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Nifty Reclaims 9,300 As Cement Makers, Realty Stocks Gain

Nifty Reclaims 9,300 As Cement Makers, Realty Stocks Gain
Source: Bloomberg News
9 years ago
Sensex, Nifty end higher, led by realty stocks.

  • Gross NPA 9.63% end-March vs 9.97 end-December
  • Q4 net income Rs 214 crore vs estimate Rs 364 crore last year
  • Declares dividend of Re 1 per share
  • RSI at 88, indicating that the stock may be overbought: Bloomberg data
  • Shares up 1.4% to Rs 400

  • IPO oversubscribed 59.49 times by afternoon
  • Qualified Institutional Buyers portion oversubscribed 44.27 times
  • Offer price band set at Rs 660-670 a share

  • Shares down as much as 3.1% to Rs 110, most since February 2017
  • Q4 loss Rs 41.8 crore vs loss Rs 33.7 crore last year
  • Volume at 1.6 times its 30-day average

  • Shares up as much as 9% to a record high of Rs 925
  • Q4 profit Rs 708 lakhs vs Rs 550 lakh last year
  • To pay final dividend of Rs 2.30 a share
  • Volume at 0.9 times its 30-day average

  • S&P BSE Bankex up 1.1%, amongst the top sectoral gainer on Sensex
  • ICICI Bank (+2.7%), State Bank of India (+1.1%), Bank of Baroda (+1.7%)

Shares of specialty chemicals provider climbed as much as 5.6% to a record high of Rs 25.45.

Vikas EcoTech gets order to supply organotin stabilizers from Mexichem, the company said in a regulatory filing.

Volume 1.6 times its 30-day average.

  • Eros International: 10 lakh shares change hands in a block
  • Shares up nearly 5% to Rs 228
  • *Buyers and sellers were not immediately known

  • Shares of the pharmaceutical company jump as much as 6.8% to Rs 412, most since January 2017
  • Caplin Point gets Establishment Inspection Report from the U.S. FDA for its sterile injectable site
  • Stock has gained 14.5% so far this year vs 12.75 rise for Sensex

  • Shares up as much as 4.5% to a record high of Rs 26,999
  • Q4 revenue Rs 2,130 crore vs estimate Rs 1,910 crore last year
  • Declares dividend of Rs 100 per share
  • Stock trades at 32.8 times estimated forward earnings per share vs 12.4 times for comparable companies: Bloomberg data

On Friday, the rupee plunged 20 paise to end at a fresh two-week low of 64.38 against the US dollar as a massive fall in local equities amid heightened global volatility took toll on the currency market.

(With inputs from PTI)

  • Apollo Tyres: (-2.1%): Q4 net income Rs 228 crore vs estimate Rs 236 crore last year
  • Avenue Supermarts (-2%): Q4 net profit surges 47% to Rs 96.6 crore
  • Blue Dart (-1.2%): Q4 net income Rs 24.5 crore vs estimate Rs 40.7 crore
  • Dalmia Bharat Sugar (-8.4%): Q4 net income Rs 39.2 crore vs Rs 56.2 crore last year
  • Equitas Holdings (-4.6%): Q4 net income Rs 6.9 crore vs estimate Rs 35.4 crore
  • Gillette India (+9.8%): Q3 net income Rs 106 crore vs Rs 81.1 crore last year
  • Great Eastern (-3.9%): Q4 net loss Rs 34.2 crore vs profit Rs 24.2 crore last year
  • NIIT Technologies (+2.8%): Q4 net income Rs 100 crore vs estimate Rs 70.4 crore last year
  • Monsanto India (+1.4%): Q3 net income up 25% to Rs 30.1 crore

  • Ambuja Cement: Board mulls possibility of merger with ACC.
  • Bosch: Resumed operations at its Adugodi unit.
  • Container Corporation of India: Signed four MoUs during the India Integrated Transport and Logistics Summit, 2017.
  • NDTV: Board approved sale of equity stake held by subsidiaries in NDTV Ethnic Retail for Rs 3.65 per share to Nameh Hotels and Resorts Pvt. Ltd.
  • Indian Bank: To seek approval for raising of equity capital by issuing 4.75 crore equity shares through various methods at its AGM on June 12.
  • Parag Milk Foods: Entered into a beverage market with the launch of its new product named 'slurp'.
  • For a complete list of stocks, click HERE

Indian rupee is expected to trade within Friday’s range i.e. 64.15-64.50. Expect euro to harden further from Friday’s level post the French election outcome.
Yash Pal Gupta, Chief General Manager (Treasury), IDBI Bank

  • ACC: Raised to outperform from sell at CLSA; price target Rs 1,925
  • Ambuja Cements: Raised to buy from sell at CLSA; price target Rs 310
  • Tata Communications: Cut to hold from buy at ICICIdirect; price target Rs 650

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

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