MARKET WRAP: Sensex surges 449 points on buying in financial, FMCG counters
All that happened in the markets today
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In the broader market, the S&P BSE MidCap index ended at 14,706, up 0.58 per cent.
2:00 PM
Equitas Small Finance Bank IPO: Near-term risks may limit listing gains
After two hiatuses, the initial public offer (IPO) of Equitas Small Finance Bank is set to open on Tuesday, October 20 with a price band of Rs 32-33 per share. At the upper price limit, the bank intends to raise up to Rs 517.6 crore to augment its tier-I capital base to meet the future capital requirement. Equitas SFB had earlier planned to raise Rs 1,000 crore through the IPO, but later reduced the size due to its “comfortable capital adequacy ratio” and “in view of the current market condition”. READ MORE
1:45 PM
NEWS ALERT :: Finance Minister holds meeting on capex plans for FY21
1:44 PM
» More on Top Gainers
Top gainers on BSE at this hour
COMPANY | PRICE(rs) | CHG(%) |
---|---|---|
CENTRAL BANK | 11.23 | 9.99 |
BANK OF MAHA | 12.15 | 9.16 |
AMBER ENTERP. | 2350.00 | 7.79 |
IIFL FINANCE | 80.85 | 7.09 |
BANK OF BARODA | 43.05 | 6.69 |
1:38 PM
Sept Quarter Result | Hatsun Agro's Q2 profit jumps from Rs 25 cr to Rs 66 cr YoY
>> Board approves issue of bonus shares
1:32 PM
Cosmo Films surges 9% as Board to consider share buyback plan
Rs 468 on the BSE on Monday after the company announced a share buyback plan. "A meeting of board of directors of the Company is scheduled to be held on Monday, October 26, 2020 to consider the proposal for buy-back of equity shares of the Company and other matters necessary/incidental thereto," Cosmo Films said in a exchange filing today. READ MORE
1:22 PM
Sept Quarter Result | Bank of Maharashtra posts net profit at Rs 130 cr
>> Loan growth at 21.3% YoY
>> Net interest income at Rs 1,120 cr
>> NNPA at 3.3%, GNPA at 8%
>> Net interest income at Rs 1,120 cr
>> NNPA at 3.3%, GNPA at 8%
1:17 PM
European indices start on a strong footing
1:09 PM
RESULTS TODAY:: Here's what analysts expect from Britannia's Q2FY21 results
Analysts at Edelweiss Securities estimate Britannia’s revenue, earnings before interest, taxes, depreciation, and amortisation (EBITDA) and net profit (PAT) to jump 15 per cent, 31.8 per and 23.8 per cent year-on-year (YoY), respectively. It expects the company to post volume growth of nearly 12 per cent YoY on a base of 3 per cent (Q1FY21 saw 21.5 per cent volume growth on a base of 3 per cent). "On the margin front, raw material trend is benign and that combined with operating leverage and cost efficiencies will aid EBITDA margin; hence, we estimate 240bps YoY margin expansion," the brokerage said in a result preview note. READ MORE
12:57 PM
DMart sales recover from June lows though volumes remain sub-par
While sales were down 12 per cent lower than year ago quarter it was better than the 34 per cent dip reported in the June quarter. Led by sales of staples and fast moving consumer goods (FMCG), the company achieved over 87 per cent of the sales in September as compared to the year ago period. READ MORE
12:47 PM
Consistent revenue growth to remain key for Mindtree stock: Experts
The Mindtree stock was one of the biggest losers among mid-cap IT companies, shedding nearly 7 per cent in trade on Friday. The dip in stock value was due to lower-than-expected revenue performance in the September quarter, weak deal wins, and higher exposure to Covid-19-hit verticals. Though dollar revenue growth of 3.1 per cent on a sequential basis in the quarter was broad-based, it was lower than Street estimates. READ MORE
12:35 PM
NEWS ALERT | Blackstone looks set to acquire L&T MF for approx Rs 3,200 cr
Blackstone looks set to acquire L&T MF for approx Rs 3,200 cr after both Blackstone & L&T Fin resolve valuation mismatch
(As per CNBC-TV18 report)
(As per CNBC-TV18 report)
12:31 PM
Jet Airways extends gain after CoC nod for revival plan; up 47% in 8 days
Shares of Jet Airways (India) hit the upper circuit of 5 per cent at Rs 42.15 on the BSE on Monday, after the committee of creditors (CoC) of the company approved the resolution plan of consortium of Kalrock Capital–Murari Lal Jalan. The stock was trading higher for the eight straight day and has rallied 47 per cent as compared to 2 per cent decline in the S&P BSE Sensex during this period. Till 11:19 am, a combined around 24,000 shares changed hands and there were pending buy orders for 2.28 million shares on the BSE and NSE. READ MORE
12:24 PM
Top losers on the BSE at this hour
12:16 PM
Recovery of shadow banks in doubt as lenders take a hit from Covid-19
Signs of a recovery for India’s troubled shadow banks have taken a step backward as concerns reemerged about the true impact of the pandemic on the lenders. Average spreads on the lenders’ AAA rated five-year bonds rose for the first time in four months in September. Of three other gauges tracking shadow bank sector health compiled by Bloomberg, two including banking system liquidity and outstanding debt weakened, while a share performance index stayed put. READ MORE
12:08 PM
MARKET UDATE | GAIL up over 3%
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First Published: Oct 19 2020 | 7:52 AM IST