Skip to main content

Stock Market News - Intellect Design Falls, Sandhar Technologies Gains

Intellect Design Falls - After Q1 Profit Drops 92% Shares of Intellect Design Arena fell as much as 15 percent, the most in nearly three years, to Rs 211.50 after the company’s profit fell 92 percent on a sequential basis in June quarter.


Sandhar Technologies Gains  - After Signing Pact Shares of Sandhar Technologies rose as much as 1.7 percent to Rs 273.95. The company signed pact for a Joint Venture with Korea’s Han Shin Corporation for manufacturing and selling electronic parts and accessories for the automotive industries in India.

Sharda Cropchem slips 5% on weak Q1 result - Sharda Cropchem posted consolidated revenue of Rs. 423 crore as against Rs. 456.13 crore in the corresponding quarter last year, registering a 7.26 percent YoY decrease

Rupee opening - Rupee opens flat at 68.98/$ vs Wednesday's close of 68.97 against the US dollar

NEWS ALERT | DFS secy Rajiv Kumar, likely to be appointed as Finance Secretary: sources to CNBC TV18
-- Transfer is on the basis of merit and seniority

Alert: DFS is the Department of Financial Services
 Former Finance Secretary Subhash Chandra Garg was moved to Power Ministry yesterday

CATCH-ALL MARKET UPDATES - 
  • PVR slips in trade
  • Cipla rises over 3%
  • Bosch gains over 1%
  • 5paisa Capital gains 5%
  • IDFC First Bank gains 2%
  • Oberoi Realty slips over 3%
  • Biocon dips during early trade
  • Emami trades over 1% higher
  • Syndicate Bank falls over 2%
  • IndusInd Bank gains over 2%
  • Bharti Infratel gains over 5%
  • Nifty Pharma index gains 1.8%
  • Jet Airways locked in 5% lower circuit
  • Cox & Kings hit another 52-week low
  • Hindalco Industries trades in the green
  • Sadbhav Engineering gains nearly 6%
  • Bajaj Holdings & Investment up over 2%
  • YES Bank trades flat with positive bias
  • Marathon Nextgen Realty zooms over 18%
  • Torrent Pharma trades flat with negative bias
  • ICICI Prudential Life Insurance gains nearly 3%
  • Shriram Transport Finance Co trades 6% higher
  • Cholamandalam Investment and Finance Co trades over 2% higher

ICICI Prudential jumps 4%: The share price of ICICI Prudential Life Insurance Company gained 4 percent on July 25 post-June quarter numbers. The company's Q1FY20 net profit rose 1.2 percent to Rs 284.9 crore against Rs 281.6 crore in the same quarter last year.

TOP GAINERS & LOSERS - 

The major gainers on BSE are IndusInd Bank, Sun Pharma, and Bajaj Auto, whereas the losers are Tata Motors and ONGC. Stocks of Yes Bank and Bharti Airtel are in focus today. While rating agency ICRA has downgraded Yes Bank’s Basel III Compliant Tier I and Tier II bonds with a negative outlook, a government panel on Wednesday approved a combined penalty of Rs 3,050 crore on telecom companies Bharti Airtel and Vodafone Idea for not providing points of interconnection to Reliance Industries’ telecom unit Jio when it resumed operations in 2016,

Bharti Infratel Shares Rally 6% - Shares of Bharti Infratel rallied nearly 6 percent intraday as Morgan Stanley retained positive stance on the stock after strong Q1 show. While having an overweight call on the stock with a target price at Rs 323 (implying a 22 percent potential upside from current levels), the global brokerage house said revenue in Q1FY20 was in-line with its estimates.


Share Market | Rupee | Nifty | Top Gainers | Bharti Infratel | Intellect Design


Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market News - Trade war worries kept base metal prices under pressure in 2019

The trade deal developments and its impact on the global economy remain the trendsetter of commodity prices in 2020. A successful deal will boost global economic activity and improve the demand for base metals. In the past year, trade uncertainty hit global economic sentiments adversely as base metal prices in the domestic futures market settled with moderate gains. Commodities such as copper and lead ended with gains of 8 percent, while aluminium and zinc advanced 6 percent and 4 percent, respectively. Performance of nickel was exceptional with a whopping gain of more than 40 percent. At the same time, price-performance at its key overseas markets was rather steady. Trade war worries that fanned fears of recession roiled the global manufacturing sector last year, particularly China. This because Chinese industries are the key consumers of all base metals. Economic growth in the country tumbled to multi-year lows due to the 17-month trade dispute between the United Sta...
1 comment
Read more

Stock Market News - Yes, Bank top gainer, Ratnamani Metals Gains

Titan Company shares climb 2%: Shares of Titan Company climbed over 2 percent on BSE ahead of analyst and institutional investor meeting on December 20. Rupee Update: The Indian rupee recovered from the lows but trading marginally lower at 71.06 per dollar. NEWS ALERT |  1. Hold it against PSBs that they haven't passed the benefits of rate cuts to customers: FM -- Made sure stressed MSMEs are not declared NPAs: FM 2.  PSBs must move more liquidity out in the system: FM -- Together with banks and RBI, we looked at where liquidity was stuck: FM 3. Anish Shah appointed CFO of Mahindra & Mahindra till April 2021: BSE Filing -- Shah will become MD & CEO of co for 3 years w.e.f April 2, 2021. -- VS Parthasarathy will step down as CFO on April 1, 2020 -- Board approves transition of Anand Mahindra's role to Non-executive Chairman.  -- Pawan Goenka re-designated MD & CEO up to November 11, 2020 TOP GAINERS & LOSERS...
4 comments
Read more

Stock Market News - Yellow metal hits fresh record high as Iran attacks US forces

On the MCX, gold contracts for February were trading higher by Rs 562, or 1.38 percent, at Rs 41,225 per 10 gram at 0920 hours. It hit a record high of 42,278 per 10 gm. India Gold February futures hit a fresh record high on January 8 tracking gains in international spot prices which surged past $1,600 an ounce mark after Iran fired rockets at Iraqi airbase which hosts US forces that triggered risk-off sentiment. Spot prices hit their highest since March 2013 at $1,610.90 earlier in the session. US gold futures rose 2 percent to $1,605.80. “The jump in the price of what’s viewed by investors as a safer asset in times of political and economic uncertainty came after Iran’s missile attack on US-led forces in Iraq early on Wednesday,” said a Reuters report. “The attack came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears of a wider conflict in the Middle-East,” it said. On the MCX, gold contracts for February were trading...
4 comments
Read more