Scan to Download
Shares of the non-banking finance company rose as much as 4.2 percent after its net profit for April-June quarter beat street estimates.
The stock is up 17 percent year-to-date. It has 21 buys, 9 holds, 6 sells; average price target of Rs 1,158: Bloomberg data
Shares of the electrical appliances maker erased gains and fell as much as 6.8 percent after its first quarter earnings missed street estimates.
Supporting entrepreneurs and their vision and aspirations is at the heart of Masayoshi Son’s and SoftBank’s investment philosophy. As such, we respect the decision to pursue an independent strategy. We look forward to the results of the Snapdeal 2.0 strategy, and to remaining invested in the vibrant Indian e-commerce space.”SoftBank Statement
Shares of the cement maker rose as much as 4.3 percent after its first quarter earnings beat street expectations.
Nifty's journey to 10,000.https://t.co/ahSFoSaKTT pic.twitter.com/5bPSmfyRrk
— BloombergQuint (@BloombergQuint) July 31, 2017
We had a mixed performance in the first quarter of fiscal year 2018 but are confident that we are putting the right building blocks in place to deliver strong results in the quarters ahead. The upfront investments will set us up for stronger growth as the macroeconomic environment improves.Nisaba Godrej, Executive Chairperson, GCPL
Max Financial Services Ltd. in an exchange filing said that the confidentiality, Exclusivity and standstill agreement entered into with HDFC is not being extended further.
The proposed scheme of amalgamation and arrangement should be treated as withdrawn, the release said.
While shares of Max Financial Services gained as much as 2 percent post the announcement, shares of HDFC Ltd. fell as much as 1.5 percent.
Shares of Central Bank of India Ltd. fell as much as 5.86 percent, the most in a month to Rs 85.90 after its net loss remained almost unchanged at Rs 576.7 crore on a year-on-year basis during the April-June quarter.
The lender's core income declined by 20 percent YoY, while its bad loans increased to 18.23 percent on a year-on-year basis.
The bank's asset quality saw further deterioration. Gross NPA stood at 18.23 percent while Net NPA was at 11.04 percent on a sequential basis.
Shares fell for the second straight day and have underperformed the S&P BSE Sensex index, with gains of 4.1 percent during the year.
Shares of the state-run bank fell as much as 5.6 percent, the most in two months to Rs 32.10 after its net loss narrowed to Rs 132 crore during the April-June quarter.
The bank saw a deteroiration in asset quality with gross NPA at 17.37 percent compared to 16.27 percent on a sequential basis while Net NPAs stood at 11.22 percent from 10.66 percent in the previous quarter.
The lender had fresh slippages of Rs 954 crore in the quarter ended June, Chairman and Managing Director Ashwani Kumar said in a media conference.
The bank also saw lower recoveries in Maharashtra and Uttar Pradesh due to farm loan waivers announced over the last quarter, Kumar said in the media briefing.
The stock fell for the fourth straight day to a seven-month low of Rs 32.10.
Shares of the construction company gained as much as 9.50 percent to Rs 98, after it bagged a contract for Zojila tunnel project in Jammu and Kashmir to be completed in 7 years.
This is the most that the stock has gained since January 3, 2017. It has under-performed the Sensex, having lost nearly 7 percent so far this year.
Shares of the infrastructure major gained as much as 4 percent to Rs 1,207, the most in over two months, after reporting quarterly earnings.
Most brokerages have maintained their ratings and price targets on the stock:
The analyst consensus price target, tracked by Bloomberg was Rs 1,248.2, around 4.6 percent higher than the current market price. The stock has gained 33.1 percent so far this year, compared to 21.6 gain in the Sensex Index.
#BQMoney | Rupee to trade in the range of 63.80-64.20 against U.S. dollar, says Veracity's Pramit Brahmbhatt.https://t.co/Oz8TwfUgY7 pic.twitter.com/iFZ7wB2gq4
— BloombergQuint (@BloombergQuint) July 31, 2017
For a complete list of stocks to watch, click HERE!
Xi calls for strong army, tells China troops 'world isn't safe'.https://t.co/wQ96GOiiBz pic.twitter.com/HphZUIFyNx
— BloombergQuint (@BloombergQuint) July 31, 2017
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
