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31 January 2018
I had
mentioned in Tuesday’s closing report that Nifty, Sensex were looking
overextended. The major indices of the Indian stock markets were range-bound on
Wednesday and closed with minor losses over Tuesday’s close. On the NSE, there
were 641 advances, 1,088 declines and 292 unchanged. The trends of the major
indices in the course of Wednesday’s trading are given in the table below:
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Major Indices (The Total
Investment & Insurance Solutions)
Key
Indian equity indices traded in the red during the mid-afternoon session on
Wednesday, with the Sensex slipping below the psychologically important
36,000-mark and the Nifty50 below the 11,000-level. According to market
observers, negative global cues, coupled with selling pressure in consumer
durables, capital goods and healthcare stocks, pulled the key Indian equity
indices lower for the second consecutive session. Besides, investors turned
cautious and booked profits ahead of the presentation of the Union Budget
2018-19 on Thursday. The Total Investment
& Insurance Solutions
Diversified
conglomerate Piramal Enterprises reported an increase of 21% in its
consolidated net profit for the third quarter of 2017-18 financial year.
According to the company, its net profit during the quarter under review
increased to Rs490 crore from Rs404 crore reported for the corresponding period
of the previous fiscal. Further, the consolidated revenues grew by 22% to
Rs2,858 crore from Rs2,342 crore in Q3 2016-17. "We continue to deliver strong
performance since last many quarters. The consistency in our performance is an
outcome of the robustness of our business model and sharp focus on quality,
compliance, legal and risk mitigation across our businesses," said Ajay
Piramal, Chairman, Piramal Enterprises. The shares of the company closed at
Rs2,743.00, down 0.58% on the NSE. The Total
Investment & Insurance Solutions
Two-and
three-wheeler manufacturer TVS Motor Company reported a rise of 16.3% in its
net profit for the third quarter of 2017-18. According to the company, its net
profit during the quarter under review increased to Rs154.35 crore from
Rs132.67 crore reported for the corresponding period of the previous fiscal.
"During the quarter ended December 2017, the overall two-wheeler sales of
the company including exports grew by 13.8% to 7.99 lakh units...," the
company said in a statement. "Three-wheeler sales of the company
registered a growth of 67.7% to 26,968 units in the quarter under review as
against 16,081 units in the third quarter of 2016-17." Further, the company
exported 1.40 lakh units of two and three wheelers in the quarter under review
as against 0.99 lakh units in the third quarter of 2016-17 registering a growth
of 42.4%. The shares of the company closed at Rs697.00, down 2.37% on the NSE.
FMCG
(fast moving consumer goods) major Dabur India on Wednesday reported a rise of
13.02% in its consolidated net profit for the third quarter (Q3) ended December
31, 2017. The company's consolidated net profit for Q3 stood at Rs333.03 crore
as compared to the net profit of Rs294.67 crore reported during the
corresponding period of the last fiscal. For the quarter under review, the
total income of the FMCG major was reported at Rs2,032.78 crore -- up 5% --
from Rs1,935.97 crore posted during Q3 2016-17. "In a challenging business
environment, Dabur India delivered a strong overall performance to end the
third quarter of 2017-18 with a comparable India FMCG revenue growth of
17.7%," the company said in a statement. According to the company, the
domestic FMCG business reported an underlying volume growth of 13% during the
quarter. On a stand-alone basis, the net profit for Q3 FY18 rose by 15.9% to
Rs265.47 crore from Rs229.01 crore during the like period of last fiscal. The
total income was reported at Rs1,509.89 crore -- up 11.05% -- from Rs1,359.69
crore posted during Q3 FY17. Dabur shares closed at Rs356.50, down 0.59% on the
NSE.
The
top gainers and top losers of the major indices are given in the table below: The Total Investment & Insurance Solutions
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Top Gainer (The Total
Investment & Insurance Solutions)
The
closing values of the major Asian indices are given in the table below:
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| Asian Indices (The Total Investment & Insurance Solutions) |
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