DSIJ Mindshare

Indian benchmark indices are expected to open with modest losses as the cues from the Asian peers are mostly soft. In a very important and significant cabinet reshuffle, Smriti Irani was moved out of the I&B ministry and Rajyavardhan Rathore will take charge of the I&B ministry, while Piyush Goyal will take additional charge of the Ministry of Finance till Arun Jaitley recovers from his illness. Market participants will wait for the outcome of Karnataka assembly elections as it will dictate the movement of the market. 

Dr Lal Pathlabs reported stable numbers for the Q4FY18 with strong revenue numbers and strong bottomline growth

The PAT for the quarter came in at Rs. 51.76 crore, an increase of 36 per cent YoY. This was due to a one-time gain of Rs 5.27 crore during the quarter. 

Nile reported weak numbers for Q4FY18 with declining margins due to higher raw materials costs.

Praj Industries surged as much as 6.16 per cent from the previous close with 4.73 times volume spurt. The stock of Praj Industries gave a resistance breakout on closing basis on Monday. This may be ahead of the corporate results which the company is likely to announce on May 16.