Endurance Technologies: Enduring performance but at what price?
Endurance Technologies, an automotive component manufacturing company, got listed in 2016, following which the stock nearly tripled from its issue price. Endurance has 18 manufacturing facilities in India and eight in Europe, mainly in Italy and Germany. It has a diversified portfolio of products consisting of aluminium die castings, suspensions, transmissions and brake systems. It is one...
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  • Nifty, Sensex May Head Higher – Monday closing report

    The major indices of the Indian stock markets were range-bound on Monday and closed with losses over Friday’s close. On the NSE, there were 614 advances, 1,134 declines and 333 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:

     

     
    The key Indian equity indices closed in the red on Monday following weak global cues. The indices, however, recovered major losses in the last hour of trade. 
     
    The ITC on Monday opened its luxury hotel ITC Kohenur in IT hub Cyberabad. Built with an investment of around Rs775 crore, ITC Kohenur will offer 271 high technology enabled rooms, suites and service apartments, six signature restaurants, state-of-the-art meeting and convention spaces and Kaya Kalp Spa. 
     
    Automobile major Maruti Suzuki India on Sunday reported a rise of 36.3% in its overall sales including exports for June 2018 from a low base in June 2017. According to the company, overall sales during the month under review grew to 144,981 units from 106,394 units sold during June 2017. The overall sales include 135,662 units in the domestic market and 9,319 units which were exported. On a quarterly basis, the company sold a total of 490,479 units in the April-June quarter, "growing 24.3% over the same period previous fiscal". Maruti Suzuki India shares closed at Rs8,806.30, down 0.22% on the NSE.
     
    Coal India Ltd (CIL) on Sunday said its production during April-June period of the current fiscal grew by 15.2% over corresponding period last year and its off-take also increased by 11.7% during the first quarter of this year over same period last year. The miner, however, missed both production and off-take target for the first three months of this year by 9% and 10% respectively. According to provisional data, CIL produced 44.88 million tonnes of coal in June, achieving 85% of its target of 52.79 million tonnes for the month. Coal India shares closed at Rs260.40, down 1.49% on the NSE.
     
    Tata Motors on Sunday reported a 54% growth in its domestic sales for the month of June 2018. According to it, domestic sales during the month under review grew to 56,773 units from 36,836 units sold during the corresponding month of the previous year. On a quarterly basis, the company's domestic sales grew by 64% in the April-June 2018 period to 164,579 units from 100,141 units over the previous year "due to the continued strong month on month sales performance of its commercial and passenger vehicles business in the domestic market". Tata Motors shares closed at Rs257.80, down 0.54% on the NSE.
     
    State Bank of India's former Managing Director B Sriram on Saturday took charge as the MD and CEO of financially troubled IDBI Bank. Sriram was recently appointed as the chief of financially troubled IDBI Bank for a period of three months. According to the filing, SBI said that the central Government granted permission to Sriram for voluntary retirement on June 29 with immediate effect. IDBI Bank shares closed at Rs55.65, up 1.37% on the NSE.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
     
  • User

    Hathway Cable: A So-called ‘Data Play’
    After hearing investment gurus and looking at great long-term value creation by businesses, many retail investors are in search of ‘megatrends’, a hit-or-miss strategy, which we have analysed here. One such megatrend is ‘data-play’. It is being said that Indians are consuming massive amounts of data and companies that are in the broadband data business will reap huge benefits. Will...
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