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Shares of the shaving products maker fell as much as 2.4 percent to Rs 6,400 after its profit declined in April-June quarter.
Key earnings highlights:
Source: Bloomberg
Reliance Industries Crosses Rs 8 Lakh Crore In Market Value
Shares of the Mumbai-based specialty pharma company rose as much as 9.5 percent to Rs 333.
The company's board will meet on Aug. 31 to consider share buyback proposal, JB Chemicals said in an exchange notification.
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Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Hyderabad-based drugmaker rose as much as 4.5 percent to Rs 2,520 after the U.S. drug regulator completed audit of its Srikakulam plant, Dr. Reddy's Labs said in an exchange notification.
Dr. Reddy's Labs received an Establishment Inspection Report (EIR) from the U.S. FDA.
L&T Approves Rs 9,000-Crore Share Buyback
Shares of the Delhi-based packaged food maker rose as much as 5.5 percent to record high of Rs 11,485 after it partnered with Flipkart to launch Maggi Special masala noodles, Nestle said in a press release.
The product will be available exclusively on Flipkart from August 25 - 30, following which it will be available nationwide through Nestle's strong distribution reach, the release added.
Speaking at an event organised by the Association of Mutual Funds in India, Deepak Parekh, chairman of the HDFC said MF assets as a percentage of GDP in India is low at 11 percent as against global average of 62 percent.
Key highlights from Parekh’s speech:
Share of the Anil Ambani-led company rose as much as 4 percent to Rs 19.55 after it completed sale of 248 media convergence nodes and related infrastructure assets worth Rs 2,000 crore to Reliance Jio Infocomm, the company said in a stock exchange filing.
Shares of the Delhi-based tiles maker rose for a fourth day in a row. The stock rose as much as 6 percent to Rs 485.95.
During last four trading sessions the stock has surged 17.4 percent.
Shares of the Mumbai-based drugmaker rose as much as 3.3 percent to Rs 917.80 after the U.S. drug regulator gave its approval to market an oral contraceptive Nudovra.
Lupin's Nudovra is the generic version of Bayer HealthCare Pharmaceuticals Inc.'s Natazia Tablets, Lupin said in an exchange notification.
Nudovra Tablets had annual sales of approximately $31.4 million in the U.S., the notification added.
CreditAccess Grameen Slips 8.7% Below IPO Price On Stock Market Debut
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Bengaluru-based communication equipment maker rose as much as 12.14 percent, the most in over a month, to Rs 97 after it emerged as the lowest bidder for MahaNet-I (Bharat Net-II) project in Maharashtra for Rs 2,658 crore (excluding annual maintenance charges and taxes), ITI said in an exchange notification.
Shares of the Indore-based potato and corn chips maker rose as much as 18 percent, the most in over 10 months, to Rs 1,290 after it announced plans to acquire Gujarat-based Avadh Snacks for Rs 148 crore.
The acquisition will help Prataap Snacks build its presence along with Avadh brand in Gujarat, the biggest salty snacks market in India, Amit Kumat, managing director and chief executive officer, said in a statement.
Buyers and sellers were not immediately known
Source: Bloomberg
The Indian rupee is set for a weak start today, in line with other emerging market currencies that lost ground against a higher dollar.
The greenback rallied overseas as investors awaited a meeting of global central bankers in Jackson Hole after the Federal Reserve signaled no change to its pace of monetary policy tightening.
The implied opening from forwards suggests spot may start trading at around 69.95 on Thursday, having ended at 69.8250 per dollar on Tuesday. It is not far from an all-time low of 70.39 struck last week with analysts at Yes Bank predicting more pain for the rupee amid the rising dollar and more demand for foreign currency amid a widening current account deficit.
Meanwhile, bonds are expected to follow the Indian rupee lower. The benchmark 10-year yield fell one basis point to 7.83 percent with the RBI set to hold Rs 30,000 crore 7-day reverse repo auction later in the day. Overseas, oil was trading steady at 67.88 a barrel after jumping 3.1 percent earlier.
Citi on Tata Power
Goldman Sachs on Maruti Suzuki
Morgan Stanley on Ultratech Cement
Deutsche Bank on Federal Bank
Nirmal Bang on Dixon Technologies
Deutsche Bank on Indian Cement Sector
Vadilal Industries
HDFC AMC (Q1 YoY)
Motilal Oswal Q1FY19 (Consolidated, YoY)
Reliance Capital - Reliance General Insurance (Q1, YoY)
P&G (Q1, YoY)
CreditAccess Grameen IPO: Here’s All You Need To Know
Here are some key events coming up this week:
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