Page 710 - Si Reporter

Infosys jumps over 5% on healthy Q1 results, other IT stocks rise too

Infosys on Friday reported a 5.26 per cent year-on-year (YoY) rise in net profit at Rs 3,802 crore while it dropped 6.8 per cent sequentially.

MARKET WRAP: Sensex gains 160 pts; broader markets underperform, Infy up 7%

In the broader market, the S&P BSE MidCap settled 88 points, or 0.61 per cent, lower at 14,466 levels while the S&P BSE SmallCap closed 87 points, or 0.63 per cent, lower at 13,689 levels.

DHFL tanks 29% on Rs 2,223 crore net loss in Q4; hits 10-year low

The company on Saturday reported a standalone net loss of Rs 2,223 crore for the quarter ending March 2019 (Q4F19), owing to higher provisioning.

Avenue Supermarts surges 6% after reporting strong numbers for June quarter

The company reported a 32 per cent YoY jump in its consolidated net profit at Rs 323 crore in Q1FY20.

Allahabad Bank tanks 15% after reporting Rs 1,775 cr fraud by Bhushan Power

The bank said it has already made provisions amounting to Rs 900.20 crore against the bank's exposure in BPSL

Stocks to watch: DHFL, Infosys, Tata Metaliks, Reliance Home Finance, BHEL

Here's a look at some of the counters which are likely to trade actively on Monday.

Infy posts 5% YoY rise in PAT at Rs 3,802 cr, raises FY20 growth guidance

The IT services company increased the FY20 growth guidance in constant currency terms to 8.5-10 per cent from 7.5-9.5 per cent.

MARKET WRAP: Sensex down 87 pts, Nifty holds 11,550; banks dip, metals gain

Among gainers, Nifty metals, pharma and realty counters were up between 0.4-0.7 per cent.

Quess Corp surges 18% on preferential share allotment to Amazon

The board has approved issue of 754,437 equity shares of the Company to Amazon.com for an aggregate amount of Rs 51 crore at an issue price of Rs 676 by way of a preferential allotment.

SBI Life Insurance hits record high; surges 34% thus far in FY20

The stock of the insurance company was trading at its highest level since October 3, 2017

Eris Lifesciences hits record low as stock turns ex-date for share buyback

On July 3, the company's board approved buyback of shares worth up to Rs 100 crore. The buyback is for 1.74 million shares at Rs 575 per share.

Budget impact: KPR Mill withdraws share buyback proposal, stock dips 6%

The company said it is not permitted to meet the buyback obligations beyond the amount approved by the board of directors and the same can also be effected only with the borrowed funds.

Stocks to watch: Infosys, DHFL, ACC, Ambuja Cements, IndusInd Bank, HFCL

Here's a list of some of the counters which are expected to trade actively in today's session.

KRBL plunges 20% as ED attaches properties in Embraer defence deal case

The Enforcement Directorate (ED) Thursday attached assets worth Rs 15 crore of the company in connection with 2008 Embraer deal case.

MARKET WRAP: Sensex tanks 395 pts as Budget 2019 fails to cheer investors

All that happened in the markets on the Budget day

Nifty IT index dips 2% as govt proposes to extend buyback tax to listed cos

The step is taken to discourage the practice of avoiding dividend distribution tax (DDT) through buyback of shares by listed companies

PSU banks gain on government Rs 70,000 crore capital infusion plans

Shares of State Bank of India (SBI) hit a new high of Rs 373, up 2 per cent on the NSE in the intra-day trade.

GM Breweries hits 52-week low on weak June quarter earnings

The company reported a 27 per cent decline in net profit at Rs 16 crore in the first quarter of fiscal 2019-20, due to higher raw material cost.

YES Bank hits over 5-year low; down 38% in one month

The stock dipped 4% to Rs 95, its lowest level since May 9, 2014 on the BSE.

Adani Ent rally 4% after cabinet nods Lucknow, Ahmedabad airport leasing

Adani Group holds operation, maintenance and development rights for Lucknow, Ahmedabad, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram airports