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Shares of the gold exporter fell as much as 6.9 percent to trade at over a two-month low at Rs 566.20.
The Relative Strength Index was 27, indicating that the stock may be oversold, according to Bloomberg data. The stock traded at 9.9 times estimated forward earnings per share compared to 13.6 times for the two-year historical average.
Shares of the housing finance company rose as much as 3 percent to Rs 960.20. The company is set to announce its quarterly results for the July-September period today.
The stock traded at eight times estimated forward earnings per share compared to 11.3 times for the two-year historical average, Bloomberg data showed.
Shares of ITC extended gains for the second day and rose as much as 2.9 percent to Rs 282.75.
The company is set to announce its quarterly results for the July-September period on Oct. 26.
The stock has returned 9.1 percent so far this year, compared to a 3.3 percent advance in the Sensex.
MT Educare (Q2, YoY)
TV18 Broadcast (Q2, Consolidated, YoY)
Shares of the textile company rose as much as 19.2 percent, the most in over three years to Rs 68.90. The company’s profit jumped 114 percent on a yearly basis during the July-September period, according to its stock exchange notification.
Key earnings highlights (Q2, YoY):
Billionaire investor Rakesh Jhunjhunwala added 13.3 lakh shares or 0.4 percent equity of DHFL as of the quarter ended September. Jhunjhunwala currently holds one crore shares or 3.2 percent equity in DHFL.
Shares of the Mumbai-based lender fell as much as 3.6 percent to Rs 1,592.20 after its quarterly profit during the July-September period missed estimates. (more details here).
Key earnings highlights (Q2, YoY):
Shares of Zee Learn rose as much as 9.9 percent to Rs 41. The company's profit declined nearly 40 percent on a sequential basis, according to its stock exchange filing.
Key earnings highlights (Q2, QoQ):
Moody’s said that the Indian non-bank financial institutions’ credit profiles would erode significantly if the current liquidity stress is protracted.
“In our base scenario, the authorities will continue to take measures to limit the scope and duration of the prevailing liquidity challenges, while most NBFIs can cope with multi-weeks of tight liquidity conditions,” Moody's Investors Service Vice President Srikanth Vadlamani said. “However, prolonged liquidity distress will significantly erode the NBFIs’ credit standing, and prove negative for the broader economy and structured finance sector.”
India’s wholesale price-based inflation rose in September. The inflation, measured by the Wholesale Price Index, stood at 5.13 percent last month, according to a statement by the Ministry of Commerce and Industry. A Bloomberg poll of economists had estimated it to be around 5 percent.
The U.S. FDA has started the inspection of Lupin Ltd.'s Pithampur (Indore) plant, according to two people familiar with the matter.
E-mail sent to the pharmaceutical company remains unanswered.
#Q2WithBQ | Steady earning trajectory expected to continue for IndusInd Bank. @shraddha_babla tells you the key factors to watch for. pic.twitter.com/W48RaX3nXT
— BloombergQuint (@BloombergQuint) October 15, 2018
Shares of the pharmaceutical company rose as much as 5.7 percent to Rs 716.70.
The U.S. court affirmed prior decisions finding Copaxone patents invalid, according to its stock exchange filing.
The stock traded at 16.2 times estimated forward earnings per share compared to 24.9 times for the two-year historical average, Bloomberg data showed.
Shares of the recruitment service provider rose as much as 6.7 percent to Rs 1,583.
The company said that it reduced its stake in Zomato to 27.68 percent from 30.91 percent after Zomato signed a definitive agreement to raise $210 million from existing shareholder Ali Baba Group’s Alipay Singapore Holding.
The stock has returned 11.9 percent so far this year compared to a 3 percent advance in Sensex.
Shares of the private lender rose as much as 4 percent to Rs 486.
The bank got the SEBI’s exemption on one-year lock-in in equity shares held by promoter shares after the IPO. The Reserve Bank of India had imposed penalties on the Bank for not diluting promoter shareholding in line with rules.
The rise traded 26.7 percent higher since its listing.
Shares of the electricity supplier rose as much as 5.4 percent to Rs 950.
The company plans to go ahead with part demerger plan which will result into three instead of earlier planned four businesses. It will continue to seek the PPA actively and eventually demerge the power generation and distribution businesses.
At present, the company will keep its power generation and distribution businesses in a single entity and demerger the retail and venture companies.
Each shareholder holding 10 shares of CESC to get six shares in retail and two shares in venture company. The record date for eligibility is set at Oct. 31.
HUL Case: Higher Grammage Vs Lower Prices - How To Pass GST Benefit?
Shares of the D-Mart operator fell as much as 6 percent to Rs 1,325.10. The company’s September quarter’s profit missed the analysts' consensus estimate tracked by Bloomberg.
Key earnings highlights (Q2, YoY):
A quick look at corporate insider trades reported last Friday.
— BloombergQuint (@BloombergQuint) October 15, 2018
Read: https://t.co/zfg8Z1i8bb pic.twitter.com/mZtBhPAYqP
Stocks In Ban: IDBI Bank
New In Ban: Adani Power
CLSA
Morgan Stanley
B&K on Karnataka Bank
IDFC Securities on CESC
Macquarie on Maruti Suzuki
HUL (Q2, YoY)
Jay Bharat Maruti (Q2, YoY)
Avenue Supermarts (Q2, YoY)
AU Small Finance Bank (Q2, YoY)
(Source: PTI)
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