Sensex settles 86 points higher at 43,443 levels, gains 11% in Samvat 2076

All that happened in the markets today.

10:11 AM

Rupee opening

Rupee opens higher at 73.62/$ vs Thursday's close of 74.65 against the US dollar

10:08 AM

BROKERAGE VIEW | IDBI Capital on Jubilant FoodWorks

RATING: HOLD | TARGET PRICE: Rs 2,350 

Jubilant Foodworks (JUBI) has reported above expected result for Q2FY21. JUBI witnessed strong recovery in revenue (compared to last year) from 70% in Jul’20 to 92% in Sep’20 and 96% in Oct’20. This was driven by faster recovery in delivery and takeaway channel. To further improve convenience in takeaway channel; JUBI has launched drive and pick facility during 2QFY21 (customer’s won’t have to step-out from their cars). Gross margin improved significantly led by low discounting intensity, deflationary raw material environment, and introduction of delivery fees. Cost efficiencies (lower employee and other expense) drove EBITDA margin expansion. Based on revised outlook on gross margin, we have changed our EPS estimates for FY21-22 by 20%/4% respectively. We have introduced FY23E in our estimates. We upgrade our valuation multiple to 50x (as per DCF) FY23E EPS and arrive at a target price of Rs 2,350. We upgrade our rating to HOLD.

10:02 AM

Adani Green continues to soar; up another 5%

9:54 AM

Dhanteras 2020 :: Gold, silver lose sheen as prices down marginally

"Gold and silver prices are expected to trade in the current range during the current festival days where retail investors and buyers will face less volatility," HDFC Secu­rities Senior Analyst (commodities) Tapan Patel said. He also added that jewellers in India are bracing for festival sales on the auspicious day of Dhan­teras. Dhanteras, considered the most auspicious day in Hindu calendar for buying items ranging from precious metals like gold and silver to utensils, is being celebrated on Thursday and Friday this year. READ MORE

9:45 AM

Top value creators in Samvat 2076

Laurus Labs, Alkyl Amines Chemicals, Granules India, JB Chemicals and Pharmaceuticals, Dixon Technologies, Tata Communications, Vodafone Idea, Deepak Nitrite, Amber Enterprises and Escorts were among 22 stocks from the S&P BSE500 index have seen their market values more-than-double during Samvat 2076. READ MORE

9:34 AM

Jubilant FoodWorks gains in trade post Sept qtr result

9:32 AM

Dredging Corp leaps 5% in a weak market

9:31 AM

TCS dips around a per cent

>> Tata Consultancy Services Ltd. agreed to acquire Pramerica Technology Services from insurance giant Prudential Financial Inc., as per reports, helping the insurer cut costs to counter low interest rates and the coronavirus fallout.

9:28 AM

Cochin Shipyard trades in the green post Q2 nos

9:26 AM

Grasim Industries hits 52-week high in early deals

>> Aditya Birla Group firm Grasim Industries on Thursday reported a 3.30 per cent increase in consolidated net profit at Rs 1,521.40 crore for the second quarter ended September 2020. The company had posted a net profit of Rs 1,472.77 crore during the July-September quarter of the previous fiscal. Further, the company said it will sell its fertiliser business, Indo Gulf Fertilisers (IGF), by way of a slump sale to Indorama India Private Ltd (IIP) for a cash consideration of Rs 2,649 crore.

9:25 AM

Result Reaction | Eicher Motors gains over 2% in a weak market

>> Eicher Motors on November 12 reported a 40 percent decline in consolidated net profit at Rs 343.34 crore in the second quarter ended September 30. The company had posted a net profit of Rs 572.69 crore in the corresponding quarter last fiscal, Eicher Motors said in a regulatory filing.

9:23 AM

Wipro trades mildly in the red

>> IT services company Wipro, which had appointed a new CEO & MD to helm the company, has announced a new structure and a new operating model to support the firm in the next phase of its journey. The changes will be effective January, the Bengaluru-based firm said in an exchange filing.

9:21 AM

Reliance Industries supports markets

>> Reliance Industries Limited (RIL) announced on Thursday that it has entered into a definitive agreement for making capital contribution of up to $50 million in Breakthrough Energy Ventures II, L.P. (BEV), a limited partnership, newly incorporated under the Delaware State Laws, the US.

9:20 AM

Sectoral trends :: Markets turn to defensives; Nifty Pharma up 0.8%

9:18 AM

Sensex Heatmap at Open