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Pidilite, Indus Towers, TVS Motor, RVNL have been spotlighted in todays intraday trading market

Jan 25 2023 10:36PM

Indian Intraday Trdaing stcoks like Pidilite Industries: The company reported consolidated net profit of Rs 307.74 crore in Q3 FY23 from Rs 359.24 crorein Q3 FY22. Total income rose to Rs 3002.72 crore in Q3 FY23 from Rs 2855.89 crore in Q3 FY22. Indus Towers: Thecompany reported consolidated net loss of Rs 708 crore in Q3 FY23 as compared to net profit of Rs 1571 crore in Q3FY22. Revenue fell to Rs 6765 crore in Q3 FY23 from Rs 6927 crore in Q3 FY22.TVS Motor Company: TVS Motor Company reported 22% rise in standalone net profit to Rs 353 crore on a 15%increase in revenue to Rs 6,545 crore in Q3 FY23 over Q3 FY22.Rail Vikas Nigam (RNVL): The company has received letter of award for provision of automatic block signalling withdual MSDAC, EI/OC interface and block optimization in Arakkonam Junction-Nagari section of Chennai division inSouthern Railway. The cost of the project is Rs 38.40 crore.Triveni Engineering & Industries: The company reported consolidated net profit of Rs 147.28 crore in Q3 FY23 from Rs130.12 crore in Q3 FY22. Total income rose to Rs 1658.71 crore in Q3 FY23 from Rs 1235.44 crore in Q3 FY22.PDS: The company's board appointed Rahul Ahuja as group chief financial officer (CFO) with effect from 25 January2023.

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RIL, ICICI Bank, Kotak Mahindra Bank, Camlin Fine Sciences have been zoomed in todays trade

Jan 23 2023 10:04PM

Intraday trading stocks like Reliance Industries (RIL): On a consolidated basis, net profit of RIL declined 2.8% to Rs 15,792 crore on 17.4%increase in net sales to Rs 2,17,164 crore in Q3 December 2022 over Q3 December 2021. RIL reported exceptionalincome of Rs 2,836 crore in Q3 December 2021. ICICI Bank: ICICI Bank reported net interest income of Rs 16465crore in Q3 FY23 from Rs 12236 crore in Q3 FY22. Profit after tax rose to Rs 8312 crore from Rs 6194 crore.Kotak Mahindra Bank: Kotak Mahindra Bank reported net total income of Rs 7753 crore in Q3 FY23 from Rs 5698crore in Q3 FY22. Profit after tax rose to Rs 2792 crore from Rs 2131 crore.UltraTech Cement: UltraTech Cement reported consolidated profit after tax of Rs 1058 crore in Q3 FY23 from Rs 1173crore in Q3 FY22. Net sales rose to Rs 15299 crore in Q3 FY23 from Rs 12710 crore in Q3 FY22.LTIMindtree: LTIMindtree recorded 15.82% decline in consolidated net profit to Rs 1,000.5 crore despite of 4.77%increase in revenue to Rs 8,620 crore in Q3 FY23 over Q2 FY23.JSW Steel: JSW Steel reported 90% drop in consolidated net profit to Rs 474 crore in Q3 FY23 from Rs 4,516 crore inQ3 FY22. Revenue from operations rose by 3% YoY to Rs 39,134 crore during the quarter.RBL Bank: RBL Bank reported 34% rise in net profit to Rs 209 crore on a 14% increase in total income to Rs 2,987crore in Q3 FY23 over Q3 FY22.Camlin Fine Sciences: The company said it commensed commercial production at its composite vanillin manufacturingunit situated at Dahej in Gujarat.

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IndusInd Bank, SBI, Wipro, Adani Enterprises have been focused in todays intraday trading market

Jan 19 2023 10:53PM

Indian intraday Trading stocks like IndusInd Bank: The private lender's standalone net profit surged 68.71% to Rs 1,959.20 crore on 19.96% rise intotal income to Rs 11,533.74 crore in Q3 FY23 over Q3 FY22. IndusInd Bank's consolidated net profit stood at Rs1,963.64 crore in quarter ended 31 December 2022 as compared to Rs 1,241.55 core posted in Q3 FY22, registeringa growth of 58.16%. State Bank of India (SBI): SBI has raised Rs. 9718 crore through its second infrastructure bondissuance on Wednesday at coupon rate of 7.70%. The proceeds of bonds will be utilized in enhancing long termresources for funding infrastructure and affordable housing segment. The tenor of these bonds is 15 years.Wipro: The IT major announced the opening of its newest Wipro-AWS Launch Pad Center in Toronto, Canada. Joininga global network of Wipro-AWS Launch Pad Centers, this new one will enable customers in Canada to accelerate theirmove to the cloud and build industry leading solutions leveraging Wipro and AWS expertise.Persistent Systems: The company reported 8.2% rise in consolidated net profit after reversal of export incentive to Rs237.95 crore on a 5.9% increase in revenues to Rs 2169.36 crore in Q3 FY23 over Q2 FY23.Adani Enterprises: The board of directors of the company approved the floor price of the offer to be Rs 3,112 per FPOequity share and the cap price of the offer to be Rs 3,276 per FPO equity share for all categories of investors.Vedanta: Vedanta has been declared successful bidder post submission of bid for Meenakshi Energy Limited underCorporate Insolvency Resolution Process (CIRP) under IBC. The board of directors of Vedanta has approved theacquisition of Meenakshi Energy.Aurobindo Pharma: The United States Food and Drug Administration (US FDA) inspected the company's wholly ownedsubsidiary, APL Health Care Limited's Unit I & III, facility located at Jadcherla, Telangana, from 9 January to 18January 2023. At the end of the inspection, it has issued a 'Form 483' with 2 observations.

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NTPC, M&M, Siemens, Angel One have been focused in todays intraday market

Jan 18 2023 12:06AM

Indian Intraday trading stocks like NTPC: NTPC Renewable Energy Ltd. (NTPC REL) signed a Memorandum of Understanding (MoU) with Government ofTripura for Development of Floating and Ground Mounted based Renewable Energy Projects in the State of Tripura.M&M: M&M announced pricing for the fun and fast XUV400, its first electric SUV, unveiled on World EV Day in 2022.The XUV400 is designed and engineered for car buyers looking to join the electric revolution. Set to take Mahindra'selectrification journey forward, the all-electric SUV will be priced from Rs 15.99 lakh.Siemens: Siemens has received an order for 1,200 locomotives of 9000 horsepower (HP) from Indian Railways.Siemens will design, manufacture, commission and test the locomotives. The contract has a total value of Rs. 26,000crore (approximately), excluding taxes and price variation.Angel One: Angel One reported 38.3% rise in consolidated net profit to Rs 227.7 crore on a 25.5% increase in totalincome to Rs 759.7 crore in Q3 FY23 over Q3 FY22.V-Mart Retail: A fire accident took place at one of the company's store located at Kanpur, Uttar Pradesh, on 16January 2023. The company is in process of ascertaining the actual loss caused due to the fire.

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HUL, Sah Polymers, Route Mobile have been focused in today intraday market

Jan 12 2023 6:19PM

Indian Intra day trading stocks like Hindustan Unilever (HUL): Hindustan Unilever has completed the acquisition of 51% shareholding of Zywie for a totalconsideration of Rs 264.28 crore for the first tranche. Consequently, Zywie Ventures Private Limited has become asubsidiary of the company. Infosys, HCL Technologies: IT majors Infosys and HCL Technologies will announce theirDecember 2022 quarterly earnings today.Sah Polymers: Shares of Sah Polymers will debut on the bourses today, 12 January 2023. The issue was sold in theRs 61-65 price band.Route Mobile: Route Mobile has signed an exclusive SMS firewall solution and connectivity service agreement with aleading Mobile Network Operator (MNO) in Sri Lanka to provide an end-to-end A2P monetization suite for allinternational A2P SMS' terminating on its network.Elgi Equipments: With respect to the sale/disposal of a property of Pattons Inc, USA, a material subsidiary of thecompany, Pattons Inc, USA has identified a suitable buyer and has completed the sale on 10 January 2023.Central Bank of India: The bank has entered into a strategic Co-Lending Partnership with Mamta Projects PrivateLimited (MPPL) to offer MSME loans to Borrowers at competitive rates. MPPL is a new-age, tech and risk-analyticsfocused lending institution.RailTel Corporation of India: The public sector enterprise received the work order from Department of Revenue andDisaster Management, Government of Puducherry, valued at Rs 170.11 crore.

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NTPC, Avenue Supermarts, Godrej Properties have been concentrated in today's intraday trade.

Jan 4 2023 10:50PM

Intrday trading calls like NTPC: India's largest power generator commissioned India's first green hydrogen blending project. The greenhydrogen blending has been started in the piped natural gas (PNG) network of NTPC Kawas township, Surat. Theproject is a joint effort of NTPC and Gujarat Gas Limited (GGL). Avenue Supermarts: Avenue Supermarts has reporteda standalone revenue of Rs 11,304.58 crore in quarter ended 31 December 2022 from Rs 9,065.02 crore reported inthe corresponding quarter previous year. The total number of stores as of 31 December 2022 stood at 306.Godrej Properties: The real estate developer announced the enhancement in CP limits to Rs 1750 crore from Rs 1500crore by ICRA and CRISIL. Ratings for Commercial Paper (CP) have been reaffirmed/assigned at [ICRA] A1+ andCRISIL A1+, respectively.RailTel Corporation of India: The company has received the work order from South Eastern Coalfields Limited forproviding MPLS VPN services at 529 locations under SECL Command Area for the period of five years. The total valueof the work is Rs. 186.19 crore (including GST).Themis Medicare: Themis Medicare announced the launch of a novel transdermal Estradiol spray Lenzetto in theIndian market for treatment of Menopausal Symptoms.Satin Creditcare Network: The meeting of the board of directors of the company is scheduled on 6 January 2023 toconsider and approve Raising Of Funds Through Private Placement Of Non-Convertible Debentures.

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Maruti Suzuki, Dabur India, HFCL, PSP Projects have been zoomed in today intraday trading market

Jan 3 2023 10:35PM

Indian Intraday Trdaing stocks like Maruti Suzuki India: The company announced production of 124,722 vehicles in December 2022, lower than 152,029vehicles in a year ago period. Dabur India: Dabur has acquired 51% equity shareholding of Badshah Masala PrivateLimited from its shareholders upon fulfillment of terms and conditions as per SPA and SNA and the transaction hasbeen completed on 2 January 2023.HFCL: The company along with its material subsidiary, HTL Limited, has received the purchase orders aggregating toRs 95.38 crore from Reliance Projects & Property Management Services for supply of optical fiber cables to one of theleading private telecom operators of the country.PSP Projects: The company has emerged as lowest bidder (L1) for a Government project worth Rs 1,364.47 crore(excluding GST) of 'Construction of State of the art High Rise Office Building' at Surat, Gujarat for Surat MunicipalCorporation.RateGain Travel Technologies: RateGain Travel Technologies has entered into a definitive agreement to acquire AdaraInc. through an asset purchase agreement. The transaction does not involve any share acquisition. The assetpurchase transaction will be carried out for cash consideration of $16.1 million (about Rs 132.4 crore).Safari Industries (India): Safari Manufacturing Limited (SML), the wholly owned subsidiary of the company, aftercompletion of various trial-runs and increased productivity, has successfully commenced its additional commercialproduction/manufacturing of luggage at its factory situated at Halol, Gujarat.Borosil: The commercial production of opal ware glass from the company's second furnace at its Jaipur site hascommenced.Likhitha Infrastructure: The company has received orders worth Rs. 120 crore (approx.) excluding GST from variousoil and gas distribution companies during the quarter from October 2022 to December 2022.

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TCS, Tata Motors, Aster DM Healthcare, RITES have been zoomed in todays intraday trade.

Jan 2 2023 7:47PM

Indian intraday Trading stocks like TCS: The IT major said that a meeting of the board of directors will be held on Monday, 9 January 2023 to considerand approve the audited standalone as well as consolidated financial results for the quarter and nine month periodending 31 December 2022. Tata Motors: The auto major on Friday said that the acquisition of Ford India's (FIPL)manufacturing plant at Sanand, through its subsidiary, Tata Passenger Electric Mobility (TPEML) will be completed on10 January 2023.Aster DM Healthcare: Aster DM Healthcare said that it has entered into a hospital operation and managementagreement (O&M) with Vritika Hospitals (VHPL) & Bharathi Education Trust, for operating and managing G.Madegowda Super Specialty Hospital.RITES: RITES signed a memorandum of understanding (MoU) with KIIFCON to jointly explore, identify, secure andexecute consultancy projects.Engineers India: Engineers India said that the company has signed a memorandum of agreement (MoA) withNumaligarh Refinery (NRL) for jointly developing technology for 'production of aqueous ammonia from ammonia richsour gases' and demonstrate at NRL site.Krishna Institute of Medical Sciences (KIMS): The board of KIMS will meet on Wednesday, 4 January 2023. Thecompany's board will consider raising upto Rs 300 crore through issue of non-convertible debentures (NCDs) in one ormore tranches over a period of time.Punjab & Sind Bank: The public sector lender on Friday announced that its board approved proposal for raising capitalupto Rs 250 crore by various modes, including equity and bonds issuance.Kolte-Patil Developers (KPDL): KPDL said that CRISIL Ratings has assigned its 'CRISIL A+/Stable' rating on proposedlisted, secured, non-convertible debentures (NCDs) of the company.H.G. Infra Engineering: The civil construction company on Friday (30 December 2022) announced that it has beendeclared as lowest bidder (L-1) by Delhi Metro Rail Corporation (DRMC) for a construction project in Delhi.Mishtann Foods: Mishtann Foods on Saturday announced that its board approved raising of funds by way of issue ofequity shares on a rights issue basis for a value not exceeding Rs 150 crore.Shriram Finance: Shriram Finance secured long-term funding of $100 million from the Asian Development Bank(ADB). The External Commercial Borrowing (ECB) is a 5-year loan and is under SFL's Social Finance framework.Vakrangee: Vakrangee has partnered with Digify Televentures to offer sale of refurbished smartphones across itsnetwork.Spandana Sphoorty Financial: The board of Spandana Sphoorty Financial on Friday alloted non-convertibledebentures having face value of Rs 10 lakh each aggregating up to Rs 300 crore in three rounds.

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Direct Tax Collections Up To 10th Jan Higher By 24.58% Over Last Year

Jan 12 2023 6:24PM

The provisional figures of Direct Tax collections up to 10th January, 2023 continue to register steady growth. DirectTax collections up to 10th January, 2023 show that gross collections are at Rs. 14.71 lakh crore which is 24.58%higher than the gross collections for the corresponding period of last year. Direct Tax collection, net of refunds, standsat Rs. 12.31 lakh crore which is 19.55 % higher than the net collections for the corresponding period of last year. Thiscollection is 86.68% of the total Budget Estimates of Direct Taxes for F.Y. 2022-23.So far as the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of gross revenuecollections is concerned, the growth rate for CIT is 19.72% while that for PIT (including STT) is 30.46%. Afteradjustment of refunds, the net growth in CIT collections is 18.33% and that in PIT collections is 21.64% (PIT only)/20.97% (PIT including STT).Refunds amounting to Rs. 2.40 lakh crore have been issued during 1st April, 2022 to 10th January 2023, which are58.74% higher than refunds issued during the same period in the preceding year.

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Tata Motors, APSEZ, Bank of Baroda are concentrated

Jan 12 2023 6:22PM

iondian Intraday Trading stocks like Tata Motors: Tata Passenger Electric Mobility (TPEML) and Ford India (FIPL) had executed a unit transfer agreementon 7 August 2022 for acquisition of Ford India's manufacturing plant situated at Sanand, Gujarat for Rs 725.70 crore.Adani Ports and Special Economic Zone (APSEZ): The consortium of APSEZ and Israel's Gadot Group (Gadot) hascompleted the acquisition of Haifa Port Company (HPC) from the government of Israel.Bank of Baroda: The bank has approved the revision in Marginal Cost of Funds Based Lending Rate (MCLR) with effectfrom 12 January 2023.Uttam Sugar Mills: The board of directors of the company approved the increase/enhancement in the 'DistilleryCapacity (Ethanol)' from 150 KLPD to 250 KLPD at Barkartpur plant and increase/enhancement in the 'Cane CrushingCapacity' from 23750 TCD to 26200 TCD.PC Jeweller: In its business update for the quarter ended 31 December 2022, the company recorded domesticturnover of Rs.829.10 crore as compared to the turnover of Rs.600.18 crore in the corresponding quarter of theprevious year, indicating a growth of more than 38%.Cupid: The company has received a purchase order from United Nations Population Fund (UNFPA) for supply of malecondom and water based lubricant worth Rs 5.21 cror

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LIC, ZEE, Bhel, Thermax have been consentrated

Nov 15 2022 9:12PM

Life Insurance Corporation of India (LIC): The life insurance company reported net premiumof Rs 1.32 lakh crore for the quarter ended September FY23 as compared to net premium ofRs 1.04 lakh crore for the quarter ended September FY22. The net profit for the quarterjumped to Rs 15,952 crore from Rs 1,434 crore last year. The company's other income stoodat Rs 6,795 crore as against Rs 46 crore a year back for the quarter, including refund ofincome tax. Zee Entertainment Enterprises (ZEE): ZEE reported consolidated net profit of Rs112.8 crore in Q2 FY23 as against a net profit of Rs 266.1 crore in Q2 FY22. Total incomeincreased to Rs 2046 crore in Q2 FY23 from Rs 2010.47 crore posted in Q2 FY22.Bharat Heavy Electricals (Bhel): Bhel reported consolidated net profit of Rs 12.10 crore in Q2FY23 as against a net loss of Rs 45.98 crore in Q2 FY22. Revenue from operations increasedmarginally to Rs 4,927.95 crore in Q2 FY23 from Rs 4,910.62 crore posted in Q2 FY22.Glenmark Pharmaceuticals: The company reported 1.4% rise in consolidated net profit to Rs278.7 crore in Q2 FY23 as against a net profit of Rs 274.8 crore in Q2 FY22. Revenue fromoperations increased by 7.2% to Rs 3375.2 crore in Q2 FY23 from Rs 3147.4 crore posted inQ2 FY22.Thermax: Thermax reported 24% rise in consolidated net profit to Rs 109 crore on a 41%increase in operating revenue to Rs 2,075 crore in Q2 FY23 over Q2 FY22.Strides Pharma Science: The drug maker said its biologics arm received a positiverecommendation from European Medicines Agency (EMA) granting market authorization forKauliv. Kauliv is a biosimilar to Forsteo (innovator product), indicated for both men andpostmenopausal women with osteoporosis who are at high risk for having broken bones orfractures.

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Tech Mahindra, APSEZ, Hero MotoCorp, Voltas

Nov 3 2022 5:29PM

Tech Mahindra: On a consolidated basis, the IT major's net profit rose 13.59% to Rs 1,285.40 crore on 3.32% increase in revenue from operations to Rs 13,129.50 crore in Q2 FY23 over Q1 FY23. On a year on year (YoY) basis, Tech Mahindra's net profit declined 4% while revenue jumped 20.7% in Q2 FY23. Adani Ports and Special Economic Zone (APSEZ) : APSEZ reported 65% rise in consolidated net profit to Rs 1738 crore on 33% rise in total revenue to Rs 5211 crore in Q2 FY23 over Q2 FY22. Hero MotoCorp: Hero MotoCorp sold 454,582 units in October 2022. Sales in October 2021 stood at 547,970 units. With festivals of Dussehra and Diwali occurring in the month of October this year, the dispatch sales of October are not comparable to the previous years, when the festival days are usually spread across the months of October and November.

Eicher Motors: Eicher Motors' total motorcycles (Royal Enfield) sales soared 86% to 82,235 units in October 2022 as against 44,133 units sold in the same period last year.

Voltas: Voltas reported consolidated net loss of Rs 6 crore in Q2FY23 as compared to net profit of Rs 104 crore reported in Q2FY22. Total income rose to Rs 1833 crore during Q2FY23 as against Rs 1737 crore recorded in Q2FY22.

Kansai Nerolac Paints: Kansai Nerolac Paints reported consolidated net profit of Rs 111.21 crore in Q2FY23 from net profit of Rs 87.28 crore reported in Q2FY22. Total income rose to Rs 1935.03 crore during Q2FY23 against Rs 1626.12 crore recorded in Q2FY22.

NCC: NCC has received two new orders for Rs 1056 crore (exclusive of GST) in October 2022. All these orders pertain to Water & Environment Division and is received from State Government agencies and does not include any internal order.

 

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Max Healthcare Institute reports over 3-fold jump in Q2 consolidated net profit

Nov 1 2022 5:06PM

Max Healthcare Institute has reported results for second quarter ended September 30, 2022.

 

The company has reported around 5-fold jump in its net profit at Rs 358.64 crore for Q2FY23 as compared to Rs 74.51 crore for the corresponding quarter previous year. Total income of the company increased by 2.81% to Rs 506.30 crore for the quarter under review as compared to Rs 492.46 crore for the same quarter in the previous year.

 

On the consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 457.35 crore for Q2FY23 as compared to Rs 144.65 crore for the same quarter in the previous year. Total income of the company increased by 10.79% to 1,162.94 crore for the quarter under review as compared to Rs 1,049.64 crore for the same quarter in the previous year.

 

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Sun Pharmaceutical Industries reports 8% rise in Q2 consolidated net profit

Nov 1 2022 5:05PM

Sun Pharmaceutical Industries has reported results for second quarter ended September 30, 2022.

 

The company has reported rise of 49.93% in its net profit at Rs 1213.01 crore for Q2FY23 as compared to Rs 809.07 crore for the corresponding quarter previous year. Total income of the company increased by 20.32% to Rs 5,327.00 crore for the quarter under review as compared to Rs 4,427.42 crore for the same quarter in the previous year.

 

On the consolidated basis, the company has reported rise of 8.21% in its net profit at Rs 2,260.17 crore for Q2FY23 as compared to Rs 2,088.73 crore for the same quarter in the previous year. Total income of the company increased by 12.07% to 11037.50 crore for the quarter under review as compared to Rs 9,848.82 crore for the same quarter in the previous year.

 

 

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HFCL gets approval under PLI Scheme

Nov 1 2022 5:03PM

HFCL has received approval on incentive upto Rs 652.79 crore from Small Industries Development Bank of India (SIDBI), Project Management Agency (PMA) and Competent Authority designated by the Government of India on its application for participation in production-linked incentive (PLI) scheme. Supporting Government’s ‘Make in India’ initiative, HFCL has participated in the PLI scheme with an aim to build a digital India driven by innovation and growth and will offer equal social and economic development.

 

There has been a commitment of Rs 4115 crore of investments from all the participating companies under the PLI Scheme, out of which, HFCL has committed an investment of around Rs 425 crore towards development and manufacture of various eligible products under the PLI scheme. The incentive amount will be distributed over a period of 5 years commencing from FY 2022-23 to 2026-27, allowing HFCL to be more competitive globally by adding margin-accretive products under its portfolio.

 

HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its own manufacturing facilities at Solan and Goa, and its subsidiary i.e. HTL facilities in Chennai and Hosur.

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Auto Retail Sales Up More Than 200% On Year In May 2022 Says FADA

Jun 6 2022 7:56PM

The Federation of Automobile Dealers Associations (FADA) released Vehicle Retail Data for May 2022today. On YoY basis, total vehicle retail sales for the month of May 2022 increased by 207%. Allcategories were in green. The 2W, 3W, PV, Tractors and CV were up by 198%, 696%, 204%, 216%and 278% respectively.Auto Retail trade has still not recovered from the jitters of Covid. When compared with May'19, totalvehicle retail was down by -10%. Except PV and Tractor which continues to show growth of 11% and33%, all the other categories like 2W, 3W and CV fell by -14%, -19% and -11% respectively.Government's reduction in fuel prices will tame inflation and boost vehicle sales, especially 2W but theincrease in 3rd party insurance premiums will act as a deterrent for the 2W customers to comeforward and conclude their purchase decision. While the Russia – Ukraine war continues to fuel chipshortage, RBI has warned of more inflation as the increase in wholesale prices will get passed to theconsumer thus decreasing disposable income.

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Debt MFs log Rs 65,372-crore outflows on increasing rate cycle, advance tax payment needs

Nov 1 2022 5:14PM

Debt funds focused on investing in fixed-income securities witnessed an outflow of Rs 65,372 crore in September amid increasing interest rate cycle and redemptions by corporates to pay advance tax. This comes following a net inflow of Rs 49,164 crore in August and Rs 4,930 crore in July, data available with Association of Mutual Funds in India (Amfi) showed.

 

Prior to that, investors pulled out over Rs 70,000 crore from debt mutual funds in April-June due to high inflation and increasing rate cycle.

 

Out of the 16 fixed-income or debt fund categories, 12 witnessed net outflows during the month under review. The heavy withdrawal was seen from segments such as liquid, money market and ultrashort-term duration funds

 

The only categories that witnessed inflows were overnight funds, long duration, gilt funds and gilt fund with 10-year constant duration.

 

Overnight funds category witnessed inflows to the tune of Rs 33,128 crore, long duration saw an inflow of Rs 111 crore, gilt funds and gilt fund with 10-year constant duration also witnessed inflows at a lower level of Rs 6.64 crore and Rs 1.20 crore respectively.

 

"A rising interest rate environment that's been in place since May 2022 has likely resulted in investors preferring to move out of the debt markets in favour of investing in equity," Kavitha Krishnan, Senior Analyst - Manager Research, Morningstar India, said.

 

She further said the overall macro environment has been indicative of a local and global slowdown. While the US Federal Reserve has been on a rate hike cycle, RBI too has been hiking interest rates in an effort to bring inflation under control. Also, a rising dollar has been placing additional pressure on earnings, despite the positive impact that it could have on exporters.

 

Another factor that could have impacted the flows into debt funds is the withdrawal by institutions to meet their obligations towards advance tax payments, she added. The overall sentiment toward debt funds has been to invest in lower-duration funds. This is also evidenced by the positive flows into overnight funds during September.

 

Liquid funds saw a significant outflow of Rs 59,970 crore in this category, followed by money market funds (Rs 11,232 crore) and ultra short duration funds (Rs 8,454 crore).

 

"In the high inflationary scenario, RBI has been increasing the repo rate to tame inflation down, due to which the debt market is likely to be volatile. As the festive season is coming, people need liquidity, which might have affected the increase in outflows," Priya Agrawal, Money Coach, LXME, said.

 

The outflow has pulled down the asset base of debt mutual funds to Rs 12.41 lakh crore by September-end from Rs 13.03 lakh crore at the end of August.

 

On the other hand, equity mutual funds saw net infusion of Rs 14,100 crore during the month under review.

 

The liquid, ultrashort-term, money market and overnight fund categories constitute a substantial portion of the total assets (about 50 per cent) within the debt fund category.

 

Given their significant contribution, even a slight change in the quantum of flows in percentage terms can make a huge difference in the overall flows within the category. The liquid and the overnight categories also stand out because of the magnitude of institutional money that flows into them. PTI SP HVA

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Financials stocks rise

Nov 18 2021 10:20AM

Among the components of the S&P BSE Finance index, Repco Home Finance Ltd (up 2.6%), PunjabNational Bank (up 2.46%),Dhanvarsha Finvest Ltd (up 1.74%),Max Ventures and Industries Ltd (up1.49%),Motilal Oswal Financial Services Ltd (up 1.45%), were the top gainers. Among the othergainers were Piramal Enterprises Ltd (up 1.2%), Aditya Birla Money Ltd (up 1.12%), EdelweissFinancial Services Ltd (up 1.1%), Bajaj Finance Ltd (up 1.04%), and Equitas Holdings Ltd (up0.99%).On the other hand, SREI Infrastructure Finance Ltd (down 4.91%), Share India Securities Ltd (down3.13%), and Poonawalla Fincorp Ltd (down 2.8%) turned lower.At 09:50 IST, the S&P BSE Sensex was down 103.3 or 0.17% at 59905.03.The Nifty 50 index was down 41.15 points or 0.23% at 17857.5.The S&P BSE Small-Cap index was down 79.18 points or 0.27% at 29164.46.The S&P BSE 150 Midcap Index index was down 43.05 points or 0.47% at 9117.97.On BSE,1378 shares were trading in green, 1345 were trading in red and 132 were unchanged.

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Canara Bank extends losing run to seventh trading session

Nov 17 2021 7:28PM

Shares of Canara Bank have declined 9.5% in seven trading sessions from its previous closing high of Rs 244.25posted on 8 November 2021. The counter hit a 52-week high of Rs 247.60 on 9 November and before succumbing toselling pressure. The stock is up 140% from its 52-week low of Rs 92 posted on 17 November 2020.Meanwhile, India Ratings & Research upgraded Canara Bank's AT1 Bonds to ‘IND AA+' with a stable outlook. Theratings agency also affirmed IND AAA rating on company's long term issuer rating and company's Basel III Tier 2instrument with a stable outlook.On the technical front, the stock's RSI (relative strength index) stood at 57.647. The RSI oscillates between zero and100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.The stock is trading above its 50 and 100 days simple moving average placed at 188.64 and 170.91 respectively.These levels will act as crucial support zones in near term.Incorporated in 1906, Canara Bank was merged with erstwhile Syndicate Bank (e-SB) on 1 April 2020 to form thethird-largest public sector bank and the fourth-largest bank in the Indian banking system with a total asset base of Rs11.9 lakh crore as on 30 September 2021.The state-run bank's net profit surged 199.86% to Rs 1,332.61 crore on 2.59% increase in total income to Rs21,331.49 crore in Q2 FY22 over Q2 FY21.

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Manappuram Finance drops after Q2 FY22 PAT falls 9% to Rs 370 cr

Nov 15 2021 6:57PM

Manappuram Finance tumbled 9.75% to Rs 197.10 after the company's consolidated skid fell 8.8% to Rs369.88 crore on a 1.5% decline in total income to Rs 1,554.42 crore in Q2 September 2021 over Q2September 2020.Consolidated profit before tax dropped 9.1% to Rs 495.03 crore in Q2 September 2021 as against Rs544.41 crore in Q2 September 2020.On a segmental basis, revenues from Gold loans and Others declined 9.17% to Rs 1,199.83 in Q2FY22 as compared to Rs 1,321.10 crore in Q2 FY21. Revenues from Microfinance grew 38.07% to Rs354.59 crore in Q2 September 2021 from Rs 256.81 crore in Q2 September 2020.The board has declared an interim dividend of Rs 0.75 per equity share of face value Rs 2. Thecompany has fixed Thursday, 25 November 2020 as the record date to ascertain the entitlement ofinterim dividend among the shareholders and dividend/ dividend warrants shall be paid or dispatchedon or before 11 December 2021.Meanwhile, the board has appointed Shailesh Jayantilal Mehta as the chairperson of ManappuramFinance.Manappuram Finance is a gold loans offering non-banking financial company, engaged in providingfinance against used household gold ornaments.

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Tata MF introduces Floating Rate Fund

Jun 22 2021 12:36AM

Tata Mutual Fund (MF) has launched the Tata Floating Rate Fund, an open-ended debt scheme investing predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives). The NFO opens for subscription on June 21, 2021 and closes on July 05, 2021. The Entry load is not applicable for the scheme. The Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000 & in multiples of Re 1 thereafter.
The performance of the scheme shall be benchmarked to the CRISIL Ultra Short-Term Debt Index and its fund managers is Akhil Mittal.
The investment objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.


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Nippon India MF introduces Nifty Pharma ETF

Jun 22 2021 12:35AM

Nippon India Mutual Fund (MF) has launched the Nippon India Nifty Pharma ETF, an open-ended scheme replicating/ tracking NIFTY Pharma Index. The NFO opens for subscription on June 21, 2021 and closes on June 28, 2021. The Entry load and the Exit Load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 & in multiples of Re 1 thereafter.
The performance of the scheme shall be benchmarked to the Total Return (TRI) and its fund managers is Mehul Dama.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the NIFTY Pharma Index before expenses, subject to tracking errors.


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ICICI Pru MF declares IDCW FMP-Series 83-1108 Days Plan H

Jun 18 2021 7:25PM

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Fixed Maturity Plan-Series 83-1108 Days Plan H. The record date for the same is June 23, 2021. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.0500 each under Direct Plan-Quarterly IDCW, Half Yearly IDCW and Direct Plan-Half Yearly IDCW.
The units of the Scheme are listed on BSE. The trading of units of the Scheme will be suspended on BSE with effect from closing hours of trading of June 20, 2021. For the purposes of redemption proceeds, the record date for the Scheme shall be June 23, 2021.



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ICICI Pru MF declares IDCW Equity Savings Fund

Jun 16 2021 9:41PM

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Equity Savings Fund. The record date for the same is June 21, 2021. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.22 each under Half Yearly IDCW and Direct Plan-Half Yearly IDCW.



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Indian Rupee: Seen Rebounding In Opening Trades

Feb 2 2023 3:06PM

The Indian rupee is seen rebounding in opening trades on Thursday, as dollar turned sharply lower overnight. Thedollar index that measures the greenback against a basket of currencies is seen lingering below 101 mark after amuch moderate quarter point interest rate hike by the Federal Reserve. Positive regional equities following rally onWall Street are also likely to support the domestic currency. On Wednesday, rupee pared initial gains and endedBudget day marginally lower. At the interbank foreign exchange market, the rupee opened at 81.83 against thegreenback and finally settled at 81.93, down 5 paise over its previous close.

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Indian Rupee: Likely To Stay Cautious In Opening Trades

Jan 25 2023 10:38PM

The Indian rupee is likely to stay cautious against the dollar on Wednesday amid unabated foreign fund outflow.Dollar is also seen recovering in early Asian trades that could weigh down the local unit. Domestic shares may open atad lower on Wednesday as investors may choose to remain on the sidelines ahead of the derivative expiry, theRepublic Day holiday on Thursday and the Union Budget due to be unveiled next week. On Tuesday, rupee fell 28paise to close at 81.70 against the US dollar. At the interbank foreign exchange market, the rupee opened lower at81.61 to a dollar against the previous close of 81.42

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Indian Rupee: Likely To Extends Gains

Jan 23 2023 10:07PM

The Indian rupee is likely to extend gains on Monday, as dollar continues to stay under pressure around seven-monthlows amid concerns of a U.S. economic slowdown. The Dollar Index, which tracks the greenback against a basket ofsix other currencies, continued to linger below 102 mark. Asian stocks traded mixed in thin trade, with markets inmainland China, Hong Kong, Singapore and Seoul closed for Lunar New Year celebrations. On Friday, rupeeappreciated 18 paise to close at 81.18 against the US dollar. At the interbank foreign exchange market, the local unitopened strong at 81.24, and settled for the day at 81.18 (provisional), registering a rise of 18 paise over its previousclose.

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US Existing Home Sales Fall 1.5% In December

Jan 23 2023 10:05PM

The National Association of Realtors released a report on Friday showing a continued decline in U.S. existing homesales in the month of December, although the decrease was much smaller than economists had expected. NAR saidexisting home sales slumped by 1.5 percent to an annual rate of 4.02 million in December after plunging by 7.9percent to a revised rate of 4.08 million in November. Existing home sales retreated for the eleventh consecutivemonth and are down by 34.0 percent compared to the same month a year ago.The report said housing inventory totaled 970,000 units at the end of December, down 13.4 percent from 1.12 millionunits in November but up 10.2 percent from 880,000 a year ago. The unsold inventory represents 2.9 months ofsupply at the current sales pace, down from 3.3 months in November but up from 1.7 months in December 2021. Themedian existing home price fell 1.5 percent to $366,900 in December from $372,600 in November but was up 2.3percent year-over-year.

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Gold Stays Supported in Early Asia

Jan 19 2023 10:55PM

Gold prices were seen recovering slightly in early Asia on Thursday as dollar steadied near 102 mark following weak economic data from the US. The Commerce Department said retail sales tumbled by 1.1 percent in December after slumping by a revised 1.0 percent in November. Meanwhile, industrial production in the U.S. decreased by much more than expected in the month of December. The Fed said industrial production slid by 0.7 percent in December after falling by a revised 0.6 percent in November. The dollar index that measures the greenback against a basket of currencies was down marginally at 102.06. COMEX gold was quoting at $1912.20, up 0.27% on the day

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Indian Rupee: Likely To Stay Under Pressure

Jan 18 2023 12:12AM

The Indian rupee is likely to stay under pressure on Tuesday, tracking modest rebound in the US dollar overseas.Moreover, subdued domestic equities tracking weak Asian peers after China reported its second-lowest annualeconomic growth in almost 50 years is also expected to weigh down the local unit. On Monday, rupee settled 21 paiselower at 81.61 against the US dollar. At the interbank foreign exchange market, the rupee opened on a positive noteat 81.29 against the greenback, but pared the gains and fell to an intra-day low of 81.73.

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Energy Preview: WTI Crude Holds Near One-Week High

Jan 12 2023 6:28PM

Crude oil futures are seen listless in early Asia on Thursday, although the commodity holds near one-week highsawaiting US consumer prices data. Dollar also stays subdued on expectations that inflation data from the US maypoint to easing that would weigh on the greenback and support oil prices. Besides, improving demand outlook in topcrude importer China following the end of the country's zero-Covid policy is also keeping oil supported near $77 perbarrel mark. Currently, the counter is quoting at $77.39 per barrel, down marginally on the day.

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Indian Rupee: Seen Rebounding Further Amid Dollar Weakness

Jan 12 2023 6:26PM

The Indian rupee sees further rebound in opening trades on Thursday, tracking weakness in dollar and improvingsentiments in equities. The dollar index slipped below 103 mark while Asian stock markets are trading mostly higheron Thursday, following the broadly positive cues from global markets overnight, as the markets reflected optimismabout the highly anticipated US consumer price inflation report due later today. On Wednesday, rupee gained 18 paiseto close at 81.56 (provisional) against the US dollar. At the interbank foreign exchange market, the local unit openedat 81.73 and touched an intra-day high of 81.52 and a low of 81.82 against the greenback.

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Mid-Session: Nifty below 17,550 mark, metal stocks lose shine

Feb 2 2023 3:08PM

Indian Intraday trading stock frontline indices traded with modest losses in morning trade. The Nifty traded below the 17,550 mark after hitting theday's high of 17,653.90 in morning trade. FMCG, IT and media scrips advanced while oil & gas, metal and financialservices shares tumbled. At 10:30 IST, the barometer index, the S&P BSE Sensex, was down 178.11 points or 0.30%to 59,529.97. The Nifty 50 index lost 90.90 points or 0.52% to 17,525.40.In the broader market, the S&P BSE Mid-Cap index fell 0.08% while the S&P BSE Small-Cap index gained 0.68%.The market breadth was positive. On the BSE, 1,736 shares rose and 1,405 shares fell. A total of 129 shares wereunchanged.The US Federal Reserve hiked its key interest rate by 25 basis points on Wednesday, taking the rate to a target rangeof 4.50-4.75%. Further, the Fed signaled that even though inflation is easing, it remains high enough to requirefurther rate hikes.Earnings Today:Housing Development Finance Corporation (HDFC) (down 1.99%), Tata Consumer Products (down 0.63%), TitanCompany (up 0.36%), Aditya Birla Capital (up 1.55%), Dabur India (down 0.98%), Godrej Properties (down 0.52%),Apollo Tyres (up 1.05%), Bajaj Electricals (down 1.33%), Berger Paints India (down 0.19%), Birlasoft (down 8.09%),Cera Sanitaryware (up 1.60%), Coromandel International (up 0.85%), Aegis Logistics (up 0.21%), Crompton GreavesConsumer Electricals (up 1.77%), Deepak Fertilisers (up 2.13%), Karnataka Bank (up 1.95%), Max India (up 1.48%),SIS (up 0.54%), Ujjivan Small Finance Bank (up 0.52%), and Welspun Corp (up 3.31%) will announce their quarterlyearnings later today.Buzzing Index:The Nifty Metal index slipped 2.69% to 6,011.05. The tumbled 7.07% in the two trading sessions.Adani Enterprises (down 6.54%), Jindal Steel & Power (down 4.78%), Tata Steel (down 2.62%), Hindalco Industries(down 1.21%), Steel Authority of India (down 1.01%), JSW Steel (down 0.99%), National Aluminium Company(down 0.55%), Hindustan Copper (down 0.34%), MOIL (down 0.03%) slumped.On the other hand, Hindustan Zinc (up 3.4%) ,Welspun Corp (up 2.34%) and APL Apollo Tubes Ltd (up 2.25%) edgedhigher.Adani Enterprises dropped 6.54% after the company's board on Wednesday (1 February 2023) decided to call off theRs 20,000 crore follow-on public offer (FPO).A press release issued by the conglomerate late on Wednesday stated, "Given the unprecedented situation and thecurrent market volatility the company aims to protect the interest of its investing community by returning the FPOproceeds and withdraws the completed transaction."Stocks in Spotlight:Britannia Industries jumped 3.75% after the company's consolidated net profit surged 151.2% to Rs 932.39 crore on16.2% increase in net sales to Rs 4,101.49 crore in Q3 FY23 over Q3 FY22.Tata Chemicals shed 0.60%. The company reported 27% rise in consolidated net profit to Rs 432 crore on a 32%increase in revenue to Rs 4,148 crore in Q3 FY23 over Q3 FY22. The company said that the soda ash realisationsrobust across geographies. Cost environment is stabilizing and likely to stay at the current levels in the near term, itadded.IDFC rose 1.95 and IDFC First Bank advanced 2.74%. IDFC said on Wednesday that it is investing Rs 2,200 crore inIDFC First Bank to increase its stake in the bank to 40% from 36.38% currently. This will provide growth capital toIDFC First Bank, the company said in a statement.Further, the IDFC board has declared a special interim dividend of Rs 11 per share, due to which the Government ofIndia, the largest shareholder in IDFC, would receive a payout of Rs 287 crore

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LME Inventory

Apr 12 2017 1:51PM

       COPPER: -850 MT

       ZINC: -1850 MT

       LEAD: -1025 MT

       NICKLE: -1194 MT

       ALUMINIUM: -13575 MT

LME Cancelled Warrants

       COPPER: -[0.05]

       ZINC: -[0.18]

       LEAD: -[]

       NICKLE: -[0.08]