Venky’s Q2 Net Plunges 94.5%
Shares of the poultry firm dropped as much as 8 percent to Rs 460 after its second quarter net profit plunged over 94 percent.
The company reported a net profit of Rs 35 lakh for quarter-ended September, compared to a profit of Rs 6.38 crore in the same period last year. Its sales came in at Rs 595 crore for the three-month period, a jump of around 32 percent.
Most Active Options- Nifty 8,100 Put, OI down 4.4%
- Long positions taken earlier being unwound today
- Nifty 8,200 Call, OI up 7.3%
- Nifty 8,300 Call, OI up 3.3%
- Writing seen
Active Stock Futures
- Sun TV, down 3.8%
*OI up 6.8%, Fresh Shorts
- Ceat Ltd, up 2%
*OI up 22%, Fresh Longs
- Tata Power, up 2%
*OI up 2.5%, Fresh Longs
BloombergQuint Opinion: RBI Policy Decision: A Fine Balancing Act
#BQSpotted Arihant Foundations has rallied 58% in 8 sessions. By @soumeet_sarkar
— BloombergQuint (@BloombergQuint) December 6, 2016
Read| https://t.co/lxTEREHvHP pic.twitter.com/RWh4KgWFLm
The rupee strengthened by 16 paise to 68.05 against the dollar in early trade at the Interbank Foreign Exchange on increased selling of the U.S. currency by exporters and banks.
Forex dealers attributed the weakness of the dollar against other currencies to investors viewing the recent spurt of the greenback as unsubstantiated which supported the rupee.
A higher opening in the domestic equity market also influenced the rupee uptrend, they added.
Yesterday, the rupee had settled almost flat with negative bias at 68.21 against the US currency in restricted trade.
(PTI)
#BQSpotted @AgamVakil puts the spotlight on Suditi Industries, a stock that has hit the 20% upper circuit
— BloombergQuint (@BloombergQuint) December 6, 2016
Read| https://t.co/lxTEREHvHP pic.twitter.com/LxxM88b1dy
Movers & Shakers: Tata Power, Dabur India, Canara Bank And More
Analyst Ratings/Research:- Eicher Motors raised to buy versus hold at Karvy Stock Broking
- State Bank of India cut to neutral versus buy at Goldman Sachs
- Axis Bank cut to sell versus neutral at Goldman Sachs
- LIC Housing Finance cut to neutral versus buy at Goldman Sachs
For a complete list of stocks to watch, click HERE
Why builders aren't building enough low-cost housing.@shubhangidaga reportshttps://t.co/nTIxQkRp19
— BloombergQuint (@BloombergQuint) December 6, 2016
Dow hit a fresh record following Italy’s as-expected vote, Asia opens strong. Oil snaps 4-day rally.
— BloombergQuint (@BloombergQuint) December 6, 2016
Read| https://t.co/xL1J97ats9 pic.twitter.com/zGTSmL0nLi
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