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US China Trade War Escalations and Election Results: Volatility Set to Rule


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India could be the latest direct victim of the US-China trade war. The increasing escalations have already slowed down global growth.

On March 4, President Donald Trump announced that the US intends to terminate India as a beneficiary developing country under the GSP programme. The 60-day notice period ended on May 3.

These developments could see India bowing out as a preferred trade partner to the US and may lose its trade.

Is there another way out?

Tune in to find out...



This article (US China Trade War Escalations and Election Results: Volatility Set to Rule) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/fPyVkmMZoKA/tm.asp

Sensex Surges 537 Points; Banking and Auto Stocks Witness Buying


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Indian share markets continued their momentum and ended their trading session on a positive note today. Gains were largely seen in the banking sector, FMCG sector and auto sector.

At the closing bell, the BSE Sensex stood higher by 537 points (up 1.4%) and the NSE Nifty closed higher by 150 points (up 1.3%).

The BSE Mid Cap index ended the day up by 1.1%, while the BSE Small Cap index ended the day up by 0.5%.

Asian stock markets finished on a mixed note as of the most recent closing prices. The Hang Seng stood down by 1.2% and the Nikkei was trading up by 0.9%.

European markets were trading on a negative note. The FTSE 100 was down by 0.3%. The DAX was trading down by 0.9%, while the CAC 40 was down by 0.4%.

The rupee was trading at 70.16 to the US$ at the time of writing.

Indian share markets were trading in the green just ahead of exit polls results which are scheduled to come out on Sunday.

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The polling will end on May 19, 2019, after which exit polls will start to come out.

How the market reacts to the outcome remains to be seen. We will keep you updated on all the developments from this space. Stay tuned.

Also, speaking of the general mood in Indian stock markets these days, a lot of market participants are playing the prediction game ahead of elections.

A common theme is to sit on cash to escape the volatility ahead of the upcoming elections. In case there is an unexpected event, you can then get in post the correction.

But does timing the market work?

Not really, if you see the market performance in the year of the past three national elections (2004,2009 and 2014).

Downside of Timing The Stock Market

Looking at the returns in the above chart, staying out of the market to escape volatility would have been a costly affair every time.

The market gave above average returns in all three of those years.

This does not mean one can expect the same in the future.

But there's one thing for sure. Predicting short-term directions of the market is a futile and many a times a costly affair.

That's why we believe in picking safe stocks when they are actually 'safe' i.e. during such times of high pessimism and uncertainty.

In the news from the automobile sector, market participants were tracking Bajaj Auto share price as the company posted 20.9% year-on-year (YoY) rise in standalone profit at Rs 13.1 billion over Rs 10.8 billion in the same period last year.

Standalone revenue from operations jumped 8.9% YoY to Rs 73.9 billion during the quarter.

The company sold 11,93,590 standalone units in March quarter against 10,45,378 units in the same period last year.

During the quarter, the company reported its highest-ever operating profit of Rs 53.8 billion with EBITDA margin of 17.6%.

On a consolidated basis, the auto firm posted 20% YoY rise in profit at Rs 14.1 billion.

The board of the company has recommended a dividend of Rs 60 per share.

Speaking of auto sector, note that automobile companies have shifted to low gear and demand has flattened across the board. NBFC crisis, followed by lower off-tick of volumes, and increasing competition has taken a major toll on automobile original equipment manufacturer (OEMs).

According to reports, major dealers across the country have been burdened with high inventory prompting OEMs to re-align their production.

While private vehicles (PVs) have been facing stiff task with dealers across geographies grappling with higher inventory, commercial vehicles (CVs) are seeing some revival led by fresh disbursal by NBFCs.

It would be interesting to see how this trend will pan out ahead.

Also, for auto stocks, one thing to keep in mind is that not all auto companies will make money over time. And also, you shouldn't stay away from auto stocks altogether.

Even Tanushree Banerjee, Co-head of research at Equitymaster believes that there are businesses in this sector that you cannot ignore. She is particularly talking about the blue-chip auto stocks.

She believes, this could be the opportunity long term investors were waiting for.

Moving on to the news from the pharma space, Shilpa Medicare share price was also in focus today as the company said it has received final approval from the US health regulator for Docetaxel Injection. The injection is used for treatment of various types of cancers.

The company in its filing said that it has received US Food and Drug Administration final approval for its abbreviated new drug application(ANDA) Docetaxel Injection USP in the strengths of 20 mg/mL, 80 mg/4 mL (20 mg/mL), and 160 mg/8 mL (20 mg/mL).

The drug is a generic equivalent of reference listed drug (RLD) Taxotere used in the treatment of breast cancer, non-small cell lung cancer, prostate cancer, castric adenocarcinoma, head and neck cancer as recommended in the label approved by USFDA.

As per a data, the company said the US market for Docetaxel Injection USP is approximately US$ 32.13 million.

Speaking of pharma sector, we at Equitymaster believe that pharma companies that invest in creating a pipeline of complex generics or building competencies in alternative dosage forms are better equipped to tackle the changing dynamics in the US generics market as well as in the overall industry.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.



This article (Sensex Surges 537 Points; Banking and Auto Stocks Witness Buying) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/SPnEv97eZLY/tm.asp

Top 5 Mid-Cap Gainers Today; TATA GLOBAL Leads the Pack


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During the day, the BSE Mid-Cap index traded on a positive note.

The index opened the day at 14,155 and closed at 14,308, registering a gain of 1.1%.

Now let us look at the stocks that have gained the most in the BSE Mid-Cap index today.

Top 5 Mid-Cap Gainers Today

Stock NamePrevious Close (Rs)Today's Close (Rs)% GainTraded Volume
TATA GLOBAL2212366.81,555,418.0
DHFL1071125.01,891,632.0
PAGE INDUSTRIES21,75122,8004.81,968.0
WHIRLPOOL OF INDIA1,3611,4184.13,973.0
RBL BANK LTD6346594.0168,059.0
* Latest Price as on 17 May 2019 03:56 PM


TATA GLOBAL was the top gainer in the BSE Mid-Cap index today. The stock of the company witnessed buying interest and closed at Rs 236, up by 6.8%. The total volume of the shares traded today stands at 1,555,418.

Following TATA GLOBAL was DHFL, which gained around 5.0% today. The share price of DHFL traded at Rs 112 on the BSE and the total volume of shares traded today was 1,891,632.

PAGE INDUSTRIES, WHIRLPOOL OF INDIA, and RBL BANK LTD were also among the top 5 gainers in the BSE Mid-Cap index today. While PAGE INDUSTRIES was up 4.8%, WHIRLPOOL OF INDIA and RBL BANK LTD were up by 4.1% and 4.0%, respectively.

For a more detailed view on the above stocks, you can check the BSE Mid-Cap company results for March 2019 quarter and also visit our Indian stock market research section.

Top Mid-Cap Losers Today

On the other hand, the top losers in the BSE Mid-Cap index today were BLUE DART EXPRESS (down 8.6%), PNB HOUSING FINANCE LTD (down 3.4%) and KIOCL (down 3.3%).

For a more detailed view, you can check the latest BSE Mid-Cap stock quotes and BSE Mid-Cap long term chart.

What About the Benchmark Indices?

The BSE Sensex moved up from 37,393 to 37,931 today, registering a gain of 537 points (up 1.4%).

The most traded stocks in the BSE Sensex today were YES BANK and ICICI BANK.

The NSE Nifty moved up from 11,257 to 11,407 today, registering a gain of 150 points (up 1.3%).

The most traded stocks in the NSE Nifty today were YES BANK and SBI.



This article (Top 5 Mid-Cap Gainers Today; TATA GLOBAL Leads the Pack) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/VqZc7ZQmmIM/indian-share-markets-updates.asp

KOTAK MAHINDRA BANK at All Time High; BSE BANKEX Index Up 2.1%


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KOTAK MAHINDRA BANK share price has hit an all-time high at Rs 1,467 (up 3.7%).

Meanwhile, the BSE BANKEX Index is at 32,921 (up 2.1%).

Among the top gainers in the BSE BANKEX Index today are KOTAK MAHINDRA BANK (up 3.7%) and HDFC BANK (up 2.3%).

YES BANK (down 2.9%) is among the top loser today.

Over the last one year, KOTAK MAHINDRA BANK has moved up from Rs 1,282 to Rs 1,467, registering a gain of Rs 185 (up 14.4%).

The BSE BANKEX has moved up from 29,357 to 32,921, registering a gain of 3,564 points (up 12.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 36.5%), ICICI BANK (up 31.2%) and SBI (up 30.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,970 (up 1.5%). The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 6.3%), HERO MOTOCORP (up 4.5%) and KOTAK MAHINDRA BANK (up 3.7%). Other gainers include MARUTI SUZUKI (up 3.7%) and BAJAJ AUTO (up 3.3%). The most traded stocks in the BSE Sensex are ICICI BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,426 (up 1.4%). The top gainers in the NSE Nifty include ZEE ENTERTAINMENT (up 8.3%), BAJAJ FINANCE (up 5.9%) and BAJAJ FINSERV (up 4.7%). Other gainers include MARUTI SUZUKI (up 4.3%) and HERO MOTOCORP (up 4.2%).

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,970, registering a gain of 2,582 points (up 7.3%).

KOTAK MAHINDRA BANK Financial Update...

KOTAK MAHINDRA BANK net profit stood at Rs 18 billion for the quarter ended March 2019, compared to a profit of Rs 18 billion a year ago. Operating income rose 3.0% to Rs 79.8 billion during the period as against Rs 77.4 billion in January-March 2018.

For the year ended March 2018, KOTAK MAHINDRA BANK reported 24.2% increase in net profit to Rs 61.5 billion compared to net profit of Rs 49.5 billion during FY17.

Revenue of the company grew 12.6% to Rs 251 billion during FY18.

The current Price to earnings ratio of KOTAK MAHINDRA BANK, based on rolling 12 month earnings, stands at 40.2x.

This article (KOTAK MAHINDRA BANK at All Time High; BSE BANKEX Index Up 2.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/1VBCFuESHQ8/indian-share-markets-updates.asp

UNICHEM LAB Surges by 5%; BSE HEALTHCARE Index Down 1.4%


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UNICHEM LAB share price has zoomed 5% and is presently trading at Rs 185.

Meanwhile, the BSE HEALTHCARE Index is at 13,328 (down 1.4%).

Among the top Gainers in the BSE HEALTHCARE Index today are UNICHEM LAB (up 5.1%) and CAPLIN POINT (up 7.1%).

GLENMARK PHARMA and GSK PHARMA (down 0.3%) are among the top losers today.

Over the last one year, UNICHEM LAB has moved down from Rs 262 to Rs 185, registering a loss of Rs 78 (down 29.5%).

On the other hand, the BSE HEALTHCARE has moved up from 13,285 to 13,328, registering a gain of 43 points (up -1.0%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were DIVIS LABORATORIES (up 39.4%), DR. REDDYS LAB (up 34.1%) and SUVEN LIFESCIENCES (up 32.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,945 (up 1.3%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 6.0%), HERO MOTOCORP (up 4.0%) and BAJAJ AUTO (up 3.4%). Other gainers include MARUTI SUZUKI (up 3.3%) and KOTAK MAHINDRA BANK (up 3.2%). The most traded stocks in the BSE Sensex are ICICI BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,416 (up 1.3%). ZEE ENTERTAINMENT (up 7.7%) and BAJAJ FINANCE (up 6.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,945, registering a gain of 2,557 points (up 7.1%).

UNICHEM LAB Financial Update...

UNICHEM LAB net profit declined 110.9% YoY to Rs 63 million for the quarter ended December 2018, compared to a loss of Rs 580 million a year ago. Net Sales rose 53.8% to Rs 2.4 billion during the period as against Rs 1.6 billion in October-December 2017.

For the year ended March 2018, UNICHEM LAB reported 87.4% increase in net profit to Rs 1.3 billion compared to net loss of Rs 709.0 million during FY17.

Revenue of the company grew 17.1% to Rs 8 billion during FY18.

The current Price to earnings ratio of UNICHEM LAB, based on rolling 12 month earnings, stands at 211.4x.

This article (UNICHEM LAB Surges by 5%; BSE HEALTHCARE Index Down 1.4%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/bTh6RHk4t94/indian-share-markets-updates.asp

BIRLASOFT Surges by 5%; BSE IT Index Down 1.0%


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BIRLASOFT share price has zoomed 5% and is presently trading at Rs 88.

Meanwhile, the BSE IT Index is at 15,585 (down 1.0%).

Among the top Gainers in the BSE IT Index today is BIRLASOFT (up 5.0%).

SONATA SOFTWARE and TECH MAHINDRA (down 0.3%) are among the top losers today.

Over the last one year, BIRLASOFT has moved down from Rs 261 to Rs 88, registering a loss of Rs 173 (down 66.4%).

On the other hand, the BSE IT has moved up from 13,264 to 15,585, registering a gain of 2,321 points (up 16.0%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were L&T TECHONOLOGY (up 41.2%), WIPRO (up 39.2%) and INFOSYS (up 21.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,945 (up 1.3%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 6.0%), HERO MOTOCORP (up 4.0%) and BAJAJ AUTO (up 3.4%). Other gainers include MARUTI SUZUKI (up 3.3%) and KOTAK MAHINDRA BANK (up 3.2%). The most traded stocks in the BSE Sensex are ICICI BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,416 (up 1.3%). ZEE ENTERTAINMENT (up 7.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,945, registering a gain of 2,557 points (up 7.1%).

BIRLASOFT Financial Update...

BIRLASOFT net profit down at Rs 378 million for the quarter ended December 2018, compared to a loss of Rs 619 million a year ago. Net Sales declined 38.2% to Rs 5.6 billion during the period as against Rs 9.1 billion in October-December 2017.

For the year ended March 2018, BIRLASOFT reported 21.9% increase in net profit to Rs 2.6 billion compared to net profit of Rs 2.1 billion during FY17.

Revenue of the company grew 10.3% to Rs 37 billion during FY18.

The current Price to earnings ratio of BIRLASOFT, based on rolling 12 month earnings, stands at 5.8x.

This article (BIRLASOFT Surges by 5%; BSE IT Index Down 1.0%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/kF7sl-b2Rng/indian-share-markets-updates.asp

BSE Sensex Surges 551 Points; BAJAJ FINANCE Among Top Gainers


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The BSE Sensex has surged 551 points to 37,945 (up 1.4%).

Among the top gainers in the BSE Sensex today are BAJAJ FINANCE (up 6.2%), HERO MOTOCORP (up 3.5%) and MARUTI SUZUKI (up 3.5%). Other gainers include BAJAJ AUTO (up 3.4%) and HUL (up 3.0%).

VEDANTA LTD (down 1.5%) and INFOSYS (down 1.2%) are among the top losers today.

In the meantime, the NSE Nifty Index is up 140 points to 11,397 (up 1.3%).

The top gainers in the NSE Nifty Index include include ZEE ENTERTAINMENT (up 7.1%), BAJAJ FINSERV (up 4.7%) and HERO MOTOCORP (up 3.6%). Other gainers include MARUTI SUZUKI (up 3.3%) and EICHER MOTOR (up 3.2%).

Over the last one year, the BSE Sensex has moved up from Rs 35,388 to Rs 37,945, registering a gain of Rs 2,557 (up 7.1%).

The top gainers among the BSE Sensex stocks during this same period were BAJAJ FINANCE (up 72.3%), AXIS BANK (up 36.6%) and RELIANCE IND. (up 32.6%).

Which stocks contributed the most to the BSE Sensex?

The biggest contributors to the gain in the Sensex today were BAJAJ FINANCE (201 points) and HERO MOTOCORP (109 points).

Among the other contributors were MARUTI SUZUKI (230 points) and BAJAJ AUTO (201 points).



This article (BSE Sensex Surges 551 Points; BAJAJ FINANCE Among Top Gainers) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/-5saZmEe_Ms/indian-share-markets-updates.asp

SPICEJET Plunges by 5%; BSE 500 Index Up 1.2%


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SPICEJET share price has plunged 5% and is presently trading at Rs 132.

Meanwhile, the BSE 500 Index is at 14,774 (up 1.2%).

Among the top losers in the BSE 500 Index today are SPICEJET (down 5.3%) and BLUE DART EXPRESS (down 6.0%).

CHAMBAL FERTILISERS (up 13.1%) and BLISS GVS PHARMA (up 6.9%) are among the top gainers today.

Over the last one year, SPICEJET has moved up from Rs 113 to Rs 132, registering a gain of Rs 19 (up 17.2%)..

The BSE 500 has moved down from 14,801 to 14,774, loss of 27 points (down 0.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 140.0%), DCM SHRIRAM (up 130.8%) and VINATI ORGANICS (up 89.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,943 (up 1.4%). The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.7%). The most traded stocks in the BSE Sensex are ICICI BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,416 (up 1.3%). ZEE ENTERTAINMENT (up 7.1%) and BAJAJ FINANCE (up 5.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,943, registering a gain of 2,555 points (up 7.1%).

SPICEJET Financial Update...

SPICEJET net profit down at Rs 551 million for the quarter ended December 2018, compared to a loss of Rs 2 billion a year ago. Net Sales rose 19.3% to Rs 24.9 billion during the period as against Rs 20.8 billion in October-December 2017.

For the year ended March 2018, SPICEJET reported 43.4% increase in net profit to Rs 5.6 billion compared to net profit of Rs 3.9 billion during FY17.

Revenue of the company grew 26.0% to Rs 78 billion during FY18.

The current Price to earnings ratio of SPICEJET, based on rolling 12 month earnings, stands at down 22.6x.

This article (SPICEJET Plunges by 5%; BSE 500 Index Up 1.2%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/YqhBOHdMfpY/indian-share-markets-updates.asp

BAJAJ AUTO Surges by 6%; BSE AUTO Index Up 2.5%


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BAJAJ AUTO share price has zoomed 6% and is presently trading at Rs 3,122.

Meanwhile, the BSE AUTO Index is at 18,266 (up 2.5%).

Among the top Gainers in the BSE AUTO Index today is BAJAJ AUTO (up 5.6%).

MOTHERSON SUMI (down 0.8%) is among the top loser today.

Over the last one year, BAJAJ AUTO has moved up from Rs 2,808 to Rs 3,122, registering a gain of Rs 314 (up 10.8%).

On the other hand, the BSE AUTO has moved down from 24,791 to 18,266, loss of 6,525 points (down 26.4%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were BAJAJ AUTO (up 10.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,877 (up 1.1%).

The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 5.6%), BAJAJ FINANCE (up 5.5%) and HERO MOTOCORP (up 3.9%). Other gainers include MARUTI SUZUKI (up 2.8%) and HUL (up 2.8%). The most traded stocks in the BSE Sensex are ICICI BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,394 (up 1.0%). BAJAJ FINANCE (up 5.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,877, registering a gain of 2,489 points (up 6.8%).

BAJAJ AUTO Financial Update...

BAJAJ AUTO net profit stood at Rs 11 billion for the quarter ended December 2018, compared to a profit of Rs 10 billion a year ago. Net Sales rose 16.3% to Rs 74.1 billion during the period as against Rs 63.7 billion in October-December 2017.

For the year ended March 2018, BAJAJ AUTO reported 4.2% increase in net profit to Rs 42.5 billion compared to net profit of Rs 40.8 billion during FY17.

Revenue of the company grew 10.6% to Rs 251 billion during FY18.

The current Price to earnings ratio of BAJAJ AUTO, based on rolling 12 month earnings, stands at 20.7x.

This article (BAJAJ AUTO Surges by 6%; BSE AUTO Index Up 2.5%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/CAN901oKGf8/indian-share-markets-updates.asp

PC JEWELLER Plunges by 5%; BSE 500 Index Up 0.9%


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PC JEWELLER share price has plunged 5% and is presently trading at Rs 110.

Meanwhile, the BSE 500 Index is at 14,747 (up 0.9%).

Among the top losers in the BSE 500 Index today are PC JEWELLER (down 5.3%) and BLUE DART EXPRESS (down 5.9%).

CHAMBAL FERTILISERS (up 12.8%) and BLISS GVS PHARMA (up 6.3%) are among the top gainers today.

Over the last one year, PC JEWELLER has moved down from Rs 171 to Rs 110, registering a loss of Rs 62 (down 35.9%)..

The BSE 500 has moved down from 14,801 to 14,747, loss of 54 points (down 0.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 139.1%), DCM SHRIRAM (up 129.8%) and VINATI ORGANICS (up 89.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,877 (up 1.1%). The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 5.6%). The most traded stocks in the BSE Sensex are ICICI BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,394 (up 1.0%). BAJAJ FINANCE (up 5.6%) and ZEE ENTERTAINMENT (up 5.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,877, registering a gain of 2,489 points (up 6.8%).

PC JEWELLER Financial Update...

PC JEWELLER net profit down at Rs 1 billion for the quarter ended December 2018, compared to a loss of Rs 2 billion a year ago. Net Sales declined 19.9% to Rs 21.2 billion during the period as against Rs 26.4 billion in October-December 2017.

For the year ended March 2018, PC JEWELLER reported 27.2% increase in net profit to Rs 5.4 billion compared to net profit of Rs 4.2 billion during FY17.

Revenue of the company grew 13.4% to Rs 96 billion during FY18.

The current Price to earnings ratio of PC JEWELLER, based on rolling 12 month earnings, stands at 8.1x.

This article (PC JEWELLER Plunges by 5%; BSE 500 Index Up 0.9%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/3B54qwmK4Og/indian-share-markets-updates.asp

GODREJ CONSUMER Surges by 5%; BSE FMCG Index Up 2.0%


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GODREJ CONSUMER share price has zoomed 5% and is presently trading at Rs 670.

Meanwhile, the BSE FMCG Index is at 11,597 (up 2.0%).

Among the top Gainers in the BSE FMCG Index today are GODREJ CONSUMER (up 5.2%) and VENKYS (I) LIMITED (up 8.1%).

GILLETTE INDIA (down 0.2%) and EMAMI LTD (down 1.1%) are among the top losers today.

Over the last one year, GODREJ CONSUMER has moved down from Rs 729 to Rs 670, registering a loss of Rs 59 (down 8.1%).

On the other hand, the BSE FMCG has moved up from 11,344 to 11,597, registering a gain of 253 points (up 1.9%) during the last 12 months.

The top gainers among the BSE FMCG Index stocks during this same period were BALRAMPUR CHINI (up 139.9%), GODFREY PHILLIPS (up 25.5%) and GSK CONSUMER (up 22.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,877 (up 1.0%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.2%), HERO MOTOCORP (up 3.4%) and HUL (up 3.0%). Other gainers include M&M (up 2.6%) and MARUTI SUZUKI (up 2.5%). The most traded stocks in the BSE Sensex are ICICI BANK and SBI.

In the meantime, NSE Nifty is at 11,394 (up 0.9%). BAJAJ FINANCE (up 5.3%) and BAJAJ FINSERV (up 4.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,877, registering a gain of 2,489 points (up 6.8%).

GODREJ CONSUMER Financial Update...

GODREJ CONSUMER net profit stood at Rs 9 billion for the quarter ended March 2019, compared to a profit of Rs 4 billion a year ago. Net Sales declined 9.9% to Rs 24.5 billion during the period as against Rs 27.2 billion in January-March 2018.

For the year ended March 2018, GODREJ CONSUMER reported 11.2% increase in net profit to Rs 14.5 billion compared to net profit of Rs 13.1 billion during FY17.

Revenue of the company grew 3.4% to Rs 99 billion during FY18.

The current Price to earnings ratio of GODREJ CONSUMER, based on rolling 12 month earnings, stands at 19.9x.

This article (GODREJ CONSUMER Surges by 5%; BSE FMCG Index Up 2.0%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/lGI5pKXHK-o/indian-share-markets-updates.asp

PETRONET LNG Surges by 5%; BSE OIL & GAS Index Up 0.1%


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PETRONET LNG share price has zoomed 5% and is presently trading at Rs 236.

Meanwhile, the BSE OIL & GAS Index is at 14,687 (up 0.1%).

Among the top Gainers in the BSE OIL & GAS Index today is PETRONET LNG (up 5.1%).

BPCL (down 0.2%) and OIL INDIA (down 0.4%) are among the top losers today.

Over the last one year, PETRONET LNG has moved up from Rs 203 to Rs 236, registering a gain of Rs 33 (up 16.2%).

On the other hand, the BSE OIL & GAS has moved up from 14,500 to 14,687, registering a gain of 187 points (up 0.6%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 32.2%), PETRONET LNG (up 16.2%) and INDRAPRASTHA GAS (up 13.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,877 (up 1.0%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.0%), HERO MOTOCORP (up 3.3%) and HUL (up 2.9%). Other gainers include MARUTI SUZUKI (up 2.5%) and HDFC (up 2.4%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,394 (up 1.0%). BAJAJ FINANCE (up 5.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,877, registering a gain of 2,489 points (up 6.7%).

PETRONET LNG Financial Update...

PETRONET LNG net profit down at Rs 4 billion for the quarter ended March 2019, compared to a loss of Rs 6 billion a year ago. Net Sales declined 17.0% to Rs 83.8 billion during the period as against Rs 101.0 billion in January-March 2018.

For the year ended March 2018, PETRONET LNG reported 21.8% increase in net profit to Rs 20.8 billion compared to net profit of Rs 17.1 billion during FY17.

Revenue of the company grew 24.3% to Rs 306 billion during FY18.

The current Price to earnings ratio of PETRONET LNG, based on rolling 12 month earnings, stands at 16.4x.

This article (PETRONET LNG Surges by 5%; BSE OIL & GAS Index Up 0.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


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DELTA CORP. Plunges by 10%; BSE 500 Index Up 0.9%


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DELTA CORP. share price has plunged 10% and is presently trading at Rs 190.

Meanwhile, the BSE 500 Index is at 14,747 (up 0.9%).

Among the top losers in the BSE 500 Index today are DELTA CORP. (down 9.7%) and BLUE DART EXPRESS (down 6.3%).

CHAMBAL FERTILISERS (up 11.3%) and CAPLIN POINT (up 7.2%) are among the top gainers today.

Over the last one year, DELTA CORP. has moved down from Rs 239 to Rs 190, registering a loss of Rs 48 (down 20.3%)..

The BSE 500 has moved down from 14,801 to 14,747, loss of 54 points (down 0.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 141.1%), DCM SHRIRAM (up 129.4%) and VINATI ORGANICS (up 89.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,877 (up 1.1%). The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.2%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,394 (up 1.0%). BAJAJ FINANCE (up 5.1%) and BAJAJ FINSERV (up 4.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,877, registering a gain of 2,489 points (up 6.8%).

DELTA CORP. Financial Update...

DELTA CORP. net profit stood at Rs 573 million for the quarter ended March 2019, compared to a profit of Rs 504 million a year ago. Net Sales declined 0.7% to Rs 2.0 billion during the period as against Rs 2.1 billion in January-March 2018.

For the year ended March 2018, DELTA CORP. reported 121.3% increase in net profit to Rs 1.5 billion compared to net profit of Rs 698.0 million during FY17.

Revenue of the company grew 33.7% to Rs 6 billion during FY18.

The current Price to earnings ratio of DELTA CORP., based on rolling 12 month earnings, stands at 23.0x.

This article (DELTA CORP. Plunges by 10%; BSE 500 Index Up 0.9%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


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GRAPHITE INDIA Surges by 5%; BSE CAPITAL GOODS Index Up 1.5%


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GRAPHITE INDIA share price has zoomed 5% and is presently trading at Rs 329.

Meanwhile, the BSE CAPITAL GOODS Index is at 17,772 (up 1.5%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is GRAPHITE INDIA (up 5.2%).

ABB INDIA and AIA ENGINEERING (down 0.1%) are among the top losers today.

Over the last one year, GRAPHITE INDIA has moved down from Rs 772 to Rs 329, registering a loss of Rs 444 (down 57.5%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,972 to 17,772, loss of 1,200 points (down 6.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 35.3%), ABB INDIA (up 12.6%) and AIA ENGINEERING (up 8.0%).

What About the Benchmark Indices?

The BSE Sensex is at 37,820 (up 1.1%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.4%), HERO MOTOCORP (up 3.6%) and HUL (up 3.1%). Other gainers include MARUTI SUZUKI (up 2.5%) and YES BANK (up 2.3%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,376 (up 1.0%). BAJAJ FINANCE (up 5.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,820, registering a gain of 2,432 points (up 6.9%).

GRAPHITE INDIA Financial Update...

GRAPHITE INDIA net profit stood at Rs 8 billion for the quarter ended December 2018, compared to a profit of Rs 3 billion a year ago. Net Sales rose 98.8% to Rs 18.6 billion during the period as against Rs 9.3 billion in October-December 2017.

For the year ended March 2018, GRAPHITE INDIA reported 1363.6% increase in net profit to Rs 10.3 billion compared to net profit of Rs 705.0 million during FY17.

Revenue of the company grew 111.8% to Rs 33 billion during FY18.

The current Price to earnings ratio of GRAPHITE INDIA, based on rolling 12 month earnings, stands at 2.1x.

This article (GRAPHITE INDIA Surges by 5%; BSE CAPITAL GOODS Index Up 1.5%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


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INDIABULLS VENTURES Surges by 10%; BSE 500 Index Up 0.7%


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INDIABULLS VENTURES share price has zoomed 10% and is presently trading at Rs 281.

Meanwhile, the BSE 500 Index is at 14,706 (up 0.7%).

Among the top Gainers in the BSE 500 Index today are INDIABULLS VENTURES (up 10.1%) and CHAMBAL FERTILISERS (up 11.0%).

SBI and HINDUSTAN ZINC are among the top losers today.

Over the last one year, INDIABULLS VENTURES has moved down from Rs 454 to Rs 281, registering a loss of Rs 173 (down 39.0%).

On the other hand, the BSE 500 has moved down from 14,801 to 14,706, loss of 95 points (down 0.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 140.5%), DCM SHRIRAM (up 129.1%) and VINATI ORGANICS (up 89.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,753 (up 0.9%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.8%), HERO MOTOCORP (up 3.5%) and HUL (up 3.1%). Other gainers include YES BANK (up 2.8%) and KOTAK MAHINDRA BANK (up 2.3%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,355 (up 0.8%). BAJAJ FINANCE (up 5.7%) and BAJAJ FINSERV (up 4.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,753, registering a gain of 2,365 points (up 6.6%).



This article (INDIABULLS VENTURES Surges by 10%; BSE 500 Index Up 0.7%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/RMi-qyZci5c/indian-share-markets-updates.asp

CAPLIN POINT Surges by 7%; BSE HEALTHCARE Index Down 1.2%


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CAPLIN POINT share price has zoomed 7% and is presently trading at Rs 358.

Meanwhile, the BSE HEALTHCARE Index is at 13,328 (down 1.2%).

Among the top Gainers in the BSE HEALTHCARE Index today is CAPLIN POINT (up 7.4%).

PFIZER (down 0.1%) and J.B.CHEMICALS (down 0.2%) are among the top losers today.

Over the last one year, CAPLIN POINT has moved down from Rs 574 to Rs 358, registering a loss of Rs 217 (down 37.7%).

On the other hand, the BSE HEALTHCARE has moved up from 13,285 to 13,328, registering a gain of 43 points (up -0.8%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were DIVIS LABORATORIES (up 40.2%), DR. REDDYS LAB (up 38.2%) and SUVEN LIFESCIENCES (up 32.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,753 (up 0.8%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.5%), HERO MOTOCORP (up 3.6%) and HUL (up 2.9%). Other gainers include KOTAK MAHINDRA BANK (up 2.3%) and COAL INDIA (up 2.1%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,355 (up 0.6%). BAJAJ FINANCE (up 5.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,753, registering a gain of 2,365 points (up 6.6%).

CAPLIN POINT Financial Update...

CAPLIN POINT net profit stood at Rs 111 million for the quarter ended March 2015, compared to a profit of Rs 105 million a year ago. Net Sales rose 4.5% to Rs 636.0 million during the period as against Rs 609.0 million in January-March 2014.

For the year ended June 2011, CAPLIN POINT reported 90.9% increase in net profit to Rs 63.0 million compared to net profit of Rs 33.0 million during FY10.

Revenue of the company grew 34.1% to Rs 779 million during FY11.

The current Price to earnings ratio of CAPLIN POINT, based on rolling 12 month earnings, stands at 14.6x.

This article (CAPLIN POINT Surges by 7%; BSE HEALTHCARE Index Down 1.2%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/STobar8d5Ng/indian-share-markets-updates.asp

AU SMALL FINANCE BANK Surges by 5%; BSE BANKEX Index Up 1.1%


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AU SMALL FINANCE BANK share price has zoomed 5% and is presently trading at Rs 675.

Meanwhile, the BSE BANKEX Index is at 32,644 (up 1.1%).

Among the top Gainers in the BSE BANKEX Index today is AU SMALL FINANCE BANK (up 5.0%).

FEDERAL BANK (down 0.6%) is among the top loser today.

Over the last one year, AU SMALL FINANCE BANK has moved down from Rs 705 to Rs 675, registering a loss of Rs 30 (down 4.5%).

On the other hand, the BSE BANKEX has moved up from 29,357 to 32,644, registering a gain of 3,287 points (up 11.0%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 34.4%), ICICI BANK (up 30.0%) and SBI (up 29.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,753 (up 0.8%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.5%), HERO MOTOCORP (up 3.6%) and HUL (up 2.9%). Other gainers include KOTAK MAHINDRA BANK (up 2.3%) and COAL INDIA (up 2.1%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,355 (up 0.6%). BAJAJ FINANCE (up 5.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,753, registering a gain of 2,365 points (up 6.6%).



This article (AU SMALL FINANCE BANK Surges by 5%; BSE BANKEX Index Up 1.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

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Sensex Trades Over 300 Points Higher; Bajaj Finance Hits Record High


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Share markets in India are presently trading on a positive note. Sectoral indices are trading mixed with stocks in the FMCG sector, finance sector and automobile sector witnessing maximum buying interest, while healthcare stocks and metal stocks are trading in red.

The BSE Sensex is trading up by 324 points (up 0.9%), while the NSE Nifty is trading up by 84 points (up 0.7%). The BSE Mid Cap index and the BSE Small Cap index are trading up by 0.4%.

The rupee is trading at Rs 70.12 against the US$.

Speaking of share markets in general, the mood in the Indian stock market changes in a matter of months.

Till February 2019, mutual fund inflows were on a steady decline.

And that's when Tanushree had asked her readers to stay put and not give into the panic.

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Holding and buying quality businesses during times of extreme pessimism goes a long way in creating long-term wealth.

The mutual fund data from the March 2019 certainly proves this point.

Rising Mutual Fund Inflows - Is the Market Correction Over?

As can be seen from the chart above, the net inflows into Equity fund in March 2019 (Rs 117 billion) are its highest levels since October 2018.

The reason could be people believing the Modi government will return to power.

Here's what Tanushree wrote about this in one of the recent editions of The 5 Minute WrapUp...

  • While we recommended to not give into panic in February 2019, this time its euphoria we're recommending against.

    Don't fall into the greed trap.

    Hold on to your safe stocks and don't go looking for overvalued stocks. Maintaining your calm when everyone is losing theirs will help you build long-term wealth.

Moving on, market participants are tracking Bajaj Auto share price, Dr Reddy's share price, and UPL share price as these companies are set to announce their results today.

You can also read our recently released Q4FY19 Results: ITC, Inox Leisure, Nestle, Orbit Exports, Siemens.

In the news from the finance sector, Bajaj Finance share price is witnessing buying interest today after the company reported a surprisingly well profit and net interest income (NII) in March quarter.

The non-banking financial company (NBFC) recorded a strong 57% year-on-year (YoY) growth in net profit at Rs 11.8 billion in March quarter.

NII grew 50% at Rs 33.9 billion on YoY basis. Assets under management (AUM) rose 41% at Rs 1.2 trillion.

Meanwhile, company's gross non-performing assets (NPAs) ratio stood at 1.5%. The lender booked 5.8 million new loans during the quarter under review, up 53% from 3.8 million in the same period last year.

Reports state that between 31 August 2018 and 21 March 2019, the company had debt repayments of Rs 125.4 billion, of which commercial paper repayments are around Rs 77 billion. As on 21 March 2019, it had cash and cash equivalents of Rs 35.3 billion.

Shares of the company touched a fresh all-time high of Rs 3262, surpassing its previous high of Rs 3162 recorded on May 3, 2019.

Moving on to the news from the pharma sector, Piramal Enterprise share price is in focus today as its wholly owned subsidiary - Piramal Capital & Housing Finance (PCHFL) has expanded its housing finance operations in Gujarat, with the launch of two new branches - Vadodara and Surat in the state of Gujarat.

The company will provide its housing finance offerings namely home loans, loans against property and small ticket construction finance in these markets.

To know more about the company, you can read Piramal Enterprises' Latest Result Analysis on our website.

In other news, shares of Aurobindo Pharma fell around 6% in early trade today after the drug firm announced that the American drug regulator classified the inspection of the company's API intermediates facilities of Unit I, IX and XI as Official Action Indicated (OAI).

As per an article in a leading financial daily, the company has received letters from the US Food and Drug Administration (USFDA) classifying the inspections concluded at our API facilities.

Here's an excerpt from the article:

  • The company is sending further updates on the committed corrective actions, adding that it was confident that these OAI classifications will not have an impact on disruption of supplies or the revenue from operations of these facilities.

Aurobindo Pharma share price is presently trading down by 7%.

Speaking of pharma sector, we at Equitymaster believe that pharma companies that invest in creating a pipeline of complex generics or building competencies in alternative dosage forms are better equipped to tackle the changing dynamics in the US generics market as well as in the overall industry.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.



This article (Sensex Trades Over 300 Points Higher; Bajaj Finance Hits Record High) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

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CHAMBAL FERTILISERS Surges by 11%; BSE 500 Index Up 0.6%


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CHAMBAL FERTILISERS share price has zoomed 11% and is presently trading at Rs 159.

Meanwhile, the BSE 500 Index is at 14,697 (up 0.6%).

Among the top Gainers in the BSE 500 Index today is CHAMBAL FERTILISERS (up 11.0%).

COROMANDEL INTERN. and MPHASIS are among the top losers today.

Over the last one year, CHAMBAL FERTILISERS has moved down from Rs 168 to Rs 159, registering a loss of Rs 8 (down 5.4%).

On the other hand, the BSE 500 has moved down from 14,801 to 14,697, loss of 104 points (down 0.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 140.2%), DCM SHRIRAM (up 128.7%) and VINATI ORGANICS (up 89.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,736 (up 0.8%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.8%), HERO MOTOCORP (up 3.1%) and HUL (up 2.6%). Other gainers include HDFC (up 2.2%) and M&M (up 2.0%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,351 (up 0.8%). BAJAJ FINANCE (up 5.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,736, registering a gain of 2,348 points (up 6.6%).

CHAMBAL FERTILISERS Financial Update...

CHAMBAL FERTILISERS net profit down at Rs 919 million for the quarter ended March 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 7.0% to Rs 26.1 billion during the period as against Rs 28.1 billion in January-March 2018.

For the year ended March 2018, CHAMBAL FERTILISERS reported 18.6% increase in net profit to Rs 4.5 billion compared to net profit of Rs 3.8 billion during FY17.

Revenue of the company grew 0.4% to Rs 75 billion during FY18.

The current Price to earnings ratio of CHAMBAL FERTILISERS, based on rolling 12 month earnings, stands at 12.1x.

This article (CHAMBAL FERTILISERS Surges by 11%; BSE 500 Index Up 0.6%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


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ZYDUS WELLNESS Plunges by 6%; BSE 500 Index Up 0.4%


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ZYDUS WELLNESS share price has plunged 6% and is presently trading at Rs 1,301.

Meanwhile, the BSE 500 Index is at 14,672 (up 0.4%).

Among the top losers in the BSE 500 Index today are ZYDUS WELLNESS (down 5.9%) and BLUE DART EXPRESS (down 6.2%).

JUST DIAL (up 5.6%) and BAJAJ FINANCE (up 5.3%) are among the top gainers today.

Over the last one year, ZYDUS WELLNESS has moved up from Rs 1,283 to Rs 1,301, registering a gain of Rs 18 (up 1.4%)..

The BSE 500 has moved down from 14,801 to 14,672, loss of 129 points (down 0.9%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 140.4%), DCM SHRIRAM (up 131.4%) and VINATI ORGANICS (up 89.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,657 (up 0.6%). The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.3%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,328 (up 0.5%). BAJAJ FINANCE (up 5.2%) and BAJAJ FINSERV (up 3.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,657, registering a gain of 2,269 points (up 6.3%).

ZYDUS WELLNESS Financial Update...

ZYDUS WELLNESS net profit stood at Rs 404 million for the quarter ended December 2018, compared to a profit of Rs 362 million a year ago. Net Sales rose 9.8% to Rs 1.5 billion during the period as against Rs 1.3 billion in October-December 2017.

For the year ended March 2018, ZYDUS WELLNESS reported 22.7% increase in net profit to Rs 1.4 billion compared to net profit of Rs 1.1 billion during FY17.

Revenue of the company grew 8.8% to Rs 5 billion during FY18.

The current Price to earnings ratio of ZYDUS WELLNESS, based on rolling 12 month earnings, stands at 33.4x.

This article (ZYDUS WELLNESS Plunges by 6%; BSE 500 Index Up 0.4%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


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VENKYS (I) LIMITED Surges by 11%; BSE 500 Index Up 0.4%


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VENKYS (I) LIMITED share price has zoomed 11% and is presently trading at Rs 1,692.

Meanwhile, the BSE 500 Index is at 14,672 (up 0.4%).

Among the top Gainers in the BSE 500 Index today is VENKYS (I) LIMITED (up 11.4%).

ICICI LOMBARD GENERAL INSURANCE and DLF are among the top losers today.

Over the last one year, VENKYS (I) LIMITED has moved down from Rs 3,417 to Rs 1,692, registering a loss of Rs 1,725 (down 50.9%).

On the other hand, the BSE 500 has moved down from 14,801 to 14,672, loss of 129 points (down 1.0%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 140.1%), DCM SHRIRAM (up 130.8%) and VINATI ORGANICS (up 89.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,631 (up 0.6%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.2%), HERO MOTOCORP (up 3.0%) and HDFC (up 2.0%). Other gainers include HUL (up 1.6%) and M&M (up 1.6%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,319 (up 0.4%). BAJAJ FINANCE (up 5.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,631, registering a gain of 2,243 points (up 6.3%).

VENKYS (I) LIMITED Financial Update...

VENKYS (I) LIMITED net profit down at Rs 299 million for the quarter ended March 2019, compared to a loss of Rs 677 million a year ago. Net Sales rose 2.1% to Rs 8.3 billion during the period as against Rs 8.1 billion in January-March 2018.

For the year ended March 2018, VENKYS (I) LIMITED reported 60.1% increase in net profit to Rs 2.0 billion compared to net profit of Rs 1.2 billion during FY17.

Revenue of the company grew 8.6% to Rs 27 billion during FY18.

The current Price to earnings ratio of VENKYS (I) LIMITED, based on rolling 12 month earnings, stands at 13.6x.

This article (VENKYS (I) LIMITED Surges by 11%; BSE 500 Index Up 0.4%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/5f9RtAi0HdI/indian-share-markets-updates.asp

PRESTIGE ESTATES Surges by 5%; BSE REALTY Index Up 0.5%


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PRESTIGE ESTATES share price has zoomed 5% and is presently trading at Rs 258.

Meanwhile, the BSE REALTY Index is at 1,982 (up 0.5%).

Among the top Gainers in the BSE REALTY Index today is PRESTIGE ESTATES (up 5.0%).

OBEROI REALTY (down 0.8%) and PHOENIX MILL (down 0.9%) are among the top losers today.

Over the last one year, PRESTIGE ESTATES has moved down from Rs 276 to Rs 258, registering a loss of Rs 18 (down 6.9%).

On the other hand, the BSE REALTY has moved down from 2,325 to 1,982, loss of 343 points (down 15.5%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were SUNTECK REALTY (up 6.6%) and GODREJ PROPERTIES (up 4.1%).

What About the Benchmark Indices?

The BSE Sensex is at 37,631 (up 0.5%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 4.5%), HERO MOTOCORP (up 2.8%) and YES BANK (up 2.4%). Other gainers include HDFC (up 2.0%) and M&M (up 1.7%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,319 (up 0.4%). BAJAJ FINANCE (up 4.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,631, registering a gain of 2,243 points (up 6.2%).



This article (PRESTIGE ESTATES Surges by 5%; BSE REALTY Index Up 0.5%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/TqWfS7QsrD4/indian-share-markets-updates.asp

KOTAK MAHINDRA BANK at All Time High; BSE BANKEX Index Up 0.7%


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KOTAK MAHINDRA BANK share price has hit an all-time high at Rs 1,437 (up 1.5%).

Meanwhile, the BSE BANKEX Index is at 32,451 (up 0.7%).

Among the top gainers in the BSE BANKEX Index today are KOTAK MAHINDRA BANK (up 1.5%) and HDFC BANK (up 0.5%).

AXIS BANK and FEDERAL BANK (down 0.3%) are among the top losers today.

Over the last one year, KOTAK MAHINDRA BANK has moved up from Rs 1,282 to Rs 1,437, registering a gain of Rs 155 (up 11.9%).

The BSE BANKEX has moved up from 29,357 to 32,451, registering a gain of 3,094 points (up 10.5%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 33.3%), SBI (up 29.8%) and ICICI BANK (up 29.0%).

What About the Benchmark Indices?

The BSE Sensex is at 37,631 (up 0.6%). The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 3.8%), YES BANK (up 2.8%) and HERO MOTOCORP (up 2.8%). Other gainers include BAJAJ AUTO (up 1.8%) and HDFC (up 1.7%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,319 (up 0.4%). The top gainers in the NSE Nifty include BAJAJ FINANCE (up 3.9%), YES BANK (up 2.6%) and HERO MOTOCORP (up 2.5%). Other gainers include ZEE ENTERTAINMENT (up 2.3%) and INDIABULLS HOU. FIN. (up 1.8%).

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,631, registering a gain of 2,243 points (up 6.3%).

KOTAK MAHINDRA BANK Financial Update...

KOTAK MAHINDRA BANK net profit stood at Rs 18 billion for the quarter ended March 2019, compared to a profit of Rs 18 billion a year ago. Operating income rose 3.0% to Rs 79.8 billion during the period as against Rs 77.4 billion in January-March 2018.

For the year ended March 2018, KOTAK MAHINDRA BANK reported 24.2% increase in net profit to Rs 61.5 billion compared to net profit of Rs 49.5 billion during FY17.

Revenue of the company grew 12.6% to Rs 251 billion during FY18.

The current Price to earnings ratio of KOTAK MAHINDRA BANK, based on rolling 12 month earnings, stands at 39.3x.

This article (KOTAK MAHINDRA BANK at All Time High; BSE BANKEX Index Up 0.7%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


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Sensex Opens in Green; Telecom and Metal Stocks Lead


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Asian share markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.3% while the Hang Seng is down 0.7%. The Nikkei 225 is trading up by 1.6%. Wall Street closed higher on Thursday as upbeat earnings and strong economic data put investors in a buying mood, with technology companies leading the charge.

Back home, India share markets opened marginally higher. The BSE Sensex is trading up by 76 points while the NSE Nifty is trading up by 15 points. Both, the BSE Mid Cap index and BSE Small Cap index opened on a flat note.

Sectoral indices have opened the day on a mixed note with automobiles and FMCG stocks witnessing maximum buying interest. Telecom and metal stocks have opened the day in red.

The rupee is currently trading at 70.22 against the US$.

In the news from the economy. As per an article in a leading financial daily, America's year-long trade war with China is pushing US companies to source more from GSP beneficiary countries such as India, Thailand, Cambodia, Indonesia and Turkey.

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The Coalition for GSP, a group of American companies and trade associations, in a report said the latest official trade figures show that the Generalised System of Preference or GSP saved American companies US$105 million in March, an increase of US$28 million (36%) from March 2018 and the second-highest level on record.

In the first quarter of 2019, the GSP saved American companies US$285 million, which is US$63 million more than the first quarter of 2018.

The GSP is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries.

On March 4, President Donald Trump announced that the US intends to terminate India as a beneficiary developing country under the GSP programme. The 60-day notice period ended on May 3.

Noting that imports from China, subject to new tariffs, are down significantly, the coalition said imports of products from other GSP beneficiaries have increased the most in the first quarter of 2019.

According to the reports, India benefits the most from this.

For India, 97% of increased 2019 GSP imports are on the China Section 301 lists. GSP imports on Section 301 lists increased by US$193 million (18%), while imports of everything else increased by just US$7 million (2%).

In another report, the coalition said cancelling the GSP for India would benefit China.

Referring to the results of a recent survey, the coalition said 30% of companies would look to source more from China if GSP benefits are done away with.

Now how this pans out going forward remains to be seen.

Moving on to another news. Larsen and Toubro Ltd (L&T) on Thursday purchased 880,000 shares of Mindtree, raising its stake in the IT services firm from 25.94% to 26.48%.

Reportedly, L&T bought the shares at Rs 979.8 on a day when Mindtree's stock closed 0.5% higher at Rs 980.3 on BSE. With its stake crossing 26%, L&T is in a position to demand a board representation in Mindtree.

The engineering behemoth is in the process of taking over Mindtree, with a plan to buy up to 66.3% shares of the company for up to Rs 107 billion, in the first hostile takeover in India's IT industry.

As per the reports, L&T, after buying a 20.3% stake jointly held by Cafe Coffee Day founder V.G. Siddhartha and two of CCD's associate firms, had said that it intended to buy an additional 15% from the open market and another 31% through an open offer at Rs 980 per share.

The open offer was originally proposed to open on 14 May and close on 27 May.

However, L&T was compelled to postpone its open offer by at least a fortnight after the markets regulator sent the draft offer letter back to L&T with a set of queries on the proposed takeover. On 10 May, L&T submitted its response to the regulator.

Irrespective of the open offer, L&T will continue to purchase Mindtree shares from the public during trading hours until it finishes buying the planned 15% from the open market.

As per the reports, the combination of the two companies will help create an entity with a higher turnover of close to Rs 120 billion, closer to larger rivals such as Wipro and TCS.

The Mindtree management, however, thinks differently.

Creating Synergies?

Given that the takeover has just been launched, it would be too early to make any predictions regarding the outcome.

While the L&T-Mindtree saga will one day disappear into the history books, the lessons will not.

One thing that we must bear in mind is that most companies in India are managed by promoters.

Hence, they are bound to protect their interest and will not relinquish control without a fight.

This means that the company launching such an attack needs to be very clear as to why it wants to go down this route.

Here's snippet from the article on hostile takeovers that Tanushree Banerjee, co-head of research wrote:

  • "In mergers and acquisitions, in general, the acquiring company has to make sure that it pays a reasonable price for the target company. It needs to gauge the synergies that are likely to flow in on making the acquisition such that the payback period is not too long. Many a time, when competition for a particular target heats up, valuations soar. As a result, the company which has finally made the acquisition ends up paying a very high price."

This applies to hostile takeovers as well.

L&T share price and Mindtree share price opened the day up by 0.2% and 0.8% respectively.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.



This article (Sensex Opens in Green; Telecom and Metal Stocks Lead) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

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PNB HOUSING FINANCE LTD Plunges by 5%; BSE 500 Index Up 0.4%


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PNB HOUSING FINANCE LTD share price has plunged 5% and is presently trading at Rs 751.

Meanwhile, the BSE 500 Index is at 14,662 (up 0.4%).

Among the top losers in the BSE 500 Index today is PNB HOUSING FINANCE LTD (down 5.2%).

RELIANCE INFRA (up 5.6%) and RELIANCE CAPITAL (up 4.8%) are among the top gainers today.

Over the last one year, PNB HOUSING FINANCE LTD has moved down from Rs 1,271 to Rs 751, registering a loss of Rs 519 (down 40.9%)..

The BSE 500 has moved down from 14,801 to 14,662, loss of 139 points (down 0.9%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 139.5%), DCM SHRIRAM (up 126.5%) and VINATI ORGANICS (up 89.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,608 (up 0.5%). The top gainers among the BSE Sensex stocks today are YES BANK (up 4.2%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 11,315 (up 0.5%). YES BANK (up 4.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,608, registering a gain of 2,220 points (up 6.2%).



This article (PNB HOUSING FINANCE LTD Plunges by 5%; BSE 500 Index Up 0.4%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/OcLJ47SRAzw/indian-share-markets-updates.asp

BLUE DART EXPRESS Plunges by 5%; BSE 500 Index Up 0.3%


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BLUE DART EXPRESS share price has plunged 5% and is presently trading at Rs 2,888.

Meanwhile, the BSE 500 Index is at 14,660 (up 0.3%).

Among the top losers in the BSE 500 Index today are BLUE DART EXPRESS (down 5.0%) and AUROBINDO PHARMA (down 5.2%).

RELIANCE INFRA (up 5.5%) and RELIANCE CAPITAL (up 4.6%) are among the top gainers today.

Over the last one year, BLUE DART EXPRESS has moved down from Rs 3,358 to Rs 2,888, registering a loss of Rs 471 (down 14.0%)..

The BSE 500 has moved down from 14,801 to 14,660, loss of 141 points (down 1.0%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 139.5%), DCM SHRIRAM (up 126.9%) and VINATI ORGANICS (up 89.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,608 (up 0.4%). The top gainers among the BSE Sensex stocks today are YES BANK (up 4.4%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,315 (up 0.5%). YES BANK (up 4.0%) and BAJAJ FINANCE (up 3.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,608, registering a gain of 2,220 points (up 6.1%).

BLUE DART EXPRESS Financial Update...

BLUE DART EXPRESS net profit down at Rs 314 million for the quarter ended December 2018, compared to a loss of Rs 455 million a year ago. Net Sales rose 21.4% to Rs 8.6 billion during the period as against Rs 7.0 billion in October-December 2017.

For the year ended March 2018, BLUE DART EXPRESS reported 3.5% increase in net profit to Rs 1.4 billion compared to net profit of Rs 1.4 billion during FY17.

Revenue of the company grew 4.1% to Rs 28 billion during FY18.

The current Price to earnings ratio of BLUE DART EXPRESS, based on rolling 12 month earnings, stands at 60.7x.

This article (BLUE DART EXPRESS Plunges by 5%; BSE 500 Index Up 0.3%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/7lVrMbPWpIw/indian-share-markets-updates.asp

YES BANK Surges by 5%; BSE BANKEX Index Up 0.5%


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YES BANK share price has zoomed 5% and is presently trading at Rs 145.

Meanwhile, the BSE BANKEX Index is at 32,438 (up 0.5%).

Among the top Gainers in the BSE BANKEX Index today is YES BANK (up 5.3%).

Over the last one year, YES BANK has moved down from Rs 350 to Rs 145, registering a loss of Rs 204 (down 58.5%).

On the other hand, the BSE BANKEX has moved up from 29,357 to 32,438, registering a gain of 3,081 points (up 10.3%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 33.3%), SBI (up 30.2%) and ICICI BANK (up 28.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,608 (up 0.5%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 5.3%), BAJAJ FINANCE (up 2.5%) and COAL INDIA (up 1.7%). Other gainers include HDFC (up 1.2%) and HERO MOTOCORP (up 1.2%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,315 (up 0.3%). YES BANK (up 4.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,608, registering a gain of 2,220 points (up 6.2%).

YES BANK Financial Update...

YES BANK net profit down at Rs 15 billion for the quarter ended March 2019, compared to a loss of Rs 10 billion a year ago. Operating income declined 1.3% to Rs 78.6 billion during the period as against Rs 79.6 billion in January-March 2018.

For the year ended March 2018, YES BANK reported 26.9% increase in net profit to Rs 42.2 billion compared to net profit of Rs 33.3 billion during FY17.

Revenue of the company grew 23.4% to Rs 203 billion during FY18.

The current Price to earnings ratio of YES BANK, based on rolling 12 month earnings, stands at 3.9x.

This article (YES BANK Surges by 5%; BSE BANKEX Index Up 0.5%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


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AUROBINDO PHARMA Plunges by 5%; BSE HEALTHCARE Index Down 1.0%


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AUROBINDO PHARMA share price has plunged 5% and is presently trading at Rs 725.

Meanwhile, the BSE HEALTHCARE Index is at 13,328 (down 1.0%).

Among the top losers in the BSE HEALTHCARE Index today is AUROBINDO PHARMA (down 5.1%).

NARAYANA HRUDAYALAYA LTD (up 1.8%) and SHILPA MEDICARE (up 1.3%) are among the top gainers today.

Over the last one year, AUROBINDO PHARMA has moved up from Rs 603 to Rs 725, registering a gain of Rs 122 (up 20.3%)..

The BSE HEALTHCARE has moved up from 13,285 to 13,328, registering a gain of 43 points (up 0.3%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were DIVIS LABORATORIES (up 39.6%), DR. REDDYS LAB (up 38.1%) and SUVEN LIFESCIENCES (up 32.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,608 (up 0.5%). The top gainers among the BSE Sensex stocks today are YES BANK (up 5.3%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,315 (up 0.3%). YES BANK (up 4.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,608, registering a gain of 2,220 points (up 6.2%).

AUROBINDO PHARMA Financial Update...

AUROBINDO PHARMA net profit stood at Rs 7 billion for the quarter ended December 2018, compared to a profit of Rs 6 billion a year ago. Net Sales rose 21.5% to Rs 52.7 billion during the period as against Rs 43.4 billion in October-December 2017.

For the year ended March 2018, AUROBINDO PHARMA reported 5.4% increase in net profit to Rs 24.2 billion compared to net profit of Rs 23.0 billion during FY17.

Revenue of the company grew 9.3% to Rs 165 billion during FY18.

The current Price to earnings ratio of AUROBINDO PHARMA, based on rolling 12 month earnings, stands at 17.5x.

This article (AUROBINDO PHARMA Plunges by 5%; BSE HEALTHCARE Index Down 1.0%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


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RELIANCE INFRA Surges by 5%; BSE POWER Index Flat


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RELIANCE INFRA share price has zoomed 5% and is presently trading at Rs 112.

Meanwhile, the BSE POWER Index is at 1,863 .

Among the top Gainers in the BSE POWER Index today is RELIANCE INFRA (up 5.4%).

POWER GRID (down 0.1%) and NTPC (down 0.3%) are among the top losers today.

Over the last one year, RELIANCE INFRA has moved down from Rs 384 to Rs 112, registering a loss of Rs 272 (down 70.9%).

On the other hand, the BSE POWER has moved down from 2,139 to 1,863, loss of 276 points (down 12.9%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 84.9%), ADANI TRANSMISSION (up 60.7%) and ABB INDIA (up 12.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,608 (up 0.6%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 4.9%), BAJAJ FINANCE (up 2.4%) and COAL INDIA (up 1.8%). Other gainers include HERO MOTOCORP (up 1.3%) and INDUSIND BANK (up 1.2%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,314 (up 0.5%). YES BANK (up 4.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,608, registering a gain of 2,220 points (up 6.3%).

RELIANCE INFRA Financial Update...

RELIANCE INFRA net profit down at Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 532 million a year ago. Net Sales declined 29.8% to Rs 41.2 billion during the period as against Rs 58.6 billion in October-December 2017.

For the year ended March 2018, RELIANCE INFRA reported 468.4% decrease in net profit to Rs 3.6 billion compared to net loss of Rs 966.0 million during FY17.

Revenue of the company grew 3.7% to Rs 254 billion during FY18.

The current Price to earnings ratio of RELIANCE INFRA, based on rolling 12 month earnings, stands at down 1.1x.

This article (RELIANCE INFRA Surges by 5%; BSE POWER Index Flat) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


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Rising Oil Prices amid Middle East Tensions, Key Q4FY19 Results and Top Stocks in Action


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The Indian share markets surged in the final hour of trading on Thursday. At close, the Sensex was 279 points at 37,393, while Nifty was up 100 points at 11,257.

Except pharma, all other sectoral indices ended higher led by IT, metal, energy, bank and automobiles sector.

Rupee opened stronger at 70.27 versus Wednesday's close of 70.33 against the US dollar.

Top Stocks in Focus

Bajaj Finance share price will be in focus as the company reported a rise of 49.9% in its net profit at Rs 11.1 billion for the quarter under review as compared to Rs 7.4 billion for the same quarter in the previous year.

Meanwhile, Hindalco reported a fall of 37.4% in its net profit at Rs 2.4 billion for the quarter ended March 2019 as compared to Rs 3.8 billion for the same quarter in the previous year.

JSW Energy reported consolidated net profit at Rs 39 million versus Rs loss of Rs 4,831 million, revenue up 8.4% at Rs 19,240 million versus Rs 17,750 million, YoY.

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If you look at the four of the world's top five companies by market capitalisation - Apple, Alphabet (Google), Amazon, and Microsoft, you'll find something amazing.

They are using one powerful strategy to scale their business all over the world, without any major costs involved.

Even Nike, Uber and Netflix are using the same strategy to kill their competitors mercilessly.

Want to know which Indian companies are using this strategy?

Click here and see yourself...
------------------------------

The United States Food and Drug Administration (USFDA) has completed inspection at Lupin's Aurangabad manufacturing facility. The inspection was carried out from 6 May to 15 May 2019. The stock will be watched out today.

Shilpa Medicare has received USFDA final approval for its ANDA, Zoledronic Acid Injection, 4 mg/5 mL. The drug is a generic equivalent of reference listed drug (RLD) Zometa.

Ashok Leyland has received an order from Senegal. This order comes from Senbus Industries, a company assembling urban buses in Dakar. The company has signed a contract for supplying 400 units of Ashok Leyland Eagle 916 Minibuses worth Euro 10.1 million.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Results Corner

Market participants will track Bajaj Auto, CESC, Ador Fontech, City Union Bank, Corporation Bank, IOC, SRL, UPL among others as they announce their March quarter results today.

Global Stock Market Drivers

Bonds rose globally on Thursday, European stocks edged lower with US equity futures and Asian shares fell amid simmering trade tensions between the world's biggest economies. The dollar was steady and crude oil gained.

Equities have oscillated this week as traders scramble to make sense of a slew of headlines.

In the latest developments, President Donald Trump signed an order that's expected to restrict Chinese telecommunications firms from selling their equipment in the US, while he's set to give the European Union and Japan a deadline to agree to "limit or restrict" automobile exports to America.

Amid the confusing landscape, traders have increased bets on the Federal Reserve cutting borrowing costs later this year.

Here are some notable events to watch out for:

  • Walmart and Nvidia are among companies reporting earnings today.
  • Bank of Indonesia's an interest rate decision will be in focus.

Oil Prices Rise amid Middle-east Tensions

Oil prices rose on Thursday for the third day in a row as fears of supply disruptions amid heightened tensions in the Middle East overshadowed swelling US crude inventories.

Brent crude futures were at US$72.30 a barrel, up 53 cents from their last close. Brent is heading for its biggest weekly rise in six weeks.

US West Texas Intermediate (WTI) crude futures were at US$62.49 per barrel, up 47 cents from their previous settlement.

Oil was drawing support from the risk of conflict in the Middle East, with helicopters carrying US staff from the US embassy in Baghdad on Wednesday out of apparent concern about perceived threats from Iran.

Also keeping prices in check is uncertainty about whether OPEC and other producers will maintain into the second half of the year supply cuts that have boosted prices more than 30% in 2019.

The Organization of the Petroleum Exporting Countries (OPEC) said on Tuesday that world demand for its oil would be higher than expected this year.

The OPEC+ group of producers, which includes Russia, meets next month to review whether to maintain the pact beyond June.

The oil market is marked by tight supply.

An end this month to US waivers that allowed some countries to buy Iranian oil after the reposition of US sanctions has prompted Tehran to relax restrictions on its nuclear program and threaten action that could breach a 2015 nuclear deal.

An attack on four oil tankers in the Gulf on Sunday, for which no one has claimed responsibility, and Saudi Arabia's announcement that armed drones hit two of its oil pumping stations, have compounded concerns have stoked supply-side fears.



This article (Rising Oil Prices amid Middle East Tensions, Key Q4FY19 Results and Top Stocks in Action) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

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