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story : StockMarketNEWS Daily Updates Among the sectors, the midcap index gained more than a percent

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Among the sectors, the midcap index gained more than a percent, while it and pharma sectors ended in the red.

HPCL share price gains after Q1 profit jumps to Rs 2,814 crore
At rs 37,721 crore, revenue from operations for the june quarter fell by 43 percent compared to rs 66,154.9 crore in the march quarter.

DLF share price gains post Q1 result; Citi maintains sell rating
Morgan stanley has maintained overweight rating with target at rs 211.

Vodafone Idea share price dips 7% on weak Q1 result; CLSA retains underperform
Clsa has cut fy21-22 forecasts by 1-5 percent.

Deepak Nitrite share price down 4% after Q1 profit falls 40%
Deepak Nitrite share price down 4% after Q1 profit falls 40%
The company reported quarterly net profit at rs. 63.61 crore in june 2020 down 40.71 percent from rs. 107.28 crore in june 2019. ebitda stood at rs 102.47
crore in june 2020 down 45.54 percent from rs. 188.17 crore in june 2019.

Pidilite Industries shares climb 2% despite the company reporting a 95% fall in Q1 profit
The company said q1 performance was significantly impacted by continued lockdowns due to the coronavirus pandemic.

Lupin shares fall 6% after Q1 net profit falls 60% YoY fall
Lupin#39;s q1fy21 net profit from continuing operations stood at rs 106.9 crore against rs 264.7 crore in q1fy20, the company said on august 6.



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story : StockMarketNEWS Daily Updates Among sectors, it, metal, pharma and fmcg gained more than 1 percent. bse midcap and smallcap indices rose

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Among sectors, it, metal, pharma and fmcg gained more than 1 percent. bse midcap and smallcap indices rose 0.7 percent and 1 percent, respectively.

Banks, auto stocks trade flat after RBI MPC keeps interest rates unchanged; realty stocks gain
Mpc expects inflation to stay elevated in q2fy21 but is of the view that is it likely to ease in h2 aided by favourable base effects, said rbi governor
shaktikanta das.

Birlasoft shares surge 12% to hit 52-week high after strong Q1 show
Revenue from operations grew 17.7 percent to rs 914.6 crore in the period under review from rs 777.2 crore in the year-ago period.


Solara Active: Strong execution, but valuations fair
Among the risk factors to track for solara active are elevated pledge percentage for promoters which is 51 percent of their shareholdings

JK Lakshmi Cem Standalone June 2020 Net Sales at Rs 825.15 crore, down 20.8% Y-o-Y


Increase in LTV ratio negative for gold loan financing firms, but good for banks: Experts
Muthoot finance and manappuram finance get maximum business through gold loans only.



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story : StockMarketNEWS Daily Updates Metal, auto, infra and it sectors ended higher

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Metal, auto, infra and it sectors ended higher, while selling was witnessed in the energy and pharma space. bse midcap and smallcap indices ended higher.

Tata Consumer share price hits 52-week high as Q1 PAT jumps 81%
Revenue from operations was up 13.44 percent to rs 2,713.91 crore during the quarter under review as against rs 2,392.36 crore in the corresponding period
of the last fiscal.

SAIL share price gains on 50% jump in July sales
The company said its total sales grew by about 50 percent on year to 15.83 lakh tonnes during july 2020. the company had registered sale of 10.59 lt steel
during the same month last year, it said.

Sun Pharma Advanced share price jumps 8% after Q1 profit rises to Rs 56 crore
The company#39;s revenue from operations for the quarter under review came in at rs 185.45 crore, a growth of 970.73 percent yoy from rs 17.32 crore reported in q1fy20.

Axis Bank shares jump 4% as bank#39;s QIP opens for bidding
The board of the bank had last month approved the rs 15,000 crore fundraise plan. the qip was okayed by shareholders at the annual general meeting held
on july 31, 2020, the bank said.

Bandhan Bank share price gains after FIIs increase stake; analysts recommend buy
Morgan stanley asia singapore, camas investments, caladium investment, copthall mauritius investment, societe generale and credit suisse singapore are among the fiis that bought shares of bandhan bank, data on the bse showed.

PI industries shares hit 52-week high on better Q1 results; Angel Broking maintains positive view
Remain positive on the future prospects of the company and pi industries remains one of our top picks in the chemical space, says jyoti roy, dvp- equity strategist, angel broking.



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story : StockMarketNEWS Daily Updates Except it, all other sectoral indices ended in the green

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Except it, all other sectoral indices ended in the green. bse midcap and smallcap indices rose 1 percent each.

Steel Strips Wheels gains 3% on export order from US
The company achieved july 2020 total wheel rim sales of 9.25 lakh versus 12.59 lakh in july 2019 representing a de-growth of 27 percent yoy.

HDFC Bank share price gains nearly 6% on approval of new CEO
Jagdishan will replace outgoing ceo aditya puri, whose term ends on october 26.

Essel Propack shares surge 12%, hits 52-week high after management#39;s positive outlook
Revenue from operations climbed 17.72 percent to rs 741.49 crore, as against rs 629.83 crore in the corresponding quarter of the previous fiscal while
total expenses were at rs 669.04 crore compared to rs 591.77 crore earlier, up 13.05 percent.

Alkem Labs shares hit fresh all-time high; ICICI Direct sees more upside
As of august 3 close, the stock is up 39 percent on bse in the calendar year 2020 so far, against a 10 percent fall in the benchmark sensex.



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story : StockMarketNEWS Daily Updates Among sectors, except metal other indices ended in the red

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Among sectors, except metal other indices ended in the red. bse midcap index ended 0.3 percent lower, while smallcap index gained 1 percent.
Banking stock under pressure; Kotak, IndusInd Bank top index losers; Bandhan Bank tumbles 11%
Kotak mahindra bank and indusind bank shed 3 percent followed by rbl bank, hdfc bank, federal bank and axis bank.

IOC share price dips 3% as CLSA reiterates sell
The share price has declined 40 percent in the past nine months.

Wockhardt shares hit 10% upper circuit on COVID vaccines tie-up with UK govt
The company will fill-finish covid-19 vaccines at cp pharmaceuticals, a subsidiary of wockhardt in wrexham, north wales.



SBI share price gains on Q1 profit; CLSA, Nomura, Kotak recommend buy
Asset quality improved significantly in the quarter ended june 2020, with gross non-performing assets (npa) as a percentage of gross advances falling 71
bps qoq to 5.44 percent and net npa declining 37 bps qoq to 1.86 percent.


HCL Tech share price at 52-week high on reports of Ericsson deal win
The company has not said anything, so far, and the bse has sought clarification from the company on media reports.



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story : StockMarketNEWS Daily Updates On the sectoral front, pharma index outperformed the other indices with fmcg, it and metal ended in the green

@StockMarketNEWS 7 Days ago Report

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On the sectoral front, pharma index outperformed the other indices with fmcg, it and metal ended in the green, while selling witnessed in the energy, auto
and infra sectors.
Torrent Pharma share price rallies after Q1 profit jumps 48percent
Consolidated revenue from operations of the company stood at rs 2,056 crore for the june quarter.

HDFC share price dips nearly 3% post Q1 results; brokerages maintain #39 ;outperform#39;
The company#39;s revenue came at rs 13,017.7 crore in q1fy21 against rs 12,990.3 crore in the corresponding quarter last year.

SBI share price gains 2% ahead of June quarter results; brokerages see improvement in asset quality
The growth in net interest income could be around 10 percent year-on-year for the quarter, with loan growth at around 7 percent and stable net interest
margin for the quarter.

Dabur India share price up 3% after Q1 numbers, Kotak expects further upside
Revenue from operations for the quarter stood at rs 1,980 crore, down 12.9 percent from the year-ago period.

Jet Airways acquiring six Boeing aircraft, share price up 4%
Jet airways acquired the six aircraft and their engines against a lump sum of ,000,000, which it raised from the sale of its office building in the bandra-kurla complex business area of mumbai.

Sun Pharma share price hits 52-week high post June quarter earnings
Net profit before one-time loss stood at rs 1,449.4 crore, which grew by 4.5 percent on year-on-year basis.



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story : StockMarketNEWS Daily Updates Except pharma and it, all other sectoral indices ended in the red. Bse sensex slipped 335 points,

@StockMarketNEWS 8 Days ago Report

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Except pharma and it, all other sectoral indices ended in the red. bse midcap and smallcap indices also ended marginally lower.

Bse sensex slipped 335 points, to settle at 37736 levels. indusind bank down over 5percent ended as the biggest loser on the index

SBI shares fall 2% ahead of its June quarter results
Brokerages expect improvement in asset quality on sequential basis with lower slippages than q4fy20, while provisions could see increase on yoy basis due to covid-19 but sequentially provisions could be lower.

India gold demand drops 70% in Q2 to hit 11-year low on price, Covid impact
World gold council data shows demand dropped to 63.7 tonnes in the april-june quarter this year. back in 2009, demand had plunged to as low as 40 tonnes following lehmann crisis
Gold price jumps to Rs 52,700 per 10 gm, silver at Rs 66,050 a kg

Profit-booking in RIL drags markets lower after eight days of gains
Stocks to watch: RIL, HDFC, Bharti Airtel, IndiGo, Dabur India, TVS Motor


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story : StockMarketNEWS Daily Updates Auto, energy, infra and it indices ended lower, while buying witnessed in the pharma, metal and fmcg sectors.

@StockMarketNEWS 9 Days ago Report

Posted in: #StockMarketNEWS

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Mixed trend seen on the sectoral front with auto, energy, infra and it indices ended lower, while buying witnessed in the pharma, metal and fmcg sectors.
IT stocks under pressure; HCL Tech down 2percent; Infosys, TCS, Tech Mahindra slip
Among the sectors, the it index was down a percent dragged by hcl technologies which shed 2 percent followed by infosys, tata consultancy services and tech mahindra.

Dr Reddy#39;s share price hits 52-week high on Q1 numbers
Revenue from operations during the june quarter stood at rs 4,418 crore, up 15 percent yoy.



Jet Airways share price locked in lower circuit on disappointing FY19 results
There were pending sell orders of 90,255 shares, with no buyers available.

IDBI Bank share price hits upper circuit on Q1 profit of Rs 144 crore
The private sector bank posted a net loss of rs 3,800.84 crore for april-june 2019-20. in the preceding march quarter, the bank logged a profit of rs 135.39
crore.


UltraTech Cement shares gain after CLSA upgrades stock to buy; Citi, Credit Suisse retains outperform rating
Clsa has upgraded the stock to buy from outperform with target of rs 5000 per share. citi has maintained a buy on the stock with target of rs 5000 per
share while credit suisse has also maintained its outperform call on the stock with target of rs 4,800 pe

Tata Coffee share price up 12% on impressive Q1 numbers
The consolidated income of the company for the june quarter was at rs 592 crore compared to rs 472 crore in the year-ago period.

RBL Bank shares volatile after Q1 earnings; Motial Oswal, Kotak say buy
Rbl bank#39;s management has guided muted business trends over the next two quarters with a higher focus remaining on garnering deposits and improving
collections.



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story : StockMarketNEWS Daily Updates Mm financial services, wirpo, marico among 10 stocks, Wipro share price rises 2% on collaboration with Google Cloud

@StockMarketNEWS 10 Days ago Report

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Mm financial services, wirpo, marico among 10 stocks that were in focus on tuesday:
Wipro share price rises 2% on collaboration with Google Cloud
Wipro will leverage the advanced intelligent erp from sap along with the flexibility and scalability of the gcp for hosting sap workloads.


Tech Mahindra share price rises 5% post Q1 result; JPMorgan, CLSA raise target
Clsa has maintained buy rating on the stock and raised target price to rs 700 from rs 570.

NBCC share price gains after bagging Rs 204-crore orders in Seychelles
The company has bagged orders for the construction of police headquarter and attorney generalâ??s office in seychelles.

Infibeam Avenues shares hit new 52-week high after Ravi Agrawal buys over 34 lakh shares
Agrawal has bought 34,68,572 equity shares in infibeam at rs 74.85 per share, the bulk deals data available on the national stock exchange showed.

MM Financial rights issue opens today; shares jump 4%
The company will issue 61.78 crore equity shares of face value of rs 2 each (equity shares) at a price of rs 50 per equity share aggregating to rs 3,088.82
crore on a rights basis, a company release said.

Havells shares fall 3%; CLSA downgrades to sell, Jefferies says buy
The company#39;s consolidated net profit came at rs 63.98 crore for the june quarter of fy21, down 63.87 percent from rs 177.09 crore in the corresponding
quarter of the previous financial year.




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story : StockMarketNEWS Daily Updates Among sectors, it and metal indices ended in the green, while banks, pharma, auto and fmcg remained under pressure.

@StockMarketNEWS 11 Days ago Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Among sectors, it and metal indices ended in the green, while banks, pharma, auto and fmcg remained under pressure. bse midcap and smallcap indices fell
1percent each.
Banks take a beating after RBI Financial Stability Report; ICICI Bank, HDFC Bank, Yes Bank fall the most
Bank nifty shed over 2 percent dragged by icici bank which was down over 4 percent followed by hdfc bank, axis bank, bandhan bank, federal bank and idfc
first bank.

AU Small Finance Bank shares fall 2%; brokerages express mixed views on road ahead
The bank, on july 23, reported a 6 percent rise in its net profit at rs 201 crore in the april-june quarter of the current fiscal year.

Biocon share price falls 3% after Health Ministry gives a pass to its COVID-19 drug
A majority of the members of the task force opined that there was not enough evidence currently to get the drug included in the clinical management protocols
for covid-19, sources said.


HDFC Bank share price falls 2% after Aditya Puri sells 74.2 lakh shares
Aditya puri has sold 7.42 million shares or 0.13 percent stake, the bank said. post this transaction, puri holds 3.76 lakh shares of the bank or 0.01 percent.

ICICI Bank share price slips 2% post Q1 numbers; brokerages maintain buy call
Domestic loan book grew by 10 percent in june quarter with retail loan portfolio growth at 11 percent.

ITC share price falls after Q1 profit falls 26% YoY to Rs 2,342 crore
Revenue from cigarettes stood at rs 3,853.79 crore in q1fy21, down 29 percent against rs 5,433.40 crore reported in q1fy20. cigarettes ebit fell 38.8 percent
to rs 2,356.4 crore against rs 3,849.1 crore yoy.



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story : StockMarketNEWS Daily Updates Stocks to watch: RIL, Asian Paints, ITC, Biocon, Wipro, Mphasis, Lupin

@StockMarketNEWS 14 Days ago Report

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On a weekly basis, sensex rallied 3 per cent while nifty gained 2.68 percent. Stocks to watch: RIL, Asian Paints, ITC, Biocon, Wipro, Mphasis, Lupin

Economic recovery in India hinges on moratorium duration: Chris Wood
Wood suggests that moratorium could trigger a consumer lending non-performing loans (npl) cycle


Iron, steel sold to China arrest plunge in engineering exports in June
Shipments to china rose by over 1,400 per cent to 4 mn in june from just mn in the same month last year

US-China trade war: India sees bright future for gems and jewellery trade
For usa, hong kong and china are the fourth largest destinations for importing gems and jewellery after india, france and italy

LIC public offer: Citi, Deloitte among eleven in the race for advisor role
Presentations made on video conference to government; ipo pegged at rs 1 trillion by some

RIL surges 5% to hit fresh record high; market-cap crosses Rs 14 trillion
According to reports, amazon.com inc is in talks to buy a 9.9 per cent stake in the company's retail arm.


Syngene International rallies 13% in two days; stock nears record high
Icici securities expects syngene's revenues to be back on track as the company is currently operating at 90 per cent capacity.

INEOS Styrolution tanks 20% as promoter rejects delisting discovery price
The promoter rejected the discovered price of rs 1,100 for the proposed voluntarily delisting of shares

Asian Paints shares slip 2% ahead of Q1FY21 result; here's what to expect
June performed better than may as things began to normalise; however production levels are back to only 60-70 per cent, analysts note.


Sun Pharma up 4% as US arm's Taro Pharma resolves antitrust investigation
Taro pharma has reached a settlement agreement with the us department of justice, antitrust and civil divisions to pay more than 0 million to settle the generic drug price fixing allegations




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story : StockMarketNEWS Daily Updates Among sectors, except it other indices ended in the green.

@StockMarketNEWS 15 Days ago Report

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Among sectors, except it other indices ended in the green. bse midcap and smallcap indices also ended higher.

LT share price falls on Q1 numbers; CLSA cuts target
Clsa has maintained buy rating and cut target to rs 1,280 from rs 1,290 per share.

ICICI Securities share price gains after June quarter profit jumps 70%
Icici securities#39; revenues surged 36 percent to rs 546 crore in the june quarter from rs 402 crore in the same period of the last financial year.

Vodafone Idea shares gain 2% after SC dismisses IT dept plea against refund
The supreme court dismissed a plea filed by the income tax department that challenged a bombay high court order directing it to refund rs 833 crore to
the company.

SpiceJet to operate flights to US, share price up 2%
Spicejet has reportedly kick-started plans to wet-lease long haul planes for the united kingdom and europe, as air travel in these regions resume.

Hindustan Zinc share price jumps 7%, brokerages mixed on road ahead
The vedanta group company, on july 21, reported a 23 percent year-on-year decline in net profit at rs 1,359 crore for the quarter ended june 30.



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story : StockMarketNEWS Daily Updates Among the sectors, auto, it and psu banks dragged the most

@StockMarketNEWS 16 Days ago Report

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Among the sectors, auto, it and psu banks dragged the most. the bse midcap index ended in the green while the smallcap index closed in the red.
Stocks to watch: L&T, HUL, Axis Bank, Bajaj Auto, IndiaMART, Polycab India

Axis Bank gains 8% on better-than-expected June quarter earnings
In q1fy21, the bank's gross non-performing assets (gnpa) were at 4.72 per cent, compared to 5.25 per cent in the year ago quarter and 4.86 per cent in
the fourth quarter.

M&M Financial jumps 10% as stock turns ex-date today for 1:1 rights issue
The board on saturday, july 18, approved a 1:1 rights issue at rs 50 per share, amounting to rs 3,089 crore.

RIL hits Rs 2000 mark; Muthoot Finance, Laurus Labs hit record high
Ril hit a fresh record high of rs 2,000 mark, up 1.4 per cent in intra-day trade today.

Make gradual entry in mkts, understand risks: Sebi chief to small investors
They should start by investing in government securities and later move on to other products, he says

Bajaj Auto Q1 profit tanks 53% YoY to Rs 528 cr, EBITDA margin dips to 14%
The pune-headquarted company's profit before tax (pbt) came in at rs 681.67 crore compared with rs 1,578.78 crore pbt logged in q1fy20

Matrimony.com freezes at 20% upper circuit for second straight day
Foreign portfolio investors (fpis) increased stake in matrimony.com to 14.74 per cent in the june quarter from 12.51 per cent in the previous quarter.

Markets nudge higher but fund managers have task cut out in assessing firms
'disconnect between market and macro reality' makes all estimates about companies a risky business, say analysts.



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story : StockMarketNEWS Daily Updates Oil gas stocks gain led by BPCL

@StockMarketNEWS 17 Days ago Report

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Oil gas stocks gain led by BPCL; RIL, IOC, HPCL, ONGC add 2percent each
Bpcl shares surged over 7 percent followed by reliance industries, indian oil corporation and hindustan petroleum corporation which added over 2 percent
each.
Mixed trend witnessed on the sectoral front with auto, bank, energy, metal and infra sectors ended in the green, while pharma and fmcg stocks remained
under pressure.

Vodafone Idea share price down nearly 9% after AGR hearing; CLSA downgrades, cuts target
Clsa has raised vodafone idea agr risk estimate to rs 12.40 per share.

Bank of Maharashtra, BOI, IOB share prices rally 5-14% on reports of banking industry overhaul
Bank The government plans to reduce the number of state-owned banks to five from 12.

ACC share price gains 7% post Q2 numbers; CLSA, Jefferies raise target
Total revenue from operations was down 37.29 percent to rs 2,602.24 crore during the quarter ended june 2020.

Majesco share price hits upper circuit on board#39;s nod to sell US subsidiary
The nasdaq-listed arm of the it company will be sold at .1 apiece, a premium of around 74 percent to its closing price on july 17.



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story : StockMarketNEWS Daily Updates Among sectors, except pharma other indices ended in the green

@StockMarketNEWS 18 Days ago Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Among sectors, except pharma other indices ended in the green. bse midcap and smallcap indices ended with 1percent gain.

Telecom stocks end in the green after SC hearing on AGR case; RCom, Tata Teleservices jump 4percent each
Reliance communications and tata teleservices jumped over 4 percent while bharti airtel and vodafone idea added a percent each.

Britannia share price jumps 5%; CLSA, Phillip Capital, Kotak raise target price
Kotak institutional equities has upgraded the stock to an #39 ;add#39; from #39;reduce#39;, raising the target price by 25.8 percent to rs 4,150 from rs
3,300 earlier.

HCL Tech shares climb 4%; CLSA maintains buy call, raises target price by 14%
Clsa maintained a #39;buy#39; call on the stock and raised the target price by 13.85 percent to rs 740 from rs 650.

Rights issue bandwagon: MM Financial, PVR, Shriram Transport ABFRL gain
A rights issue is a mechanism for listed firms to raise additional capital by inviting existing shareholders to buy new shares proportionate to their existing
holding at a discount to the prevailing market price.



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story : StockMarketNEWS Daily Updates Except it, all other sectoral indices ended in the green

@StockMarketNEWS 21 Days ago Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Except it, all other sectoral indices ended in the green. bse midcap and smallcap indices gained over 1 percent each.
Metal stocks shine led by Hindustan Copper; Tata Steel, JSW Steel, SAIL gain 3percent each
Hindustan copper jumped over 7percent followed by jsw steel, sail, tata steel and moil which gained 3percent each.

Granules India shares hit new high after Q1 profit jumps 34%
The company#39;s consolidated net profit rose 34 percent to rs 111.4 crore against rs 83.2 crore yoy. its consolidated revenue went up 23.6 percent at
rs 735.6 crore against rs 595.3 crore yoy.

Tata Steel, Tata Motors rise, TCS in the red ahead of board meeting
Tata sons board is set to meet again on july 17 to take the assessment and review of the covid-19 situation forward, sources told cnbc-tv18.



Cadila Health shares gain as Zydus drug receives nod to conduct clinical trials to treat COVID-19
Zydus received approval from cofepris to conduct clinical trials in mexico with pegylated interferon alpha-2b to treat novel coronavirus.

Godrej Consumer share price climbs 2% after CLSA maintains outperform call
While covid-19 provides an opportunity for a turnaround, the company needs better execution for it, the brokerage has said.

LT Tech shares tumble after Q1 profit falls 42%
Lt technology reported 42.5 percent fall in consolidated net profit at rs 117.3 crore for the first quarter ended june 30, 2020, as against rs 203.9 crore
in the same period last year.



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story : StockMarketNEWS Daily Updates IT index outperforms; Infosys jumps 12 percent

@StockMarketNEWS 22 Days ago Report

Posted in: #StockMarketNEWS

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IT index outperforms; Infosys jumps 12%; TCS, Mphasis gain, LT Infotech hits all-time high
Among the sectors, the it index jumped 5 percent led by heavyweight infosys which surged 12 percent followed by lt infotech, mphasis and tcs.

Infosys Consolidated June 2020 Net Sales at Rs 23,665.00 crore, up 8.54% Y-o-Y
Guj Hotels Standalone June 2020 Net Sales at Rs 0.15 crore, down 83.61% Y-o-Y
GTPL Hathway Standalone June 2020 Net Sales at Rs 345.81 crore, up 10.82% Y-o-Y


Federal Bank share price jump 4% after June quarter results; Citi initiates buy
The lender#39;s interest income rose to rs 3,444.15 crore in the june quarter compared with rs 3,229.30 crore a year ago.

LT Infotech share price jumps 4% after 17% jump in Q1 net profit
Consolidated revenue from operations saw an 18.7 percent yoy jump to rs 2,949.20 crore; sequentially, it was down 2.1 percent.

Titagarh Wagons shares up 3% after Matiere S.A.S becomes 100% wholly-owned subsidiary
The shareholding of the company in mtbpl has changed from 50 percent to 100 percent and thus mtbpl has become a wholly-owned subsidiary of the company
w.e.f. july 14, 2020, the company said.



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story : StockMarketNEWS Daily Updates Among sectors, energy, infra and psu bank ended lower

@StockMarketNEWS 23 Days ago Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Among sectors, energy, infra and psu bank ended lower, while buying was witnessed in the it, pharma, fmcg and auto space.
Bharti Airtel, Vodafone Idea plunge 4-7 percent after Jio partners with Google, readies with 5G
Another reason for correction in telecom stocks could be that reliance is ready to launch made in india 5g solutions for trial once spectrum is auctioned.


Mindtree share price rises post Q1 numbers; Citi maintains sell
Research house citi has maintained sell rating with a target at rs 840.

Yes Bank shares jump 3% on raising Rs 4,098 cr from anchor investors
The private sector lender has garnered rs 4,098 crore from anchor investors on july 14. all 12 anchor investors placed their bids for 3,41,53,84,614 equity
shares at the lower end of price band of rs 12-13 per share.

Infosys shares jump 7% ahead of Q1 result; management commentary key things to watch out for
Brokerages expect around 20-30 bps cross-currency headwind on dollar revenue growth, which could be down around 5.3-5.5 percent compared to the march quarter.
it may see its profit dip 10-11 percent qoq, partly due to lower other income.

LT Infotech shares snap 9-day winning streak; what#39;s the road ahead?
Lti has been growing significantly faster than both mid and large-cap peers over the past few years on the back of strong deal wins.

Steel Strip Wheels share price rises 4% on export orders
The company has received new orders for mobile home market from usa.

Dr Lal PathLabs shares extend gains into 3rd day; analysts positive on firm#39;s long term story
Despite the turmoil caused by covid-19, the stock has been gaining significantly in the calendar year 2020 so far. the stock has gained 27 percent as of
july 14 close on bse against a 13 percent fall in benchmark sensex.

RIL 43rd AGM: Retail stocks under pressure as Reliance expands JioMart
Jiomart to expand into electronics, pharma, fashion and healthcare. ril will induct global partners, investors into reliance retail, says chairman mukesh
ambani.


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story : StockMarketNEWS Daily Updates Bank, financial stocks tumble

@StockMarketNEWS 24 Days ago Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Bank, financial stocks tumble; RBL Bank, IndusInd Bank shed 4-5 percent each, SBI, BOB slip
Bank nifty shed 2 percent dragged by rbl bank which shed over 5 percent followed by bank of baroda, indusind bank and bandhan bank which were down over 3 percent each.

Except pharma, all other sectoral indices ended in the red, while bse midcap and smallcap indices ended 1 percent lower.

Wipro Q1 Preview: Profit, revenue may fall; commentary on margin key monitorable
While the numbers are expected to show the pressure of coronavirus pandemic, investors will focus on the commentary on margin and the road ahead of the
company.

5paisa Capita Standalone June 2020 Net Sales at Rs 42.33 crore, up 85.12% Y-o-Y

Mindtree Q1 profit rises 3.3% to Rs 213 crore, dollar revenue falls 9%
Mindtree added six new clients in the quarter, taking the client count to 292 as of june 30, while its order book stood at 1 million.


Cipla share price rises on USFDA nod; surges 45% in 9 months
Ciplaâ??s icatibant injectable pre-filled syringe 30mg/3ml is ap-rated generic version of shireâ??s firazyr.

HDFC Bank probes auto loan practices; stock down 2%
The allegations pertain largely to the professional conduct which raises issues about possible conflicts of interest, sources said, stressing the quality
of the bank#39;s auto loan book is strong.

Citi downgrades BHEL to sell; stock down 9%
The share price added 79 percent in the last 3 months.


Biocon to launch COVID-19 drug; stock jumps 5%
Biocon said the approval of itolizumab, from the dcgi, is based on the results from the successful conclusion of a randomized, controlled clinical trial
at multiple hospitals in mumbai and new delhi.

BF Utilities shares hit upper circuit after Radhakishan Damani buys 1.3% stake
Ace investor and billionaire radhakishan damani acquired 4.91 lakh equity shares, in kalyani group company bf utilities during the quarter-ended june 30.

Eveready Industries share price jumps 10% on reports of Dabur promoters picking stake
Bse has sought clarification from eveready industries on the burmans picking up an 8.8 percent stake in the company.



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story : StockMarketNEWS Daily Updates Except banks, other sectoral indices ended in the green

@StockMarketNEWS 25 Days ago Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Except banks, other sectoral indices ended in the green. bse midcap and smallcap indices ended flat.

RIL hits record high as Qualcomm invests Rs 730 crore in Jio Platforms; m-cap crosses Rs 12 lakh crore
Ril is the first indian company to cross the rs 12 lakh crore market valuation mark.

Avenue Supermarts share price falls 6% on weak Q1 results
Credit suisse has maintained underperform rating with a target at rs 2,000 per share.

Yes Bank shares tumble 10% on reports of SEBI probe post FPO announcement
Investors borrowed 95,99,987 shares worth rs 5.9 crore for an interest rate of around rs 7 per share. investors borrowed these shares for a one-month period,
with settlement due on august 6.

CLSA retains underperform call on Tata Motors; shares up 2%
Clsa is of the view that jlr q1 wholesale volumes were higher than expected with jlr q1 global wholesales at 65,400 units against expectation of 54,500
units. it has increased q1 revenue forecast for jlr by 12 percent.

Jefferies#39; buy call lifts Bharat Forge share price by 6%; FPIs raise stake in June quarter
The company#39;s near-term visibility is weak but with the us truck orders recovering, the stock#39;s 3.1 times fy21e pb is attractive, the brokerage says.




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story : StockMarketNEWS Daily Updates PNB shares tumble 5% on Rs 3600 crore DHFL loan fraud of rs 3688 crore

@StockMarketNEWS 29 Days ago Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

PNB shares tumble 5% on Rs 3600 crore DHFL loan
A fraud of rs 3688 crore in the npa account of dewan housing finance is being reported by the bank to rbi, it has told exchanges.

Gujarat Ambuja Exports share price rises 5% on stock split plan

Yes Bank share price dips 4% as board approves FPO price band
The share price declined 72 percent in last one year.


TCS share price ends in green post Q1 numbers; CLSA raises target
Macquarie has downgraded the stock to neutral from outperform with a target at rs 1,900 per share.

Tata Motors share price inches up despite weak JLR sales
Jaguar sales during the quarter declined 52.5 percent yoy to 18,787 vehicles and land rover sales fell 37.9 percent to 55,280 vehicles.

The board will on july 25 consider a proposal for alteration in the capital clause of the memorandum of association for giving effect to the split of equity
shares of the company.

Rakesh Jhunjhunwala increases stake in Firstsource Solutions; shares jump 7%
Rakesh jhunjhunwala bought an additional 57 lakh shares in firstsource solutions during the quarter ended june 30.

Pharma stocks gain led by Sun Pharma, Biocon; Aurobindo Pharma hits new 52-week high
Cipla, dr reddy#39;s labs, divis labs and torrent pharma added 1-2 percent each.

Arvind Fashions share price falls 3% post Q1 earnings
Flipkart group has invested rs 260 crore to pick a minority stake in subsidiary arvind youth brands, the company has said.

Vodafone Idea share price ends 4% higher amid reports of capital constraints

As per sbicap securities, a default will make vodafone idea#39;s case weak in the supreme court, which has been worried about the company#39;s ability
to pay agr dues.



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story : StockMarketNEWS Daily Updates Except fmcg, other sectoral indices ended in the green. Metal stocks shine led by Hindalco, SAIL

@StockMarketNEWS 29 Days ago Report

Posted in: #StockMarketNEWS

StockMarketNEWS Daily Updates

Except fmcg, other sectoral indices ended in the green. bse midcap and smallcap ended with marginal gains.
Metal stocks shine led by Hindalco, SAIL; Tata Steel, Vedanta, JSPL rise 3percent
Hindalco industries, jindal steel power and steel authority of india jumped 4 percent each followed by tata steel, vedanta, nalco and hindustan copper.


Yes Bank share price jumps 5% on SBI#39;s investment plan
State bank of india will invest up to rs 1,760 crore in yes bank#39;s follow-on public offer (fpo), it has said in an exchange filing.

Strides Pharma share price gains on USFDA approval
The company has 124 cumulative anda filings with usfda, of which 87 have been approved and 37 are waiting approval.

ICICI Bank share price rises nearly 2% as board funding approval
The share touched its 52-week high rs 552.40 and 52-week low rs 269 on 30 december, 2019 and 24 march, 2020, respectively.

Tejas Networks share price hits 5% upper circuit after Kedia Securities buys stake
Kedia securities bought 7,53,925 equity shares in tejas at rs 49.13 per share, bulk deals data available on the national stock exchange shows.

Aurobindo Pharma share price at 52-week high on US FDA nod to blood pressure drug
The stock, which has surged 86 percent in the last three months, hitting a new high of rs 821.90.

Rural boost lifts Escorts share price to new high
The stock, which hit rs 1,125.50, is riding high on the rural economy, which has largely escaped the destruction caused by the coronavirus outbreak.

BASF India share price declines on tax-demand notice
The company is in the process of filing a reply to the said notice.

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story : StockMarketNEWS Daily Updates All sectoral indices except metal, healthcare and fmcg ended in the red

@StockMarketNEWS Wed 08 Jul, 2020 Report

Posted in: #StockMarketNEWS

StockMarketNEWS Daily Updates
All sectoral indices except metal, healthcare and fmcg ended in the red. sp bse metal was the biggest sectoral gainer, up almost 2percent.
Pharma index gained over a percent led by aurobindo pharma which gained over 3 percent followed by dr reddylabs and alkem labs which were up 2 percent
each.

IndusInd Bank shares surge 9% on talks of Route One increasing stake
Us-based hedge fund route one investment company had initiated talks to increase its stake in the hinduja group-backed lender, which is exploring multiple
options to strengthen its balance sheet and raise capital,

Kamat Hotels stock surges almost 40% in 2 days after Merlin Marketing acquires 3.5 lakh shares
Merlin marketing pvt has acquired 3.5 lakh equity shares of kamat hotels india (representing 1.48 percent of its total paid-up equity capital) at rs 34.76
per share.

Yes Bank share price falls 5% on fund-raising plan
The details of the offer will be shared after completing formalities with the registrar of companies, the private lender has said.

GMR Infra share price gains after closing stake-sale deal with Groupe ADP
Groupe adp infused rs 4,565 crore, the second tranche of investment, in gmr airports limited to conclude the deal to pick up a 49 percent stake in the
company.

Titan share rises on reopening of stores; Morgan Stanley remains underweight
For watches wearables business, the revenue in may and june months were at 5% and marginally over 20% compared to the corresponding months of the previous
year.

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story : StockMarketNEWS Daily Updates Among sectors, buying witnessed in the it and banking

@StockMarketNEWS Tue 07 Jul, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Among sectors, buying witnessed in the it and banking, while metal, energy, infra, pharma and fmcg ended lower. bse midcap and smallcap indices ended higher.

PVR share price falls after board approves rights issue
The board has fixed the rights issue price at rs 784 per equity share.

Camlin Fine Sciences shares jump 8% after Infinity Holdings buys stake
Infinity holdings bought 6,63,586 equity shares in camlin fine at rs 56 per share, bulk deals data on the national stock exchange showed.

DCW share price dips 9% on posting losses in Q4
In the last 3 months the share price advanced by 44 percent.

Mphasis share price gains 2% on deal with Royal Bank of Scotland
Mphasis will work with rbs to deliver advanced transformation to testing services through its testing centre for excellence.

Bajaj Finance underscores COVID pressure in Q1; brokerages see tough road ahead
The company said it may consider additional accelerated provisioning for covid-19 in q1fy21 as well to further strengthen its balance sheet.

Shriram Transport Finance sets rights issue price at Rs 570, stock climbs 4%
The company is going to raise up to rs 1,500 crore through its rights issue.

Suzlon Energy share price locked in lower circuit as losses widen in March quarter
There were pending sell orders of 10,062,618 shares, with no buyers available.

Bandhan Bank share price gains after deposit grow 35% YoY
Total advances grew 3 percent qoq and 18 percent yoy to rs74,325 crore in june, the private lender has said.

Gujarat Pipavav Port handled over 622 container trains during lockdown, stock up 13%
During lockdown, company handled 293 trains in april 2020 alone, the highest number of trains ever handled at the port in a single month.

Maruti Suzuki gains 2% on partnership with Axis Bank for easy finance solutions
Maruti is confident that this association with axis bank will help customers in offering convenient, affordable and cost-effective finance solution for
buying cars.


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story : StockMarketNEWS Daily Updates PSU stocks gain; ITI, Bharat Dynamics, Hindustan Aeronautics gain

@StockMarketNEWS Mon 06 Jul, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

PSU stocks gain; ITI, Bharat Dynamics, Hindustan Aeronautics hit 52-wk high
Hindustan copper, bhel, cochin shipyard and stc india from the s&p bse psu index were up in the range of 4 percent to 8 percent on the bse today

Delivery-based volumes in June at lowest level in 2020 amid market rally
In june, less than one-third (33 per cent) of the total traded quantity at the bourses was converted into delivery

Prism Johnson up 10% as board approves divestment of entire stake in RQBE
The company informed that the board has approved divestment of stake to "qorql private limited, a technology company with a majority shareholding of vijay
shekhar sharma.

TCS gains 9% in 4 days ahead of Q1 nos on Thursday; stock nears record high
The stock was up 3% at rs 2,269 and was just 1 per cent or rs 27 away from its all-time high level of rs 2,296, touched on september 3, 2019, in intra-day
trade.

Marico declines 4% on profit-booking post June quarter business update
The manufacturing of parachute & value-added hair oils was significantly impacted by lockdown with billing only resuming in the latter part of april.

Average spot power price drops 29% to 2.35/unit on India Energy Exchange
Average spot power price dropped 29 per cent year-on-year to 2.35 per unit in the day-ahead market in june on india energy exchange (iex)

Ril hit a fresh record high of rs 1,858 during the day before settling at rs 1,851.40, up over 3.5 per cent on the bse

Surat diamond polishing units shut till July 13; trading mkts till July 9
In another notification, pani said a textile making unit or textile market will be shut for seven days if one or more cases emerge from them

Closed-end AIFs extend fundraising cycles as pandemic hits sentiment
Some players approach sebi to seek-industry wide relief



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story : StockMarketNEWS Daily Updates Defence stocks gain amid border dispute with China

@StockMarketNEWS Fri 03 Jul, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Defence stocks gain amid border dispute with China; Bharat Dynamics, BEL, Apollo Micro rally
Share price of bharat dynamics surged over 10 percent with volumes spurting by almost 5 times while bharat electronics share price jumped over 6percent.

HDFC Life share price gains 8% on reports of Nifty50 inclusion
Hdfc life was added in the fo segment with effect from february 28.


RIL share price gains as Intel picks up stake in Jio
The deal with intel the 12th such investment in 11 weeks takes the total stake that reliance sold in jio platforms to 25percent.

Motherson Sumi share price declines 6% on demerger plan
Motherson The company board in its meeting held on july 2 approved demerger of dwh business of the company into new company.


PTC India Financial shares jump 3% after SBI clears Rs 300-crore loan
The money will be used to strengthen cash flow and for onward funding of sustainable infrastructure finance projects, the company said.

Auto stocks gain led by Tata Motors; CLSA retains outperform call on Motherson Sumi
Tata motors jumped over 3 percent followed by bajaj auto, eicher motors, tvs motor company and balkrishna industries.



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story : StockMarketNEWS Daily Updates Rail stocks gain after govt invites private players to operate trains

@StockMarketNEWS Thu 02 Jul, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Rail stocks gain after govt invites private players to operate trains
The ministry on july 1 invited qualification proposals from private entities to run trains over 109 pairs of routes by introducing 151 modern trains.

IT stocks gain led by Infosys; TCS, Wipro, NIIT Tech, Mindtree add 2percent each
Infosys jumped over 3 percent. the other gainers included niit tech, tata consultancy services, wipro and mindtree which gained 2 percent each.


Eveready Industries shares rise on 3-fold jump in Q4 profit
Eveready industries india ltd on july 1 reported over three-fold jump in its net profit at rs 179.57 crore for fy2019-20, compared to rs 47.26 crore in
the last fiscal.

Mahindra Mahindra share price gains 3% after tractor sales rise 10% in June
The company sold 36,544 tractors in the month against 33,094 units in the same period last year.

Dilip Buildcon share price jumps 4% after emerging as L-1 bidder for EPC project
The rs 4167.70 project is an epc contract for construction of bhadbhut barrage, flood protection embankments and associated works across river narmada
near village bhadbhut of bharuch district.

Axis Bank share price falls 3% after it plans fundraising of up to Rs 15,000 crore
On friday, june 26, sp global ratings lowered its ratings on axis bank due to increased economic risks for banks operating in india.



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story : StockMarketNEWS Daily Updates Banks gain led by BoB, Axis Bank; PNB, SBI add 2percent each Bank nifty added close to one percent

@StockMarketNEWS Wed 01 Jul, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Banks gain led by BoB, Axis Bank; PNB, SBI add 2percent each
Bank nifty added close to a percent led by axis bank which jumped over 3 percent followed by federal bank, bank of baroda, icici bank, idfc first bank,
indusind bank and rbl bank.

ONGC share price dips 4% on poor Q4 show; CLSA reiterates sell
Clsa has reiterated sell call on the stock with a target at rs 55 per share.

Vodafone Idea share fall 5% as losses widens in Q4
The company is planning to monetise its 11.15 percent stake in indus towers on completion of its merger with bharti infratel.

Bharti Airtel share rises after Carlyle eyes 25% stake in its data centre business
Carlyle group will make the investment in bharti airtel#39;s nxtra data at a valuation of .2 billion. bharti airtel will continue to hold the remaining
75 percent holding in nxtra data.

Escorts share price hits 52-week high on better Agri machinery sales
On export front, the tractor sales in june 2020 stood at 228 tractors against 312 tractors sold in june 2019.

Gayatri Projects share price hits 5% lower circuit on Rs 81 crore Q4 loss
For the full year, net loss of the company was reported to rs 58.11 crore in the year ended march 2020 as against net profit of rs 160.10 crore during
the previous year ended march 2019.

Glenmark Pharma share price tumbles 5% on price-fixing allegations in US
The charge was filed in us district court in philadelphia. the price-fixing conspiracy allegedly took place from 2013 to 2015 and caused a loss to victims
of at least 0 million, according to the department.



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story : StockMarketNEWS Daily Updates Tata Steel share price rises 3percent post Q4 earnings

@StockMarketNEWS Tue 30 Jun, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Tata Steel share price rises 3percent post Q4 earnings
Morgan stanley has maintained overweight call on the stock with a target at rs 405 per share.

Sobha share price rises 5% post Q4; here#39;s what brokerages say
Net profit in the fourth quarter of fy20 fell to rs 50.7 crore from rs 113.3 crore in the year-ago period.

Bharat Dynamics shares surge on 149% jump in net profit; board recommends dividend
The board of directors of the company have recommended a final dividend at rs 2.55 per share (face value of rs 10 each) for the year ended march 31, 2020.

Shilpa Medicare gains 5% on launch of generic drug for kidney cancer
The drug is used to treat patients suffering from advanced renal cell carcinoma (rcc).

Steel Strips Wheels shares jump 7% on new orders from US
The order comprises supplies of close to 14,000 steel wheels to be executed in the month of july and august from its chennai plant, the company said in
a filing to the exchanges.

HUDCO share price surges 26% in 2 days on stellar Q4 numbers
Hudco, on june 26, reported a whopping 86.6% yoy growth in consolidated profit at rs 440.9 crore for the quarter ended march 2020

Bharat Electronics shares surge 8% as Q4 profit jumps 74%
As per icici direct, a robust order book provides revenue visibility to the company over the medium-to-long term.

MRF share price climbs 2% on over two-fold surge in Q4 net profit
For 2019-20 fiscal, the company posted a consolidated net profit of rs 1,422.57 crore as against rs 1,130.61 crore in 2018-19, it added.



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story : StockMarketNEWS Daily Updates Among sectors, except fmcg, other indices ended in the red

@StockMarketNEWS Mon 29 Jun, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Among sectors, except fmcg, other indices ended in the red. bse midcap and smallcap indices lost over 1 percent each.

Despite a 70 % fall in Q4 profit, brokerages see a 65% upside in NTPC; Despite a weak show in fy20 and feeble prospects for fy21, ntpc#39;s earnings growth has strong visibility over the next two years as 11 gw of under-construction
coal-based capacities will likely be commissioned, say experts.

Andhra Paper share surges 17% after Radhakishan Damani buys stake
The share touched its 52-week high rs 451.50 and 52-week low rs 115. on 23 september 2019 and 25 march 2020, respectively.

Bharat Forge share price tumbles 7% on Q4 FY20 loss
The company reported net loss at rs 73.3 crore against profit of rs 299.5 crore yoy. revenue went down 47.2 percent at rs 881.1 crore against rs 1,668.6
crore yoy.

Welspun India shares locked in upper circuit after good Q4 earnings
Revenue from operations for the quarter rose 3.9 percent year-on-year to rs 1,617.3 crore.

Cipla shares gain 2% on partnership with a German firm for anti-diabetic drugs
The stock has rallied 72 percent in last three months as pharma sector has been in focus during covid-19 crisis

Laurus Labs falls over 4% on report of block deals worth Rs 673 crore
These block deals were worth rs 673.08 crore.

Ashok Leyland: Disappointing March quarter
Ashok leyland should be able to outperform its peers on the back of its strong product portfolio

HUDCO shares close at upper circuit after reporting stellar Q4 performance
Consolidated revenue from operations in q4fy20 grew by 28.1 percent to rs 1,888.5 crore compared to year-ago.



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story : StockMarketNEWS Daily Updates Oil gas stocks gain led by BPCL, IOC

@StockMarketNEWS Fri 26 Jun, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Oil gas stocks gain led by BPCL, IOC; ONGC, HPCL jump 3-4percent
IT stocks rally; NIIT Tech, Infosys jump 6-8percent, TCS, Wipro, HCL Tech gain
The stocks to gain the most included bpcl, hpcl and indian oil corporation which jumped 4-5 percent each followed by ongc which added 3 percent and gail
india which gained a percent.

Ashok Leyland share price gains 3% despite weak Q4 numbers
The fund raising committee has allotted 2,000 rated listed secured redeemable non-convertible debentures (ncds) on private placement basis.

PNC Infratech share price rises 16% on order win from NHAI
The company was the lowest bidder for the said project.

Apollo Hospitals gains as Q4 profit zooms 2-fold; Nomura retains buy
The company reported an over two-fold jump in consolidated net profit to rs 209.60 crore for q4

Endurance Tech share price gains as FY20 profit rises 19%
The company#39;s q4 net profit declined 34.85% to rs 71.85 crore as against rs 110.28 crore during the year-ago period

Camlin Fine Sciences share hits 10% upper circuit after board nod to Rs 180-crore fund-raise
The funds would be used to consolidate and acquire the entire stake of the company#39;s joint venture partners in mexico and china.

Sterling Wilson share price hits 5% upper circuit after US arm bags -million solar project
Sterling and wilson solar solutions inc has been awarded the contract to construct a 194 mw project in the us.

Indian overseas bank (iob) has restructured 19,043 msme accounts and treated msme accounts of rs 694.2 crore as standard till march 31, 2020.



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story : StockMarketNEWS Daily Updates Bank of India share price falls 5percent on Q4 loss

@StockMarketNEWS Thu 25 Jun, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Bank of India share price falls 5percent on Q4 loss
Net interest income in q4 fell 6percent to rs 3793 crore yoy, while the net interest margin (global) declined by 3 basis points to 2 percent yoy.



Canara Bank share price falls 5percent after reporting Q4 loss of Rs 3259 crore
Net interest income of canara bank declined 5.2 percent year-on-year to rs 3,318.52 crore in q4fy20.


Bharti Infratel shares fall 5% after Morgan Stanley remains underweight
Morgan stanley has maintained its underweight call on the stock with target at rs 175 per share. the firm is of the view that extension of long-stop date
for indus towers merger is not a surprise.

GAIL share price jumps 5% after strong jump in Q4 profit
Morgan stanley termed gails#39;s quarterly numbers as strong performance amid the weakening macro environment which led to a good beat on most parameters.

UBL shares slip 2% after Q4 net profit falls nearly 39%
Its revenue from operations was down 10.40 percent to rs 3,099.91 crore during the march 2020 quarter, against rs 3,459.73 crore in the corresponding period
of the previous financial year.

FMCG stocks gain led by ITC, Dabur; Colgate, Godrej Consumer rise
Sp bse fmcg added a percent with gains from future consumer which jumped 5 percent followed by sanwaria consumer, parag milk, prabhat dairy, dwarikesh
sugar, venky#39;s, dalmia bharat sugar, itc and bombay burmah trading.

IIFL Finance share price rises 10% after promoter raises stake
The share touched its 52-week high rs 212.80 and 52-week low rs 58.15 on 14 february, 2020 and 03 june, 2020, respectively.

IOB share price locked at 10% upper circuit on Q4 profit
There were pending buy orders of 794,200 shares, with no sellers available.



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story : StockMarketNEWS Daily Updates Auto stocks mixed; Tata Motors, Hero MotoCorp jump

@StockMarketNEWS Wed 24 Jun, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Auto stocks mixed; Tata Motors, Hero MotoCorp jump 4percent each; Maruti drags

Union Bank of India shares fall 5% on Q4 loss of Rs 2,503 crore
The stock price was the top bse midcap loser and was trading at at rs 34.15, down rs 1.80, or 5.01 percent.

Glenmark Pharma corrects 7% on profit booking
Prabhudas lilladher says 27 percent rally in the stock on june 22 was an "irrational exuberance" and would likely fizzle out.

Kirloskar Oil Engines gains after subsidiary Arka Fincap raises Rs 105 crore via NCDs
The ncds, listed on the bse, will have a tenure of three years, the company said in a statement.

Asian Paints share price up 3% on Q4 show; CLSA, Credit Suisse remain positive
Clsa has maintained an outperform call on the stock with target at rs 1,710 per share while credit suisse has also maintained an outperform call on the
stock with target at rs 1,850 per share.

Avenue Supermarts gains 3% as Morgan Stanley expects strong revenue CAGR going ahead
"we forecast it to turn free cash flow positive in fy24," morgan stanley said.

JMC Projects share price surges 16% after bagging orders worth Rs 938 crore
Jmc projects said it has secured orders worth rs 938 crore, which includes water supply projects in uttar pradesh totalling rs 841 crore and building project
in south india totalling rs 97 crore, the company said in a filing to the exchanges.



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story : StockMarketNEWS Daily Updates All the sectoral indices ended in the green

@StockMarketNEWS Tue 23 Jun, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

All the sectoral indices ended in the green. bse midcap and smallcap indices rose over one and a half percent each.

Infosys, HCL Tech, Wipro among IT stocks under pressure on banning of H-1B visa
The listed adrs of the infosys and tcs ended 0.11 percent and 1.52 percent lower respectively in the yesterday#39;s trading session on the wall street.

Skipper shares surge 18% after Q4 profit rises; Board recommends dividend
It was the top bse smallcap gainer which was trading with volumes of 29,016 shares, compared to its five day average of 17,260 shares, an increase of 68.11
percent.

Info Edge shares jump 5%, Board approves raising funds via QIP
The board of directors of info edge (india) approved raising of funds through issue of equity shares of face value of rs 10 each of the company by way of qualified institutions placement.

Metal stocks rise led by Welspun Corp, Hindalco; NALCO, JSW Steel gain
Share price of hindalco industries was one of the top nifty gainers while that of welspun corp touched upper circuit of rs 85.15 per share.

FMCG stocks gain led by HUL, Colgate; Dabur, Nestle, Marico up 1-2%
Fmcg stocks are buzzing led by hindustan unilever, colgate palmolive, dabur india, nestle india and tata consumer which added over 2 percent each.

Power Grid shares rise 3% on CLSA upgrade to buy
The board has recommended a final dividend of rs 4.04 per share for the financial year 2019-20.

LT share jumps 5% after construction arm bags order from NHAI
The transportation infrastructure business has secured an epc contract to construct packages 11 and 22 of the delhi vadodara expressway, which when completed will be the country#39;s longest expressway of nhai.

Bajaj Finance overtakes SBI in market value again, HSBC still expects 30% upside
The nbfc major has gained 712 percent since the start of 2016, to hit an all-time closing high of rs 4,880 on february 20, 2020.

Hold AIA Engineering; target of Rs 1705: ICICI Direct
Icici direct recommended hold rating on aia engineering with a target price of rs 1705 in its research report dated june 23, 2020.

Hold Shalby; target of Rs 70: ICICI Direct
Icici direct recommended hold rating on shalby with a target price of rs 70 in its research report dated june 22, 2020.

Buy Emmbi Industries; target of Rs 85: ICICI Direct
Icici direct is bullish on emmbi industries has recommended buy rating on the stock with a target price of rs 85 in its research report dated june 22,
2020.

Buy Thermax; target of Rs 865: YES Securities
Yes securities is bullish on thermax has recommended buy rating on the stock with a target price of rs 865 in its research report dated june 21, 2020.


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story : StockMarketNEWS Wipro, TCS and Infosys in the red on reports of H-1B visa ban

@StockMarketNEWS Mon 22 Jun, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Metals trade mixed; NMDC, Coal India rise 2-4 percent, Hindalco, JSPL drag

Wipro, TCS and Infosys in the red on reports of H-1B visa ban

Pharma stocks rally; Glenmark zooms 35percent, Cipla, Sun Pharma, Biocon gain

Media stocks rise led by DB Corp, Network18, Dish TV; Zee Ent up 3%

Banks rally led by RBL Bank, stock jumps 12%; Bandhan Bank, SBI, PNB rise


Cipla shares end almost 3% higher on regulator nod to manufacture remdesivir
Indias drug regulator gave permission to hetero and cipla to manufacture and market antiviral drug remdesivir for "restricted emergency use" on hospitalised covid-19 patients, official sources said.

ICICI Bank share price up 3% after divesting stake in Prudential Life
Icici bank has divested 1.50 percent stake in icici prudential life insurance company.

Glenmark shares end 27% higher after regulators nod for COVID-19 drug
The pharma company said that it has received indian regulatory approval to make and sell oral antiviral drug favipiravir for treating mild-to-moderate
covid-19 infections .

Indiabulls Housing hits upper circuit after Morgan Stanley buys stock in bulk deal
The stock surged over 160 percent in the last 3 months

Coal India eyes increasing coal output; share price jumps 3%
As per media reports, the company has identified a total of 15 greenfield projects to operate through mdo model of which 12 are open cast and 3 underground, a release by western coalfields ltd (wcl).

PNB shares up 2% on asset quality improvement; Credit Suisse retains underperform rating
Credit suisse is of the view that the bank#39;s standalone performance has been better, led by loan growth adding that q4 loss was on account of credit
costs remaining elevated. it has however, maintained its underperform rating on the stock.


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story : StockMarketNEWS Daily Updates RIL hits record high as it becomes net debt-free

@StockMarketNEWS Fri 19 Jun, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

RIL hits record high as it becomes net debt-free ahead of its target
investment will translate into a 2.32% equity stake in jio platforms on a fully diluted basis.
RIL doubled investor wealth since March 23; market-cap crosses Rs 11 lakh crore

FPI investments from China at Rs 3257 cr
This is four times the amount of rs 774 crore invested at the end of the previous quarter


Gold price today: Rs 47,410 per 10 gram; silver at Rs 47,600 per kg

City Union Bank shares fall 5% after company posts Q4 loss; stock trading volumes surge
On the asset front, the bank witnessed a spike in bad loans as gross non-performing assets (npas) rose to 4.09 percent of the gross advances as on march
31, 2020, as against 2.95 percent in the year-ago corresponding quarter.

MOIL share price falls 3% after Q4 profit plunges 90% to Rs 13 crore
The company#39;s consolidated net profit dropped to rs 13.47 crore in march quarter against a net profit of rs 139.63 crore in the same period last year.

ICICI Bank offloads 3.96% stake in insurance arm, stock gains but Lombard corrects
The bank#39;s shareholding in icici lombard general insurance company has now been reduced to around 51.9 percent.

Bajaj Consumer share price sheds 5% on Q4 earnings report
Total revenue dropped by 27.75 percent to rs 178.76 crore during the quarter under review as against rs 247.44 crore in the corresponding period of the
previous fiscal.

Stocks to watch: Telcos, banks, IGL, Pidilite Ind, Muthoot Finance, Thermax


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story : StockMarketNEWS Daily Updates India Cements denies reports of Radhakishan Damani buying controlling stake

@StockMarketNEWS Thu 18 Jun, 2020 Report

Posted in: #stockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

India Cements denies reports of Radhakishan Damani buying controlling stake; share price rises 2%

Muthoot Finance shares jump 11% to hit 52-week high after robust Q4 profit
It was trading with volumes of 342,051 shares, compared to its five day average of 76,139 shares, an increase of 349.25 percent.

Bharti Airtel, Vindhya Telelink, ITI shares hold gains as SC starts hearing in AGR case

Pidilite Industries share price falls 3% after Q4 net profit plunges 34%
The company had posted a net profit of rs 236.87 crore for the january-march period of 2018-19.

Metal stocks shine, Coal India jumps 5%; Vedanta, JSPL, Tata Steel rise 2-3% each
Coal india was the top sectoral gainer followed by vedanta, hindustan coper, sail and tata steel.

Manappuram Finance share price rises 7% on fund raising plan
The share touched its 52-week high rs 194.60 and 52-week low rs 75.60 on 29 january, 2020 and 19 march, 2020, respectively.

Coal India share price jumps 8% after PM launches auction process of coal blocks
The government#39;s move will open india#39;s coal sector for private players and termed it a major step in the direction of india achieving self-reliance.



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story : Latest #StockMarketNEWS Daily Updates Banking stocks tumble; Kotak Bank, ICICI Bank, HDFC Bank, SBI top losers

@StockMarketNEWS Wed 17 Jun, 2020 Report

Posted in: #StockMarketNews

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Banking stocks tumble; Kotak Bank, ICICI Bank, HDFC Bank, SBI top losers
Equity benchmarks were on a shaky pitch despite positive global cues. power and banking stocks such as hdfc bank, kotak mahindra bank, ntpc and power grid
were among the top drags.

HPCL share price slips 2% on weak Q4 numbers
Gross sales in 2019-20 was rs 2,86,250 crore, compared rs 2,95,713 crore for the previous year.


Adani Green share price locked at 5% upper circuit, hits all-time high
The stock has been gaining amid media reports that the company has plans to raise up to billion in the next 4-5 years through the sales of green bonds
to accomplish the aim of becoming the worldâ??s biggest renewable energy player.

Radhakishan Damani reportedly planning to buy controlling stake in India Cements; share jumps 11%
N srinivasan and other promoters held 28.26 percent equity stake in the cement maker, while radhakishan s damani family has 19.89 percent shareholding
in the company as of march 2020.

Steel Strips Wheels share rises 4% on export order
Order comprises supplies of close to 10,000 truck steel wheels in the period of june to september from its chennai plant.

Titagarh Wagons share price locked in upper circuit on tie-up with ABB
There were pending buy orders of 37,713 shares, with no sellers available.

Natco Pharma#39;s Q4 net profit falls 22%; shares drop 4%
Consolidated revenue declined marginally by 0.2 percent yoy to rs 454.8 crore in q4fy20 against rs 455.7 crore in q4fy19.

Lasa Supergenerics to produce antiviral for COVID-19; share rises 10%
The share touched its 52-week high rs 49.70 and 52-week low rs 9.48 on 03 march, 2020 and 06 august, 2019, respectively.

Bharti Airtel share price up 4% on acquiring strategic stake in Lattu Kids
Bharti airtel had over 423 million customers across its operations at the end of march 2020.



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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates UK clinical trial finds steroid reduces death in some severely ill COVID-19 patients

@StockMarketNEWS Tue 16 Jun, 2020 Report

Posted in: #STOCKMARKETNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

UK clinical trial finds steroid reduces death in some severely ill COVID-19 patients
A commonly used steroid reduced deaths in hospitalized covid-19 patients who were on ventilators or receiving oxygen support, according to a snapshot of data from a clinical trial in the united kingdom.

Gold price today slips to Rs 47,200 per 10 gm; silver at Rs 47,100 per kg
In new delhi, the price of 22-carat gold is about rs 46,000 per 10 gram, while in chennai it is rs 45,320

Markets ignore geopolitical tension, Sensex ends 376 points higher

Can Fin Homes surges 11% as Q4 net profit grows 36% YoY to Rs 91 crore
Net interest margin also improved from 3.29 per cent to 3.52 per cent during the quarter.

Tata Motors slips 4% after reporting Rs 9,864 cr net loss in March quarter
The company said it expects significantly lower sales in the first quarter (q1fy21)

Ramco Systems zooms 91% in 5 days after investor Vijay Kedia picks 1% stake
The stock was locked in the 10 per cent upper circuit band for the fifth straight day, at rs 146.70 on the national stock exchange (nse).

Agri stocks rally; Bayer Crop, Dhanuka Agritech hit all-time highs
In the past one month, dhanuka agritech, sharda cropchem, aster lifesciences, bayer cropscience, insecticides india, rallis india and upl have rallied
between 11 per cent and 44 per cent

Stock of this kitchen and dining ware manufacturer has zoomed 175% in June
The ministry of finance had recently proposed to impose basic customs duty (bcd) on solar cell and module imports to encourage domestic manufacturing


Pralay Mondal quits Axis Bank; stock falls 11% in intra-day trade
The stock dipped 8 per cent to rs 360, falling 11 per cent from its opening level of rs 405 on the bse on tuesday.

Global fund managers cautious on equities; geopolitics, Covid-19 key risks
A record 78% of investors surveyed by bofa securities believe markets are most 'overvalued' since 1998



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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates Reliance industries closed its biggest ever rights issue

@StockMarketNEWS Mon 15 Jun, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Reliance industries closed its biggest ever rights issue of rs 53,124 crore on june 3 and credited partly paid-up rights equity shares to eligible shareholders.

BHEL share price down 4% after Q4 losses; Jefferies retains underperform call
Total income in the march quarter stood at rs 5,193.51 crore, down from rs 10,489.11 crore in the same period last year.

D-Street Buzz: Bank stocks tumble; IndusInd Bank, SBI, ICICI Bank, RBL Bank fall 3-5%
The top losers included indusind bank which shed over 5 percent and was one of the top index loser. this was followed by rbl bank, state bank of india,
icici bank and bandhan bank.

Dated: 2020-06-15
Aarti Industries shares tumble 6% on termination of contract worth Rs 4,000 crore
In a regulatory filing, ail informed that the company in june 2017 had entered a 10-year contract with a global agrochemical major to supply a high-value
agrochemical intermediary with application in herbicides.



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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates Among the sectors, the auto index jumped almost 3 percent while the midcap index gained one percent

@StockMarketNEWS Fri 12 Jun, 2020 Report

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Among the sectors, the auto index jumped almost 3 percent while the midcap index gained one percent. it and power stocks came under pressure.

H-1B worries resurface; Infosys, TCS, Tech Mahindra, HCL Tech, Wipro end in red
Faced with massive unemployment in the us, president donald trump may suspend employment visas, including h-1b that most indian it professionals rely on,
media reports have said.


SBI Life share price dips 2% as SBI offloads 2% stake via OFS
The floor price for the sale will be rs 725 per equity share.

Aarey Drugs share price slips 6% as FPIs sell stake
In previous three consecutive sessions, another fpi - lts investment fund - which is based in mauritius sold its entire 4.13 percent stake in the pharma
company.

RIL share price falls 2% ahead of rights shares listing
Mukesh ambani has received 5.52 lakh partly paid-up equity shares in a mega rs 53,124-crore rights issue.

D-Street Buzz: IndusInd Bank, Axis Bank fall 3-5%; volumes of SBI, RBL Bank rise
Indusind bank was down over 5 percent followed by kotak mahindra bank, punjab national bank, rbl bank, icici bank, axis bank and hdfc bank.

Biocon shares gain 2% on USFDA nod for insulin glargine injection
Biocon and mylan n.v. announced that the us food and drug administration has approved the new drug application for semglee (insulin glargine injection)
in vial and pre-filled pen presentations

D-Street Buzz: IT stocks under pressure; Infosys, Tech Mahindra down 2-3%, NIIT Tech falls
Sp bse it shed a couple of percentage points with tvs electronics, 3i infotech and expleo solution down 5 percent each.

HDFC shares fall 3% as it announces bond issue of up to Rs 4,000 crore
Hdfc said that it will raise up to rs 4,000 crore by issuing bonds on private placement basis. the issue size of the secured redeemable non-convertible debentures, to open on june 15

D-Street Buzz | Metal mining stocks crack; NMDC, Tata Steel, Coal India fall 3%
Worries over the second wave of the covid-19 virus which had rattled financial markets weighed on the base metal prices also.



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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates In five hikes, petrol and diesel costlier nearly by Rs3

@StockMarketNEWS Thu 11 Jun, 2020 Report

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In five straight hikes, petrol and diesel costlier nearly by Rs 3 per litre
In the national capital, the retail price of both petrol and diesel had increased by 60 paise per litre to rs 74 and rs 72.22 per litre respectively on thursday

Shankara Building Products surges 20% on good operational performance in Q4
The company's consolidated profit before tax more-than-doubled to rs 14.8 crore for the march quarter against rs 3.6 crore in the year-ago quarter.

Muthoot Finance hits new lifetime high, zooms over 100% from March lows
In the past week, muthoot finance has outperformed the market by surging 9 per cent as compared to 0.45 per cent rise in the s&p bse sensex

Shriram Transport Finance gains over 6% post March quarter results
The company made a provision of rs 909.64 crore on account of the covid-19 impact

IndusInd Bank extends gain on promoter stake hike plans, soars 30% in 1 wk
The stock was trading higher for the fifth straight day, ralling 8 per cent to rs 541 on the bse on thursday

Ramco Systems zooms 44% in 2 days as investor Vijay Kedia buys stake in Co
On june 10, 2020, vijay kishanlal kedia purchased 339,843 shares, representing 1.1 per cent of the total equity of ramco systems, at rs 87.82 per share on the nse.

Stocks to watch: Bharti Airtel, Voda Idea, Pharma stks, MGL, Voltas, IHCL



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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates PNB collected Rs 268 cr as ATM transaction charges, annual maintenance fee in FY20

@StockMarketNEWS Wed 10 Jun, 2020 Report

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PNB collected Rs 268 cr as ATM transaction charges, annual maintenance fee in FY20
Punjab national bank collected around rs 268 crore as atm transaction charges and annual maintenance fee on debit cards during 2019-20 fiscal, according
to an rti reply.

Coal India trade unions hold 'peaceful' protest adhering to COVID safety guidelines
Coal india trade unions on wednesday held a peaceful protest while adhering to coronavirus-related safety guidelines to oppose the government's "wrong
policies", the hind khadan mazdoor federation, affiliated to the hind mazdoor sabha, said.

About 90 per cent of retail network resumes operations: Royal Enfield
Royal enfield said its facilities, offices and stores across india had remained closed in compliance with government guidelines between march 22 and may
5, 2020. since may 6, it has gradually restarted its commercial and manufacturing operations in a phase

Welspun India foraying into health, hygiene segment
Under welspun health, the company plans to produce 2.5 lakh masks per day, including 3 ply surgical mask, reusable mask and n95 respirator. the company
said it is also in advanced stage of offering customisation and branding options to large and discerning

COVID-19 to halve multiplexes' occupancy this fiscal: Crisil
The coronavirus pandemic is a "material threat" to multiplexes that will halve their occupancy levels and movie exhibitors are likely to end fy21 with
operating losses, a report said on wednesday.


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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates About 15000 MW of wind-solar hybrid capacity to come up in 5 years

@StockMarketNEWS Wed 10 Jun, 2020 Report

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About 15,000 MW of wind-solar hybrid capacity to come up in 5 years: Crisil
According to the ratings agency, since generation of solar energy tends to peak during the day and that of wind energy at night, the resulting intermittence
in supply impacts grid resilience, making discoms reluctant to buy power from standalone wind and s

Emami Realty to invest nearly Rs 225 crore to build a 100-acre township in Jhansi
"we are coming up with an integrated township at jhansi. we will launch more than 200 plots and also develop villas in the first phase," emami realty ceo
nitesh kumar told. the township, designed by singapore architect firm, will have a total built-up area

Bengaluru airport to introduce ACS to streamline air logistics
Bangalore international airport limited (bial) said on wednesday it is set to introduce the air cargo community system (acs), to streamline air logistics.

Production resumes but lack of new orders worries apparel exporters
If new orders do not come through, the -billion (rs 1.2 lakh crore) industry fears a decline in production activity from august, once the pending orders
are fulfilled, said several exporters. while some new orders and enquiries are being made, those are


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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates Realtors’ associations join hands to raise issues, seek relief from government

@StockMarketNEWS Wed 10 Jun, 2020 Report

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Realtors’ associations join hands to raise issues, seek relief from government
“the pain has brought us all together. real estate has been facing multiple problems and now the current crisis of covid-19 has added further pressure.
earlier, we were communicating differently with the government and that was not the right way,” said

SAIL partners with Apollo Hospitals for healthcare services to employees, their families
"sail has partnered with apollo hospitals for establishing a knowledge sharing platform for the company, in a step towards better handling of the corona
pandemic, at its hq and unit hospitals across the country," the steel major said in a statement.

ED books Medanta Medicity Hospital and office bearers on money laundering charges
Last saturday, following orders of a court in gurugram, the gurugram police had registered an fir against the medanta medicity hospital and its chairman
and promoter dr naresh trehan for corruption and money laundering charges.

PMC Bank case: High Court seeks info on health condition of Wadhawans
Justice bharati dangre was on tuesday hearing petitions filed byhousing development and infrastructure ltd (hdil) promoters rakesh wadhawan and his son
sarang wadhawan, seeking bail on medical grounds.


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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates Final list of most innovative talent at B-Schools is out

@StockMarketNEWS Wed 10 Jun, 2020 Report

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Final list of most innovative talent at B-Schools is out!OnePlus ETPrime Intellect: 27 most innovative selected by eminent Jury
Etprime had a fruitful collaboration with oneplus, the title partner for the inaugural edition. oneplus has innovation and perfection as the brand pillars
and ‘never settle’ as the brand mantra.

Delhi HC asks authorities to treat as representation plea on WHO guidelines for disinfectants
The delhi high court asked the centre and the delhi govt to treat as representation a plea seeking proper implementation of the guidelines issued by the
world health organisation on spraying disinfectants in public places, offices and on individuals.

Nagarjuna Cement ropes in actor Varun Tej as brand ambassador

The 30-year old actor will feature in a new song and a tv commercial, which will be launched by nagarjuna cement as part of its upcoming brand campaign
that aims to connect with a broader demographic. the company is looking at redesigning its communication


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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates Franklin puts e-voting for winding up of funds

@StockMarketNEWS Wed 10 Jun, 2020 Report

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Franklin puts e-voting for winding up of funds on hold
With e-voting postponed, the fund house cannot sell securities nor distribute any money.

How to maximize exam authenticity using remote proctoring
Assessment companies are clubbing their remote proctoring solutions with robust ai-based live proctoring by invigilators that provide an easy way to assess
from the safety of home any time.

COVID-19: Number of recoveries exceed active cases for first time
The number of active cases in the country stands at 1,33,632, while 1,35,205 people have recovered and one patient has migrated, the ministry said.

Coal India exploring avenues for import substitution of coal
To find avenues for expanding its supplies cil is focusing on non-power sector consumers from sectors including sponge iron, cement, captive power plants,
fertilizes and steel, persuading them to replace their imported coal with domestic coal.

Government to take action against CGHS-empanelled hospitals refusing treatment
The warning was issued after the ministry reviewed representations from central government health scheme (cghs) beneficiaries regarding difficulties they
were facing in availing treatment at private hospitals and diagnostic centres empanelled under the sch


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story : Century Enka Standalone March 2020 Net Sales at Rs 344 crore

@StockMarketNEWS Wed 10 Jun, 2020 Report

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Century Enka Standalone March 2020 Net Sales at Rs 344.27 crore, down 20.78% Y-o-Y

EClerx Services Standalone March 2020 Net Sales at Rs 278.24 crore, down 4.94% Y-o-Y

Ishan Dyes Standalone March 2020 Net Sales at Rs 20.14 crore, up 54.95% Y-o-Y

Gujarat Pipavav Standalone March 2020 Net Sales at Rs 161.94 crore, down 10.1% Y-o-Y


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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates IndusInd Bank gains for fourth straight day, comes close to 3-month high

@StockMarketNEWS Wed 10 Jun, 2020 Report

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IndusInd Bank gains for fourth straight day, comes close to 3-month high
In the last four trading sessions, the stock has risen almost 21 percent. experts attributed the rise to bottom-fishing and technical factors.
KRBL Consolidated March 2020 Net Sales at Rs 1,062.50 crore, down 11.19% Y-o-Y

EClerx Services Consolidated March 2020 Net Sales at Rs 350.93 crore, down 3.89% Y-o-Y

Bombay Dyeing Standalone March 2020 Net Sales at Rs 313.10 crore, down 88.76% Y-o-Y

Pranavadity Spg Standalone March 2020 Net Sales at Rs 14.99 crore, down 29.36% Y-o-Y

PSP Projects Standalone March 2020 Net Sales at Rs 456.40 crore, up 34.93% Y-o-Y

MRPL Standalone March 2020 Net Sales at Rs 17,545.07 crore, up 15.79% Y-o-Y


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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates D-Street Buzz: IT stocks gain led by TCS, HCL Tech

@StockMarketNEWS Wed 10 Jun, 2020 Report

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D-Street Buzz: IT stocks gain led by TCS, HCL Tech; Ramco Systems surges 20% upper circuit
Sp bse it added almost a percent led by ramco systems which surged 20 percent upper circuit of rs 91.90 per share followed by tvs electronics, hcl infosystems,
expleo solution and d-link india.

Dhanuka Agritech, Dwarikesh Sugar jump 9-10% on strong Q4 numbers
Dhanuka agritech has touched 52-week high of rs 651.55.
Tag:
Buzzing Stocks India

Nisaba godrej, the executive chairperson of godrej consumer products limited, will take over as md and ceo on july 1.

D-Street Buzz: Banks rally led by RBL Bank; PNB, IndusInd Bank jump 6-10%
Nifty bank jumped 2 percent led by rbl bank which surged 20 percent followed by indusind bank which jumped for the third straight session, up 10 percent.

Slideshow | Gainers Losers: 10 stocks that moved the most on June 10
Among sectors, auto and metal indices ended lower, while nifty psu bank index rose 3.5 percent followed by it, infra, pharma and energy.


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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates Hero MotoCorp share slips 2percent on poor Q4 numbers

@StockMarketNEWS Wed 10 Jun, 2020 Report

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Hero MotoCorp share slips 2% on poor Q4 numbers; brokerages maintain buy
Earnings before interest, tax, depreciation and amortisation (ebitda) plunged 38.3 percent to rs 660 crore and margin dipped 300 bps to 10.6 percent.

Yes Bank shares up 2% after Madhu Kapur#39;s family withdraws lawsuit against bank
Madhu kapur#39;s family has withdrawn an earlier suit filed against the bank management in bombay high court, according to an exchange communication.

JM Financial shares up 3% on launch of Rs 770 crore QIP
The qip has been launched at an indicative price of rs 70 per share, which represents a 1.41 percent discount to the last closing price on june 9.

Cupid shares rise 7% on repeat order worth Rs 23 crore
The share price added 39 percent in last 1 year.

D-Street Buzz: Metal stocks drag, Tata Steel down 2%; CLSA downgrades JSW Steel
Metal stocks are under pressure with nifty metal down a percent dragged by tata steel which shed over 2 percent followed by jindal steel and power, ratnamani
metals, welspun corp, nalco and jsw steel.



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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates Guess shares slump as second-quarter declines

@StockMarketNEWS Wed 10 Jun, 2020 Report

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Guess shares slump as second-quarter declines shaping up to be similar to the first-quarter
Guess inc. shares slumped 11.8% in wednesday premarket trading after the clothing and accessories retailer gave a weak sales outlook. net loss totaled
7.7 million, or .40 per share, after a loss of .4 million, or 27 cents per share last year. adju

Etsy stock rallies after Jefferies upgrade
Shares of etsy inc. are up more than 4% in premarket trading wednesday after jefferies analyst john colantuoni upgraded the stock to buy from hold. "we
see home-nesting dynamics and repeat purchases from face mask sales driving higher long-term gms [gross

DPW's stock more than doubles on heavy volume after announcing defense orders
Shares of dpw holdings inc. more than doubled toward a 9-month high in very active premarket trading wednesday, after the diversified holding company
said its gresham worldwide inc. defense business received .2 million in purchase orders from four diffe

Eventbrite stock tanks after company announces convertible offering
Eventbrite inc. shares are down 10% in premarket trading wednesday after the online ticketing company announced that it plans to offer 5 million of convertible
senior notes that will be due in 2025. the company also anticipates that it will grant those


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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates Ford, Volkswagen to team up on electric, commercial and autonomous vehicles

@StockMarketNEWS Wed 10 Jun, 2020 Report

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Ford, Volkswagen to team up on electric, commercial and autonomous vehicles
Ford motor co. and volkswagen ag announced wednesday agreements for projects to make electric vehicles, commercial vehicles and for autonomous driving
vehicles. although the agreement does not involve cross-ownership between the automakers, the companie

Okta prices billion offering of convertible bonds that mature in 2026
Okta inc. priced a billion offering of convertible senior notes that mature in 2026 on wednesday, as the id-management platform provider joins many companies
raising funds during the coronavirus pandemic. the san francisco-based company said the notes

Hertz gets delisting notice from NYSE, will remain listed pending appeal
Hertz global holdings inc. disclosed wednesday that it received on may 26 a delisting notice from the new york stock exchange, which cited the car rental
company's filing for bankruptcy on may 22. hertz said it has appealed the delisting, and has requeste

United Natural Foods reports earnings that blow past expectations
United natural foods inc. reported third-quarter net income of .1 million, or .60 per share, up from .1 million, or .12 per share, last year. adjusted
eps of .40 blew past the .20 factset consensus. the food wholesaler rang up sales totaling

Luxury goods site RealReal to offer 5 million of convertible bonds
The realreal inc. said wednesday it's planning to offer 5 million of convertible bonds that mature in 2025, joining many other companies raising funds
during the coronavirus pandemic. the luxury goods website said the bonds will be convertible into cas


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story : Latest #StockMarketNEWS by #MunafaSutra Daily Updates U.S. consumer prices dipped in May

@StockMarketNEWS Wed 10 Jun, 2020 Report

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U.S. consumer prices dipped 0.1% in May
U.s. consumer prices dipped 0.1% in may

'Cops' TV series canceled after 32 seasons
The paramount network has canceled the long-running reality show "cops" in the wake of weeks of national protests following the death of george floyd by
minneapolis police. the show had already been pulled from the cable network's schedule because of the p

CrossFit CEO resigns after comments about George Floyd
The chief executive of crossfit inc. stepped down tuesday, following a furor over his comments about george floyd. "i'm stepping down as ceo of crossfit,
inc., and i have decided to retire," greg glassman said in a statement. "on saturday i created a rift

Genmab's stock surges after drug development deal with AbbView valued at up to nearly billion
Shares of genmab a/s rose 4.5% in premarket trading wednesday, after the denmark-based biotechnology company announced a collaboration agreement with
abbvie inc. valued at up to nearly billion to develop genmab's three antibody product candidates to t


Red Robin Gourmet Burgers shares slide premarket after company posts wider-than-expected loss
Red robin gourmet burgers inc. shares fell 7% in premarket trade wednesday, after the casual dining restaurant group posted a far wider-than-expected
loss for its fiscal first quarter ended april 19 as the coronavirus pandemic forced it to close restauran

Tesla's stock has 'room to run' to ,000, and possibly much higher, says Wedbush's Dan Ives
Tesla inc.'s stock has "room to run further" to ,000 and possibly much higher, said wedbush analyst dan ives, given his belief that demand in china for
model 3's are ramping stronger than expected and the potential for "game changing" battery developmen



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