ITC ends 4% lower after third quarter results, Yes Bank, Sun Pharma gain##ITC ends 4% lower after third quarter results, Yes Bank, Sun Pharma gain

Jan 23, 2019 3:59 PM

IndiGo net profit dips more than 70% for the third quarter compared to the same quarter last year##IndiGo net profit dips more than 70% for the third quarter compared to the same quarter last year

Jan 23, 2019 3:50 PM

Closing Bell: Sensex, Nifty end sharply lower as ITC drags indexes##Closing Bell: Sensex, Nifty end sharply lower as ITC drags indexes

The Sensex slipped by 336 points, or 0.92 percent, to settle at 36,108 at close, while the Nifty was at 10,831.50, down by over 91 points, or 0.84 percent. The Nifty MidCap ended lower by 0.11 percent. The advance-decline ration on the NSE stood at 825 stocks advancing against 1263 declines. On the BSE, it was at 1075 advances against 1476 declines. Nifty FMCG slumped nearly 2 percent, leading the 37 declining sectors. Nifty PSU Banks, BSE FMCG and BSE Consumer Durables were other major lagging sectors. Nifty Media, Nifty Pharma and BSE Metal were among 6 advancing sectors, rising by up to a percent. Among index gainers, Sun Pharma, Yes Bank, Zee Entertainment, Tata Steel, Wipro, Hindustan Unilever and Bajaj Finance surged between 0.75 percent and 3 percent. ITC slipped 4.3 percent, while other index losers included Grasim, Indiabulls Housing Finance, Titan, Infosys, M&M, Power Grid, SBI, falling between 1.3 percent and 2.76 percent.

Jan 23, 2019 3:49 PM

Can Fin Homes Q3 net profit up 21.4% at Rs 80.3 crore##Can Fin Homes Q3 net profit up 21.4% at Rs 80.3 crore

Jan 23, 2019 3:24 PM

Raymond Group reports 30% rise in consolidated net profit##Raymond Group reports 30% rise in consolidated net profit

Diversified Raymond Group reported an increase of 30 percent in consolidated net profit at Rs 39.95 crore for the third quarter ended December 2018. The company had posted a net profit of Rs 30.71 crore in October-December period a year ago. Total income during the reported period stood at Rs 1,705.68 crore, registering an increase of 12.69 percent from the December quarter of 2017-18. Raymond's total expenses were at Rs 1,639.03 crore as against Rs 1,471.38 crore in the year-ago period. Revenue from the textile segment stood at Rs 847.73 crore, up 10.32 percent from Rs 768.38 crore earlier.

Jan 23, 2019 3:15 PM

ITC erases all gains as Q3 margin disappoints##ITC erases all gains as Q3 margin disappoints

Shares of ITC erased their gains after the company today reported weak operating performance for the quarter ended December. Shares of ITC were down 2.31 percent at Rs 283.05 on the NSE at 2.48 pm.

Jan 23, 2019 2:47 PM

ITC Q3 profit up 4%, margin misses estimates##ITC Q3 profit up 4%, margin misses estimates

Cigarette-hotel-to-FMCG major ITC has reported a 4 percent on year growth in profit at Rs 3,209 crore, which was on expected lines but margin missed estimates. Profit in the corresponding quarter of last fiscal stood at Rs 3,090 crore, which included exceptional gain of Rs 413 crore. Revenue from operations in Q3 grew 15 percent year-on-year to Rs 11,227.66 crore, driven by gross across segments.

Jan 23, 2019 2:35 PM

ITC Q3 numbers meets CNBC-TV18 expectations, only EBITDA margin misses the poll by 150 bps##ITC Q3 numbers meets CNBC-TV18 expectations, only EBITDA margin misses the poll by 150 bps

Jan 23, 2019 2:24 PM

ITC posts Rs 3,209 crore net profit, share marignally low##ITC posts Rs 3,209 crore net profit, share marignally low

ITC third quarter net profit comes in at Rs 3,209 crore against CNBC-TV18 poll of Rs 3,077 crore. Shares were marginally lower by 0.35 percent, trading at Rs 288.75 on the BSE.

Jan 23, 2019 2:21 PM

Zee Entertainment up 3% as ICICI Securities upgrades rating to "add"##Zee Entertainment up 3% as ICICI Securities upgrades rating to "add"

Shares of Zee Entertainment Enterprises snapped a five-day losing streak to rise 3 percent as brokerage firm ICICI Securities upgraded rating on the stock to "add" from "hold". It believes the new norms on television channel tariffs will benefit the company. Given its high number of channels, the company is well placed to aggressively price packages lower than peers in a bid to protect market share, the brokerage firm said. Despite this aggressive pricing, Zee Entertainment's revenues are likely to be protected as it has a wide subscription base and variety of channels that are in demand, it said. ICICI Securities has retained Zee Entertainment's price target of Rs 589. Shares quoted at Rs 436.25 on the NSE, up by 2.6 percent at 2.20 pm. (Cogencis)

Jan 23, 2019 2:19 PM

Radico Khaitan reports Q3 net profit of nearly 49%##Radico Khaitan reports Q3 net profit of nearly 49%

Jan 23, 2019 1:49 PM

Yes Bank extends gains on hope of news about new CEO##Yes Bank extends gains on hope of news about new CEO

Shares of Yes Bank extended gains for the second trading session, and were up 3.1 percent at Rs 198.15 as investors hoped for some positive news about the new chief executive officer, said dealers. More than the earnings on Thursday, some "qualitative" news flow on the new appointment is eyed, which will end the uncertainity over the management of the bank, said an analyst. Co-founder Rana Kapoor's term as managing director and chief executive officer ends this month, and a smooth succession would lead to more buying in stocks, said dealers. For October-December, the bank's net profit is seen down 2.3 percent on year but up 9 percent on quarter at Rs 10.52 billion. Any number above this will be a big positive for the stock, the analyst said. So far today, over 24 million shares of Yes Bank were traded on the NSE versus a daily average of over 20 million shares. (Cogencis)

Jan 23, 2019 1:47 PM

JKumar Infraprojects up 1.4%, Sensex, Nifty flat##JKumar Infraprojects up 1.4%, Sensex, Nifty flat

J Kumar Infraprojects has received an order from Gujarat Metro Rail Corporation (GMRC) Limited for construction of elevated viaduct from Vastral Gam to Apparel Park to Ramp Start in Reach-1 (East -West Corridor) for Rs 255 crore, the company said in a BSE filing. Shares quoted at Rs 119.65, up by 1.4 percent on the BSE at 1.35 pm. Meanwhile, the Nifty was down by 8 points to trade at 10,915, while the Sensex was lower by 44 points to trade at 36,401.

Jan 23, 2019 1:37 PM

JMC Projects India surges 2.2% on Rs 507 crore order##JMC Projects India surges 2.2% on Rs 507 crore order

Civil engineering and construction firm JMC Projects (India) said it has secured orders worth Rs 507 crore in the domestic market. The company has received residential and commercial projects in South India totalling Rs 507 crore, JMC Projects said in a BSE filing. Shares quoted at Rs 91.05, up by 2.19 percent on the BSE at 12.50 pm.

Jan 23, 2019 12:50 PM

Market update: Sensex, Nifty flat, midcaps outperform##Market update: Sensex, Nifty flat, midcaps outperform

The Nifty has moved in a tight range of less than 40 points, trading at 10,938 at 12.20 pm, up by 15 points. The 50-share broader NSE index started at 10,931. The Sensex traded 15 points up at 36,459, after opening at 36,494. ICICI Bank, ITC, Hindustan Unilever and Sun Pharma shares batted for the bulls, while HDFC, Infosys and Tata Consultancy Services dragged indexes. Broader markets outperformed with the Nifty MidCap up by nearly half a percent. The BSE MidCap was up by 0.41 percent. In midcap space, DHFL, Nalco, Reliance Infra, Ajanta Pharma, PFC, Cholamandalam Finance, Jindal Steel, IDFC First, Mindtree were supporting the index, while TVS Motor, Glenmark Pharma, United Breweries, Bharat Forge capped gains. Among shares, Zee Entertainment, Sun Pharma, Yes Bank, Wipro, Hindustan Unilever, Tata Steel and Bajaj Finance were among top index gainers, rising between a percent and 3.2 percent. Tata Consultancy Services, Infosys, Power Grid Corp, IndusInd Bank, HDFC and Power Grid Corp, fell between half a percent and a percent.

Jan 23, 2019 12:37 PM

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