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JM Financial Q1 profit rises 9% to Rs 199 crore
NEW DELHI: JM Financial has reported a 8.8 per cent surge in its net profit to Rs 199.23 crore in the first quarter ended June this fiscal.

The company had registered a net profit of Rs 183.08 crore in the corresponding April-June quarter last fiscal.

Total income grew up by 16.9 per cent to Rs 855.34 crore in June quarter of 2018-19 as against Rs

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UltraTech Cement Q1 standalone profit drops 33%, co beats view
NEW DELHI: UltraTech Cement's standalone net profit fell 32.81 per cent year-on-year to Rs 598.39 crore for the three months to June.

ETNow poll had predicted a profit of Rs 540 crore for the period in question.

The corresponding figure in the previous year was Rs 890.62 crore.

Standalone revenue increased 15 per cent YoY to Rs 8,655 crore

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DBS Bank to partner fintech companies to widen reach in India
SINGAPORE: DBS Bank, which may become the first foreign bank to set up an Indian subsidiary, plans to attract customers through fintech firms rather than spending much on physical infrastructure.

But the bank is not looking at buying strategic stake in such firms or payment apps in India at this point of time like it did in Singapore, chief

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Jindal Stainless Q1 PAT more than doubles to Rs 91 crore
KOLKATA: Jindal Stainless (JSL) Q1 PAT more than doubled to Rs 91 crore, driven by strong demand due to infrastructure spending, railway modernisation and auto sector.

Net revenue increased to Rs 3,147 crore, a growth of 56 per cent over previous corresponding period, the company said in a statement.

Earnings before interest depreciation taxes

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In FMCG, the index is not quite telling you where the money is
FMCG major Hindustan Unilever (HUL) last week delivered a strong set of numbers for June quarter with double-digit growth across all three verticals. The company’s share price reflected happier times for the sector, rallying 52 per cent in last one year.

But the FMCG index is not reflecting similar buoyancy.

As much as 80 per cent of Nifty FMCG i

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Stock market update: Ashok Leyland, Federal Bank, PNB most active volume stocks
With more than 3 crore shares changing hands early Wednesday, Ashok Leyland was among the most active stocks in terms of volume on the National Stock Exchange (NSE).

It was followed by Federal Bank (2.57 crore shares), Reliance Communications (2.21 crore), Punjab National Bank (2.20 crore), Adani Power (1.03 crore) and PC Jeweller (1.02 crore).

J

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After Market: 24 stocks in oversold zone; Bandhan Bank has dream run
NEW DELHI: A no-confidence motion against the Modi government gave a 147-point jolt to the Sensex on Wednesday.

A weaker rupee and mixed Asian markets also weighed on investor sentiment. NSE’s Nifty50 lost 28 points to settle at 10,980 while the 30-share pack of BSE shut shop at 36,373.

Volatility index India Vix advanced 7 per cent to 13.68.

Befor

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Bandhan Bank Q1 net grows 48% to Rs 482 crore
NEW DELHI: Bandhan Bank on Wednesday reported a 47.5 per cent YoY growth in net profit at Rs 481.7 crore for the June quarter.

The figure was Rs 326.5 crore in the same period last year.

Gross NPA in percentage terms stood at 1.26 per cent at the end of June quarter against 1.25 per cent in the March quarter. Net NPAs came in at 0.64 per cent

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HDFC Bank raises Rs 8,500 crore by issuing equity to parent HDFC
HDFC Bank today said it has raised Rs 8,500 crore by issuing over 3.9 crore shares on preferential basis to its parent HDFC Ltd.

"The share allotment committee of the bank at its meeting held today has allotted 3,90,96,817 share to Housing Development Finance Corporation Ltd at an issue price of Rs 2,174.09 per equity share aggregating to Rs

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F O: Nifty50 close to forming Double Top, may slip to 10,888
By Chandan Taparia

NEW DELHI: The Nifty50 index opened in the positive but failed to surpass the immediate hurdle at 11,080 and corrected sharply towards 10,950 level. The index recently saw a breakout above 10,929 level, but followup buying was missing at higher levels, as only selective heavyweight stocks held the gains.

The 50-pack formed a Dark

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Aussie shares cheered by BHP's record annual iron ore output; NZ down
Australian shares rose on Wednesday after global miner BHP reported record iron ore output for fiscal 2018, which sent its shares up over 3 per cent in a boost to peers and overall sentiment.

Wall Street's positive overnight lead also helped the S-P/ASX 200 index put on 0.7 per cent to 6,245.1 at the close. The benchmark fell 0.6 per cent on

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Stock market update: Bharti Airtel, Videocon Industries touch fresh 52-week low
More than 70 stocks on the BSE hit their fresh 52-week low even as the 30-share Sensex scaled its fresh all-time high in early deals on Wednesday.

Shares of Bharti Airtel, Kwality, Greenply, Videocon Industries, BSL, SP Apparels, Diana Tea, Binny Mills, Hilton Metal, MPL Plastics, Remi Edelstahl, Biopac India, Talwalkars Fitness, JBF Industries,

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Tech view: Nifty forms Dark Cloud Cover; not good sign for the bulls
NEW DELHI: The Nifty50 on Wednesday saw selling pressure at immediate resistance level of 11,080, and eventually closed below the 11,000 mark. In the process, the index formed a large bearish candle, resembling Dark Cloud Cover on the daily chart. The index may be bracing for 'Double Top' formation, which does not auger well for the bulls.

A long

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China stocks fall as yuan hits 2-week low
SHANGHAI: China stocks erased earlier gains and ended Wednesday lower as a weaker yuan pulled down prices of real estate developers and airliners.

The blue-chip CSI300 index fell 0.5 per cent to 3,431.32 while the Shanghai Composite Index lost 0.4 per cent to 2,787.26 points.

China's yuan hit a two-week low against a broadly stronger US dollar on

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Stock market update: HDFC Bank, HDFC, L T Infotech hit fresh 52-week high
As many as 29 stocks on the BSE hit their fresh 52-week high on Wednesday morning.

The list included stocks such as HDFC Bank, HDFC, HEG Ltd, Larsen - Toubro Infotech, Asian Paints, Envair Electro, Atlas Jewellery Ind, Dolat Invst, Shree Surgovind, Electrosteel, Danlaw Technologies, Deccan Bearings, Cigniti Tech, Astral Poly Tech, Pro Fin

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No-trust motion against Modi govt stumps Sensex, Nifty
NEW DELHI: Trust a no-trust motion to wreck it all. Stock flagships Sensex and Nifty surrendered all their day’s gains moments after a no-confidence motion against the Modi government was moved and admitted in the Lok Sabha.

It was then a rush hour moment to take profit. Weakness in the rupee, mixed movement in Asia and continuous FII pullout

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Nikkei rises to more than 1-month high; automakers, tech shares gain
TOKYO: Japan's Nikkei share average advanced to a more than one-month high on Wednesday as exporters such as automakers and technology firms got a boost after the dollar hit a six-month high against the yen.

The Nikkei gained 0.4 per cent to end at 22,794.19, its highest closing point since June 15.

The dollar was up 0.05 per cent at 112.955 yen

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Sebi planning measures to ease delisting process for firms
Mumbai: Companies with delisting plans that have been stalled by minority shareholders seeking a vastly higher buyback price may soon get a respite. The Securities and Exchange Board of India (Sebi) is planning to introduce price bands in the delisting process that will mean investors having to tender shares within that range, said two people
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Hold Hindustan Unilever, target Rs 1887: Edelweiss
Edelweiss has a hold call on Hindustan Unilever Ltd. with a target price of Rs 1887. The current market price of Hindustan Unilever Ltd. is Rs 1643.8. Time period given by the brokerage is a year when Hindustan Unilever Ltd. price can reach the defined target. Hindustan Unilever Ltd., incorporated in 1933, is a largecap company with a market cap
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By Santanu ChakrabortyAshburton Investments Ltd., which manages $10 billion in international assets, is gradually getting stocks in medium-sized Indian business that have been ignored as investors targeted better-known companies. India is a great place to conceal as it's not at the heart of the global trade-war volatility and exposed to the strength
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MUMBAI: Some brokerages raised target rate on the Hindustan Unilever stock following its June quarter result while others devalued it mentioning costly assessments. CLSA, Edelweiss, HSBC, ICICIdirect, Motilal Oswal and Nomura increased target cost on the stock by 4-18 per cent. However, Antique Stock Broking, Nomura and Jefferies have actually devalued
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ETMarkets.com|

Updated: Jul 18, 2018, 04.41 PM IST

buysell8
Edelweiss has a hold call on DCB Bank Ltd. with a target price of Rs 207. The current market price of DCB Bank Ltd. is Rs 162.2 Time period given by the brokerage is a year when DCB Bank Ltd. price can reach defined target. DCB Bank Ltd., incorporated in 1995, has a market cap of Rs 5019.88 crore.

I

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By Katherine Chiglinsky and Noah BuhayarBerkshire Hathaway Inc. shareholders may soon get their hands on part of a $109 billion mountain of cash that’s bedeviling Warren Buffett.

The company’s board announced Tuesday it’s removing a cap on stock buybacks, giving the Berkshire chairman and chief executive officer greater leeway to parcel out pro

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Stock market update: Prabhat Dairy, Vakrangee defy market trend, decline upto 7%
The Sensex's rally of over 200 points to a new high of 36,748 early on Wednesday has become the talking point.

Buying by domestic institutional investors and easing global crude prices set the tone. The 50-share NSE Nifty also advanced 62.05 points, or 0.56 per cent, to 11,070.

However, Rama Steel Tubes (down 6.78 per cent), Lanco Infratech (down

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Buy CCL Products India, target Rs 384: Edelweiss

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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Bank loans worth Rs 3.8 lakh crore need to be resolved by September 1
About Rs 3.8 lakh crore worth of loan exposure of Indian banks in 70 large accounts need to be resolved by September 1, 2018 or else they will have to head to NCLT, according to a report by ratings firm Icra. Of these, 34 accounts with Rs 2 lakh crore of exposure belongs to the power sector alone.

Loans worth Rs 4 lakh crore of 40 borrowers from

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ONGC board approves exiting Pawan Hans, to sell 49% stake
The board of ONGC has approved exiting helicopter service provider Pawan Hans by selling its entire 49 per cent stake as it looks to cut debt and consolidate resources in core oil and gas business, officials with direct knowledge of the development said.

Oil and Natural Gas Corp (ONGC) wants its interest to be clubbed with the 51 per cent

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Prabhudas Lilladher has a buy call on Bhansali Engineering Polymers Ltd. with a target price of Rs 246. The current market price of Bhansali Engineering Polymers Ltd. is Rs 128.95 Time period given by the brokerage is a year when Bhansali Engineering Polymers Ltd. price can reach defined target. Bhansali Engineering Polymers Ltd., incorporated in
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Top intraday trading ideas for afternoon trade for Wednesday, 18 July 2018
The Nifty50 index was hovering around 11,050 levels in the afternoon trade on Wednesday following buying in frontline bluechip counters.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended:

ICICIdirect.comM-M Financial is a 'Buy' call with a target price of Rs 487.90/497.90 and a stop loss

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Fed Chair says gradual hikes best path ‘for now&
WASHINGTON: Federal Reserve Chairman Jerome Powell said the central bank will continue to gradually raise interest rates “for now’’ to keep inflation near target amid a strong U.S. labor market.

The Federal Open Market Committee, the Fed panel that sets interest rates, “believes that — for now — the best way forward is to keep gradually raising the

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