Page 2222 - Markets News
Ipca Lab hits 52-week high in a range-bound market; stk surges 9% in 3 days
According to Analysts at Phillip Capital, the company's revenues could grow 18 per cent year-on-year (YoY) to Rs 1,272.5 crore in June quarter of FY21
 "Ipca Lab hits 52-week high in a range-bound market; stk surges 9% in 3 days")
RIL slips nearly 2% after June quarter result; here's what brokerages say
For the April-June period, RIL reported a profit befote tax (PBT) of Rs 8,542 crore against Rs 14,366 crore in the year-ago period.
 "RIL slips nearly 2% after June quarter result; here's what brokerages say")
Lakshmi Vilas Bank freezes at 5% lower circuit on Rs 112 crore Q1 loss
The bank said its tier 1 capital has turned negative, which prompted the auditors cast doubts if it can continue as a going concern. The tier 1 capital ratio is at a (-) 1.83 per cent
 "Lakshmi Vilas Bank freezes at 5% lower circuit on Rs 112 crore Q1 loss")
Essel Propack jumps 18% after Q1 net profit rises 14% YoY to Rs 46 crore
Essel Propack's revenue from operations climbed 17.72 per cent to Rs 741.49 crore
 "Essel Propack jumps 18% after Q1 net profit rises 14% YoY to Rs 46 crore")
Tata Motors trades flat ahead of Q1 earnings; here's what to expect
In Q1FY21, Tata Motors' stock rose 44.2 per cent as compared to S&P BSE Sensex's 18.48 per cent gain in the same period
 "Tata Motors trades flat ahead of Q1 earnings; here's what to expect")
Torrent Pharma leaps 10%, nears 52-wk high as Q1 net profit jumps 49% YoY
In terms of markets, while its India revenues grew marginally by 2% on a year-on-year (YoY) basis to Rs 925 crore, up from Rs 907 crore in Q1 of FY20, its US revenues fell by 1% to Rs 373 crore
 "Torrent Pharma leaps 10%, nears 52-wk high as Q1 net profit jumps 49% YoY")
Stocks to watch: RIL, SBI, Tata Motors, Sun Pharma, Indian Oil, Wipro, LVB
Here's a list of stocks that may remain in focus today
 "Stocks to watch: RIL, SBI, Tata Motors, Sun Pharma, Indian Oil, Wipro, LVB")
Market Ahead, July 31: Top factors that could guide markets today
The June quarter results by Reliance Industries will be a major focus in the markets today. Besides, investors will also react to global cues, Covid-19 trends and other corporate results
 "Market Ahead, July 31: Top factors that could guide markets today")
Sanofi India: Sturdy balance sheet, cash-generation augur well for company
High growth visibility in chronics, strong balance sheet will help sustain premium valuation
 "Sanofi India: Sturdy balance sheet, cash-generation augur well for company")
Jio delivers strong Q1 performance on subscriber addition, ARPU growth
The other metric which helped drive the Q1 show was a 7 per cent sequential uptick in average revenue per user (ARPU) as compared to analyst estimates of a marginal dip
 "Jio delivers strong Q1 performance on subscriber addition, ARPU growth")
China's positive GDP growth rate may take a bite out of India's FPI flows
China's economy grew 3.2% in the second quarter, following a slump of 6.8% in the first, according to its National Bureau of Statistics
 "China's positive GDP growth rate may take a bite out of India's FPI flows")
Nasdaq-beating market rally sends BSE IT Index to a record high
The 50-member S&P BSE Information Technology (BSE IT) Index jumped to a record high this week, taking its advance since the end of March to more than 40%
 "Nasdaq-beating market rally sends BSE IT Index to a record high")
Dabur's aggressive focus on healthcare products is paying off
Segment supported performance in Q1, which saw revenue decline by 12.9% and PBT by 8.5%
 "Dabur's aggressive focus on healthcare products is paying off")
Sebi slaps Rs 2 cr fine on 4 entities in HDFC AMC front-running case
The regulator levied a fine of Rs 50 lakh each on Nilesh Kapadia and Dharmesh Shah, Rs 40 lakh on Ashok Nayak and Rs 60 lakh on IKAB Securities and Investments Ltd.
 "Sebi slaps Rs 2 cr fine on 4 entities in HDFC AMC front-running case")
Oil prices slide as surge in Covid-19 cases weighs on demand outlook
US West Texas Intermediate crude futures were down 70 cents, or 1.7 per cent, at $40.57 a barrel
 "Oil prices slide as surge in Covid-19 cases weighs on demand outlook")
Direct market access in exchanges will pose higher systemic risk: Brokers
Experts say playing various functions of an intermediary may not be feasible for exchanges
 "Direct market access in exchanges will pose higher systemic risk: Brokers")
LIC's portfolio up 34% in FY21 at Rs 5.79 trn; RIL, Infy top contributors
The study is based on 351 companies' data from Capitaline Plus, where LIC held over 1 percentage point stake in the June quarter. These companies accounted 72% of total m-cap of BSE-listed companies
 "LIC's portfolio up 34% in FY21 at Rs 5.79 trn; RIL, Infy top contributors")
RIL's profit before tax dips 6%; petroleum retail biz valued at $2.04 bn
Its total income stood at Rs 95,626 crore against Rs 165,199 crore recorded in April-June 2019 indicating improved margins
RIL posts 31 % YoY rise in Q1 consolidated net profit at Rs 13,233 crore
Revenue from operations came in at Rs 91,238 crore, down 43.8 per cent from the June 2019 quarter
 "RIL posts 31 % YoY rise in Q1 consolidated net profit at Rs 13,233 crore")
Market Wrap,July 30: Here's all that happened in the markets today
BSE Sensex slipped 335 points, or 0.88 per cent, to settle at 37,736 levels. IndusInd Bank (down over 5.6 per cent) ended as the biggest loser on the index
 "Market Wrap,July 30: Here's all that happened in the markets today")