BUSINESS
Closing Bell: Sensex ends over 200 points lower, Nifty gives up 10,950; Tata Steel down 7%
The Sensex was down 217.86 points or 0.60% at 36323.77, while the Nifty was down 82.00 points or 0.74% at 10936.90
TRENDS
Chaos strikes Rajasthan amid police constable examination
Major cities such as Jodhpur, Jaipur and Udaipur suffered internet cut up till 5 pm on Sunday
BUSINESS
ITC Q1 PAT seen up 13.9% YoY to Rs. 2,915.7 cr: ICICI Direct
Net Sales are expected to increase by 9.3 percent Y-o-Y (up 2.8 percent Q-o-Q) to Rs. 10,881.8 crore, according to ICICI Direct.
INDIA
Kiran Bedi associates Puducherrians with French World Cup victory, gets trolled on Twitter
The former Indian Police Services officer’s association with French win, even as Puducherry is part of India, wasn't missed by her followers on Twitter
BUSINESS
GSK Consumer Q1 PAT seen up 34.4% YoY to Rs. 177.7 cr: ICICI Direct
Net Sales are expected to increase by 8.5 percent Y-o-Y (down 9.4 percent Q-o-Q) to Rs. 1,068.7 crore, according to ICICI Direct.
BUSINESS
DCB Bank stock cracks 11% after weak operational performance, lower NIM in Q1
Operating profit increased 3.66 percent to Rs 141.41 crore in Q1 but the growth was lowest in the last eight quarters.
BUSINESS
Dabur India Q1 PAT seen up 35% YoY to Rs. 357.4 cr: ICICI Direct
Net Sales are expected to increase by 14.4 percent Y-o-Y (up 0.8 percent Q-o-Q) to Rs. 2,048.7 crore, according to ICICI Direct.
BUSINESS
WPI inflation at 4.5-year high, grows 5.77% in June
WPI witnessed a growth of 4.43 percent in May. The data for the month of April has been revised to 3.62 percent from 3.18 percent earlier
BUSINESS
Buy Indian Oil Corporation, target Rs 170: Mazhar Mohammad
Indian Oil Corporation appears to have formed a strong base around Rs 150 where it is attracting huge buying interest as pointed out by long lower shadows on weekly charts, says Mazhar Mohammad of Chartviewindia.in.
BUSINESS
Colgate Palmolive Q1 PAT seen up 36.9% YoY to Rs. 186.6 cr: ICICI Direct
Net Sales are expected to increase by 14 percent Y-o-Y (up 2.1 percent Q-o-Q) to Rs. 1,114.7 crore, according to ICICI Direct.
BUSINESS
Buy Britannia Industries, target Rs 6750: Mazhar Mohammad
Positional traders should go long in this counter for a target of Rs 6,750 with a stop loss of Rs 6,300, says Mazhar Mohammad of Chartviewindia.in.
BUSINESS
Sell United Spirits, target Rs 582: Sameet Chavan
Considering its weak structure, we extend the target to Rs.582 and hence, one can look to go short or revise stop loss for the existing trade at Rs.621, says Sameet Chavan of Angel Broking.
BUSINESS
Buy GAIL India, target Rs 378: Sameet Chavan
One can look to go long for a target of Rs.378 in coming weeks. The stop loss needs to be fixed at Rs.341, says Sameet Chavan of Angel Broking.
BUSINESS
Buy Havells India, target Rs 597: Sameet Chavan
We interpret this as a good buying opportunity for a near-term target of Rs. 597. Traders can keep their stop losses placed below Rs.549, says Sameet Chavan of Angel Broking.
BUSINESS
HUL Q1 PAT seen up 21.8% YoY to Rs. 1,570 cr: HDFC Securities
Net Sales are expected to increase by 15.4 percent Y-o-Y (up 7.7 percent Q-o-Q) to Rs. 9,700 crore, according to HDFC Securities.
BUSINESS
HUL touches life-time high ahead of Q1 numbers
Earnings before interest, tax, depreciation, and amortisation (EBITDA) is likely to increase 19.2 percent to Rs 2,224 crore.
BUSINESS
HUL Q1 PAT seen up 16.5% YoY to Rs. 1,494.6 cr: ICICI Direct
Net Sales are expected to increase by 12.9 percent Y-o-Y (up 5.8 percent Q-o-Q) to Rs. 9,626.7 crore, according to ICICI Direct.
BUSINESS
Lupin stock falls 3% despite approval from UK MHRA for Goa facility with no critical observations
The pharma major has received approval from UK MHRA (United Kingdom's Medicines and Healthcare products Regulatory Agency) for its Goa facility.
POLITICS
TDP seeks support for trust vote: Here’s all you need to know
The Chandrababu Naidu-led party had moved a no-confidence motion against the NDA government in March over non-fulfilment of promises made by the Centre towards Andhra Pradesh
BUSINESS
Sterlite Technologies Q1 PAT may dip 2.3% QoQ to Rs. 109.8 cr: ICICI Direct
Net Sales are expected to increase by 2.9 percent Q-o-Q (up 17 percent Y-o-Y) to Rs. 871.1 crore, according to ICICI Direct.
BUSINESS
Suven Life Sciences secures product patents in Europe, South Korea; stock down 1%
The company has secured 1 product patent from Europe and 1 product patent from South Korea corresponding to the new chemical entities for the treatment of disorders associated with Neurodegenerative diseases and patents are valid through 2033 and 2034.
BUSINESS
Sell UPL, target Rs 535: Dinesh Rohira
The secondary momentum trend continued to indicate a negative signal with RSI slipping below at 27 coupled with the bearish outlook from MACD trend, says Dinesh Rohira of 5nance.com.
BUSINESS
Buy Prabhat Dairy, target Rs 158: Dinesh Rohira
We have a buy recommendation for Prabhat Dairy which is currently trading at Rs. 149.40, says Dinesh Rohira of 5nance.com.
BUSINESS
Buy Adani Enterprises, target Rs 146: Dinesh Rohira
We have a buy recommendation for Adani Enterprises which is currently trading at Rs. 131.65, says Dinesh Rohira of 5nance.com.
