Excel Industries: Dark Horse?
Promoted by Ashwin Shroff and his associates, Excel Industries Ltd (Excel), is one of India’s first domestic chemicals manufacturing company, pioneers in indigenous chemicals technology and sustainable waste management.
 
With a legacy of nearly 70 years, Excel Industries is involved in chemicals, industrial agro-chemicals & pesticides intermediates and specialty chemicals. The...
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  • Nifty, Sensex struggling to rise – Thursday closing report
    We had mentioned in Wednesday’s closing report that Nifty, Sensex continued to look overbought. The major indices opened high and closed with minor gains. On the NSE, there were 1,068 advances, 719 declines and 359 unchanged. The trends of the major indices in the course of Thursday’s trading are given in the table below:
     
     
    India's benchmark equity index, Sensex, touched a record high of 42,000. This came after the US and China signed the first phase of the trade deal. Midcap index gained for the 8th straight day to post longest gaining streak in 18 months. Kotak Mahindra Bank & HDFC Bank helped Nifty Bank close in the green. Axis Bank topped Nifty Loser after SEBI Disposed the bank's plea in Karvy Case.
     
    Share prices of RIL & TCS close in the green while HCL Tech ended lower ahead of earnings. Eicher Motors topped Nifty gainers. Share price of Wockhardt gained over 5% after the Indian regulator approved two antibiotics.
     
    The Enforcement Directorate has summoned AirAsia's top management including its Malayasia-based CEO Tony Fernandes for questioning under the sections of Prevention of Money Laundering Act.
     
    Reliance Industrial Infrastructure reported a rise of 12.6% in its consolidated net profit for the third quarter of financial year 2019-20. However, the company's total income fell to Rs.24.42 crore from Rs.25.02 crore on a Y-o-Y basis.
     
    GMR Infrastructure may divest 49% (vs previously agreed 44.44%) in GMR Airports to TRIL Urban Transport Private in one or more tranches. 
     
    For the quarter ended December 2019, Plastiblends India reported 5.26% decline in revenues to Rs144.98 crore. Net profits jumped 101.41% to Rs11.40 crore. Aditya Birla Money reported 4.25% decline in revenues to Rs39.86 crore. Net profits rose 17.8% to Rs2.78 crore.
     
    For the quarter ended December 2019, Tinplate Company of India reported 15.23% decline in revenues to Rs538.79 crore. Net profits rose 198.91% to Rs46.45 crore.
     
    Shares of Nestle India gained over 3% amid expectations of improving financial performance. The company will announce its December quarter results on February 13, 2020.
     
    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:
     
     
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