Kitex: Strange, New Facts about Employee Cost and Sales to an Unlisted Entity
Kitex Garments Ltd has been one of the most fascinating stories of the past few years’ massive run-up in small-cap stocks. The narrative about Kitex, until 2016, was one of hard work, perseverance, doggedness, ingenuity, camaraderie and the power of doing good, out of God’s Own Country—Kerala. The Kitex group is the largest private sector employer in Kerala and the 3rd largest infant-wear...
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Nifty, Sensex Struggling At Market Highs – Wednesday closing report

We had mentioned in Tuesday’s closing report that Nifty, Sensex were reversing the falling trend. The major indices of the Indian stock markets were volatile on Wednesday and closed with losses over Tuesday’s close. On the NSE, there were 490 advances, 1,246 declines and 329 unchanged. The trends of the major indices in the course of Wednesday’s trading are given in the table below:

 

 
After touching a fresh all-time high of 36,747.87 points, the benchmark BSE Sensex retreated and traded on a negative note during on Wednesday. Minutes into trade, the Sensex set a benchmark level but could not hold on to the gains. Selling pressure on metal and auto stocks weighed on the index, analysts said.
 
Bandhan Bank Ltd.’s net profit rose 47.5% year-on-year to Rs481 crore in the quarter ended June, it said in an exchange filing. Net interest income, or the core income of the bank, rose 40% to Rs1,037 crore. Asset quality remained stable with the gross non-performing assets ratio at 1.26% compared to 1.25% in the previous quarter. Net NPA ratio expanded to 0.64% from 0.58%. The bank's capital adequacy ratio improved to 32.61% from 26.16% year-on-year. Bandhan...

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Nifty, Sensex Reverse Falling Trend – Tuesday closing report

We had mentioned in Monday’s closing report that Nifty, Sensex were under pressure. The major indices of the Indian stock markets rallied on Tuesday and closed with gains over Monday’s close. On the NSE, there were 1,038 advances, 712 declines and 316 unchanged. The trends of the major indices in the course of Tuesday’s trading are given in the table below:

 

 
Slide in global crude oil prices along with expectations of fund infusion into public sector banks and value buying lifted the key domestic equity indices higher on Tuesday. However, broadly negative Asian and European indices capped gains. According to market observers, buying was witnessed in banking, oil and gas, automobile and consumer durables stocks.
 
Airline major Jet Airways has placed an additional order for 75 jets of Boeing "737 MAX 8" aircraft during the 2018 Farnborough International Airshow. In June, the Mumbai-based carrier took delivery of its first MAX, a "new and improved 737" that delivers a double-digit improvement in fuel efficiency and passenger comfort. Jet Airways shares closed at Rs314.00, up 2.66% on the NSE.
 
Indian defence PSU Bharat Electronics Ltd (BEL)...

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