MARKETS: Indices end choppy trade higher; Sensex up 144 pts; RIL sinks 9%

All that happened in the markets today

12:53 PM

DLF shares gain 7% as demand picks up in September quarter

Shares of DLF moved higher by 7 per cent to Rs 170 on the BSE in intra-day trade on Monday after real estate developer said the residential business was witnessing green shoots of demand with consumer interest witnessing rising trends. READ MORE 

12:45 PM

Sept Quarter Result | Whirlpool

>> Cons profit at Rs 135 crore

>> Revenue at Rs 1,599 crore

>> Cons EBITDA at Rs 181 crore

12:34 PM

DLF, ICICI Bank: How to trade these stocks post Q2 nos

The benchmark indices were subdued in the afternoon deals on Monday; however, a number of stocks were trading actively post their September quarter results, which were announced during the weekend or post-market hours on Friday. Here's a look at what technical charts indicate for some of the stocks post their Q2 numbers. READ MORE

12:24 PM

Shriram Transport Finance soars 10% in sharpest intra-day rally in 6 months

Shares of Shriram Transport Finance Company rallied 10 per cent to Rs 762 on the BSE on Monday after brokerages maintained 'buy' rating on the stock post the July-September quarter (Q2FY21) results. The stock recorded its sharpest intra-day gain in the past six months. Earlier, on April 30, 2020, it had rallied 15 per cent in intra-day trade on the BSE. READ MORE

12:14 PM

Bad debt will hinder India's economic recovery: Ex-RBI Guv Subbarao

The problem though is that Prime Minister Narendra Modi has very little resources to help the banks after pledging money to fight the pandemic’s fallout, the ex-central bankers say in the book, “Pandemonium: The Great Indian Banking Tragedy”. The reason: falling revenues that are seen causing the fiscal deficit to blow out to double that budgeted. READ MORE

12:04 PM

NMDC jumps 3% on report co to consider share buyback

>> According to a Reuters report, Company may consider buyback on Nov 10

11:59 AM

Analysts slash FY22 profit estimates; telecom, PSU banking firms suffer

The corporate landscape has undergone a sea change due to Covid-19. And, so have analysts’ expectation from companies operating in various sector. An analysis done by Motilal Oswal Financial Services (MOFSL) shows, health care and technology are the only two sectors which have seen an upgrade in FY22 earnings. READ MORE

11:47 AM

BUZZING STOCK | DLF gains over 6%

11:43 AM

BROKERAGE VIEW | Anand Rathi Shares on Orient Cement

RATING: BUY | TARGET PRICE: Rs 750 

Recent capital raise has strengthened the balance sheet and we see the bank gradually improving its profitability as credit costs normalize (RoA of 1.6% by FY22E). The stock trades at inexpensive valuations and we find risk-reward favourable. Upgrade to BUY with a target price of Rs 750 (valuing the bank at 1.25x FY22e P/BV and 10 FY22E P/E). Sharper than expected rise in impaired assets remain a risk to our estimates. 

11:38 AM

Top losers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
JINDAL STAIN.	59.00	-5.68
JUST DIAL	618.00	-5.28
RELIANCE INDUSTR	1947.85	-5.18
SUZLON ENERGY	3.52	-4.86
VAKRANGEE	26.90	-4.78

11:29 AM

Revenues and profit surge for broking houses in September quarter

The uptick in the markets and a healthy addition of new clients have led to a spurt in profits for broking houses. Most players have reported strong growth in both revenues and profits for the quarter ended September 30 over the April-June period, which also was a good quarter. ICICI Securities, the biggest listed broking outfit, reported a 32 per cent increase quarter-on-quarter (QoQ) in net profit to Rs 324 crore for its broking and distribution business on revenue of Rs 603 crore in the September quarter. READ MORE

11:19 AM

Is RIL's dream run at the bourses over? Check what technical charts suggest

The sentimental level of Rs 2,000 mark is crucial for the road ahead for this stock and will pave the way for the near-term sentiment. As of now, RIL has been trading in a narrow range amid buy and sell trades. READ MORE 

11:10 AM

BROKERAGE VIEW | Centrum Broking on Cement sector

We retain our BUY rating on Ambuja Cement, Orient Cement and Star Cement while have upgraded Ultratech to BUY from ADD earlier in our 2QFY21 update. We assign Add rating to ACC and Heidelberg Cement. We maintain our Reduce rating on Ramco Cements and JK Cement (JKCE) to Reduce (largely due to valuation concerns). We maintain our Sell rating on JK Lakhsmi Cement, Shree Cement and India Cements.

11:09 AM

Factory output hits decade high in October as demand bounces back: PMI

Asia's third-largest economy is healing after shrinking a record 23.9 per cent in the April-June quarter. The Indian government has removed most restrictions imposed to control the spread of the virus, though infections continue to climb and now number over 8 million people. READ MORE

10:59 AM

Bharti Airtel rings louder than Reliance Jio in net subscriber additions

After having stood its ground for four years from Reliance Jio’s sustained onslaught, Bharti Airtel is now hitting back on many fronts: subscriber additions, defending and expanding its postpaid customer base, taking on Jio in broadband fiber-to-the-home (FTTH), and developing its own 5G open radio access network in collaboration with partners. READ MORE