MARKET WRAP: Indices pare gains, Sensex ends 70 pts higher; Airtel up 9%

All that happened in markets today.

11:14 AM

Bajaj Finance, Symphony: 10 stocks that have zoomed over 5,000% in 10 years

A quick analysis of the BSE 500 stocks’ return over the past 10 years reveals an interesting picture. As many as 63 stocks have zoomed over 1,000 per cent during this period. Avanti Feeds and Caplin Point Laboratories top this list with an astounding rally of over 39,000 per cent and 21,000 per cent respectively on an absolute basis, ACE Equity data show.

 

Bajaj Finance, Symphony, PI Industries, Atul Auto, Astral Poly Technik, Relaxo Footwears and Ajanta Pharma are some of the other stocks that have gained over 5,000 per cent on an absolute basis during this period. READ REPORT HERE

11:06 AM

ONGC trades lower post weak Q2 result

ONGC on Thursday reported a 36.2 per cent drop in second quarter net profit as it faced double whammy of fall in oil production and drop in prices.

10:57 AM

PSBs gain up to 17% as SC sets aside NCLAT judgement in Essar Steel case

Shares of public sector undertaking (PSU) banks inched higher at the bourses on Friday, with the Nifty PSU Bank index gaining more than 3 per cent after the Supreme Court said the NCLAT cannot interfere with the commercial decisions taken by banks in Essar Steel case.

 

According to reports, while pronouncing the judgement, the Court set aside the NCLAT's judgment and said there was "no doubt that the ultimate discretion on distribution is with Committee of Creditors (CoC)" READ MORE

10:38 AM

AGR woes: Voda Idea hits record low post Rs 51K cr loss in Q2; Airtel gains up to 5%

Vodafone Idea reported a massive pre-tax loss of Rs 36,959 crore for the July-September quarter, against a loss of Rs 4,974 crore in the year-ago quarter while the loss in the June quarter was Rs 4,874 crore. It provisioned for Rs 27,610 crore on account of licence fees and Rs 16,540 crore, including interest and penalties on interest, related to spectrum usage charges (SUC) up to September 30, 2019, the company's financial statement show. READ MORE

10:29 AM

NEWS ALERT | UPL to acquire Chinese co Yoloo Biotech in all-cash deal for $13.3 million: BSE Filing

-- UPL wil hold 75% and Beijing Yoloo 25% in Yoloo Biotech.

-- The acquisition is expected to be completed by April 2020

10:23 AM

Vodafone Idea recovers 24.5% from day's low

10:22 AM

Market check

10:21 AM

Chart check: Here's how metal stocks have fared at the bourses

Thus far in the calendar year 2019 (CY19), most metal counters have performed poorly at the bourses. While the benchmark Nifty50 index has gained around 10 per cent, shares of metal companies such as Nalco, SAIL, Hindustan Zinc, Vedanta, and Tata Steel have tumbled up to 30 per cent during the period. READ MORE  

9:59 AM

BROKERAGE RADAR | ICICI Securities on Grasim Inds

Management expects the pressure on prices in both businesses to continue in near term. Besides, the management indicated the company would like to maintain its current shareholding in consolidating subsidiaries (UTCEM and ABCL) and there are no corporate guarantees / commitments given by the company to fund VIL operations. Factoring lower margins in core businesses, we cut our FY20E-21E EBITDA 17% and target price to Rs830/share (earlier: Rs940) based on 7x Sep’21E EV/E (half-yearly rollover) and assuming 60% holdco discount. Downgrade to ADD.

9:57 AM

BUZZING STOCK | RPG Life surges nearly 5%

9:51 AM

Top 5 gainers on the BSE at present

9:49 AM

Momentum Picks by ICICI Securities

9:24 AM

ONGC up 1% post Q2 results

9:23 AM

Vodafone Idea plunges 10% after reporting biggest-ever loss in India Inc history

9:21 AM

BUZZING STOCK | Bharti Airtel surges over 1% despite Q2 loss