से बढ़कर 197 फीसदी रहा है। साल दर साल आधार पर अप्रैल-जून तिमाही में एचडीएफसी लाइफ के नए कारोबार का मार्जिन 20.5 फीसदी से बढ़कर 24.2 फीसदी रहा है।

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बजाज ऑटो: मुनाफा 20.7% बढ़ा, आय 36.3% बढ़ी

वित्त वर्ष 2019 की पहली तिमाही में बजाज ऑटो का मुनाफा 20.7 फीसदी बढ़कर 1,115 करोड़ रुपये पर पहुंच गया है। वित्त वर्ष 2018 की पहली तिमाही में बजाज ऑटो का मुनाफा 924 करोड़ रुपये रहा था। वित्त वर्ष 2019 की पहली तिमाही में बजाज ऑटो की आय 36.3 फीसदी बढ़कर 7,419.3 करोड़ रुपये पर पहुंच गई है। वित्त वर्ष 2018 की पहली तिमाही में बजाज ऑटो की आय 5,442.4 करोड़ रुपये रही थी।साल दर साल आधार पर अप्रैल-जून तिमाही में बजाज ऑटो का एबिटडा 938.4 करोड़ रुपये से बढ़कर 1,281.4 करोड़ रुपये रहा है। सालाना आधार पर अप्रैल-जून तिमाही में बजाज ऑटो का एबिटडा मार्जिन 17.2 फीसदी से बढ़कर 17.3 फीसदी रहा है। सालाना आधार पर पहली तिमाही में बजाज ऑटो का टैक्स खर्च 364.2 करोड़ रुपये से बढ़कर 500.3 करोड़ रुपये रहा है।

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Sterlite Tech rises 7% on strong Q1 results, record order book position

The stock rallied 7% to Rs 324 on the BSE after the company reported nearly two times increase in net profit on YoY basis in June quarter and an all-time high order book position of Rs 60.34 billion. Shares of Sterlite Technologies have rallied 7% to Rs 324 per share on the BSE in early morning trade after the company reported nearly two-times increase in its net profit on year on year (YoY) basis in June quarter (Q1FY19) and an all-time high order book position of Rs 60.34 billion.

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Bajaj Finance market cap crosses Rs 1.5 trillion;Bajaj Finserv hit new high

Bajaj Finance (Rs 2,648) and Bajaj Finserv (Rs 6,533) hit their respective record highs, rallied 5% on the BSE in intra-day trade on Friday. Shares of Bajaj Finserv (Rs 6,533 per share) and its lending and wealth advisory arm Bajaj Finance (Rs 2,648 per share) have hit their respective record highs on the BSE in intra-day trade so far on Friday after reporting a strong set of numbers for the quarter ended June 2018 (Q1FY19). Both these stock were trading higher by 5% each, as compared to 0.45% rise in the S&P BSE Sensex at 10.17 am. In past four months, Bajaj Finance (up 62%) and Bajaj Finserv (up 32%) have outperforming the market by surging more than 30%, against 11% rise in the benchmark index.

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Bajaj Finance slips 5% on profit booking post Q1 results

Bajaj Finance dipped 5% to Rs 2,378 on the BSE in noon deal trade on profit booking after the company reported a consolidated net profit of Rs 8.36 billion for the quarter ended June 2018 (Q1FY19). It had a profit of Rs 4.61 billion in the same quarter year ago. Net interest income (NII) during the quarter review increased 46% at Rs 25.78 billion against Rs 17.61 billion over the previous year quarter. Analyst on an average had expected a profit of Rs 8.57 billion and NII of Rs 27.58 billion for the quarter.

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MindTree slips 9% on profit booking after Q1 results

In past one year, shares of MindTree had outperformed the market by surging 109% as compared to 15% rise in the S&P BSE Sensex till Wednesday. Shares of MindTree have slipped by 9% to Rs 971 on the BSE in intra-day trade on Thursday after the management said that expected revenue growth rate in September quarter (Q2FY19) to be less than that of June quarter (Q1) on reported basis; however, margins are expected to be better in constant currency (CC).

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बंधन बैंकः मुनाफा 47.5% बढ़ा, एनपीए मामूली बढ़ा

वित्त वर्ष 2019 की पहली तिमाही में बंधन बैंक का मुनाफा 47.5 फीसदी बढ़कर 481.7 करोड़ रुपये हो गया है। वित्त वर्ष 2018 की पहली तिमाही में बंधन बैंक का मुनाफा 326.6 करोड़ रुपये रहा था। वित्त वर्ष 2019 की पहली तिमाही में बंधन बैंक की ब्याज आय 39.5 फीसदी बढ़कर 1,037.2 करोड़ रुपये पर पहुंच गई है। वित्त वर्ष 2018 की पहली तिमाही में बंधन बैंक की ब्याज आय 743.5 करोड़ रुपये रही थी। तिमाही दर तिमाही आधार पर अप्रैल-जून तिमाही में बंधन बैंक का ग्रॉस एनपीए 1.25 फीसदी से मामूली बढ़कर 1.25 फीसदी रहा है। तिमाही आधार पर पहली तिमाही में बंधन बैंक का नेट एनपीए 0.58 फीसदी से बढ़कर 0.64 फीसदी रहा है।

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Ashok Leyland hits over 5-month low; stock slips 8%

The stock down 8% to Rs 119, hit its lowest level since February 2, 2018 on the BSE, in intra-day trade. Shares of Ashok Leyland hit an over five-month low of Rs 119 per share, down 8% on the BSE, in otherwise firm market despite the company reporting a better than expected net profit for the quarter ended June 2018 (Q1FY19). Ashok Leyland, which is currently trading at its lowest level since February 2, 2018, has fallen 29% from its 52-week high of Rs 168 touched on May 8, 2018. The stock recorded a 52-week low of Rs 98.80 on August 11, 2017 in intra-day trade.

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Bharti Airtel, Idea Cellular, Tata Comm hit 52-week lows

Shares of telecom services providers (telcos) are under pressure with all major listed stocks – Bharti Airtel, Idea Cellular and Tata Communications – hitting their respective 52-week lows on the BSE, on concerns of weak earning in June quarter (Q1FY19). Idea Cellular (down 6% to Rs 49.50), Tata Communications (5% at Rs 543) and Bharti Airtel (3% at Rs 331) were down in the range of 3% to 6%, as compared to 0.32% rise in the S&P BSE Sensex at 11:17 am.

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खरीदारी का अच्छा मौका, क्वालिटी शेयरों पर रहे नजर

बाजार की आगे की चाल और दिशा पर बात करते निफ्टी तो ऑल टाइम हाई पर है लेकिन मिड और स्मॉलकैप शेयरों में काफी गिरावट हुई है। इस दौरान कई क्वालिटी मिड और स्मॉलकैप शेयरों में बड़ी गिरावट हुई है। इन शेयरों में अब खरीद के अच्छे मौके हैं। निवेशकों को सलाह है कि ऐसे में वे अच्छे शेयरों को चुन कर लंबे नजरिए से निवेश करें आगे अच्छा रिटर्न मिलेगा। , ग्रामीण अर्थव्यवस्था पर आधारित, कंज्यूमर ड्यूरेबल शेयरों में अच्छी ग्रोथ की संभावना है। बैंकिग और फाइनेंशियल्स में एनबीएफसी महेश पाटिल का पसंदीदा सेक्टर है। इस समय सेक्टर से ज्यादा सही क्वालिटी शेयरों के चुनाव पर ज्यादा जोर देनें की जरूरत है फिर वो चाहे जिस भी सेक्टर के हों। आईटी सेक्टर को लेकर महेश पाटिल का नजरिया सकारात्मक है। उनका कहना है कि मिडकैप आईटी शेयरों पर ज्यादा फोकस होना चाहिए।

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Bharti Airtel trades at 52-week low; stock down 1%

Shares of Bharti Airtel were trading lower on Tuesday to hit their lowest since May 10, 2017. At 3:05 PM, Bharti Airtel share price was at Rs342.25, down Rs3.95, or 1.14%, from its previous close of Rs346.20 on the BSE. The scrip opened at Rs346.60 and has touched a high and low of Rs350.40 and Rs340, respectively. So far, 48,31,706 (NSE+BSE) shares have been traded on the counter. The BSE group 'A' stock of face value Rs5 has touched a 52-week-high of Rs565 on November 03, 2017, and a 52-week-low of Rs344.45 on July 16, 2018.

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Bharat Electronics stock up 2% after signing MoU

The system is based on the state-of-the-art GaN-based T/R module technology and incorporates the latest signal processing techniques. Shares of Bharat Electronics (BEL) gained 2% on the BSE after the company has entered into a contract with Swedish company Saab to market its long-range radars. The radars are based on state-of-the-art GaN T/R module technology and latest signal processing techniques.

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Nestle India market cap crosses Rs 1-trillion; stock rises 50% from Feb low

Nestle India on Tuesday became the third listed fast moving consumer goods (FMCG) company to join the elite club of firms that have seen their market capitalisation (market cap) soar past the Rs 1 trillion mark. With Rs 1.01 trillion market cap, Nestle India stands at 28th position in overall market-cap ranking at 11:23 am; the BSE data shows. The stock is trading at its all-time high level of Rs 10,450, up 2.4% in otherwise subdued market. The S&P BSE Sensex was trading 0.12% or 45 points higher at 36,369 levels.

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YES Bank hits new high; rallies 15% in 9-days on SEBI nod to launch MF biz

Shares of YES Bank hit new high of Rs 386 per share, rising 2% on the BSE Shares of YES Bank hit a new high of Rs 386 per share, rising 2% on the BSE, and moving higher for the ninth straight trading session after the bank said that it has received approval from capital markets regulator SEBI to start mutual fund business. The stock surpassed its previous high of Rs 385 recorded on July 12, 2018 in intra-day trade. “This approval is subsequent to the Reserve Bank of India’s (RBI) approval granted to Yes Bank to sponsor a mutual fund followed by SEBI’s in-principle approval received subsequently,” the bank said in a statement on July 4, 2018.

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Hindustan Unilever slips 3% post Q1 results on profit booking

Shares of Hindustan Unilever (HUL) have slipped 3% to Rs 1,701 per share on the BSE on Tuesday due to profit booking after the fast moving consumer goods (FMCG) company reported strong numbers for June 2018 quarter (Q1FY19), broadly in-line with analyst estimates. The stock has fallen 4.4% from its all-time high of Rs 1,780 recorded in early morning trade on BSE today. The S&P BSE Sensex was trading 0.17% higher at 36,384 points at 10:09 am.

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Reliance Industries stock slips ~2%

Shares of Reliance Industries snapped a six-day losing streak and fell nearly 2% in the afternoon trade. The stock has achieved yet another feat by topping the Rs7 lakh cr Market cap (Mcap). Reliance Industries Ltd is currently trading at Rs1,077.70 down by Rs19.05 or 1.74% from its previous closing of Rs1,096.75 on the BSE. On Friday, June 13, the market valuation of the company surged past Rs7 lakh cr mark, making it the second company after TCS to achieve this milestone. The scrip opened at Rs1,098.05 and has touched a high and low of Rs1,108.50 and Rs1,073 respectively. So far 58,08,950 (NSE+BSE) shares were traded on the counter. The BSE group 'A' stock of face value Rs10 has touched a 52-week high of Rs1,107.25 on 13-Jul-2018 and a 52-week low of Rs748 on 12-Jul-2017. Last one week high and low of the scrip stood at Rs1,107.25 and Rs983.30 respectively.

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Hindustan Unilever hits new high ahead of Q1 results

Since May 14, 2018, after the Q4FY18 results, HUL has outperformed the market by surging 17.5% as compared to 2.8% rise in the S&P BSE Sensex. Shares of Hindustan Unilever (HUL) hit a new high of Rs 1,770 per share, up 1.6% on the BSE in intra-day trade so far on Monday, ahead of its results for the June quarter (Q1FY19) later in the day. Since May 14, 2018, after March quarter (Q4FY18) results, HUL has outperformed the market by surging 17.5% as compared to 2.8% rise in the S&P BSE Sensex. Thus far in the calendar year 2018, the stock of fast moving consumer goods (FMCG) company has rallied 29% against 7.3% gain in the benchmark index.HUL is the largest FMCG Company in India, operating across a host of categories in home care, personal care and foods.

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DCB Bank stock falls 9% after Q1FY19 numbers

Shares of DCB Bank Ltd fell 9% after the bank reported its Q1FY19 numbers on Saturday, June 14. The bank’s Q1FY19 NII has improved 17.1% yoy to Rs273cr against Rs233.2cr reported in the same period of the previous fiscal. Its net profit was also in-line with estimates and has improved 6.6% yoy to Rs69.5cr as against Rs65.2cr reported last year. DCB Bank share price is currently at Rs165.25, down Rs14.2, or 7.91%, from its previous close of Rs179.45 on the BSE. GNPA for Q1FY19 came at 1.86% against 1.79% qoq, which has increased by 7bps. NNPA for the quarter were flat qoq at 0.72%. Net interest margin for Q1FY19 was at 3.90% as against 4.23% for Q1FY18 and 4.09% for Q4FY18. The management stated that margins are under pressure, especially in the mortgage and corporate loan book.

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Dr Reddy's slips 11% as US court prevents selling of Opioid treatment drug

The stock slipped 11% to Rs 2,070 on the NSE after the drug maker said the preliminary injunction orders issued on Friday by a US court against the company on the launch of generic Suboxone. Shares of Dr Reddy’s Laboratories have dipped 11% to Rs 2,070 per share on the National Stock Exchange (NSE) in early morning trade after the drug maker said that the preliminary injunction orders issued on Friday by a US court against the company on the launch of generic Suboxone, a sublingual film product indicated for treatment of opioid dependence. On the BSE, the stock slipped 9% to Rs 2,115 in intra-day trade so far.

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