Investment in stock and commodity markets are subject to market risk. Free call are only for paper trade to see our performance Don’t’ trade on free call, trade only on calls received through SMS with proper Targets and stop loss . Telephone trading tips should be ignored.

admin

Steel Strips Wheels gets Rs20cr exports orders; stock trades flat

Steel Strips Wheels (SSWL) has bagged repeat firm export orders for 400,000 wheels for Trailer Market. This would be a significant increase of about 30% from the same period of the previous year. The entire volume of 400,000 wheels is to be executed by October 2019 amounting to a total value of close to Rs20cr, the company said in the filing. This marks SSWL’s successful journey from being an entrant to being the market leader in this segment over 4…

0
Read More

Rupee opens at 2-week high, gains 73 paise vs dollar

The Indian rupee gained in the early trade on Monday. It opened higher by 73 paise at 69.49 per dollar on Monday versus previous close 70.22. On Friday, rupee consolidated in a narrow range ahead of the release of exit polls that were released last evening. Today, the rupee is expected to open higher against the dollar as exit polls suggest that the current ruling government could win another term with a thumping majority, said Motilal Oswal. Equities, bonds as well as…

0
Read More

Nifty, Bank Nifty rebounds ahead of exit poll

Markets finally staged a smart come back ahead of the exit polls. Indices witnessed some relief after two weeks of sharp sell-off. Market participants seem to have ignored global cues i.e. US-China tariff war and rising crude oil prices. Sentiment got a fillip after index heavyweight like Bajaj Finance, Bajaj Finserv and Dr Reddy’s Labs announced their quarterly earnings which beat market expectations, while IOC and Bajaj Auto results were in-line with estimates. However, Hindalco’s number turned out to be…

0
Read More

Indigo clarifies on report of disputes between founders

Indigo in its filing to the exchanges clarified on news reports that stated “IndiGo promoters Bhatia, Gangwal differ over airline’s control, performance.” “With regard to the aforesaid news, please note that the Company is not in a position to comment on such news as it relates to the promoters of the company,” the airline said in a press note after markets hours to the exchanges on Thursday. As per reports, among the issues are clauses in the shareholders’ agreement and…

0
Read More

Manappuram Finance Q4 net profit jumps 36%

Manappuram Finance Ltd reported a full year consolidated profit after tax of Rs919.87cr, a sharp increase of 36% over the previous year.  The company’s consolidated net profit for the fourth quarter ended March 31, 2019, stood at Rs255.59cr compared to Rs179.05cr booked in Q4 of the preceding year. The company’s operating income for the year stood at Rs4,116cr, up by 20.33% over the previous year’s figure of Rs3,421cr. Profit before tax (PBT) for the fourth quarter was reported at Rs380cr as…

0
Read More

Gold steadies off 1-month peak on Sino-U.S. trade talk hopes

Gold steadied on Wednesday after retreating from a one-month peak in the previous session as Washington and Beijing decided to further their discussions on trade, soothing investor concerns around a full-blown trade war. FUNDAMENTALS – Spot gold was steady at $1,297.45 per ounce at 0136 GMT. – U.S. gold futures were also steady at $1,298 an ounce. – U.S. President Donald Trump on Tuesday called the trade war with China “a little squabble” and insisted talks between the world’s two…

0
Read More

Karnataka Bank’s Q4FY19 PAT at Rs477.24cr

Karnataka Bank posted an all-time high annual net profit of Rs477.24cr for the FY19, with a growth rate of 46.57%. The previous highest net profit of Rs452.26cr was posted during the year 2016-17. The Non-Performing Assets (NPA) also moderated. The GNPA [Gross Non-Performing Assets] of the Bank declined to 4.41% as of March 31, 2019, from 4.92% as on March 31, 2018. Similarly, the NNPA (Net Non-Performing Assets) also moderated to 2.95% from 2.96% as on March 31, 2018. The…

0
Read More

Nifty plunges by ~4%, Reliance Industries leads the decline

Markets extended losing streak to second consecutive week as Nifty lost 3.7% in the last five days. Trade tensions between the US & China, global growth concerns and mixed quarterly earnings dragged the markets lower. Market participants turn jittery as we get closer to the Elections verdict, which is scheduled on May 23, 2019. Index heavyweight Reliance Industries was the top laggard as the oil major plunged over 11% losing over Rs1 lakh cr in market capitalisation this week. The…

0
Read More

Stock Recommendations for May 13th-May 17th, 2019

Stock Pick Observation Company Escorts Limited The stock is currently trading in a lower top lower bottom chart structure, indicating a negative bias. Tracking the monthly chart, the stock is on a verge of giving a bearish head & shoulder pattern breakdown. Tracking the momentum indicator, it is showing a weak strength on MACD Histogram. On the derivative front, the stock has added short positions since the start of the May F&O series, which further accentuate our bearish stance. Recommendation…

0
Read More

Voltas’ posts Q4FY19 PAT at Rs142cr; Stock down 5%

Voltas, the market leader in air conditioning and engineering services provider from the Tata Group announced its Q4FY19 and FY19 results on May 09, 2019. The company’s consolidated total income for Q4FY19 was at Rs2,120cr vs. Rs2,092cr in the corresponding quarter last year. The consolidated total income for the quarter ended March 31, 2019 was at Rs2,120 crores as compared to Rs2,092 crores in the corresponding quarter last year. Profit before share of profit / (loss) of joint ventures and…

0
Read More