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Board of directors of the country's largest wireless telecom service provider approved raising up to Rs 25,000 crore via rights issue.
Shares of the Chennai-based hotel chain operator rose as much as 8.56 percent to Rs 48.85 after its profit rose over six times in December quarter.
Key earnings highlights:
Shares of the country's largest cigarette maker fell as much as 4.28 percent, the most since February 2018, to Rs 277.35 after its margins missed Bloomberg consensus estimates in December quarter.
ITC Ltd.’s profit rose at its slowest pace in seven quarters but met analyst estimates.
Net profit rose 4 percent year-on-year to Rs 3,209 crore in the quarter ended December, the country’s largest cigarette maker said in an exchange filing. That compares with the Rs 3,129 crore consensus estimate of analysts tracked by Bloomberg.
Indian equity benchmarks extended decline led by losses in ITC after its margins missed Bloomberg estimates in December quarter.
The S&P BSE Sensex fell 0.45 percent or 158 points to 36,284 and the NSE Nifty 50 Index declined 0.35 percent or 38 points to 10,884.
Fifteen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Power Index's 0.7 percent decline. On the flipside, S&P BSE Metal Index was top gainer, up 0.84 percent.
The overall market breadth was negative as 1,340 shares were declining while 1,107 were advancing on the BSE.
Shares of the country's largest cigarette maker erased gains and declined as much as 0.7 percent to Rs 288 despite meeting Bloomberg estimates in December quarter.
Key earnings highlights:
Shares of the Pune-based government-owned bank rose as much as 8.45 percent to Rs 15.40 after its asset quality improved in December quarter sequentially.
Key earnings highlights:
Shares of the Mumbai-based textile manufacturer held on to gains and rose 0.8 percent to Rs 819 after it reported 30 percent increase in net profit in December quarter.
Key earnings highlights:
Shares of the Gujarat-based newspaper publisher declined 0.3 percent to Rs 177 after its profit declined in December quarter.
Key earnings highlights:
Shares of the country's largest cigarette maker rose 1.14 percent to Rs 293.05 ahead of December quarter earnings.
Here is what to expect from ITC in Q3 (Standalone estimates compiled by Bloomberg):
Shares of the Delhi-based liquor maker held on to gains and rose as much as 2 percent to Rs 421.60 after its profit rose in December quarter.
Key earning highlights:
ArceloMittal approaches NCLAT to expedite Essar Steel insolvency proceedings at NCLT Ahmedabad.
— The Fineprint (@BQthefineprint) January 23, 2019
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Shares of the Bengaluru-based public sector lender fell as much as 2 percent to Rs 44.45 after its asset quality deteriorated further in December quarter.
Key earnings highlights:
Shares of the Chennai-based water and sewage treatment plant builder rose as much as 5.69 percent to Rs 305.80 after it secured desalinisation order worth Rs 467 crore from Mangalore Refinery and Petrochem towards construction of a 30 MLD Sea Water Desalination plant expandable up to 70 MLD in Karnataka.
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Ahmedabad-based specialty pharma company extended gains and rose as much as 3.92 percent to Rs 228 after its profit increased in December quarter.
Key earnings highlights:
Shares of JMC Projects (india) Ltd. halted a four-day decline and rose as much as 2.1 percent to Rs 90.95.
The company bagged orders worth Rs 507 crore for residential and commercial projects in South India, according to its stock exchange filing.
The stock advanced 4.5 percent so far this month compared to a 1 percent rally in the Sensex.
SEBI Considers Reducing Number Of Strikes To Prevent Misuse Of Options
Shares of Den Network rose as much as 2.6 percent to Rs 71.75 and the shares of Hathway Cable & Datacom rose as much as 3.6 percent to Rs 31.95.
Reliance Industries received Competition Commission of India’s nod for acquisition of stake in Den Networks and Hathway, according to its stock exchange filing.
Meanwhile, shares of RIL fluctuated between gains and losses to trade a little changed at Rs 1,236.
Nifty’s 11,000 call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract fell 4.6 percent to Rs 69.95. Over 3.47 lakh shares were reduced from the open interest which stood at over 37.22 lakh shares.
Shares of Bombay Burmah Trading Corporation Ltd. rose as much as 5.8 percent, the most since Dec. 28, to Rs 1,291.55.
Trading volume was more than 30 times its 20-day average, Bloomberg data showed. The stock declined 18.8 percent over the past year compared to a 2 percent advance in the Sensex.
The company’s net profit fell 34 percent on a yearly basis to Rs 296.8 crore during October-December period, according to its stock exchange filing.
Key Earnings Highlights (Q3, YoY)
Here’s what analsyts had to say about ICICI Prudential after the company announced its quarterly results:
Macquarie
CLSA
Shares of Bharti Infratel rose as much as 1.4 percent to Rs 281.40 ahead of its results announcement.
The stock traded at 22 times estimated forward earnings per share for the coming year, Bloomberg data showed. The stock has declined 19 percent in the past 12 months compared to a 1.8 percent advance in the Sensex.
Here's what analysts tracked by Bloomberg expects the company report on a sequential basis in its December quarter earnings:
Macquarie
CLSA
CLSA
Macquarie
CLSA
Macquarie
Macquarie
CLSA
CLSA
Macquarie
Macquarie
CLSA
Emkay on Reliance Nippon
SBICap on Aviation
Kewal Kiran Clothing
HDFC Standard Life Insurance (Q3, YoY)
ICICI Pru Life Insurance (Q3, YoY)
Oberoi Realty (Q3, YoY)
Sadhana Nitrochem (Q3, YoY)
Genus Power Infra (Q3 Standalone, YoY)
Syngene International (Q3, YoY)
Confidence Petroleum (Q3, QoQ)
Agro Tech Foods (Q3, YoY)
Why Investors May Have Sent Prabhat Dairy Shares On A Wild Swing
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