Companies and Markets

Companies & Markets

Bond losses to impact Q3 of public sector banks

Lower treasury gains and losses due to falling bond prices and elevated provisioning on the back of ageing of bad loans and on cases referred to National Company Law Tribunal (NCLT) will continue to weigh on the profitability of public sector banks (PSBs) for the third quarter.

IT stocks in focus

Investors turned little nervous ahead of earnings season with the market ending on a flat note. The S&P BSE Sensex fell 10.12 points or 0.03% to close at 34,433.07, while the Nifty 50 index shed 4.80 points or 0.05% to settle at 10,632.20. In fact, the Sensex had hit a record high in early trade. 

Initial offers to flood market in Q1 of 2018

The New Year has started on a good note for the primary market, with Newgen Software Technologies announcing an initial offer to raise Rs 425 crore and Amber Enterprises Rs 600 crore, both opening next week.

Software makers’ Q3 profit to shrink on muted demand

India’s top five software exporters’ net profit may fall in the fiscal third-quarter on disruptive trends, increasing competitive intensity and pricing pressure along with muted demand and likely lower other income.

Tata Consultancy Services (TCS), Infosys and three other top software exporters’ net profits are likely to fall by 3 per cent in the October-December quarter, the median estimates of a Tickernews poll of key brokerages showed.

Software makers are expected to report one of the weakest sets of results in the quarter.

SBI in image makeover mode; don’t belch, tells staff

The country’s largest bank, the State Bank of India (SBI), wants an image makeover. The lender in a three-page communication to its over two lakh employees has prescribed a dress code along with grooming guidelines and etiquette tips.

Select sectors trade in record premiums as mkt hits new highs

With the market scaling new heights, several sectors are trading at a huge premium to their historical average price to earnings (P/E) multiple. Investors, naturally, expect a sharp turnaround in corporate earnings over the next few quarters. Sectors like auto, PSU banks, capital goods, consumer, infrastructure and retail are trading at 20 to 35 per cent premium to their historical P/E and price to book P/B multiple.

Nifty shows early signs of exhaustion

The key indices ended with modest gains in range-bound trading on Tuesday. The Sensex rose 90.40 points, or 0.26 per cent, to settle at 34,443.19, while the Nifty 50 rose 13.40 points, or 0.13 per cent, to 10,637. Both indices hit record high in intraday as well as on closing basis. Continuous foreign fund inflows and bets by investors amid optimism over Q3 FY 2018 earnings and upcoming budget helped the key indices to hit record highs.

Brighter earnings season seen for most sectors

FC Bureau Mumbai The earnings expectations for the October-December quarter across the sectors are looking up, barring a few sectors like Information Technology, Telecom, Public Sector Banks, Cement and Pharmaceuticals.

Brighter earnings season seen for most sectors

FC Bureau Mumbai The earnings expectations for the October-December quarter across the sectors are looking up, barring a few sectors like Information Technology, Telecom, Public Sector Banks, Cement and Pharmaceuticals.

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