V-Guard Industries: Top Performer but an Expensive Stock
From being a small-scale manufacturer of stabilisers four decades back, V-Guard Industries Limited (VGIL) is now the market leader in stabilisers, with about 35% market share. It has expanded its regional presence in the country over the years, diversified its product range and has become an established player in the electrical and electronics industry, with a strong market position in...
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  • Nifty, Sensex, Deeply Oversold – Thursday closing report
    The Indian markets plunged on Thursday, following continued negative domestic new flows. Additional pressure came from US Federal Reserve’s comments, after slashing the interest rates by 25 basis points, first since 2008, said it is “not the beginning of a long series of rate cuts.” The Nifty provisionally closed at 10,980, down 1.24% while Bank Nifty was down to 28,367, down 1.76%.
     
    Only 11 of the Nifty 50 stocks closed in the green. Among the top losers were Vedanta (-5.61%), JSW Steel (-5.01%), SBI (-4.7%). The gainers were Wipro, Maruti Suzuki (2.13%), Wipro (2.11%) and Infratel (1.93%). 
     
    The trends of the Indian stock markets in the course of Wednesday’s trading are given in the table below:
     
     
    Meanwhile, Cafe Coffee Day (CCD) shares hit lower circuit for the third day in a row since its founder VG Siddhartha mysteriously disappeared and was found dead on Wednesday. 
     
    The board of Ador Fontech Ltd has approved a issue of bonus shares in the proportion 1:1 i.e., one bonus equity share of the nominal value of Rs2 each for every one equity share held. Shares of Ador Fontech closed at Rs100.25 in BSE down 1.04%. 
     
    SML Isuzu Ltd has sold 857 vehicles in the month of July 2019, drastically down from 1,130 vehicles sold in July 2018. The company has reported total income of Rs197.59 crore during the period ended 30 June 2019 compared to Rs147.12 crore during the same period last year. Its net profit was Rs45.35 crore for the quarter ended June 2019 against Rs30.07 crore.
     
    Hikal, a speciality chemicals manufacturer, has reported total income of Rs403.84 crore during the period ended 30 June 2019 compared to Rs326.97 crore, same period last year. Its net profit was Rs25.23 crore as against Rs15.93 crore.
     
    Varun Beverages reported a 36.5% rise in revenue from operations (net of excise / GST) in Q2 2019 to Rs2,810.4 crore. Total sales volumes were up 43.3% YoY at 195.5 million cases in the June quarter compared to 136.4 million cases. Its net profit jumped by 32.0% to Rs404.9 crore from Rs306.7crore.
     
    The top gainers and top losers of the major indices are given in the table below:
     
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    MISMANAGEMENT CAN"T BE HIDDEN FOR LONG AN ONSLAUGHT IS COMING BY DECORATIVE WORDS YOU CAM"T HIDE YOURSELF FOR EVER.

    Nify, Sensex May Try to Bounce – Wednesday closing report
    We had mentioned in Tuesday’s closing report that Nifty, Sensex were under pressure. The major indices opened low but rallied and closed with gains. On the NSE, there were 866 advances, 920 declines and 307 unchanged. The trends of the Indian stock markets in the course of Wednesday’s trading are given in the table below:
     
     
    The board of Coffee Day Enterprises on Wednesday appointed S.V. Ranganath as its interim chairman, after the police in Mangaluru earlier recovered the body of its founding Chairman V.G. Siddhartha on the banks of the Nethravathi river almost 36 hours after he went missing. The stock was again locked at lower circuit (down 20%) today.
     
    Riding the foreign direct investment policy liberalisation and reforms in the last financial year, the country received $64.37 billion FDI in 2018-19. According to a report by Department for Promotion of Industry and Internal Trade (DPIIT), it was up from $60.97 billion received in FY18. "The country registered the highest FDI inflow of $64.37 billion during 2018-19. FDI worth $286 billion has been received in last five years," DPIIT said in its annual report 2018-19.
     
    Axis Bank on Tuesday posted 95.42% year-on-year rise in net profit at Rs1,370.08 crore for the quarter ended June 2019 (Rs701.09 crore). Net interest income increased 13.10% YoY to Rs5843.65 crore for the quarter ended June 2019 against Rs166.80 crore in the corresponding quarter last year. The stock price fell 4.64%.
     
    Future Retail posted a 4.67% y-o-y rise in consolidated net profit at Rs159.24 crore for the quarter ended June 2019. Total income during the quarter stood at Rs5,206.46 crore, up 13.35% y-o-y. The stock price fell 1.19%.
     
    CreditAccess Grameen posted net profit of Rs95.83 crores for the quarter ended June 2019 (Rs.72.22 crores) up 32.69% y-o-y. Net Interest income grew 31.68% y-o-y to Rs376.70 crores (Rs.286.07 crores). The stock price fell 2.82%.
     
    Indian Oil Corporation posted net profit of Rs3,623.69 crores for the quarter ended June 2019 (Rs7,175.59 crores) down 49.50% y-o-y. Total income grew only 0.48% y-o-y to Rs1,53,109.93 crores (Rs1,52,377.02 crores). The stock price rose 3.93%.
     
    Allahabad Bank posted net profit of Rs128 crores for the quarter ended June 2019 as against net loss of Rs1,944.37 crores in the corresponding period in the previous year. Net interest income declined 0.97% y-o-y to Rs4,747.49 crores (Rs4,794.04 crores).
     
    Hero MotoCorp’s revenue from operations stood at Rs8,030 Crore (Rs8810 crores in Q1 FY19) and profit after tax at Rs1,257 crore (Rs909 crore). The stock price rose 3.90%.
     
    Vinati Organics posted net profit of Rs82.35 crores for the quarter ended June 2019 (Rs64.25 crores) up 28.17% y-o-y. Total income grew 9.15% y-o-y to Rs.302.16 crores (Rs276.84 crores). The stock price fell 4.20%.
     
    Symphony, maker of domestic appliance reported a 66% rise in consolidated net profit to Rs33.41 crore for the June quarter (Rs20.10 crore) while consolidated sales rose by 100% to Rs291.30 crore from Rs145.56 crore. The stock price fell 2.33%.
     
    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:
     
     
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