Wealth Creators 2009-19 - Part 8: Mutual Fund Schemes presented by
In the previous seven parts of our annual Wealth Creators series, we published the list of 500 best-performing stocks of the 10-year period 1 November 2009 to 31 October 2018 and discussed several of those stocks. In case you missed those, please check the links at the end of this article.
 
What we learnt from these wealth creators stocks (WC-stocks) was that a stock can grow...
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  • Nifty, Sensex trendless – Weekly closing report
    We had mentioned in last week’s closing report that Nifty, Sensex were struggling in the absence of triggers. The major indices rallied faced a correction but recovered and closed with minor losses 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 in the green but ended with losses. On the NSE, there were 551 advances, 1,280 declines and 344 unchanged. Airtel paid Rs10,000 crore dues to the Department of Telecom (DoT) as AGR and Vodafone-Idea has paid Rs2500 AGR payments.
     
    Lupin announced the successful completion of an inspection carried out by the U.S. FDA at its Aurangabad facility. The inspection concluded without any observation.
     
    Morepen Labs' net profit rose 21.3% year-on-year to Rs.10.81 crore for the quarter ended 31 December 2019. Total revenues recorded a growth of 8.9% YoY at Rs.226.91 crore.
     
    ICICI Bank raised Rs945 crore by issuing Basel III compliant unsecured subordinated tier 2 bonds on private placement basis.
     
    Oil and Natural Gas Corporation reported that its standalone net profit in the October-December 2019 period was Rs.4,152 crore, which was 49.8% lower than Rs.8,263 crore in the corresponding period of the previous financial year.
     
    On Tuesday, the major indices opened lower and ended with losses. On the NSE, there were 631 advances, 1,164 declines and 357 unchanged.
     
    Vodafone Idea scrips plunged over 16% to trade below Rs.3 a stock after India Ratings downgraded its rating on non-convertible debentures of Rs.3,500 crore citing stress on the company's near-term liquidity post the Supreme Court's ruling.
     
    Shares of Network18, TV18, Hathway and Den Networks surged after Reliance Industries announced consolidating the four entities into Network18. RIL’s stake in Network18 will reduce from 75% to 64% upon implementation of the scheme.
     
    Huhtamaki PPL reported 9.64% year-on-year growth in revenues to Rs676.48 crore, for the quarter ended 31 December 2019. Net profits increased by 280% to Rs68.18 crore in the same period.
     
    On Wednesday, the major indices rallied. On the NSE, there were 1,179 advances, 617 declines and 357 unchanged. 
     
    ARSS-Infrastructure Projects bagged a work order of Rs130.09 crores for execution of works for Rail Vikas Nigam.
     
    Dilip Buildcon has completed the excavation project of Northern Coalfields Ltd. The project cost was Rs1,673.58 crore.
     
    The Reserve Bank of India has granted its final approval to Kotak Mahindra Bank in the matter relating to dilution of promoters' shareholding in the bank.
     
    Tata Coffee sold 1,59,850 shares and Tata Consumer Products sold 7,05,522 shares of Tata Chemicals Limited (TCL) to Tata Sons Private as a market transaction.
     
    Hero MotoCorp announced an investment of Rs10,000 crore over the next 5-7 years on various activities, including research and development and setting up new manufacturing facilities.
     
    On Thursday, the major indices suffered a minor correction. On the NSE, there were 937 advances, 864 declines and 351 unchanged.
     
    Vodafone Idea paid Rs1,000 crore to Department of Telecom towards its AGR dues, official sources said. Earlier this week, the telecom company had paid Rs2500 crore and had said it would pay Rs1000 crore more on weekends.
     
    Anuh Pharma received certificate of suitability of European Pharmacopeia (CEP) for Ambroxol Hydrochloride (HCL) for supply to European Union market.
    NIIT plans to merge two of its subsidiaries - NIIT Institute of Process Excellence and NIIT Yuva Jyoti - with itself. 
     
    Sterlite Technologies has added new orders of Rs1,500 crore. These orders have ranged from continued business development in its core areas of optical connectivity solutions and network services to emerging areas such as software virtualization.
     
    Shares of Indiabulls Group rallied 10.72% after the firm announced that the Ministry of Corporate Affairs (MCA) probe found no irregularity in the deals entered by the group. Shares of Thomas Cook (India) rallied after the firm announced a buy back its equity shares.
     
    The equity markets were closed on Friday on account of Mahashivratri.
     
  • User 

    Weekly Moneylife Indices & Sector Trends
    INDIAN MARKET TRENDS
    For the week of 14th February to 20th February, ML Mega-cap Index, the Sensex and the NIFTY ended flat. ML Mid-cap Index and ML Large-cap Index fell 1% each, while ML Small-cap Index and ML Micro-cap Index fell 2% and 3%, respectively.
     
     
     
    FUND FLOWS
    Foreigners: Foreign institutional investors were net buyers of equities during the...
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