Category: Small Cap

Closing Bell: Nifty ends above 11,450, Sensex up 92 points; BPCL, Bajaj Finance top gainer

Oct 16, 03:43 PM (IST) Transformers and Rectifiers (India) has received orders for supply of transformers aggregating to Rs 158 crore. Oct 16, 03:37 PM (IST) Market close: Benchmark indices continued their upward momentum for the fourth consecutive day on October 16 with Nifty ended above 11,450 level. At close, the Sensex was up 92.90 points at 38,598.99, and the Nifty was up 43.25 points at 11,471.55 BPCL, Bajaj Finance, Zee Entertainment and Grasim Industries were among major gainers on…

Federal Bank slips 6% post Q2 results

Shares of Federal Bank declined 6.5 percent intraday on October 16 despite the company reporting better numbers in the quarter ended September 2019. The company has reported 56.7 percent jump in its Q2FY20 profit to Rs 416.7 crore against Rs 266 crore in the same period last year. Net interest income grew by 9.9 percent YoY to Rs 1,123.8 crore, with loan growth at 14.8 percent. Asset quality weakened during the quarter under review with gross non-performing assets (NPA), as…

Global brokerages bearish on Wipro after Q2 results, cut target despite better Q3 guidance

Global brokerage houses maintained bearish stance on Wipro, the country’s fourth-largest IT company by market cap, citing continued underperformance compared to peers even though third quarter guidance was better. The stock rallied 3 percent intraday after the company reported better-than-expected operating performance in the quarter ended September 2019. It was quoting at Rs 248.90, up Rs 5.20, or 2.13 percent on the BSE at 1124 hours. Jefferies has an underperform call on the stock and cut price target to Rs…

Kokuyo Camlin rises 13% after profit doubles in Q2FY20

Shares of Kokuyo Camlin rose nearly 13 percent intraday on October 16 after the company reported 100 percent jump in its September quarter net profit. The company’s Q2 net profit doubled at Rs 2 crore against Rs 1 crore in the same quarter last year. Meanwhile, revenue of the company was down 3.9 percent at Rs 136.4 crore versus Rs 142 crore. Earnings before, interest, tax, depreciation and amortization (EBITDA) rose 31.9 percent at Rs 9.9 crore, while margin was…

PNB Housing to consider fund raising on Oct 24; stock falls 14%

Shares of PNB Housing Finance touched its 52-week low of Rs 375.50, falling over 14 percent intraday on October 16 after the company said it is going to consider raising funds on October 24. The company’s board, on October 24, 2019, will also record/approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2019. The board will also consider the issuance of secured and unsecured non-convertible debentures aggregating up to Rs 10,000 crore…

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