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16
July 2018
The
major indices of the Indian stock markets suffered a correction on Monday and
closed with losses over Friday’s close. On the NSE, there were 313 advances,
1,450 declines and 307 unchanged. The trends of the major indices in the course
of Monday’s trading are given in the table below:
Rise
in prices of manufactured products along with that of food articles and fuel
types accelerated India's wholesale inflation rate at 5.77% compared to 4.43%
in the previous month, official data showed on Monday. According to the
Ministry of Commerce and Industry, last month's WPI (wholesale price index)
rate was also higher on year-on-year (YoY) basis. It had risen by 0.90% in June
2017.
Petrol
prices fell around 10 paise across the four metro cities on Monday after rising
nearly a rupee and a half in the last 10 days. Prices of diesel also were down
around 13-15 paise from the levels on Sunday.
After
reaching new landmarks in the last couple of trading sessions, the key Indian
equity indices are witnessing another eventful week, with major quarterly
earnings and a key macro-economic data point, the Wholesale Price Index, in
this week. The Total Investment & Insurance
Solutions
According
to market observers, further developments in the ongoing trade tensions between
the US and China also would set the cues for the global markets. The markets
next week would look forward to the earnings season as larger companies such as
HUL (Hindustan Unilever), Bajaj group of companies will come out with their
results, said market analysts. Market is expecting 19% growth in PAT (profit
after tax) for Sensex index stocks and 14.7% for Nifty50 index stocks in Q1,
FY19 compared to a washout in last quarter. From here on market trend will
largely depend on progress of results season, pointed out market analysts. The Total Investment & Insurance Solutions
Pidilite
Industries in JV (joint venture) with MacBertan Pvt. Ltd., has set up an
adhesive manufacturing plant in Sri Lanka. Pidilite Lanka is to earmark Rs20
crore as investment towards the plant. The new plant will strengthen Pidilite's
position in the adhesive market in Sri Lanka. The company’s shares closed at
Rs1,048.00, down 1.55% on the NSE.
Suven
Life Sciences has secured product patents from Europe and South Korea
corresponding to the New Chemical Entities for the treatment of disorders
associated with Neurodegenerative diseases and patents are valid through 2033
and 2034. The company’s shares closed at Rs216.20, down 0.44% on the NSE.
Lupin
has received approval from UK MHRA for its Goa facility. The unit was inspected
by UK MHRA in March 2018 and there were no critical or major observations
cited. Lupin shares closed at Rs816.00, down 5.73% on the NSE.
Minda
Industries will be acquiring an 80% stake in iSYS RTS GmbH, Germany for a cash
consideration of EUR 5 Mn and infusing EUR 1.5 Mn in the equity shares of iSYS.
The Board approved JV (joint venture) with Kosei Group, Japan for setting up a
manufacturing unit of Moulds for Alloy Wheel at Bawal, Haryana. The company’s
shares closed at Rs419.00, up 0.01% on the NSE.
Aurobindo
Pharma signed a definitive Agreement to acquire Apotex' businesses in Poland,
Czech Republic, the Netherlands, Spain and Belgium for a cash consideration of
EUR 74 million. This would add over 200 generics and more than 80 OTC (over the
counter) products to Aurobindo's European portfolio. The company’s shares
closed at Rs574.95, down 4.52% on the NSE.
Cochin
Shipyard signed a shipbuilding contract with Inland Waterways Authority of
India for Design, Construction and Supply of 10 Ro-PAX and Ro-Ro Vessels. The
contract value is Rs102.6 crore and is to be delivered within a period of 18
months. The company’s shares closed at Rs429.70, down 1.79% on the BSE.
Tata
Motors Credit rating has been downgraded by Moody's for 'JLR Automotive PLC'.
Corporate Family Rating, Senior Unsecured Instrument Rating have been
downgraded to 'Ba2'. Portability of Default Rating has been downgraded to
'Ba2-PD'. The outlook for the company is stable. The problems of the company
are due to deterioration in credit matrix. The company’s shares closed at
Rs251.55, down 4.77% on the BSE. The Total
Investment & Insurance Solutions
Hindustan
Unilever Q1 FY19 results have been declared. Revenues were at Rs9,487 crore
(Rs8,529 crore in the same quarter of the previous year), up 11.2%
year-on-year. Profit after tax was at Rs1,529 crore (Rs1,283 crore in the same
quarter of the previous year), up 19.2% year-on-year. Hindustan Unilever shares
closed at Rs1,753.85, up 0.73% on the BSE.
CCL
Products Q1 FY19 consolidated results have been declared. Revenues were at
Rs294.44 crore (Rs246.76 crore in the same quarter of the previous year – 19.3%
growth year-on-year. Profit after text was at Rs39.46 crore (Rs27.03 crore in
the same quarter of the previous year – 46% growth year-on-year). Earnings per
share were at Rs2.97 (Rs2.03 in the same quarter of the previous
year). The company’s shares closed at Rs269.25, down 4.35% on the NSE.
DCB
Bank Q1 FY19 results have been declared. Net interest income was at Rs272.97
crore (Rs233.16 crore in the same quarter of the previous year – 17.1% growth
year-on-year). Net profit was at Rs69.50 crore (Rs65.22 crore in the same
quarter of the previous year – 6.6% growth year-on-year). Provisions were at
Rs33.23 crore (Rs35.50 crore in the same quarter of the previous year). Gross
non-performing assets were at 1.86% (1.74% in the same quarter of the previous
year). Net non-performing assets were at 0.72% (0.92% in the same quarter of
the previous year). The bank’s shares closed at Rs159.60, down 10.99% on
the NSE.
Bhansali
Engineering Polymers Q1 FY19 standalone results have been declared. Net
revenues were at Rs201.68 crore (Rs224.03 crore in the same quarter of the
previous year – 10% negative growth year-on-year). Profit after tax was
at Rs16.77 crore (Rs16.88 crore in the same quarter of the previous year –
negative growth of 0.70% year-on-year). Earnings per share were at Rs1.01
(Rs1.02 in the same quarter of the previous year). The company’s shares closed
at Rs128.20, down 4.97% on the NSE. The Total
Investment & Insurance Solutions
The
top gainers and top losers of the major indices are given in the table below:
The
closing values of the major Asian indices are given in the table below:The Total Investment & Insurance Solutions
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| Indices (The Total Investment & Insurance Solutions) |
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