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IHCL reports profit of Rs 213 crore for quarter ended December 31
Indian Hotels Company Ltd (IHCL) has reported a profit of Rs 213 crore for the quarter ended December 31 on a consolidated basis compared to a profit of Rs 170 crore in the corresponding period of the previous fiscal.

The hospitality chain reported revenues of Rs 1372 crore for the quarter under review, up from Rs 1323 crore in the corresponding

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HUL Q3 results: Profit rises 12% to Rs 1,616 crore, volume growth at 5%
NEW DELHI: FMCG major Hindustan Unilever on Friday 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.

Analysts in an ET NOW poll had projected the number at Rs 1,643 crore.

Sales for the quarter rose 3.62 per cent to Rs 9,696 crore from

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Stock market update: Realty shares mixed; Indiabulls Real Estate dips 3%
NEW DELHI: Realty shares were trading on a mixed note in Thursday's morning session.

Shares of Phoenix Mills (up 1.3 per cent), Brigade Enterprises (up 0.92 per cent), Godrej Properties (up 0.23 per cent) and Prestige Estates Projects (up 0.19 per cent) were among the top gainers.

While Indiabulls Real Estate (down 3.63 per cent), Oberoi Realty

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Survey asks realtors to cut prices, deals blow to Budget sops hopes
The beaten-down real estate sector may take a hit, as the Economic Survey 2020 urged real estate firms to reduce prices so that banks and NBFCs could get relief and they can clear up the unsold inventory faster.

The Survey said the government’s thrust on affordable housing is a clear attempt to boost the real estate sector and consequently c

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Eco Survey has right vibes; will Budget reflect same thinking, asks D-Street
India is facing its worst economic slowdown in a decade. Growth fell to 4.5% in the July-September quarter. Consequently, the Budget deficit may need to exceed this year’s target, 3.3% of gross domestic product, the government said in an economic survey released on Friday.

“Going forward, considering the urgent priority of the government to revive

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DHFL slips 5% as ED alleges Rs 12,773 crore fraud
Shares of Dewan Housing Finance Corporation (DHFL) declined nearly 5 per cent in Thursday’s early trade after reports that former DHFL CMD Kapil Wadhawan had allegedly siphoned off Rs 12,773 crore bank money with the help of 79 shadow entities and one lakh fictitious customers.

The scrip traded 4.90 per cent down at Rs 13.60 at around 9.25 am,

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Sebi disposes of insider trading case against SpiceJet's former independent director
Capital markets regulator Sebi on Friday disposed of an alleged insider trading case against former independent director of SpiceJet, K R Sasiprabhu, saying the charges could not be established against him. It had been alleged that Sasiprabhu had traded in the scrip of SpiceJet while in possession of unpublished price sensitive information (UPSI)
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Share market update: Power shares down; BHEL slips over 2%
NEW DELHI: The BSE Power index was down in Thursday's morning session.

Shares of Bharat Heavy Electricals (down 2.13 per cent) , Adani Power (down 1.41 per cent) , JSW Energy (down 1.13 per cent) , ABB India Ltd (down 1.02 per cent) , Thermax (down 1.01 per cent) , Torrent Power (down 0.8 per cent) , KEC International (down 0.78 per cent) ,

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Share market update: Pharma shares dip; Aurobindo Pharma slumps 6%
NEW DELHI: Pharma shares were trading in the red in Thursday's morning session with their sectoral index trading lower.

Shares of Aurobindo Pharma (down 6.44 per cent), Glenmark Pharmaceuticals (down 2.62 per cent), Cadila Healthcare (down 1.37 per cent), Sun Pharmaceutical Industries (down 1.26 per cent), Lupin (down 0.91 per cent), Cipla (down

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Jubilant Life Sciences Q3 net profit down 24% to Rs 203.38 crore
Drug firm Jubilant Life Sciences on Friday 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. It had posted a net profit of Rs 267.52 crore in the October-December quarter a year ago, Jubilant Life Sciences said in a BSE filing.

Net sales during the quarter under review

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Share market update: OMCs trade in the red; HPCL down 2%
NEW DELHI: The BSE Oil - Gas index was trading in the red in Thursday's morning session.

Shares of Gujarat State Petronet (down 2.98 per cent) , HPCL (down 1.81 per cent) , Castrol India (down 1.77 per cent) , Reliance Industries (down 1.28 per cent) , Bharat Petroleum Corporation (down 1.23 per cent) , Indraprastha Gas (down 1.07 per cent) ,

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Sensex falls 150 points, Nifty below 12,100; DHFL tanks 5%
Anxiety over rapid spread of the deadly coronavirus in China weighed on Indian stocks on Thursday as equity indices opened with losses.

China's National Health Commission said on Thursday the total number of confirmed deaths from the coronavirus in the country climbed to 170 as of late Wednesday, as the number of infected patients rose to 7,711.

BS

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Tech View: Be patient with Budget volatility, don&t rush to buy on dips
NEW DELHI: Nifty50 slipped below the 12,000 level on Friday and formed a bearish candle on the daily and weekly charts ahead of Saturday’s Union Budget. Analysts said as long as the index stays below that mark, it will remain vulnerable to selloffs.

It was the second day when Nifty closed below its 50-day EMA, said Chandan Taparia of Motilal

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After 3,600% return in 10 years, a slump! Will this stock remain a multibagger?
Mumbai: After delivering a stellar 3,600 per cent gain over 10 years, the stock of specialty chemicals maker Aarti Industries has seen a major underperformance in recent months.

But analysts are not ready to give up on it. They say the current dip could be a blip and the stock is unlikely to lose its multibagger tag.

Aarti delivered 3,654 per cent

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Share market update: Bank shares down; Yes Bank slips 4%
NEW DELHI: Bank shares were trading with losses in Thursday's morning session.

Shares of Yes Bank (down 4 per cent), IDFC BANK (down 3.86 per cent), RBL BANK (down 2.71 per cent), Bank of Baroda (down 1.07 per cent), IndusInd Bank (down 0.93 per cent), HDFC Bank (down 0.88 per cent), Punjab National Bank (down 0.66 per cent), State Bank of India

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F O: Over to Budget; banking stocks only hope as bears rule
By Chandan TapariaNifty failed to hold the 12,100 level on Friday and declined sharply towards the 11,950 mark in the later part of the session. It remained highly volatile throughout the session ahead of the Union Budget and pressure was visible at every bounceback attempt.

Eventually, the index breached the psychologically important support at

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Share market update: PSU bank shares fall; Canara Bank down 2%
NEW DELHI: Shares of PSU banks were trading with losses in Thursday's morning session.

Shares of Central Bank of India (down 2.09 per cent) , Canara Bank (down 1.76 per cent) , Bank of Baroda (down 1.39 per cent) , UCO Bank (down 1.26 per cent) , State Bank of India (down 1.07 per cent) , Punjab National Bank (down 0.98 per cent) , Indian Bank

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Share market update: Auto shares mixed; Bosch dips 2%
NEW DELHI: Auto shares were trading on a mixed note in Thursday's morning session.

Shares of Eicher Motors (up 1.4 per cent) , Tata Motors (up 0.93 per cent), Mahindra - Mahindra (up 0.48 per cent) , Hero MotoCorp (up 0.39 per cent) , Bajaj Auto (up 0.21 per cent) , TVS Motor Company (up 0.2 per cent) , Maruti Suzuki (up 0.14 per cent) and

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Power Grid Q3 results: Profit rises 14% to Rs 2,672 crore; total income grows 7%

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Tata Motors shares up ahead of Q3 results; herewhat to expect
Shares of Tata Motors traded higher in Thursday’s morning trade ahead of its financial results for the quarter ended December 31.

The scrip was up 1.57 per cent at Rs 191 at around 9.50 am, while the BSE Sensex was down 174 points, or 0.42 per cent, at 41,024 around the same time.

The company is likely to report a decent set of numbers. According

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Asset quality, growth and wider footprint fire up CreditAccess
ET Intelligence Group: The stock of microfinance lender CreditAccess Grameen (CAGL) continued to hit a 52-week high on Tuesday notwithstanding the weakness in the broader market ahead of the Union budget slated for Saturday and rising risk of the spread of coronavirus in China and neighbouring countries.

The stock has gained 11 per cent in one

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Sensex drops 190 points as investors digest Economic Survey; Nifty ends at 11,962
Mumbai: Benchmark equity indices Sensex and Nifty fell the most in six months in January, as concerns over China virus curbed risk appetite and investors stayed on the sidelines ahead of the crucial Union Budget on February 1. It was also the worst January since 2016 for both the indices.

For the month, Sensex and Nifty fell 1.3 per cent and 1.8

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Share market update: FMCG shares trade lower; Emami falls 5%
NEW DELHI: FMCG shares were trading lower in Thursday's morning session.

Shares of Godrej Consumer Products (down 6.16 per cent) , Emami (down 4.5 per cent) , Marico (down 1.61 per cent) , Nestle India (down 0.87 per cent) , ITC (down 0.74 per cent) , United Breweries (down 0.58 per cent) , Hindustan Unilever (down 0.39 per cent) , Godrej

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Share market update: Telecom shares rise; GTL Infra gains 3%
NEW DELHI: Telecom shares were trading with gains in Wednesday's morning session.

Shares of Optiemus Infracom (up 2.89 per cent) , GTL Infrastructure (up 2.7 per cent) , Bharti Infratel Ltd (up 1.77 per cent) , Mahanagar Telephone Nigam (up 1.69 per cent) , HFCL Ltd (up 1.18 per cent) , GTPL Hathway (up 0.88 per cent) , OnMobile Global (up 0.85

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Shares struggle for footing after virus-battered week
World share markets fought to regain their footing on Friday as investors clutched at hopes that China could contain the coronavirus, even as headlines spoke of more cases and deaths, travel bans, evacuations and factory shutdowns.

Europe opened 0.3 per cent higher following a bounce in Tokyo, but did little to repair what has been the most

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Share market update: Metal shares decline; Welspun Corp dips 3%
NEW DELHI: Metal shares were trading in the negative zone in Thursday's morning session.

Shares of Welspun Corp (down 2.73 per cent) , Hindustan Copper (down 2.03 per cent) , Steel Authority of India (down 1.99 per cent) , Tata Steel (down 1.48 per cent) , APL Apollo Tubes (down 1.23 per cent) , National Aluminium Company (down 1.12 per cent) ,

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Share market update: Power shares up; BHEL rises nearly 3%
NEW DELHI: The BSE Power index was up in Wednesday's morning session.

Shares of Reliance Infrastructure (up 3.88 per cent), Bharat Heavy Electricals (up 2.66 per cent), KEC International (up 2.17 per cent), NTPC (up 2.01 per cent), Adani Power (up 1.57 per cent), Power Grid Corporation of India (up 1.5 per cent), Tata Power Company (up 1.48 per

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Tech Mahindra Q3 results: Profit drops 5% to Rs 1,146 crore; margins fall by 310 bps
Tech Mahindra on Friday posted 4.7 per cent year-on-year (YoY) fall in consolidated profit at Rs 1,145.9 crore for the quarter ended December 31. Analysts in an ET NOW poll had projected the number at Rs 1,004.8 crore.

Net revenue of the company during the quarter was at Rs 10,004.2 crore, up 10.85 per cent over Rs 9,024.3 in the same quarter a

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Share market update: 31 stocks hit 52-week highs on NSE
NEW DELHI: Around 31 stocks rose to touch their 52-week highs on NSE in Thursday's session.

Among the stocks that touched their 52-week highs were Alembic, Bajaj Finserv, Bajaj Finance, DFM Foods, Hinduja Global Solutions, Jubilant Industries, Laurus Labs, Pidilite Industries, Rana Sugars and TCI Express.

Benchmark NSE Nifty index was trading

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Bajaj Finance Q3 results preview: Profit may rise 50-60%; watch out for commentary on Karvy issue
NEW DELHI: Bajaj Finance is expected to post 50-60 per cent rise in net profit for December quarter, aided by corporate tax cut. It is seen reporting net interest income (NII) growth of 32-27 per cent.

Sharekhan expects NII to rise 34.5 per cent to Rs 4,303 crore from Rs 3,199 crore YoY. It sees profit rising 51.6 per cent to Rs 1,606 crore from

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