Page 2994 - Markets News
HEG, Graphite India extend gain after strong Q4 results
HEG was up 4% to Rs 3,392, surging 16% in past seven trading days, while Graphite India trading 2% higher at Rs 765, extending its past two days 3% gain in otherwise weak market
 "HEG, Graphite India extend gain after strong Q4 results")
Manali Petrochemical zooms 20% on robust Q4 results
The stock locked in upper circuit of 20% at Rs 41.55 on the BSE after the company reported a record quarterly net profit of Rs 266 million in March quarter
 "Manali Petrochemical zooms 20% on robust Q4 results")
RBI to the rescue with likely $15 billion bond-purchase to cap yields
RBI's debt purchases will keep a lid on them even as higher inflation boosts the odds of monetary tightening
 "RBI to the rescue with likely $15 billion bond-purchase to cap yields")
Karnataka assembly poll verdict: How brokerages interpret the developments
Karnataka assembly election outcome coupled with sliding rupee and rising global crude oil prices has made investors nervous over the past two sessions
 "Karnataka assembly poll verdict: How brokerages interpret the developments")
Granules India up 7% on USFDA nod for generic Methylergonovine tablets
The stock rallied 7% to Rs 104 after the company said Granules Pharmaceuticals Inc., a wholly owned subsidiary of the company, received USFDA approval for generic Methylergonovine tablets.
 "Granules India up 7% on USFDA nod for generic Methylergonovine tablets")
Divi's Labs gains 4% on successful USFDA inspection of Telangana unit
The stock was up 4% to Rs 1,213 on the BSE in early morning deal, trading close to its 52-week high of Rs 1,220 touched on May 11, 2018.
 "Divi's Labs gains 4% on successful USFDA inspection of Telangana unit")
Options an optimal way to handle poll-like scenarios
A strangle is a put below the spot price and a call above the spot. It is less expensive than a straddle, but it will not deliver profit unless there is a large movement
RBI move can help cap rupee slide at 72 levels, says Nizam Idris
The RBI has a lot of reserves and the purpose of accumulating them is, to a large degree, to help battle massive pressure on the currency, says Nizam Idris
 "RBI move can help cap rupee slide at 72 levels, says Nizam Idris")
Any fall in Hindalco's stock price could be a good entry point: Analysts
The aluminium segment with 11.5 per cent improvement in operating profit at Rs 12.65 bn helped drive overall operating profit to Rs 18.1 bn, higher than the Rs 17.9 bn in the year-ago quarter
 "Any fall in Hindalco's stock price could be a good entry point: Analysts")
Today's picks: From Cipla to BPCL, hot stocks to watch on Thursday
Keep a stop at Rs 563 and go short. Add to the position between Rs 550 and Rs 553. Book profits at Rs 547
Top trading ideas for today's trade: Buy Bajaj Finance, Sell PNB
Nifty outlook and top trading ideas by Sacchitanand Uttekar, deputy vice president - technical (equity) at Tradebulls.
 "Top trading ideas for today's trade: Buy Bajaj Finance, Sell PNB")
Nifty outlook and top trading ideas from Prabhudas Lilladher for today
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
 "Nifty outlook and top trading ideas from Prabhudas Lilladher for today")
Rupee bounces back from 15-month low of 68.11 a dollar on RBI intervention
The rupee had hit 68.1325 a dollar in morning trade, but persistent dollar selling by nationalised banks strengthened it to a more comfortable level
 "Rupee bounces back from 15-month low of 68.11 a dollar on RBI intervention")
TVS Motor: Double-digit margin still a dream
Operating profit margins at 7% way below estimates
 "TVS Motor: Double-digit margin still a dream")
Recovering ITC cigarette volumes a positive, improvement to boost earnings
Cigarettes and FMCG (fast moving consumer goods) together account for 70 per cent of ITC's sales and 90 per cent of profits
 "Recovering ITC cigarette volumes a positive, improvement to boost earnings")
Karnataka's uncertainty, Korean peninsula tensions keep markets on edge
Banking stocks were battered after Punjab National Bank (PNB) posted a record loss for the March quarter
 "Karnataka's uncertainty, Korean peninsula tensions keep markets on edge")
PSBs under pressure: Public banks stocks decline 16-60% since Nov
To some extent, the surge in bond yields on government securities (G-secs), which have impacted the treasury profit of banks, has also played a role
 "PSBs under pressure: Public banks stocks decline 16-60% since Nov")
Fraud-hit PNB stock is a dud investment, caution analysts
The results have made analysts cautious on public sector banks (PSBs) that are saddled with a large quantum of non-performing assets (NPAs)
 "Fraud-hit PNB stock is a dud investment, caution analysts")
PE/VC investments in Apr up by 23% at USD 2.4 bn on large deals: EY
The largest investment in April 2018 saw Softbank invest USD 400 million for a 21 per cent stake in Paytm Mall.
 "PE/VC investments in Apr up by 23% at USD 2.4 bn on large deals: EY")
IFL Promoters matter: Sebi slaps Rs 16.8 million fine on promoter, 7 others
The regulator had observed that Heena Developers had transferred 4,58,190 shares of IFL Promoters to seven other entities in off market transactions
 "IFL Promoters matter: Sebi slaps Rs 16.8 million fine on promoter, 7 others")