Page 703 - Si Reporter

MARKET WRAP: Benchmarks flat, mid-caps rally; RIL up 3% ahead of Q3 nos

All that happened in the markets today

Dishman Carbogen falls 9% from day's high despite nod for share buyback

The board approved the buy-back of equity shares by the Company from open market through stock exchange mechanism for amount not exceeding Rs 72 crore at a price not exceeding Rs 150 per share.

RIL climbs 2.5% ahead of Q3 results; GRM expected to see a slight fall

HDFC Securities expects RIL's EBITDA to increase by 4.7 per cent QoQ to Rs 14,300 crore.

Bharti Airtel climbs 5% on hopes of market share gain, hits 26-month high

The SC rejected the review petitions filed by telecom companies to grant relief on adjusted gross revenue, which have to be paid before the deadline of January 24

HCL Technologies trades flat ahead of Q3 nos; here's what analysts expect

For the quarter under review, analysts at Centrum Broking expect the company to deliver 1.8 per cent constant currency (CC) revenue growth.

BSE Midcap index hits 52-week high; Berger Paints, IGL scale record highs

ICICI Securities, Reliance Nippon Life, Berger Paints, Whirlpool of India, IGL, AU Small Finance and Motilal Oswal Finance have rallied more than 40% from April 3, 2019 levels.

Rallis India soars 15%, hits 52-wk high on robust December quarter results

The company recorded consolidated revenues of Rs 534 crore for Q3FY20, a growth of 28 per cent over previous year's quarter of Rs 417 crore

MARKET WRAP: Indices off record highs, Nifty above 12,350; small-caps rally

All that happened in the markets today

Bharti Airtel up 2%, nears 52-week high on successful QIP offering

Crisil removed its rating on the long term bank facilities and NCDs of Bharti Airtel from 'Rating Watch with Negative Implications'.

Nestle India hits fresh all-time high; m-cap nears Rs 1.5 trillion

Currently, Nestle India stands at 20th position in overall ranking of listed companies with market cap of Rs 1.47 trillion

Nifty FMCG index extends gains to 8th straight session, hits 2-month high

Dabur India and Jubliant FoodWorks have hit their respective 52-week highs, while Tata Global Beverages and Nestle India were trading close to 52-week highs on the NSE on Thursday.

Sterlite Technologies slips 6% as profit falls 38% in December quarter

In Q3FY20, Sterlite underperformed the benchmarks by slipping 21.6 per cent as compared to Nifty's 7.11 per cent gain

Jet Airways dips 5% amid reports Hinduja Group backs out, EoI deadline ends

The beleaguered airline had shut its operations in April last year due to severe cash crunch. It was admitted under the insolvency process in June, 2019.

Stocks to watch: Jet Airways, Cyient, L&T Infotech, telcos, DHFL, Airtel

Here's a look at the stop stocks that may remain in focus today

Infosys whistleblower complaint: Audit panel finds no financial impropriety

The Audit Committee concluded that no restatement of previously announced financial statements or other published financial information is warranted, it said.

Tata Motors hits 8-month high post JLR December retail sales numbers

Meanwhile, analysts expect Tata Motors to report first quarter of growth in October-December quarter (Q3FY20) after six consecutive quarters of a decline in profit.

Tata Steel gains 2% as domestic sales volume grows 17% QoQ in December qtr

The company said that steel prices are expected to improve further with strong retail demand and ongoing restocking demand at the dealers' ends.

GTPL Hathway surges 11% post December quarter results

GTPL's total income in Q3 increased 115 per cent YoY to Rs 687.5 crore, with CATV subscription revenue at Rs 258.1 crore (up 44% YoY)

Pharma shares in focus; Dr Reddy's, Divi's, Granules hit 52-week highs

Lupin, Sun Pharmaceutical, Cadila Healthcare, Aarti Drugs and Aurobindo Pharma were up in the range of 2 per cent to 3 per cent.

Sterlite Technologies up 4% as arm acquires 13% stake in Israel-based ASOCS

In the past month, Sterlite Technologies has outperformed the benchmark Sensex by gaining 4.6 per cent. In comparison, the index added 2.3 per cent till Thursday.