Shares of Coffee Day Enterprises shed another 20 percent to hit 52-week low in the early trade on July 31 after Cafe Coffee Day founder VG Siddhartha body was found near the Netravathi river in Mangaluru.
Wednesday, 31 July 2019
JSPL Has Successfully Executed The First Ever Rail Order To Indian Railways
Shares of Coffee Day Enterprises shed another 20 percent to hit 52-week low in the early trade on July 31 after Cafe Coffee Day founder VG Siddhartha body was found near the Netravathi river in Mangaluru.
It Is A Weak Start For The Market On July 31 With Nifty Trading
The Sensex is down 208.10 points at 37,189.14, while Nifty is down 65.60 points at 11,019.80. About 227 shares have advanced, 614 shares declined, and 21 shares are unchanged.
Axis Bank, Tech Mahindra, Coffee Day Enterprises, JSW Steel, PNB Housing, Eicher Motors, IOC, Gammon Infra, Suzlon, are among major losers on the indices, while gainers are Gujarat Gas, Dish TV and UPL.
Wall Street Lost Ground On Tuesday After A Warning From President Donald Trump
Asian shares weakened in early trade on Wednesday, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries about a no-deal Brexit kept the pound under pressure.
Tuesday, 30 July 2019
Axis Bank May See 2-Fold Increase In Q1 Profit, Double Digit Growth In Loan Book
Most brokerages expect more than two-fold increase in its Q1FY20 profit on lower provisioning and stable operational income YoY. They also expect double-digit growth in NII and the loan book, compared to year-ago, with stable asset quality.
"Traction in advances is seen improving 15 percent YoY led by a focus on high yielding retail and MSME loans.
Shares Of Bharti Airtel Added Nearly 4 Percent On July 30 After Research House
Share price of Strides Pharma Science rose 10 percent on July 30 after company reported profit in the June quarter results and entered in to joint venture with a Chinese firm.
Shares of Coffee Day Enterprises shed 20 percent in the early trade on July 30 after Cafe Coffee Day founder VG Siddhartha was reported missing since the night of July 29.
The Sensex Is Up 136.02 Points Or 0.36% At 37822.39, And The Nifty Up 44.70 Points
Strides Pharma, Shalby, Zee Entertainment, Tata Motors, ICICI Bank, UPL, JSW Steel Bajaj Finserv, Bharti Airtel, Adani Ports, L&T and Eicher Motors, are some of the major gainers on the indices in the early trade, while losers are Dr Reddy's Lab, Indiabulls Housing, SPARC and Sanofi India.
Among sectors, except IT all other indices are trading marginally higher led by auto, metal, pharma, infra and FMCG.
Monday, 29 July 2019
Maruti Suzuki India Limited, The Leader In Passenger Vehicle Segment
Weaker demand outlook has led to significant decline in the stock price, making the valuations reasonable. We advise investors to accumulate this strong business during this soft patch.
In Q1 FY20, MSIL posted a significant volume decline of 17.9 percent on a year-on-year basis, primarily due to weak demand, especially from rural areas. The subdued sentiment is on the back of multiple challenges such as increase in total cost of ownership due to mandatory long-term insurance, implementation of safety regulations and non-availability of retail finance.
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