Sensex drops 274 pts, Nifty ends below 15,750; DRL sinks 10%, Axis Bank 3%

In the broader markets, mid-cap stocks faced a severe blow with the BSE MidCap index erasing 0.67 per cent.

1:14 PM

ALERT :: Sensex slumps 400 pts as Dow Jones Futures slide 200 pts

1:12 PM

Dr Reddy's slips 8% post June quarter results, hits over 3-month low

Ebitda (earnings before interest, taxes, depreciation, and amortization) margins were down 560 basis points (bps) YoY and 310 bps sequentially at 20.7 per cent during the quarter. Gross profit margin decreased by 380 bps over the previous year and 150 bps sequentially, majorly on account of price erosion and increase in inventory provisions related to few products. READ MORE

12:58 PM

MARKET CHECK :: Sensex at day's low

12:50 PM

Should you bid for Glenmark Life Sciences IPO?

Given its strong focus on R&D expansion plans, leadership in select high-value non-commoditized APIs in therapeutic areas, solid clientele and growth opportunities in CDMO services provide a strong outlook for the company. At the upper price band of Rs.720, GLSL is available at a P/E of 25x (diluted) which appears fairly priced. Considering its robust growth in financials, fall in D/E, rise in future capacity and future product portfolio, the stock can be considered on a long-term basis. 

-- Vinod Nair, Head of Research at Geojit Financial Services

12:34 PM

NEWS ALERT

12:26 PM

Career Point, MT Educare: Here's how to trade education related stocks

In a bid to increase core focus on education, the Chinese government over the weekend issued a new regulation that bars China's tutoring companies from being profit oriented. They will no longer be able to raise capital in the stock market or invest in other education providers. They will also be banned from offering tutoring services during the weekends and school breaks. Can this shift global interest to Indian players? But first let's see what charts are signalling for listed Indian education stocks. READ HERE

12:10 PM

IPO Update :: Glenmark Life Sciences fully subscribed on Day 1

11:57 AM

GNA Axles surges 25% in two days on strong Q1 results

Moreover, revenues from operations in the quarter under study jumped four-fold year on year (YoY) at Rs 328.96 crore from Rs 81.33 crore in Q1FY21. Ebitda (earnings before interest, taxes, depreciation, and amortization) margins improved 935 basis points (bps) YoY at 16.71 per cent from 7.35 per cent. Ebitda margin stood at 15.77 per cent in Q4FY21. READ MORE

11:34 AM

June Quarter Results :: Dr Reddy's Labs

>> Consolidated PAT: Rs 380 crore

>> Cons revenue: Rs 4,945 crore

>> Cons Ebitda: Rs 734 crore

>> Ebitda margin: 14.86%

11:26 AM

Up 1,258% in 4 months! This electric utility stock sheds its 'penny' status

In April 2021, RattanIndia Enterprises ventured into the electric vehicle (EV) space by acquiring substantial strategic stake in Revolt Intellicorp Pvt Ltd. As part of the deal, RattanIndia Enterprises will have a 50 per cent board presence in Revolt Intellicorp and Rajiv Rattan will be chairman of the board of Revolt. READ MORE

11:14 AM

NSE Heatmap at this hour

11:00 AM

Volatile markets? Use Average True Range indicator to minimize risk

The stock market undergoes various phases that traders and investors analyse to maximize profits. The major phases are accumulation, growth (mark-up), and distribution phase. To analyse these phases, market participants majorly understand the volatility, thus reducing the risks involved. Average True Range (ATR) assists in recognizing the effect of volatility and helps to take advantage of unexpected movement. READ MORE

10:46 AM

Result today :: Analysts see up to Rs 2,700 crore loss for IndiGo in June 2021 quarter

HSBC

 

As per data provided by aviation watchdog DGCA, the airline carried around 6 million domestic passengers in the quarter, which was 53 per cent lower than last quarter. On the international side, the brokerage forecasts half a million passengers for the quarter. Given this, IndiGo is expected to report a cumulative load factor of 58.7 per cent.

 

Overall, net loss is pegged at Rs 3,732.8 crore; revenue at Rs 3,620.9 crore; and Ebit loss at Rs 3,381.9 crore. READ MORE

10:29 AM

Equitas Holdings, Equitas SFB rally as board approves amalgamation scheme

Shares of Equitas Holdings (Rs 135.70) and Equitas Small Finance Bank (Rs 68.70) surged 9 per cent each on the BSE in the intra-day trade on Tuesday after their respective boards approved the amalgamation scheme of the two companies. The stock of Equitas Holdings (Rs 138.40) and Equitas SFB (Rs 76.75) had hit their respective 52-week highs on July 12, 2021. READ MORE

10:16 AM

NEWS ALERT :: Inox Leisure says no stake sale talks ongoing with Amazon

> There are no discussions taking place between INOX Leisure and Amazon, nor were there any such discussions in the past. Under the circumstances, the news item is factually incorrect, the company said. READ HERE