Jul-20-2018   15:19 Hrs IST
Ceat zooms on reporting many folds jump in Q1 consolidated net profit
+

Ceat is currently trading at Rs. 1355.40, up by 94.75 points or 7.52% from its previous closing of Rs. 1260.65 on the BSE.

The scrip opened at Rs. 1274.70 and has touched a high and low of Rs. 1380.60 and Rs. 1258.00 respectively. So far 259175 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2030.00 on 27-Dec-2017 and a 52 week low of Rs. 1228.65 on 18-Jul-2018.

Last one week high and low of the scrip stood at Rs. 1380.60 and Rs. 1228.65 respectively. The current market cap of the company is Rs. 5521.44 crore.

The promoters holding in the company stood at 50.76%, while Institutions and Non-Institutions held 31.93% and 17.30% respectively.

The company has reported over 4 fold rise in its net profit at Rs 77.87 crore for first quarter ended June 30, 2018 as compared to Rs 19.14 crore for the same quarter in the previous year. Total income of the company marginally increased by 1.72% at Rs 1,679.75 crore for Q1FY19 as compared Rs 1,651.40 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 44 fold jump in its net profit at Rs 72.03 crore for the quarter under review as compared to Rs 1.62 crore for the same quarter in the previous year. Total consolidated income of the company increased by 4.34% at Rs 1,710 crore for Q1FY19 as compared Rs 1,638.95 crore for the corresponding quarter previous year.

Jul-20-2018   15:05 Hrs IST
Bajaj Finance shines on reporting 81% rise in Q1 consolidated net profit
+

Bajaj Finance is currently trading at Rs. 2709.00, up by 191.40 points or 7.60% from its previous closing of Rs. 2517.60 on the BSE.

The scrip opened at Rs. 2520.00 and has touched a high and low of Rs. 2744.95 and Rs. 2488.65 respectively. So far 403384 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2744.95 on 20-Jul-2018 and a 52 week low of Rs. 1514.40 on 06-Feb-2018.

Last one week high and low of the scrip stood at Rs. 2744.95 and Rs. 2360.00 respectively. The current market cap of the company is Rs. 156773.93 crore.

The promoters holding in the company stood at 55.14%, while Institutions and Non-Institutions held 28.85% and 16.02% respectively.

The company has reported a rise of 82.68% in its net profit at Rs 833.73 crore for first quarter ended June 30, 2018 as compared to Rs 456.40 crore for the same quarter in the previous year. Total income of the company increased by 34.27% at Rs 3,796.19 crore for Q1FY19 as compared Rs 2,827.37 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 81.36% in its net profit at Rs 835.89 crore for the quarter under review as compared to Rs 460.91 crore for the same quarter in the previous year. Total consolidated income of the company increased by 39.08% at Rs 3,941.30 crore for Q1FY19 as compared Rs 2,833.87 crore for the corresponding quarter previous year.

Jul-20-2018   14:47 Hrs IST
Bajaj Finserv rallies on reporting 41% rise in Q1 consolidated net profit
+

Bajaj Finserv is currently trading at Rs. 6742.00, up by 435.10 points or 6.90% from its previous closing of Rs. 6306.90 on the BSE.

The scrip opened at Rs. 6315.00 and has touched a high and low of Rs. 6776.35 and Rs. 6206.60 respectively. So far 67903 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 6,776.35 on 20-Jul-2018 and a 52 week low of Rs. 4444.00 on 06-Feb-2018.

Last one week high and low of the scrip stood at Rs. 6,776.35 and Rs. 6132.85 respectively. The current market cap of the company is Rs. 106222.68 crore.

The promoters holding in the company stood at 58.35%, while Institutions and Non-Institutions held 14.76% and 26.89% respectively.

Bajaj Finserv has reported a rise of 53.40% in its net profit at Rs 6.09 crore for the quarter June 30, 2018 as compared to Rs 3.97 crore for the same quarter in the previous year. Total income of the company increased by 14.34% at Rs 34.76 crore for Q1FY19 as compared Rs 30.40 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 41.27% in its net profit at Rs 825.77 crore for the quarter under review as compared to Rs 584.53 crore for the same quarter in the previous year. Total consolidated income of the company increased by 16.40% at Rs 8,771.06 crore for Q1FY19 as compared Rs 7,535.56 crore for the corresponding quarter previous year.

Jul-20-2018   14:28 Hrs IST
PNC Infratech rises on receiving LoI worth Rs 2520 crore
+

PNC Infratech is currently trading at Rs. 149.05, up by 2.20 points or 1.50% from its previous closing of Rs. 146.85 on the BSE.

The scrip opened at Rs. 146.85 and has touched a high and low of Rs. 151.90 and Rs. 146.05 respectively. So far 2828 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 228.40 on 26-Dec-2017 and a 52 week low of Rs. 130.00 on 12-Sep-2017.

Last one week high and low of the scrip stood at Rs. 158.85 and Rs. 146.00 respectively. The current market cap of the company is Rs. 3835.26 crore.

The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 28.00% and 15.93% respectively.

PNC Infratech has received Letters of Intent (LoI) from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) on July 19, 2018 for the two contiguous EPC packages of Lucknow - Ghazipur Six Lane Access Controlled Purvanchal Expressway Project in the state of Uttar Pradesh for an aggregate contract value of Rs 2520 crore.

The price bids for the above packages were opened on July 9, 2018, with the company's bids being the lowest (L1). Construction of each package is to be completed in 36 months.

PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.


Jul-20-2018   14:06 Hrs IST
Lupin gains on receiving tentative approval from USFDA for generic Tadalafil Tablets
+

Lupin is currently trading at Rs. 801.00, up by 5.75 points or 0.72% from its previous closing of Rs. 795.25 on the BSE.

The scrip opened at Rs. 800.00 and has touched a high and low of Rs. 802.60 and Rs. 792.60 respectively. So far 102253 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1175.00 on 20-Jul-2017 and a 52 week low of Rs. 723.55 on 15-May-2018.

Last one week high and low of the scrip stood at Rs. 869.95 and Rs. 788.90 respectively. The current market cap of the company is Rs. 36075.05 crore.

The promoters holding in the company stood at 47.01%, while Institutions and Non-Institutions held 37.89% and 15.10% respectively.

Lupin has received tentative approval for its Tadalafil Tablets USP, 2.5 mg, 5 mg, 10 mg, and 20 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Eli Lilly and company's Cialis Tablets, 2.5 mg, 5 mg, 10 mg, and 20 mg.

It is indicated for the treatment of erectile dysfunction, the signs and symptoms of benign prostatic hyperplasia and erectile dysfunction and the signs and symptoms of benign prostatic hyperplasia. Tadalafil Tablets USP, 2.5 mg, 5 mg, 10 mg, and 20 mg had annual sales of approximately $1949.2 million in the US (IQVIA MAT April 2018).

Lupin is an innovation led transnational pharmaceutical company developing and delivering a wide range of branded & generic formulations, biotechnology products and APIs globally.

Jul-20-2018   12:54 Hrs IST
ABB slips despite reporting 36% rise in Q2 net profit
+

ABB India is currently trading at Rs. 1139.05, down by 19.20 points or 1.66% from its previous closing of Rs. 1158.25 on the BSE.

The scrip opened at Rs. 1171.25 and has touched a high and low of Rs. 1179.00 and Rs. 1131.35 respectively. So far 7270 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1744.40 on 02-Feb-2018 and a 52 week low of Rs. 1123.00 on 28-Jun-2018.

Last one week high and low of the scrip stood at Rs. 1236.50 and Rs. 1,131.35 respectively. The current market cap of the company is Rs. 24002.86 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.59% and 8.41% respectively.

ABB India has reported 36.09% rise in its net profit at Rs 102.15 crore for the quarter ended June 30, 2018 as compared to Rs 75.06 crore for the same quarter in the previous year. Total income of the company increased by 13.84% at Rs 2,736.28 crore for Q2FY19 as compared Rs 2,403.71 crore for the corresponding quarter previous year.

ABB India is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally.


Jul-20-2018   12:47 Hrs IST
L&T moves up with arm bagging orders worth Rs 11,600 crore
+

Larsen & Toubro (L&T) is currently trading at Rs. 1285.30, up by 29.75 points or 2.37 % from its previous closing of Rs. 1255.55 on the BSE.

The scrip opened at Rs. 1258.85 and has touched a high and low of Rs. 1289.00 and Rs. 1255.00 respectively. So far 93780 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1469.60 on 01-Feb-2018 and a 52 week low of Rs. 1114.55 on 22-Aug-2017.

Last one week high and low of the scrip stood at Rs. 1,307.00 and Rs. 1,252.20 respectively. The current market cap of the company is Rs. 180023.88 crore.

The Institutions holding in the company stood at 57.79%, while Institutions held 42.21%.

L&T's Heavy Engineering arm has won orders worth Rs 11,600 crore to supply critical Reactors and heavy equipment to Refining, Petrochemical and Liquified Natural Gas (LNG) industries. These prestigious orders were received in the current financial year.

The orders, which were won against stiff global competition, include Hydrocracking Reactors, Fluid Catalytic Cracking (FCC) Reactor & Regenerator Systems and Ethylene Oxide Reactors.

Of the order inflow, orders worth Rs 11,470 crore are from International clients from USA, Europe, Middle East, CIS and China. These orders will be executed at Hazira, Gujarat at L&T’s fully integrated, state-of-the-art, coastal manufacturing facility, one of the largest of its kind in the World.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.


Jul-20-2018   12:36 Hrs IST
Ashok Leyland advances on bagging order worth $9.57 million
+

Ashok Leyland is currently trading at Rs. 109.30, up by 3.40 points or 3.21% from its previous closing of Rs. 105.90 on the BSE.

The scrip opened at Rs. 106.25 and has touched a high and low of Rs. 110.05 and Rs. 106.00 respectively. So far 2798889 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 167.50 on 08-May-2018 and a 52 week low of Rs. 98.80 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 133.70 and Rs. 105.20 respectively. The current market cap of the company is Rs. 32198.35 crore.

The promoters holding in the company stood at 51.27%, while Institutions and Non-Institutions held 34.41% and 14.32% respectively.

Ashok Leyland has bagged order worth $9.57 million in Francophone Africa. This is company’s third project order for supply of 147 Buses comprising of 80 units Falcon, 57units Eagle 916 and 10 units MiTR bus Models. The Buses will be supplied to the Ministry of Higher Education Scientific Research and Innovation.

The Buses will be supplied over the next 180 days and includes delivery of vehicles, spare parts, and an effective after sales support system in Burkina Faso.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

Jul-20-2018   12:10 Hrs IST
Muthoot Capital Services gains on the buzz of entering into used car financing
+

Muthoot Capital Services is currently trading at Rs. 1031.00, up by 13.90 points or 1.37% from its previous closing of Rs. 1017.10 on the BSE.

The scrip opened at Rs. 1023.65 and has touched a high and low of Rs. 1039.80 and Rs. 1023.65 respectively. So far 227 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1124.00 on 15-Jun-2018 and a 52 week low of Rs. 468.00 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 1081.30 and Rs. 934.00 respectively. The current market cap of the company is Rs. 1699.77 crore.

The promoters holding in the company stood at 62.51%, while Institutions and Non-Institutions held 15.55% and 21.94% respectively.

Muthoot Capital Services has reportedly entered into used car financing, in a slow progression from its core business of two-wheeler credit. The company disbursed over 12 lakh loans for two-wheelers in last 10 years.

Muthoot Capital Services is a deposit taking non-banking financial company (NBFC). The company is engaged in financing for purchase of automobiles, including two wheelers, against hypothecation of the respective vehicles, and granting of personal/business loans against demand promissory notes.

Jul-20-2018   11:59 Hrs IST
Sterlite Technologies shines on reporting 99% rise in Q1 consolidated net profit
+

Sterlite Technologies is currently trading at Rs. 328.35, up by 27.20 points or 9.03% from its previous closing of Rs. 301.15 on the BSE.

The scrip opened at Rs. 302.15 and has touched a high and low of Rs. 332.00 and Rs. 302.00 respectively. So far 696795 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 414.50 on 24-Jan-2018 and a 52 week low of Rs. 174.40 on 20-Jul-2017.

Last one week high and low of the scrip stood at Rs. 332.00 and Rs. 286.35 respectively. The current market cap of the company is Rs. 13198.72 crore.

The promoters holding in the company stood at 53.96%, while Institutions and Non-Institutions held 18.59% and 27.45% respectively.

Sterlite Technologies has reported over 2 fold rise in its net profit at Rs 104.49 crore for the quarter June 30, 2018, as compared to Rs 40.17 crore for the same quarter in the previous year. Total income of the company increased by 22.48% at Rs 833.44 crore for Q1FY19 as compared Rs 680.47 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 99.22% in its net profit at Rs 120.71 crore for the quarter under review as compared to Rs 60.59 crore for the same quarter in the previous year. Total consolidated income of the company increased by 17.70% at Rs 884.14 crore for Q1FY19 as compared Rs 751.19 crore for the corresponding quarter previous year.

~*42