BUSINESS
Q1FY19 preview: Elara Capital expects revenue to grow by 15% for capital goods
"The highest revenue growth is expected in Havells India at 30 percent, followed by Thermax (20 percent) and BEML (18 percent), Elara Capital said in report.
BUSINESS
Dilip Buildcon locked at 5% upper circuit after CIMB upgrades stock to add on strong order book
Post 46 percent correction in Dilip Buildcon share price, CIMB believes concerns over high proportion of hybrid-annuity model (HAM) projects are factored in.
BUSINESS
DCB Bank gains 3% ahead of Q1 results on July 14
The share touched its 52-week high Rs 206.50 and 52-week low Rs 154.85 on 09 January, 2018 and 08 March, 2018, respectively.
BUSINESS
Tata Group stocks rally 1-5% after NCLT rules in Tata Sons' favour in Cyrus Mistry case
The NCLT rejected proportional representation for Mistry Group on Tata Sons board. "We don't find merit in arguments related to mismanagement in Tata Group companies," it said.
BUSINESS
Kotak Mutual Fund says dip in balanced funds behind deceleration in MF inflows
Nilesh Shah of Kotak Mutual Fund expects some expects balanced advantage funds to start shifting money from debt to equity market soon
BUSINESS
V-Mart Retail hits 52-week high; Jefferies maintains hold
Research house raised topline & EBITDA estimates by over 2% and 4% on strong execution, better traction.
BUSINESS
BJP's alliance woes: JD(U) to fight elections on its own in 4 states
Apart from seat sharing, Nitish Kumar and his party members are also upset that the Centre has not yet given a positive response on special economic status for Bihar
BUSINESS
Cyrus Mistry vs Tata Sons case: NCLT rules in favour of Tata board
NCLT states that the board of directors was competent to dismiss the executive chairman. It also rejected the plea for proportional representation for the Mistry Group on Tata Sons' board.
BUSINESS
Kirloskar Pneumatic surges 8% as board to consider stock split
A meeting of the board of directors of the company is scheduled to be held on July 24, to consider the un-audited financial results for the quarter ended on June 30, 2018.
BUSINESS
Sterlite Technologies up 6% as Co to acquire 100% in European optical fiber cable manufacturer
The company through its wholly owned Italian subsidiary Sterlite Technologies S.p.A, will acquire 100 percent stake in Metallurgica Bresciana S.p.A.
BUSINESS
Godrej moves Bombay HC against land acquisition for bullet train project
In case Godrej does not agree to the acquisition, the authorities will have to either change the track alignment or forcibly acquire the land under the provisions of the Maharashtra Land Acquisition Act, 2013
BUSINESS
Power ministry to compensate discoms for mere 15% of AT&C losses
Discoms in 26 states would face a loss of approximately Rs 16,000 crore once the latest regulations are implemented.
BUSINESS
Insider trades for the week-ended July 6: M&M, ICICI Bank in focus
Sadbhav Infrastructure Project: Sadbhav Engineering bought 19,577 shares on July 3 and 4.
BUSINESS
GST Council to take final call on reverse charge; GoM for deferment of digital payment incentives
Reverse charge is a mechanism where the recipient of the good or service will have to pay GST, which is otherwise paid by the supplier
BUSINESS
Cadilla Healthcare gains 2% on USFDA approval for tablets to treat high levels of iron in body
The tablets will be manufactured at the exisitng facility in SEZ, Ahemdabad.
TECHNOLOGY
Samsung opens world's largest mobile manufacturing plant in Noida: All you need to know
The facility will be officially inaugurated by Prime Minister Narendra Modi and and South Korean President Moon Jae-in on July 9.
BUSINESS
Jaiprakash Associates gains 5% on order win worth Rs 2,850cr
The scope of work in the contracts includes construction of diversion tunnel, concrete face rockfill dam, surface and tunnel spillway, intake structure, head race tunnel and other allied structures of Pakal Dul hydroelectric project.
BUSINESS
Cyient up 1%, to acquire remaining 49% stake in Cyient Insights
The company's board meeting is scheduled to be held on July 12 for considering the unaudited financial results for the quarter ended 30 June 2018.
BUSINESS
Liberty House to complete Adhunik Metaliks acquisition in 2 months
Part of the $15 billion GFG Alliance, Liberty House has got the go-ahead from Adhunik Metaliks for the acquisition.
BUSINESS
Top buy & sell ideas by Mitessh Thakkar, Sudarshan Sukhani, Ashwani Gujral for short term
Ashwani Gujral of ashwanigujral.com recommends buying Berger Paints with a stop loss of Rs 292, and target of Rs 306, HPCL with a stop loss of Rs 264, target of Rs 278 and Sun TV with a stop loss of Rs 788, target of Rs 810.
BUSINESS
Closing Bell: Banks, metals, RIL, Infosys lift Sensex 277 pts, Nifty above 10,850
All sectoral indices closed in the green with Metal, Pharma and Bank gaining a percent each.
BUSINESS
Indian rupee gains 30 paise Vs dollar in early trade at 68.57
Utilise upsides in USD-INR to initiate short positions, says ICICIdirect.
BUSINESS
Stock market prediction for July 9-13: Satish Gupta
Auto stocks like HeroMoto, Mahindra & Mahindra, Maruti Suzuki, TVS Motor and Ashok Leyland will get astrological support, says Satish Gupta of astrostocktips.
BUSINESS
Markets@Moneycontrol: Nifty likely to open higher; top 3 stocks which could give 5-13% return
Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 66.5 points or 0.62 percent. Nifty futures were trading around 10,832.5-level on the Singaporean Exchange.
