Sensex gains by 353 points; Vodafone Idea jumps by 14 per cent, Aarti Industries slips by more than 3 per cent Sensex gains by 353 points; Vodafone Idea jumps by 14 per cent, Aarti Industries slips by more than 3 per cent DSIJ Intelligence / Friday, August 28, 2020 0 1967 Article rating: 3.3 On Friday, the markets were dominated by the banks. Sensex managed to close at 39467.31 up by 353.84 points or 0.90 per cent. Nifty closed at 11655.25, up by 96 points or 0.83 per cent. Read more
One year returns analysis of Nifty & Nifty companies One year returns analysis of Nifty & Nifty companies DSIJ Intelligence / Friday, August 28, 2020 0 1218 Article rating: 2.3 We analysed the last one year's returns of Nifty as an index and its constituents too in the last one year, starting from August 27, 2019, till August 27, 2020. Over this period, Nifty gave an absolute return of a mere 4.09 per cent. Surprisingly, there was enough disparity in Nifty constituents with regard to the returns they gave individually. Read more
BSE Metal & BSE Realty indices shine in last one month BSE Metal & BSE Realty indices shine in last one month Apurva Joshi / Friday, August 28, 2020 0 871 Article rating: 4.5 On July 27, 2020, BSE Metal index was at 7,598.48 which jumped by 20.7 per cent to 9,175.04 on August 27, 2020. BSE Realty index was at 1,536.99 as of July 27, 2020, which grew by 19.8 per cent to 1,842.24 on August 27, 2020. Read more
Key things to keep in mind before investing in corporate bond funds Key things to keep in mind before investing in corporate bond funds DSIJ Intelligence / Friday, August 28, 2020 0 1859 Article rating: 5.0 In the last one-year, corporate bond funds, on average, generated a return of 10.74 per cent. Hence, if you are planning to invest in them, then here are some key points that you need to bear in mind. Read more
Q1FY21 results: SJVN net profit falls by 27.91 per cent YoY to Rs 303.9 crore Q1FY21 results: SJVN net profit falls by 27.91 per cent YoY to Rs 303.9 crore DSIJ Intelligence / Friday, August 28, 2020 0 1452 Article rating: 4.3 The consolidated net sales reported in Q1FY21 came in at Rs 673.72 crore, which declined by 5.44 per cent YoY from Rs 712.49 crore in Q1FY20. Read more
Steel Strips Wheels expects 14 per cent YoY growth in next 3 months Steel Strips Wheels expects 14 per cent YoY growth in next 3 months Apurva Joshi / Friday, August 28, 2020 0 1168 Article rating: 4.3 It expects to reach an average gross revenue rate of Rs 150-Rs 155 crore per month in the next 3 months. This is a 14 per cent increase in the average volume and revenue on a YoY basis. Read more
Avantel surges 18 per cent intraday on receiving new defence order Avantel surges 18 per cent intraday on receiving new defence order Pratik Shastri / Friday, August 28, 2020 0 2440 Article rating: 3.4 Avantel, a small-sized telecom equipment manufacturer, informed on Friday that it has signed a contract worth Rs 96.76 crore with IHQ, MoD (Indian Navy), for the supply of communication equipment for Indian Naval ships. Looking at its annual revenue of Rs 52 crore for FY20, this order is of quite a significance to the company. Read more
Q1FY21 results: Himatsingka Seide records net loss of Rs 139.79 crore Q1FY21 results: Himatsingka Seide records net loss of Rs 139.79 crore DSIJ Intelligence / Friday, August 28, 2020 0 1520 Article rating: 3.7 The company reported consolidated net sales of Rs 179.43 crore in Q1FY21, which declined by 71.94 per cent YoY from Rs 639.53 crore in Q1FY20. Read more
Ten stocks close to their 52-week high Ten stocks close to their 52-week high DSIJ Intelligence / Friday, August 28, 2020 0 1605 Article rating: 4.0 The market opened in green on August 28, 2020. Read more
Five stocks with buying interest Five stocks with buying interest DSIJ Intelligence / Friday, August 28, 2020 0 2987 Article rating: 3.5 The market opened in green on August 28, 2020, overall volumes in futures & options currently stand at 5,12,97,629 crore contracts with a turnover of Rs. 35,09,028.64 crore. Read more
Five stocks with selling interest Five stocks with selling interest DSIJ Intelligence / Friday, August 28, 2020 0 1621 Article rating: 2.9 The market opened in green on August 28, 2020, overall volumes in futures & options currently stand at 5,12,97,629 crore contracts with a turnover of Rs. 35,09,028.64 crore. Read more
Q1FY21 results: IDFC records net loss of Rs 26.46 crore Q1FY21 results: IDFC records net loss of Rs 26.46 crore DSIJ Intelligence / Friday, August 28, 2020 0 1278 Article rating: 4.0 Net interest income (NII) stood at Rs 4.46 crore as against Rs 3.97 crore it reported in Q1FY20. A growth of 12.3 per cent YoY. Read more
Markets likely to open on a positive note today Markets likely to open on a positive note today DSIJ Intelligence / Friday, August 28, 2020 0 1252 Article rating: 5.0 Markets are likely to end the week on an optimistic note amid strong global cues. Read more
Index trend and stocks in action on August 28, 2020 Index trend and stocks in action on August 28, 2020 Vinayak Gangule / Friday, August 28, 2020 0 1213 Article rating: 3.9 In the coming session, the zone of 11,530-11,500 is crucial to monitor as it is the confluence of upward sloping trendline support and 20-hour EMA level. Failure to hold above the 11,500 mark could be the first sign of weakness. Stocks in news: Yes Bank Ltd, Artson Engineering Ltd, Mahindra & Mahindra Ltd, GMR Infrastructure Ltd. Read more
Q1FY21 results: NMDC net profit falls 55 per cent YoY Q1FY21 results: NMDC net profit falls 55 per cent YoY DSIJ Intelligence / Thursday, August 27, 2020 0 1511 Article rating: 4.7 The consolidated net sales reported in Q1FY21 came in at Rs 1,937.5 crore, which declined by 40.64 per cent YoY from Rs 3,263.74 crore in Q1FY20. Read more
Q1FY21 results: Avanti Feeds net profit rises 14.33 per cent YoY Q1FY21 results: Avanti Feeds net profit rises 14.33 per cent YoY DSIJ Intelligence / Thursday, August 27, 2020 0 2638 Article rating: 3.0 The consolidated net sales reported in Q1FY21 came in at Rs 955.40 crore, which declined by 12.63 per cent YoY from Rs 1,093.49 crore in Q1FY20. Read more
Dr Reddy's Laboratories to launch Penicillamine capsules in US market Dr Reddy's Laboratories to launch Penicillamine capsules in US market DSIJ Intelligence / Thursday, August 27, 2020 0 1203 Article rating: 5.0 Dr Reddy’s Laboratories Ltd announced the launch of Penicillamine capsules USP, 250 mg, a therapeutic equivalent generic version of Cuprimine (Penicillamine) capsules, 250 mg, approved by United States Food & Drug Administration (USFDA) on Thursday. Read more
Blue Star jumps 15 per cent on winning Mumbai Metro order worth Rs 149 crore Blue Star jumps 15 per cent on winning Mumbai Metro order worth Rs 149 crore DSIJ Intelligence / Thursday, August 27, 2020 0 1402 Article rating: 4.0 The shares of Blue Star Limited were trading as high as 15 per cent on Thursday after the company announced that it has won an electrical & mechanical works (E&M) order valued at Rs 149 crore. Read more
Infosys ties up with Genesys to accelerate strategic transformation journey Infosys ties up with Genesys to accelerate strategic transformation journey DSIJ Intelligence / Thursday, August 27, 2020 0 1659 Article rating: 5.0 Infosys, a global leader in the next-generation digital services & consulting, announced a five-year partnership with Genesys, a global leader in cloud customer experience and contact centre solutions. Read more
Sensex, Nifty positive, IndusInd bank zooms 6.59 per cent, HDFC, Axis Bank and M&M contribute the most to Sensex gains Sensex, Nifty positive, IndusInd bank zooms 6.59 per cent, HDFC, Axis Bank and M&M contribute the most to Sensex gains DSIJ Intelligence / Thursday, August 27, 2020 0 469 Article rating: 4.3 On the last expiry day of the month, Sensex and Nifty saw profit booking. Sensex managed to close at 39113.47 levels, up by 39.55 points or 0.10 per cent on Thursday. Nifty closed at 11559.25 levels, up by 9.65 points or 0.08 per cent. Read more
Roll of Honour- CFO Special Roll of Honour- CFO Special Ninad Ramdasi / Thursday, August 27, 2020 0 3147 Article rating: 3.0 To compile the CFO rankings, DSIJ examined the performances of companies listed on the BSE and the NSE across market capitalisation. Read more
Future Group stocks lock in at upper circuits, Future Retail zooms by 11 per cent Future Group stocks lock in at upper circuits, Future Retail zooms by 11 per cent DSIJ Intelligence / Thursday, August 27, 2020 0 4223 Article rating: 3.4 Future Enterprises Ltd (FEL) announced that a meeting of the company’s board of directors is scheduled to be held for considering proposals of raising funds. Reacting to the announcement, the shares of various Future Group-owned companies soared high on Thursday. Read more
Technical Portfolio Guide Technical Portfolio Guide Ninad Ramdasi / Thursday, August 27, 2020 0 65 Article rating: No rating Subscribers can ask their queries regarding stocks they hold and get our expert guidance. Read more
Review Review Ninad Ramdasi / Thursday, August 27, 2020 0 64 Article rating: No rating Review on 1 stocks recommended in past. Read more
Street Talk Street Talk Ninad Ramdasi / Thursday, August 27, 2020 0 668 Article rating: No rating 1 stock recommendation based on Street Talk (with 7 days horizon). Read more
Fundamental Analysis Fundamental Analysis Ninad Ramdasi / Thursday, August 27, 2020 0 66 Article rating: No rating Fundamental Analysis of 1 Stocks (with 180 days horizon). Read more
Sentiment Indicators Sentiment Indicators Ninad Ramdasi / Thursday, August 27, 2020 0 386 Article rating: No rating Sentiment Indicators. Read more
Cautious Optimism Warranted Right Now! Cautious Optimism Warranted Right Now! Ninad Ramdasi / Thursday, August 27, 2020 0 302 Article rating: No rating Editor's views on the capital markets, stock reviews and word on Dalal Street. Read more
Technical Analysis Technical Analysis Ninad Ramdasi / Thursday, August 27, 2020 0 249 Article rating: No rating Technical Analysis of 1 Stock (with 15 days horizon). Read more
Alembic Pharma gains 3 per cent on tentative approval for diabetes drug Alembic Pharma gains 3 per cent on tentative approval for diabetes drug Pratik Shastri / Thursday, August 27, 2020 0 1307 Article rating: 5.0 Alembic has a total of 130 ANDA approvals, out of which, 113 are final approvals while 17 have tentative approvals from USFDA. Read more
Go Global, Invest Internationally! Go Global, Invest Internationally! Ninad Ramdasi / Thursday, August 27, 2020 0 1084 Article rating: No rating Equity portfolio management is all about maximising returns while minimising risks. Most professional investors are able to understand this relation very well which makes them good at managing long-term portfolios. Read more
Q1FY21 results: NACL Industries net profit rises by 293.66 per cent YoY to Rs 5.59 crore Q1FY21 results: NACL Industries net profit rises by 293.66 per cent YoY to Rs 5.59 crore DSIJ Intelligence / Thursday, August 27, 2020 0 1689 Article rating: 4.2 The company reported consolidated net sales of Rs 252.02 crore in Q1FY21, which rose by 31.95 per cent YoY from Rs 190.99 crore in Q1FY20. Read more
Q1FY21 results: Sharda Motor Industries records net loss of Rs 10.9 crore Q1FY21 results: Sharda Motor Industries records net loss of Rs 10.9 crore DSIJ Intelligence / Thursday, August 27, 2020 0 925 Article rating: 3.0 The company reported consolidated net sales of Rs 103.64 crore in Q1FY21, which declined by 59.14 per cent YoY from Rs 253.67 crore in Q1FY20. Read more
CFO - The Financial Wizard With A Strategic Mind! CFO - The Financial Wizard With A Strategic Mind! Ninad Ramdasi / Thursday, August 27, 2020 0 1947 Article rating: No rating With the ongoing pandemic disrupting economies around the world and pushing companies into finding innovative ways to stay afloat, the chief financial officers of all the leading organisations are now shouldering the immense responsibility of creating a new path of sustainability Read more
Kerbside Kerbside Ninad Ramdasi / Thursday, August 27, 2020 0 1214 Article rating: No rating The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. Read more
Book Profits, But Selectively! Book Profits, But Selectively! Ninad Ramdasi / Thursday, August 27, 2020 0 1632 Article rating: No rating Voracious bulls are at play right now and the jumping stock prices are a pleasing sight to many investors. As the stock prices and indices, both local and global, inch higher, a majority of investors and professionals are wondering if it is the right time to book out. Read more
GODREJ AGROVET : Perfectly Poised For Growth GODREJ AGROVET : Perfectly Poised For Growth Ninad Ramdasi / Thursday, August 27, 2020 0 1949 Article rating: 1.0 Healthy product mix and penetrating existing markets while entering new markets is the growth mantra for Godrej Agrovet Read more
NIFTY Index Chart Analysis : TAILWINDS PUSH NIFTY AHEAD NIFTY Index Chart Analysis : TAILWINDS PUSH NIFTY AHEAD Ninad Ramdasi / Thursday, August 27, 2020 0 1525 Article rating: No rating Before we begin let’s do a recap of what we had mentioned in our previous market update. We had stated that Bank Nifty was likely to regain its lost ground and according to the measure rule of the ascending triangle pattern index was likely to touch the level of 22,800-23,000. Read more
JSW Steel begins national roll-out of JSW Radiance colour-coated steel JSW Steel begins national roll-out of JSW Radiance colour-coated steel DSIJ Intelligence / Thursday, August 27, 2020 0 1353 Article rating: 5.0 The company sees greater opportunity in appliances, cold storage, hospitals for anti-microbial coated steel products amidst customers’ behavioural shift due to the ongoing pandemic that has increased health awareness. Read more
Review Review Ninad Ramdasi / Thursday, August 27, 2020 0 1439 Article rating: No rating In this edition, we have reviewed JK Paper Limited and Bajaj Finance. We suggest our reader-investors to HOLD in JK Paper Limited and Bajaj Finance. Read more
Recommendations From Pesticides & Agro Chemicals Sector Recommendations From Pesticides & Agro Chemicals Sector Ninad Ramdasi / Thursday, August 27, 2020 0 1404 Article rating: No rating The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations. Read more
Query Board Query Board Ninad Ramdasi / Thursday, August 27, 2020 0 730 Article rating: No rating This section gives decisive investment rationales to our subscribers on the stock queries they have raised to our research team. Read more
Recommendation from Pharmaceuticals Sector Recommendation from Pharmaceuticals Sector Ninad Ramdasi / Thursday, August 27, 2020 0 1188 Article rating: No rating This section gives a recommendation of a stock having stock price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon. Read more
Recommendation From Miscellaneous Sector Recommendation From Miscellaneous Sector Ninad Ramdasi / Thursday, August 27, 2020 0 1339 Article rating: No rating This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year. Read more
Mahindra and REE Automotive sign MOU for electric CV development Mahindra and REE Automotive sign MOU for electric CV development DSIJ Intelligence / Thursday, August 27, 2020 0 1122 Article rating: 4.7 Indian multinational vehicle manufacturer, Mahindra & Mahindra, signed the deal to explore the development and manufacturing of electric commercial vehicles for the global markets. Read more
Results To Take Centre-Stage! Results To Take Centre-Stage! Ninad Ramdasi / Thursday, August 27, 2020 0 956 Article rating: No rating The PMI data in the Euro zone did disappoint market participants but the stock prices after a bout of correction managed to recover, nevertheless tracking the virus-related developments and the US markets. The Asian markets traded strong in the past couple of weeks as there are signs emerging of the situation getting calmer between the US and China Read more
Ten stocks close to their 52-week high Ten stocks close to their 52-week high DSIJ Intelligence / Thursday, August 27, 2020 0 1278 Article rating: 3.3 The market opened in green on August 27, 2020. Read more
Five stocks with buying interest Five stocks with buying interest DSIJ Intelligence / Thursday, August 27, 2020 0 1850 Article rating: 3.4 The market opened in green on August 27, 2020, overall volumes in futures & options currently stand at 2,64,21,835 crore contracts with a turnover of Rs. 18,47,582.19 crore. Read more
Five stocks with selling interest Five stocks with selling interest DSIJ Intelligence / Thursday, August 27, 2020 0 1697 Article rating: 3.9 The market opened in green on August 27, 2020, overall volumes in futures & options currently stand at 2,64,21,835 crore contracts with a turnover of Rs. 18,47,582.19 crore. Read more
Investing in Beaten-down Stocks Investing in Beaten-down Stocks Ninad Ramdasi / Thursday, August 27, 2020 0 1073 Article rating: No rating I am very thankful for the recent issue discussing beaten-down stocks and their prospects for recovery. Read more
Its Time for Quality, Not Quantity Its Time for Quality, Not Quantity Ninad Ramdasi / Thursday, August 27, 2020 0 740 Article rating: No rating Believe it or not, despite the economic challenges foreseen, there is a race going on between small-caps and mid-caps to top the markets Read more
CCI approves acquisition of JB Chemicals by Tau Investment CCI approves acquisition of JB Chemicals by Tau Investment Pratik Shastri / Thursday, August 27, 2020 0 2157 Article rating: 3.3 In July 2020, Tau Investment has made an open offer to acquire up to 2,00,93,346 shares of JB Chemical to its existing shareholders. The open offer constitutes 26 per cent of the voting share capital, at the offer price of Rs 745 per equity share, subject to the terms and conditions. Read more
Buzzing stock: Xelpmoc Design hits upper circuit & trades at fresh all-time high Buzzing stock: Xelpmoc Design hits upper circuit & trades at fresh all-time high DSIJ Intelligence / Thursday, August 27, 2020 0 1970 Article rating: 4.4 Xelpmoc Design and Tech Ltd is a recently-listed (January-2019) micro-cap company that is catching investors’ attention with its accelerating performance on bourses. Xelpmoc Design is a technology, data analytics, and design company. Read more
Data Bank Data Bank Ninad Ramdasi / Thursday, August 27, 2020 0 1846 Article rating: 5.0 This is a super house of financial data on 3500 corporates with up to date information. In the Magazine version the top 1100 -1400 companies are covered while the data on the entire 3500 companies is available in excel format for subscribers to download. Read more
MF Data Bank MF Data Bank Ninad Ramdasi / Thursday, August 27, 2020 0 520 Article rating: 2.0 Data Bank of top-ranked equity funds based on DSIJ's proprietary research methodology. Read more
MF Query Board MF Query Board Ninad Ramdasi / Thursday, August 27, 2020 0 985 Article rating: No rating Readers are requested to send only one query at a time so that more readers get a chance. Have questions relating to any aspect of personal finance. Ask DSIJ at editorial@DSIJ.in and get your queries resolved. Read more
Reap The Best Rewards Reap The Best Rewards Ninad Ramdasi / Thursday, August 27, 2020 0 807 Article rating: No rating Investing through mutual funds can be a sure-shot way of enhancing your chances to achieve your investment goals over varied time horizons as they offer a number of advantages over traditional investment options. Read more
Fund of Fortnight Fund of Fortnight Ninad Ramdasi / Thursday, August 27, 2020 0 765 Article rating: No rating This is our mutual fund recommendation. Every fortnight , we recommend one open-ended equity diversified fund that has the best potential of returns for the next one year considering its constituents remain the same. Read more
Is An All-Debt Portfolio A Prudent Option? Is An All-Debt Portfolio A Prudent Option? Ninad Ramdasi / Thursday, August 27, 2020 0 1010 Article rating: No rating An analysis carried out by DSIJ shows that debt gave better risk-adjusted returns. This should certainly be of interest to a conservative investor Read more
In Favour of Focused Funds In Favour of Focused Funds Ninad Ramdasi / Thursday, August 27, 2020 0 793 Article rating: No rating Most investors think that risk is proportionately reduced by adding each additional stock in a portfolio, which, actually, is quite farther away from the truth. In the book titled ‘Modern Portfolio Theory and Investment Analysis’ authored by Edwin J. Elton and Martin J. Gruber, there is evidence that one can only reduce risk to a certain point beyond which there is no further benefit from diversification. Read more
All That Glitters Is Gold All That Glitters Is Gold Ninad Ramdasi / Thursday, August 27, 2020 0 901 Article rating: No rating It is not a question about whether you should buy equity or gold. It is more about whether it should be an essential part of your portfolio. In this article we have highlighted the reasons why we recommend gold to be an integral investment along with other asset classes Read more
Gold is Essentially a Portfolio Diversifier Gold is Essentially a Portfolio Diversifier Ninad Ramdasi / Thursday, August 27, 2020 0 674 Article rating: No rating In the last couple of weeks gold has turned out to be quite volatile and is down by almost 6 per cent from its recent high. Many investors now believe that gold has run its course as it is up by more than 50 per cent in the last one year and there is no merit in investing in this yellow metal. Read more
Index Fund Index Fund Ninad Ramdasi / Thursday, August 27, 2020 0 1202 Article rating: No rating I am heavily invested in large-cap funds and am thinking of shifting to index funds. Is it the right step? Also, should I go for ETFs instead of index funds? Read more
Index trend and stocks in action on August 27, 2020 Index trend and stocks in action on August 27, 2020 Vinayak Gangule / Thursday, August 27, 2020 0 1508 Article rating: 3.9 On the upside, Nifty may witness resistance in the zone of 11,660-11,680 level. On the downside, immediate support is placed in the zone of 11,490-11,460 as it is a confluence of upward sloping trendline support and 20-hour MA. Stocks in news: Jindal Stainless Ltd, Punjab & Sind Bank, Hindustan Aeronautics Ltd, Affle (India) Ltd. Read more
Muted start to Thursday in the offing Muted start to Thursday in the offing DSIJ Intelligence / Thursday, August 27, 2020 0 954 Article rating: 5.0 Early trends in SGX Nifty indicates a flat start for the markets. Read more
Q1FY21 results: Indraprastha Gas net profit declines by 85.64 per cent YoY to Rs 35.18 crore Q1FY21 results: Indraprastha Gas net profit declines by 85.64 per cent YoY to Rs 35.18 crore DSIJ Intelligence / Wednesday, August 26, 2020 0 1321 Article rating: 3.6 The company reported consolidated net sales of Rs 692.53 crore in Q1FY21, which declined by 60.29 per cent YoY from Rs 1744.07 crore in Q1FY20. Read more
Q4FY20 results: Gillette India net profit declines by 1.86 per cent YoY to Rs 44.97 crore Q4FY20 results: Gillette India net profit declines by 1.86 per cent YoY to Rs 44.97 crore DSIJ Intelligence / Wednesday, August 26, 2020 0 852 Article rating: 3.8 The company reported consolidated net sales of Rs 350.98 crore in Q4FY20, which declined by 24.35 per cent YoY from Rs 463.97 crore in Q4FY19. Read more
Affle India hit upper circuit on winning contract from Singapore Government Affle India hit upper circuit on winning contract from Singapore Government DSIJ Intelligence / Wednesday, August 26, 2020 0 2586 Article rating: 3.5 The share price of Affle (India) Ltd hit its upper circuit on August 26, 2020, and made a new 52-week high after the company announced that it has won the contract from Singapore Government to build a ‘digital & cloud-based commuter survey platform’ for the countries’ Land Transport Authority (LTA). Read more
Infosys launches AI-driven solution Infosys launches AI-driven solution DSIJ Intelligence / Wednesday, August 26, 2020 0 1196 Article rating: 4.3 Infosys on Wednesday announced the launch of AI-driven ‘cognitive email workbench’ solution that gives enterprises an ability to augment query management and scale their helpdesk operations Read more
KNR Constructions Ltd receives order worth Rs 1,157 crore KNR Constructions Ltd receives order worth Rs 1,157 crore DSIJ Intelligence / Wednesday, August 26, 2020 0 2468 Article rating: 3.6 KNR Constructions Limited has won an order worth Rs 1,157 crore (including GST) by Highways Department of Government of Tamil Nadu. Read more
Sensex jumps 230 points; Tata Motors top Nifty gainer, Dish TV locks in at upper circuit Sensex jumps 230 points; Tata Motors top Nifty gainer, Dish TV locks in at upper circuit DSIJ Intelligence / Wednesday, August 26, 2020 0 2142 Article rating: 4.3 In what proved to be an encouraging day of trading for investors, the Sensex jumped by more than 230 points or 0.59 per cent to close at 39073.92 levels. Nifty managed to close at 11549.60 levels, up by 77.35 points or by 0.67 per cent. Read more
BSE Auto index gains by nearly 2 per cent, Hero MotoCorp zooms by more than 6 per cent BSE Auto index gains by nearly 2 per cent, Hero MotoCorp zooms by more than 6 per cent DSIJ Intelligence / Wednesday, August 26, 2020 0 738 Article rating: 3.0 BSE Auto index, which is mostly led by two-wheeler stocks, gained by 1.50 per cent and was one of the top index gainers amongst all sectoral indices on Wednesday. Read more
Lupin & Mylan NV announce launch of Nepexto in Germany Lupin & Mylan NV announce launch of Nepexto in Germany DSIJ Intelligence / Wednesday, August 26, 2020 0 1022 Article rating: 4.0 Lupin Limited and Mylan NV announced the launch of Nepexto, biosimilar etanercept, in the German market. Read more
VA Tech Wabag raises Rs 120 crore through preferential issue VA Tech Wabag raises Rs 120 crore through preferential issue DSIJ Intelligence / Wednesday, August 26, 2020 0 1631 Article rating: 5.0 The shares will be issued at a discount price of Rs 160 per share. Reacting to this news, the share on Wednesday slipped 5.5 per cent during the early trading session on BSE. Read more
Arbitrage funds unimpressive performance: To hold or to exit? Arbitrage funds unimpressive performance: To hold or to exit? DSIJ Intelligence / Wednesday, August 26, 2020 0 1799 Article rating: 3.1 Arbitrage funds are generating negative returns. So, in this article, we would discuss whether it’s worth staying invested or should one exit from it. Read more
Buzzing stock: CG Power locks in at upper circuit again! Buzzing stock: CG Power locks in at upper circuit again! DSIJ Intelligence / Wednesday, August 26, 2020 0 2679 Article rating: 3.9 On Wednesday, the shares of buzzing stock, CG Power and Industrial Solutions again locked in at its upper circuit of 5 per cent on BSE. The stock has skyrocketed, gaining by more than 135 per cent in the last one month. Read more
Ten stocks close to their 52-week high Ten stocks close to their 52-week high DSIJ Intelligence / Wednesday, August 26, 2020 0 1193 Article rating: 3.6 The market opened flat on August 26, 2020. Read more
Five stocks with buying interest Five stocks with buying interest DSIJ Intelligence / Wednesday, August 26, 2020 0 1404 Article rating: 4.1 The market opened flat on August 26, 2020, overall volumes in futures & options currently stand at 2,54,32,637 crore contracts with a turnover of Rs. 17,51,531.87 crore. Read more
Five stocks with selling interest Five stocks with selling interest DSIJ Intelligence / Wednesday, August 26, 2020 0 1421 Article rating: 3.5 The market opened flat on August 26, 2020, overall volumes in futures & options currently stand at 2,54,32,637 crore contracts with a turnover of Rs. 17,51,531.87 crore. Read more
Q1FY21 results: National Peroxide records net loss of Rs 1.78 crore Q1FY21 results: National Peroxide records net loss of Rs 1.78 crore DSIJ Intelligence / Wednesday, August 26, 2020 0 1948 Article rating: 4.1 The company reported consolidated net sales of Rs 30.46 crore in Q1FY21, which declined by 46.72 per cent YoY from Rs 57.17 crore in Q1FY20. Read more
Banks sanction loans of Rs 1,55,995 crore under ECLGS for MSME sector Banks sanction loans of Rs 1,55,995 crore under ECLGS for MSME sector Nidhi Jani / Wednesday, August 26, 2020 0 1498 Article rating: 5.0 Market leader State Bank of India (SBI) has sanctioned Rs 23,864 crore of loans and disbursed Rs 17,599 crore. It is followed by Punjab National Bank, which has sanctioned Rs 10,348 crore. Read more
JMC Projects jumps on order win of Rs 554 crore JMC Projects jumps on order win of Rs 554 crore Apurva Joshi / Wednesday, August 26, 2020 0 797 Article rating: 4.0 JMC Projects (India) Limited, which is a leading civil engineering and EPC company, has surged 16 per cent on BSE after it bagged new orders worth Rs 554 crore. Read more
FDC Ltd launches 2 variants of Favipiravir; stock jumps 6 per cent FDC Ltd launches 2 variants of Favipiravir; stock jumps 6 per cent Nidhi Jani / Wednesday, August 26, 2020 0 1640 Article rating: 4.8 After Glenmark, companies like Cipla, Lupin and Sun Pharmaceutical Industries also launched their own variants of Favipiravir tablets. Lupin’s ‘Covihalt’ is priced at Rs 49 per tablet while Sun Pharma’s ‘FluGuard’ is priced as low as Rs 35 per tablet, which is the cheapest in India. Read more
Index trend and stocks in action on August 26, 2020 Index trend and stocks in action on August 26, 2020 Vinayak Gangule / Wednesday, August 26, 2020 0 1199 Article rating: 4.2 As long as the resistance zone of 11,536-11,600 is not cleared convincingly, do not expect a run-away rise. On the downside, the zone of 11,410-11,370 is likely to act as immediate support. Stocks in news: Jammu & Kashmir Bank Ltd, Scanpoint Geomatics Ltd, JMC Projects (India) Ltd, FDC Ltd. Read more
Markets to see a flat to positive opening Markets to see a flat to positive opening DSIJ Intelligence-3 / Wednesday, August 26, 2020 0 989 Article rating: 5.0 All participants are going to keep a watchful eye on whether the Indian markets carry the positive sentiment from the previous trading sessions after three days of the continued rise and close on a six-month record high? Read more
Q4FY20 results: Procter & Gamble Hygiene and Health Care net profit rises by 13.85 per cent YoY to Rs 69.21 crore Q4FY20 results: Procter & Gamble Hygiene and Health Care net profit rises by 13.85 per cent YoY to Rs 69.21 crore DSIJ Intelligence / Tuesday, August 25, 2020 0 866 Article rating: 4.5 The company reported consolidated net sales of Rs 634.53 crore in Q4FY20, which declined by 0.49 per cent YoY from Rs 637.64 crore in Q4FY19. Read more
Q1FY21 results: lrcon International net profit declines by 76.18 per cent YoY to Rs 34.46 crore Q1FY21 results: lrcon International net profit declines by 76.18 per cent YoY to Rs 34.46 crore DSIJ Intelligence / Tuesday, August 25, 2020 0 849 Article rating: 5.0 The company reported consolidated net sales of Rs 526.87 crore in Q1FY21, which declined by 50.75 per cent YoY from Rs 1069.85 crore in Q1FY20. Read more
Bond yields witness surge: What should debt MF investors do? Bond yields witness surge: What should debt MF investors do? DSIJ Intelligence / Tuesday, August 25, 2020 0 1419 Article rating: 5.0 The 10-year benchmark bond yields surged over 6 per cent. What should debt MF investors do? Read on to find out more. Read more
Thomas Cook India partners with Payback to expand loyalty program Thomas Cook India partners with Payback to expand loyalty program DSIJ Intelligence / Tuesday, August 25, 2020 0 1471 Article rating: 4.8 India’s leading integrated travel services company, Thomas Cook (India) announced on Tuesday that it has partnered with Payback India to offer attractive loyalty benefits to its customers thereby, enabling them to earn and redeem points on every Thomas Cook holiday purchase. Read more
Q1FY21 results: Phillips Carbon Black net profit drops 96 per cent YoY Q1FY21 results: Phillips Carbon Black net profit drops 96 per cent YoY DSIJ Intelligence / Tuesday, August 25, 2020 0 2303 Article rating: 3.7 The consolidated net sales reported in Q1FY21 came in at Rs 359.53 crore, which declined by 60.56 per cent YoY from Rs 911.52 crore in Q1FY20. Read more
Ramco Systems signs multi-million dollar agreement; stock shines Ramco Systems signs multi-million dollar agreement; stock shines Amir Shaikh / Tuesday, August 25, 2020 0 3438 Article rating: 3.5 Ramco Systems informed the bourses on Tuesday that it has entered into a multi-million dollar agreement with leading utilities and infrastructure group with diversified businesses in Malaysia Read more
Sensex manages to close in green; ICICI Bank, SBI and Bajaj Finance support Sensex stay afloat in green! Sensex manages to close in green; ICICI Bank, SBI and Bajaj Finance support Sensex stay afloat in green! DSIJ Intelligence / Tuesday, August 25, 2020 0 1458 Article rating: 3.8 On Tuesday, the Sensex and Nifty opened comfortably in green and then slid twice into red zone during the volatile trading session. The Sensex managed to close at 38843.88 levels, up by 44.80 points or 0.12 per cent. Nifty closed at 11472.25 levels, up by 5.80 points or 0.05 per cent. The Mid-Caps and the Small-Caps once again outperformed the markets. Read more
Ship repair segment of Cochin Shipyard expects slow growth Ship repair segment of Cochin Shipyard expects slow growth Pratik Shastri / Tuesday, August 25, 2020 0 1845 Article rating: 2.2 The management of the company mentioned that many of its suppliers invoked force majeure clause (which allows temporary relief from contractual obligations in uncertain & uncontrolled situations such as pandemic). Read more
ICICI Lombard-Bharti AXA GI merger: Investors await deal value ICICI Lombard-Bharti AXA GI merger: Investors await deal value Pratik Shastri / Tuesday, August 25, 2020 0 1266 Article rating: 3.5 Interestingly, the management in a conference call held for the discussion of the acquisition, mentioned that Bharti AXA made a loss of Rs 240 crore in FY20. This can be considered as one of the reasons why the stock price is not cheering on the announcement of the transaction. Read more
DGTR proposes 10 per cent safeguard duty imposition on single mode optical fibre DGTR proposes 10 per cent safeguard duty imposition on single mode optical fibre Nidhi Jani / Tuesday, August 25, 2020 0 1594 Article rating: 4.1 Single-mode optical fibre is imported from various countries including China, Japan, the US and Korea. The major quantity is imported from China. The directorate, in its probe, concluded that the product is being imported to India in such increased quantities that it may threaten the domestic manufacturers. Read more
Retail food inflation to ease in second half of FY21: CRISIL Retail food inflation to ease in second half of FY21: CRISIL Amir Shaikh / Tuesday, August 25, 2020 0 1066 Article rating: 4.8 CRISIL expects India’s retail food inflation, which is measured through consumer price index (CPI), to cool down in the second half of the ongoing fiscal year on account of the effect of the high base of the previous year, along with a bumper Rabi harvest and a good prospect of Kharif harvest Read more
Slicing and dicing recent market movement Slicing and dicing recent market movement DSIJ Intelligence / Tuesday, August 25, 2020 0 1020 Article rating: 5.0 During the last six months, almost 150 stocks that trade on BSE have doubled. Read more
Alembic Pharmaceuticals announces USFDA approval for Desonide Lotion Alembic Pharmaceuticals announces USFDA approval for Desonide Lotion Amir Shaikh / Tuesday, August 25, 2020 0 1604 Article rating: 5.0 The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), DesOwen Lotion, 0.05 per cent of Galderma Laboratories LP. Desonide Lotion is low to medium potency corticosteroids indicated for the relief of inflammatory and pruritic manifestations of corticosteroid-responsive dermatoses. Read more
Upper Circuit stocks: Allcargo, Affle India, CG Power shine Upper Circuit stocks: Allcargo, Affle India, CG Power shine DSIJ Intelligence / Tuesday, August 25, 2020 0 4156 Article rating: 3.4 Volatility in markets can be seen during today’s trading session. After opening up in positive, Sensex continued to fluctuate, oscillating in the red and green territory. Read more
Five stocks with buying interest Five stocks with buying interest DSIJ Intelligence / Tuesday, August 25, 2020 0 2071 Article rating: 3.8 The market opened in green on August 25, 2020, overall volumes in futures & options currently stand at 1,92,04,237 crore contracts with a turnover of Rs. 13,31,390.82 crore. Read more