Techno Electric & Engineering: Waiting for Growth
The long economic slowdown is having a serious impact on the capital goods sector. However, a slowdown also throws up companies that show the capacity to suffer pain. These are the ones that do better when the capital expenditure cycle turns up. Is Techno Electric & Engineering Company Limited (TEECL) one such company? 
 
Established in 1963, TEECL provides engineering, procurement...
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 Jump On “Brexit Deal” - Thursday closing report
    We had mentioned in our Wednesday’s market report that Nifty and Sensex were still on an uptrend. Today, the indices closed with sharp gains, most of which came during the second half of the trade session on Thursday after the Brexit uncertainty troubling the global markets seemed to have come to an end.
     
    The media cited statements from British Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker according to which the UK and EU have agreed a new withdrawal deal. The breakthrough must still be accepted by EU leaders and then approved by the British Parliament.
     
    The Sensex ended 453 points higher at 39,052.06 after it opened marginally higher at 38,647.44 while the Nifty ended at 11,586.35, up by 122 points or 1.07%.
     
    Auto stocks gained the most after the Brexit deal. The Nifty auto index surged 3.13% led by Tata Motors, up 13.27%. Motherson Sumi Systems, TVS Motor Company and Eicher Motors were other top auto gainers.
     
    It was the fifth consecutive session of gains for the Nifty as it closed almost at a one month high. 
     
    In corporate news, South Indian Bank has reported net sales of Rs2203.18 crores during the period ended 30th September 2019 up from Rs.1854.40 crores over the same period last year, while net profit was Rs84.48 crores as against Rs70.13 crores. The company has reported net sales of Rs.298.56 crores during the period ended September 30, 2019 as compared to Rs.274.83 crores during the period ended September 30, 2018. 3i Infotech has posted net profit of Rs13.35 crores for the period ended 30th September 2019 as against Rs.8.96 crores for the same period last year. Its net sales was Rs298.56 crores up from Rs274.83 crores.
     
    TVS Motor Company has reported net sales of Rs4966.88 crores during the period ended 30th September 2019 as compared to Rs5468.75 crores while net profit was Rs.253.57 crores, up from Rs207.19 crores. Leading multiplex operator PVR Ltd has reported a huge jump in consolidated net sales of Rs979.40 crores during the period ended 30th September 2019 compared to Rs714.65 crores. Its net profit was Rs47.67 crores as against Rs35.39 crores.
  • User

    Nifty, Sensex still on an uptrend – Wednesday closing report
    We had mentioned in Monday’s closing report that Nifty, Sensex are trending up. The major indices ended with gains. On the NSE, there were 874 advances, 896 declines and 356 unchanged. The trends of the major indices in the course of Tuesday’s trading are given in the table below:
     
     
    Bank of Baroda said that bank operations may get badly affected owing to the proposed strike by trade union organizations on October 22. In a statement, the bank, however, assured that it is taking all necessary steps for smooth functioning in bank branches on the day of strike. 
     
    Swedish telecom gear maker Ericsson signed a deal with Bharti Airtel to deploy its 5G-ready Cloud packet core in the domestic telecom major's network in the country. The deployment would enhance capacity in Airtel's network and enable it to address the rapidly-growing demand for high-speed data services, Ericsson said in a statement. 
     
    Headwinds from the US-China trade war have hit Wipro, its chief executive Abidali Neemuchwala said on Tuesday. "Some of our customers and their supply chains are impacted in certain sectors by the overhang of macro-uncertainty arising out of the trade war between the US and China," he told reporters. Noting that the demand environment, however, remained unchanged for IT spends, Neemuchwala said the company's business in the US market grew 9.4% year-on-year while Europe was weak. 
     
    Reliance Jio has asked regulator Trai to stop the consultation process on a new timeline for removing Interconnect Usage Charges (IUC) and enforce ''Bill and Keep'' regime under the IUC regulations from January 1, 2020. The incumbents - Airtel and Vodafone - oppose the BAK model, saying this is a break away from the global practice of IUC.
     
    Som Distilleries & Breweries wholly owned subsidiary Woodpecker Distilleries & Breweries has started supplying Woodpecker draught beer - filtered wheat beer to the key market of Bangalore. The company has got very good response of the product from the consumers. 
     
    Alicon Castalloy reported year-on-year 13% decrease in revenues to Rs267 crore for the quarter ended September 2019. Net profits declined 32% y-o-y to Rs9.35 crore.
     
    Federal Bank reported year-on-year 20% increase in net interest income to Rs3,748 crore for the quarter ended September 2019. Net profits increased 52% y-o-y to Rs424 crore.
     
    PNC Infratech has received letter of award from NHAI for the construction of NH-56, 4-lane bypass connecting NH-56 in the state of Uttar Pradesh for a contract value of Rs1,062 crore, on 15 October 2019. Construction of this project is to be completed in 36 months.
     
    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