F&O expiry: Sensex pares gains, ends 77 pts higher; YES Bank advances 24%
All that happened in markets today.
1:34 PM
NEWS ALERT | Board likely to consider binding offer on Nov 1: CNBC TV18
Alert: Bank to report its Q2 results tomorrow.
1:33 PM
NEWS ALERT | 4.5% equity of YES Bank, worth Rs 700 cr, traded in multiple blocks on NSE and BSE: CNBC TV18
1:31 PM
Around 45 securities hit 52-week high on the NSE
1:16 PM
NEWS ALERT | Binding offer from global investors via fresh issuance of equity shares: YES Bank
-- Offer will be accepted subject to Regulatory approvals
1:11 PM
NEWS ALERT | YES Bank receives binding offer of $1.2 billion
1:10 PM
Broader Market Check | Small-caps outperform benchmarks, index up 1.05%
12:56 PM
MARKET CHECK | Top 5 losers on the BSE at present
12:50 PM
BROKERAGE RADAR | Anand Rathi Financial Services on Indoco Remedies
We believe Indoco's FY20 to be a year of stablisation after a few hiccups regarding its plants catering to the US. Also, its domestic business has resumed normal growth and EU supply is expected to improve. Post-normalisation of its businesses, we expect a gradual step-up in earnings. We retain our Buy recommendation, at a lower target of Rs 191.
12:47 PM
Infosys surges nearly 5%; should you buy the stock now?
Shares of Infosys were trading higher for the fifth straight day, up 9 per cent in past one week, as compared to a three per cent rise in the benchmark index. Prior to that, share price of Infosys slipped 17 per cent in just three trading days from Rs 768 to Rs 635 after an anonymous whistleblower group called 'Ethical Employees' alleged that the company’s current management was taking 'unethical' steps to spur short-term revenue and profits. READ MORE
12:26 PM
BROKERAGE RADAR | Reliance Securities on Ramco Cements
A healthy improvement in sales volume and lower-than-expected decline in realisation were the key positive surprise. Capacity expansion of 4mnT without stretching its B/S much along with D/E ratio at 0.4x bodes well for TRCL. We maintain our long-term positive view on TRCL on the back of sustained volume growth and improving operating efficiency. Considering current valuations at 12.5x FY21 EBITDA, we do not see any meaningful upside from the current level. Hence, we maintain our HOLD recommendation on the stock with a revised Target Price of Rs 810.
12:13 PM
BROKERAGE RADAR | Geojit Financial Services on ZEEL
We expect company’s earnings to grow at a healthy 17.7% CAGR over FY19-21E. However, we remain cautious amidst mounting debt concerns and assign a HOLD rating on the stock with a revised TP of Rs 260 based on ~11x FY21E adj. EPS.
12:04 PM
Earnings Alert | Dhanlaxmi Bank Q2 result
-- Net profit at Rs 22.1 cr, up 81% YoY
-- Gross NPA at Rs 476.1 cr; 7.06% (vs 7.61% QoQ)
-- Net NPA at Rs 105.3 cr; 1.65% (vs 2.35% QoQ)
-- Loan growth at 7.2% YoY
-- Gross NPA at Rs 476.1 cr; 7.06% (vs 7.61% QoQ)
-- Net NPA at Rs 105.3 cr; 1.65% (vs 2.35% QoQ)
-- Loan growth at 7.2% YoY
12:01 PM
Two years on, debt resolution of first dozen firms still not complete
Of the 12 large accounts which were referred to the National Company Law Tribunal (NCLT) for resolution by the Reserve Bank of India (RBI) in 2017, resolution of seven corporate debtors has been approved and orders for liquidation has been passed in respect of two corporate debtors even as the resolution process for three of the remaining has not concluded. The combined debt of these 12 large accounts was Rs 3.45 trillion; the amount realised so far is Rs 1.01 trillion. READ MORE
11:51 AM
Rescuing India's PSU behemoths coming at the cost of fiscal restraint
Prime Minister Narendra Modi will spend about $9.5 billion to resuscitate telecom firms Bharat Sanchar Nigam Ltd. and Mahanagar Telephone Nigam Ltd., Telecom Minister Ravi Shankar Prasad said at a briefing last week. The government is already pumping 300 billion rupees of tax payers’ money into state-run Air India Ltd., while fighter-jet maker Hindustan Aeronautics Ltd. has been borrowing to pay employees this year after parting with its cash reserves as dividends to the government. READ MORE
11:41 AM
NEWS ALERT | US FDA issues EIR for Cadila Healthcare's Baddi unit: CNBC TV18
-- EIR establishes No Action Indicated
Alert: EIR is Establishment Inspection Report
Alert: EIR is Establishment Inspection Report
Topics : Markets F&O series MARKET WRAP
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 31 2019 | 7:11 AM IST