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Sensex, Nifty Clock Longest Weekly Gain In Nearly Three Months

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Sensex, Nifty Clock Longest Weekly Gain In Nearly Three Months
A trader looks at financial data on computer screens on the trading floor. (Photographer: Luke MacGregor/Bloomberg)
8 years ago
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index's performance in India fell 0.41 percent to 10,545 as of 6:31 a.m.
Apr 20, 2018 15:47 (IST)
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Apr 20, 2018 07:47 (IST)
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Apr 20, 2018 15:13 (IST)
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Shares of the Hyderabad-based shrimp feed maker rose as much as 7.22 percent to Rs 2,346 after it informed exchanges that its board will meet on May 9 to discuss and consider stock split and bonus issue of shares.

Apr 20, 2018 14:44 (IST)
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  • Kakatiya Cement: The Andhra Pradesh-based cement, sugar and power producer were locked in a 20 percent upper circuit at Rs 315.50 after it resumed operations at Telangana plant after the Polution Control Board revoked its closure order.
  • Mindtree: The Bangalore-based IT firm rose for second day in a row. The stock rose as much as 9.3 percent to record high of Rs 981 on the back of heavy volumes. Trading volume was over 5 times its 20-day average.
  • Jamna Auto: The Haryana-based auto parts maker rose as much as 3.3 percent to record high of Rs 97.50. Domestic brokerage KR Choksey recommends buying this stock for target price of Rs 112.
  • Radico Khaitan: The Delhi-based liquor maker rose as much as 7.3 percent to record high of Rs 452. Brokerage house Emkay has maintained its buy call on the stock and it expects 55 percent jump in March quarter profit.
Apr 20, 2018 13:51 (IST)
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Shares of the Delhi-based news broadcaster fell as much as 3.2 percent to Rs 41.55 after the Delhi High Court ordered it to deposit Rs 10 lakh for revealing the identity of eight-year old Kathua rape victim, news agency Press Trust of India reported.

Apr 20, 2018 13:42 (IST)
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Apr 20, 2018 13:14 (IST)
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  • Indian equity benchmarks were trading on lackluster note dragged by weakness in Reliance Industries, State Bank of India and Tata Steel. However, the losses were capped as TCS rose the most in six years after it beat consensus Bloomberg estimates in March quarter.
  • The S&P BSE Sensex fell 0.16 percent or 59 points to 34,368 and the NSE Nifty 50 Index advanced 0.2 percent or 22 points to 10,542.
  • Seventeen out of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Metal index's 1.6 percent drop. On the flipside, the S&P BSE IT index was the top sectoral loser, up 4.1 percent.
Apr 20, 2018 13:06 (IST)
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Apr 20, 2018 11:44 (IST)
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Apr 20, 2018 13:25 (IST)
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Apr 20, 2018 12:23 (IST)
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Shares of the Mumbai-based auto parts maker rose as much as 7.56 percent to Rs 249.80 after its profit more than doubled in March quarter.

Key earnings highlights:

  • Revenues up 32 percent at Rs 612 crore versus Rs 465 crore
  • Net profit up 132.5 percent at Rs 38.6 crore versus Rs 16.6 crore
  • EBITDA up 69 percent at Rs 74.5 crore versus Rs 44 crore
  • Margins at 12.2 percent versus 9.5 percent

Apr 20, 2018 11:33 (IST)
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  • Sintex Plastics has 10 lakh shares change hands in a block deal. Stock down 1 percent to Rs 59.20.

    • Buyers and sellers were not immediately known

    Source: Bloomberg

Apr 20, 2018 11:32 (IST)
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Shares of the Mumbai-based chemical maker rose as much as 7.9 percent to record high of Rs 94.90 after it received WHO Good Manufacturing Practice (GMP) certificate for unit situated at Mahad from Food and Drug Administration following which entry to regulated business markets will commence shortly, Lasa Supergenereics said in an exchange filing.

Apr 20, 2018 12:25 (IST)
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Apr 20, 2018 11:16 (IST)
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Shares of the auto component maker rose as much as 3.3 percent to surge to a record high at 97.50.

Homegrown brokerage KR Choksey Securities has a buy rating on the stock. The brokerage expects its shares to touch Rs 112 in the next twelve months, implying a potential upside of 19 percent from the last regular trade.

Apr 20, 2018 11:12 (IST)
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Shares of the Andhra Pradesh-based cement, sugar and power producer were locked in a 20 percent upper circuit at Rs 315.50 after it resumed operations at Telangana plant after the Polution Control Board revoked its closure order.

Apr 20, 2018 10:58 (IST)
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Shares of the Mumbai-based drug maker fell as much as 7.2 percent to Rs 298.20 after it informed exchanges that it has received an order from Pollution Control Committee, Daman for closure of its formulation manufacturing facility at Daman.

Apr 20, 2018 10:51 (IST)
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Click here to see complete options chain

Apr 20, 2018 10:30 (IST)
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Shares of the Hyderabad-based IT services firm rose as much as 9.67 percent to record high of Rs 709.60 after it beat consensus Bloomberg estimates in March quarter.

Key earnings highlights:

  • Revenues up 8 percent at Rs 1,062 crore versus Rs 983 crore
  • Net profit up 34 percent at Rs 118 crore versus Rs 88 crore
  • EBITDA up 4.5 percent at Rs 117 crore versus Rs 112 crore
  • Margins at 11 percent versus 11.4 percent

Following its March quarter earnings Motilal Oswal has maintained buy and raised its target price to Rs 750 from Rs 675. While, IDBI Capital Market expects Cyient to report double digit growth in services business.

Apr 20, 2018 11:37 (IST)
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Apr 20, 2018 10:20 (IST)
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Shares of the Kolkata-based dry battery maker fell as much as 10.6 percent, the most in over eight months, to Rs 328 after Competition Commission of India (CCI) imposed a fine of Rs 215 crore on the company for cartelisation in pricing of zinc-carbon dry cell batteries.

Apr 20, 2018 09:54 (IST)
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  • Do not see due diligence adding to huge price discovery for Fortis
  • Our bid is the most serious as we are willing to put in Rs 750 crore which the company might get in 30-40 days
  • Fortis Healthcare needs money and if they go through the due diligence process it will take 3-4 months
  • My offer is to save the business
  • Cannot allow all non binding bidders to carry out due diligence due to timelines.

    • Also Read: KKR-Backed Radiant Life Care Joins The Race To Acquire Fortis Healthcare

Apr 20, 2018 09:52 (IST)
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Apr 20, 2018 09:47 (IST)
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  • RBI MPC minutes hawkish, against market expectation
  • Housing inflation, MSPs key worries for RBI currently
  • More than oil price, continuing downfall in rupee will add to RBI's concerns
  • Expect 10-year bond yield to cap down at current levels
Apr 20, 2018 09:34 (IST)
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Apr 20, 2018 09:21 (IST)
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Apr 20, 2018 09:06 (IST)
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Apr 20, 2018 08:48 (IST)
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Apr 20, 2018 07:52 (IST)
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Apr 20, 2018 07:48 (IST)
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Motilal Oswal on Cyient

  • Maintained ‘Buy’; raised price target to Rs 750 from Rs 675.
  • March quarter’s revenue came inline; margins beat.
  • Strong double-digit growth despite challenges.
  • Upward momentum bodes well for the next year.
  • Expect industry leading growth coupled with long-term opportunities.

Brokerages On IndusInd Bank

Nomura

  • Maintained ‘Buy’ with a price target of Rs 1,950
  • March quarter’s net profit missed marginally due to lower growth in income fees.
  • Steady performance on all metrics.
  • Asset quality stable - No major issues from divergence.
  • Completion of the merger would be the next stock catalyst.

Axis Capital

  • Maintain ‘Buy’ with a price target of Rs 2,060
  • March quarter’s results in line led by superior growth in advances and stable margins
  • Financial year 2016-17 net divergence miniscule
  • Loan growth remains strong at 28 percent; growth in vehicle segment too picked up.
  • Watchful on the developments on the acquisition front.

Investec

  • Maintained ‘Hold’; raised price target to Rs 1,975 from Rs 1,325.
  • Results positive on growth but weak on NIMs.
  • Performance weaker than usual owing to higher asset quality stress.
  • Major concerns is relatively higher dependence on wholesale funding.
  • Expect weaker NIMs and pressure on the consumer yields in the current financial year.

Brokerages On TCS

Prabhudas Lilladher

  • Maintained ‘Accumulate’; raised price target to Rs 3,380 from Rs 2,770.
  • March quarter’s results strong with beat on revenue and net profit.
  • Strong exit revenue run‐rate raises momentum.
  • Expect TCS to show acceleration in revenue growth in the current financial year.
  • TCS can deliver higher constant currency growth compared to Accenture.

Motilal Oswal

  • Maintained ‘Neutral’; raised price target to Rs 3,000 from Rs 2,700.
  • In-line quarter; Positive outlook on growth.
  • Green shoots in North America BFS.
  • Robust growth seen in energy & utilities and travel & hospitality.
  • Key trigger: Incremental improvements in BFS.

Apr 20, 2018 07:47 (IST)
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  • India March refinery output at 2.11 crore tonnes versus 2.13 tonnes (YoY).
  • India March gas production at 2.78 bcm versus 2.75 bcm (YoY).
  • India March crude oil output at 3.04 million tonnes from 3.09 million tonnes (YoY).
Apr 20, 2018 07:16 (IST)
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Nifty Companies

  • Indiabulls Housing Finance

Others

  • Amal
  • Biopac India Corporation
  • Harmony Capital Services
  • Sasken Technologies

Apr 20, 2018 07:16 (IST)
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TCS Q4 (QoQ)

  • Revenues up 4 percent at Rs 32,075 crore versus Rs 30,904 crore
  • Net profit up 6 percent at Rs 6,904 crore versus Rs 6,531 crore
  • EBIT up 5 percent at Rs 8,147 crore versus Rs 7,781 crore
  • Margin at 25.4 percent versus 25.2 percent
  • Dollar revenue up 3.9 percent QoQ at $4.97 billion

Reliance Power Q4 (YoY)

  • Revenue down 2 percent at Rs 2,428 crore versus Rs 2,466.5 crore
  • Net profit up 16 percent at Rs 250.5 crore versus Rs 216 crore
  • EBITDA up 2 percent at Rs 1,084 crore versus Rs 1,065.5 crore
  • Margins at 44.6 percent versus 43.2 percent

Mahindra CIE Q1 (YoY)

  • Revenues up 32 percent at Rs 612 crore versus Rs 465 crore
  • Net profit up 132.5 percent at Rs 38.6 crore versus Rs 16.6 crore
  • EBITDA up 69 percent at Rs 74.5 crore versus Rs 44 crore
  • Margins at 12.2 percent versus 9.5 percent

Cyient Q4 (QoQ)

  • Revenues up 8 percent at Rs 1,062 crore versus Rs 983 crore
  • Net profit up 34 percent at Rs 118 crore versus Rs 88 crore
  • EBITDA up 4.5 percent at Rs 117 crore versus Rs 112 crore
  • Margins at 11 percent versus 11.4 percent

Apr 20, 2018 07:11 (IST)
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  • TCS announces 1:1 bonus issue along with Q4 results.
  • Fortis Healthcare approves evaluation of binding offers. To offer expert advisory panel to assess rival offers.
  • KKR-backed Radiant Life Care makes offer to buy Fortis Healthcare at Rs 165 per share
  • UBS Principal Capital Asia hikes stake by 0.43 percent in Fortis to 5.21 percent
  • NTPC to exit the JV with BHEL
  • Info Edge invests Rs 3 crore in B2B marketplace company Bizcrum Infotech
  • Thomas Cook says Supreme Court restores order passed by Competition Commission of India imposing penalty of Rs 1 crore. Separately, board approves acquisition of 4.44 percent stake in Travel Corporation (India) for Rs 16.69 crore
  • Indian Metals & Ferro alloys gets Rs 123 crore notice for excessive mining
  • CCI orders Eveready Industries to pay Rs 215 crore in fine (PTI)
  • Lasa Supergenerics gets WHO-GMP certificate for unit situated at Mahad
  • Liberty House UK moves NCLT to challenge RP's decision in ABG Shipyard matter
  • Kakatiya Cement resumes operation at Telangana plant following its closure on pollution grounds
  • JB Chemicals gets orders from pollution control board directing closure of formulation unit at Daman
  • Religare raises Rs 145 crore via issue of 11.14 crore warrants at a price of Rs 52.30 each on preferential basis
  • Mahindra & Mahindra forms unit in Bangladesh Mahindra Susten
Apr 20, 2018 07:03 (IST)
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Sundaram Finance Holding

  • Reliance MF bought 30 lakh shares or 2 percent equity at Rs 151.65 each.

Hathway Cable And Datacom

  • Old Bridge Capital Management bought 1.64 crore shares or 2 percent equity at Rs 39.5 each.
  • Morgan Stanley Asia (Singapore) Pte sold 1.79 crore shares or 2.2 percent equity at Rs 39.5 each.

Uniply Industries

  • Malabar India Fund bought 14.44 lakh shares or 6 percent equity at Rs 411 each.
  • Promoter Keshav Narayan Kantamneni sold 14.50 lakh shares or 6.1 percent equity at Rs 411 each.

Trading Tweaks

  • Sequent Scientific circuit filter revised to 20 percent and shifted to B group.
  • Indiabulls Ventures circuit filter revised to 10 percent.
  • Mishra Dhatu Nigam and MBL Infrastructures circuit filter revised to 5 percent.

Apr 20, 2018 07:18 (IST)
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Apr 20, 2018 06:46 (IST)
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Apr 20, 2018 06:46 (IST)
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