Stocks

National Stock Exchange of India Ltd (NSE), the leading stock exchange in India, today announced the launch of NSE Refiner Standards (NRS) for BIS – Standard Gold. The NSE Refiner Standards for BIS – Standard Gold would enable the acceptance of gold bars produced by the domestic refiners in India, for settlement of the gold...

Nifty started the June month with an upside gap of 150 points and continued its positive momentum towards 10300 mark in the first week. It witnessed a swift profit booking decline of around 800 points in second week of June after a sharp rally of 1500 points in previous 14 sessions. However, bulls took the corrective move as buying...

Kolkata, June 30, 2020: Dollar Industries Limited, leading among the top hosiery and garment manufacturing giants in India, covering entire range of knitted garments, from basic wear to outer wear has announced their audited financial results for the quarter and year ended March 31, 2020. Q4FY20 performance overview compared with Q4FY19 ...

Sharp build-up was seen in forex reserves in Q3 due to lower trade activity and rise in foreign investment flows, providing the RBI enough liquidity ammunition to inject in the system and curb the volatility in the rupee. The reserves have further increased to cover 12 months of imports till Feb’20.  CAD at 14-month low: Amid lower...

National Stock Exchange of India Ltd (NSE) witnessed more than 1.2 crore new investor registrations in the last 5 years, growing at a compounded annual growth rate of 11%. In 2019 alone, the Exchange on-boarded close to 30 lakh clients, up 4.5%, over the previous year. NSE also crossed the milestone of three crore registered investors in January 2020....

National Stock Exchange of India Ltd (NSE), India’s leading stock exchange today announced the launch of Request for Quote Platform for execution and settlement of trades (NSE RFQ Platform) which will allow market participants to transact in debt securities. Shri Ajay Tyagi, Chairman, SEBI launched the NSE RFQ Platform at an event held in Mumbai today. The NSE...

Finance Minister Nirmala Sitharaman announced that the government is looking to sell stake in five public sector undertakings (PSUs). The Cabinet approved the disinvestment of PSUs including BPCL, Shipping Corporation of India, Container Corporation, Tehri Hydro Development Corporation and North Eastern Electric Power Corporation. In this series of articles, we will highlight some unknown facts about these...

EQUITAS HOLDINGS: Business growth healthy; Higher provisions lead to PBT miss (EQUITAS IN, Mkt Cap USD0.4b, CMP INR91, TP INR125, 38% Upside, Buy) –       Reported PAT declined 2% YoY to INR476m (in-line), led by one-time DTA markdown due to change in the corporate tax rate and higher provisions, which increased 47% QoQ. PBT grew 10% YoY to INR829m (MOFSLE:...

Problems persist but proposed equity infusion raise hopes of stability YES’ core earnings as well as provisions in Q2FY20 were in-line with our estimates and reflected the in-line trend observed in business momentum. However, balance sheet deterioration continued with incremental additions to the sub-investment grade book continuing to be high.  The confirmation and reiteration of a US$1.2bn binding...

TATA MOTORS: JLR recovery visible, India bottoming out; upgrading to Buy (TTMT IN, Mkt Cap USD5.6b, CMP INR127, TP INR185, 46% Upside, Upgrade to Buy) –      Consol. revenue declined ~9% YoY to ~INR654.3b (est. of ~INR632.2b) in 2QFY20. EBITDA grew ~8% YoY to ~INR71.6b (est. of ~INR44.9b). Adj. net loss was at ~INR1.9b (est. of ~INR14.8b) v/s ~INR5.6b...