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RattanIndia posts Rs 2,107 crore Q3 profit on debt restructuring

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Share market update: OMCs trade mixed; HPCL down 1%
NEW DELHI: The BSE Oil - Gas index was trading higher in Wednesday's morning session.

Shares of Indraprastha Gas (up 1.39 per cent), Castrol India (up 1.16 per cent), Reliance Industries (up 1.04 per cent), Bharat Petroleum Corporation (up 0.38 per cent) and Oil - Natural Gas Corporation (up 0.33 per cent) were among the top gainers.

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Risks to outlook remain, Fed monitoring virus: Powell

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Industry cautiously optimistic about FY21
The National Association of Software and Services Companies said the Indian IT-BPM sector grew 7.7 per cent in FY20, with exports reaching $147 billion, and headcount addition accelerated from the previous year but the sector is still ‘cautiously optimistic’ about FY21.

Despite growth rates moderating, Nasscom President Debjani Ghosh said it was a

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PEs in talks for Emcure stake; promoters eye $2 billion valuation
Mumbai: A clutch of global private equity funds such as Apax Partners, Carlyle and Advent International are exploring options to acquire 10-15 per cent stake in Emcure Pharma, a Pune-based drug manufacturer. Emcure plans to raise about $200 million as the plans for listing is getting delayed indefinitely, said two people aware of the development.

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Board Meetings Today: IRCTC, Hindalco, Ashok Leyland, Info Edge and VIP Industries

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Top intraday trading ideas for afternoon trade on Wednesday, February 12, 2020

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Share market update: PSU bank shares slip; J K Bank slumps 6%
NEW DELHI: Shares of PSU banks were trading lower in Wednesday's morning session.

Shares of J - K Bank (down 5.44 per cent), Indian Bank (down 2.16 per cent), Indian Overseas Bank (down 1.54 per cent), Union Bank of India (down 1.21 per cent), Punjab National Bank (down 0.97 per cent), Bank of Maharashtra (down 0.82 per cent), UCO Bank (down

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Last October, when local pressure groups in Assam began demanding a ban on microfinance activities in the state, it seemed like a throwback to the yesteryears for the veterans in the business.

The issue of over-indebtedness came back to haunt the industry exactly a decade after the controversial Andhra Pradesh Microfinance Institutions Ordinance,

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HEG cracks over 11% post Q3 results
Shares of HEG plunged over 11 per cent in Wednesday’s early trade after the company reported a consolidated net loss of Rs 1.23 crore for the quarter ended December 31.

The leading manufacturer and exporter of graphite electrodes posted a net profit of Rs 865.45 crore in the corresponding quarter last year.

Revenue from operations declined 78.89

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IRCTC jumps 2% ahead of Q3 results; analysts say valuations reasonable
NEW DELHI: Shares of IRCTC climbed 2 per cent in Wednesday’s trade ahead of its December quarter results.

At 9.55 am, the scrip was trading at Rs 1,434 on BSE, up 1.98 per cent. With this, the scrip has rallied 342 per cent over its issue price of Rs 320 per share but many analysts believe the scrip is still reasonably valued.

The scrip got listed

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Stocks in the news: IRCTC, IDBI Bank, SPARC, IndusInd Bank, Hindalco and Info Edge
Nifty futures on the Singapore Exchange traded 29.50 points, or 0.24 per cent, higher at 12,156.50, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

IRCTC, Ashok Leyland: IRCTC, Hindalco, Ashok Leyland, ABB, Info Edge, Power Finance Corporation, PI Industries, IPCA Labs, Torrent Power,

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Share market update: BSE Capital Goods index down; HEG plunges 12%
NEW DELHI: The S-P BSE Capital Goods index was down in Wednesday's afternoon session.

Shares of NBCC (India) (up 3.59 per cent), Honeywell Automation India (up 2.22 per cent), Lakshmi Machine Works (up 1.45 per cent), Finolex Cables (up 0.96 per cent), Schaeffler India (up 0.94 per cent), Elgi Equipments (up 0.59 per cent), Hindustan

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Share market update: FMCG shares trade higher; HUL climbs 5%
NEW DELHI: FMCG shares were trading in the positive zone in Wednesday's morning session.

Shares of Hindustan Unilever (up​ 4.82 per cent)​, Godrej Consumer Products (up​ 2.44 per cent)​, Dabur India (up​ 2.19 per cent)​, Nestle India (up​ 1.67 per cent)​, United Spirits (up​ 1.34 per cent)​, Jubilant Foodworks (up​ 1.09 per cent)​, Britannia Indus

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India’s capital markets regulator and stock exchanges have put on hold a proposal that would have required traders to pay the entire initial margins before executing even intraday trades, a move brokers said would have hit transaction volumes and made business unviable for many D-Street intermediaries.

So, instead of its earlier proposal, the Secur

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NEW DELHI: Consumer Durables shares were trading with gains in Wednesday's session.

Shares of CROMPTON (up 1.81 per cent), Symphony (up 1.0 per cent), VIP Industries (up 0.94 per cent), Blue Star (up 0.65 per cent), Whirlpool of India (up 0.6 per cent), Rajesh Exports (up 0.39 per cent) and TTK Prestige (up 0.13 per cent) were among the top

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Share market update: Metal shares shine; Hindustan Copper gains 3%
NEW DELHI: Metal shares were with gains in Wednesday's morning session.

Shares of Hindustan Copper (up 2.89 per cent), Vedanta (up 1.35 per cent), JSW Steel (up 1.19 per cent), Tata Steel (up 0.89 per cent), NMDC Ltd (up 0.8 per cent), Hindalco Industries (up 0.31 per cent), Jindal Steel - Power (up 0.15 per cent), Steel Authority of India

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Mumbai: The Reserve Bank of India has taken yet another step towards opening the mandate of issuing and operating of new retail payment channels to private sector players. A draft framework detailing the eligibility and governance criteria of the proposed ‘new umbrella entities’ (NUE) along with scope of activities has now been issued by the
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Share market update: Telecom shares down; Vodafone Idea falls 6%
NEW DELHI: Telecom shares were trading with losses in Wednesday's morning session.

Shares of Vodafone Idea (down 5.54 per cent), GTL Infrastructure (down 4.88 per cent), Tejas Network (down 2.9 per cent), Reliance Communications (down 2.74 per cent), Vindhya Telelinks (down 0.88 per cent), Bharti Infratel Ltd (down 0.88 per cent), ITI (down 0.81

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Stock market update: 58 stocks hit 52-week lows on NSE
NEW DELHI: Around 58 stocks fell to touch their 52-week lows on NSE in Wednesday's session.

Among the stocks that touched their 52-week lows were Bharat Heavy Electricals, Allahabad Bank, CSB Bank, DB Corp and Ambika Cotton Mills.

Engineers, Indian Bank, Shemaroo Entertainment, SpiceJet and Zensar also featured among the stocks that touched their

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Mumbai: The market regulator has asked the National Stock Exchange (NSE) to divest its complete stake in its associate company Computer Age Management Systems (CAMS), said two people privy to the development.

In a letter dated February 4, Securities and Exchange Board of India (Sebi) observed that NSE failed to obtain prior regulatory approval

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IDBI Bank tanks 5% as Q3 loss widens to Rs 5,763 crore
NEW DELHI: Shares of IDBI Bank tumbled 5 per cent in Wednesday’s trade after the bank said its loss widened to Rs 5,763.04 crore for the December quarter from Rs 4,185.48 crore in the year-ago period.

The scrip fell 4.72 per cent to hit a low of Rs 35.25 on BSE.

The bank had reported Rs 3,458.84 crore loss in the September quarter. The lender,

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Bandhan Bankweight in MSCI India index may rise by 32 bps
Bandhan Bank’s weight in the MSCI India Index is likely to go up by 32 basis points in its next rejig due to an increase in free float, which could trigger an inflow of about Rs 700 crore from overseas passive funds, Morgan Stanley said. MSCI will announce its review of indices Wednesday.

Analysts tracking the Indian bank are bullish, with 14 of

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New Delhi|Mumbai: Adani Group and Vedanta are competing to acquire Lanco’s Amarkantak power plant located in the mine-rich Korba area of Chhattisgarh after it was admitted for insolvency proceedings by the National Company Law Tribunal (NCLT) last year, according to people aware of the matter.

Both parties are conducting due diligence on the power

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Share market update: Power shares mixed; BHEL falls nearly 6%
NEW DELHI: The BSE Power index was flat in Wednesday's morning session.

Shares of NTPC (up 1.33 per cent), KEC International (up 0.66 per cent), Power Grid Corporation of India (up 0.63 per cent), Adani Transmissions (up 0.13 per cent) and Adani Power (up 0.08 per cent) were among the top gainers.

While Bharat Heavy Electricals (down 5.71 per

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So, how RBI really fared in its ‘whatever it takes& moment
By B. PrasannaGroup Head - Global Markets, Sales, Trading and Research, ICICI BankThe RBI’s latest monetary policy came as a pleasant surprise to the financial market in its use of innovative tools for nurturing the fledgling growth recovery in the economy to address the broken link of credit availability and delivery due to crises in the NBFC s
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Piramal plans mega launch of online consumer lending

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These 10 multibaggers are off to a flying start in 2020 after tepid 2019These 10 multibaggers are off to a flying start in 2020 after tepid 2019These 10 multibaggers are off to a flying start in 2020 after tepid 2019
These 10 multibaggers are off to a flying start in 2020 after tepid 2019
NEW DELHI: After facing a rough patch in 2019, 10 multibagger stocks are off to a flying start in 2020. These stocks have jumped 14-43 per cent so far in 2020 after clocking negative returns for the previous year. For long-term investors, these stocks have delivered anywhere between 1,000 per cent and 22,300 per cent returns in last 10 years.

These

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Stocks inch higher as new coronavirus cases fall
TOKYO: Asian shares and Wall Street futures nudged higher on Wednesday amid hopes the worst of the coronavirus in China may have passed, although prevailing uncertainty about the outbreak has kept investors wary.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.31 per cent.

Chinese shares fell 0.12 per cent, but investors in

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Govt overdraft from RBI hints at worries on finances
Mumbai: For most out-of-town students, the last few days of the month are rather trying. They rely on a combination of hostel loans and credits at the messing facilities to tide over the month-end cash crunch. North Block appears to be relying lately on similar arrangements with the central bank to tide over its own cash-flow mismatches.

The Ways

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