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Sensex, Nifty Consolidate Gains; ABB India SurgesĀ 

Sensex, Nifty Consolidate Gains; ABB India SurgesĀ 
A looks at financial data on computer screens on the trading floor at ETX Capital, a broker of contracts-for-difference, in London, U.K. (Photographer: Luke MacGregor/Bloomberg)
9 years ago
Sensex, Nifty end little changed; Capital goods stocks climb.

  • Offer oversubscribed 1.4 times in the afternoon session on the second day
  • IPO, which has a price band of Rs 56-60 per share, will close on May 11

  • Shares up as much as 4.4% to Rs 95, highest since December 2015
  • Q4 net profit Rs 104 crore vs loss Rs 2,160 crore last year
  • Gross bad loans 8.5% end-March vs 8.69% end-December

  • Stock up as much as 5.6% to Rs 90.50, highest since March 2015
  • Bhushan Steel said no final decision yet on long-term solution for company's debt
  • Volume at 4.3 times its 30-day average

  • Shares up as much as 9.9% to Rs 97.40, highest since January 2011
  • Q4 net profit Rs 200 crore vs Rs 71.3 crore last year
  • Gross bad loans 6.59% end-March vs 6.98% end-December

Passenger vehicle sales, which include SUVs and vans rise 15 percent to 277,602 units for the month of April, according to data released by the Society of Indian Automobile Manufacturers in New Delhi.

  • Local car sales 190,788 units versus 162,566
  • Two-wheeler sales 16.75 lakh units versus 15.60 lakh
  • Truck, bus sales 41,490 units versus 53,885
  • Total domestic sales at 20.30 lakh units, up 6.8 percent

  • Tech Mahindra: 24 lakh shares change hands in two block deals
  • Titan: 29 lakh shares change hands in a block deal
  • *Buyers and sellers were not immediately known

  • Stock pares early gains to trade down nearly 1.8% at Rs 658
  • Shares list at Rs 700 on the NSE, a premium of 4.5% to the issue price
  • S Chand’s shares on offer saw an overall subscription by 60 times

  • ABB India (+9.5%): Q1 net income Rs 88.1 crore vs estimate Rs 95.1 crore last year; Q1 order inflows up 28%
  • Nocil (+1.9%): Q4 net income Rs 25.5 crore vs Rs 22.5 crore last year
  • Repro India (-1.5%): Q4 net income Rs 4.1 crore vs loss Rs 13.1 crore last year

  • Shares down as much as 3.6% to Rs 180, most since February 2017
  • Q4 net income Rs 108 crore vs estimate Rs 146 crore
  • Gross NPA down 11.17 percent end- March vs 11.7 percent end-December
  • Stock jumped nearly 48% year-to-date compared with 13% rise in benchmark Sensex

  • Shares of telecom tower company down as much as 2.3% to Rs 356, most since April 2017
  • Q4 net income Rs 597 crore vs estimate Rs 697 crore
  • Q4 revenue Rs 1,610 crore vs Rs 1,420 crore last year
  • Declares dividend of Rs 4 a share
  • Stock trades at 22.3 times estimated forward earnings per share vs 25.7 times for 2 year historical average: Bloomberg data

  • Bharti Airtel Limited
  • Dena Bank
  • Godrej Consumer Products
  • Future Retail
  • InterGlobe Aviation

  • Godrej Properties: Cut to 'Neutral' at JPMorgan with a price target of Rs 520
  • Orient Cement: Cut to 'Reduce' at Elara Securities India with a price target of Rs 165
  • Bharti Infratel: Cut to 'Sell' at Ambit Capital; price target Rs 375

  • Federal Bank: Seeks shareholders nod to raise foreign investment limit to 74 percent.
  • Bharti Infratel: Q4 profit fell 17 percent but sales rose 13 percent.
  • Union Bank: Profit grew 13 percent from last year while provisions jumped 46 percent compared with December-quarter.
  • S Chand: Shares list today at an issue price of Rs 670 per share.
  • Shankara Building Products: Reliance Mutual Fund sold 7.4 percent while Templeton Mutual Fund & SBI Mutual Fund together bought 4.3 percent stake.
  • Pokarna: Announces 5:1 stock split; company's fourth-quarter profit surged 223 percent.
  • For a complete list of stocks, click HERE

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