StockMarket

PNB gets conditional nod from RBI to pay interest
MUMBAI: Punjab National Bank which has been staring at a default on interest payments, has received conditional approval from the Reserve Bank of India to pay interest on its perpetual bonds that are due next week, said two senior officials aware about the development.

The beleaguered bank will have to raise Rs 135 crore in equity, the amount it

Details
Category: Stock Market

Write comment (98 Comments)

HUL stock comes off 1% post Q1; Should you move in
Hindustan Unilever (HUL) plunged over 1 per cent early Tuesday, a day after it came out with its earnings numbers.

The FMCG major posted a 19.17 per cent year-on-year increase in standalone net profit at Rs 1,529 crore for April-June, led by a strong volume growth and sustained margin improvements.

Net profit came in at Rs 1,283 crore in the June

Details
Category: Stock Market

Write comment (99 Comments)

HUL sees gradual improvement in demand; 5 key takeaways from Q1 results
NEW DELHI: FMCG major Hindustan Unilever (HUL) on Monday reported 19 per cent year-on-year rise in net profit for the quarter ended June 30, 2018. The company’s net profit rose to Rs 1,529 in Q1FY19 against Rs 1,283 crore in the corresponding quarter last year. The performance came in-line with market expectations.

"We have delivered another

Details
Category: Stock Market

Write comment (98 Comments)

When stocks fell in Q1, 100 promoters turned value buyers in their own stocks
Promoter activity in a stock often reflects problems and prospects of a business and investors use them as clues to take positions.

When the domestic equity market went through a tumultuous phase last quarter, promoters of over 100 companies from across sectors went bargain hunting and raised their stakes, as these stocks witnessed sharp drop in

Details
Category: Stock Market

Write comment (92 Comments)

Buzzing stocks: RCom, PC Jeweller, HUL, RIL, Infosys
NEW DELHI: with over 1.90 crore shares changing hands, Reliance Communications emerged as the most traded stock on NSE in morning trade on Tuesday.

PC Jeweller (number of shares traded: 1.79 crore) and Jaiprakash Associates (1.41 crore) were up next.

Ashok Leyland (0.78 crore), Suzlon Energy (0.75 crore), IDBI Bank (0.63 crore), IDFC Bank (0.59

Details
Category: Stock Market

Write comment (96 Comments)

Moody's retains A3 ratings for TCS with stable outlook
MUMBAI: Global ratings agency Moody's today affirmed largest software exporter TCS' rating at the highest among India Inc with a stable outlook.

The rating agency said the Tata Sons-run company's credit profile is stringer than the 'A3' rating, but the sovereign rating of BBB- constrains the rating.

"As an Indian company, TCS remains exposed to

Details
Category: Stock Market

Write comment (95 Comments)

Idea comes off 2% on DoT 'no' to dues revisit
NEW DELHI: Idea Cellular declined 2 per cent on Wednesday after DoT rejected its plea along with that of Vodafone India to revisit their dues.

The Department of Telecommunications said its numbers are fine and India’s second- and third-largest telcos should pay up to get a final seal of approval on their merger at the earliest.

The stock fell 2

Details
Category: Stock Market

Write comment (97 Comments)

Buzzing stocks: RCom, PC Jeweller, HUL, RIL, Infosys
NEW DELHI: with over 1.90 crore shares changing hands, Reliance Communications emerged as the most traded stock on NSE in morning trade on Tuesday.

PC Jeweller (number of shares traded: 1.79 crore) and Jaiprakash Associates (1.41 crore) were up next.

Ashok Leyland (0.78 crore), Suzlon Energy (0.75 crore), IDBI Bank (0.63 crore), IDFC Bank (0.59

Details
Category: Stock Market

Write comment (96 Comments)

PNB appoints i-bankers for stake sale in housing arm
MUMBAI: Struggling to raise growth capital following a monutnain of bad loan provisions, state- run Punjab National Bank (PNB) has appointed merchant bankers to sell a controlling stake in PNB Housing Finance, a top bank official has said.

The deal is expected to be finalised in the next few months, the official added.

Last week, the bank and Carly

Details
Category: Stock Market

Write comment (91 Comments)

MCX hits a high as glitch details emerge
NEW DELHI: MCX ruled higher by 2 per cent on Tuesday after the commodity exchange offered more details on Monday's technical glitch.

The stock rose 2.24 per cent to hit a high of Rs 795.6 on the BSE.

"Data integrity and other checks have been performed to satisfy and assure that there has been no impact on any of the surveillance, risk margining

Details
Category: Stock Market

Write comment (95 Comments)

QIPs (qualified institutional placements) in the past two years haven’t really set the returns charts on fire. More than two- thirds of those that made such sales have seen their stock fall below issue prices, illustrating how tightening liquidity – and disappointing operating performance — could shrink valuations.

Since the beginning of 2016,

Details
Category: Stock Market

Write comment (96 Comments)

Accumulate IndusInd Bank, target Rs 2,033: KR Choksey Securities
IndusInd Bank share price: Accumulate IndusInd Bank, target Rs 2,033: KR Choksey Securities - The TheIndianSubcontinent

Never miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot now

You can switch off notifications anytime using browser settings.

Recos

DID YOU KNOWUnleash the power of SIP - Invest in Mutual funds

Details
Category: Stock Market

Write comment (95 Comments)

Stock market update: Over 240 stocks hit 52-week lows on NSE
NEW DELHI: Over 250 stocks including ACC, Accelya Kale Solutions, Ambuja Cements and Bharti Airtel hit 52-week lows on NSE in Tuesday's trade while the market was trading on a cautious note.

Equity markets pared most gains owing to poor show by select FMCG, financial and technology stocks. Hindustan Unilever, IndusInd Bank, Kotak Mahindra Bank,

Details
Category: Stock Market

Write comment (91 Comments)

Reclassification of promoters likely to become easier soon
Mumbai: Erstwhile company promoters, who do not wish to be classified as one as per regulatory requirements, may get some respite soon. The Securities and Exchange Board of India is planning to simplify rules on re-classification of promoters as public shareholders as it aims to bring the existing rules in line with the Uday Kotak Committee
Details
Category: Stock Market

Write comment (90 Comments)

Buy Infosys, target Rs 1,450: Sharekhan
Sharekhan has a buy call on Infosys with a target price of Rs 1,450.

The current market price of Infosys is Rs 1,333.05.

Time period given by the brokerage is one year when Infosys price can reach the defined target.

Investment rationale by Sharekhan:Infosys reported a steady quarter in terms of Constant currency (CC) revenue and operating

Details
Category: Stock Market

Write comment (91 Comments)

Look for quality CAN SLIM model throws up these 10 stocks
Stock picking turned difficult this year thanks to strong volatility in the domestic equity market. Market participants look undecided whether to go with a technical or fundamental view.

But how about going with the combination of the two CAN SLIM does exactly that to identify potential value stocks.

Developed by investor William O’Neil, this is

Details
Category: Stock Market

Write comment (91 Comments)

Stock market update: PSU bank stocks rise; OBC, PNB up 2%
NEW DELHI: Most PSU bank stocks were trading with gains during morning trade on Tuesday, buoyed by report that the government is likely to go for capital infusion in state-run banks.

ET reported, quoting a senior finance ministry official, that the government may infuse about Rs 8,000 crore in five or six state-run banks that are likely to fall

Details
Category: Stock Market

Write comment (91 Comments)

After Market: 22 oversold stocks, a big hit on steel fresh pain for PCJ
NEW DELHI: Two steps forward, one step backward!

After the S-P BSE Sensex logged some 2.5 per cent gain last week, a sudden spike in wholesale price inflation pulled the benchmark indices down over half-a-per cent in Monday’s trade.

On BSE, metal stocks bled the most, followed by realty and healthcare, as all sectoral indices barring IT ended

Details
Category: Stock Market

Write comment (93 Comments)

NMCE shifts to e-warehouse receipts for July delivery
KOCHI: The National Multi-Commodity Exchange of India Limited (NMCE) has shifted to electronic warehouse receipts for its delivery of July 2018 contracts. As on July 14, 517 electronic negotiable warehouse receipts (eNWRs) have been issued out of which a total of 397 eNWRs have been settled in Kerala for the rubber contract by NMCE during July
Details
Category: Stock Market

Write comment (99 Comments)

A load of worries for truck makers
ET Intelligence Group: The government Monday allowed road transporters to raise the freight load carried in each truck by about a fourth, potentially reducing immediate demand for Ashok Leyland, Tata Motors and Eicher Motors – companies that sell commercial vehicles to Indian fleet owners.

With both replacement demand and immediate sales coming

Details
Category: Stock Market

Write comment (98 Comments)

Stock market update: 17 stocks hit 52-week highs on NSE on Monday
NEW DELHI: Asian Paints, Bajaj Finserv, Bajaj Finance, Britannia Industries and Cigniti Technologies featured among the 17 stocks that touched 52-week highs on NSE on Monday despite weak market sentiment.

Godrej Consumer Products, HDFC, Hindustan Unilever, Infosys, Kotak Mahindra Bank, Mphasis and Sanofi India too joined the pack of stocks that

Details
Category: Stock Market

Write comment (97 Comments)

Share market update: Market in the green, but these stocks plunge over 5%
NEW DELHI: Shares of Sintex Plastics Technology (down 8.97 per cent), DB Corp (down 8.52 per cent), Ankit Metal - Power (down 6.25 per cent) and MEP Infrastructure Developers (down 5.37 per cent) plunged over 5 per cent on NSE in Tuesday's trade.

Shares of V-Mart Retail (down 5 per cent), Vakrangee (down 4.99 per cent), Bhansali Engineering

Details
Category: Stock Market

Write comment (96 Comments)

Sensex jumps 100 pts, Nifty50 tests 10,950; OMCs rally up to 3%
NEW DELHI: Benchmark indices opened on a positive note as investors cheered a sharp drop in crude oil prices overseas. This is in the backdrop of a trim in India's growth forecast by IMF by 10 basis points to 7.3 per cent for the current year, citing higher crude prices and faster-than-anticipated monetary tightening.

Investors were keenly

Details
Category: Stock Market

Write comment (94 Comments)

Share market update: Over 300 stocks hit 52-week lows on Monday
NEW DELHI: As many as 307 stocks, including Can Fin Homes, Capital First, Corporation Bank, Cummins India, Deepak Fertilizers and Petrochemicals Corporation, Den Networks and Dena Bank hit 52-week lows on NSE on Monday.

Ambuja Cements, Andhra Bank, Atlas Cycles (Haryana), Bank of India, BHEL, Dollar Industries, Federal Bank, HDIL, IDFC, IDFC

Details
Category: Stock Market

Write comment (95 Comments)

Stock market update: Sensex, Nifty up; these stocks surge over 5%
NEW DELHI: Shares of Kitex Garments (up 8.73 per cent), Fortune Financial Services (India) (up 7.83 per cent), Future Market Networks (up 6.36 per cent), 3i Infotech (up 5.71 per cent) and Sterlite Technologies (up 5.05 per cent) surged over 5 per cent on NSE during Tuesday's trade.

Equity markets were in the positive territory on fresh buying by

Details
Category: Stock Market

Write comment (97 Comments)

Sell India Cements, target Rs 93: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a sell call on India Cements Ltd. with a target price of Rs 93. The current market price of India Cements Ltd. is Rs 99.6 Time period given by the analyst is Intra Day when India Cements Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 103.5.

India Cements Ltd.,

Details
Category: Stock Market

Write comment (99 Comments)

Tech view: Nifty50 forms Bearish Belt Hold; bulls just won&t give in
NEW DELHI: The Nifty50 faced selling pressure above the 11,000 level on Monday, but rebounded from a critical support level to suggest that the bulls were in no mood to give in.

The index made a formation similar to the 'Bearish Belt Hold' pattern on the daily chart.

During the session, the index filled the gap area between 10,976 and 10,999

Details
Category: Stock Market

Write comment (97 Comments)

Tata Steel up 2% as company looks to raise $3 billion
NEW DELHI: Tata Steel stock looked good on Tuesday, jumping 2 per cent, on the buzz that the steelmaker is looking to raise $3.1 billion in overseas loans.

Sources told ET that the Tata group company is trying to mobilise $3.1 billion in overseas loans in a bid to dispose of existing high-cost debt, ahead of its European operations' merger with

Details
Category: Stock Market

Write comment (94 Comments)

The beginning of the week remained disappointing as the technical caught up with the market. The Indian equity market was expected to stall its upmove and in line with the analysis in our previous note, the Nifty corrected in the Monday’s trade. The benchmark index ended the day losing 82.05 points or 0.74 per cent.

Relatively much more pain was

Details
Category: Stock Market

Write comment (100 Comments)

F O: What do OI positions in Calls, Puts say about Nifty setup
The Nifty50 index failed to hold above the psychologically important 11,000 level and remained under pressure throughout Monday’s session.

It formed a bearish candle on a daily scale, which suggests the bears are putting pressure at higher levels. Now, it has to hold and sustain above 10,929 to extend its gains towards 11,080, while a hold below

Details
Category: Stock Market

Write comment (99 Comments)