| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 84,363.37 | 411.18 | +0.49% |
| Nifty 50 | 25,843.15 | 133.30 | +0.52% |
| Nifty Bank | 58,033.20 | 319.85 | +0.55% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Cipla | 1,639.10 | 61.50 | +3.90% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| ICICI Bank | 1,390.30 | -46.30 | -3.22% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty PSU Bank | 7857.85 | 219.10 | +2.87% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Auto | 27185.50 | -43.10 | -0.16% |
After a brief pause, the bulls were back in the business, as the equity benchmark indices ended the day on a positive note largely led by firm global cues. After a flat opening, the Nifty index remained volatile in the first half and thereafter it gained strength and reclaimed its 12,000 mark before ending the day at 11,966, up 0.4 percent.
Amongst the broader markets, BSE Midcap ended with gains of 0.2 percent while BSE Smallcap closed lower by 0.4 percent. Mixed trend was witnessed amongst sectoral indices; wherein Banks, Metals and Realty were the top gainers while Consumer Durables, Telecom and Consumer Discretionary were the top losers.
We continue to maintain our cautious stance on the Indian markets in the absence of any positive domestic as well as global triggers. With indices trading at record highs, some profit taking cannot be ruled out in the near term. Market participants would keep a close watch on the on-going corporate earnings, global developments and movement in crude and currency, as it would induce some volatility in the markets.
Consolidated net profit went up 16.4 percent at Rs 96 crore against Rs 82.4 crore YoY. Consolidated revenue was up 5.1 percent at Rs 660.1 crore against Rs 628.2 crore YoY.
Consolidated EBITDA grew 3 percent at Rs 193 crore against Rs 187.3 crore YoY while consolidated EBITDA margin stood at 29.2 percent against 29.8 percent YoY.
Net loss at Rs 23.9 crore against loss of Rs 27.2 crore YoY. Revenue of the company went down 1.6 percent at Rs 314 crore against Rs 319 crore YoY.
Consolidated net profit went down 49 percent at Rs 42.2 crore against Rs 82.7 crore YoY. Consolidated revenue grew 8.6 percent at Rs 4,686 crore against Rs 4,315 crore YoY.
Sensex ended with gains of 221.55 points at 40469.78 while Nifty closed 43.80 points higher at 11961.00. About 1197 shares have advanced, 1282 shares declined, and 193 shares are unchanged.
ICICI Bank, Infosys and HDFC were the top gainers while YES Bank, Bajaj Finance and Titan Company were the most active stocks.
Net profit went up 26 percent at Rs 129.8 crore against Rs 103 crore YoY. Gross NPA stood at 15.43 percent against 15.44 percent QoQ while net NPA stood at 5.59 percent against 5.69 percent QoQ.
Provisions of the bank stood at Rs 789.5 crore against Rs 729.5 crore QoQ) against Rs 808.3 crore YoY.
Lupin has reported consolidated net loss at Rs 127.1 crore in the quarter ended September 2019 against profit of Rs 266 crore in the same quarter last fiscal. The profit included one-time loss at Rs 546.5 crore, however profit before one-time loss at Rs 457.3 crore.
The company had reported profit of Rs 303 crore in the quarter ended June 2019. Other income was down at Rs 133.3 crore versus Rs 230.7 crore. Consolidated revenue of the company increased by 10.3 percent at Rs 4,359.7 crore versus Rs 3,951 crore.
Earnings before, interest, tax, depreciation and amortisation (EBITDA) jumped 33 percent at Rs 731.2 crore against Rs 549.7 crore, while EBITDA margin was up 290 bps at 16.8 percent against 13.9 percent, YoY.
Consolidated net loss at Rs 32.5 crore against profit of Rs 29.8 crore YoY. Consolidated revenue went down 31.5 percent at Rs 1,096 crore against Rs 1,600 crore YoY.
Consolidated EBITDA was down 69.5 percent at Rs 23.8 crore against Rs 78.1 crore YoY while consolidated EBITDA margin stood at 2.2 percent against 4.9 percent YoY.
Consolidated net profit went up 25 percent at Rs 471.3 crore against Rs 377 crore YoY. Consolidated revenue grew 9.6 percent at Rs 4,396 crore against Rs 4,012 crore YoY.
Consolidated EBITDA was up 29.5 percent at Rs 909.5 crore against Rs 702.2 crore YoY while consolidated EBITDA margin stood at 20.7 percent against 17.5 percent YoY.
Shares of Snowman Logistics touched 52-week high of Rs 43.20, rising 13 percent intraday on November 6 after report of promoter likely to sell the company. Gateway Distriparks promoter of the company is looks to sell loss-making Snowman Logistics, reported CNBC-TV18.
Gateway Distriparks owns 40.25% stake in the company and will use the proceeds to reduce debt.
