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Nifty Gains For Second Week As Consumer Stocks Rally  

Nifty Gains For Second Week As Consumer Stocks Rally  
A man uses a mobile phone in front of electronic screens displaying stock prices in the trading hall at the Karachi Stock Exchange (KSE) in Karachi, Pakistan. (Photographer: Asim Hafeez/Bloomberg)
9 years ago
Sensex, Nifty end little changed.

  • Shares down 1.4% to Rs 116
  • Q4 net income Rs 49.5 crore vs estimate Rs 188 crore
  • Q4 revenue Rs 697 crore vs Rs 317 crore last year

  • Shares fall as much as 4.9% to Rs 82, the most since November 2016
  • Q4 net income Rs 25.5 crore vs estimate Rs 40 crore
  • Volume at 2.2 times its 30-day average

  • Shares up as much as 7.2% to Rs 913, the most since October 2016
  • Company to consider bonus issue on May 27
  • To also consider merging agile electric with self

  • Shares climb as much as 2.7% to a record high of Rs 419
  • Q4 net income Rs 706 crore vs estimate Rs 463 crore
  • Q4 revenue Rs 1,15,000 crore vs estimate Rs 1,19,000 crore

  • S&P BSE Consumer Durables index falls 1.6%
  • Crompton Greaves (-3.5%)
  • Whirpool of India (-2.8%)
  • Blue Star (-1.8%)
  • Symphony (-1.2%)
  • GST rate highest at 28% for air-conditioners

  • Shares list at a premium of 22.4% to the offer price of Rs 60 on the NSE
  • Government raised nearly Rs 1,200 crore via a stake sale of 10.2%
  • This is the first IPO of a central public sector enterprise since April 2012
  • Read the full story HERE

  • Shares climb as much as 6.7% to Rs 139, the most since August 2016
  • Q4 net income climbed 235% to Rs 45.7 crore
  • Volume at 1.7 times its 3-month average

  • Shares fell as much as 10.3% to Rs 946, the most since January 2009
  • Q4 net income Rs 158 crore vs estimate Rs 195 crore
  • Volume at 30 times its 30-day average
  • Stock has gained 21% year-to-date vs 15% rise for the Sensex

  • Cummins India (-7.2%): Q4 net income Rs 158 crore vs estimate Rs 195 crore
  • EID Parry (+1%): Q4 net income Rs 164 crore vs Rs 123 crore last year
  • Eimco Elecon: (+5%): Q4 net income Rs 15.2 crore vs Rs 9.2 crore last year
  • Graphite India (-2.8%): Q4 net income Rs 61.9 crore vs Rs 28.6 crore last year
  • Muthoot Finance (+4.3%): Q4 net income Rs 322 crore vs estimate Rs 298 crore
  • United Bank of India (+3.3%): Q4 net income Rs 73.6 crore vs loss Rs 413 crore

  • Shares of power supplier recovered from previous sessions’ fall to trade up 6% to Rs 879
  • CESC shares fell as much as 17.3% to Rs 807, the most since October 2012 on Thursday
  • The stock corrected as investors were confused on the eventual number of shares that would get allotted
  • Board approved demerger of some businesses into units; To merge infra unit, spencer retail, music world with self

Indian shares advanced, led by gains in consumer goods companies such as Hindustan Unilever, Marico as investors cheered new goods and services tax rates announced by the government late Thursday.

The S&P BSE Sensex rose 0.64 percent to 30,627, while the NSE Nifty gained 0.55 percent at 9,482.

Among the sectoral indices, S&P BSE Consumer Durables jumped 0.8 percent while S&P BSE Metal climbed 1.1 percent.

The market breadth was skewed in the favour of gainers, with about 8 stocks advancing to every 2 stocks that declined.

  • FMCG Companies: Stocks will be in focus, as investors evaluate the impact of the new tax structure announced late Thursday night.
  • Bank of Baroda: In process of filing cases under bankruptcy code.
  • Strides Shasun: Signs definitive agreements with Vivimed Labs to set up two joint venture companies.
  • Lupin: Receives U.S. FDA approval for generic Seroquel XR tablets, which had U.S. sales of $1.27 billion.
  • India Tourism Development Corporation: Shareholders approve disinvestment of undertakings and subsidiaries of the company.
  • Great Eastern Shipping: To consider raising Rs 150 crore via debentures on May 23.
  • For a complete list of stocks, click HERE

  • Aarti Industries
  • Grasim Industries
  • Future Enterprises
  • Mahindra Holidays & Resorts India
  • Just Dial
  • State Bank of India
  • Motherson Sumi Systems
  • Tata Power Company
  • Titagarh Wagons
  • V-Guard Industries

  • JSW Steel: Raised to hold at Reliance Securities, price target Rs 221
  • NIIT Technologies: Cut to hold at CIMB, price target Rs 535
  • Strides Shasun: Raised to buy at Jefferies
  • DLF: Cut to hold at HSBC, price target Rs 185

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