[ad_1]
More than 40 stocks, including Apollo Hospitals Enterprise, InterGlobe Aviation, Jagran Prakashan and Kellton Tech Solutions hit 52-week lows on NSE on Monday.
(Read more)
11:00 AM | Smallcaps outperforms Senbad; Gati, Rolta in India among the best winners
The BSE Smallcap Index outperformed the Senbad benchmark at Monday's trading session. At 10:50, the smallcap index was up 0.27% to 16,494, while the Senbad was down 0.07% to 37,310. The Nifty50 was 0.03 percent at 11,275 at that time.
10:35 | The bank shares of the RSUs rise to 8%; BoB, PNB, SBI game ball
Boosting the sectoral index, most PSU bank stocks traded with gains in morning trading Monday before the RBI policy meeting starting today. 39; hui. The Nifty PSU Bank index was trading 2.71% at 3,177 points around 10:20, and Bank of Baroda (8,20%) up more than 8%.
9h55 | Bank ICICI, SBI, RIL, BoB
ICICI Bank, with more than 1.53 shares of crore changing hands, was at the top of the pack of the most traded NSE stocks in morning trading on Monday.
Here is a list of the main actions that will be central to today's trading session:
[HDD] Axis Bank, Idea Cellular: HDFC, Axis Bank, Idea Cellular, JP Associates, Avenue Supermarts (DMart), Tech Mahindra, InterGlobe Aviation, Piramal Enterprises, IDFC and IDFC Bank will be some of the companies that will present their quarterly earnings later in the day. CPCL, Can Fin Homes, Escorts, Central Bank will also present its quarterly results during the day.
TCNS Clothing: The clothing manufacturer TCNS Clothing will make its debut on the stock market on Monday. The public offering of Rs 1,125 crore, which ran from July 18 to July 20, was underwritten 5.25 times. The issue had received bids for 5,77,07,520 shares against the total issue of 1.09,99,828 shares.
RIL, ICICI Bank: The two Nifty50 companies published quarterly results after Friday's session. While ICICI Bank reported a loss of Rs 120 crore, the first in its history, Reliance Industries said its earnings for the quarter at Rs 9,459 crore was the highest ever recorded.
Gati: TVS Logistics is in talks with Gati Limited to acquire a controlling stake in the smallest rival of about 1,500 crores, signaling greater investments in the industry of Country logistics enjoying a boost of e-commerce activity. the uniform levy for producers.
NTPC: The company announced Saturday a 1.15 percent year-on-year decline in net profit to Rs 2,588.14 crore for the June quarter. The largest electricity utility company in India reported a profit of 2,618.17 rupees compared to the previous quarter. Net sales for the quarter rose 14.21 percent to Rs 22,703.60 crore compared to Rs 19,879.32 crore in the prior year quarter.
NBCC: A possible solution might be in sight for busy buyers in the Jaypee Infratech and Amrapali projects in Noida. The NBCC (India) managed by the state is likely to take over the projects to ensure their completion and deliver them to their owners in good faith. In return, NBCC requested full control of the finances through an escrow account.
JSW Steel, Bhushan Steel: JSW Steel's decision to propose a revised offer of Rs 18,000 crore has delighted lenders who hope to see their haircuts drop while solving the Bhushan affair Power & Steel. The move comes at a time when the other two bidders – Tata Steel and Liberty House – are involved in a legal brawl to buy a business.
HCL Technologies: The chief information officer said that first-quarter sales revenue grew by 2.7% in constant currency and beat its competitor Wipro in terms of revenue. quarterly business over the period. By the end of the year, HCL Tech will probably move Wipro to its fourth place in the Indian IT hierarchy.
Ansal Housing: Property developers across the country are waiting for the outcome of a crucial case between Ansal Housing & Construction and the Income Tax Department regarding unsold inventory and its treatment to tax. While the Union budget for 2017-2018, the government had introduced a provision to tax the notional income on unsold stocks ready to move, this case was before the court even before that.
PNB, J & K Bank: Shareholders of PNB Metlife Life Insurance plan to sell 24.64% of an IPO that will earn 2,000 crores-2,500 crores and will value Company at about 10,000 crores.
Shoppers Stop: The retailer expects growth of about 8% this year, the chain of stores K Raheja Group expanding its sales network by adding new cities and strengthening its presence in e-commerce. company official.
JK Cement: The company said that its shareholders approved a plan to raise up to Rs 500 crore by issuing non-convertible debentures on the basis of the private placement . The company reported a 37.8% decline in after-tax self-sustaining earnings to 49.3 million rupees for the quarter ended June 30, due to lower revenues.
MotoCorp Hero: The largest manufacturer of two-wheelers in India, Hero MotoCorp, plans to launch new scooters and motorcycles in Iran and Turkey and uses the factory Bangladesh to intensify its presence in South Asia. . The company said the price-sensitive African market posed a unique challenge.
Westlife Development: CLSA maintained its purchase rating on Westlife Development and raised the target price to 550 rupees against Rs 475. Positive consumer sentiment, higher steps and a Series of interventions help the franchise deliver industry average unit volumes, resulting in solid margin gains, CLSA said. The firm has increased Westlife's EBITDA estimates by 5% to 6% in fiscal years 19 and 20 as it has increased its growth and margin guidance.
Hindalco Industries: HSBC maintained the "buy" rating on Hindalco Industries with a target price of Rs 320. The firm considers the Aleris transaction to be positive as it helps Hindalco to further reduce its risks. HSBC also sees this transaction positively, as the entire transaction is financed by borrowing without significantly compromising the strength of Novelis' balance sheet, which results in a reduction in the cost of capital and a valuation.
[ad_2]
Source link
