Page 2300 - Markets News

HDFC Bank extends gains post June quarter result; stk surges 9.5% in 4 days

The stock was up 5% to Rs 1,153 after the lender reported 20 per cent year on year growth in net profit at Rs 6,659 crore for April-June quarter (Q1FY21) supported by operational income

Auto Q1 preview: Tractor, two-wheeler companies may buck the slowdown trend

Analysts at Nirmal Bang Institutional Equities expect Maruti Suzuki to post a loss for the quarter under review, led by 80 per cent sequential sequential dip in volume and negative operating leverage

Dhanuka Agritech gains 4%, hits 52-week high on share buyback proposal

The board of directors of the company is scheduled to meet on July 22, 2020, to consider and evaluate the proposal for buyback of equity shares

Asset quality, provisions key monitorables in Axis Bank's Q1 nos: Analysts

Owing to the Rs 7,730.02 crore provisions set aside in the March quarter of FY20, analysts expect lower sequential provisioning in the quarter under review

Stocks to watch: HDFC Bank, Vodafone Idea, Glenmark Pharma, ACC, SBI Cards

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

Market Ahead, July 20: Top factors that could guide markets this week

The Indian markets are likely to see a flat-to-negative start today as indicated by the SGX Nifty which was trading around 10,875.80 levels, down 42 points around 7:28 AM

Stock picks by Vaishali Parekh, Prabhudas Lilladher: Buy ICICI Bank, HDFC

The stock of ICICI Bank has made a good support base near Rs 340 levels and is currently indicating a trend reversal

Nifty outlook & stock calls by Angel Broking: Buy SBI Cards, Bharat Forge

One step at a time is the strategy to follow and better to timely book profits in the rally. Traders are advised to keep following stock specific moves and the base now remains at 10,660 - 10,560

Nifty could face resistance at 11,000 level: Gaurav Garg of CapitalVia

We might witness weakness only if Nifty breaks level of 10,700

Pharma firms likely to report mixed performance in Q1 on Covid-19, lockdown

Companies with higher exports are likely to benefit due to the rupee depreciation against the US dollar.

Collections have doubled in each month during June quarter: M&M Finance MD

In an interview with Shreepad S Aute, Ramesh Iyer talks about the upcoming rights issue

Street signs: Nifty in bullish territory, HNIs look to break even, and more

Rossari Biotech will make its stock market debut this week following a hugely successful IPO, which saw 80 times subscription

Lifeline for MFs: PMO suggests steps for resolution of stressed assets

Writes to DEA and Sebi for Covid-19 support fund for closed-ended debt schemes

Online brokerages see growth in new investors, trading activity in Mar-June

Jaideep Arora, the CEO of Sharekhan by BNP Paribas said traders, investors and new entrants are looking at this pandemic situation with both caution and opportunity

Commodity picks: 20 July, 2020

Firm global cues due to strong demand from China along with talks of increase in import duty in India could keep the prices firm in near term

After April fiasco, MCX to allow negative price trading from July 27

The issue became sensitive after crude futures settled in the negative on April 20, causing huge losses to traders

Aarti Drugs to Tata Comm: Earnings rise for 15 firms in Covid-19 economy

These companies reported an increase in revenue and/or profit before tax for the March quarter

Q1 show, Covid trend and geopolitics to drive markets this week: Analysts

Globally, the rising coronavirus infections and geo-political tensions have created uncertainty on the economic recovery front

Britannia Q1 pre-tax profit jumps 88% to Rs 737 cr, revenue rises 26%

The company's volume growth for the period underreview stood at 22 per cent, higher than analysts' expectations of 17-20 per cent.

Improving outlook, margin performance to support HCL Technologies stock

Valuations too are attractive, at a 35 per cent discount to Infosys