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Nifty Rises To Record As Easing Inflation Spurs Rate Cut Hopes

Nifty Rises To Record  As Easing Inflation Spurs Rate Cut Hopes
An electronic ticker stands above the trading floor at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan. (Photographer: Kiyoshi Ota/Bloomberg)
9 years ago
Sensex, Nifty gain led by financials, realty stocks.

  • Shares up as much as 2.6% to Rs 243, highest since April 28
  • Q4 consol income Rs 1,410 crore vs loss Rs 13,931 crore last year
  • Q4 consol revenue Rs 24,612 crore vs Rs 18,172 crore last year
  • Analyst consensus price target is 25% above the current price

Shares of the toothpaste maker slid as much as 2.3 percent after its fourth quarter earnings miss street estimates.

  • Q4 net income Rs 143 crore versus Rs 155 crore estimated
  • Revenue Rs 1,180 crore versus Rs 1,130 crore
  • Total costs Rs 967 crore
  • Other income Rs 8.01 crore

Colgate India FY17 volumes drop by 3 percent due to ‘soft’ consumer demand, company said in its exchange filing.

  • Shares up as much as 5% to Rs 27.10, highest since January 2015
  • Gross bad loans 2.45% end-March vs 3.98% end-December
  • Q4 net income Rs 75.5 crore vs estimate Rs 100 crore
  • RSI at 71, indicating that the stock may be overbought

  • S&P BSE Metal index up as much as 1.9%, the most since March 16
  • Global commodity prices rise: Zinc rebounds from 1-month low, copper climbs for third day
  • Momentum strong as China pledges $78 billion of investment in Belt & Road Initiative, boosting demand outlook
  • Hindalco Industries (+3.6%), Tata Steel (+2.7%), Jindal Steel & Power (+1.9%)

  • Shares up as much as 8.1% to a record high of Rs 2,809
  • Q4 net income Rs 311 crore vs estimate Rs 193 crore
  • Says loan book at Rs 24,400 crore end-March vs Rs 13,050 crore
  • Volume at 6.3 times its 30-day average

  • Hathway Cable: 18 lakh shares change hands in a block
  • Dabur India: 24 lakh shares change hands in a block
  • Ambuja Cements: 39 lakh shares change hands in a block
  • *Buyers & sellers were not immediately known

  • Atul Auto: (-1.1%): Q4 net income Rs 6.2 crore vs Rs 10.9 crore last year
  • Central Bank of India (-3.5%): Q4 net loss Rs 592 crore vs loss Rs 898 crore last year
  • D-Link India (-16.8%): Q4 loss Rs 1.3 crore vs profit Rs 6.3 crore last year
  • Gati (+0.9%): March-quarter net income Rs 7.7 crore vs Rs 5.9 crore last year
  • Jammu & Kashmir Bank: (+2.3%): Q4 net loss Rs 554 crore vs loss Rs 56 crore last year
  • Nestle India (+3.2%): Q1 net income Rs 300 crore vs estimate Rs 331 crore
  • New Delhi Television (+9.7%): Q4 net income Rs 5.3 crore vs loss Rs 77 lakhs last year
  • Tata Teleservices (-1.8%): Q4 net loss Rs 1,370 crore vs loss Rs 21.9 crore last year

  • Idea Cellular: The telecom operator reported a loss for the second straight quarter.
  • Titan Company: Net profit missed estimate due to higher raw material and other input costs.
  • Inox Wind: Wind turbine maker postd a 36 percent decline in March-quarter profit, missing estimates.
  • Nestle India: Net profit in the March quarter grew 6.9 percent, but missed analyst estimates.
  • Godrej Industries: Board of Directors of subsidiary Godrej Agrovet Ltd. grant approval for the proposed IPO.
  • IndiaBulls Ventures: Merrill Lynch Markets Singapore PTE. Ltd. buys 27.5 lakh shares at Rs 149.99 each.
  • For a complete list of stocks, click HERE

  • Asian Paints: Cut to hold at Reliance Securities
  • Glenmark Pharma: Cut to hold at HSBC; price target Rs 791
  • Titan: Cut to outperform at CLSA; price target Rs 555
  • Havells India: Cut to neutral at JPMorgan; price target Rs 480

  • Bata India
  • Colgate Palmolive
  • Indo Count Industries
  • Kajaria Ceramics
  • Mangalore Refinery and Petrochemicals
  • Polaris Consulting & Services’
  • Vedanta

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