Market Wrap-up:
Market dips on Bihar verdict; Auto shares, PSU Bank gains:
The markets extended losses for the fifth straight session as sell-off in the last hour of trade to end Samvat Year 2071 on a dismal note ahead of the Diwali Muhurat trading session as well as traders turned cautious in the truncated week while worries over foreign fund outflows amid prospects of interest rate hike by the US Fed also dampened sentiment.
HEADLINES FOR THE DAY:
EARNINGS CORNER:
Results on 13th November 2015:
CALLS FROM TECHNICAL FRONT:
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Rajnish Singh is a staff writer at www.trifidresearch.com/blog
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Market dips on Bihar verdict; Auto shares, PSU Bank gains:
The markets extended losses for the fifth straight session as sell-off in the last hour of trade to end Samvat Year 2071 on a dismal note ahead of the Diwali Muhurat trading session as well as traders turned cautious in the truncated week while worries over foreign fund outflows amid prospects of interest rate hike by the US Fed also dampened sentiment.
HEADLINES FOR THE DAY:
- Wipro ink pacts with Apttus to offer cloud based solutions; stock tanks.
- Rel Infra commences tolling of Kandla - Mundra highway.
- Gammon Infra arm commissions power project in MH (Maharashtra).
- Indigo shares opened higher than its issued price today on the day of listing.
EARNINGS CORNER:
- Suven Life quarter two net stood at Rs 24.72 crore, which company reported today. Net sales tanks 16.49 percent to Rs 116.76 crore from Rs 139.83 crore.
- Hindalco reported a 31 percent jump in Q2 net profit at Rs 103.3 crore despite of weak performance, slow revenue growth as well as higher finance cost. Other income boosted bottom line growth. Revenue for the quarter, up 4.3 pct to Rs 8925 crore.
- NCC gains after reported robust Q2 numbers, net profit surged 149 percent to Rs 55 crore on the back of lower total expenses and interest cost despite fall in revenue, revenue tanks 6.7 pct which stood at Rs 2096.4 crore.
- Coffee Day narrows Q2 loss on the back of strong revenue, loss for the quarter stood at Rs 9.3 crore from Rs 39.3 crore compared on a yearly basis, led by strong revenue and operational performance.
- NBCC ends on a flat to negative note after the company posted 12 pct rise in Q2 net profit to Rs 68.28 crore on account of increase in revenue from operations.
- Eros International reported robust numbers for the July - Sept quarter, net profit jump 80 percent stood at Rs 90.30 crore from Rs 50.14 crore compared on a yearly basis.
- Vadilal reported 10 fold jump in Q2 net profit, which stood at Rs 3.02 crore against Rs 0.28 crore compared on a yearly basis.
- Radico Khaitan net up 25 percent to Rs 19 crore against 15 crore for the same quarter last year.
- MTNL Q2 net loss narrows to Rs 730 crore against the net loss of Rs 834.22 crore compared on a yearly basis (Y-o-Y). Revenue tanks more than 7 percent and settled at Rs 787.21 crore from Rs 850.72 crore.
- Balaji Telefilms reported profit for the Q2, consolidated net profit at Rs 7 crore from a net loss of Rs 7.57 crore for the same quarter last fiscal.
- Central Bank shares tanks despite reported 9.67 pct rise in Q2 net profit, which stood at Rs 112.9 crore against Rs 102.91 crore for the last fiscal. NPA increased.
Results on 13th November 2015:
- BGR Energy, Coal India, CESC. Everest IND, JK Bank, Jindal Saw, Kaveri Seed, TV Today, Wockpharma are coming up with its Q2 (Quarter 2) results on Friday.
CALLS FROM TECHNICAL FRONT:
- KRBL EQ has given breakouts of channel pattern which we can seen in intraday charts (15 min) and given closing above it which indicates more buying from here. Buy above 227.70 targets 230/232.30/234.60 maintain SL of 225.
- Ashokley EQ gains for the third day in a row, more buying could be seen in the next trading session from current levels, buy above 90.20 targets 91.20/92.20/93.20 SL 89.10..
Get more information at www.trifidresearch.com
Rajnish Singh is a staff writer at www.trifidresearch.com/blog
Get best Fundamental & technical analysis Report of Indian share markets here.