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Nifty Holds Record Gains As Consumer Goods Offset Pharma Losses

Nifty Holds Record Gains As Consumer Goods Offset Pharma Losses
(Source: Bloomberg)
9 years ago
Sensex, Nifty end higher, led by consumer goods stocks.

  • Shares down as much as 4.5% to Rs 188, the lowest since April 25, 2016
  • Q4 loss Rs 337 crore vs loss Rs 200 crore last year
  • Q4 revenue Rs 390 crore vs Rs 630 crore last year

  • Shares up as much as 5% to a record high of Rs 674
  • Q4 net income Rs 59.4 crore vs estimate Rs 45.1 crore
  • Q4 revenue Rs 1,060 crore vs estimate Rs 993 crore last year
  • Declares dividend of Rs 1.50 a share

  • S&P BSE Sensex index up 0.37% at 31,141, NSE Nifty index up 0.21% at 9,614
  • S&P BSE Consumer Durables index (+1.1%), S&P BSE Auto Index (+0.34%)
  • Top Sensex gainers: HDFC (+3.1%), HUL (2.7%), Cipla (2.6%)
  • Top Sensex Losers: Sun Pharma (-10.3%), Adani Ports (-5.1%), Infosys (-1.6%)
  • S&P BSE Healthcare index now down 1.7%, recouping from 3.8% slump earlier in the session

  • Q4 net income Rs 38.4 crore vs estimate Rs 42.9 crore
  • Q4 revenue Rs 1,280 crore vs estimate Rs 1,410 crore last year
  • Shares reversed earlier gains to trade down 0.1% at Rs 359

  • Shares up as much as 8.9% to a record high of Rs 182
  • Q4 net income Rs 16.9 crore vs Rs 12.6 crore last year
  • Q4 revenue Rs 214 crore vs estimate Rs 165 crore last year
  • Volume at 10.1 times its 30-day average

  • Shares up as much as 3.2% to Rs 860, the most since April 17
  • Q4 net income Rs 20.7 crore vs Rs 18.5 crore last year
  • Q4 revenue Rs 424 crore vs estimate Rs 340 crore last year
  • Volume at 1.6 times its 30-day average

Supreme Court allows liquor makers to move stocks from Bihar by July 31

Top court, earlier this year, had banned liquor outlets within 500 metres of national and state highways from April 1

  • United Spirits (-2.2%)
  • Radico Khaitan (-0.8%)
  • Pincon Spirit (-2.5%)
  • Som Distilleries (-0.8%)

  • PC Jeweller (+19.9%)
  • Tribhovandas Bhimji Zavri (+8.1%)
  • Thangamayil Jewellery (+2.5%)
  • Gitanjali Gems (+6.9%)
  • Titan Co. (+3.3%)
  • GST Council to meet on June 3 to discuss tax rates for gems and jewellery

  • Indian rupee lost 12 paise to 64.56 against the U.S. dollar, halting three sessions of gain
  • The partially convertible rupee 18 paise against the American currency to end at a one-week high of 64.44 on Friday

M&M Financial: 10 lakh shares exchange hands in a block

* Buyers and sellers were not immediately known

  • Nifty pharma index down 4%, the lowest since July 2014
  • Index has lost nearly 15% in the previous nine sessions
  • Sun Pharma (-12.1%), Aurobindo Pharma (-3.3%), Glenmark Pharma (2.6%)
  • Below-estimate quarterly earnings, concerns over U.S. FDA approvals continue to weigh on the index: analysts

ADAG Stocks Drop
  • Reliance Capital (-9.6%)
  • Reliance Infrastructure (9.1%)
  • Reliance Power (-8.2%)
  • Reliance Defence and Engineering (-6.3%)

  • Balrampur Chini (-4.2%): Q4 net income Rs 200 crore vs Rs 97.6 crore last year
  • CG Power (-8.2%): Q4 net loss Rs 444 crore vs estimate Rs 51.2 crore
  • Eros International (-7.4%): Q4 net income Rs 33.7 crore vs Rs 51.1 crore last year
  • DLF (-2.2%): Q4 net income Rs 143 crore vs estimate Rs 121 crore
  • India Cements (-2%): Q4 net income Rs 34.3 lakh vs estimate Rs 24.9 crore
  • Indian Hotels (-4.2%): Q4 net income Rs 31.2 crore vs Rs 68.6 crore last year
  • Ipca Labs (-2.7%): Q4 net income Rs 195 crore vs Rs 93.1 crore last year
  • Mahanagar Gas (+2.2%): Q4 net income Rs 99.5 crore vs estimate Rs 103 crore
  • Mandhana Industries (-4.9%): Q4 net loss Rs 67.7 crore vs profit Rs 19.4 crore last year
  • National Aluminium (+3.2%): Q4 net income +25% at Rs 268 crore; estimate Rs 271 crore
  • NRB Bearings (-4.2%): Q4 net income Rs 12.9 crore vs Rs 11.9 crore last year
  • ONGC (-0.9%): Q4 net income Rs 4,340 crore vs estimate Rs 5,070 crore
  • Orchid Pharma (-2.7%): Q4 net loss Rs 188 crore vs loss Rs 63.7 crore last year
  • SKF India (-1.9%): Q4 net income Rs 57.9 crore vs Rs 51.8 crore last year
  • Sun TV (-1.6%): Q4 net loss Rs 236 crore vs estimate Rs 242 crore
  • Torrent Pharma (-2.8%): Q4 net income Rs 206 crore vs estimate Rs 213 crore
  • Trent (-1.2%): Q4 net income Rs 25.3 crore vs Rs 19.8 crore last year
  • TV Today (+8.2%): Q4 net income Rs 36.6 crore vs loss Rs 18.4 crore last year

With government’s continuous efforts to remove the hurdles faced by power sector and encouraging reforms like coal linkage policy, we are seeing an improvement in the business environment. 
Gautam Adani, chairman, Adani Power 

  • Mercator: Bags contract worth Rs 98 crore for maintainence dredging at New Mangalore Port for three years.
  • Banco Products: Promoters sell 2.5 percent stake at an average price of Rs 222.58 each to Banco Aluminium.
  • Cadila Healthcare: Zydus receives final approval from U.S. FDA for “Acamprosate Calcium Delayed Release Tablets”
  • Videocon Industries: Circuit limit revised to 5 percent.
  • Bank of Baroda: Board approves raising additional capital funds worth Rs 9,000 crore.
  • Strides Shasun: U.S. FDA completes inspection of company's Bangalore plant; issues Form 483 with 3 observations.
  • For a complete list of stocks, click HERE

  • Bharat Heavy Electricals
  • Escorts
  • Parag Milk Foods
  • Aurobindo Pharma
  • Power Grid Corp. of India
  • Jubilant Foodworks
  • Power Finance Corp.
  • NTPC
  • Coal India
  • Larsen & Toubro

  • Crompton Greaves: New neutral at HDFC Securities, price target Rs 95
  • HeidelbergCement India: Raised to buy at ICICIdirect
  • Sun Pharma: Cut to neutral at JPMorgan, price target Rs 550; cut to underweight at Morgan Stanley, price target Rs 468
  • Tech Mahindra: Cut to neutral at JPMorgan, price target Rs 410; cut to equal-weight at Morgan Stanley

  • Queensland says Adani mine royalty payments could be deferred
  • Fight back against ‘Robophobia’ on automation, Modi Adviser says
  • OPEC cuts help India refiners to look for alternative oil: BPCL
  • Hot spots in emerging markets this week: Brazil, Mexico, India
  • Forex reserves rises $4.0 billion to $379.3 billion in a week to May 19: RBI
  • Cotton bulls retreat as output set to climb from India to U.S.
  • Shenzhen Bourse, India’s BSE sign cooperation MoU
  • Kalpen Parekh named president DSP BlackRock Investment Managers
  • Global funds sold Rs 274 crore of local stocks; domestic funds bought Rs 10,100 crore on May 26: Provisional data

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