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State Bank of India has proposed to raise as much as Rs 20,000 crore in the year ending March 31 by selling shares via FPO/QIP/preferential allotment or rights issue, the bank said in an exchange filing.
Number of taxpayers showing income above Rs 1 crore rises 60 percent in four years, Central Board of Direct Taxes said in a press release.
Shares of the Noida-based drugmaker reported higher than anticipated net profit during July-September quarter. Shares of the company swung between gains and losses after the earnings announcement.
Key earnings highlights (Q2, YoY):
Shares of the Andhra Pradesh-based coffee manufacturer rose as much as 4.62 percent to Rs 255 after its profit increased 41 percent in July-September quarter.
Key earnings highlights:
The Mumbai-based paint maker fell as much as 9.33 percent to Rs 377.50 after its profit declined in July-September quarter.
Key earnings highlights:
Shares of the Mukesh Ambani-led oil-to-telecom conglomerate declined 2 percent to Rs 1,079.60.
The stock has declined 7 percent in the last three trading sessions.
Shares of the Mumbai-based chemical maker were locked in a 20 percent lower circuit at Rs 100.80 after its profit declined in July-September quarter.
Key earnings highlights:
Shares of the Kolhapur-based private lender fell as much as 9.16 percent, the most in nearly two years, to Rs 459.75 after Morgan Stanley downgraded the stock to underweight for target price of Rs 450 per share.
Shares of the Mumbai-based paint maker fell 0.3 percent to Rs 1,234 ahead of its July-September quarter earnings.
Here is what to expect from the company in Q2:
Estimates compiled by Bloomberg on a consolidated (YoY) basis
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Shares of the Mumbai-based drugmaker rose as much as 6 percent to Rs 220 after the U.S. drug regulator issued Establishment Inspection Report for its Roha and Pithampura plants, Unichem said in an exchange filing.
Shares of the Kolkata-based company rose as much as 6.88 percent to Rs 29.50 after it dismissed reports of lay-offs and said that it is adding talent to its ever-expanding workforce as its businesses continue to grow profitably quarter after quarter.
Shares of the Jaipur-based private lender slumped as much as 7.25 percent to Rs 500.50 after Morgan Stanley downgraded it to ‘Equal-weight” from “Overweight”.
The stock has 10 ‘Buy’, four ‘Hold’ and one ‘Sell’ recommendation, according to Bloomberg data.
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Shares of the Anil Ambani-led power generation company rose nearly 3 percent to Rs 28.10 per share. after its subsidiary Sasan Power bagged an arbitration award against North American Coal Corporation, according to a notification to the bourses.
Shares of the Delhi-based news broadcast company fell as much as 4.76 percent, the most since Oct. 4, to Rs 32 after it received show cause notice from the Enforcement Directorate.
NDTV received show cause notice in relation to receipt of foreign direct investment of Rs 1,637 crore and overseas investments of Rs 2,732 crore, the company said in a exchange notification.
There is a definite probability of markets correcting further as elections would keep them nervous, Shyam Shekhar, chief ideator & founder of iThought told BloombergQuint in an interview.
Key highlights of the conversation:
Shares of the country's largest private sector lender by value rose as much as 2.66 percent, the most in over a week, to Rs 2,020 after it reported stable asset quality and met Bloomberg consensus earnings estimates in September quarter on Saturday.
Key earnings highlights:
Meanwhile, brokerages have maintained their bullish stance on the stock with Morgan Stanley expecting 30 percent upside in its stock price from its previous closing price.
Indian investors will be assessing the minutes of the central bank’s October policy meeting which signaled rates are likely to be on hold for some time after back-to-back hikes.
Earlier this month, the RBI’s monetary policy committee kept interest rates unchanged to ensure economic growth stayed on track, having lowered inflation forecasts for rest of the year and financial conditions tightened.
The yield on the benchmark 10-year bonds rose 1 basis point on Friday to end at 7.92 percent. That is after it having declined 6 basis points last week.
Meanwhile, the rupee is likely to start on a soft ground with both oil and the dollar trading steady overseas.
The rupee rose on Friday to end at 73.3250 per dollar and implied opening from forwards suggests pair may start trading around 73.4530 on Monday. Data from the RBI showed on Friday that India's FX reserves fell by the most in 7 years in the week to Oct. 12 as the central bank stepped up intervention after it surprised markets by keeping the rates unchanged.
JPMorgan
Edelweiss
Morgan Stanley
Edelweiss
Axis Capital
Nomura
Morgan Stanley
Macquarie
SBI Life Insurance (Q2, YoY)
ICICI Securities (Q2, YoY)
Bhansali Engineering Polymers (Q2, YoY)
Persistent Systems (Q2, QoQ)
Bhageria Industries (Q2, YoY)
Here are some key events coming up this week:
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