Shares of the human resource service provider swung between gains and losses and traded at Rs 2,754. The company announced its results for March quarter.
Key earnings highlights (Q4, QoQ):
Shares of the plyboard maker extended decline for the second straight trading session and fell as much as 8 percent, the most since November 2016 to a six-month low at Rs 279.45. The company’s profit declined 36 percent on a yearly basis.
Key earnings highlights (Q4, YoY):
Key highlights from the conversation:
Shares of TVS Motor Co. fell as much as 6.5 percent to Rs 580.10. The company's profit rose for the fourth straight quarter but fell short of analysts estimates.
Key earnings highlights (Q4, YoY):
About 47.1 lakh shares of Shree Renuka Sugars changed hands in a block deal on BSE, according to Bloomberg. Buyers and sellers were not known immediately.
Shares of Hindalco Industries fell as much as 2.8 percent to Rs 237.60 after the company's net profit declines the most in nine quarters.
Key earnings highlights (Q4, YoY):
Shares of ITC Ltd. rose as much as 1.4 percent to Rs 285.90. The company's net profit rose for the ninth straight quarter and met analysts estimates.
Key earnings highlights (Q4, YoY):
Shares of rose as much as 9.1 percent to Rs 110.50, after the company reported profit in March quarter.
Key earnings highlights:
Key highlights from the conversation:
Shares of DB Corp swung between gains and losses and traded at Rs 272.50. The company’s net profit declined for the third straight quarter.
Key earnings highlights (Consolidated Q4, YoY):
Shares of the country’s largest two-wheeler manufacturer fell as much as 4.1 percent, the most in a little more than three months, snapping a brief two-day gaining streak.
Hero MotoCorp was trading as the top loser on the NSE Nifty Auto Index. The sectoral index lost as much as 0.9 percent in intra-day trading today and around 7.7 percent so far this year.
Trading volume was 2.7 times the 20-day average. The stock has lost around 6.4 percent so far this year.
Key highlights from the conversation:
Key highlights from the conversation:
About 10 lakh shares of Federal Bank changed hands in a block deal, according to Bloomberg. Buyers and sellers were not known immediately.
Shares of the real estate developer rose as much as 10.5 percent, the most in 10 days to Rs 205.35. The company’s board plans to consider buyback in a meeting on Friday, according to its stock exchange filing.
Trading volume was 2.8 times its 20-day average. The stock declined 11 percent so far this year.
Key highlights from the conversation:
Shares of Reliance Communications extended losses and fell as much as 18.6 percent after 17.3 lakh shares changed hands in a block deal, according to Bloomberg data. Buyers and sellers were not known immediately.
Shares of the country’s second-largest steelmaker by market value fell as much as 1.1 percent to Rs 617, ahead of its earnings announcement.
The company is expected to swing to profit in March quarter, according to analysts surveyed by Bloomberg.
Key earnings preview:
Key highlights from the conversation:
Shares of Mangalore Refinery and Petrochemicals Ltd. fell as much as 6 percent, the most since March 5, to nearly 14-month low at Rs 99.10.
The company’s net profit declined the most in over three years, after profit slumped nearly 70 percent on a yearly basis, according to its stock exchange notification.
Key highlights from the conversation:
Shares of Anil Ambani-led telecom operator fell as much as 13 percent to more than four-month low at Rs 10.75.
The Mumbai bench of NCLT ordered that the wireless carrier be placed in insolvency proceedings, jeopardising its proposed $3.7 billion asset sale to Reliance Jio Infocomm Ltd., Bloomberg reported.
Here's a lineup of all major corporate meetings over the next few days.https://t.co/V8yLtYUfxR pic.twitter.com/yRXfNsKXz5
— BloombergQuint (@BloombergQuint) May 16, 2018
Bond yields are set to rise for a sixth straight day amid growing expectations that the Reserve Bank of India may hike interest rates sooner rather than later.
The yield on the 10-year benchmark rose eight basis points on Tuesday to 7.90 percent, the highest since May 2015. Yields jumped following data late Monday which showed consumer price inflation accelerated faster than estimated.
Foreigners have pared holdings of Indian government and corporate debt for an eighth day on Tuesday, being net sellers of Rs 340 crore.
The foreign sell-off of Indian bonds at the fastest pace on record is weakening the rupee. The local currency may come under more pressure as surging oil prices threaten to hurt the nation’s finances and as rising U.S. yields put the dollar on the front foot.
The rupee fell nearly 1 percent to 68.1075 per dollar, the lowest since January 2017, after local election results showed the Bharatiya Janata Party would fall short of simple majority in the Karnataka state election.
Macquarie on CG Consumer
Credit Suisse on CG Consumer
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