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Vijaya Bank reports 41% dip in profit, stock up 4%
Mumbai: Sate-run Vijaya Bank said June quarter earnings fell 41 percent due to provisions for bad loans, but the only PSU bank that paid out dividend last fiscal has projected a 20 percent credit growth, enthusing investors.

Shares rose 4% as it turned out to be the first state run bank to report lowering of bad loans in many quarters and improved

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Stock market update: 250 stocks defy positive market mood, hit 52-week lows on NSE
NEW DELHI: As many as 250 stocks including Accelya Kale Solutions, Bajaj Auto, Hero MotoCorp, Hindalco Industries and TVS Motor Company hit 52-week lows on NSE on Monday.

Ballarpur Industries, Cera Sanitaryware, Galaxy Surfactants, Greenply Industries, Hindustan Aeronautics, ICRA, Jain Irrigation Systems, Kajaria Ceramics, JK Cement, MVL, Neuland

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ETMarkets.com|

Updated: Jul 23, 2018, 03.02 PM IST

buysell3
Motilal Oswal has a buy call on MindTree Ltd. with a target price of Rs 1225.0 . The current market price of MindTree Ltd. is Rs 955.5 Time period given by the brokerage is a year when MindTree Ltd. price can reach defined target. MindTree Ltd., incorporated in 1999, is a largecap company with a
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ITC, Godfrey Phillips, VST Industries rally as cess on cigarettes remain unchanged
Kolkata: With the last GST Council meeting on Saturday not making any changes in cigarette taxation unlike what the street was expecting, cigarette stock of top manufacturers like ITC Ltd, Godfrey Phillips India and VST Industries rallied on Monday.

The country’s largest cigarette maker ITC Ltd surged by 3.8% on Monday’s closing at the BSE to tou

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F O: What do OI positions in Calls Puts tell about Nifty50
By Chandan TapariaThe Nifty50 index opened in the positive and continued its rising momentum towards the 11,093 level on Monday. It surpassed the immediate hurdle at 11,080 and saw a highest daily close in six months since January 29, 2018.

The index formed a bullish candle and also broke out of the consolidation range of last nine sessions. Now

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Hold Karnataka Bank, target Rs 130: Anand Rathi
Anand Rathi has a hold call on Karnataka Bank Ltd. with a target price of Rs 130 The current market price of Karnataka Bank Ltd. is Rs 110.1 Time period given by the brokerage is a year when Karnataka Bank Ltd. price can reach defined target. Karnataka Bank Ltd., incorporated in 1924, is a banking company with a market cap of Rs 3073.00 crore. Inve
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Mahindra MF eyes Rs 100 crore from bonds issue
Hyderabad: Mahindra Mutual Fund, a fully owned subsidiary of Mahindra and Mahindra Financial Services, hopes to mobilise over Rs 100 crore from its bonds issue scheme Mahindra Credit Risk Yojana, said managing director and chief executive Ashutosh Bishnoi.

Speaking to mediapersons in Hyderabad on Monday, Bishnoi said the asset management company

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Tech view: Nifty forms small bullish candle; 11,100-11,172 range is key
NEW DELHI: The Nifty50 logged solid gains on Monday and closed above the 11,080 mark, which had in the past proved to be tough resistance for the index.

A consistent rise above this level, especially if the index rises above the 11,130 mark, would pave the way for further gains in the index. A failure to hold above this level may drag the index

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ashok leyland share price: Hold Ashok Leyland, target Rs 120: Sharekhan - The TheIndianSubcontinent

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Larsen Toubro Infotech Q1 profit up 35% YoY
Pune: Larsen - Toubro Infotech reported a net profit of Rs 361.2 crore for the quarter ended June, up 24.8 per cent sequentially and 35.2 per cent over the corresponding quarter last year.

Revenue for the period were at Rs 2,155.7 crore, up 7.7 per cent QoQ and 29 per cent YoY. In US dollar terms, revenue was $319.9 million, up 3.5 per cent

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Sensex hits fresh all-time peak, Nifty ends at 6-month high
NEW DELHI: Indian equity market extended its winning streak to a second consecutive session, underpinned by gains in select auto, FMCG and bank stocks, including ITC, ICICI Bank and Maruti Suzuki.

The BSE Sensex settled at 36,719, up by 222 points, or 0.61 per cent. This was the fresh all-time high for the index.

The NSE Nifty climbed 75 points,

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ashok leyland share price: Hold Ashok Leyland, target Rs 120: Sharekhan - The TheIndianSubcontinent

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What made Rakesh Jhunjhunwala hike stake in debt-laden Jaiprakash Associates
NEW DELHI: Rakesh Jhunjhunwala follows his own instincts when it comes to investing. What else can explain the ace investor's expos ure to companies that are struggling with a big debt load

His investment in Jaiprakash Associates (JAL) has now become the talking point of sorts.

Jhunjhunwala increased his stake in Jaiprakash Associates to 1.98

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P-notes investment continue to drop; hit fresh low at Rs 83,688 crore
NEW DELHI: Investments through participatory notes into Indian capital markets plunged to more than nine-year low of Rs 83,688 crore at June-end amid stringent norms put in place by the watchdog Sebi to check misuse of these instruments.

P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part

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Stock market update: OMC stocks mixed; HPCL, IOC up, but ONGC, RIL under pressure
NEW DELHI: Shares of oil marketing companies (OMCs) were trading mixed during afternoon trade on Monday.

Castrol India (up 4.29 per cent), HPCL (up 1.13 per cent), Indian Oil Corporation (IOC) (up 1.12 per cent) and Petronet LNG (up 0.70 per cent) were trading with gains.

However, ONGC (down 1.11 per cent), Reliance Industries (RIL) (down 0.76

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Hero Moto, Bajaj Auto TVS tank on fear of cut-throat price war in 2-wheeler space
NEW DELHI: Shares of motorcycle makers Hero MotoCorp, Bajaj Auto and TVS Motor touched their 52-week lows on Monday amid talks that the two-wheeler mart is going to witness a cut-throat price war in the days ahead.

Analysts have started discounting a price war after Bajaj Auto, in an analyst call, indicated its intention going for aggressive

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Magicbricks' Q1 revenue up 48% at Rs 47.5 crore on revival in housing market
NEW DELHI: Realty portal Magicbricks' revenues increased 48 per cent to Rs 47.5 crore in the June quarter on the back of improvement in property markets, product innovation and new revenue streams, a top company official said.

Magicbricks is a leading property site in the country with monthly traffic exceeding 20 million visits and an active base

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Hold DCB Bank, target Rs 200: Anand Rathi
Anand Rathi has a hold call on DCB Bank Ltd. with a target price of Rs 200. The current market price of DCB Bank Ltd. is Rs 159.3 Time period given by the brokerage is a year when DCB Bank Ltd. price can reach defined target. DCB Bank Ltd., incorporated in the year 1995, is a banking company (having a market cap of Rs 4955.03 Crore).

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ACC Cement posts marginal increase in Q2 profit at Rs 328 crore
NEW DELHI: Cement major ACC Ltd today reported marginal increase in consolidated net profit to Rs 329 crore for the June quarter.

It had posted Rs 326 crore profit in April-June period of last fiscal, ACC Ltd said in a BSE filing.

The company, which follows January-December as its financial year, said net sales were at Rs 3,768 crore -- up from Rs

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BSE, NSE enhance vigil on securities under surveillance
NEW DELHI: Leading stock exchanges BSE and NSE have put in place a detailed framework for shortlisting and reviewing of securities under graded surveillance measures (GSM), wherein investors need to be extra cautious while dealing in such stocks.

These additional guidelines have been made after a joint surveillance meeting of markets regulator

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Lodha Developers' net profit rises 32% at Rs 790 crore in FY18
NEW DELHI: Realty major Lodha Developers has reported a 32 per cent rise in its consolidated net profit at Rs 790 crore during the last fiscal on account of higher sales, especially in the affordable housing segment.

Its net profit stood at Rs 599 crore in the 2016-17 financial year.

Total income of the company, which plans to launch its maiden

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L T Technology Services Q1 profit doubles YoY to Rs 198 crore
Pune: L-T Technology Services (LTTS) reported a net profit of Rs 197.5cr for the quarter ended 30th June, 2018, up 24% sequentially and 101% year on year. The company reported revenue of Rs 1152.2cr for the same period, up 9.2% sequentially and 40.1% over the corresponding quarter last year. USD revenue was at $169 million, up 5.6% QoQ in
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Profit pangs: Why brokerage houses still gave their vote to MCX
NEW DELHI: Domestic brokerages gave a thumbs up to MCX even as the leading commodity exchange's June quarter profit crashed as much as 72 per cent.

Analysts noted that the drop in profit has largely to do with other income. The growth driver for the exchange in fact stays strong, they pointed out.

They believe that the concerns about likely

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Share market update: Havells, BHEL drive capital goods index up
NEW DELHI: Gains in Havells India (up 8.77 per cent), V-Guard Industries (up 5.84 per cent), Suzlon Energy (up 4.37 per cent) and BHEL (up 2.74 per cent) were keeping the capital goods index up in Monday's session.

The BSE Capital Goods index was trading 0.89 per cent up at 17,650 around 02:30 pm.

CG Power and Industrial Solutions (up 2.03 per

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Share market update: Over 20 stocks hit 52-week highs on NSE
NEW DELHI: As many as 23 stocks, including Adani Green Energy, Asian Paints and Bajaj Finserv hit 52-week highs on NSE on Monday.

Bajaj Finance, Bandhan Bank, Bata India, Berger Paints, Borosil Glass Works, Godrej Consumer Products, Graphite India, Havells India, HEG, IPCA Laboratories, Relaxo Footwears and Talwalkars Lifestyles also featured

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Finance Ministry plans to transfer shares of some PSUs to SNIF to meet Sebi's public float norm
NEW DELHI: The Finance Ministry is planning to transfer government shares of 10 PSUs, including MMTC, ITDC, MRPL, Hindustan Copper, to a fund to meet Sebi's minimum public shareholding norms.

As per the norms, PSUs were mandated to achieve the minimum 25 per cent public shareholding by August 21, 2017, which was later extended by a year.

With

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Stock market update: PC Jeweller, Voltas boost consumer durables index
NEW DELHI: PC Jeweller (up 17.09 per cent), Symphony (up 5.56 per cent), Whirlpool of India (up 3.16 per cent) and Voltas (up 2.71 per cent) were keeping the consumer durables index up in Monday's trade.

The BSE Consumer Durables index was trading 1 per cent up at 20,175 around 02:05 pm.

Shares of Blue Star (up 1.96 per cent), Crompton Greaves

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NEW DELHI: Euphoria ruled Dalal Street on Monday as the equity benchmarks scaled record highs on GST rate cuts and the government's easy win in the no-trust motion in Parliament last week. The S-P BSE Sensex increased 222 indicate end at a fresh closing peak of 36,718, while the 50-share Nifty pack got 74.55 points to end at a six-month high
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Share market update: Telecom stocks surge up to 8%; Bharti Airtel among top gainers
NEW DELHI: Most telecom stocks were ringing loud in Monday's trade, giving a boost to the sectoral index.

The BSE Telecom was trading nearly 2 per cent up at 1,123 around 02:50 pm with GTPL Hathway (up 8.55 per cent) as the top gainer.

Shares of Tata Teleservices (Maharashtra) (up 4.01 per cent), ITI (up 3.76 per cent), GTL Infrastructure (up

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2 global factors worrying Big Bull on D-Street: Not crude or trade war
NEW DELHI: Big Bull Rakesh Jhunjhunwala says the market is preparing for another bull run, but two global factors are worrying him.

And they are not US President Donald Trump’s trade war threats or crude oil prices.

What worry him more are China’s rising debt and the probability of a disintegration of the euro region.

Any negative development in

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