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Most Active Small-Cap Stocks Today; JET AIRWAYS the Most Traded


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

The index opened the day at 14,606 and closed at 14,684, registering a gain of 0.5%.

Now let us look at the top 5 most active stocks in the BSE Small-Cap index today.

Top 5 Most Active Small-Cap Stocks Today

Stock NameTraded ValueTraded VolumePrevious CloseTodays Close% Change
JET AIRWAYS1,444,056,951.05,408,453.0254.5267.04.9
PVR LTD543,280,095.6345,796.01,583.81,571.10.8
SPICEJET486,929,296.15,275,507.096.092.33.8
PI INDUSTRIES199,081,650.0194,226.01,010.71,025.01.4
JUST DIAL167,900,810.0277,522.0602.9605.00.4
* Latest Price as on 26 Mar 2019 04:50 PM




JET AIRWAYS was the most active stock in the BSE Small-Cap index today. The stock of the company witnessed buying interest and closed at Rs 267, up by 5%. On the valuations front, the stock trades at 0.7 times its trailing 12 months' earnings. Its price to sales ratio stands at 0.3 times, while its price to book value (P/BV) ratio stands at 1.0 times.

Following JET AIRWAYS, PVR LTD was the second most traded stock in the BSE Small-Cap index today. The stock of the company witnessed selling pressure and closed at Rs 1,571, down by 1%. On the valuations front, the stock trades at 39.4 times its trailing 12 months' earnings. Its price to sales ratio stands at 2.8 times, while its price to book value (P/BV) ratio stands at 6.1 times.

Apart from JET AIRWAYS and PVR LTD, SPICEJET, PI INDUSTRIES, and JUST DIAL were also among the most traded stocks in the BSE Small-Cap Index today.

For a more detailed view on the above stocks, you can check the BSE Small-Cap company results for June 2018 quarter and also visit our Indian stock market research section.

More on the BSE Small-Cap Index...

The S&P BSE Small-Cap Index ended its trading session at 14,684 (up 0.7%).

The top BSE Small-Cap gainers today were ASTRA MICRO (up 10.4%) and RUPA & CO. (up 9.9%). On the other hand, SHRIRAM EPC (down 9.8%) and VISHAL FABRICS (down 6.6%) were among the top losers today.

The index was up 7.8% over the last 30 days, and over the last 1 year it has lost 13.2%.

For a more detailed view, you can check the latest�BSE Sensex stock quotes�and BSE Sensex long term chart.

What About the Benchmark Indices?

The BSE Sensex moved up from 37,809 to 38,233 today, registering a gain of 425 points (up 1.1%).

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

The NSE Nifty moved up from 11,354 to 11,483 today, registering a gain of 129 points (up 1.0%).

The most traded stocks in the NSE Nifty today were IOC and NTPC.



This article (Most Active Small-Cap Stocks Today; JET AIRWAYS the Most Traded) 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/RlFZwe_iWyY/indian-share-markets-updates.asp

Top 5 Mid-Cap Gainers Today; GMR INFRA 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 14,948 and closed at 15,079, 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
GMR INFRA172015.513,226,724.0
RELIANCE CAPITAL1852018.62,753,427.0
UNION BANK88924.81,055,278.0
DHFL1301364.51,127,808.0
CANARA BANK2712824.3398,149.0
* Latest Price as on 26 Mar 2019 04:50 PM


GMR INFRA was the top gainer in the BSE Mid-Cap index today. The stock of the company witnessed buying interest and closed at Rs 20, up by 15.5%. The total volume of the shares traded today stands at 13,226,724.

Following GMR INFRA was RELIANCE CAPITAL, which gained around 8.6% today. The share price of RELIANCE CAPITAL traded at Rs 201 on the BSE and the total volume of shares traded today was 2,753,427.

UNION BANK, DHFL, and CANARA BANK were also among the top 5 gainers in the BSE Mid-Cap index today. While UNION BANK was up 4.8%, DHFL and CANARA BANK were up by 4.5% and 4.3%, respectively.

For a more detailed view on the above stocks, you can check the BSE Mid-Cap company results for December 2018 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 NLC INDIA LTD (down 9.1%), MOTILAL OSWAL (down 2.1%) and TI FINANCIAL HOLDINGS (down 2.0%).

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 37,809 to 38,233 today, registering a gain of 425 points (up 1.1%).

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

The NSE Nifty moved up from 11,354 to 11,483 today, registering a gain of 129 points (up 1.0%).

The most traded stocks in the NSE Nifty today were IOC and NTPC.



This article (Top 5 Mid-Cap Gainers Today; GMR INFRA 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/T601WtiFcbY/indian-share-markets-updates.asp

Sensex Ends 425 Points Higher; Banking and Energy Stocks Witness Buying


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Indian share markets witnessed buying interest during closing hours and ended their day on a positive note. Gains were largely seen in the banking sector and energy sector.

At the closing bell, the BSE Sensex stood higher by 425 points (up 1.1%) and the NSE Nifty closed higher by 139 points (up 1.2%). The BSE Mid Cap index closed up by 1.1%, while the BSE Small Cap index ended the day up by 0.7%.

Asian stock markets finished on a positive note as of the most recent closing prices. The Hang Seng stood up by 0.2% and the Nikkei was trading up by 2.2%.

European markets were also trading on a positive note. The FTSE 100 was up by 0.4%. The DAX was trading up by 0.01%, while the CAC 40 was up by 0.4%.

The rupee was trading at 68.86 to the US$ at the time of writing.

Speaking of the general mood in Indian stock markets these days, a lot of market participants are playing the prediction game ahead of the 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 aviation sector, Jet Airways share price was in focus today. The stock of the company extended its rally seen yesterday. Yesterday, Jet Airways' share price went up by over 12.5% as it was reported that founder and principal promoters Naresh Goyal and his wife, Anita Goyal would step down from the board.

As per an article in The Economic Times, the debt-laden airline's lenders' consortium may invoke the entire 51% stake of Naresh Goyal in the airline and start looking for a new buyer in the weeks to come.

Here's an excerpt from the article:

  • The current CEO Vinay Dube is expected to stay on and steer Jet out of the current crisis.

    Former SBI managing director and a former Jet Airways board member Srinivasan Vishvanathan may be invited to join the airline's top leadership. Vishvanathan was on Jet's board as an Independent Director till August 2018 for nearly three years.

Reportedly, this development occurred after Etihad expressed its desire to exit the airline by formally asking State Bank of India (SBI) to purchase its stake in the airline.

In 2013, Jet Airways survived a similar crisis when Abu Dhabi's Etihad Airways injected US$600 million of capital for a 24% stake in the airline, three London Heathrow slots and a majority share in Jet's frequent flyer programme. The infusion helped Jet pare down debt and fight growing domestic competition.

With more than US$1 billion of debt, Jet is struggling to stay afloat. It has delayed payments to banks, suppliers, pilots and lessors - some of which have forced the airline to ground as many as 40 planes.

How this pans out going forward remains to be seen. Meanwhile, we will keep you updated on the latest developments from this space.

In the news from the IPO space, state-owned Rail Vikas Nigam Limited's initial public offer (IPO) is set to open for subscription on Friday. Through this IPO, the company is seeking to raise up to Rs 4.8 billion according to the government's divestment schedule.

Incorporated by the Ministry of Railways under the companies act, 1956 in 2003, Rail Vikas Nigam Limited is a project executing agency.

The objective of the company is to undertake mobilization of financial resources, rail project development, enhance golden quadrilateral and port connectivity by implementing rail projects, and raise extra-budgetary resources for project execution.

The company engages in completing all sorts of rail projects such as construction of cable-stayed bridges, major bridges, workshops, metro projects, railway electrification, gauge conversion, new lines, doubling, and institutional buildings.

The Miniratna central public-sector enterprise, incorporated by the Ministry of Railways, is offering up to 2,53,457,280 shares in the price band of Rs 17-19 per share. The issue will close on April 3.

Speaking of IPOs, we at Equitymaster believe a merit-based selection, primarily including valuation, business, and management quality, is the logical way to go about investing in IPOs.

If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often.

To know how to safely profit from IPOs, download this FREE report now and discover How to Get Rich with IPOs.

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



This article (Sensex Ends 425 Points Higher; Banking and Energy 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/~3/2VcyjtFzH1g/tm.asp

TAKE SOLUTIONS Surges by 10%; BSE IT Index Down 0.7%


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TAKE SOLUTIONS share price has zoomed 10% and is presently trading at Rs 137.

Meanwhile, the BSE IT Index is at 15,111 (down 0.7%).

Among the top Gainers in the BSE IT Index today is TAKE SOLUTIONS (up 10.0%).

TCS (down 0.4%) and CYIENT (down 0.6%) are among the top losers today.

Over the last one year, TAKE SOLUTIONS has moved down from Rs 164 to Rs 137, registering a loss of Rs 26 (down 16.1%).

On the other hand, the BSE IT has moved up from 12,092 to 15,111, registering a gain of 3,019 points (up 24.1%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 44.9%), TCS (up 40.6%) and ZENSAR TECHNOLOGIES (up 29.0%).

What About the Benchmark Indices?

The BSE Sensex is at 38,254 (up 1.2%).

The top gainers among the BSE Sensex stocks today are NTPC (up 3.6%), SBI (up 3.4%) and RELIANCE IND. (up 3.3%). Other gainers include VEDANTA LTD (up 3.1%) and YES BANK (up 3.0%). The most traded stocks in the BSE Sensex are SBI and YES BANK.

In the meantime, NSE Nifty is at 11,493 (up 1.2%). NTPC (up 4.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 38,254, registering a gain of 5,188 points (up 15.7%).

TAKE SOLUTIONS Financial Update...

TAKE SOLUTIONS net profit down at Rs 364 million for the quarter ended December 2018, compared to a loss of Rs 420 million a year ago. Net Sales rose 27.8% to Rs 5.2 billion during the period as against Rs 4.1 billion in October-December 2017.

For the year ended March 2018, TAKE SOLUTIONS reported 9.4% increase in net profit to Rs 1.6 billion compared to net profit of Rs 1.5 billion during FY17.

Revenue of the company grew 18.0% to Rs 16 billion during FY18.

The current Price to earnings ratio of TAKE SOLUTIONS, based on rolling 12 month earnings, stands at 10.3x.

This article (TAKE SOLUTIONS Surges by 10%; BSE IT Index Down 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/fY5z0A6S8ak/indian-share-markets-updates.asp

JUBILANT LIFE SCIENCES Plunges by 5%; BSE 500 Index Up 1.0%


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JUBILANT LIFE SCIENCES share price has plunged 5% and is presently trading at Rs 726.

Meanwhile, the BSE 500 Index is at 15,071 (up 1.0%).

Among the top losers in the BSE 500 Index today are JUBILANT LIFE SCIENCES (down 5.2%) and NLC INDIA LTD (down 9.2%).

GMR INFRA (up 14.0%) and HCC (up 9.8%) are among the top gainers today.

Over the last one year, JUBILANT LIFE SCIENCES has moved down from Rs 825 to Rs 726, registering a loss of Rs 99 (down 12.0%)..

The BSE 500 has moved up from 14,116 to 15,071, registering a gain of 955 points (up 6.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORGANICS (up 99.8%), ADANI POWER (up 99.6%) and BATA INDIA (up 82.0%).

What About the Benchmark Indices?

The BSE Sensex is at 38,254 (up 1.2%). The top gainers among the BSE Sensex stocks today are NTPC (up 3.6%). The most traded stocks in the BSE Sensex are SBI and YES BANK.

In the meantime, NSE Nifty is at 11,493 (up 1.2%). NTPC (up 4.2%) and SBI (up 3.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 38,254, registering a gain of 5,188 points (up 15.7%).

JUBILANT LIFE SCIENCES Financial Update...

JUBILANT LIFE SCIENCES net profit stood at Rs 3 billion for the quarter ended December 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 15.0% to Rs 23.8 billion during the period as against Rs 20.7 billion in October-December 2017.

For the year ended March 2014, JUBILANT LIFE SCIENCES reported 2180.4% increase in net profit to Rs 768.0 million compared to net loss of Rs 34.0 million during FY13.

Revenue of the company grew 12.4% to Rs 59 billion during FY14.

The current Price to earnings ratio of JUBILANT LIFE SCIENCES, based on rolling 12 month earnings, stands at 13.2x.

This article (JUBILANT LIFE SCIENCES Plunges by 5%; BSE 500 Index Up 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/NLc4q9BKElA/indian-share-markets-updates.asp

LAURUS LABS LTD Surges by 6%; BSE HEALTHCARE Index Up 0.4%


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LAURUS LABS LTD share price has zoomed 6% and is presently trading at Rs 397.

Meanwhile, the BSE HEALTHCARE Index is at 14,189 (up 0.4%).

Among the top Gainers in the BSE HEALTHCARE Index today is LAURUS LABS LTD (up 5.7%).

GSK PHARMA (down 0.2%) and SUN PHARMA ADV. RES. (down 0.3%) are among the top losers today.

Over the last one year, LAURUS LABS LTD has moved down from Rs 505 to Rs 397, registering a loss of Rs 108 (down 21.6%).

On the other hand, the BSE HEALTHCARE has moved up from 13,186 to 14,189, registering a gain of 1,003 points (up 7.5%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were DIVIS LABORATORIES (up 60.9%), SUVEN LIFESCIENCES (up 56.7%) and PFIZER (up 50.6%).

What About the Benchmark Indices?

The BSE Sensex is at 38,245 (up 1.0%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 2.9%), RELIANCE IND. (up 2.8%) and BAJAJ FINANCE (up 2.7%). Other gainers include ICICI BANK (up 2.6%) and SBI (up 2.6%). The most traded stocks in the BSE Sensex are SBI and YES BANK.

In the meantime, NSE Nifty is at 11,484 (up 1.0%). BAJAJ FINANCE (up 2.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 38,245, registering a gain of 5,179 points (up 15.5%).



This article (LAURUS LABS LTD Surges by 6%; BSE HEALTHCARE 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/~3/0119Z2JhCAs/indian-share-markets-updates.asp

PIDILITE INDUSTRIES at All Time High; BSE FMCG Index Up 0.3%


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PIDILITE INDUSTRIES share price has hit an all-time high at Rs 1,238 (up 4.2%).

Meanwhile, the BSE FMCG Index is at 11,637 (up 0.3%).

Among the top gainers in the BSE FMCG Index today are PIDILITE INDUSTRIES (up 4.2%) and NESTLE (up 1.2%).

HERITAGE FOOD (down 0.1%) and TATA GLOBAL (down 0.3%) are among the top losers today.

Over the last one year, PIDILITE INDUSTRIES has moved up from Rs 908 to Rs 1,238, registering a gain of Rs 331 (up 35.3%).

The BSE FMCG has moved up from 10,259 to 11,637, registering a gain of 1,378 points (up 13.3%) during the last 12 months.

The top gainers among the BSE FMCG Index stocks during this same period were BALRAMPUR CHINI (up 59.3%), UNITED BREWERIES (up 39.9%) and GODFREY PHILLIPS (up 37.5%).

What About the Benchmark Indices?

The BSE Sensex is at 38,215 (up 1.0%). The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 3.0%), RELIANCE IND. (up 2.8%) and BAJAJ FINANCE (up 2.8%). Other gainers include SBI (up 2.6%) and ICICI BANK (up 2.3%). The most traded stocks in the BSE Sensex are SBI and SUN PHARMA.

In the meantime, NSE Nifty is at 11,475 (up 1.0%). The top gainers in the NSE Nifty include BAJAJ FINANCE (up 3.1%), VEDANTA LTD (up 3.0%) and RELIANCE IND. (up 2.7%). Other gainers include GRASIM (up 2.5%) and SBI (up 2.4%).

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 38,215, registering a gain of 5,149 points (up 15.5%).

PIDILITE INDUSTRIES Financial Update...

PIDILITE INDUSTRIES net profit down at Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 2 billion a year ago. Net Sales rose 19.8% to Rs 18.5 billion during the period as against Rs 15.4 billion in October-December 2017.

For the year ended March 2018, PIDILITE INDUSTRIES reported 12.2% increase in net profit to Rs 9.7 billion compared to net profit of Rs 8.6 billion during FY17.

Revenue of the company grew 2.6% to Rs 62 billion during FY18.

The current Price to earnings ratio of PIDILITE INDUSTRIES, based on rolling 12 month earnings, stands at 66.5x.

This article (PIDILITE INDUSTRIES at All Time High; BSE FMCG 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/TRh0MKmYtcA/indian-share-markets-updates.asp

HDFC BANK at All Time High; BSE BANKEX Index Up 1.6%


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HDFC BANK share price has hit an all-time high at Rs 2,309 (up 1.1%).

Meanwhile, the BSE BANKEX Index is at 33,270 (up 1.6%).

Among the top gainers in the BSE BANKEX Index today are HDFC BANK (up 1.1%) and INDUSIND BANK (up 1.1%).

Over the last one year, HDFC BANK has moved up from Rs 1,893 to Rs 2,309, registering a gain of Rs 416 (up 21.8%).

The BSE BANKEX has moved up from 27,121 to 33,270, registering a gain of 6,149 points (up 22.6%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 47.9%), ICICI BANK (up 39.2%) and KOTAK MAHINDRA BANK (up 28.5%).

What About the Benchmark Indices?

The BSE Sensex is at 38,213 (up 1.1%). The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 2.9%), RELIANCE IND. (up 2.8%) and BAJAJ FINANCE (up 2.6%). Other gainers include SBI (up 2.6%) and ASIAN PAINTS (up 2.4%). The most traded stocks in the BSE Sensex are SBI and SUN PHARMA.

In the meantime, NSE Nifty is at 11,473 (up 1.0%). The top gainers in the NSE Nifty include BAJAJ FINANCE (up 2.9%), VEDANTA LTD (up 2.9%) and RELIANCE IND. (up 2.8%). Other gainers include SBI (up 2.5%) and NTPC (up 2.3%).

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 38,213, registering a gain of 5,147 points (up 15.5%).

HDFC BANK Financial Update...

HDFC BANK net profit stood at Rs 56 billion for the quarter ended December 2018, compared to a profit of Rs 46 billion a year ago. Operating income rose 25.8% to Rs 258.9 billion during the period as against Rs 205.8 billion in October-December 2017.

For the year ended March 2018, HDFC BANK reported 21.3% increase in net profit to Rs 184.6 billion compared to net profit of Rs 152.1 billion during FY17.

Revenue of the company grew 16.4% to Rs 853 billion during FY18.

The current Price to earnings ratio of HDFC BANK, based on rolling 12 month earnings, stands at 29.9x.

This article (HDFC BANK at All Time High; BSE BANKEX Index Up 1.6%) 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.


Click here to Read full Details Sources @ http://feeds.equitymaster.com/~r/TodaysMarket/~3/4y9pSpeSM-k/indian-share-markets-updates.asp

HCC Surges by 5%; BSE REALTY Index Up 1.2%


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HCC share price has zoomed 5% and is presently trading at Rs 16.

Meanwhile, the BSE REALTY Index is at 2,078 (up 1.2%).

Among the top Gainers in the BSE REALTY Index today are HCC (up 5.1%) and DLF (up 5.1%).

GODREJ PROPERTIES (down 1.5%) and PRESTIGE ESTATES (down 1.5%) are among the top losers today.

Over the last one year, HCC has moved down from Rs 21 to Rs 16, registering a loss of Rs 6 (down 28.5%).

On the other hand, the BSE REALTY has moved down from 2,248 to 2,078, loss of 170 points (down 8.8%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were SUNTECK REALTY (up 13.7%), GODREJ PROPERTIES (up 11.8%) and OBEROI REALTY (up 8.8%).

What About the Benchmark Indices?

The BSE Sensex is at 38,008 (up 0.4%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 3.0%), BAJAJ FINANCE (up 2.3%) and RELIANCE IND. (up 2.1%). Other gainers include SBI (up 1.9%) and ASIAN PAINTS (up 1.8%). The most traded stocks in the BSE Sensex are SUN PHARMA and ICICI BANK.

In the meantime, NSE Nifty is at 11,417 (up 0.5%). VEDANTA LTD (up 3.1%) and BAJAJ FINANCE (up 2.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 38,008, registering a gain of 4,942 points (up 14.8%).

HCC Financial Update...

HCC net profit down at Rs 99 million for the quarter ended December 2018, compared to a loss of Rs 313 million a year ago. Net Sales declined 10.5% to Rs 11.0 billion during the period as against Rs 12.3 billion in October-December 2017.

For the year ended March 2018, HCC reported 2.8% increase in net profit to Rs 8.9 billion compared to net profit of Rs 8.7 billion during FY17.

Revenue of the company grew 2.7% to Rs 101 billion during FY18.

The current Price to earnings ratio of HCC, based on rolling 12 month earnings, stands at 0.6x.

This article (HCC Surges by 5%; BSE REALTY 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/BxWU_ZJ2_Fc/indian-share-markets-updates.asp

GMR INFRA Surges by 11%; BSE 500 Index Up 0.4%


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GMR INFRA share price has zoomed 11% and is presently trading at Rs 19.

Meanwhile, the BSE 500 Index is at 14,994 (up 0.4%).

Among the top Gainers in the BSE 500 Index today is GMR INFRA (up 11.1%).

HERO MOTOCORP and GHCL are among the top losers today.

Over the last one year, GMR INFRA has moved up from Rs 17 to Rs 19, registering a gain of Rs 2 (up 12.1%).

On the other hand, the BSE 500 has moved up from 14,116 to 14,994, registering a gain of 878 points (up 6.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 101.0%), VINATI ORGANICS (up 98.3%) and BATA INDIA (up 81.2%).

What About the Benchmark Indices?

The BSE Sensex is at 38,000 (up 0.4%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 2.7%), RELIANCE IND. (up 2.0%) and NTPC (up 1.7%). Other gainers include BAJAJ FINANCE (up 1.7%) and SBI (up 1.6%). The most traded stocks in the BSE Sensex are SUN PHARMA and ICICI BANK.

In the meantime, NSE Nifty is at 11,417 (up 0.5%). VEDANTA LTD (up 3.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 38,000, registering a gain of 4,934 points (up 14.8%).

GMR INFRA Financial Update...

GMR INFRA net profit down at Rs 4 billion for the quarter ended December 2018, compared to a loss of Rs 1 billion a year ago. Net Sales declined 5.5% to Rs 19.6 billion during the period as against Rs 20.7 billion in October-December 2017.

For the year ended March 2018, GMR INFRA reported 266.4% increase in net profit to Rs 6.5 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 8.7% to Rs 87 billion during FY18.

The current Price to earnings ratio of GMR INFRA, based on rolling 12 month earnings, stands at down 11.2x.

This article (GMR INFRA 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.


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RELIANCE CAPITAL Surges by 10%; BSE 500 Index Up 0.5%


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RELIANCE CAPITAL share price has zoomed 10% and is presently trading at Rs 206.

Meanwhile, the BSE 500 Index is at 14,994 (up 0.5%).

Among the top Gainers in the BSE 500 Index today is RELIANCE CAPITAL (up 10.2%).

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

Over the last one year, RELIANCE CAPITAL has moved down from Rs 416 to Rs 206, registering a loss of Rs 211 (down 50.9%).

On the other hand, the BSE 500 has moved up from 14,116 to 14,994, registering a gain of 878 points (up 6.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 101.0%), VINATI ORGANICS (up 97.4%) and BATA INDIA (up 81.0%).

What About the Benchmark Indices?

The BSE Sensex is at 38,000 (up 0.4%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 2.6%), RELIANCE IND. (up 2.0%) and NTPC (up 1.9%). Other gainers include SBI (up 1.7%) and BAJAJ FINANCE (up 1.7%). The most traded stocks in the BSE Sensex are SUN PHARMA and ICICI BANK.

In the meantime, NSE Nifty is at 11,417 (up 0.4%). VEDANTA LTD (up 2.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 38,000, registering a gain of 4,934 points (up 14.8%).

RELIANCE CAPITAL Financial Update...

RELIANCE CAPITAL net profit down at Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 3 billion a year ago. Net Sales rose 5.3% to Rs 50.0 billion during the period as against Rs 47.5 billion in October-December 2017.

For the year ended March 2018, RELIANCE CAPITAL reported 1.0% decrease in net profit to Rs 12.3 billion compared to net profit of Rs 12.5 billion during FY17.

Revenue of the company grew 13.5% to Rs 199 billion during FY18.

The current Price to earnings ratio of RELIANCE CAPITAL, based on rolling 12 month earnings, stands at 6.4x.

This article (RELIANCE CAPITAL Surges by 10%; BSE 500 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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RELIANCE INFRA Surges by 6%; BSE POWER Index Up 1.1%


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RELIANCE INFRA share price has zoomed 6% and is presently trading at Rs 136.

Meanwhile, the BSE POWER Index is at 2,034 (up 1.1%).

Among the top Gainers in the BSE POWER Index today are RELIANCE INFRA (up 5.6%) and GMR INFRA (up 7.9%).

CG POWER & INDUSTRIAL (down 0.2%) and ABB INDIA (down 0.7%) are among the top losers today.

Over the last one year, RELIANCE INFRA has moved down from Rs 424 to Rs 136, registering a loss of Rs 289 (down 68.0%).

On the other hand, the BSE POWER has moved down from 2,133 to 2,034, loss of 99 points (down 4.8%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI POWER (up 101.5%), ADANI TRANSMISSION (up 10.4%) and GMR INFRA (up 8.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,963 (up 0.2%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 2.2%), NTPC (up 1.8%) and RELIANCE IND. (up 1.7%). Other gainers include SBI (up 1.6%) and ASIAN PAINTS (up 1.6%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 11,403 (up 0.3%). VEDANTA LTD (up 2.3%) and NTPC (up 2.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 37,963, registering a gain of 4,897 points (up 14.5%).

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 1.3x.

This article (RELIANCE INFRA Surges by 6%; BSE POWER 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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MEGHMANI ORGANICS Plunges by 5%; BSE 500 Index Up 0.2%


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MEGHMANI ORGANICS share price has plunged 5% and is presently trading at Rs 64.

Meanwhile, the BSE 500 Index is at 14,982 (up 0.2%).

Among the top losers in the BSE 500 Index today are MEGHMANI ORGANICS (down 5.3%) and NLC INDIA LTD (down 9.0%).

JET AIRWAYS (up 8.7%) and GMR INFRA (up 7.9%) are among the top gainers today.

Over the last one year, MEGHMANI ORGANICS has moved down from Rs 86 to Rs 64, registering a loss of Rs 21 (down 25.0%)..

The BSE 500 has moved up from 14,116 to 14,982, registering a gain of 866 points (up 6.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 101.7%), VINATI ORGANICS (up 97.6%) and BATA INDIA (up 81.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,963 (up 0.1%). The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 2.1%). The most traded stocks in the BSE Sensex are ICICI BANK and YES BANK.

In the meantime, NSE Nifty is at 11,403 (up 0.2%). GAIL (up 2.1%) and INDIABULLS HOU. FIN. (up 2.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 37,963, registering a gain of 4,897 points (up 14.5%).



This article (MEGHMANI ORGANICS Plunges by 5%; BSE 500 Index Up 0.2%) 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.

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Sensex Trades Flat; IT Stocks Under Pressure


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Share markets in India are presently trading on a flat note. Sectoral indices are trading mixed with stocks in the IT sector and FMCG sector witnessing selling pressure while realty stocks, energy stocks and metal stocks are witnessing buying interest.

The BSE Sensex is trading up by 33 points, while the NSE Nifty is trading up by 12 points. The BSE Mid Cap index is trading up by 0.6% and the BSE Small Cap index is trading up by 0.3%.

The rupee is currently trading at 68.81 against the US$.

In the news from the commodity space, crude oil is witnessing buying interest today, pushed up by ongoing supply cuts led by producer club OPEC and by US sanctions on Iran and Venezuela.

Note that crude oil prices were near 2019 highs last week, supported by supply cuts led by producer club OPEC. Reportedly, US sanctions against oil producers Iran and Venezuela are boosting prices.

Last week, the OPEC scrapped its planned meeting in April, effectively extending supply cuts that have been in place since January until at least June, when the next meeting is scheduled.

The OPEC and non-affiliated allies like Russia - known as the OPEC+ alliance - have been withholding around 1.2 million barrels per day (bpd) in crude supply from the start of the year to tighten markets and prop up prices.

US crude oil output has soared by more than 2 million barrels per day (bpd) since early 2018, to around 12 million bpd, making America the world's biggest producer ahead of Russia and Saudi Arabia.

On the demand-side, there is concern that an economic slowdown as well as improving energy efficiency and the emergence of alternative transport fuels will erode oil consumption.

Moving on to the news from the realty sector, DLF share price is witnessing buying interest today. Shares of the company are trading 8% higher after the real estate developer on Monday announced the launch of a Qualified Institutional Placement (QIP) programme to raise Rs 31.8 billion.

DLF said a meeting of Securities Issuance Committee of the board of directors is scheduled to be held on Thursday, March 28, to consider and determine the issue price of the equity shares to be issued in the QIP.

This is the third major fundraising from DLF. In 2007, DLF raised close to Rs 92 billion through initial public offer (IPO). In 2013, the company had raised nearly Rs 19 billion through the institutional placement programme.

Reportedly, the company intends to utilize the net proceeds primarily towards prepayment/repayment of a portion of the borrowings. As of December 31, 2018, the company's total debt and net debt aggregated to Rs 192.8 billion and Rs 173 billion.

Last week, DLF announced its second joint venture with global realty investment, development and management firm Hines. India's largest real estate developer will work on a project with total value of 70 billion.

DLF Home Developers (DHDL), a wholly owned subsidiary of DLF, and Green Horizon Trustee, an affiliate of Hines, have entered into a joint venture (JV) to develop a high-end commercial project in Gurugram.

To know more about the company, you can read DLF's latest result analysis and DLF's annual report analysis on our website.

Speaking of realty sector, note that The BSE Realty index has been volatile in the last five years.

Have a look at the chart below to see the performance:

Volatile Performance of BSE Realty Index in the Last Five Years

Here's what Sarvajeet Bodas wrote about it in one of the recent editions of The 5 Minute WrapUp...

  • In 2017, the BSE Realty index was the best performer with a massive gain of 98%. In the next year, the index was the worst performer with a decline of 31%.

    In 2018, the realty sector took a beating on the back of concerns of higher interest rates and accounting changes (from percentage of completion method to completion method). The NBFC crisis added to the woes.

    Interestingly, 2018 also witnessed some improvement in real estate sales.

    2019 hasn't been good so far with the index down about 3%.

    However, the recent budgetary support and interest rate reduction by the RBI could help to revive demand.

    Buying the right real estate stock today is the way to go.

He believes, this could be the turning point for the real estate sector.



This article (Sensex Trades Flat; IT Stocks Under Pressure) 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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SUZLON ENERGY Surges by 5%; BSE OIL & GAS Index Up 0.8%


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SUZLON ENERGY share price has zoomed 5% and is presently trading at Rs 7.

Meanwhile, the BSE OIL & GAS Index is at 15,262 (up 0.8%).

Among the top Gainers in the BSE OIL & GAS Index today is SUZLON ENERGY (up 5.3%).

PETRONET LNG (down 0.3%) and BPCL (down 0.9%) are among the top losers today.

Over the last one year, SUZLON ENERGY has moved down from Rs 11 to Rs 7, registering a loss of Rs 4 (down 38.6%).

On the other hand, the BSE OIL & GAS has moved up from 14,453 to 15,262, registering a gain of 809 points (up 4.8%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 49.1%), GAIL (up 12.7%) and INDRAPRASTHA GAS (up 9.9%).

What About the Benchmark Indices?

The BSE Sensex is at 37,963 (up 0.1%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 2.1%), ASIAN PAINTS (up 1.7%) and BAJAJ FINANCE (up 1.7%). Other gainers include NTPC (up 1.5%) and SBI (up 1.4%). The most traded stocks in the BSE Sensex are SUN PHARMA and YES BANK.

In the meantime, NSE Nifty is at 11,403 (up 0.1%). VEDANTA LTD (up 2.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 37,963, registering a gain of 4,897 points (up 14.4%).

SUZLON ENERGY Financial Update...

SUZLON ENERGY net profit declined 20.3% YoY to Rs 386 million for the quarter ended December 2018, compared to a loss of Rs 484 million a year ago. Net Sales declined 50.6% to Rs 11.0 billion during the period as against Rs 22.2 billion in October-December 2017.

For the year ended March 2018, SUZLON ENERGY reported 193.2% decrease in net profit to Rs 8.4 billion compared to net profit of Rs 9.0 billion during FY17.

Revenue of the company grew 34.7% to Rs 83 billion during FY18.

The current Price to earnings ratio of SUZLON ENERGY, based on rolling 12 month earnings, stands at down 2.0x.

This article (SUZLON ENERGY Surges by 5%; BSE OIL & GAS Index Up 0.8%) 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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PIDILITE INDUSTRIES at All Time High; BSE FMCG Index Down 0.1%


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PIDILITE INDUSTRIES share price has hit an all-time high at Rs 1,216 (up 3.1%).

Meanwhile, the BSE FMCG Index is at 11,633 (down 0.1%).

Among the top gainers in the BSE FMCG Index today are PIDILITE INDUSTRIES (up 3.1%) and NESTLE (up 1.4%).

VENKYS (I) LIMITED (down 0.1%) and RADICO KHAITAN (down 0.1%) are among the top losers today.

Over the last one year, PIDILITE INDUSTRIES has moved up from Rs 908 to Rs 1,216, registering a gain of Rs 308 (up 33.8%).

The BSE FMCG has moved up from 10,259 to 11,633, registering a gain of 1,374 points (up 12.9%) during the last 12 months.

The top gainers among the BSE FMCG Index stocks during this same period were BALRAMPUR CHINI (up 60.8%), UNITED BREWERIES (up 37.5%) and GODFREY PHILLIPS (up 36.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,963 (up 0.1%). The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 2.0%), NTPC (up 1.7%) and ASIAN PAINTS (up 1.7%). Other gainers include BAJAJ FINANCE (up 1.7%) and RELIANCE IND. (up 1.5%). The most traded stocks in the BSE Sensex are SUN PHARMA and YES BANK.

In the meantime, NSE Nifty is at 11,403 (up 0.1%). The top gainers in the NSE Nifty include INDIABULLS HOU. FIN. (up 2.2%), GAIL (up 2.1%) and BAJAJ FINANCE (up 1.9%). Other gainers include VEDANTA LTD (up 1.9%) and NTPC (up 1.7%).

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 37,963, registering a gain of 4,897 points (up 14.5%).

PIDILITE INDUSTRIES Financial Update...

PIDILITE INDUSTRIES net profit down at Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 2 billion a year ago. Net Sales rose 19.8% to Rs 18.5 billion during the period as against Rs 15.4 billion in October-December 2017.

For the year ended March 2018, PIDILITE INDUSTRIES reported 12.2% increase in net profit to Rs 9.7 billion compared to net profit of Rs 8.6 billion during FY17.

Revenue of the company grew 2.6% to Rs 62 billion during FY18.

The current Price to earnings ratio of PIDILITE INDUSTRIES, based on rolling 12 month earnings, stands at 65.8x.

This article (PIDILITE INDUSTRIES at All Time High; BSE FMCG Index Down 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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WELSPUN CORP Surges by 5%; BSE CAPITAL GOODS Index Up 0.5%


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WELSPUN CORP share price has zoomed 5% and is presently trading at Rs 126.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,305 (up 0.5%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are WELSPUN CORP (up 5.0%) and DILIP BUILDCON LTD (up 6.8%).

CARBORUNDUM UNIVERSAL (down 0.1%) and LAKSHMI MACHINE (down 0.1%) are among the top losers today.

Over the last one year, WELSPUN CORP has moved down from Rs 130 to Rs 126, registering a loss of Rs 4 (down 3.0%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,335 to 18,305, loss of 30 points (down 0.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 50.9%), AIA ENGINEERING (up 20.9%) and SKF INDIA (up 12.0%).

What About the Benchmark Indices?

The BSE Sensex is at 37,963 (up 0.3%).

The top gainers among the BSE Sensex stocks today are COAL INDIA (up 1.7%), RELIANCE IND. (up 1.5%) and ICICI BANK (up 1.4%). Other gainers include SBI (up 1.3%) and VEDANTA LTD (up 1.3%). The most traded stocks in the BSE Sensex are YES BANK and ONGC.

In the meantime, NSE Nifty is at 11,403 (up 0.3%). INDIABULLS HOU. FIN. (up 2.4%) and IOC (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 37,963, registering a gain of 4,897 points (up 14.7%).

WELSPUN CORP Financial Update...

WELSPUN CORP net profit down at Rs 514 million for the quarter ended December 2018, compared to a loss of Rs 886 million a year ago. Net Sales rose 15.4% to Rs 26.6 billion during the period as against Rs 23.0 billion in October-December 2017.

For the year ended March 2018, WELSPUN CORP reported 167.2% increase in net profit to Rs 2.4 billion compared to net profit of Rs 894.0 million during FY17.

Revenue of the company grew 25.7% to Rs 76 billion during FY18.

The current Price to earnings ratio of WELSPUN CORP, based on rolling 12 month earnings, stands at 17.0x.

This article (WELSPUN CORP Surges by 5%; BSE CAPITAL GOODS 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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DLF Surges by 6%; BSE REALTY Index Up 2.3%


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DLF share price has zoomed 6% and is presently trading at Rs 200.

Meanwhile, the BSE REALTY Index is at 2,074 (up 2.3%).

Among the top Gainers in the BSE REALTY Index today is DLF (up 5.6%).

PRESTIGE ESTATES (down 0.2%) is among the top loser today.

Over the last one year, DLF has moved down from Rs 210 to Rs 200, registering a loss of Rs 10 (down 4.6%).

On the other hand, the BSE REALTY has moved down from 2,248 to 2,074, loss of 174 points (down 7.8%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were SUNTECK REALTY (up 15.1%), GODREJ PROPERTIES (up 14.1%) and PHOENIX MILL (up 10.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,921 (up 0.3%).

The top gainers among the BSE Sensex stocks today are COAL INDIA (up 1.9%), ONGC (up 1.9%) and NTPC (up 1.6%). Other gainers include RELIANCE IND. (up 1.3%) and VEDANTA LTD (up 1.1%). The most traded stocks in the BSE Sensex are YES BANK and ONGC.

In the meantime, NSE Nifty is at 11,394 (up 0.4%). IOC (up 2.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 37,921, registering a gain of 4,855 points (up 14.7%).

DLF Financial Update...

DLF net profit down at Rs 1 billion for the quarter ended December 2018, compared to a loss of Rs 41 billion a year ago. Net Sales rose 31.0% to Rs 22.2 billion during the period as against Rs 16.9 billion in October-December 2017.

For the year ended March 2018, DLF reported 1305.7% decrease in net profit to Rs 44.7 billion compared to net profit of Rs 3.7 billion during FY17.

Revenue of the company grew 18.4% to Rs 67 billion during FY18.

The current Price to earnings ratio of DLF, based on rolling 12 month earnings, stands at 167.4x.

This article (DLF Surges by 6%; BSE REALTY Index Up 2.3%) 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.


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TAKE SOLUTIONS Surges by 6%; BSE IT Index Down 0.9%


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TAKE SOLUTIONS share price has zoomed 6% and is presently trading at Rs 132.

Meanwhile, the BSE IT Index is at 15,111 (down 0.9%).

Among the top Gainers in the BSE IT Index today is TAKE SOLUTIONS (up 5.7%).

HCL TECHNOLOGIES and MPHASIS (down 0.4%) are among the top losers today.

Over the last one year, TAKE SOLUTIONS has moved down from Rs 164 to Rs 132, registering a loss of Rs 32 (down 19.3%).

On the other hand, the BSE IT has moved up from 12,092 to 15,111, registering a gain of 3,019 points (up 23.8%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 45.4%), TCS (up 39.5%) and ZENSAR TECHNOLOGIES (up 28.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,910 (up 0.3%).

The top gainers among the BSE Sensex stocks today are COAL INDIA (up 2.2%), ONGC (up 1.9%) and NTPC (up 1.8%). Other gainers include RELIANCE IND. (up 1.2%) and INDUSIND BANK (up 1.1%). The most traded stocks in the BSE Sensex are YES BANK and ONGC.

In the meantime, NSE Nifty is at 11,394 (up 0.3%). IOC (up 2.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 37,910, registering a gain of 4,844 points (up 14.6%).

TAKE SOLUTIONS Financial Update...

TAKE SOLUTIONS net profit down at Rs 364 million for the quarter ended December 2018, compared to a loss of Rs 420 million a year ago. Net Sales rose 27.8% to Rs 5.2 billion during the period as against Rs 4.1 billion in October-December 2017.

For the year ended March 2018, TAKE SOLUTIONS reported 9.4% increase in net profit to Rs 1.6 billion compared to net profit of Rs 1.5 billion during FY17.

Revenue of the company grew 18.0% to Rs 16 billion during FY18.

The current Price to earnings ratio of TAKE SOLUTIONS, based on rolling 12 month earnings, stands at 9.9x.

This article (TAKE SOLUTIONS Surges by 6%; BSE IT Index Down 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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Sensex Opens Flat; Realty and Energy Stocks Gain


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Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.4% while the Hang Seng is up 0.3%. The Nikkei 225 is trading up by 1.8%. While, the indices in the US moved between negative and positive territory throughout the session, with investors keeping their eyes on the US Treasury market.

Back home, India share markets opened on a flat note. The BSE Sensex is trading up by 49 points while the NSE Nifty is trading up by 22 points. Both, the BSE Mid Cap index and BSE Small Cap index opened up by 0.3%.

Barring IT stocks and telecom stocks, all the sectoral indices have opened the day in green with realty stocks and energy stocks leading the gainers.

The rupee is currently trading at 68.91 against the US$.

The rupee ended almost flat at 68.96 per US dollar Monday as participants preferred to wait on the sidelines to see the outcome of RBI's first-ever rupee-dollar swap auction.

The forex market sentiment revived towards the fag-end, offsetting early losses amid increased selling of the greenback by exporters, the reports noted.

At the Interbank Foreign Exchange market, the rupee opened on a weak note at 69.09 then fell further to 69.17 against the US dollar. The local unit, however, erased the initial gains and finished at Rs 68.96, down by just 1 paisa over its previous close.

On Friday, the rupee had ended lower by 12 paise at 68.95 against the American currency on rise in demand for the greenback from importers and sell-off in domestic equities.

The rupee-dollar swap auction announced by the RBI earlier in March will infuse Rs 350 billion into the system. The auction of US$ 5 billion for a tenure of three years will be conducted today.

Additionally, foreign portfolio investors (FPIs) bought equities worth a net Rs 1.5 billion on Monday. Ongoing flood of liquidity into both debt and equity coinciding with the stable dollar index has led to recent strength of rupee.

Foreign investors are back in the news.

The recent surge in the Indian stock markets can be also attributed to the strong foreign investor inflows into Indian equities.

The chart reveals the monthly trend in foreign investor flows into Indian equities over the last five years. The period almost coincides with the term of the Modi government.

Are Foreign Investors Coming Back to Indian Equities?

During this period, you can see that foreign investor participation in Indian equities shrank.

Over the last five years, foreign investors were net sellers in 24 months. Effectively, foreign investors were net sellers 40% of the time.

The chart shows that the highest monthly net foreign investor inflow over the last five years was recorded in March 2017 at Rs 337.8 billion.

However, foreign investor flows are influenced by a myriad of global factors and are susceptible to change course anytime.

Moving on to other news. As per an article in a leading financial daily, food inflation in the country is likely to go up to 2% in FY20 from the 0.7% estimated for FY19.

It can be noted that the low food prices have been one of the prime factors which has aided the RBI to be more accommodatory in its rate setting recently.

As per the report, low food prices in the last few months can be attributed to the prices of cereals and vegetables which have been low for some time.

Deregulation of markets, which saw delisting of vegetables from the Agriculture Produce and Marketing Committee Act (APMC) in 14 states, has helped the vegetable prices.

In the case of cereals, "active food management" policies have helped, and the government released buffer stocks in large quantities and went in for higher imports on this front.

Going forward, the food inflation is unlikely to shoot up sharply unless there is some shock related to weather events, the reports noted.

Now how this pans out going forward remains to be seen. Meanwhile, we will keep you updated of the developments from this space.

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



This article (Sensex Opens Flat; Realty and Energy Stocks Gain) 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/Jo8NNUB2L_4/tm.asp

DILIP BUILDCON LTD Surges by 5%; BSE CAPITAL GOODS Index Up 0.2%


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DILIP BUILDCON LTD share price has zoomed 5% and is presently trading at Rs 640.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,260 (up 0.2%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is DILIP BUILDCON LTD (up 5.1%).

L&T and SKF INDIA (down 0.1%) are among the top losers today.

Over the last one year, DILIP BUILDCON LTD has moved down from Rs 988 to Rs 640, registering a loss of Rs 348 (down 35.3%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,335 to 18,260, loss of 75 points (down 0.8%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 50.8%), AIA ENGINEERING (up 20.6%) and SKF INDIA (up 13.0%).

What About the Benchmark Indices?

The BSE Sensex is at 37,910 .

The top gainers among the BSE Sensex stocks today are ONGC (up 1.9%), COAL INDIA (up 1.8%) and NTPC (up 1.5%). Other gainers include YES BANK (up 0.7%) and VEDANTA LTD (up 0.7%). The most traded stocks in the BSE Sensex are YES BANK and ONGC.

In the meantime, NSE Nifty is at 11,393 (up 0.2%). IOC (up 2.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 37,910, registering a gain of 4,844 points (up 14.4%).



This article (DILIP BUILDCON LTD Surges by 5%; BSE CAPITAL GOODS Index Up 0.2%) 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/_0n3Cap6KyA/indian-share-markets-updates.asp

DIVIS LABORATORIES at All Time High; BSE HEALTHCARE Index Up 0.5%


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DIVIS LABORATORIES share price has hit an all-time high at Rs 1,767 (up 1.5%).

Meanwhile, the BSE HEALTHCARE Index is at 14,189 (up 0.5%).

Among the top gainers in the BSE HEALTHCARE Index today are DIVIS LABORATORIES (up 1.5%) and ABBOTT INDIA (up 0.5%).

APOLLO HOSPITALS and DR. LAL PATHLABS LTD (down 0.1%) are among the top losers today.

Over the last one year, DIVIS LABORATORIES has moved up from Rs 1,057 to Rs 1,767, registering a gain of Rs 710 (up 63.9%).

The BSE HEALTHCARE has moved up from 13,186 to 14,189, registering a gain of 1,003 points (up 7.5%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were DIVIS LABORATORIES (up 63.9%), SUVEN LIFESCIENCES (up 55.0%) and PFIZER (up 51.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,910 (up 0.2%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.9%), COAL INDIA (up 1.7%) and VEDANTA LTD (up 1.3%). Other gainers include ONGC (up 1.2%) and BHARTI AIRTEL (up 0.9%). The most traded stocks in the BSE Sensex are NTPC and COAL INDIA.

In the meantime, NSE Nifty is at 11,393 (up 0.2%). The top gainers in the NSE Nifty include IOC (up 2.9%), ONGC (up 2.1%) and COAL INDIA (up 1.9%). Other gainers include NTPC (up 1.7%) and HPCL (up 1.7%).

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 37,910, registering a gain of 4,844 points (up 14.6%).

DIVIS LABORATORIES Financial Update...

DIVIS LABORATORIES net profit stood at Rs 4 billion for the quarter ended December 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 29.4% to Rs 13.4 billion during the period as against Rs 10.4 billion in October-December 2017.

For the year ended March 2018, DIVIS LABORATORIES reported 17.3% decrease in net profit to Rs 8.8 billion compared to net profit of Rs 10.6 billion during FY17.

Revenue of the company grew 4.7% to Rs 39 billion during FY18.

The current Price to earnings ratio of DIVIS LABORATORIES, based on rolling 12 month earnings, stands at 35.3x.

This article (DIVIS LABORATORIES at All Time High; BSE HEALTHCARE 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/~3/7KWGVnkC6MU/indian-share-markets-updates.asp

SADBHAV ENGINEERING Surges by 6%; BSE CAPITAL GOODS Index Up 0.2%


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SADBHAV ENGINEERING share price has zoomed 6% and is presently trading at Rs 264.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,196 (up 0.2%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is SADBHAV ENGINEERING (up 5.9%).

SIEMENS (down 0.1%) and ABB INDIA (down 0.2%) are among the top losers today.

Over the last one year, SADBHAV ENGINEERING has moved down from Rs 393 to Rs 264, registering a loss of Rs 130 (down 32.9%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,335 to 18,196, loss of 139 points (down 0.8%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 49.8%), AIA ENGINEERING (up 20.6%) and SKF INDIA (up 13.1%).

What About the Benchmark Indices?

The BSE Sensex is at 37,886 (up 0.2%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 3.3%), HERO MOTOCORP (up 1.2%) and AXIS BANK (up 0.8%). Other gainers include VEDANTA LTD (up 0.8%) and MARUTI SUZUKI (up 0.7%). The most traded stocks in the BSE Sensex are BAJAJ AUTO and COAL INDIA.

In the meantime, NSE Nifty is at 11,375 (up 0.2%). INDIABULLS HOU. FIN. (up 1.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 37,886, registering a gain of 4,820 points (up 14.6%).

SADBHAV ENGINEERING Financial Update...

SADBHAV ENGINEERING net profit down at Rs 563 million for the quarter ended December 2018, compared to a loss of Rs 618 million a year ago. Net Sales declined 1.0% to Rs 9.3 billion during the period as against Rs 9.4 billion in October-December 2017.

For the year ended March 2018, SADBHAV ENGINEERING reported 33.6% decrease in net profit to Rs 1.1 billion compared to net profit of Rs 1.7 billion during FY17.

Revenue of the company grew 10.6% to Rs 50 billion during FY18.

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

This article (SADBHAV ENGINEERING Surges by 6%; BSE CAPITAL GOODS Index Up 0.2%) 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/~3/1yFYYgj5BM0/indian-share-markets-updates.asp

Sensex Trades in Red, Jet Airways in Focus, and Top Stocks in Action


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On Monday, share markets in India opened on a negative note and ended the day in red after an dull day of trading.

The BSE Sensex closed lower by 356 points to end the day at 37,808. While the broader NSE Nifty ended down by 103 points, to end the day at 11,354 points.

Among BSE sectoral indices, realty stocks fell the most by 1.8%, followed by bank stocks at 1.3%. Tata Motors and Yes Bank were among the top losers.

Top Stocks in Action Today

Dr Reddy's share price will be in focus today as the USFDA completed audit of R&D facility of Aurigene Discovery Technologies, a wholly owned subsidiary of Dr. Reddy's Laboratories, situated at Hyderabad. No FDA 483 was issued at the end of inspection.

PFC share price is likely to be in focus as it completed the acquisition of the government's 52.6% stake in Rural Electrification Corp for Rs 145 billion.

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Jet Airways Takes Flight

On Monday, Jet Airways' share price went up by over 12.5% as it was reported that founder and principal promoters Naresh Goyal and his wife, Anita Goyal would step down from the board.

As per an article in The Economic Times, the debt-laden airline's lenders' consortium may invoke the entire 51% stake of Naresh Goyal in the airline and start looking for a new buyer in the weeks to come.

Here's an excerpt from the article:

  • The current CEO Vinay Dube is expected to stay on and steer Jet out of the current crisis.

    Former SBI managing director and a former Jet Airways board member Srinivasan Vishvanathan may be invited to join the airline's top leadership. Vishvanathan was on Jet's board as an Independent Director till August 2018 for nearly three years.

Reportedly, this development occurred after Etihad expressed its desire to exit the airline by formally asking State Bank of India (SBI) to purchase its stake in the airline.

In 2013, Jet Airways survived a similar crisis when Abu Dhabi's Etihad Airways injected US$600 million of capital for a 24% stake in the airline, three London Heathrow slots and a majority share in Jet's frequent flyer programme. The infusion helped Jet pare down debt and fight growing domestic competition.

With more than US$1 billion of debt, Jet is struggling to stay afloat. It has delayed payments to banks, suppliers, pilots and lessors - some of which have forced the airline to ground as many as 40 planes.

How this pans out going forward remains to be seen. Meanwhile, we will keep you updated on the latest developments from this space.



This article (Sensex Trades in Red, Jet Airways in Focus, 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.

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

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