Contact Your Financial Adviser Money Making MC
29
October 2018
The
major indices of the Indian stock markets rallied on Monday and closed with
gains over Friday’s close. On the NSE, there were 1,339 advances, 404 declines
and 325 unchanged. The trends of the major indices in the course of Monday’s
trading are given in the table below:
The
key domestic indices -- the S&P BSE Sensex and NSE Nifty50 -- gained over
1.50% on the back of value buying by investors on Monday. All the 19 sectors on
the BSE gained, with banking and finance counters leading. Gains were witnessed
in export-oriented stocks like healthcare and IT (information technology)
counters.
Sundram
Fasteners reported Q2 FY19 standalone results of total revenue at Rs1,001.61
crore (Rs818.45 crore), up 22.4% year-on-year. Profit after tax was at Rs110.22
crore (Rs90.43 crore), up 21.9% year-on-year. Earnings per shares were at
Rs5.25 (Rs4.30). Interim dividend of Rs2.00 per share was declared. The company’s
shares closed at Rs519.00, up 0.09% on the BSE.
Century
Textiles reported Q2 FY19 standalone results which included Income from
operations at Rs2,088.89 crore (Rs1,821.69 crore), up 14.7% year-on-year.
Net profit was at Rs156.52 crore (Rs52.78 crore), up 196.6% year-on-year.
Earnings per share were at Rs14.01 (Rs4.72). Century Textiles shares closed at
Rs805.15, up 4.40% on the NSE.
Prakash
Industries reported Q2 FY19 standalone results of net revenues at Rs950.31
crore (Rs647.92 crore), up 46.7% year-on-year. Profit after tax was at Rs130.73
crore (Rs71.06 crore), up 84% year-on-year. Earnings per share were at Rs8.03
(Rs4.69). The company’s shares closed at Rs104.55, up 3.46% on the NSE.
Vijaya
Bank reported Q2 FY19 results including, net interest income (NII) at
Rs1,165.52 crore (Rs1,008.40 crore), up 15.6% year-on-year. Net Profit
was at Rs139.94 crore (Rs185.46 crore), down 24.5% year-on-year.
Provisions were at Rs488.21 crore (Rs449.65 crore). Gross non-performing
assets (GNPA) were at 5.86% (7.06%). Net non-performing assets (NNPA) were at
3.81% (4.86%). Vijaya Bank shares closed at Rs43.15, up 6.15% on the NSE.
Alphageo
received Notification of Award of Contract from ONGC, NSP Project, Mumbai for
provision of 2D Seismic Data Acquisition services in un-appraised on land areas
of Sedimentary Basins of Ganga-Punjab Area for estimated Contract Value of
Rs33.89 crore. Alphageo shares closed at Rs484.00, up 1.83% on the NSE.
Cipla
received final approval for its ANDA for Metoprolol ER Tablets USP, from the US
FDA (United States of America). The drug is a generic version Aralez Pharma’s,
Toprol XL® which is indicated for the treatment of hypertension. Cipla shares
closed at Rs633.00, up 4.85% on the NSE.
Nestle
India reported Q2 FY19 results of revenue at Rs2,939.3 crore (Rs2,514 crore),
up 16.9% year-on-year. Profit after tax was at Rs446.1 crore (Rs343.1
crore), up 30% year-on-year. Earnings per share were at Rs46.27 (Rs35.59).
Nestle India shares closed at Rs9,646.00, up 0.80% on the NSE.
HDFC
Bank has been set to acquire 4.95% equity stake in NSDL for a cash
consideration of Rs163.34 crore at a price of Rs825 per equity share. The
bank’s shares closed at Rs1,929.90, down 1.60% on the NSE.
ICICI
Bank reported Q2FY19 results including net interest income (NII) at Rs6,417.58
crore (Rs5,709.07 crore), up 12.4% year-on-year. Net profit was at Rs908.88
crore (Rs2058.19 crore), down 55.8% year-on-year. Provisions were at Rs3,994.29
crore (Rs4,502.93 crore). Gross non-performing assets (GNPA) were at 8.54%
(7.87%). Net non-performing assets (NNPA) were at 3.65% (4.43%). ICICI Bank
shares closed at Rs351.45, up 11.34% on the NSE.
Atul
Ltd reported Q2 FY19 standalone results of revenue at Rs1,007.42 crore
(Rs787.25 crore), up 28% year-on-year. Net profit was at Rs119.02 crore
(Rs70.07 crore), up 69.9% year-on-year. Earnings per share were at Rs40.13
(Rs23.62). Atul shares closed at Rs3,290.00, up 2.16% on the NSE.
Indian
Overseas Bank reported Q2 FY19 standalone results of net interest income (NII)
at Rs1,208.31 crore (Rs1,520.38 crore), down 20.50% year-on-year. Loss of
Rs487.26 crore was reported (loss of Rs1,222.50 crore). Provisions were at
Rs2,016.60 crore (Rs2,238.09 crore). Gross non-performing assets (GNPA) were at
24.73% (22.73%). Net non-performing assets (NNPA) were at 14.34% (13.86%).
Indian Overseas Bank shares closed at Rs14.40, up 3.23% on the NSE.
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
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Major Indices (The Total
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