StockMarket

Infosys shares fall on reports Sebi likely to call for forensic audit
Shares of Infosys on Friday managed to pare some losses after falling over 1 per cent during the day amid reports that market watchdog Sebi is likely to call for forensic audit of books of the company on whistleblower allegations of financial irregularities at the firm.

The scrip declined 1.37 per cent to Rs 773.80 during the day on the BSE.

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Stock market update: Metals stocks gain; Jindal Steel up 3%
NEW DELHI: Most of the metals stocks were trading with gains in Friday's afternoon session.

Shares of Jindal Steel - Power (up 3.0 per cent), Hindustan Copper (up 3.0 per cent), JSW Steel (up 2.42 per cent), Vedanta (up 1.78 per cent) and Steel Authority of India (up 1.69 per cent) were the top gainers.

Coal India (up 1.63 per cent), APL

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Stock market update: Energy stocks advance; Tata Power gains 2%
NEW DELHI: Most of the energy stocks were trading with gains in Friday's morning session.

Shares of Tata Power Company (up 2.16 per cent), Indian Oil Corporation (up 1.48 per cent), NTPC (up 1.23 per cent), GAIL (India) (up 1.12 per cent) and Oil - Natural Gas Corporation (up 0.68 per cent) were among the top gainers.

HPCL (up 0.43 per cent),

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Shaktikanta Das says structural, fiscal reforms must continue
NEW DELHI: The Reserve Bank of India’s Governor Shaktikanta Das on Friday said the government is focusing on infrastructure spending, which will augment growth potential of the economy. He also asked states to play an important role by enhancing expenditure.

Das added that structural reforms and fiscal measures have to be continued and further

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Not received Sebi request for further audits: Infosys

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PNB Housing dives 12% on poor Q3 results
NEW DELHI: Shares of PNB Housing Finance fell 12 per cent in Friday’s trade after the company reported a 22 per cent drop in net profit at Rs 237 crore for the December quarter amid lower credit growth, despite easing interest rate cycle and adequate liquidity.

Following the development, the stock fell 12.07 per cent to Rs 476.80 on BSE.

The

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Market Movers: Zensar takes a knock; Westlife, Godrej UltraTech get high
Poor December quarter earnings spooked Zensar Technology, which fell 12 per cent on Friday, while McDonald operator Westlife gained 5 per cent after reporting a three-fold jump in profit. UltraTech emerged as the biggest gainer in the Sensex pack as it reported a 49 per cent surge in standalone Q3 profit.

The 30-share pack gained 226.79 points to

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Induslnd Bank launches wealth management platform
Private sector lender IndusInd Bank on Friday said it has launched its wealth management platform Pioneer Banking, which caters to high net-worth customers.

"Induslnd Bank announced the launch of 'PIONEER' Banking, its wealth management platform," the private sector lender said in a BSE filing.

Based on research-based capabilities of the bank, the

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Buy Titan, price target Rs 1,240: Kunal Bothra
Kunal Bothra has a buy call on Titan Company Ltd. with a target price of Rs 1240.0 . The current price of Titan Company Ltd. is Rs 1204.1 . Kunal Bothra recommended to keep a stoploss at Rs 1180 .

Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 106898.33 Crore) operating in Gems and Jewellery

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F O: Nifty negates lower lows of past 4 sessions to signal strength
By Chandan Taparia

Nifty50 opened flattish on Friday but witnessed buying throughout the session. The benchmark indices took support around the 50 DEMA on the daily chart and moved higher for the second consecutive session. It negated the formation of lower highs after four sessions, which indicated strength.

The index formed a bullish candle on

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YES Bank shares extend gains on SBI chairman's comments
NEW DELHI: Shares of YES Bank extended their gains on Friday after SBI chairman said the troubled lender "will not be allowed to fail".

The stock was up 9.16 per cent at Rs 44.70 on BSE.

In the last three sessions, it has gained 16.55 per cent. The scrip closed 6.5 per cent up at Rs 40.95 on Thursday.

State Bank of India Chairman Rajnish Kumar sai

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Buy Mphasis, price target Rs 980: Kunal Bothra
Kunal Bothra has a buy call on MphasiS Ltd. with a target price of Rs 980.0 . The current price of MphasiS Ltd. is Rs 907.45 . Kunal Bothra recommended to keep a stoploss at Rs 880 .

MphasiS Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 16919.18 Crore) operating in IT Software sector.

MphasiS Ltd. key

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Indian Bank Q3 profit jumps 62% to Rs 247 crore
State-owned Indian Bank on Friday reported 62.3 per cent jump in net profit at Rs 247.16 crore for December quarter 2019-20, mainly due to reduction in bad loans.

The bank's profit in the year-ago period stood at Rs 152.26 crore.

Total income during the quarter under review was Rs 6,505.62 crore, up from Rs 5,269.10 crore in the same period a year

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Adani Gas cracks 14% as report suggests PNGRB seeks to cancel its licence
NEW DELHI: Shares of Adani Gas cracked 14 per cent in Friday’s trade amid reports suggesting that PNGRB has sought to cancel the company’s licence over violation of CGD regulations.

Petroleum and Natural Gas Regulatory Board of India has sent a notice to Adani Gas for failing to disclose crucial information regarding a scheme of arrangement with

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Board Meetings Today: Bank of Baroda, Prestige Estates, JSW Steel, UltraTech and Aavas Financiers

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Tech View: Nifty50 forms a bullish candle; but weekly chart worrisome
NEW DELHI: Nifty50 on Friday took out its immediate resistance at 12,220 and formed a bullish candle on the daily chart, confirming an upside bounce in the market.

Analysts said the index has the potential to climb towards the 12,290-360 range, and even 12,400 level, in the coming days. But a Bearish Engulfing Candle on the weekly scale is

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Shares of Larsen - Toubro rose almost 3 per cent to ₹1,332.80 on Thursday after the company retained its FY20 guidance despite its December quarter results falling below analysts’ estimates. Most brokerages maintained their ‘buy’ rating on the engineering conglomerate citing cheaper valuations.

“L-T’s Q3FY20 results reflect our concern on n

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Coromandel International up 20% in a month on new product shift

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Sensex jumps 227 points as banks rally; defensive stocks in the red
NEW DELHI: Banking and financial stocks helped Sensex and Nifty extend their gains to a second-straight session on Friday. However, for the week, both indices fell close to 0.80 per cent, snapping their two-week winning run.

Global markets shrugged off fears over coronavirus outbreak after the World Health Organisation (WHO) designated it an

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After falling close to 30 per cent on bourses in the December 2019 quarter, InterGlobe Aviation is back on investors’ radar. The stock of the company, which operates IndiGo, India’s largest airline by market share, has gained close to 10 per cent in the year-to-date period.

One of the key triggers for the renewed interest is the possibility of the

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HDFC Life Q3 net flat at Rs 250 crore, new business margins rise
Mumbai: HDFC Life Insurance, India’s most valuable pure-play listed insurer, reported flat growth in net profit in the three months to December, reflecting the bottom-line impact of surging new business.

In the third quarter of the fiscal year to March, the insurer reported net profit of Rs 250 crore, compared with Rs 245 crore in the

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Eight stocks where FIIs, MFs and promoters all turned bullish in Q3
When the tide turned in the broader market during December quarter, at least eight stocks saw simultaneous buying by mutual funds, foreign institutional investors and promoters, leading to a spike in their respective shareholdings.

These stocks are down up to 32 per cent from their 52-week high price levels, but four have since risen up to 128 per

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ITI falls 3% as Rs 1,400 crore FPO kicks off
NEW DELHI: Shares of state-run ITI (Indian Telephone Industries) declined 3 per cent in Friday’s trade as its Rs 1,400 crore follow-on public offer (FPO) kicked off.

The company intends to sell its 18 crore shares, including one per cent quota for the employees, in the price bracket of Rs 72 to Rs 77 per share. At the upper limit of the price

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Buy Nestle India, price target Rs 16,200: Shubham Aggarwal
Shubham Aggarwal of Quantsapp Advisory has a buy call on Nestle India Ltd. with a target price of Rs 16200.0 . The current price of Nestle India Ltd. is Rs 15554.65 Time period given by the analyst is Intra Day when Nestle India Ltd. price can reach defined target. . Shubham Aggarwal recommended to keep a stoploss at Rs 15175 .

Nestle India Ltd.,

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Your ESOPs can be HNIs& investment opportunity
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If the Budget gives what the market wants, these stocks may skyrocketIf the Budget gives what the market wants, these stocks may skyrocketIf the Budget gives what the market wants, these stocks may skyrocket
If the Budget gives what the market wants, these stocks may skyrocket
If the Budget gives what the market wants, these stocks may skyrocketIf the Budget gives what the market wants, these stocks may skyrocketIf the Budget gives what the market wants, these stocks may skyrocket
If the Budget gives what the market wants, these stocks may skyrocket
NEW DELHI: A possible tweak in income-tax slabs, some easing of the long-term capital gains tax, relief from dividend distribution tax (DDT), an increase in the government’s capital expenditure and further impetus to the real estate sector – are some of the common expectations that analysts have from the Modi government’s first full-year Union Budg
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Polyplex a good buy on earnings, valuations
Mumbai: A strong earnings visibility, robust balance sheet, recent capacity expansion and inexpensive valuations make shares of Polyplex Corporation (PCL), the sixth-largest player in the global thin BOPET film market, attractive at the current market price.

PCL commissioned a BOPET line in Indonesia in November 2019, increasing its capacity by 16

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Stock market update: Pharma stocks edge higher; Aurobindo Pharma up 2%
NEW DELHI: Most of the pharma stocks were in the green in Friday's afternoon session.

Shares of Aurobindo Pharma (up 2.06 per cent), Piramal Enterprises (up 1.21 per cent), Glenmark Pharmaceuticals (up 1.13 per cent) and Cadila Healthcare (up 0.78 per cent) were the top gainers.

Divis Laboratories (up 0.67 per cent) and Lupin (up 0.64 per cent)

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Stock market update: Financial services bullish; IB Housing zooms 3%
NEW DELHI: Shares of financial services were trading with gains in Friday's morning session.

Shares of Indiabulls Housing Finance (up 3.25 per cent), Power Finance Corporation (up 3.23 per cent), ICICI Bank (up 1.31 per cent), ICICI Prudential Life Insurance (up 1.27 per cent) and Axis Bank (up 1.11 per cent) were the top gainers.

State Bank of

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'BUY' or 'SELL' ideas from experts for Friday, 24 January, 2020

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