Wednesday 9 August 2017

Stocks in focus today ahead of Q1 earnings, Trading Strategy with best stock advisory

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These stocks are in focus on Wednesday, 9 August 2017, after earnings release and major announcements:
Tata Chemicals yesterday reported a 14% fall in consolidated net profit at Rs 177.9 crore for the first quarter ended June 30, 2017.
GSK Consumer Health-care has announced 17.6% decline in standalone net profit at Rs. 132.23 cr, for the quarter ended June 30, 2017.
 Jindal Steel & Power Ltd has reported narrowing of its consolidated net loss at Rs 420.4 crore in the three months ended June 30.
The largest Gold financing co, Muthoot Finance Ltd has reported a raise of 305 in net profit at Rs 351 cr, for the first quarter ended June 30, 2017.
Jagran Prakashan, the leading publisher has reported a 5.48% increase in consolidated net profit at Rs 88.70 cr, for the June quarter.
Axis Bank, on 8 Aus 2017 has cut the interest rate on S.B accounts by 50 bps to 3.5% for deposits up to Rs 50 lakh, even if it will continue to pay 4% interest on deposits of above Rs 50 lakh.

Tuesday 8 August 2017

Sintex Plastics Technology shares up 5% on listing day, Money Maker Research

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Shares of Sintex Plastics Technology focus the Exchanges today subsequent on its demerger from Sintex Industries Ltd. The shares were trading up by more than 5 percent on listing day. After the demerging, Sintex Industries to carry the Textile & Spinning business and Sintex Plastics Technology to carry plastics business. The share-holding pattern of Sintex Plastics reflects the shareholding pattern of Sintex Industries, with more than 30 percent equity stake owned by the promoters.
The Shares of Sintex Industries had advanced by more than 7 percent yesterday, 7 August 2017, prior to the listing of Sintex Plastics Technology. The equity shares of Sintex Plastics Technology are set to trade in this sector for 10 trading days. The stock was trading at Rs 124.5 on NSE, today morning.

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Friday 4 August 2017

Market settles with modest gains amid volatility, Nifty ends at 10,070

Trading for the weekend finished on a positive note with the indices settling with modest gains after a volatile and range bound session of trade. The BSE Sensex gained 87.53 points or 0.27% at 32,325.41, while the NSE Nifty index rose 52.75 points or 0.53% at 10,066.40.  Caution continued in global stocks ahead of US nonfarm payroll data for July, which falls presentation later in the global day.
The BSE MidCap rose 0.66 percent outperforming the Sensex, whereas the BSE SmallCap index gained 0.1 percent, underperforming the Sensex.  About 1385 shares declined and 1,200 shares advanced and a total of 173 shares were unchanged on BSE.
Buzzing stocks are - IOC surged 9%, overtaking ICICI Bank, Kotak Mahindra Bank, Bharti Airtel and Bharti Airtel.  Mahindra & Mahindra declined 0.2 percent after its net profit fell 9 percent to Rs 859 crore on 3.74 percent rise in gross revenue to Rs 23,212 crore in first quarter June 2017 y-o-y.

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