NIFTY FUTURE ABOVE 12000 is all set to break all time high and market may continue its bullish trend for the remaining week, strategy to be followed is buying on dips. There are various opportunities in the market which offered intraday and swing traders to earn big money, which can be seen in steel sector, auto sector, reality sector and PSU banks. Stocks to be watch on Thursday and Friday are DR Reddy, Jubl Food, SBI, Tata Steel, Sun Pharma, Rec ltd, Colpal
RESULTS ON 7/11/19
ADANI TRANS, BPCL, DLF, HPCL, POWER GRID, SUN PHARMA, WHIRLPOOL
Even God can’t change Infosys’ numbers, says Chairman Nandan Nilekani
Infosys Chairman Nandan Nilekani said that even God can’t change the earnings of the company. Addressing analysts in a conference call, Nilekani said he felt “insulted with the (whistleblowers) accusations.” But said he does not want to bias the investigation. Sun Pharma inks licensing pact with
AstraZeneca to introduce products in China
This comes after AstraZeneca said it was launching a new fund with China International Capital Corp to invest $1 billion in China’s healthcare sector, as it expands its research work in the country.
Titan Q2 profit inches up 2% YoY to Rs 320 crore, misses Street estimates
Titan reported a 1.83 per cent year-on-year rise in standalone profit at Rs 320.16 crore for the September quarter. The company had posted Rs 314.38 crore profit in the year-ago period.
Analysts had projected a net of Rs 358 crore.
The Jewellery business had a subdued quarter on the back of high gold prices, the Tata group firm said. The segment reported revenue of Rs 3,528 crore against Rs 3,582 crore.
Watches business recorded revenue of Rs 719 crore, up 6.4 per cent over Rs 676 crore in the year-ago period.
Other segments comprising accessories, fragrances and Indian dress wear grew by 33.2 per cent, recording revenue of Rs 44 crore. The previous year revenue for this segment was Rs 33 crore.
Dabur India Q2 net profit climbs 7% to Rs 403 crore, revenue up 4%
Dabur India has reported a 7 per cent year-on-year growth in consolidated net profit at Rs 403 crore for the second quarter ended September 30, 2019, “despite the impact of one-time impairment in value of investments worth Rs 40 crore”. Excluding this impairment, the net profit for the quarter grew 15.1 per cent on yearly basis.
Consolidated revenue from operations of the owner of Vatika hair oil and Real juices stood at Rs 2,211.97 crore as against Rs 2,124.97 crore in the year-ago period, a growth of 4.09 per cent.
The company’s operating profit (EBITDA) rose by 8.6 per cent y-o-y to Rs 489.5 crore as compared to Rs 450.9 crore last year. The operating margin stood at 22.1 per cent in Q2FY20.