Nifty, Sensex may be headed higher – Tuesday closing report
We had mentioned in Monday’s closing report that Nifty, Sensex were trading in a narrow range. On Tuesday, the major indices ended with decent gains.
 
On the NSE, there were 1,105 advances, 713 declines and 372 unchanged.
 
The trends of the major indices in the course of Tuesday’s trading are given in the table below:
 
 
Gayatri Projects was declared the lowest bidder for a project in Uttar Pradesh worth Rs 196 crore. 
 
Minda Industries raised over Rs 242 crore through rights issue to existing investors.
 
Future Retail incurred a net loss of Rs 561.95 crore against a profit of Rs 159.24 crore in the corresponding quarter a year ago. Revenue from operations stood at Rs 1,358.11 crore against Rs 5,197.11 crore YoY.
 
PVR’s consolidated loss after tax for the quarter was Rs 226 crore as compared to a profit of Rs 18 crore during the corresponding period of last year. Consolidated revenues were Rs 55 crore as compared to Rs 887 crore YoY.
 
JB Chemicals’ net profit was reported at Rs 119.5 crore up by 92.4% YoY. Consolidated net revenue stood at Rs 522.28 crore, which was up 17.07% YoY.
 
ICICI Bank received exemption from paring stake to 30 percent in its insurance subsidiaries for three years.
 
Mirza International reported a consolidated loss of Rs 23.62 crore against a profit of Rs 15 crore YoY. Consolidated income fell to Rs 83.25 crore against Rs 308.09 crore in the corresponding quarter a year ago. 
 
SAIL reported consolidated net loss at Rs 1,226.5 crore against profit of Rs 102.7 crore YoY. Consolidated revenue was down 38.8% YoY at Rs 9,067.5 crore against Rs 14,820.9 crore YoY.
 
Bannari Amman Spinning Mills reported net loss of Rs23.41 crore compared to profit of Rs5.95 crore YoY. Revenues declined 51% YoY to Rs137.26 crore.
 
Alankit reported 14% YoY decline in net profits to Rs2.76 crore. Revenues declined 16.77% YoY to Rs28.24 crore.
 
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 

    PPAP Automotive: Long-term or Short-term Value?
    PPAP Automotive Ltd (PPAP) has been making extrusion products for automotive parts since 1985. It is now a leading manufacturer of automotive sealing systems as well as interior and exterior automotive parts in India. Its core competence is in developing automotive body sealing systems as well as interior and exterior injection-moulded parts. It has a technical collaboration with Tokai...
    Premium Content
    Monthly Digital Access

    Subscribe

    Already A Subscriber?
    Login
    Yearly Digital Access

    Subscribe

    Moneylife Magazine Subscriber or MAS member?
    Login

    Yearly Subscriber Login

    Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
  • Nifty, Sensex continues to trade in a narrow range – Monday closing report
    We had mentioned in previous week’s closing report that Nifty, Sensex were trendless. On Monday, the major indices opened in the green but ended with minor losses. On the NSE, there were 1,276 advances, 543 declines and 388 unchanged.
     
    The trends of the major indices in the course of Monday’s trading are given in the table below:
     
     
    Indoco Remedies received approval from the US health regulator for blood-thinning drug apixaban.
     
    Tata Motors saw a further improvement in Jaguar Land Rover sales for July and August over Q1FY21. Jaguar Land Rover sold 36,421 vehicles in July and 28,887 in the seasonally low month of August.
     
    Adani Green Energy reported a standalone net profit of Rs 138 crore against Rs 5.52 crore in the year-ago period. Standalone total income stood at Rs 253 crore against Rs 192 crore YoY.
     
    AurionPro Solutions’ subsidiary Integro Technologies Pte Limited bagged an order from the largest bank in Singapore that has operations in Southeast Asia. The project is for the implementation of Smart Lender product version 4 by the bank to be executed across its subsidiaries and branches.
     
    Skipper reported a net loss at Rs 11.6 crore against a profit of Rs 7.9 crore YoY. Revenue went down 34.8% YoY at Rs 220.7 crore against Rs 338.5 crore.
     
    RITES proposed for a buy-back of its fully paid-up equity shares.
     
    Ashoka Buildcon bagged two EPC projects worth Rs 1,390 crore under Bharatmala-I.
     
    REPRO India reported a net loss of Rs17 crore for the quarter ended June 2020 compared to a profit of Rs6.93 crore YoY. Revenues declined 80% YoY to Rs20.57 crore.
     
    Mirza International reported a net loss of Rs23.23 crore for the quarter ended June 2020 compared to a profit of Rs9.53 crore YoY. Revenues declined 73% YoY to Rs83.24 crore.
     
    Srei Infrastructure Finance reported a consolidated profit after tax of Rs 23.01 crore during the quarter ended June 30, 2020. Total consolidated income stood at Rs 1,214.45 crore.
     
    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 

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 3 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)
    FREE: Your Complete Family Record Book
    Keep all the Personal and Financial Details of You & Your Family. In One Place So That`s Its Easy for Anyone to Find Anytime
    We promise not to share your email id with anyone