Nifty, Sensex struggling, in the absence of triggers – Weekly closing report
We had mentioned in last week’s closing report that Nifty, Sensex were rising on strong institutional buying. The major indices rallied this week but faced a correction ending with minor gains over previous Friday’s close.
 
The trends of the major indices in the course of the week’s trading was:
 
 
On Monday, the major indices opened lower and ended with minor losses. On the NSE, there were 684 advances, 1,140 declines and 348 unchanged. Indian equity indices opened in the red with Sensex falling over 200 points and Nifty also trading in the negative.
 
Motherson Sumi Systems reported a 38.67% year-on-year decline in consolidated net profits to Rs.340.32 crore for the quarter ended December 2019. Total income fell 4.8% to Rs.15,739.38 crore.
 
Auto industry body SIAM reported that domestic passenger vehicle sales had slipped by 6.2% from 280,091 units in January 2019 to 262,714 units last month.
 
Balrampur Chini Mills reported a 40% YoY fall in net profits to Rs72.50 crore for the quarter ended December 2019. Total income rose 25% to Rs.1,202.60 crore.
 
JMC Projects India reported 2.55% YoY increase in net profits to Rs20.91 crore for the quarter ended December 2019. Total income rose 3.46% to Rs.971.96 crore.
 
Dilip Buildcon reported 50.75% YoY fall in net profits to Rs88.07 crore for the quarter ended December 2019. Total income dropped 1% to Rs.2,574.32 crore.
 
On Tuesday, the major indices opened high on global cues and ended with minor gains. On the NSE, there were 793 advances, 972 declines and 386 unchanged. 
 
Union Bank of India’s standalone net profit stood at Rs574.58 crore for the quarter ended December 31, higher than the Rs153.21 crore reported in the same period last year. Net interest income for the Q3 FY20 increased by 25.7% to Rs3,134 crore as compared to Rs2,493 crore in Q3 FY19.
 
Infosys will acquire Simplus, an advisor in cloud consulting, implementation, data integration, change management and training services for Salesforce Quote-to-Cash applications.
 
GAIL clocked net profit of Rs1,251 crore for the December 2019 quarter. The company has issued a swap tender offering two cargoes of liquefied natural gas (LNG) for loading in the United States and seeking one for delivery to India.
 
Avenue Supermarts raised Rs.4,098 crore after it issued and allotted 2 crore shares at an issue price of Rs2,049, under a qualified institutional placement, to several investors which included Lone Cypress and the Singapore Government.
 
On Wednesday, the major indices continued to rally for the second consecutive day. On the NSE, there were 726 advances, 1,069 declines and 358 unchanged.
 
Allahabad Bank reported a wider net loss for the quarter ended December 31, 2019, due to higher provisioning for non-performing assets (NPAs). Net loss widened to Rs.1,986.27 crore from Rs.732.81 crore in the same period last year.
 
Amines & Plasticizers reported a 15% year-on-year decline in revenues to Rs95.07 crore for the quarter ended December 2019. Net profits jumped 66% to Rs5.79 crore.
 
Cochin Shipyard reported a 24% year-on-year rise in revenues to Rs950.34 crore. Net profits rose 32% to Rs169.81 crore.
 
Ipca Laboratories reported 24% year-on-year rise in net profits to Rs.197.54 crore for the December quarter. Total income jumped to Rs.1,230.99 as against Rs.1,019.48 crore in the same period last year.
 
On Thursday, the major indices declined and ended with minor losses. On the NSE, there were 790 advances, 986 declines and 374 unchanged.
 
Ashoka Buildcon has bagged a NHAI project in Karnataka, on HAM under Bharatmala Priyojana. The quoted cost for the project is Rs.1,035.50 crore.
 
Sunteck’s MaxXWorld project at Naigaon sold more than 1600 apartments generating sales worth Rs.600 crores approx., in less than 2 weeks from the launch day. Sunteck MaxXWorld comprises of 15 acres out of the total 150 acres- one of the largest township in the western suburbs.
 
Lincoln Pharmaceuticals reported 20% growth in revenues year-on-year at Rs101.55 crore for the quarter ended December 2019. Net profits rose 19% to Rs11 crore.
 
Phillips Carbon Black reported 18% decline in revenues year-on-year at Rs774.46 crore for the quarter ended December 2019. Net profits fell 35% to Rs70 crore.
 
On Friday, the major indices opened high but corrected and ended with losses. On the NSE, there were 632 advances, 1,147 declines and 373 unchanged.
 
Adani Enterprise signed a concession agreement with the Airports Authority of India (AAI) for managing the Ahmedabad, Mangaluru and Lucknow airports for 50 years, through three airport-specific subsidiaries. Adani Enterprises was the highest bidder for all the six airports offered by the Centre via the public-private partnership (PPP) mode.
 
The Supreme Court slammed the Department of Telecom while stating it may issue contempt notices against DoT officer for issuing an order for not taking coercive action against telcos to recover the dues since October
 
24. Telecom companies -- Airtel, Vodafone Idea (VIL) and Tata Teleservices are busy discussing their next course of action --whether they should pay their individual AGR dues out of the total Rs.1.47 lakh crore by Friday evening to escape the top court's wrath.
 
Future Enterprises reported flat growth in revenues year-on-year at Rs1,483.86 crore for the quarter ended December 2019. Net profits fell 51% to Rs15.66 crore.
 
BF Utilities reported flat growth in revenues year-on-year at Rs116.40 crore for the quarter ended December 2019. Net profits fell 68% to Rs8.87 crore.
 
Shree Cement  reported flat growth in revenues year-on-year at Rs3,211.65 crore for the quarter ended December 2019. Net profits fell 5% to Rs310 crore.
  • User

    Moneylife Stockgraders
    Guidelines 
     
    1. The Grader captures the first two of the three intrinsic factors that drive a stock: valuation, returns and growth. Since growth is volatile and difficult to capture through a metric, we have used only the first two factors. In place of growth, we have provided long-term price trend.
     
    2. In this system, A is a higher rank than B and so on. Since, in...
    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 struggling to rise – Thursday closing report
    We had mentioned in Wednesday’s closing report that Nifty, Sensex were headed higher. The major indices declined and ended with minor losses. On the NSE, there were 790 advances, 986 declines and 374 unchanged. The trends of the major indices in the course of Thursday’s trading are given in the table below:
     
     
    PNC Infratech has bagged a NHAI project of 70 km long four-laning of Unnao-Lalganj section in Uttar Pradesh, to be executed on Hybrid Annuity Mode (HAM) for a cost of Rs.1,602.0 crore. The project is to be constructed in 30 months and operated for 15 years post construction. This is the tenth hybrid annuity highway project secured by the company so far.
     
    Ashoka Buildcon has bagged a NHAI project in Karnataka, on HAM under Bharatmala Priyojana. The quoted cost for the project is Rs.1,035.50 crore.
     
    Zydus Cadila has received the final approval from the USFDA to market Mesalamine Suppositories for rectal use, (US RLD - Canasa) 1000 mg. The drug is used to treat ulcerative proctitis, a type of bowel disease. This will be manufactured at the group's topical manufacturing facility in Ahmedabad.
     
    Sunteck’s MaxXWorld project at Naigaon has sold more than 1600 apartments generating sales worth Rs.600 crores approx., in less than 2 weeks from the launch day. Sunteck MaxXWorld comprises of 15 acres out of the total 150 acres- one of the largest township in the western suburbs.
     
    SJVN reported flat growth in revenues year-on-year at Rs551 crore for the quarter ended December 2019. Net profits rose 18% to Rs215 crore.
     
    Lincoln Pharmaceuticals reported 20% growth in revenues year-on-year at Rs101.55 crore for the quarter ended December 2019. Net profits rose 19% to Rs11 crore.
     
    Phillips Carbon Black reported 18% decline in revenues year-on-year at Rs774.46 crore for the quarter ended December 2019. Net profits fell 35% to Rs70 crore.
     
    Electrosteel Castings reported 4% fall in revenues year-on-year at Rs700 crore for the quarter ended December 2019. Net profits jumped 36% to Rs59 crore.
     
    Apollo Hospitals reported consolidated profit of Rs.89.95 crore for December 2019 quarter against Rs.49.87 crore in the same quarter last year. Total income grew to Rs.2,921.40 crore from Rs 2,507.53 crore registered the same period a year ago.
     
    Adani Transmission reported a 32.53% rise in net profits at Rs 203.67 crore for December 2019 against Rs.153.67 crore in the year-ago period. Total income reported was Rs.2,835.72 crore as compared with Rs.2,834.10 in the year-ago quarter.
     
    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