Sensex, Nifty end with marginal gains to settle at record closing high

All that happened in the markets today

4:05 PM

Heatmap: S&P BSE Sensex

4:04 PM

Nifty sectoral indices at close

4:03 PM

Market at close

3:39 PM

The S&P BSE Sensex ended at 39,750, up 67 points while the broader Nifty50 index settled at 11,929, up 4 points.

3:23 PM

SpiceJet Q4 results: Ebitda margin at 4.4% vs 3.5% YoY

3:23 PM

SpiceJet Q4 results: Ebitda up 55.3% at Rs 11.4 cr

3:22 PM

SpiceJet Q4 results: Revenue up 25.3% at Rs 2,531.2 cr on YoY basis

3:22 PM

SpiceJet Q4 results: Net profit at Rs 56.3 cr vs Rs 46.1 cr (YoY)

3:01 PM

There has to be a strong reversal in midcaps and smallcaps: Shankar Sharma

3:00 PM

This mandate says India is 50% China in terms of strength of the govt: Shankar Sharma

2:56 PM

India has been an outperformer for 2 years: Shankar Sharma to CNBC-TV18

2:53 PM

NEWS ALERT | DHFL denies receiving look-out notice against promoters: CNBC TV18

2:52 PM

Market moves post elections are short-lived: Shankar Sharma to CNBC-TV18

2:51 PM

NEWS ALERT | Govt needs to take risks, hard decisions to push growth: Shankar Sharma to CNBC TV18

2:48 PM

NEWS ALERT | We are facing many headwinds locally: Shankar Sharma to CNBC TV18

2:43 PM

NEWS ALERT | Gruh Finance board approves raising FPI limit to 40% from 24%

BSE Filing by Gruh Finance

2:42 PM

Motherson Sumi climbs over 4%

2:31 PM

Market check

2:30 PM

Market check

2:26 PM

NEWS ALERT | NCLAT gives Bakshi last opportunity to settle unpaid dues with HUDCO

2:26 PM

NEWS ALERT | Won't allow settlement with McDonald’s if Bakshi does not settle unpaid dues with HUDCO: NCLAT

Alert: HUDCO is Housing and Urban Development Corporation 

 

2:24 PM

NEWS ALERT | HUDCO claims outstanding dues of Rs 195 crore

2:24 PM

Elara Capital on IndiGo (Interglobe Aviation)

Rating: ACCUMULATE

 

Target Price : INR 1927

 

Upside : 16%

 

CMP : INR 1,662 

INDIGO IN Q4FY19 PAT adjusted for INR 105mn in forex gains was at INR 5.9bn, growth of 401% YoY and 575% QoQ, vs our estimates of INR 673mn. EBITDAR was up 82% YoY at INR 20.5bn, a positive surprise, vs our estimates of INR 14.4bn, on higher revenue per seat per km (RASK) at INR 3.6. It was a 5% YoY increase vs our estimates of INR 3.4, owing to higher yield (revenue per passenger per km) by 12%, partially offset by a 2.9% decline in PLF. The rise in yield was on route optimization contributed ~2.5% and Jet Airways fiasco added ~3.5% YoY. Cost per seat per km (CASK) remains flat YoY at INR 3.3 on an 8% decline in fuel CASK while non-fuel CASK increased 5% YoY on a ~4% rise in maintenance cost. Passenger growth was at 21% YoY on 58 aircraft addition YoY wherein nine aircrafts added during Q4FY19.

We change our rating to Accumulate from Buy with a revised TP of INR 1,927 from INR 1,945 as the stock has run up by 49% in three months and we lower our FY20E EPS, Our new TP is based on 7.5x (unchanged) FY21E EV/EBITDA, in line with global LCC peers.

 

 

2:18 PM

Anand Rathi Financial Services on Ramco Cement

Rating: Buy
 

Target Price: Rs 921
 

Share Price: Rs 797
 

The better outlook in terms of lower costs (cost-optimisation), likely stable cement prices and benefits of the ongoing expansion plans would result in a better performance. We expect PAT to clock a 37% CAGR over FY19-21. We have a Buy rating on the stock, with a target of `921, based on 14x FY21e EV/EBITDA. Risks: High pet-coke/diesel costs and declining prices.

2:17 PM

Emami nears 52-week low on disappointing Q4 results; stock down 5%

Emami shares dipped 5 per cent to Rs 340 on the BSE in intra-day deal on Tuesday, after the company’s Ebitda (earnings before interest, taxes, depreciation and amortisation) margin declined by 390 bps at 24.2 per cent in March quarter (Q4FY19), due to increase in raw material costs. The stock is trading close to its 52-week low of Rs 338, hit on February 11, 2019. The trading volumes on the counter more-than-doubled with a combined 404,113 shares changing hands on the BSE and NSE till 01:45 pm. READ MORE

2:13 PM

Adani Transmission zooms over 3% on healthy Q4 nos

- Net profit at Rs 146.7 crore vs Rs 150.3 cr YoY

- Revenue at Rs 2545.6 cr vs Rs 809.9 cr YoY

 

2:13 PM

International book has declined YoY: PNB to CNBC-TV 18

2:13 PM

Created robust system to monitor slippages: PNB to CNBC- TV18

2:10 PM

Jet Airways exposure to bank is less than Rs 900 crore: PNB

2:08 PM

PNB slips in trade after bank reports net loss in Q4