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LIC Housing Finance, Bharat Forge, Vedanta, Reliance Industries


Trends on SGX Nifty indicated a gap-up opening for the domestic markets.

New Delhi:

The domestic stock indices are likely to trade higher on Tuesday, taking cues from their Asian peers. Asian shares were in the green today as Japan’s Nikkei index rose 1.82 per cent, South Korea’s KOSPI moved 0.49 per cent higher, and Hong Kong’s Hang Seng index climbed 0.87 per cent. Trends on SGX Nifty indicated a gap-up opening for the markets back home. The Nifty Futures on Singapore Exchange, also known as the SGX Nifty Futures, rose 48.75 points or 0.32 per cent to 15,414.80.

The 30-share BSE Sensex had jumped 237 points or 0.46 per cent to close at 51,598 on Monday, while the broader NSE Nifty had moved 57 points or 0.37 per cent up to settle at 15,350.

Here Are Stocks To Watch During Today’s Session:

LIC Housing Finance: Mortgage player LIC HFL has raised its prime lending rate (LHPLR) by 60 basis points (bps). With this increase, the new interest rates, effective from June 20, on home loans will now start from 7.50 per cent, the company said.

Bharat Forge: The company said it would consolidate its electric vehicle (EV) business initiatives under Kalyani Powertrain (KPL), a wholly-owned subsidiary, for a better strategic alignment.

Vedanta: Mining mogul Anil Agarwal’s Vedanta Ltd has put on sale its copper smelter plant in Tuticorin, Tamil Nadu. The company sought initial bids, called an Expression of Interest (EoI), for the plant having capacity to produce 400,000 tonnes a year by July 4. The plant was shut four years after 13 people were killed in a police firing on protestors agitating against alleged pollution by the unit.

Reliance Industries: Market regulator SEBI has fined Reliance Industries (RIL) and two of its compliance officers for violating fair disclosure norms during Facebook’s $5.7 billion investment in its digital unit (Jio Platforms) in 2020.

Telecom stocks: The government has proposed to provide Rs 4,000 crore incentive to promote design-led manufacturing in telecom sector under the production-linked incentive (PLI) scheme.

Further, Indiabulls Housing Finance and RBL Bank are the two stocks in F&O (Futures and Options) ban period today.



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Here are top stocks to watch on April 18


Stocks to watch: The benchmark equity indices on the BSE and National Stock Exchange (NSE) had ended lower for the third successive day on Wednesday. The S&P Bse Sensex fell 237.44 points (0.41 per cent) to end at 58,338.93 while the Nifty 50 slipped 54.65 points (0.31 per cent) to settle at 17,475.65.

Markets were shut on Thursday and Friday on account of Mahavir Jayanti/Dr. Baba Saheb Ambedkar Jayanti and Good Friday respectively.

Here are the key stocks to watch on Monday, April 18, 2022:

HDFC Bank

The country’s largest private sector lender HDFC Bank on Saturday reported a 23 per cent jump in standalone net profit to Rs 10,055.20 crore for the March quarter, led by growth in loan demand across categories and lower provisioning as bad loans were trimmed. The bank’s net profit during the corresponding period of the previous fiscal stood at Rs 8,186.51 crore.

ICICI Prudential Life Insurance

ICICI Prudential Life Insurance on Saturday posted over two-fold jump in its net profit to Rs 185 crore for the January-March quarter on account of robust growth in new business.

The company had posted a profit after tax of Rs 64 crore for January-March FY2021, ICICI Prudential Life Insurance said in a regulatory filing.

For the full year 2021-22, the company’s net profit declined to Rs 754 crore from Rs 960 crore for the year ended in March 2021, it said.

Mahindra & Mahindra

Mahindra & Mahindra (M&M) on Saturday said it has agreed to sell over 34.75 lakh shares, constituting 22.81 per cent of the paid-up capital, in Mahindra Sanyo Special Steel Pvt Ltd (MSSSPL), to Japan-based Sanyo Special Steel Co Ltd in a Rs 212 crore deal.

Following the sale, the company’s holding in MSSSPL would become nil, M&M said in a regulatory filing. The Mumbai-based automaker will receive Rs 211.99 crore from the stake sale, it added.

InterGlobe Aviation (IndiGo)

IndiGo on Friday appointed former Shell India chairman Vikram Singh Mehta and former Indian Air Force (IAF) chief B S Dhanoa as independent non-executive directors.

Their appointment is “subject to receipt of security clearance from the Ministry of Civil Aviation (MoCA) and approval of the members of the company,” IndiGo said in a statement.

Mehta will replace Anupam Khanna, whose second term came to an end on March 26, and Dhanoa will replace former SEBI chief M Damodaran, who is stepping down on May 3, it said.

Dhanoa was IAF chief between January 1, 2017, and September 30, 2019, and Mehta was chairman of Shell Group of companies in India between 1994-and 2012.

Infosys

Infosys on Wednesday missed estimates for headline numbers for the March quarter. However, the company offered an encouraging revenue growth guidance for FY23 of 13-15 per cent in constant currency terms.

The software giant posted net profits for Q4FY22 of Rs 5,686 crore. Revenues for the quarter rose to Rs 32,276 crore.

-with PTI input





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Paytm, Sapphire Foods, Vedanta, Zomato


Trends on SGX Nifty indicated negative opening for the domestic markets.

New Delhi: The domestic stock markets are expected to trade in red on Thursday, taking cues from the global markets. Asian stocks traded lower as Japan’s Nikkei fell 0.80 per cent, South Korea’s KOSPI was down 0.22 per cent and Shanghai Composite index dropped 0.37 per cent. Trends on SGX Nifty also indicated negative opening for the markets back home. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures plunged 0.60 per cent or 107.50 points to 17,879.50.

The benchmark BSE Sensex had ended 314.04 points or 0.52 per cent lower at 60,008.33 on Wednesday; while the broader NSE Nifty had declined by 100.55 points or 0.56 per cent to close at 17,898.65.

Here Are Stocks To Watch During Today’s Session:

Paytm: Paytm operator One97 Communications will be listed on the exchanges today. The issue price has been fixed at Rs 2,150 per share.

Sapphire Foods: KFC operator will also make its stock market debut today. The issue price has been fixed at Rs 1,180 per share.

Zomato: The restaurant aggregator and food delivery company is in talks to invest as much as $500 million in Grofers. The proposed deal marks an extension of its food delivery battle with Swiggy into the commerce segment. In a separate development, Zomato UK, a step-down subsidiary of the company, has been dissolved. 

Vedanta: The company has said it is evaluating a full range of options and alternatives including demerger(s), spin-off(s), strategic partnerships for unlocking value and simplification of corporate structure.

BPCL: The government is aiming to complete the privatisation of five to six state-owned firms, including Bharat Petroleum Corp Ltd, this fiscal, Secretary of the Department of Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey has said. Mr Pandey also said that the Centre aims to close the privatisation of BEML and Shipping Corp of India and list the insurance behemoth Life Insurance Corp (LIC) on local bourses by March 2022.



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Stocks to watch: Zomato, Voda Idea, Power Grid, RattanIndia Entp, GMR Infra



Nifty futures on the Singapore Exchange traded 37 points higher at 16,313, indicating a firm start for the benchmark indices on Wednesday.


Here are the top stocks to track in today’s session:





Earnings Today: Bata India, Cadila Healthcare, Endurance Tech, New India Assurance, Antony Waste Handling Cell, Bajaj Electricals, HEG, IDFC, India Cement, VIP Industries and Pidilite are among 300 companies slated to post their quarterly earnings.


Zomato: In its first quarterly results after its listing last month, said its net loss widened to Rs 356 crore in the first quarter ended June 30 due to increased expenses and a hit on dining out as the second wave of the Covid-19 pandemic upended lives and livelihoods. It had reported a loss of Rs 99.8 crore in the year ago quarter. Revenue from operations in Q1 rose to Rs 844.40 crore, from Rs 266 crore a year ago. READ HERE


Vodafone Idea: Debt-laden (Vi), which is struggling for survival, moved the Supreme Court on Tuesday, seeking a review of its July 23 order that dismissed the petitions of telecom firms for a re-computation of adjusted gross revenue (AGR) dues. Airtel, too, is likely to move the court for relief, as per a BS report. READ MORE


Power Grid: The company posted a nearly three-fold jump in consolidated net profit at Rs 5,998.28 crore in the June quarter, mainly on the back of higher revenues.


Trent: The Tata Group company reported narrowing of consolidated net loss at Rs 138.3 crore in the first quarter ended June 30 despite disruptions by the second wave of COVID-19 pandemic. The company had posted a consolidated net loss of Rs 184.04 crore in the same period last fiscal.


Siemens: Its standalone profit after tax (PAT) saw a multifold jump to Rs 162 crore during the quarter ended June 30, 2021, boosted by higher revenues. Siemens Ltd’s revenue from continuing operations during April-June 2021 also rose to Rs 2,658 crore, from Rs 1,149 crore in the year-ago period.


Yes Bank: Private sector lender has appointed Mahesh Ramamoorthy as its chief information officer.


Galaxy Surfactants: The company reported a 36 per cent YoY jump in profit after tax to Rs 76.8 crore for the June 2021 quarter. The company’s PAT stood at Rs 56.5 crore during the corresponding quarter of 2020-21. Its total revenue in April-June 2021 grew 36.7 per cent to Rs 830.9 crore, compared with Rs 607.8 crore in the year-ago period.


IFCI: Infrastructure sector lender IFCI reported widening of loss to Rs 717.78 crore in the first quarter of the current fiscal from Rs 296.42 crore YoY. Total income declined to Rs 225.63 crore in the latest quarter under review from Rs 479.38 crore in the year-ago period.


Prestige Estates: Realty firm Prestige Estates Projects Ltd on Tuesday reported an over four-fold jump in its consolidated net profit at Rs 92.5 crore for the quarter ended June and said its board has approved raising of up to Rs 1,000 crore through issuance of non-convertible debentures.


GMR Infrastructure: Its board will consider a proposal for raising up to Rs 6,000 crore through various routes at its meeting on August 13, 2021.


Future Supply Chain: The company reported narrowing of its net loss to Rs 42.60 crore for the first quarter ended June 2021. It had posted a net loss of Rs 55.40 crore for the April-June quarter of the last financial year 2020-21. Its revenue from operations in April-June 2021 jumped 35.59 per cent to Rs 128.99 crore as against Rs 95.13 crore in the year-ago period.


RattanIndia Enterprises: The company has ventured into the fast-growing drone industry, and will make a strategic investment in the US-based urban drone logistics platform Matternet.


Brookfield India REIT: The company reported a 3.8 per cent YoY increase in net operating income to Rs 169.6 crore for the quarter ended June and announced the distribution of Rs 181.7 crore to unitholders.


Godrej Agrovet: The company reported a 4.1 per cent YoY growth in consolidated profit after tax (PAT) during the quarter ending June 30, at Rs 104.75 crore compared to the same period of the previous financial year. Revenue from operations of the company during the quarter under review grew by 28.23 per cent to Rs 1,987.60 crore compared to Rs 1,550.01 crore during the same period of 2020-21.


Max Financial Services: The company reported an 80 per cent decline in its consolidated net profit to Rs 35.81 crore for the first quarter ended June 30, mainly on higher expenses. The total income during the quarter was Rs 5,943 crore as against Rs 5,517 crore in the year-ago period.


SBI Life: The company is liable to refund Rs 84 crore plus interest amounting to Rs 27 crore with effect from July 11, 2017, for its Supersuraksha Life Insurance Policy on orders of the Insurance Regulatory and Development Authority of India, according to an exchange filing.


Tejas Networks: ICRA placed its long term and short term rating, A-/A2+, on watch with positive implications after signing deal with Tata Sons’ subsidiary to acquire shares in Tejas.





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We are a group of best insurance advisors in Delhi. We are experts in LIC and have received number of awards.
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