Is Bharat Electronics a Value Buy?
The stock of Bharat Electronics Limited (BEL), a defence public sector undertaking (DPSU), returned 4.60x (excluding dividends) to investors from March 2014 to December 2017. Since then, it has fallen by about 41%. Is it worth looking at it from a long-term perspective? BEL, established in 1954 under the ministry of defence to cater to the electronic equipment requirements of the defence...
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  • Nifty, Sensex To Head Higher – Thursday closing report
    We had mentioned in Wednesday’s closing report that Nifty, Sensex may try to rally. The major indices of the Indian stock markets rallied on Thursday and closed with gains over Wednesday’s close. On the NSE, there were 1,118 advances, 665 declines and 310 unchanged. The trends of the major indices in the course of Thursday’s trading are given in the table below:
     
     
    The key Indian equity market indices opened lower on Thursday even after the US Federal Reserve left interest rates unchanged. However, the markets soon rallied throughout the entire trade session and closed with gains. On Thursday, Asian indices were showing a positive trend. Japan’s Nikkei 225 was quoting in green, up by 0.61%, Hang Seng was up by 1.23%. China’s Shanghai Composite was shot up by 2.38%.
     
    Software and business re-engineering services firm Tech Mahindra on Thursday announced signing of a multi-year contract with Airbus for cabin and cargo design engineering. "This will strengthen our aerospace engineering portfolio, especially in areas like cabin engineering and customer services," Natarajan said. Tech Mahindra said it is aiming to grow its cabin engineering business over the next few years.
     
    Yes Bank shares fell into double digits extending the bear run after credit agency Moody's put the company under review for a downgrade. The shares later recovered sharply and outperformed the broad market.
     
    Shares of United Phosphorus Limited (UPL) fell 12.31% intraday after HSBC Research raised concerns on declining soyabean demand, pricing pressure from the US-China trade tensions and the African swine fever (ASF). 
     
    Jet Airways shares shot up 150% intraday ahead of order from National Company Law Tribunal on insolvency plea filed by State Bank of India. “Market is expecting a positive outcome at the NCLT hearing. As a result, short covering and fall in open interest mainly supported the stock on Thursday,” said Chandan Taparia, derivative and technical analyst at Motilal Oswal Securities.
     
    Adani Renewable Energy Park (Gujarat) has bagged a 130-megawatt (MW) wind power project in an auction by state-owned Solar Energy Corporation of India (SECI). The company has received a letter of award from SECI for the project, it said. The fixed power purchase agreement tariff is Rs 2.83 per kilowatt hour for 25 years. The project is expected to be commissioned by the fourth quarter of 2020-21.
     
    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

    COMMENTS

    NARESH GAJRIA

    3 months ago

    Markets are going to take a toll, based on International tensions. What gave Money life a Positive feeling of markets going positive? I thought you guys were better in giving genuine advices!

    Nifty, Sensex May Try to Rally – Wednesday closing report
    We had mentioned in Tuesday’s closing report that Nifty, Sensex may rise if global markets are strong. The major indices of Indian equity markets were range bound on Wednesday and ended with minor gains even though global markets were strongly up. On the NSE, there were 486 advances, 1,292 declines and 320 unchanged. 
     
     
    The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade. Overseas, Asian stocks were trading higher on Wednesday on growing investor confidence that the Fed will cut interest rates this year.
     
    Shares of Tata Steel jumped 4% in the Wednesday's session and broke their losing streak of the last four consecutive sessions. Indiabulls Group stocks came under heavy pressure. Shares of Indiabulls Ventures and Indiabulls Real Estate plunged up to 20%.
     
    State-owned engineering firm BHEL announced on June 19 that it has commissioned Unit-1 of 84 MW at Chhukha hydro electric project in Bhutan. It has achieved yet another milestone in Bhutan with the successful commissioning of Unit-1 of the 4x84 MW Chhukha hydro electric project (HEP), following complete renovation and modernisation (R&M) of the generator, BHEL said in a statement.
     
    Engineering and construction giant Larsen & Toubro (L&T) has won a contract for water supply project in Sri Lanka. As per the company's project classification, the award value falls in the range of Rs1,000 crore to Rs2,500 crore. 
     
    The Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs 1 crore on private sector lender HDFC Bank for non-compliance of Know Your Customer (KYC) norms and anti-money laundering norms, and for failure to report frauds. The central bank, however, said that the action was based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
     
    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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