News

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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We Update Daily Performance On Daily Basis.

Script Given Date Closed Date Initiate StopLoss Closed In Points % Rs. Returns
SRTRANFIN (SS) EQ 17-OCT 17-OCT 1035 1045 1045 - 10 - 0.96 - 957
CENTURYTEX EQ 17-OCT 17-OCT 386 375 391.7 + 5.7 + 1.48 + 1477
TATASTEEL EQ 17-OCT 17-OCT 344 340 356.5 + 12.5 + 3.63 + 3634
VEDL EQ 17-OCT 17-OCT 147 144 149.4 + 2.4 + 1.63 + 1633
ADANIPORTS FUT (SS) 17-OCT 17-OCT 408.5 144 407.5 + 1 2500 Lot + 2500
ADANIENT FUT (SS) 17-OCT 17-OCT 160.5 162 160.5 0.00 4000 Lot 0.00
SUNTV 490 CE 17-OCT 17-OCT 17 14 23 + 6 1000 Lot + 6000
NIFTY FUT (SS) 17-OCT 17-OCT 11477 11510 11458 + 19 75 Lot + 1425
11600 PE (24-OCT) 17-OCT BTST 170 150 OPEN OPEN 75 Lot OPEN
BANKNIFTY FUT (SS) 17-OCT 17-OCT 28620 28720 28545 + 75 20 Lot + 1500
28500 PE (24-OCT) 17-OCT BTST 370 300 OPEN OPEN 20 Lot OPEN
Daily Performance