Skip to main content

Stock Market News - Infosys Top Performer, DHFL Hits 10%

Infosys Top Performer  - On Sensex, Nifty Shares of Infosys rose as much as 5.8 percent, the most in two years, to Rs 768.70. The stock was the best performer on Sensex and Nifty. The Bengaluru-based software developer raised its revenue forecast for the full year even as higher costs led to a contraction in margin and decline in profit in the quarter ended June.

DHFL Hits 10% -  Lower Circuit After Reporting Loss In Q4 Shares of Dewan Housing Finance Corporation Ltd. hit their lower circuit of 10 percent to Rs 61.65, their lowest level since October 2013. Crisis-hit Dewan Housing Finance Corporation Ltd. said it aims to restart lending operations by August 2019 after the company reported a loss of Rs 2,223 crore for the quarter ended March 2019. 

Allahabad Bank Drops -  The Most In Eight Months Shares of Allahabad Bank fell as much as 14.4 percent, the most since November 2018, to Rs 40.35. The PSU Bank reported a fraud of over Rs 1,774 crore by Bhushan Power and Steel Ltd. “On the basis of Forensic Audit Investigation findings and CBI filing FIR, on suo moto basis, against the Company and its Directors, alleging diversion of funds from banking system by the Bank's borrower namely Bhushan Power and Steel Ltd., a fraud of Rs 1,774.82 core has been reported by the Bank to the Reserve Bank of India,” Allahabad Bank said in a stock exchange filing.

BHEL Swings - After Order Win Shares of Bharat Heavy Electricals Ltd. fluctuated between gains and losses to trade little changed at Rs 64.80. The state-run company won an order worth Rs 100 crore for setting up a 25 MW floating solar photovoltaic power plant on EPC basis from NTPC. 

BEML Expects Orderbook To Be At Rs 12,000-13,000 Crore In FY20 BEML Ltd. expects its orderbook to be at around Rs 12,000-13,000 crore in the current financial year, its Chairman and Managing Director DK Hota.

CATCH ALL MARKET UPDATES - 

Sun Pharma gains over 3%
YES Bank gains over 4%
DHFL locked in 10% lower circuit
Larsen & Toubro trades 0.8% lower
Hero Moto Corp trades over 1% lower
HCL Technologies gains over 1%
GVK Power and Infra gains over 5%
ÍndusInd Bank trades flat with positive bias
Piramal Enterprises is trading over 2% higher
Avenue Supermarts gains over 5%
Infosys gains 5% on strong Q1 nos.

Rupee Opening: - The Indian rupee started off day on a positive note, appreciating 14 paise to 68.54 against the US dollar. Friday's close was 68.68 a dollar.

Petrol & Diesel Price Update - Petrol price increased by 13 paise to Rs 78.82 per litre but diesel price remained unchanged at Rs 69.43 per litre in Mumbai.

Sun Pharma gains -  Infosys share price surged more than 5.5% in the morning trade to hit the day's high at Rs 767. Yes Bank shares zoomed more than 5% to Rs 99.20. Drugmaker Sun Pharma shares jumped more than 4% to Rs 421. VEDL, Heromotocorp, L&T were among the top losers shedding more than 1% each. 


Share Marekt | Nifty | Top Gainers | Petrol | Rupee | Crude | Allahabad Bank
Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market News - Budget 2020 | Removal of exemptions in new tex regime to impact life insurers, MFs

A salaried professional opting for a lower rate of tax under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. Removal of tax exemptions under Section 80C in the new tax regime could be a dampener for life insurance products as well as equity-linked savings schemes (ELSS) of mutual funds. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman said a salaried professional opting for a lower tax rate under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. “The removal of 80C benefit may pose a risk to new business volumes of life insurance companies,” said Kotak Institutional Equities in a report. Life insurance Tax exemptions are an important incentive for purchase of life insurance. To be eligible for exemption under Section 80C, the sum assured has to be 10 times the annual premium. This is part of the Rs 1.5 lakh limit under ...
13 comments
Read more

Stock Market News - FDC share price at 52-week high on GMP certificate from UK health regulator

The certificate came after a recent inspection of the company's facilities in Goa. FDC  share price touched a 52-week high of Rs 222, rising more than 5 percent in the morning trade on January 3 after the company received the good manufacturing practice (GMP) certificate from the UK's health regulator. The UK's Medicines and Healthcare Products Regulatory Agency also continued with its approved status for the company's two facilities in Verna, Goa. The GMP certificate was issued after a recent inspection of the two plants. At 1018 hours, FDC was quoting at Rs 218.00, up Rs 7.30, or 3.46 percent. The share price has risen 30 percent in the last three months. GNFC share price down 2% after DoT seeks Rs 15K cr in telecom dues DoT sent the company a demand notice for Rs 15,019 crore, taking to Rs 3.13 lakh crore the amount it has sought from non-telecom companies following a Supreme Court ruling. The share price of  Gujarat Narmada Valley Fertili...
3 comments
Read more

Budget 2019 : LTCG Tax, GST, Home Loans, farmer income scheme needs to be focus

Budget 2018 was the last full-fledged budget presented by the government led by Narendra Modi. Long Term Capital Gains (LTCG) tax on profit earned from the sale of equity shares listed on a recognized stock exchange in India. The LTCG tax was re-introduced after a time gap of 14 years. The provisions were closely followed since they impacted the majority of taxpayers of the country. The tax was levied at the rate of 10 per cent (plus applicable surcharge and cess) while providing relief from gains accrued up to January 31, 2018, i.e., a mechanism was derived wherein the stock price as on 31 January 2018 was considered as the deemed cost, provided it is beneficial to the taxpayer. Following are some of the illustrative points: Treatment of compulsorily convertible instruments – The current provisions do not provide clarity on the cost to be adopted for the purpose of computation of capital gains in case of instruments that are compulsorily converted into equity sh...
1 comment
Read more