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Jul 21, 2022 4:03 PM

Margin definitely a problem for IT sector: Sudip Bandopadhyay

Sudip Bandopadhyay, Group Chairman of Inditrade Capital, tells CNBC-TV18 that the margin issue is pretty apparent in largecap IT earnings. "If somebody is taking a slightly longer-term view, things do get balanced out. The rupee has depreciated sharply and company like Infosys have significant dollar earnings," he says.

The rupee depreciation does cover margin pressure to an extent as far as the overall profitability is concerned, he says. "However there can be some disappointment in earnings and correction from the current prices,” he adds.

Jul 21, 2022 4:03 PM

Final norms on online transfers to boost used tractor business: FADA's Vinkesh Gulati

Vinkesh Gulati, President of industry body Federation of Automobile Dealers Associations (FADA), believes the government's final norms on online transfers will boost the used tractor business in the country.

"The association is also pushing for a five-year trade license renewal with the government... Tractor OEMs makers need to focus on dealers and networks to boost customer experience,” he adds.

Jul 21, 2022 3:56 PM

Market At Close | Sensex and Nifty50 continue to rise for 5th straight day

Here are some highlights:

--IndusInd Bank rises eight percent after co posts an eight-quarter high net interest margin and healthy earnings

--Pharma stocks under pressure — DRL and Cipla fall two percent each

--Tata Communications jumps 11 percent on better-than-expected Q1 results

--Havells surges over two percent despite below-estimate Q1 earnings

--Gland Pharma falls six percent on weaker-than-expected earnings

--PVR rises two percent on stronger-than-expected Q1 results

--Hindustan Zinc rises 1.5 percent on strong earnings

--Market breadth favours the bulls, Advance-Decline Ratio At 2:1

Jul 21, 2022 3:47 PM

Rupee edges higher to end at 79.95 vs US dollar

On Wednesday, the rupee had settled at 79.99 against the greenback.

Jul 21, 2022 3:41 PM

ITC may continue to unlock value going forward: Deven Choksey

Deven Choksey of KRChoksey tells CNBC-TV18 that he expects ITC to continue to unlock value going forward. "Each of the verticals, be it FMCG, agri, paper, paperboard or even hotel, has systematically grown the business over a period of time. After growing to a size in some of the verticals, like FMCG, probably they would have a relatively better chance to get value unlock from hereon," he says.

"In the immediate term, you might see some profit booking because the market has rallied significantly, but if I look at the investment opportunity, every correction or a fall in stock price would be inviting more investors into the stock. So, one would definitely stay long if one is a long-term investor," he adds.

Jul 21, 2022 3:40 PM

Jul 21, 2022 3:00 PM

Jul 21, 2022 2:51 PM

Jul 21, 2022 2:39 PM

Hindustan Zinc shares at Rs 285.25, 3.4% off day's low

Jul 21, 2022 2:26 PM

Jul 21, 2022 2:10 PM

Jul 21, 2022 1:44 PM

Jul 21, 2022 1:33 PM

Buy Dixon Technologies, Nocil: Ashish Kyal

Here are some recommendations by Ashish Kyal of Waves Strategy Advisors

-- Buy Dixon Technologies for a target of Rs 4,280 with a stop loss at Rs 3,860

-- Buy Nocil for a target of Rs 310 with a stop loss at Rs 278

-- IndusInd Bank can move to Rs 1,130-1,140 and on the downside Rs 900 will remain a very important support, so it should not break below Rs 900.

Jul 21, 2022 1:20 PM

Jul 21, 2022 1:04 PM

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