Page 2605 - Markets News

L&T puts up decent results in June quarter amid weak macro environment

While order inflow was healthy led by domestic projects, improved execution in select private sector and power segment supported growth

Budget impact: FPIs may look at P-notes for making investments in India

The Centre ruled out a rollback of the "super-rich" tax on FPIs, organised as trusts or association of persons, last week

SKP Securities mulls cancellation, postponement of proposed buyback

Last week, Greaves Cotton made a similar announcement informing investors that it had written to the Finance Ministry seeking clarification on the buyback tax introduced in the Budget

IGPC wants banks to be allowed to buy gold, become bullion bankers

The move will enable them to source locally, finance bullion and refining business, apart from allowing them to hedge positions on exchanges and create gold-backed products

Goldman Sachs shuns 'naked long' bets in EMs as growth seen sputtering

Maasry recommends relative value: Buy the Brazilian real by shorting the Australian dollar, for example, or fund a long position in the Mexican peso with euros

Home projects hit after NHB asks HFCs to stop financing subvention schemes

Industry sources say there will be an immediate and long-term impact

Q1 results: United Spirits high on strong margin gains, stock falls 1.6%

Operating efficiency to drive profitability, but there are some near-term headwinds

GSK Pharma's health gets boost from focus on top brands' yields

The company is focusing completely on promoting its top twenty brands, including the antibiotic Augmentin, and antipyretic Calpol

Retail investors raise bets on penny stocks despite high investment risk

The value of equity can get wiped out as some the companies will be going through legal proceedings for debt recovery

Brokers exit cash segment, numbers drop by a quarter over 12-month period

High regulatory expectations and advent of discount broking have made old-style brokerage businesses unviable

HUL Q1 consolidated net profit up 14.5% at Rs 1,792 crore

Total income for the quarter under review came in at Rs 10,509 crore, up 1.89 per cent year-on-year (YoY).

L&T Q1 profit rises 20.5% YoY to Rs 1,361 crore

Consolidated gross revenue during the quarter under review came in at Rs 29,636 crore from continuing operations for the quarter ended June 30, 2019, achieving YoY growth of 10 per cent.

Market Wrap, July 23: Sensex slips 48 pts; HUL Q1 profit up 14.5%

Hindustan Unilever (HUL) on Tuesday reported a 14.5 per cent rise in its consolidated net profit at Rs 1,792 crore for the quarter ended June 30, 2019

MARKET WRAP: Sensex slips 48 pts, settles below 38,000-mark; PSBs tank

t close, Nifty PSU Banks were the biggest losers, with the index settling over 3% lower followed by Nifty Financial Services index (down 0.72%t) and Nifty Pharma index (down 0.70%)

Infosys hits record high in subdued market, up 11% in 7 days post Q1 nos

The stock surpassed its previous high of Rs 799 touched on July 18

DHFL gains 20% on heavy volumes, rebounds 25% from day's low on NSE

DHFL said the company is in the process of submitting a resolution plan to the lenders and the lenders are expected to give an in-principle approval to the plan by end of July 2019.

Sovereign bond yields to consolidate ahead of monetary policy review: DBS

The Reserve Bank's next policy review meet is scheduled to be held from August 5th to 7th

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.

VA Tech Wabag up 6% on securing order worth Rs 1,187 cr under Namami Gange

The project comprises of a design, build and operate (DBO) scope worth Rs 940 crore and hybrid annuity scope worth around Rs 247 crore, it added.

L&T Q1 preview: Analysts see healthy revenue growth on strong order execution

Analysts at Centrum Broking projects L&T's revenue to grow 15.4 per cent year-on-year (YoY) to Rs 32,636.6 crore as against Rs 28,283.5 crore, registered in the year-ago period.