The Nifty SME Emerge Index reflects the performance of a portfolio of eligible companies listed on the Emerge. The index represents about 62 per cent of the full market capitalisation of all SMEs listed on the Emerge.
The company had posted a net profit of Rs 26.55 crore in the same quarter last fiscal
The research firm believes that there could be a healthy upward trend in the operating income to sustain.
The auction will be conducted on NSE's e-bid platform from 1530 hrs to 1730 hrs after the close of market hours, the exchange said in a circular.
The reversal in the earnings cycle has just begun, and we believe that Q3FY18 will have a stellar quarter. We expect FY18 to clock in earnings growth of 15-20 percent, Sandeep Raina, Associate Director, Edelweiss Investment Research, said in an exclusive interview with Moneycontrol’s Kshitij Anand.
The company plans to launch more than 10 projects in the second half of this fiscal to keep the sales momentum going, its executive chairman Pirojsha Godrej said.
The auction will be conducted on NSE's ebid platform from 1530 hrs to 1730 hrs after market hours, the exchange said in a circular.
Investors who went long should hold on to their long positions with a stop below 10,367. The next crucial target for index stands at 10,600.
The Nifty index which opened at 10,440.50 rose marginally to 10,453 but then bears took control of D-Street and pulled the index towards its intraday low of 10,412.55.
The company’s revenue came in at Rs 7,252.8 crore against Rs 6,250.9 crore posted in the same quarter last year.
The performance showed a steady growth in its net profit at Rs 213.2 crore, up 20.2 percent against Rs 177.4 crore during the same period last year.
Tech Mahindra, Godrej Consumer and JSW Energy, among others, are on the radar of investors on Thursday.
"Significant increase in volume has been observed in The State Trading Corporation of India Ltd. The exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company," the company said in a NSE filing.
The rally was led by strong moves on banks, PSUs and private, along with metals, FMCG, and infrastructure stocks. The Nifty PSU bank index was up over 3 percent.
Sensex closes 53 points lower at 33,213.13, while the Nifty was down about 28 points at 10,335.3.
While forensic audit relies upon on NSE's traditional data, the information on payout will decide how much brokers benefitted from the preferential access.
Investors who went long on the index should maintain a strict stop loss below 10,237 for all long positions. A close below this level could lead to some bit of selling pressure.
Strengthening momentum on weekly charts is pointing towards further upsides may be in the critical zone of 10400-600 levels.
The operating profit was reported at Rs 3,761.5 crore, which is a rise of 3.6 percent against Rs 3,630 crore.
The revenue came in 13.7 percent lower at Rs 1.1 lakh crore against Rs 1.28 lakh crore quarter on quarter.
Khadim India's initial public offer (IPO) comprises fresh issue of equity shares aggregating up to Rs 50 crore besides, an offer for sale of up to 65,74,093 equity shares by the existing shareholders.
After a weak opening, shares of the company further lost 4.55 per cent to Rs 15.70 - 52-week low - on BSE. On NSE, the stock lost 4.86 per cent to hit a one-year low of Rs 15.65.
A look at top cues from domestic and international cues that could have a bearing on D-Street.
A poll of analysts by CNBC-TV18 pegs the net interest income at Rs 257.4 crore against Rs 228.8 crore, up 12.5 percent year on year.
S Krishna Kumar said that the bank recap step changed the framework with which PSU banks will be seen. He expects cement, infra stocks to get better as well.