TCNS: High Valuation, High Growth
TCNS Clothing (TCNS), a textile retailer of women’s wear (brands: W, Aureliam and Wishful), got listed in August this year and was immediately hit by the general market decline. The stock fell from its listing price of Rs657on 30th July to Rs549 by 23rd October. Since then, the stock has sharply rallied and is now at around Rs643. 
 
TCNS has an asset-light model. It outsources is...
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 Under Pressure – Monday closing report

The major indices of the Indian stock markets suffered a correction on Monday and closed with losses over Friday’s close. On the NSE, there were 640 advances, 1,105 declines and 328 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:

 

 
The key Indian equity indices pared their initial gains to trade lower during on Monday, as investors turned cautious ahead of the release of key macro-economic indicators. The government would release the Consumer Price Index (CPI) for October and the industrial production data for September later in the day. The CPI data for September stood at 3.77%, up from 3.69 in August. Also, rebound in global crude oil prices and depreciation in the rupee weighed on the indices during the day. Price of Brent crude oil rose around $1.42 per barrel to $71.60 on Monday. Finally, the major indices suffered a correction of the order of 1% over Friday’s close.
 
Macro-economic indicators such as inflation, factory output as well as global crude oil prices will dictate the stock market trend this week, analysts said. A string of assembly elections, starting November 12, will also drive investor sentiments after range-bound movement the previous week. The government will release Consumer Price Index (CPI) and Wholesale Price Index (WPI) data for October this week. Retail inflation for September was at 3.77%, up from 3.69 in August. The wholesale inflation rose to 5.13% in September, from 4.53% in August.  Assembly elections have kickstarted with the first phase of elections in Chhattisgarh on Monday, November 12. Madhya Pradesh, Rajasthan, Chhattisgarh, Telangana and Mizoram go to polls this month and the next to reconstitute their respective assemblies. Also, crude oil prices, which have eased recently, would guide the equity market next week, analysts said.
 
Bank of India reported Q2FY19 results with net interest income (NII) at Rs2,926.79 crore (Rs2,908.24 crore), up 0.60% year-on-year. Losses were at Rs1,156.25 crore (profit of Rs179.07 crore). NPA (non-performing assets) provisions were at Rs2,827.62 crore (Rs1,866.82 crore). Gross Net Performing Assets (GNPA) were at 16.36% (12.62%). Net non-performing assets (NNPA) were at 7.64% (6.47%). The bank’s shares closed at Rs86.90, down 5.23% on the NSE.
 
Britannia Industries reported Q2 FY19 (Consolidated) results which included revenues at Rs2,869.59 crore (Rs2,545.29 crore), up 12.7% year-on-year. Net profit was at Rs302.97 crore (Rs261.05 crore), up 16.1% year-on-year. Earnings per share were at Rs25.22 (Rs21.74). The company’s shares closed at Rs5,765.00, up 0.32% on the NSE.
 
Ratnamani Metals & Tubes has received a new domestic order valued at approx. Rs165.00 crore for supply of CS Pipes for Oil & Gas Sector. The company’s shares closed at Rs875.50, up 0.14% on the NSE.
 
Zydus Cadila has received the final approval from the US FDA (Food and Drug Administration) to market Nystatin and Triamcinolone Acetonide Ointment USP. It is used to treat fungal skin infections. The company’s shares closed at Rs356.20, down 1.12% on the NSE.
 
Cipla has received final approval for its ANDA for Valganciclovir Tablets 450mg from US FDA. The drug is AB-rated generic version of Roche’s Valcyte® used in the treatment of CMV retinitis in patients with AIDS. Cipla shares closed at Rs530.80, up 0.73% on the NSE.
 
Lupin received Establishment Inspection report (EIR) for its Nagpur facility in Maharashtra post the completion of a Pre-Approval Inspection for its Phenytoin Sodium Extended Release 100 mg capsules. The inspection conducted in September 2018 concluded without any observation. The company’s shares closed at Rs859.25, up 0.51% on the NSE.
 
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 may come under pressure – Weekly closing report

We had mentioned in last week’s closing report that Nifty, Sensex were on an uptrend. The major indices of the Indian stock markets were range-bound during the week and closed with small weekly gains on Friday over last Friday’s close. The trends of the major indices in the course of the week’s trading are given in the table below:

 

 

The major indices of the Indian stock markets were range-bound on Monday and closed with small losses over Friday’s close. On the NSE, there were 870 advances, 887 declines and 318 unchanged.

 
Negative Asian markets and profit booking checked the upmove of equity indices on Monday. Except for IT (information technology), selling pressure was witnessed in almost all the counters led by the oil and gas stocks. Consumer durables, banking and finance stocks also traded lower.  The investor sentiments were also weighed down ahead of the release of the key macro-economic data (PMI service data) and a declining rupee. The domestic currency was trading 59 paise lower, at 73.03 to a US dollar, from its Friday close of 72.44. In addition, the benchmark Brent crude was below the $73 a barrel.
 
The US on Monday unleashed its "toughest ever" sanctions against Iran, a move that has already sparked mass protests in the oil-rich nation. US President Donald Trump's administration reinstated all sanctions removed under the 2015 nuclear deal, targeting both Iran and states that trade with it, reports the BBC. More than 700 individuals, entities, vessels and aircraft were now on the sanctions list, including major banks, oil exporters and shipping companies. Before travelling to a campaign rally for the US midterm elections, President Trump said Iran was already struggling under his administration's policies.
 
State Bank of India (SBI) reported Q2FY19 standalone results with net interest income (NII) at Rs20,905.69 crore (Rs18,585.90 crore), up 12.5% year-on-year. Net profit was at Rs944.87 crore (Rs1,581.55 crore), down 40.3% year-on-year. Provisions were at Rs10,184.50 crore (Rs16,715.20 crore). Gross non-performing assets (GNPA) were at 9.95% (9.83%) and Net non-performing assets (NNPA) were at 4.84% (5.43%). 
 
Indraprastha Gas reported Q2FY19 results with revenues at Rs1,568.73 crore (Rs1,231.35 crore), up 27.4% year-on-year. Profit after tax was at Rs187.23 crore (Rs168.87 crore), up 10.90% year-on-year.  Earnings per share were at Rs2.68 (Rs2.41). 
 
The major indices of the Indian stock markets were range-bound on Tuesday and ended flat. On the NSE, there were 856 advances, 856 declines and 345 unchanged.
 
Amid a slight recovery in the domestic currency and mixed global cues the benchmark Sensex gained over 200 points during the afternoon session of the trade on Tuesday. Buying was witnessed in the metal, capital goods and telecom counters whereas auto and metal counters were under selling pressure. By the end of the day’s trading, the gains made during the day were shed and the major indices ended flat. The domestic currency was at 72.97 to a US dollar, from its Monday's close of 73.12. In addition, the benchmark Brent crude was below the $73 a barrel.
 
Manappuram Finance reported Q2FY19 consolidated results with total revenue at Rs1,014.43 crore (Rs830.61 crore), up 22.1% year-on-year. Net profit was at Rs222.19 crore (Rs159.80 crore), up 39% year-on-year. Earnings per share were Rs2.66 (Rs1.89). Interim dividend of Rs0.55 per share was declared. 
 
Graphite India reported Q2 FY19 consolidated results with revenue at Rs2,345 crore (Rs528 crore), up 344.1% year-on-year. Net Profit was at Rs1,113 crore (Rs103 crore), up 980.6% year-on-year.  Earnings per share were Rs56.87 (Rs5.25). Interim dividend of Rs20 per share was declared.
 
In Muhurat trading on Wednesday, the major indices of the Indian stock markets rallied and closed with gains over Tuesday’s close. On the NSE, there were 1,405 advances, 279 declines and 75 unchanged.
 
Thursday was a trading holiday for the stock markets in India.
 
The major indices of the Indian stock markets were range-bound on Friday and closed with minor losses over Wednesday’s close. On the NSE, there were 940 advances, 843 declines and 77 unchanged.
 
The Securities and Exchange Board of India on Friday said Reliance Communications (RCOM) has settled its case with the regulator by paying Rs62.40 lakh over alleged non-cooperation with credit rating agencies and debenture trustee.

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)