BUSINESS
'Current environment not conducive for investors, raise exposure to pharma cos'
Ajay Srivastava of Dimensions Corporate Financial Services said one should keep investing in bigger pharma companies as they will offer better returns going forward
BUSINESS
Kewal Kiran Q1 PAT seen up 27.8% YoY to Rs. 10.5 cr: ICICI Direct
Net Sales are expected to increase by 9.6 percent Y-o-Y (down 28.4 percent Q-o-Q) to Rs. 85.9 crore, according to ICICI Direct.
BUSINESS
Arvind Q1 PAT seen up 61.6% YoY to Rs. 91.7 cr: ICICI Direct
Net Sales are expected to increase by 18.3 percent Y-o-Y (down 2.1 percent Q-o-Q) to Rs. 2,927.5 crore, according to ICICI Direct.
BUSINESS
Sell Larsen & Toubro, target Rs 1240: Jayant Manglik
We recommend using any intraday bounce to create fresh shorts in the range of Rs 1,288-1,294 for target of Rs 1240, says Jayant Manglik of Religare Broking.
BUSINESS
Accumulate Havells India, target Rs 590: Jayant Manglik
We feel traders shouldn’t miss this chance and accumulate fresh long in the range of Rs 555-560 for target of Rs 590, says Jayant Manglik of Religare Broking.
INDIA
Maharashtra government to cancel ration cards not used regularly in past 3 months
The drive will help in excluding 8-10 percent of the current 1.56 crore cards issued in the state and make way for new additions
BUSINESS
Sell Hindalco Industries, target Rs 195: Jayant Manglik
Traders are advised to create fresh short positions in the range of Rs 215-218. It closed at Rs 212.40 on July 16, 2018. Sell July futures for target of Rs 195, says Jayant Manglik of Religare Broking.
BUSINESS
L&T Mutual Fund introduces exit load on triple ace bond fund
The fund house will levy an exit load of 0.5 percent if investments are exiting or switching out within two years of the allotment date
BUSINESS
PNB stock gains nearly 3% after FY19 action plan, target net profit of over Rs 5,500 cr in Q2FY19
Punjab National Bank sees June quarter operating profit at Rs 3,595 crore and FY19 at Rs 21,630 crore.
INDIA
What goes around…comes around: Mumbai’s reaction as the sea spews garbage on Marine Drive
Just from the promenade of Marine Drive, about 30 BMC workers took over two-and-half hours to clean tonnes of garbage
BUSINESS
Vedanta blames NGOs for Sterlite Copper plant closure
The Tamil Nadu government had in late May ordered permanent closure of the copper smelter after 13 people protesting to demand its shutdown were killed
BUSINESS
Raymond, Arvind, Century Textiles, Dollar Industries to get astrological support: Satish Gupta
Raymond, Arvind, Century Textiles & Industries, Dollar Industries and Page Industries will get astrological support, says Satish Gupta of astrostocktips.
BUSINESS
Uber introduces real-time background checks on US drivers
If a driver is charged for an offence, the information is forwarded to Uber, which then decides what step to take next
BUSINESS
SBI asks 70,000 employees to return money paid for overtime during demonetisation: Report
SBI has said the associate banks had not merged with them during demonetisation and hence the responsibility of paying compensation lies with the five banks and not the SBI
TRENDS
Congress member withdraws complaint against 'Sacred Games' after Rahul Gandhi's tweet
Rahul Gandhi had tweeted that “the views of a character on a fictional web series” cannot change the contributions and sacrifices that his father made for the country
BUSINESS
Sintex Plastics Technology hits 52-week low on poor Q1 numbers
Revenue from operations drops 12.2 percent to Rs 1,325 crore versus Rs 1,509 crore, YoY, but increases 2.5 percent from Rs 1,292.56 crore (QoQ).
BUSINESS
PSBs, including PNB, may get capital infusion of Rs 8,000 crore
The government wants to prevent any default on interest payments by public sector banks, because it will result in credit rating downgrade
BUSINESS
BEML rises 2% on MoU with L&T to explore exports for defence products
BEML and Larsen & Toubro signed a Memorandum of Understanding (MoU) to jointly capitalise on the emerging opportunities in the domestic and export markets for defence products and systems.
BUSINESS
Changes in truck axle norms likely to weigh on Ashok Leyland, Tata Motors: Brokerages
Most brokerage firms expect the move to impact demand for newer vehicles and remain an overhang on Ashok Leyland and Tata Motors in the short term till clarity emerges
BUSINESS
Ashok Leyland gains over 2% ahead of June quarter results
The stock touched an intraday high of Rs 128.45 and an intraday low of Rs 125.00.
TRENDS
WhatsApp to roll out 'Mark as Read' feature in notifications - all you need to know
The new feature will now show the recipients blue tick even if the user marks it as read from the notification panel.
BUSINESS
Glenmark Pharma gains 1% on USFDA nod; acquires 100% in Zorg
Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration (USFDA) for Colesevelam Hydrochloride for Oral Suspension, 1.875 grams/Packet and 3.75 grams/Packet.
BUSINESS
Zee Ent. Q1 PAT seen up 38.9% YoY to Rs. 349.4 cr: ICICI Direct
Net Sales are expected to increase by 15.6 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 1,780.1 crore, according to ICICI Direct.
BUSINESS
These 3 Nifty plays could return 8-13% in 1-2 months
“If the Nifty holds 10,929 levels, it can bounce towards 11,000-11,020 levels.For the uptrend to continue, 11,080 needs to be taken out decisively,” says Ashish Chaturmohta of Sanctum Wealth Management
