Jubilant FoodWorks Q3 Review

Brokerages are largely upbeat on Jubilant FoodWorks’ performance, adding that the same store sales growth being better than estimates. Macquarie and Credit Suisse have upgraded their target prices.

The stock rose over 2 percent in the morning trade. It touched an intraday high of Rs 1,239.05 and an intraday low of Rs 1,220.00.

The operator of Domino’s Pizza reported a 46 percent jump in its Q3FY19 net profit at Rs 96.5 crore on the back of better operating income and same-store-sales growth.

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Ajanta Pharma Plunged 5 Percent In The Early Trade On Thursday

Shares of Ajanta Pharma plunged 5 percent in the early trade on Thursday on the back of poor numbers declared by the company for the quarter ended December 2018.

The company's Q3 net profit fell to Rs 66.9 crore versus Rs 147.5 crore in the same quarter last fiscal.

L&T Hydrocarbon Engineering, a wholly owned subsidiary of Larsen a Toubro, has won two significant orders from Indian Oil Corporation.

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Benchmark Indices Are Trading Higher In The Pre-Opening Trade

Benchmark indices are trading higher in the pre-opening trade with Nifty above 10,650 level.

At 09:02 hrs IST, the Sensex is up 269.07 points or 0.76% at 35860.32, and the Nifty up 35.00 points or 0.33% at 10686.80.

Bajaj Auto gains 2%, ICICI Bank up 2% in the pre-opening session, while Reliance Industries down 7% and HDFC Bank down 7%.

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DHFL Shares Tank 8% Despite Management Clarification On Cobrapost Allegations

DHFL further clarified in a press release that it received an email at 8.44 am in the morning on Tuesday, with a follow-up reminder one hour later, seeking answers to 64 questions from Cobrapost, many of which were laced with political innuendos.

“We are shocked and surprised to receive this inquiry this morning, although Cobrapost had announced its press conference last Friday, i.e. 25 January 2019, to disclose an alleged financial scam.

DHFL has never delayed or defaulted on repayment to banks, and have repaid liabilities of Rs 18,000 crore including commercial papers of Rs 10,000 crore since September, the management clarified during the press conference.

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Benchmark Indices Gained In The Pre-Opening Session With Nifty Trading

Benchmark indices gained in the pre-opening session with Nifty trading above 10,700 level.

The Sensex is up 92.03 points at 35684.53, while Nifty is up 58.60 points at 10710.80.

Shares of DHFL is trading 10 percent higher post company clarified on the allegation against the company.

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US Stock Futures And Asian Equities Eked Out Modest Gains On Wednesday

US stock futures and Asian equities eked out modest gains on Wednesday as investors seized on Apple Inc's earnings and comments from its chief that US-China trade tensions were easing, sending the iPhone maker's shares soaring in after-hours trade.

Trends on SGX Nifty indicate a flat opening for the broader index in India. Nifty futures were trading around 10,693.50-level on the Singaporean Exchange.

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Adani Power Responding To BSE's Notice Has Clarified

Adani Power responding to BSE's notice has clarified that there is no pending information to be made and fluctuations in the share price seem market driven. A similar clarification was issued by Adani Ports as well.

On January 28, the Adani Group stocks had tanked that prompted the exchanges to ask for clarification.

Shares of Ceat slipped over 1 percent after reporting weak results for the quarter ended December 31, 2018. The tyre manufacturer's profit for the December quarter fell 36 percent YoY to Rs 52.24 crore.

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The Sensex Is Down 114.76 Points At 35541.94

Benchmark indices started the day on lower side with Nifty trading below 10,650 level.

The Sensex is down 114.76 points at 35541.94, while Nifty is down 41.00 points at 10620.50. About 241 shares have advanced, 397 shares declined, and 34 shares are unchanged.

Adani Port, HCL Tech, UltraTech Cement, are among major gainers on the indices, while losers are Bank of India, Yes Bank, Bajaj Finserv, M&M, Gail, Cipla, Dish TV, Zee Entertainment, Titan and Tata Power.

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Wall Street Down More Than 1 Percent For Most Of The Session

Stocks on Wall Street, down more than 1 percent for most of the session, recouped some losses at the close.

The Dow Jones Industrial Average fell 208.98 points, or 0.84 percent, to 24,528.22. The S&P 500 lost 20.91 points, or 0.78 percent, to 2,643.85 and the Nasdaq Composite dropped 79.18 points, or 1.11 percent, to 7,085.69.

Asian shares faltered on Tuesday and the dollar hovered near two-week lows as prospects for a Sino-US trade deal was dealt a blow after the United States charged Chinese telecom firm Huawei with bank fraud and for conspiring to steal trade secrets.

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Lupin Shares Declined 2 Percent In Morning On Monday

Lupin shares declined 2 percent in morning on Monday after the company's received six observations for Pithampur unit from the US health regulator.


Larsen & Toubro shares gained 4 percent in the morning Monday as brokerage houses remained bullish on the stock and expect the stock to return 19-50 percent after December quarter earnings.

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Benchmark Indices Started The Week On Lower Side

Benchmark indices started the week on lower side with Nifty trading around 10,750 level.

The Sensex is down 68.14 points at 35957.40, while Nifty is down 23.90 points at 10756.60.. About 315 shares have advanced, 331 shares declined, and 55 shares are unchanged.

Zee Entertainment Enterprises gained 12 percent, L&T up 2% and Wipro, Yes Bank, Tata Motors, Hindalco are other major gainers, while losers includes ICICI Bank, IndusInd Bank, Adani Ports, Infosys, Maruti Suzuki and Axis Bank.

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Asian Stocks Advanced On Monday As Wall Street Rallied

Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the US government following a prolonged shutdown that had shaken investor sentiment.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 20.50 points or 0.19 percent. Nifty futures were trading around 10,815-level on the Singaporean Exchange.

Oil prices fell on Monday after US energy firms added rigs for the first time this year in a sign that crude production there will rise further.

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Larsen & Toubro Is Expected To Report Double Digit Growth

Larsen & Toubro is expected to report double-digit growth in bottomline, topline as well as operating income in October-December 2018 quarter. The company will announce earnings on January 25.

Analysts expect revenue growth in the range of 12-16 percent year-on-year, largely driven by engineering & construction, IT and financial services segments.

Kotak and Edelweiss Securities, other brokerages considered for this poll estimates, expect the maximum 16 percent growth in consoldiated revenue.

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Benchmark Indices Started The Day On Positive Note

Benchmark indices started the day on positive note with Nifty is trading above 10,900 level.

The Sensex is up 201.85 points at 36396.95, while Nifty is up 59.60 points at 10909.40. About 445 shares have advanced, 240 shares declined, and 35 shares are unchanged.

Yes Bank gained 10 percent in early trade on appointment of Ravneet Gill as new MD & CEO. UPL, Bharti Infratel, Sun Pharma, Bhrati Airtel, RIL, Axis Bank, TCS are other mojor gainers, while ICICI Bank and HDFC Bank are trading lower.

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Shares Of Bharti Infratel Rose 2 Percent In Morning Trade

Shares of Bharti Infratel rose 2 percent in morning trade as investors reacted to Q3 performance.

The tower company posted an 11 percent rise in consolidated net profit at Rs 648 crore for the December quarter.Glenmark Pharmaceuticals Inc., USA has been granted tentative approval by the USFDA for Topiramate Extended-Release Capsules, 25 mg, 50 mg, 100 mg, 150 mg, and 200 mg, a generic version of QUDEXY1 XR Extended-Release Capsules, of Upsher-Smith Laboratories, LLC.

Shares Apollo Micro Systems rose 5 percent in the early trade on Thursday after company bagged an order worth Rs 12.99 crore from Bharat Dynamics a defence public sector undertaking.

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The Sensex Is Up 85.85 Points Or 0.24% At 36194.32

Benchmark indices are trading flat in the pre-opening session with Nifty trading below 10,835.

The Sensex is up 85.85 points or 0.24% at 36194.32, and the Nifty up 4.10 points or 0.04% at 10835.60.

Interglobe Aviation down 10% and Pidilite Industries down 3%, while Bharti Infratel gained 6 percent in pre-opening trade.

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Asian Shares Rose On Thursday After Wall Street Managed

Asian shares rose on Thursday after Wall Street managed to end higher, but gains were capped by political uncertainty in the United States and worries about weakening global economic growth.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 21.50 points or 0.20 percent. 

Nifty futures were trading around 10,862.50-level on the Singaporean Exchange.

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Maruti Suzuki To Shift To Rupee Royalty Pay From Yen By 2022

Maruti Suzuki, the country’s largest car maker, will shift entirely to a rupee-denominated royalty pay system by 2022, a top company official said.

This will help negate the vagaries in foreign exchange for the Indian entity as around 60 percent of its current royalty payment is made in yen.

Speaking to Moneycontrol, RC Bhargava, Chairman, Maruti Suzuki, said, “As new models get launched, the rupee denominated royalty payment to Suzuki will rise. By 2022, all models will get covered under this.”

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Equity Benchmarks Are Trading Mixed In The Pre-Opening

Equity benchmarks are trading mixed in the pre-opening. The Nifty is below 10,900.

The Sensex is up 23.88 points or 0.07% at 36468.52, and the Nifty up 2.10 points or 0.02% at 10924.90.

The market breadth is positive as 273 shares advanced, against a decline of 114 shares, while 36 shares were unchanged.

Yes Bank and Asian Paints were the top gainers, while Infosys, Hero MotoCorp, and Vedanta have lost the most.

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The Sensex Is Down 98.12 Points Or 0.27% At 36480.84

The Sensex is down 98.12 points or 0.27% at 36480.84, while the Nifty is lower by 35.90 points or 0.33% at 10926.00.

The market breadth was narrow as 209 shares advanced, against a decline of 178 shares, while 38 shares were unchanged.

It’s a negative start to the market on Tuesday morning, with the Sensex falling around 100 points. The Nifty is below 10,950-mark.

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Shares Of Ashok Leyland Touched 52-Week Low Of Rs 87.45

Shares of Ashok Leyland touched 52-week low of Rs 87.45, down 3.5 percent after brokerage house CLSA reiterated sell on the stock and also cut target to Rs 75 from Rs 85 per share.

CLSA sees high likelihood of a downturn after 4 years of up-cycle for truck market and expect competition to intensify in a downturn.

Sun Pharma continues to surge on the second day of the week and is the biggest gainer today.

Kotak Mahindra Bank, after an impressive Q3 result, is the second biggest gainer among Sensex stocks today. However, most of the stocks on the index are trading in the red.

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Asian Paints Is Likely To Post Double Digit Growth In Volume

Asian Paints is likely to post double-digit growth in volume as well as revenue, but weak operating margin may limit profitability despite price hikes and lower cost of raw material YoY.

Overall, brokerages expect the revenue to grow in the range of 12-17 percent year-on-year, driven by expected volume growth of around 12-13 percent for the quarter ended December 2018.

For the quarter, Edelweiss Securities said it expects Asian Paints to report around 12 percent YoY volume growth on a base of 6 percent and sales to grow 13 percent YoY.

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Asian Markets Were In Limbo Early On Monday

Asian markets were in limbo early on Monday ahead of data likely to show the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade.

Trends on SGX Nifty indicate a positive start for the broader index in India, a gain of 18 points or 0.16 percent. Nifty futures were trading around 10,953-level on the Singaporean Exchange.


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Benchmark Indices Started The Week On A Flat Note

Benchmark indices started the week on a flat note with Nifty holding above 10,900 level.

The Sensex is up 30.57 points at 36417.18, while Nifty is down 0.40 points at 10906.60. About 386 shares have advanced, 448 shares declined, and 56 shares are unchanged.

HDFC Bank, Sun Pharma, NTPC, Infosys, RIL are trading higher, while Wipro, L&T, IOC, BPCL, TCS, Jet Airways, South Indian Bank, DCB Bank, are among major losers.

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Larsen And Toubro Declined By Over 3 Percent In Morning

Shares of Larsen and Toubro declined by over 3 percent in morning trade as investors reacted to Sebi denying permission for its buyback issue.

The engineering major on January 19 said market regulator Sebi denied permission for its Rs 9,000 crore share buyback offer.

The company has received approval from the United States Food & Drug Administration for an ANDA for 100mg and 400mg tablets of Imatinib Mesylate, which is used to treat many kinds of cancers and tumors.

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Asian Stocks Gained Early On Friday

Asian stocks gained early on Friday, as hopes for a thaw in the US-China trade conflict fed investor appetites for risk assets.

US stocks advanced on Thursday as hopes of a resolution to the trade dispute between the United States and China boosted industrial shares and lifted investor sentiment.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 72.50 points or 0.66 percent.

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Benchmark Indices Started The Day On The Positive Note

Benchmark indices started the day on the positive note with Nifty holding above 10,900 mark.

The Sensex is up 64.75 points at 36438.83, while Nifty is up 14.70 points at 10919.90. About 429 shares have advanced, 312 shares declined, and 30 shares are unchanged.

RIL, HUL, Vedanta, Hero Motocorp, Grasim, Hindalco, ONGC are the gainers, while Sun Pharma is down 11% and Lupin, Au Small Finance, Jet Airways, Interglobe Aviation are the other major losers.

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Axis Bank Gained A Percent In Morning On Thursday

Axis Bank gained a percent in morning on Thursday after global brokerage house CLSA increased price target to Rs 800 from Rs 750 earlier, implying 20.5 percent potential upside from January 16's closing levels.

While maintaining a buy call on the stock, the research hosue said more management changes are likely at the top level as new CEO has been preparing a new team.

Share price of DCB Bank added a percent in the early trade on Thursday after research house Kotak Institutional Equities has maintained buy rating on the stock and raised target to Rs 210 from Rs 185 per share.

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Equity Benchmarks Have Started The Day On A Positive Note

Equity benchmarks have started the day on a positive note, with the Nifty is trading above 10,900 level.

The Sensex is up 137.17 points at 36458.46, while Nifty is up 36.40 points at 10926.70. About 472 shares have advanced, 170 shares declined, and 46 shares are unchanged.

All other sectoral indices are trading in the green, while Midcap index is up 0.35 percent.

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Asian Shares Took A Breather On Wednesday After Rallying The Previous Day

Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May's deal to pull out Britain from the European Union.

US stocks rose on Tuesday as technology and internet stocks gained on Netflix Inc's plans to raise fees for US subscribers and hopes of more stimulus for China's slowing economy fostered a risk-on mood among investors.

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Equity Benchmarks Have Started The Day On A Positive Note

Equity benchmarks have started the day on a positive note, with the Nifty reclaiming 10,900 in the first few minutes of trade.

The Sensex is up 72.82 points or 0.20% at 36391.15, and the Nifty up 22.90 points or 0.21% at 10909.70.

The market breadth is positive as 289 shares advanced, against a decline of 95 shares, while 30 shares were unchanged.

Except pharmaceuticals, all other sectoral indices are trading in the green. The Nifty Midcap index is up one-fifth of a percent.

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Equity Benchmarks Have Begun Higher On Tuesday

Equity benchmarks have begun higher on Tuesday morning, with the Nifty trading near 10,780.


The Sensex is up 145.79 points or 0.41% at 35999.35, while the Nifty is higher by 47.20 points or 0.44% at 10784.80.


The market breadth is positive as 265 shares advanced, against a decline of 70 shares, while 20 shares were unchanged.

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Trends On SGX Nifty Indicate A Positive Opening

US stocks declined on Monday as an unexpected drop in China's exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicked off.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 55 points or 0.51 percent. Nifty futures were trading around 10,824-level on the Singaporean Exchange.

Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains.

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Wall Street Dipped Slightly On Friday

Wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks.

Asian shares camped near 1-1/2 month highs on Monday as investors kept a wary eye on looming Chinese trade data on increasing signs a slowdown in the world’s second-biggest economy is dragging on global growth.

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Equity Benchmarks Have Begun The Day On A Lower Note

Equity benchmarks have begun the day on a lower note, with the Sensex shedding over 100 points. The Nifty is trading around 10,750.

Barring IT, all other sectoral indices are trading in the red, with pain visible among banks, automobile, consumption and infrastructure sectors.

The Sensex is down 139.52 points or 0.39% at 35870.32, and the Nifty down 44.20 points or 0.41% at 10750.80. The market breadth is negative as 303 shares advanced, against a decline of 475 shares, while 45 shares were unchanged.

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The Indian Rupee Opened Flat At 70.42 Per Dollar On Friday

The Indian rupee opened flat at 70.42 per dollar on Friday versus Thursday's close 70.41.

US oil prices edged down on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-US trade conflict, although OPEC-led production cuts bolstered sentiment in crude markets.

Wall Street extended its rally into a fifth straight day on Thursday in a session of whipsaw trading as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy's pummeled retail stocks.

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Benchmark Indices Are Trading Higher In The Pre-Opening Session

Benchmark indices are trading higher in the pre-opening session, with Nifty is around 10,850 level

The Sensex is up 125.95 points at 36232.45, while Nifty is up 39.70 points at 10861.30.

Shares of TCS gained 1.5 percent in the pre-opening trade after company reported a 2.6 percent sequential growth in December quarter profit at Rs 8,105 crore, with constant currency revenue growth of 1.8 percent QoQ meeting analyst expectations on Thursday.

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Bandhan Bank Reported A Growth Of 10 Percent

Bandhan Bank reported a growth of 10 percent for December quarter at Rs 331.3 crore against Rs 300 crore during the same period of last year.

The net interest income grew 54 percent at Rs 1,124 crore against Rs 732 crore last year.

Sonata Software North America, Inc. a wholly owned subsidiary of the company, has entered into a definitive agreement with each of other shareholders of Rezopia, Inc., to acquire remaining 40% stake in Rezopia, Inc., a California corporation.

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Benchmark Indices Have Opened Mixed In Pre-opening Trade

Benchmark indices have opened mixed in pre-opening trade.

The Sensex is up 52.92 points or 0.15% at 36265.83, and the Nifty down 68.90 points or 0.63% at 10786.30.

The Indian rupee opened flat at at 70.46 per dollar on Thursday against previous close 70.46.

 

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ICICI Bank Hits Life High After Morgan Stanley Hikes Target

Global brokerage house Morgan Stanley has maintained overweight call on ICICI Bank, the country's largest price sector lender and hiked price target to Rs 510 from Rs 460 earlier that implies 34 percent potential upside from Tuesday's closing levels.

"Asset quality continues to improve, and underlying earnings are accelerating," it reasoned.

Not only ICICI but across banking sector asset quality was the biggest concern which impacted their earnings. The bank has undergone massive positive change over the last 3-4 years.

Its CASA is now highest in the industry at 51 percent reflecting the strong liability franchise.

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Shares Of Jet Airways Fell Over A Percent In Morning

Jet Airways falls 1% Shares of Jet Airways fell over a percent in morning trade on Wednesday as investors reacted to multiple developments.

The Naresh Goyal-led airline flew 14.7 lakh passengers in November 2018, down by about 1.5 lakh passengers from January.

In January 2018, the airline had flown 16.2 lakh passengers, show statistics from the DGCA.

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Rupee, Which Depreciated More Than 9 Percent Against The USD

Rupee, which depreciated more than 9 percent against the USD in 2018, is likely to hover in the range of Rs 70-72 against the US Dollar, according to a poll conducted by Moneycontrol.

We spoke to 15 analysts, fund managers and money managers last week to assess the sentiment and get some idea of what to expect in 2019.

As many as 47 percent of the poll respondents feel that the currency is likely to hover in the range of Rs 70-72 against the USD, while 27 percent of them feel that the currency could depreciate towards Rs 72-74/USD in 2019.

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ICICI Prudential Life Insurance Company Shares Gained 1.8 Percent

ICICI Prudential Life Insurance Company shares gained 1.8 percent in morning on Tuesday after global brokerage house Morgan Stanley maintained overweight rating on the stock with a price target at Rs 425, implying a 33 percent potential upside.

The life insurance company reported premium growth of 3 percent for December.

The global brokerage house expects muted premium compounded annual growth rate of 6 percent over FY18-21, but a higher VNB CAGR of 20 percent.

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ITC Shares Gained 1.5 Percent Intraday On Monday

ITC shares gained 1.5 percent intraday on Monday after global investment firm Macquarie maintained outperform call on the stock with a price target at Rs 376, implying 34 percent potential upside.

Calamity cess of 1 percent limited to Kerala is significantly positive for the company because the street was expecting a Pan-India calamity cess at a higher rate, the research house said.

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The Reserve Bank Of India, Having Changed Management Last Month

The Reserve Bank of India, having changed management last month following a clash with the government, is likely to transfer an interim dividend of 300-400 billion rupees to the government by March, according to three sources with direct knowledge of the matter.

The dividend could help Prime Minister Narendra Modi's administration bridge a widening budget deficit following a drop in tax collections, and would come after the government pushed the RBI for the additional funds ahead of a national election due by May.

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