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Sensex, Nifty Scale New Highs; Consumer Stocks Rally

Sensex, Nifty Scale New Highs; Consumer Stocks Rally
Source: Bloomberg
9 years ago
Sensex, Nifty hit record highs; Consumer goods stock rally.

  • Shares up as much as 5.3% to Rs 522, most since October 2016
  • Q4 revenue Rs 1,580 crore vs estimate Rs 1,570 crore
  • Q4 net income Rs 1,510 crore vs Rs 226.5 crore last year
  • Declares dividend of Rs 2.50 per share

  • Shares of the financial services firm rose as much as 2.4% to Rs 809, highest since February 2008
  • Q4 net income Rs 70.8 crore vs estimate Rs 60 crore
  • Declares dividend of Rs 2.60 per share
  • To raise funds up to Rs 500 crore via bonds, other options

  • Bharti Airtel: 27 lakh shares change hands in a block
  • Tata Power: 11 lakh shares change hands in a block
  • Tata Steel: 17 lakh shares change hands in a block
  • *Buyers and sellers were not immediately known

  • Shares climb as much as 17.2% to Rs 56.30, most since February 2017
  • Goa plant received approval from UK's Medicines & Healthcare products Regulatory Agency, the company said in a regulatory filing.
  • Volume at 2.4 times its 30-day average

  • Alembic: (+3.2%): Q4 net income Rs 30.2 crore vs Rs 24.8 crore last year
  • Astrazeneca India (-3.2%): Q4 net loss Rs 288 lakh vs profit Rs 55.7 lakh last year
  • Blue Star (+0.49%): Q4 net income Rs 37.2 crore vs estimate Rs 46.7 crore
  • Equitas Holdings (+0.52%): Q4 net income Rs 6.9 crore vs Rs 46.8 crore last year
  • Gujarat Mineral (+9.1%): Q4 net income Rs 90 crore vs estimate Rs 82.6 crore
  • Shemaroo Entertainment (-8.1%): Q4 net income Rs 13.8 crore vs estimate Rs 21 crore

Shares of the bio-pharmaceutical company plunged as much as 6% to Rs 982, lowest since January 2017.

U.S. FDA issued form 483 with 8 observations to company's Bengaluru facility. Biocon said it responded to drug regulator on all observations.

Volume at 10 times its 30-day average.

  • Capital First
  • Hero MotoCorp
  • KEI Industries
  • Phoenix Mills
  • Zee Entertainment

  • ACC: Raised to overweight vs neutral at JP Morgan
  • Bharti Infratel: Cut to hold vs buy at Jefferies
  • Shoppers Stop: Cut to Hold at ICICI Direct; price target Rs 350

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