MARKET WRAP: Indices trim gains, Sensex ends 277 pts higher; DHFL jumps 32%

All that happened in markets today

1:59 PM

Pidilite Industries gains post Q1 results

1:57 PM

Pidilite Industries Q1 results

-- Net profit at Rs 292.9 cr

-- Revenue at Rs 2,016.8 cr

-- EBITDA at Rs 443.6 cr

-- EBITDA margin at 22%

1:53 PM

Arvind Ltd slips over 4% post Q1 results announcement

- Net profit slips 59% YoY to Rs 24.39 crore; 

 

- Revenue rises 5% YoY to Rs 1,896.45 crore 

1:48 PM

Zee Entertainment slips 25% in seven days, trades near 52-week low

Shares of Zee Entertainment Enterprises (ZEEL) were trading lower for the seventh straight session on Tuesday. The stock slipped 8 per cent to Rs 305 on the BSE in the intra-day trade in an otherwise firm market. The stock of media & entertainment company was trading at its lowest level since January 25, 2019 and was 5 per cent away from its 52-week low of Rs 289 touched on the same day. READ MORE

1:42 PM

Earnings Alert | Hawkins Cooker Q1 net up 28% YoY at Rs 13.7 cr

- Revenue rises 17.7% at Rs 142.1 cr

-EBIDTA up 31.6% at Rs 22.1 cr

- Ebidta margin at 15.5% vs 13.9%

1:28 PM

BUZZING STOCK | AB Fashion trades 4% higher post Q1 results

- Net profit at Rs 22 cr against Rs 6 cr in the year-ago period

1:11 PM

Sensex gains over 300 pts, breaches 37,000 level

12:54 PM

Mangalam Cement stock zooms 20% on robust June quarter results

Shares of Mangalam Cement were locked in the upper circuit limit of 20 per cent at Rs 263 on the BSE on Tuesday after the company reported a record quarterly net profit of Rs 33 crore for June quarter (Q1FY20). The company had posted a net loss of Rs 15 crore in the year-ago quarter. READ MORE

12:46 PM

Alkyl Almines Chemicals surges 12% post June quarter results

12:44 PM

Nifty sectoral indices at this hour

12:35 PM

ICICI Securities on Mangalore Refinery & Petrochem

The merger discussions between Mangalore Refinery and Petrochemicals (MRPL) and HPCL (Hindustan Petroleum) have been at an ongoing stage for a long time but no decision is yet to be taken. Clarity on the valuations and merger ratio is important and still awaited. On the business front, MRPL has capex plans for two major projects for further expansion of its capacity from 15 MMTPA to 18 MMTPA and upgradation of refinery to meet BS-VI norms. However, taking into account the subdued operational performance and its impact on medium-term profitability, we value the stock at 5x FY21E EV/EBITDA multiple to arrive at a target price of Rs 50.

12:33 PM

NEWS ALERT | DHFL board approves seeking funding from banks/NHB to start retail funding: BSE filing

-- Resolution plan says there will be no principal haircuits to any creditors
 

-- Board OKs steps/measures to address aligning asset-liability mismatch

--Board approves moratorium on repayments

 

 

12:33 PM

Edelweiss Securities on Aditya Birla Capital

ABCL (Aditya Birla Capital) has been reporting steady performance, but headwinds and the challenging environment demand caution with respect to a few segments—real estate, Loan Against Shares (LAS) and structured finance. Hence, we have lowered our trading multiple in the financing business to factor this risk, leading to revised TP of Rs 121. We maintain ‘BUY/SO’.

12:16 PM

IndiGo dips 5% as Gangwal alleges 'loophole' in proposed board structure

Shares of InterGlobe Aviation, the parent company of IndiGo airline, slipped 5 per cent to Rs 1,413 on the BSE in early morning deals on Tuesday after co-founder Rakesh Gangwal alleged that the new structure of the IndiGo board will only add to the powers of InterGlobe Enterprises -- owned by fellow co-founder Rahul Bhatia. READ MORE

12:06 PM

Zee Entertainment dips over 6%, at day's low