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28th Jan, 2020

Century Textile's Q3 net profit slips 57%; stock down 3%

Published on: 1:46 pm

  • Century Textiles & Industries Ltd (Century Textiles) announced its results for the quarter ended December 31, 2019 today. The company's net profit plunged ~58% yoy at Rs36cr vs. Rs84.2cr in Q3FY19.
  • The stock dipped more than 3% in trade today post the result announcement. Read more

Maruti Suzuki posts 5.1% yoy growth in net profit for Q3FY20

Published on: 1:41 pm

  • The Board of Directors of Maruti Suzuki India Ltd. on Tuesday approved the financial results for the period October-December 2019 (Quarter 3) and April-December, FY 2019-20.
  • During the quarter, the company registered net sales of Rs19,649.1cr, higher by 3.8% yoy compared to the same period previous year. Read more

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Indices volatile amid choppy trade

Published on: 1:24 pm

  • Indian equity indices are trading extremely volatile on Tuesday, with the Sensex currently trading higher at 41,232, and the Nifty above 12,132. (1.28PM)
  • Nifty Pharma and Financial Services are leading gainers amid sectoral indices. Read more

Oil slips for 6th day as virus outbreak grips markets

Published on: 12:56 pm

  • Oil prices have been on the decline since Friday in New York and Asia owing to fears of the Wuhan virus on global consumption.
  • Brent crude fell 0.6% at $58.95/bbl. WTI crude was just bove $52/bbl. Read more

Coal India's output in January up 10.7%; stock slips ~2%

Published on: 12:18 pm

  • Coal India Limited (CIL) clocked double digit growth of 10.7% in coal productionfor the month of January 2020, ti11 27th. Coal supplies to consuming sector grew by 6.20%. 
  • The stock is trading lower by 1.7% in trade today. Read more

DHFL locked in 5% lower circuit over arrest of promoter Kapil Wadhawan

Published on: 12:10 pm

  • Shares of Dewan Housing Finance Corporation (DHFL) were locked at 5% lower circuit on January 28, 2020, after the Enforcement Directorate (ED) arrested Kapil Wadhawan, the promoter of company.
  • On January 27, the ED arrested Kapil Wadhawan, the promoter of DHFL in connection with the Iqbal Mirchi case. The arrest was made in connection with a money laundering case being investigated against late drug smuggler Iqbal Memon alias Mirchi. Read more

Nifty Metal extends losses amid weak global sentiment

Published on: 11:10 am

  • Nifty Metal extended declines further as global stocks reeled under the fears of the escalating virus outbreak in China.
  • The ongoing public health crisis is expected to take a toll on the Chinese economy and radiate to the world economy. Read more

Navin fluorine surges ~6% post Q3 results

Published on: 11:00 am

  • Navin Fluorine is trading higher by nore than 6% in trade today. The company had announced its earnings for the quarter ended December 31, 2019 on Monday.
  • The Q3FY20 results of the company witnessed a rise on all fronts. Read more

Alembic Pharma gets USFDA nod for Azithromycin tablets; stock surges 2%

Published on: 10:08 am

  • Alembic Pharmaceuticals Limited (Alembic) today announced it has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Azithromycin Tablets USP, 600 mg.
  • The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Zithromax Tablets, 600 mg, of Pfizer, Inc. (Pfizer). Read more

HDFC Ltd. rises 2.5% after Q3 net profit soars 396% yoy

Published on: 9:58 am

  • HDFC Ltd. on Monday reported its Q3FY20 results post market hours. 
  • The lender's net profit rose nearly 4x times to Rs8,372.4cr in the quarter vs. Rs2,113.8cr in the year-ago period. The sharp rise in PAT was due to the one-time gain from the merger of Bandhan Bank with Gruh Finance. Read more

Cipla receives EIR for Invagen facility from USFDA; stock trades lower

Published on: 9:39 am

  • Cipla Ltd informed the exchanges today that United States Food and Drug Administration (USFDA) had conducted an inspection at the lnvagen (US) manufacturing facility from December 2, 2019 to December 6, 2019.
  • Further to the development, the company has received the Establishment Inspection Report (EIR), indicating closure of the inspection. Read more  

Markets open higher; Auto, financial services stocks lead

Published on: 9:24 am

  • Indian equity indices opened higher on Tuesday, with the Sensex up 73 points or 0.18% at 41,228, and the Nifty up 9 points at 12,128. (9.20 AM)
  • Sectorally, Nifty Financial Services and Auto rose 0.8% each leading gainers, while Nifty Metal was down 0.5% amid weak global cues. Read more

United Spirits posts higher numbers on all fronts for Q3

Published on: 8:57 am

  • For Q3FY20, United Spirits witnessed a rise on all fronts on a yearly basis.
  • The comapny's revenue for the quarter under review came in higher at Rs2,587.6cr, up2.6% yoy vs. Rs2,514.4cr in Q3FY19. Read more

Rupee opens higher at 71.37/$

Published on: 8:55 am

  • The Indian rupee gained in the early trade on Tuesday, opening higher by 7 paise at 71.37/$ vs. its previous close of 71.44/$.
  • On January 27, the rupee declined by 10 paise against the USD amid heavy selling in domestic equities and rising concerns over the spread of the coronavirus from China to other countries. Read more

IndiGo appoints Ronojoy Dutta as Whole Time Director & CEO

Published on: 8:40 am

  • Ronojoy Dutta has been redesignated as a Whole Time Director and Chief Executive Officer of InterGlobe Aviation Limited with immediate effect.
  • The decision was taken unanimously by the Board of Directors of the Company at its meeting held today. The term of Mr. Dutta’s appointment in his new role will be valid up to Janury 23, 2024. Read more

ITI's FPO subscribed 9% on Day 2, Retail book subscribed 50%

Published on: 8:40 am

  • Government Owned, Telecommunications Technology Company, ITI Limited was subscribed 9% on day two of bidding on Monday, January 27, 2020, closes on Tuesday, January, 28, 2020.
  • At a price band of Rs72-77, the FPO received total bids for 1,52,21,800 shares as against 18,18,00,000 equity shares, as per the data on both the exchanges at 5.00pm yesterday. The 138.6cr portion reserved for retail individual investors saw bids for 90,10,350 shares and was subscribed 50%. The NII portion saw bids for 3,50,700 shares, was subscribed 1% and QIB portion bids remained unchanged from day 1.  The employee portion of 13.86cr was subscribed 18%. Read more

BSE Equity Derivatives touches a new milestone; turnover of Rs3,524cr

Published on: 8:28 am

  • The S&P BSE Sensex futures and options witnessed a record turnover of Rs3,524cr today on January 27, 2020.
  • The Equity derivatives are gaining momentum after the interoperability implementation. BSE had recently launched Liquidity Enhancement Scheme in Equity Derivatives and a revised scheme is applicable from November 25, 2019. Read more

BSE Equity Derivatives touches a new milestone; turnover of Rs3,524cr

Published on: 8:28 am

  • The S&P BSE Sensex futures and options witnessed a record turnover of Rs3,524cr today on January 27, 2020.
  • The Equity derivatives are gaining momentum after the interoperability implementation. BSE had recently launched Liquidity Enhancement Scheme in Equity Derivatives and a revised scheme is applicable from November 25, 2019. Read more

HDFC Ltd.'s Q3 net profit soars ~4x yoy on gain from Gruh-Bandhan merger

Published on: 8:17 am

  • HDFC Ltd. on Monday reported its Q3FY20 results post market hours. 
  • The lender's net profit rose nearly 4x times to Rs8,372.4cr in the quarter vs. Rs2,113.8cr in the year-ago period. The sharp rise in PAT was due to the one-time gain from the merger of Bandhan Bank with Gruh Finance. Read more

Commodity Mantra Morning Update: Gold higher, Oil slips; metals positive

Published on: 8:17 am

  • MCX gold price has moved higher from lower levels during Monday’s session. Gold price has given breakout of its rising trend at 40,400 levels on the hourly chart. 
  • MCX Crude Oil price has moved lower during the day. The price has given breakdown of lower band of rising channel at 3,950 levels on the hourly chart. Read more

Torrent Pharma's adj. PAT grows by 17% yoy to Rs251cr

Published on: 8:06 am

  • Torrent Pharma reported its Q3FY20 revenue at Rs1,966cr (down by 4% yoy). Adjusted for one-time settlement income, revenue went down by 1%. Gross margins came in at 72.4% in the said quarter.
  • EBITDA stood at Rs591cr (EBITDA margin of 30%), up by 6% yoy. Adjusted for one-time impact of patent related settlement and litigation cost in previous year, EBITDA growth is 13%. Read more

SGX Nifty indicates a negative opening for Indian markets

Published on: 8:04 am

  • SGX Nifty is at 12,085,down by 31 points. 
  • For today, expect some more consolidation with 12000 being defended as we see higher volatility going into expiry of derivatives on Thursday. Lower crude to bode well for Rupee, flows and bonds as crisis sees Indian bourses relatively outperform. Read more

Top stocks in focus: Maruti, Interglobe Aviation, HDFC, Dr Reddy's, DHFL

Published on: 8:00 am

  • Mahindra Holdings Limited completed acquisition of 50.02% of equity share capital of Fifth Gear Ventures Limited.
  • GHCL Board approves buyback of up to 24 lakh equity shares.
  • Adani Gas clarifies in relation to the news about Rs400cr of a penalty being charged. The company says as on date, no penalty has been charged on the company & it has duly responded to Petroleum & Natural Gas Regulatory Board about the same. Read more

Derivative watch

Published on: 7:38 am

On the options front (January 30, 2019 expiry), across the board call option writing was seen in both Nifty and Bank Nifty.

What not to miss today

Published on: 7:33 am

  • Markets to open negative; support @12,075, resistance 12,225.
  • FIIs bought shares worth ~Rs438cr (cash), sold 2,269cr in index futures.
  • US markets closed lower, Asian weak.
  • Rupee settles 10p lower at 71.43/$.
  • Brent crude down at $59.17/bbl. Read more

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