BUSINESS
UPL stock dips 2% after Investec cuts target price by 25%
Investec cut price target to Rs 785 from Rs 1,050 earlier due to depreciating Brazilian Real and on news around Arysta acquisition.
BUSINESS
Flying in peak hours may burn a bigger hole in your pocket
In the ongoing arrangement, the landing fees paid by airlines are determined by the weight of an aircraft and not according to the time of its operation
BUSINESS
VST Industries Q1 PAT seen up 35% YoY to Rs. 53.7 cr: ICICI Direct
Net Sales are expected to increase by 28.1 percent Y-o-Y (down 4 percent Q-o-Q) to Rs. 267.9 crore, according to ICICI Direct.
BUSINESS
Aurobindo falls 4% despite acquisition of European firm Apotex, Credit Suisse sees 16% upside
While maintaining Overweight rating on the stock with a target price at Rs 700 per share, global brokerage house Credit Suisse said the acquisition should be EPS accretive by end of the first year.
POLITICS
Opposition to meet to pick RS Dy Chairperson candidate, strategy for monsoon session
Congress and other opposition parties are expected to meet on Monday and finalise a possible consensus candidate for Rajya Sabha Deputy Chairperson election and chalk out a strategy for the monsoon session
BUSINESS
Varun Beverages Q1 PAT seen up 14.5% YoY to Rs. 281.2 cr: ICICI Direct
Net Sales are expected to increase by 25.7 percent Y-o-Y (up 82.9 percent Q-o-Q) to Rs. 2,052.8 crore, according to ICICI Direct.
BUSINESS
Prabhat Dairy Q1 PAT seen up 111.8% YoY to Rs. 12.4 cr: ICICI Direct
Net Sales are expected to increase by 13.6 percent Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 408.4 crore, according to ICICI Direct.
BUSINESS
As Bhushan Power & Steel lenders meet, operations creditors approach NCLT
The National Company Law Appellate Tribunal had last week asked the lenders to go ahead with the resolution process and select one of the bids
BUSINESS
Nestle India Q1 PAT seen up 53.1% YoY to Rs. 403.3 cr: ICICI Direct
Net Sales are expected to increase by 18.4 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 2,844.3 crore, according to ICICI Direct.
BUSINESS
Marico Q1 PAT may dip 1.3% YoY to Rs. 232.9 cr: ICICI Direct
Net Sales are expected to increase by 10.3 percent Y-o-Y (up 25.3 percent Q-o-Q) to Rs. 1,855.2 crore, according to ICICI Direct.
BUSINESS
Jyothy Laboratories Q1 PAT seen up 141.6% YoY to Rs. 49.8 cr: ICICI Direct
Net Sales are expected to increase by 26.3 percent Y-o-Y (down 10.9 percent Q-o-Q) to Rs. 450.4 crore, according to ICICI Direct.
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.
