Shares of select public sector undertaking (PSU) banks were trading higher by up to 7% on the BSE on hopes of central government’s bank recapitalisation announcement.
Bank of Maharashtra, Central Bank of India, United Bank of India, Uco Bank, Corporation Bank and Dena Bank were up in the range of 2% to 7% on the National Stock Exchange (NSE).
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Shares of Dr Reddy’s Laboratories have gained 6.5% to Rs 2,559 on the BSE in intra-day trade so far after the company reported a good operational performance in September quarter (Q2FY19), on account of lower R&D, higher other income, financial income, and lower tax.
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Shares of cement companies are under pressure falling by up to 8% on the BSE in intra-day trade after ACC reported lower-than-expected operating performance for the quarter ended September 2018.
ACC, UltraTech Cement and Ambuja Cement were down 3% to 8%, while Dalmia Bharat and Shree Cement hit their respective 52-week lows on the BSE. The S&P BSE Sensex was trading 0.89% lower at 34,469 points at 10:19 am.
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Shares of South Indian Bank shot up by 15.5% in early morning trade on Tuesday even as the company missed street estimates. The bank posted an NII of Rs506.50cr, up 0.65% yoy and 2.48% qoq.
The bank has reported net profit below consensus estimates. The reported PAT stood at Rs70cr in Q2FY19, against a profit of Rs4.3cr in the corresponding quarter last year.
The yoy growth in PAT was due to lower provisions, which has declined ~55% to Rs205cr.
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Shares of Tata Motors hit a six-year low of Rs 201 per share, down 5% on the BSE in early morning trade on Tuesday, after the company-owned Jaguar Land Rover (JLR) on Monday, reported a 12.3% year on year (YoY) decline in global sales at 57,114 units in September, hit by lower demand in China. The stock was trading at its lowest level since July 26, 2012, on the BSE.
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The company has also signed an agreement with Speedo to market its swimwear products in India. Page Industries Ltd is currently trading at Rs25,719.10 up by Rs1042.95 or 4.23% from its previous closing of Rs24,676.15 on the BSE after its license agreement with Jockey International Inc., has been extended till December 31, 2040. Earlier, it had exclusive licenses for India, Sri Lanka, Bangladesh, Nepal and the UAE markets till CY30. Recently, Page has also signed an agreement with Speedo to market its swimwear products in India.
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The stock was up 25 to Rs 281, trading at its highest level since February 16, 2018. Shares of State Bank of India (SBI) hit an over three-month high of Rs 281 per share, up 2% on the BSE, extending their 2% gain in past two days, after a media report suggested that the country's largest lender is looking at recovering more than Rs 400 billion of its stressed assets in the current fiscal.
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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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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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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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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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The stock hit a new high of Rs 2,405, zoomed 1403% in past five years from Rs 160 against 76% surge in the S&P BSE Sensex. Shares of V-Mart Retail hit a new high of Rs 2,405 per share, up 5% in intra-day trade on Wednesday, extending its previous day’s 8% surge on the BSE in otherwise weak market. V-Mart primarily operate in Tier-II and Tier-III cities with a chain of value retail departmental stores offering apparels general merchandise and kirana catering to the entire family. Based in New Delhi its operations are spread across northern western and eastern parts of India.
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बाजार की आगे की चाल और दिशा पर बात करते है कि मई का महीना बाजार के लिए काफी अच्छा रहने वाला है। सही स्टॉक चुनकर पैसे लगाएं। कर्नाटक इलेक्शन की वजह से 15 मई तक बाजार थोड़ा अटकेगा लेकिन जून में बाजार न्यू हाई लगाएगा। मई के महीनें में बाजार में उतार-चढ़ाव रहेगा लेकिन जून में निफ्टी 11000 के पार का स्तर दिखाएगा। एचडीएफसी, एचडीएफसी बैंक, मारुति, रिलायंस, एचयूएल और टीसीएस संजीव भसीन के पसंदीदा शेयर है। एनबीएफसी सेक्टर में चोला मंडलम और श्रीराम ट्रासपोर्ट संजीव भसीन के टॉप पिक्स हैं। एचडीएफसी, एचडीएफसी बैंक में किसी भी गिरावट में खरीदारी की जानी चाहिए। आईटी सेक्टर पर बात करते हुए संजीव भसीन ने कहा कि एचसीएल टेक बेहतर परफॉर्म करता नजर आ रहा है। इस तिमाही कंपनी के नतीजे बेहतर आने की उम्मीद है। लिहाजा इसमें गिरावट पर खरीदारी करने की सलाह दी है।
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