Shares of Asian Granito India slipped 13% to Rs 162 per share on the BSE in intra-day trade after the company's promoter and managing director Mukeshbhai Patel was arrested by Directorate of Revenue Intelligence on Friday for a case related to an amount of Rs 35 million.
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Consensus expectations for Q2FY19E:
- Net interest income – Rs23,960cr, up by 17% yoy and flat qoq
- Pre-provision profit – Rs15,300cr, decline by 3% yoy and up by 14% qoq
- Net Loss – Rs220cr, NA yoy and NA qoq
Q1FY19 performance highlights:
- Net interest income – Rs23,930cr, up by 24% yoy and 9% qoq
- Pre-provision profit - Rs13,430cr, flat yoy and declined by 20% qoq
- Net Loss - Rs4,230cr, NA yoy and NA qoq
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Shares of public sector undertaking (PSU) banks are in focus on Monday, with Nifty PSU Bank index surging 7% on the National Stock Exchange (NSE) after a media report suggest that the government expects some changes in the prompt corrective action (PCA) framework prescribed by the Reserve Bank of India (RBI) to enable more sanction of credit by PSU banks.
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Shares of Sterlite Technologies have moved higher by 6% to Rs 346 per share, extending their 2% gain in the past two days in an otherwise weak market, after the company reported a strong 84% growth in net profit at Rs 1,310 million in September quarter (Q2FY19). It had a profit of Rs 710 million in the previous year quarter.
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स्टील अथॉरिटी ऑफ इंडिया लिमिटेड (SAIL) की 46वीं वार्षिक आम बैठक में शेयरधारकों को संबोधित करते हुए सीएमडी सरस्वती प्रसाद ने कहा कि कंपनी ने वित्त वर्ष 2017-18 में 5,184 करोड़ रुपये EBITDA दर्ज किया, जो वित्त वर्ष 2016-17 की तुलना में महत्वपूर्ण वृद्धि है। उन्होंने कहा कि 2016-17 के मुकाबले 2017-18 में कंपनी के घाटे में 83 फीसदी की भी कमी आई है।
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Shares of Rural Electrification Corporation were trading marginally up in the late morning session on Monday after the company reported a significant improvement in net profit for Q1FY19 due to a one-time income from other sources.
Net profit of the company during the first quarter of FY19 rose 36.5% yoy to 1,496cr, while Net interest income fell 10.5% yoy to Rs2,041cr. Further, its Loan book at the end of Q1FY19 stood at Rs2.42 lakhcr and gross NPAs stood at 8.12%, up 552bps yoy. Net NPAs at the end of Q1FY19 stood at 4.27%, up 255bps yoy.
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सरकारी कंपनी इरकॉन इंटरनेशनल लिमिटेड (Ircon International) का इनिशियल पब्लिक ऑफर (IPO) 17 सितंबर से सब्सक्रिप्शन के लिए खुल गया है। इस इश्यू का प्राइस बैंड 470-475 रुपए प्रति शेयर तय किया गया है। इससे कंपनी को करीब 470 करोड़ रुपए मिलने का अनुमान है। आईपीओ 19 सितंबर को बंद होगा और 26 सितंबर को शेयरों का आवंटन किया जाएगा। 28 सितंबर को इरकॉन देश के दोनों प्रमुख शेयर बाजारों बीएसई और एनएसई में लिस्ट होगी।
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Shares of pharmaceutical companies continued their upward journey with Nifty Pharma index quoting higher for 11 out of past 14 trading days on the National Stock Exchange (NSE).
Sun Pharmaceutical Industries, Dr Reddys Laboratories, Glenmark Pharmaceuticals, Torrent Pharmaceuticals, Abbott India, Merck, Sanofi India and GlaxoSmithKline Pharmaceuticals were among 11 stock that hit their respective 52-week highs on Monday.
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The stock hit a new high of Rs 2,690, up 11%, surging 30% in past two trading sessions after the company said its board will consider a bonus issue proposal in their meeting on Friday, June 22, 2018. Shares of Wheels India hit a new high of Rs 2,690 per share, rising 11% from its previous close. The stock has surged 30% in past two trading sessions after the company announced that its board will consider a bonus issue proposal in their forthcoming board meeting on Friday, June 22, 2018.
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The stock hit a new high of Rs 1,011.70, up 1% on the BSE, surpassing its previous high of Rs 1010.70 recorded on April 27, 2018. Reliance Industries (RIL) hit a new high of Rs 1,011.70 up 1% on the BSE in noon deal, surpassing its previous high of Rs 1010.70 recorded on April 27, 2018 in intra-day trade. In past three weeks, RIL has outperformed the market by surging 10% as compared to 4% rise in the S&P BSE Sensex.
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Advanced Enzyme, IL&FS Transportation Networks, Inox Wind, Narayana Hrudayalaya and Navkar Corporation were among 9 stocks from the S&P BSE500 index hitting their respective all-time lows on the BSE. Shares of Adani Power, Housing Development and Infrastructure (HDIL), Housing and Urban Development Corporation (HUDCO) and IDFC Bank were among 9 stocks from the S&P BSE 500 index that hit their respective all-time low on the BSE in intra-day trade on Tuesday.
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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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RIL hit a record high of Rs 1,000, up 2.5% on the BSE in early morning trade, surpassed its previous high of Rs 990 recorded on January 23, 2018 in intra-day deal. Shares of Reliance Industries (RIL) hit a record high of Rs 1,000 per share, up 2.5% on the BSE in early morning trade on the BSE, ahead of its January-March quarter (Q4FY18) results today. The stock surpassed its previous high of Rs 990 recorded on January 23, 2018 in intra-day deal.
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Most IT stocks are up big in the first hour of trading following positive results from the likes of Mindtree, Cyient and TCS. Amongst the large caps, TCS lead the pack, up ~5% while Infosys is almost up ~4% with days high of Rs1,178. HCL Tech and Tech Mahindra are up~3% each, while Wipro is seen up ~2%. Cyient has lead the way, almost up 7%, while Mindtree and Hexaware were up ~3% each.
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