Wednesday, 31 May 2017

Stocks In The News: IRB Infra, MOIL, Tata Global, USL, Jet Airways, IOC, BPCL

MTNL Q4
-Net loss at Rs 634.80 crore versus profit of Rs 188.64 crore
-Revenue down 13.3 percent at Rs 705.17 crore versus Rs 813.45 crore
-EBITDA loss at Rs 264.30 crore versus Rs 140.57 crore 

Jet Airways Q4
-Net profit at Rs 36.8 crore versus Rs 397.16 crore
-Revenue up 3.1 percent at Rs 5449.13 crore versus Rs 5285.6 crore
-EBITDA at Rs 109 crore versus Rs 656.13 crore
-EBITDA margin at 2.01 percent versus 12.41 percent

United Spirits Q4
-Net loss at Rs 104.2 crore versus profit of Rs 1.4 crore
-Total income at Rs 6,485.2 crore versus Rs 5,937.3 crore
-Exceptional loss at Rs 290.8 crore

Tata Global Beverages Q4
-Consolidated net profit at Rs 84.36 crore versus loss of Rs 249.6 crore
-Consolidated total income up 4.7 percent at Rs 1,674.26 crore versus Rs 1598.35 crore
-Consolidated EBITDA up 11.8 percent at Rs 178.9 crore versus Rs 160.05 crore
-Consolidated EBITDA margin at 10.6 percent versus 10.01 percent

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Jet Airways Flies Low, Slips Nearly 5% Post Q4 Results

Jet Airways slipped as much as 4.6 percent in morning trade on the NSE Wednesday, after the airliner reported nearly 95 percent fall in consolidated net profit at Rs 23 crore in the three months ended March 2017 weighed down by higher fuel prices and lower fares took a toll on its bottom line.

At 09:30 AM; Jet Airways recouped some of the losses but was still trading 1.7 percent lower at Rs451.85. It hit a low of Rs438.25 and a high of Rs457 so far in trade today.

In the fourth quarter of 2016 fiscal, the carrier saw total revenue rise over three percent to Rs 5,728 crore. The same stood at Rs 5,533 crore in the year-ago period, according to a release.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 30 May 2017

Japan Household Spending Dipped 1.4 Percent For The Month Of April

In economic news, Japan household spending dipped 1.4 percent for the month of April, weaker than the 0.7 percent forecast. Meanwhile, April retail sales rose 3.2 percent on year, compared to a forecast of a 2.3 percent rise, Reuters said.

There was little reaction in the yen, which traded around 111.21 before the release of data. Dollar/yen traded slightly lower following the news at 111.18.

In other currency news, the dollar strengthened against a basket of six rival currencies to trade at 97.698 after holding steady in the last session around the 97.4 handle. The dollar hit a near six and a half month low last week.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Nifty Likely To Find Support At 9570; 5 Stocks Which Can Give Up To 5% This Week

The market continued its upside momentum in Monday’s trading session to touch another milestone of an all-time high of 9,637.75. The benchmark Sensex also recorded fresh all-time high of 31,214.

Although, the market gained upside momentum but failed to hold on its gains on the upper edge and witnessed some selling pressure twice when the market reached on top leaving behind a spinning top candle formation on the Nifty daily charts.

The immediate support zone for the coming session is placed at 9,565-9,570 and if the index sustains below these level for long would activate bears in the market.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 29 May 2017

Stocks In The News: Tech Mahindra, Sun Pharma, ONGC, Idea, Adani Power, Rel Comm

Results today: L&T, Coal India, NTPC, BPCL, Power Grid Corporation, BHEL, Bharat Electronics, Aurobindo Pharma, NHPC

Mahanagar Gas Q4
-Net profit up 17.9 percent at Rs 99.5 crore versus Rs 84.4 crore

-Revenue up 2.3 percent at Rs 589.4 crore versus Rs 576 crore
Alkem Labs Q4
-Consolidated net profit up 58.3 percent at Rs 137 crore versus Rs 86.5 crore
-Consolidated revenue up 9 percent at Rs 1,251 crore versus Rs 1,149 crore

Satin Credit Q4
-Consolidated net loss at Rs 43 crore versus profit of Rs 16.9 crore 

Tech Mahindra Q4
-Consolidated net profit down 30.2 percent at Rs 589.7 crore versus Rs 845 crore
-Consolidated revenue down 0.8 percent at Rs 7,495 crore versus Rs 7,557.5 crore
-Consolidated dollar revenue up 1.3 percent at USD 1,131.2 million versus USD 1,116.1 million
-Consolidated EBIT down 34.4 percent at Rs 615 crore versus Rs 938.5 crore
-Consolidated EBIT margin at 8.2 percent versus 12.4 percent

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Erased Gains After Hitting Record Highs

Benchmark indices erased gains after hitting record highs. Healthcare, auto, infra and select banks stocks pulled the market down but buying in index heavyweights ITC, Reliance Industries, HDFC and HDFC Bank limited losses.

The 30-share BSE Sensex was down 76.22 points at 30,951.99 and the 50-share NSE Nifty fell 37.50 points to 9,557.60.

The market breadth also turned negative as about two shares declined for every share rising on the BSE.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 24 May 2017

The Indian Rupee On Wednesday Opened At 64.91 To The Dollar

The Indian rupee on Wednesday opened at 64.91 to the dollar, 2 paise weaker than its previous close of 64.89.

Pramit Brahmbhatt of Veracity said, "Pessimism which persists in the domestic equity market will be the reason for rupee to depreciate. The spot USD-INR pair will trade in a range of 64.80-65.20/dollar today."

Globally, major indexes in Asia opened higher on Wednesday as investors looked ahead to US Federal Reserve views on interest rate hike prospects and await an upcoming OPEC meeting widely expected to extend production cuts for nine months to March 2018.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmark Indices Were Trading Steady After Opening In The Green Zone


Equity benchmark indices were trading steady after opening in the green zone, with the Nifty hovering around 9400-mark.

The Sensex was up 99.43 points at 30464.68, while the Nifty was up 18.80 points at 9404.95. The market breadth was negative as 856 shares advanced against a decline of 1,064 shares, while 88 shares were unchanged.

Midcaps, PSU banks as well as pharma were the top losers, while the auto index gained.

Tata Motors, Tata Motors DVR and HDFC gained the most, while Asian Paints, Dr Reddy’s Laboratories, HCL Tech and Bank of Baroda lost the most.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 23 May 2017

Nifty Likely To Retest 9400; 3 Stocks Which Are Likely To Give Up To 4% Return This Week

The market witnessed gap-up opening on Monday’s trading session but traded gradually sideways to downside throughout the entire session leaving some more room for downside pressure on Tuesday.

The market is facing some consolidation on the higher levels and will likely build up some selling pressure for the near future. Although, 20-days moving average is still supporting the market but MACD has generated fresh selling signals on the daily charts that might remain intact in the coming session and bring some downside movement.

The Nifty is likely to touch lower levels near 9,400-9,390 in the next trading session where a close below could prove even worse for the near term.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Sensex Was Down 157.72 Points At 30413.25, While The Nifty Was Down 56.80 Points

The Sensex was down 157.72 points at 30413.25, while the Nifty was down 56.80 points at 9381.45. The market breadth was absolutely negative as 244 shares advanced against a decline of 1,847 shares, while 57 shares were unchanged.

GAIL and Sun Pharma lost the most, while Maruti Suzuki and Hindustan Unilever have led the list of top gainers.

Midcaps continued their corrective phase as the index fell 2.5 percent, while pharma index cracked over 3.5 percent, coupled with PSU banks and energy stocks’ fall.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 22 May 2017

Strong Support For Nifty Placed At 9,370; 4 Stocks Which Could Give Up To 17% Upside

The markets have once again created a fresh all-time high in the week gone by and crossed 9,500 mark for the first time ever. The Nifty continued with its gradual uptrend till Wednesday; however, geopolitical pressures unnerved it as Nifty saw selling from the higher levels that have resulted in the formation of 'shooting star' bearish candlestick pattern.

On the daily chart as well, the index witnessed a gap-up opening, but failed to sustain above 9,500 levels and ended lower forming a 'Spinning' formation. Both the candlestick pattern indicates weakness in the near-term and for the coming sessions 9,370 will be very crucial as a close below it may open further weakness towards 9,000 levels.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Gained In The Early Trade On Monday

The Indian rupee gained in the early trade on Monday. It has opened higher by 12 paise at 64.52 per dollar versus 64.64 Friday.

Pramit Brahmbhatt of Veracity said, "In the absence of any directional cue, the USD-INR pair will trade in a range of 64.50-64.80/dollar. However, technical bias would remain positive for the dollar."

On the global front, Asian equities traded mostly higher on Monday, following the continued recovery on Wall Street last week and as investors digest yet another missile test out of North Korea at the weekend.

The hermit state said the missile test on Sunday involved an intermediate-range ballistic missile, according to Reuters. North Korean state media said leader Kim Jong Un had "approved the deployment" of the missile, Reuters said.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 19 May 2017

Stocks In The News: SBI, HCL Tech, Vivimed Labs, Lupin, Bank of Baroda, Sutlej Textiles

Sutlej Textiles: Board approves raising up to Rs 500 crore via NCDs/bonds
Board approved splitting each Rs 10 share into 10 of Re 1

Lupin gets US FDA approval for generic Seroquel XR tablets
Alert: Tablets used to treat Schizophrenia or Bipolar Disorder

Sunil HealthcareExpansion of production capacity of Empty Hard Gelatin Capsule from 11 billion to 13 billion (appox) p.a

Tanla Solutions
Allotment of 19,68,310 equity shares to the Promoters upon conversion of Preferential Warrants into Equity.

Alfa Transformer
Allotment of 6, 49,412 equity shares to promoters
IIFL Amc raises USD 250 mn

Rel Com –Dsystema merger gets a TdSAT approval

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Sensex Opens 150 Pts Higher, Nifty Around 9500; ITC Up 5%

Benchmark indices witnessed a gap-up opening on Friday, following the negative previous session, as the Street cheered the rates for the new goods and services tax.

The Sensex was up 152.79 points at 30587.58, while the Nifty was up 40.40 points at 9469.85. The market breadth was healthy as 642 shares advanced against decline of 154 shares, while 37 shares were unchanged.

ITC was the biggest gainer, soaring 5 percent, as the GST rates sprung no surprises to the Street. This was followed by Hindustan Unilever, Bank of Baroda. Meanwhile, Asian Paints and Infosys witnessed some profit booking after Thursday’s rally and lost the most.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 18 May 2017

Stocks In The News: HUL, Dabur, Hind Copper, La Opala RG, Capital First, Jumbo Bag

La Opala: Madhupur plant operations temporarily suspended
Operations suspended due to unreasonable demands by workers union

Hind Copper
board approves issue of fresh equity via FPO, IIP, QIP
Fresh equity issue approval for up to 10% of existing capital (9.25 crore Shares)

Capital First'Warburg Pincus sells 25 percent in Capital First, GIC Singapore ups stake to 14 percent'

Healthcare Global Enterprise
Launch of HCG Regency Oncology Centre in Kanpur

Adani SEZ
Intimation of Incorporation of a Wholly Owned Subsidiary Co

PVR
realty firm Elan to invest Rs 550 crore and tie up with PVR

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Continued To Trade Lower, Amid Global Selloff

Benchmark indices continued to trade lower, amid global selloff on the back of a crisis in the White House, with the Nifty below 9500.

The Sensex was down 142.17 points at 30516.60, while the Nifty was down 60.65 points at 9465.10. The market breadth was firmly placed in the negative zone as just 576 shares advanced against a decline of 1,444 shares, while 90 shares were unchanged.

Wipro, TCS and Bank of Baroda gained the most, while BHEL, Axis Bank, Hindalco and Yes Bank were the top losers.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 17 May 2017

Market Live: Sensex Trades Almost Flat, Nifty Reclaims 9500; ICICI Bank Up 2%

Benchmark indices were trading flat with a positive bias after opening lower in the first tick, with the Nifty reclaiming 9500.

The Sensex was up 38.98 points at 30621.58, while the Nifty was higher by 0.10 points at 9512.35. The market breadth was still narrow as 1,041 shares advanced against a decline of 865 shares, while 108 shares were unchanged.

Tata Steel, ICICI Bank and Indiabulls Housing were the top gainers on both indices, while Dr Reddy’s Laboratories, Tech Mahindra and ITC lost the most.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Derivative Data Suggests 9,600 On Nifty; 5 Stocks Which Can Give Up To 14% Upside

The Nifty closed above 9,500 levels. What is next? Derivative data indicates a higher probability of Nifty heading towards 9,600 in the current series. The current upmove is supported by derivative data and position build-up.

The Nifty has been continuously adding open interest with every up move. On Tuesday, it had added nearly 6.28 lakhs in open interest. Option writers are aggressively selling puts on every rise.

Huge open interest addition was observed in at the money and in the money puts strikes which indicate upside momentum to continue in the expiry week.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 16 May 2017

Equity Benchmarks Opened At Fresh Record High On Tuesday

Equity benchmarks opened at fresh record high on Tuesday, continuing upside despite mixed Asian cues.

The 30-share BSE Sensex was up 63.33 points at 30,385.45 and the 50-share NSE Nifty rose 12.55 points to 9,457.95. About 643 shares advanced against 258 declining shares on the BSE.

Bharti Airtel was the biggest gainer among largecaps, up nearly 3 percent followed by Tata Steel, TCS, Dr Reddy's Labs, IOC, ACC and ICICI Bank.

Asian Paints, HDFC Bank, BHEL, HDFC, Adani Ports, Kotak Mahindra Bank, Cipla and Bank of Baroda were early losers.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

CBI Raids Chennai Residences Of P Chidambaram, Son Karti


The Central Bureau of Investigation today raided the Chennai residence of former Finance Minister P Chidambaram and his son, Karti P. Chidambaram.

The raids are reportedly in connection with FIPB clearances given to INX Media when it was run by Peter and Indrani Mukherjea, and when Chidambaram was Finance Minister.

An FIR against Chidambaram and Indrani Mukherjea in the case was filed on Monday.

A team of CBI officials carried out raids at 14 locations across Chennai and Delhi, according to CNN-News18.

The raids began at 6-6:30 AM at Chidambaram’s Chennai residence, as per the TV reports.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 15 May 2017

Trade With A Trailing Stop Loss Of 9,270 On Nifty; 5 Stock Ideas Which Can Give Up To 15% Return

Last week, stock market witnessed a bullish breakout on Wednesday after 10 days of consolidation and made a high of 9,450 on Friday. The index took support at breakout levels placed at 9,370.

Sectoral bias for a heavyweight sector like Nifty IT seems to have shifted to the positive territory, from a perennial weak bias.

Hence, the bias remains positive for 9,670 levels but buying on dips would be preferred. A trailing stop loss for the long can be placed below 9,270 levels on closing basis.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 12 May 2017

Glenmark Pharma Sinks 16% As Q4 Earnings Miss Estimates, Sequentially Profit Tanks

Glenmark Pharma sinks 16% as Q4 earnings miss estimates, sequentially profit tanks


Glenmark Pharma share price hit a 52-week low of Rs 760, down 16 percent intraday Friday after its quarterly earnings missed analysts' estimates and sequential profit was sharply lower.

Profit during January-March quarter increased 23 percent year-on-year to Rs 183.7 crore, largely aided by the exclusivity of generic cholesterol lowering drug Zetia, but overall earnings were much below Street estimates. Revenue rose 6 percent to Rs 2,457.2 crore YoY.

The bottomline growth was impacted by Rs 81 crore exceptional item, high expenses and decline in sales across Europe, Latin America, and other markets. The expenses shot up 13.6 percent to Rs 2,152 crore on sequential basis.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

SBI Plans To Come Up With SBI Life IPO By First Half Of FY18

The State Bank of India plans to dilute 12 percent of its stake in SBI Life initial public offer instead of 10 percent decided earlier. The bank also plans to dilute 8 percent stake sale of SBI Life through IPO, as per sources.

BNP Paribas Cardiff is also likely to dilute 4 percent stake instead of 2 percent earlier.

SBI Life is the insurance vertical of the India’s largest public sector bank and is a joint venture between BNP Paribas Cardiff. SBI owns 74 percent of the total capital, BNP holds 26 percent and rest 1.95 percent is with KKR and Temasek.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 11 May 2017

Stocks In The News: Hindalco, Inox Leisure, Tata Motors, Hero Motocorp, Quess Corp

Tech Mahindra to CNBC-TV18: Have a process of weeding out bottom performers every year

Inox Leisure
did not renewed license pact with Bruhat Bengaluru Mahanagara Palike
Discontinued commercial operations of MG Road, Bengaluru Multiplex Cinema Theatre

Hindalco
Novelis sells 50 percent stake in S korea arm for USD 351mn

Tata Motors

Global wholesales for April at 73,691 down 9 percent YoY
Global wholesales for Jaguar at 41,923 units

Kamdhenu
Outlook revised from Negative to Stable by CRISIL

Edelweiss

CRISIL assigns rating of ‘CRISIL A1+' for Short Term Debt Issue aggregating to Rs. 5,000 cr

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Continued Their Positive Performance, With The Nifty Opening

Equity benchmarks continued their positive performance, with the Nifty opening at a fresh record high of on Thursday. Indices opened comfortably above their new milestones.

The Sensex was up 52.38 points at 30300.55, while the Nifty was up 26.10 points at 9433.40. the market breadth was healthy as 629 shares advanced against a decline of 172 shares, while 45 shares were unchanged.

Midcaps and banks gained around half a percent, along with the IT index.

Mahindra & Mahindra, Tata Steel, Hindalco and Zee Entertainment were the top gainers, while Bharti Airtel and HUL lost the most.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 10 May 2017

For Return Hungry Investors In India, Warren Buffett’s Advice On Index Funds Might Not Work

In a country where investors are obsessed by multibagger returns, investing in index funds as recommended by legendary investor Warren Buffett on the sidelines of Berkshire Hathaway's annual shareholder meeting over the weekend.
Warren Buffett says owning a low-cost index fund is much better than owning shares in his own company, Berkshire Hathaway Inc. and that is the advice he is offering his wife, in the event of his death.

Well, don’t tell your wife to buy index funds in India because in all likelihood they would not be able to beat returns of other actively mutual funds, atleast that’s what history suggests.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Multiple Support For Nifty Placed Around 9,250; 5 Stocks Which Can Give Up To 20% Return

The Nifty has been trading sideways in the band of 9,300-9,400 since last 8 trading sessions. However, derivative data indicates long rollover to May series by foreign institutional investors with an average rollover price of 9,300. Most importantly, Nifty is trading above this level.

Put writers sold heavily in the expiry week and are still holding put sold positions. Post expiry, no major short build-up was seen by FIIs; however, they have been liquidating some on index long carry forward position.
Now, the Nifty has multiple strong supports at lower levels around 9,250, 9,200 and 9,170. In the May series, we are seeing options open interest is building up in 9,300 puts which indicate higher probability of upside breakout in prices from recent consolidations.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 9 May 2017

The Rupee On Tuesday Opened At 64.42 Against The Dollar


The rupee on Tuesday opened at 64.42 against the dollar, 12 paise lower than its previous close, on strong demand for the greenback from nationalised banks and importers.

On Monday, the rupee had closed 7 paise higher from its Friday close, after having seen higher gains earlier in the session. However, towards the end of trade, demand for the dollar returned and many nationalised banks were seen buying dollars.

"USD-INR pair has been trading in a range-bound manner, affected by global developments. Expect 64.20-64.40/dollar range to prevail," said Bhaskar Panda of HDFC Bank. "On 10-year benchmark front, expect the yield to hover between 6.92-6.95 percent today," he added.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 8 May 2017

Indian Rupee Opens At 64.27 Per Dollar; Gains 10 Paise

The Indian rupee gained in the early trade on Monday. It has opened higher by 10 paise at 64.27 per dollar versus Friday's close 64.37.

Pramit Brahmbhatt of Veracity said, "Consolidation near 64.20/USD, resulted into positive divergence on daily chart for USD. A technical pull-back may get extended till 64.50."

"Bias would remain positive for USD and USD-INR pair will trade in a range of 64.20 to 64.50," he added.

The euro hit its highest level in six months against the US dollar as traders looked beyond the French elections to the potential for the European Central Bank to signal further reduction in bond-buying, while the greenback was steady against the yen.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 5 May 2017

Shares Of Jubilant Life Sciences Gained 1.6 Percent Intraday

Shares of Jubilant Life Sciences gained 1.6 percent intraday as it is going to acquire the radiopharmacy business of Triad Isotopes.

"Jubilant Pharma, a material wholly owned subsidiary of Jubilant Life Sciences, through one of its wholly owned subsidiaries, has signed an asset purchase agreement with Triad Isotopes Inc. and its parent, Isotope Holdings, Inc. to acquire substantially all of the assets which comprise the radiopharmacy business of Triad," as per company release.

The acquisition will facilitate Jubilant forward integrate in the radiopharmaceutical business, thereby helping it better directly serve healthcare providers and their patients with high quality radiopharmaceutical products.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 4 May 2017

The Nifty Is In A Consolidation Mode And Looks Like It Will Continue For Some More Time


The Nifty is in a consolidation mode and looks like it will continue for some more time till there is a range breakout. We haven't seen that kind of momentum which has been prevailing in the last couple of sessions.

For the index to move beyond the current range, we need to see a pick-up in volume momentum and activity in the cash market. Instead, the market has been moving in a range in the last couple of days with resistance at 9,350 – 9,380 while support is seen at 9,250 is keeping the lower levels intact.
A breach of this range will provide further direction, with a bias towards positive side since we are in a short-term bull trend.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Maintained Uptrend In Morning, With The Sensex Trading Higher

Equity benchmarks maintained uptrend in morning, with the Sensex trading higher by more than 150 points, backed largely by banking & financials sector on hopes of moderation in slippages in current financial year.

The 30-share BSE Sensex was up 187.82 points at 30,082.62 and the 50-share NSE Nifty rose 37.80 points to 9,349.75. The market breadth remained strong as about two shares advanced for every share falling on the BSE.

HDFC Bank was up 0.4 percent ahead of fourth quarter earnings due later today.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 3 May 2017

Bajaj Auto Said Its Total Sales In April Fell 0.3 Percent To 3.29 Lakh Units

Bajaj Auto said its total sales in April fell 0.3 percent to 3.29 lakh units compared with 3.30 lakh units sold in same month last year. Weak domestic sales hit total sales performance of the company.

Numbers were ahead of Motilal Oswal estimates of 2.71 lakh units.

Domestic sales declined 21 percent to 1.77 lakh units but exports shot up 46 percent to 1.51 lakh units compared with corresponding month last year.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 2 May 2017

Maruti Suzuki Share Price Hit Fresh Record High of Rs 6,700

Maruti Suzuki share price hit fresh record high of Rs 6,700, up 2 percent after showing 19.5 percent growth in April auto sales while Tata Motors fell nearly a percent.

HDFC, L&T, Asian Paints, ITC and ICICI Bank were other gainers while Reliance Industries and HDFC Bank were losers.
The Indian rupee opened marginally higher at 64.18 per dollar today against Friday's closing value of 64.24.

Bhaskar Panda of HDFC Bank says the USD-INR pair has been consolidating above the 64/dollar mark.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Marico Q4 Profit Likely To Jump 14%, Domestic Volume Growth May Be 6-7%

FMCG firm Marico is expected to report profit growth of 13.8 percent at Rs 155 crore for January-March quarter compared with Rs 136.2 crore in same quarter last fiscal.

Consolidated revenue during the quarter may grow 6 percent year-on-year to Rs 1,370 crore from Rs 1,292 crore, according to average of estimates of analysts polled by CNBC-TV18.

Operating profit on consolidated basis may see 8 percent growth at Rs 231 crore and margin may expand 30 basis points to 16.9 percent compared with year-ago period.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory