Nifty, Sensex may continue to trend up – Wednesday closing report
We had mentioned in Tuesday’s closing report that Nifty, Sensex were showing no sign of fatigue. On Wednesday, the major indices were volatile but managed to close with some gains.
 
On the NSE, there were 1,001 advances, 820 declines and 401 unchanged.
 
The trends of the major indices in the course of Wednesday’s trading are given in the table below:
 
 
Bata India reported loss of Rs 44.3 crore in Q2FY21 (July-Sep 2020 quarter) against profit at Rs 71.3 crore in the previous year. Revenue plunged to Rs 367.9 crore from Rs 722 crore YoY.
 
KPIT Tech bagged large deal from the BMW Group. The series order is spread over several years. Bharat Forge reported consolidated net loss of Rs 13.2 crore in Q2FY21 against profit of Rs 205.4 crore YoY. Consolidated revenue fell 36.2% at Rs 1,376 crore against Rs 2,155.2 crore YoY.
 
GPT Infra bagged an order valued at Rs 245 crore from North Central Railway, Jhansi, Uttar Pradesh for construction of bridge on Yamuna River for single line over substructure for double line, including earthwork & protection works in connection with Khairar- Bhimsen doubling.
 
Godrej Industries Q2 net profit fell 44.8% YoY at Rs 205.3 crore against Rs 372.2 crore YoY. Revenue was down 9.2% at Rs 2,386.3 crore against Rs 2,628.7 crore.
 
Coal India net profit for Q2FY21 fell 16% to Rs2,948 crore compared to Rs3,522 crore YoY. Revenue rose slightly by 1% to Rs22,237 crore from Rs22,012.94 crore.
 
Indraprastha Gas net profit fell 8% to Rs380 crore compared to Rs415 crore YoY. Revenue declined by 23% to Rs1,471 crore from Rs1,911 crore YoY.
 
20 Microns net profit rose 19% to Rs8.45 crore from Rs7.09 crore in the previous year. Revenue declined 5% YoY to Rs129.35 crore.
 
Garden Reach Shipbuilders & Engineers reported 36% YoY decline in net profit to Rs37.69 crore for Q2FY21. Revenue declined 37% YoY to Rs319.79 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 

    Nifty, Sensex showing no sign of fatigue – Tuesday closing report
    We had mentioned in Monday’s closing report that Nifty, Sensex continue to trend higher. On Tuesday, the major indices continued its rally and posted major gains. On the NSE, there were 857 advances, 1,016 declines and 348 unchanged.
     
    The trends of the major indices in the course of Tuesday’s trading are given in the table below:
     
     
    Pfizer said its vaccine shots maybe 90% effective at preventing COVID-19, indicating the company is on track later this month to file an emergency use application with US regulators.
     
    Inox Leisure's qualified institutional placement (QIP) is opened for subscription. The floor price for the QIP is Rs 263.10 per equity share.
     
    Motherson Sumi Systems net profit for the July-September 2020 quarter (Q2FY21) declined 12.2% YoY (year-on-year) at Rs 337.6 crore against Rs 384.6 crore. Revenue fell 2% YoY at Rs 14,957.2 crore against Rs 15,259.7 crore in the year ago period.
     
    Mahindra & Mahindra Q2FY21 net profit slumped 88% at Rs 162 crore against Rs 1,354.8 crore YoY. Revenue rose 6% at Rs 11,590 crore against Rs 10,935 crore YoY.
     
    Hindalco Industries standalone net profit was Rs 198 crore against Rs 78 crore YoY. Standalone revenue was down 4.5% at Rs 9,518 crore against Rs 9,965 crore YoY.
     
    Exide Industries net profit fell 3.6% at Rs 228.2 crore against Rs 237.3 crore YoY. Revenue was up 5.5% at Rs 2,753.4 crore against Rs 2,610.9 crore YoY. 
     
    GAIL India reported a net profit of Rs 1,068.16 crore for Q2FY21, down 8.5% YoY from Rs 1,167.58 crore. Revenues dropped by 24.3% to Rs 13,809.86 crore, from 18,249.90 YoY.
     
    NCC reported 21% YoY fall in net profits to Rs64.60 crore from Rs82.18 crore in the year ago period. Revenue declined 13% YoY to Rs1,743 crore from Rs1,998 crore.
     
    Minda Industries reported 63% YoY rise in net profit for Q2FY21 at Rs80.83 crore compared to Rs49.44 crore in the year ago period. Revenue rose 8.27% YoY to Rs1,477 crore.
     
    Sunflag Iron & Steel Company reported 40% YoY rise in net profit at Rs29.34 crore compared to Rs20.88 crore in the previous year. Revenues grew 9.09% YoY to Rs492.90 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 

    A Season, if Not a Reason To Buy Stocks
    Markets have reached a stage where nothing seems to deter a buying idea. Neither a dubious past nor a dubious promoter seems to matter. The momentum in the small- and mid-cap space is so great that a mere mention of a stock’s name in the social media is enough to set fire to its price. Everyone is a hero. And some serious investors too do not mind going along, as there is a big fear of...
    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
  • 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 4 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