INSUBCONTINENT EXCLUSIVE:
Investors rejoiced the settlement between RBI and Kotak Mahindra Bank, and gave the stock a 4 per cent lift
market steadily, as all eyes are on the Union Budget
14%Kirloskar Oil Engines posted 14.29 per cent increase in consolidated net profit at Rs 46.36 crore for the third quarter ended December
The stock fell 1.69 per cent to Rs 145.
Infy data privacy standard certificateInfosys has been awarded the accredited certification on ISO
27701, the international standard on data privacy, by Bureau Veritas Certification (BVC)
The share price of the company dipped 0.49 per cent to Rs 776.35
V-Guard profit jumps 30%Consumer electricals maker V-Guard Industries on Friday reported 29.77 per cent rise in net profit at Rs 44.24
crore for December quarter 2019-20, helped by improvement in gross margins
Shares of the company jumped 0.94 per cent to Rs 225.05
SBI asset quality improvesSBI on Friday posted 41.17 per cent year-on-year (YoY) rise in standalone profit at Rs 5,583.36 crore for the
quarter ended December 31
The company said its asset quality also improved substantially
The stock rose 2.53 per cent to Rs 318.
Arvind profit at Rs 35 croreTextile major Arvind reported a consolidated net profit of Rs 35.35
crore for the third quarter ended December 31, 2019
The stock closed 0.71 per cent higher at Rs 42.85.
Vedanta working on Ferro AlloysVedanta said it is implementing a resolution plan for
acquisition of Ferro Alloys Corporation (FACOR) and the upfront amount will be paid to the financial creditors of FACOR
Shares of Vedanta fell 2.13 per cent to Rs 137.95
Airtel out of DELBharti Airtel said its name has now been removed from the denied entry
list (DEL) for non-fulfilment of export obligation under an export promotion scheme
Shares of the company jumped 1.46 per cent to Rs 496.
Wipro CEO to step downIT services major Wipro said its CEO Abidali Z Neemuchwala has
decided to step down, and the company's board has started scouting for his successor
Wipro Shares fell 1.66 per cent to Rs 236.80
Majesco to acquire InsProThe US arm of IT solutions firm Majesco has inked a pact for acquisition of InsPro Technologies Corporation for
$12 million (approximately Rs 85.7 crore)
Shares of the company rose 0.88 per cent to Rs 391.55.
NTPC Khargone unit to operate from Feb 1State-run power producer NTPC said unit-1 of
Khargone Super Thermal Power Station in Madhya Pradesh will start commercial operation from February 1
The stock slipped 0.62 per cent.
BoB signs pact with CARE RatingsState-owned Bank of Baroda has signed a pact with Care Ratings to assess
credit quality of its small and medium enterprises (SME) customers
Shares of the lender slipped 0.43 per cent to Rs 92.65
Shares of the rating agency fell 0.55 per cent to Rs 656.30.
IRCTC hits record highShares of Indian Railway Catering and Tourism Corporation
The stock jumped 6.76 per cent to Rs 1,212
HUL net jumps 12%Hindustan Unilever, post market hours, reported 12 per cent year-on-year rise in standalone profit at Rs 1,616 crore for
the December quarter compared with Rs 1,444 crore in the same quarter last year
Earlier in the day, the scrip fell 1.18 per cent to Rs 2,034.
Power Grid falls 4%Shares of Power Grid Corporation fell 3.86 per cent to Rs
186.90 ahead of its Q3 result
The company later posted nearly 14 per cent jump in consolidated net profit at Rs 2,672.03 crore for the quarter ended on December 31, 2019,
mainly on higher revenues.
Aurobindo partner receives nodAurobindo Pharma said its joint venture firm Eugia Pharma Specialities has received
approval from the US health regulator to market Methotrexate tablet, used to treat various types of cancer, in the US market
Shares of the drug firm gained 0.22 per cent to Rs 481.
TechM profit dips 5%Tech Mahindra on Friday posted 4.7 per cent year-on-year (YoY)
drop in consolidated net profit at Rs 1,145.9 crore for the quarter ended December 31
The stock closed 0.51 per cent up at Rs 795.
Kotak biggest Sensex gainerKotak Mahindra Bank gained 3.87 per cent to Rs 1,691.05 after RBI
This resulted in the end of tussle between the regulator and the bank.
Jubilant Life net fallsJubilant Life Sciences reported a 23.97 per
cent fall in consolidated net profit at Rs 203.38 crore for the third quarter ended on December 31, 2019
Shares of the company shed 3.55 per cent to Rs 581.95.
Smallcaps end flatNifty Smallcap fares better than its peers and closed 0.01 per cent
Nifty Midcap index slipped 0.65 per cent to 18,010 while Nifty500 fell 0.58 per cent to 9,861.
RIL drags SensexReliance Industries proved
the biggest drag on Sensex, bleeding 92.86 points
TCS and ICICI Bank were other major culprits as they together shed 100 points
Kotak Mahindra Bank with an addition of 70 points helped the index cap losses.