Showing posts with label ncdex tips. Show all posts
Showing posts with label ncdex tips. Show all posts
Tuesday, 13 August 2019
CORPORATE NEWS By CapitalStars 13/August/2019
Yes Bank issues clarification regarding QIP
Shares of Yes Bank ended ~11% down in today's trade. The bank issued a clarification on the NSE today just before the closure of market hours. It stated, "It has been brought to the notice of Yes Bank management today that there are some rumors regarding the recently launched QIP on August 08, 2019. Through this intimation, we would like to confirm to the market participants, that the Board's Capital Raising Committee ("CRC") will consider and approve, amongst other things, the issue price for Equity Shares in respect of the QIP on August 14, 2019 (as was earlier communicated vide exchange release dated August 08, 2019). This intimation is intended to put to rest unnecessary speculation/ rumors being spread regarding the QIP."
Ipca Laboratories Q1 cons. net profit jumps 89%; stock down 3%
Ipca Laboratories Limited today announced its consolidated financial results for the first quarter ended June 30, 2019, of the financial year 2019-20. The company's Q1FY20 consolidated net profit was up 89% at Rs129.43cr vs. Rs68.55cr in the year-ago period. Total income also rose 23% at Rs1,098.53cr vs. Rs889.75cr.
Indiabulls Housing Finance jumps 11% post clarification
Shares of Indiabulls Housing Finance surged 11% after clarifying on the news item which appeared in the "economictimes.indiatimes.com" on August 09, 2019 captioned "Indiabulls founder to cede control after Lakshmi Vilas Bank merger". The company said that it has already applied for the approval of various regulators, including Reserve Bank of India, for the proposed merger of Indiabulls Housing Finance Limited along with its wholly-owned subsidiary company i.e. Indiabulls Commercial Credit Limited with The Lakshmi Vilas Bank Limited.
Reliance Capital down 6% on reports of plans to sell stake in home finance biz, take legal action against PwC
Media reports suggested that Reliance Capital is in talks with at least four companies to sell its stake in housing finance subsidiary Reliance Home Finance, which is under debt of around Rs11,500cr. According to reports, Reliance Capital is in talks with Varde Partners, AION Capital, Cerberus Management and Altico Capital India. From these, two companies are at an advanced stage of discussions with Reliance Capital.
Reliance Industries extends gain after Aramco deal
Shares of Reliance Industries Ltd (RIL) extended rally for the third straight day today. The company Chairman and Managing Director, Mukesh Ambani said that Saudi Aramco has agreed to a non-binding Letter of Intent (LOI) regarding a proposed investment in the Oil to Chemicals (O2C) division comprising the Refining, Petrochemicals and fuels marketing businesses of RIL, the company said on Monday at 42nd AGM. The deal with Aramco, which values the business at $75bn including debt, also includes an agreement for Aramco to sell up to 500,000 barrels per day (bpd) to Reliance's Jamnagar refinery in Gujarat.
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Closing Bell By CapitalStars 13/August/2019
04:05
closing bell, commodity tips, Equity tips, Intraday tips, MCX Tips, ncdex tips, Nifty tips
2 comments
DAILY NIFTY SMART MOVERS
SCRIPTS PRICE CHANGE (Rs.) PRE. CLOSE CHANGE (%) VOLUME
Indiabulls Housing
573.65 505.55 13.47 68.10 2068.34
Reliance Industries
1275.00 1162.00 9.72 113.00 2091.82
Sun Pharma Inds.
437.55 421.90 3.71 15.65 903.98
Page Industries
18003.40 17677.80 1.84 325.60 2.71
GAIL India
125.75 123.70 1.66 2.05 442.89
DAILY NIFTY TOP LAGGARDS
SCRIPTS PRICE CHANGE (Rs.) PRE. CLOSE CHANGE (%) VOLUME
BHEL
50.55 56.90 -11.16 -6.35 2668.79
Yes Bank
73.60 82.10 -10.35 -8.50 13321.31
Motherson Sumi Sys
97.25 106.80 -8.94 -9.55 1066.82
Divis Lab
1520.00 1665.50 -8.74 -145.50 233.87
Mah & Mah Finl. Serv
298.15 319.10 -6.57 -20.95 130.09
BEST CALL OF THE DAY (FINAL TG )
HNI OPTION
BUY M&M PUT 530 FINAL TGT
OPTION PREMIUM
BUY RELIANCE CALL 1260 FINAL TGT
NIFTY FUTURE
SELL NIFTY FUT FINAL TGT
OPTION STRATEGY
BUY MUTHOOTFIN PUT 620 FINAL TGT
INDEX OPTION
BUY NIFTY PUT 11500 FINAL TGT
BLUECHIP FUTURE
BUY RELIANCE FUT FINAL TGT
FUTURE INTRADAY
SELL CADILAHC FUT FINAL TGT
FUTURE PREMIUM
SELL JUSTDIAL FUT FINAL TGT
CASH INTRADAY
BUY RELIANCE IN CASH ALMOST FINAL TGT
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Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday
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Investment trading in securities market is
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performance. CapitalStars Investment Adviser: SEBI Registration Number:
INA000001647
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Monday, 12 August 2019
Market Live By CapitalStars 13/August/2019
21:18
commodity tips, Equity tips, Intraday tips, Market live, MCX Tips, ncdex tips, Nifty tips
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Nifty likely to open flat.
The Nifty50 is expected to open flat on Tuesday following Asian markets which were trading largely mixed as fears about a drawn-out Sino-US trade war, protests in Hong Kong and a crash in Argentina peso currency drove investors to safe harbours like bonds, gold, and the yen. The sentiment was already weak due to increasing signs that the United States and China will not quickly resolve their year-long trade war, said a Reuters report. Markets were hit with further turbulence after protesters managed to close down Hong Kong airport on Monday, it said. Trends on SGX Nifty indicate a positive opening for the broader index in India, with 0.32 percent gain or 35.5 points. Nifty futures were trading around 11,125-level on the Singaporean Exchange.
Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.66% while the Hang Seng is down 1.38%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished sharply lower today with shares in Brazil leading the region. The Bovespa is down 2.11% while Mexico's IPC is off 1.41% and U.S.'s S&P 500 is lower by 1.22%.
European Markets: European markets finished lower today with shares in London leading the region. The FTSE 100 is down 0.37% while France's CAC 40 is off 0.33% and Germany's DAX is lower by 0.12%.
Major Headlines of the day:
Rupee stands at 71.14 per dollar.
Saudi Aramco and Reliance Industries sign non-binding LoI to acquire a 20% stake in company oil & chemicals division Saudi Aramco potential 20% stake is based upon an Enterprise Value of US$ 75bn for the O2C division.
Syndicate Bank revises its MCLR rate; reduces it by 25bps The bank will continuously work towards offering a greater reduction in various products in the coming days based on external market benchmarks.
Earnings Reaction To Watch
BHARATFORGE
BLUESTAR
COALINDIA
GLENMARK
GNFC
GODREJIND
MANNAPURAM FIN
ONGC
RITES
Financial
Advisory Company in Indore, Stock
Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday
stock tips, Free
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Investment trading in securities market is
always subjected to market risks, past performance is not a guarantee of future
performance. CapitalStars Investment Adviser: SEBI Registration Number:
INA000001647
For more details call
on 9977499927 or visit our website www.capitalstars.com
Opening Bell By CapitalStars 13/August/2019
21:03
commodity tips, Equity tips, Intraday tips, MCX Tips, ncdex tips, Nifty tips, opening bell
1 comment
CS NIFTY FUTURES (AUG) OVERVIEW
TREND BEARISH
RES 2: 11420
RES 1: 11250
SUP 1: 11000
SUP 2: 10900
CS BANK NIFTY FUTURES (AUG) OVERVIEW
TREND BEARISH
RES 2: 28900
RES 1: 28750
SUP 1: 28200
SUP 2: 28000
Financial
Advisory Company in Indore, Stock
Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday
stock tips, Free
commodity tips
Investment trading in securities market is
always subjected to market risks, past performance is not a guarantee of future
performance. CapitalStars Investment Adviser: SEBI Registration Number:
INA000001647
For more details call
on 9977499927 or visit our website www.capitalstars.com
Friday, 9 August 2019
CORPORATE NEWS 09/August/2019
MRF zooms ~5% as cons. PAT rises 3% yoy to Rs273.3cr in Q1FY20
Shares of tyre major MRF are trading ~5% higher after reporting Q1 results for the quarter ended June 2019.
The company's consolidated net profit rose 3% yoy to Rs273.3cr against Rs260.7cr.
Its revenue grew 16.5% yoy at Rs4, 471cr vs. Rs3, 836.3cr.
EBITDA rose 6.3% yoy at Rs612.3cr and EBDITA margin was at 13.7%.
Alembic Pharma gets USFDA tentative approval for Bimatoprost Ophthalmic Solution, 0.01%
Alembic Pharmaceuticals Limited announced that the Company has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Bimatoprost Ophthalmic Solution, 0.01%. The tentatively approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), LUMIGAN ophthalmic solution 0.01%, of Allergan Inc. Bimatoprost Ophthalmic Solution, 0.01% is indicated for the reduction of elevated intraocular pressure in patients with open angle glaucoma or ocular hypertension.
Bimatoprost Ophthalmic Solution, 0.01% has an estimated market size of $704mn for twelve months ending December 2018 according to IQVIA.
Mahanagar Gas reports ~33% yoy jump in PAT for Q1FY20
Shares of Mahanagar Gas are down ~3% after opening up 2% in early trade. The company posted its Q1FY20 results on Thursday.
Mahanagar Gas' net profit rose 32.66% yoy to Rs170.24cr in the quarter under review.
Revenue went up on 22.55% yoy at Rs777.83cr for the June quarter.
The board in its meeting also approved the appointment of Dr. Ashutosh Karnatak as an additional Director (Non-Executive & Non Independent) and Chairman of the Company effective from August 01, 2019.
Britannia Ind. adjusted PAT up 3% yoy to Rs267cr in Q1FY20
Britannia Industries Ltd. (BIL), India leading Food Company, reported its Q1FY20 results today. The company's consolidated revenue rose 6% yoy for the quarter to Rs2, 677cr.
Adjusted Net Profit increased by 3% yoy to Rs267cr (Reported Net profit at Rs251cr).On the cost front, the company witnessed moderate inflation in the prices of key raw materials for the bakery business. However, the inordinate rise in milk prices impacted profitability of the company's Dairy business adversely.
Cadila Healthcare's Q1FY20 PAT falls 34% yoy in Q1FY20 to Rs303cr
Zydus Cadila announced its Q1FY20 results today.For the first quarter ended June 30, 2019, the company's consolidated net profit was down 34% yoy at Rs303.6cr against Rs 460.5cr.
Its revenue was up 20.8% yoy at Rs3, 496.3cr against Rs2, 893.7cr.
Financial
Advisory Company in Indore, Stock
Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday
stock tips, Free
commodity tips
Investment trading in securities market is
always subjected to market risks, past performance is not a guarantee of future
performance. CapitalStars Investment Adviser: SEBI Registration Number:
INA000001647
For more details call
on 9977499927 or visit our website www.capitalstars.com
Closing Bell By CapitalStars 09/August/2019
03:34
closing bell, commodity tips, Equity tips, Intraday tips, MCX Tips, ncdex tips, Nifty tips
1 comment
DAILY NIFTY SMART MOVERS
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME
Indiabulls Housing
505.55 444.35 13.77 61.20 2382.95
Motherson Sumi Sys
106.80 98.35 8.59 8.45 912.56
Mah & Mah Finl. Serv
319.00 300.95 6.00 18.05 259.38
Eicher Motors
17600.05 16800.40 4.76 799.65 6.82
RBL Bank
384.20 367.35 4.59 16.85 915.92
DAILY NIFTY TOP LAGGARDS
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME
Yes Bank
82.10 89.15 -7.91 -7.05 14061.57
Page Industries
17625.00 18477.35 -4.61 -852.35 5.69
Cipla
485.20 503.30 -3.60 -18.10 1038.70
Hindalco
176.60 181.05 -2.46 -4.45 941.92
Tech Mahindra
664.50 680.65 -2.37 -16.15 99.48
BEST CALL OF THE DAY (FINAL TG )
NIFTY FUTURE
BUY NIFTY FUT FINAL TGT
HNI FUTURE
BUY MARUTI FUT FINAL TGT
Financial
Advisory Company in Indore, Stock
Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday
stock tips, Free
commodity tips
Investment trading in securities market is
always subjected to market risks, past performance is not a guarantee of future
performance. CapitalStars Investment Adviser: SEBI Registration Number:
INA000001647
For more details call
on 9977499927 or visit our website www.capitalstars.com
Thursday, 8 August 2019
CORPORATE NEWS By CapitalStars 08/August/2019
04:08
commodity tips, corporate news, Equity tips, Intraday tips, MCX Tips, ncdex tips, Nifty tips
No comments
Thermax stock gains ~3% after net profit up 29% in Q1
For the first quarter of FY19-20, at the consolidated level, Thermax's profit after tax for the quarter was higher by 29% at Rs63cr vs. Rs49cr in Q1FY19. Revenue was up 34% at Rs1, 392cr as compared to Rs1, 035cr in the corresponding quarter last year.
As on June 30, 2019, Thermax Group's order balance was down 18% at Rs5, 250cr vs. Rs6, 420cr in FY19. Order booking for the quarter was 26% lower at Rs1, 217cr on account of slowdown in investment sentiment witnessed in both domestic and international markets.
Cipla down 3% after muted Q1 nos, brokerage downgrades
Shares of Cipla fell 3% intraday and is currently trading 4% down after the pharma major reported weak numbers for the June quarter yesterday.
The pharma company's revenue declined in India and South Africa, which account for ~50% of its sales.Further, media reports stated that international brokerage firm CLSA downgraded Cipla to "sell" from "outperform" and cut the target price on the stock to Rs460 from Rs600.
CLSA also cut EPS (earning per share) estimates over FY20-22 by 9-14% owing to the absence of a near-term catalyst.
Maruti Suzuki cuts production by 25% yoy for 6th month in a row in July
Maruti Suzuki India cut its production in July by by 25.15% yoy, making it the sixth month in a row that the country's largest car maker reduced its output.
The company produced a total of 1, 33,625 units in July, compared with 1, 78,533 units in the year-ago month, according to the co's filing on the BSE.
Passenger vehicles' production last month stood at 1, 30,541 units as against 1,75,456 units in July 2018, a decline of 25.6% yoy.
Siemens stock soars 4.5% after Q3FY19 profit up by 21.4%
For the third quarter of Financial Year 2019 ended June 30, 2019, Siemens Ltd. registered profit after tax at Rs248cr, with an increase of 21.4 % over the same quarter last year. Revenue stood at Rs3, 110cr, a 4.9% increase over the same quarter in the preceding year.The company new orders stood at Rs3, 023, registering a 6.4% increase over the same quarter last year.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, We have delivered very solid results in the third quarter although we see a slowdown in capex related ordering by our customers, both public and private, and across our market verticals. Liquidity is becoming a concern in the industry, with payments being delayed and inventory offtake slowing down. In this scenario, our focus continues driving our short term and digitalization businesses with a clear focus on profitable growth and working capital management.
Tata Steel divests 70% in Thailand arm to Synergy Metals & Mining Fund
Tata Steel's board on Wednesday approved of signing of a memorandum of understanding (MoU) with Dubai-based Synergy Metals and Mining Fund to divest 70% of its stake in Tata Steel Thailand.
Synergy Metals and Mining Fund is a private equity fund focussed on investments in the metals, mining, and natural resources sectors.The approval comes a day after Tata Steel announced that it will no longer be selling its South East Asian units including NatSteel and Tata Steel Thailand to China's Hesteel with which it had signed definitive agreements in January for the same.
Financial
Advisory Company in Indore, Stock
Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday
stock tips, Free
commodity tips
Investment trading in securities market is
always subjected to market risks, past performance is not a guarantee of future
performance. CapitalStars Investment Adviser: SEBI Registration Number:
INA000001647
For more details call
on 9977499927 or visit our website www.capitalstars.com
Closing Bell By CapitalStars 08/August/2019
DAILY NIFTY SMART MOVERS
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME
Aurobindo Pharma
598.00 555.00 7.75 43.00 983.12
HCL Tech.
1094.00 1022.30 7.01 71.70 130.63
Tata Motors - DVR
58.60 55.00 6.55 3.60 624.90
Tata Motors
123.95 117.40 5.58 6.55 2522.17
JSW Steel
221.75 212.10 4.55 9.65 413.44
DAILY NIFTY TOP LAGGARDS
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME
Cummins India
602.50 652.65 -7.68 -50.15 104.20
Tata Steel
367.40 381.80 -3.77 -14.40 1269.54
Cipla
503.30 519.00 -3.03 -15.70 166.88
Lupin
761.20 781.75 -2.63 -20.55 175.72
Ultratech Cement
4231.70 4343.45 -2.57 -111.75 54.57
BEST CALL OF THE DAY (FINAL TG )
OPTION PREMIUM
BUY AUROPHARMA CALL 580 FINAL TGT
BUY SIEMENS CALL 1160 FINAL TGT
BLUECHIP FUTURE
BUY AUROPHARMA FUT FINAL TGT
HNI CASH
BUY HCLTECH IN CASH FINAL TGT
CASH INTRADAY
BUY AUROPHARMA IN CASH FINAL TGT
FUTURE INTRADAY
BUY AUROPHARMA FUT FINAL TGT
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME
Aurobindo Pharma
598.00 555.00 7.75 43.00 983.12
HCL Tech.
1094.00 1022.30 7.01 71.70 130.63
Tata Motors - DVR
58.60 55.00 6.55 3.60 624.90
Tata Motors
123.95 117.40 5.58 6.55 2522.17
JSW Steel
221.75 212.10 4.55 9.65 413.44
DAILY NIFTY TOP LAGGARDS
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME
Cummins India
602.50 652.65 -7.68 -50.15 104.20
Tata Steel
367.40 381.80 -3.77 -14.40 1269.54
Cipla
503.30 519.00 -3.03 -15.70 166.88
Lupin
761.20 781.75 -2.63 -20.55 175.72
Ultratech Cement
4231.70 4343.45 -2.57 -111.75 54.57
BEST CALL OF THE DAY (FINAL TG )
OPTION PREMIUM
BUY AUROPHARMA CALL 580 FINAL TGT
BUY SIEMENS CALL 1160 FINAL TGT
BLUECHIP FUTURE
BUY AUROPHARMA FUT FINAL TGT
HNI CASH
BUY HCLTECH IN CASH FINAL TGT
CASH INTRADAY
BUY AUROPHARMA IN CASH FINAL TGT
FUTURE INTRADAY
BUY AUROPHARMA FUT FINAL TGT
Financial
Advisory Company in Indore, Stock
Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday
stock tips, Free
commodity tips
Investment trading in securities market is
always subjected to market risks, past performance is not a guarantee of future
performance. CapitalStars Investment Adviser: SEBI Registration Number:
INA000001647
For more details call
on 9977499927 or visit our website www.capitalstars.com
Wednesday, 7 August 2019
Market Live By CapitalStars 08/August/2019
21:39
commodity tips, Equity tips, Intraday tips, Market live, MCX Tips, ncdex tips, Nifty tips
No comments
Nifty likely to open higher.
The Nifty50 is expected to open higher on Thursday following a mixed trend seen in other Asian markets. Overnight, US markets closed mostly higher but rising worries over a global economic downturn capped gains. The Dow Jones Industrial Average fell 22.45 points to 26,007.07, the S&P 500 gained 2.21 points to 2,883.98 and the Nasdaq Composite added 29.56 points to 7,862.83. Back home, the S&P BSE Sensex fell 286 points to 36,690 while the Nifty50 closed 92 points lower at 10,855 on Wednesday. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with 0.04 percent gain or 4 points. Nifty futures were trading around 10,869-level on the Singaporean Exchange.
Global Market:
Asian Markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.59% while the Hang Seng is up 0.37%. The Shanghai Composite is not trading.
US Markets: North and South American markets finished broadly higher today with shares in Mexico leading the region. The IPC is up 1.63% while Brazil's Bovespa is up 0.61% and U.S.'s S&P 500 is up 0.08%.
European Markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.71% while France's CAC 40 is up 0.61% and London's FTSE 100 is up 0.38%.
Major Headlines of the day:
Rupee stands at 70.80 per dollar.
UltraTech Cement Q1FY20E Result Expectation Company is expected to report 18.5% yoy growth in revenue led by ~16% yoy volume growth; ramp-up of Binani Cement plans to aid the volume growth.
Srei Infrastructure reports 69% yoy fall in cons. PAT to Rs42.67cr in Q1FY20 Total consolidated income for the quarter ended June 30, 2019, was at Rs1,582.58cr as against Rs1,548.93cr recorded during the quarter ended June 30, 2018.
Aurobindo Pharma posts 39.5% rise in cons. net profit at Rs635.8cr Revenue from operations rose 28.1% yoy to Rs5,444.6cr during the quarter under review from Rs4,250cr in the corresponding quarter of the previous year.
Earnings Reaction To Watch
ADANI ENTERPRISE
ADANI TRANSPORT
EMAMI
GNFC
GODREJPROP
HEXAWARE
TATACHEM
THERMAX
UCO BANK
Trend in FII flows:- The FIIs were Net Value of Rs -383.66 segment while the DIIs were Net Value of 531.56 the provisional figures.
Financial
Advisory Company in Indore, Stock
Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday
stock tips, Free
commodity tips
Investment trading in securities market is
always subjected to market risks, past performance is not a guarantee of future
performance. CapitalStars Investment Adviser: SEBI Registration Number:
INA000001647
For more details call
on 9977499927 or visit our website www.capitalstars.com
CORPORATE NEWS By CapitalStars 07/August/2019
Lupin up 2.5% as net profit jumps ~50% yoy in Q1FY20
Shares of Lupin Ltd. are currently up 2.5% on reporting Q1FY20 results.
In the quarter ended June 2019, sales came in at Rs4, 355cr compared to Rs4, 326cr in Q4FY19 (up 0.7% qoq) and Rs3, 775cr in Q1FY19 (up 15.4% yoy).
EBITDA for the quarter was Rs932cr compared to Rs711cr in Q1FY19 up 31.1% yoy.
Consequently, net profits for the quarter came in at Rs303.1cr vs. Rs202.8cr in Q1FY19, up 49.5% yoy.
The co's investment in Research and Development for the quarter was Rs378.5cr, which accounts for 8.7% of sales.
SBI to reduce MCLR by 15bps from August 10
Country largest lender State Bank of India (SBI) has announced the reduction in its MCLR by 15bps across all tenors The 1-year MCLR would come down to 8.25% p.a from 8.40% p.a. with effect from August 10, 2019. This is the fourth consecutive cut in MCLR in FY 2019-20.
With today MCLR cut, home loans have become cheaper by 35bps since April 10, 2019. Also, SBI is offering a Repo Linked Home Loan Product w.e.f July 1, 2019.
With today cut in the Policy rate, SBI effective Repo Linked Lending Rate (RLLR) for CC/ OD customers will stand revised to 7.65% w.e.f. September 01, 2019.
Cadila down 1% after USFDA classifies Moraiya unit as OAI
The company's filing on NSE read, "We wish to inform you that the Company has received a letter from the USFDA classifying the inspection conducted at the Company's Moraiya facility located at Ahmedabad, Gujarat from April, 22 2019 to May 3, 2019 as 'Official Action Indicated' (OAI). The Company believes that this classification will not have any impact on the current supplies or revenues of this facility."
The company is in the process of sending further updates of its corrective actions to the USFDA and remains hopeful of a positive outcome, it added.
Rain Industries closes Netherlands plant on eroding profits
Shares of Rain Industries rose 1% in the late morning trade on the BSE. The company said in the press release that Rain Carbon Inc., a leading global producer of carbon-based products, has approved the shutdown of its Uithoorn resins production facility in the Netherlands by the end of March 2020.
"In light of eroding profitability for hydrocarbon and C9 aromatic resins, particularly for printing inks and adhesives, our subsidiary RUTGERS Resins B.V. will cease production in Uithoorn by the end of the first quarter next year," said Rain Carbon President Gerry Sweeney.
Voltas net profit at Rs166cr in Q1FY20
Voltas Limited, the global air conditioning and engineering services provider of the Tata Group, today announced the Consolidated Financial Results (including the Consolidated Segment Report) for the quarter ended 30th June 2019.
The company's profit after tax was Rs166cr as compared to Rs187cr last year. The Consolidated Gross Sales / Income from Operations for the quarter ended June 30, 2019 was higher by 24%, at Rs2, 647cr as compared to Rs2, 134cr in the corresponding quarter last year.
Financial
Advisory Company in Indore, Stock
Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday
stock tips, Free
commodity tips
Investment trading in securities market is
always subjected to market risks, past performance is not a guarantee of future
performance. CapitalStars Investment Adviser: SEBI Registration Number:
INA000001647
For more details call
on 9977499927 or visit our website www.capitalstars.com
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