My Stocks

My Stocks

HUL surprises street with a 9% rise in profit

The FMCG major Hindustan Unilever on Monday reported a 9 per cent rise in its net profit at Rs 1,283 crore for the April-June period, even as some of its business verticals saw a slow growth due to 'destocking' in view of the GST implementation from July 1.

Analysts on average had expected the company to post a profit of Rs 1,174 crore, according to Thomson Reuters data.

ITC share tanks up to 13% on cess hike

 

 The GST cess hike on cigarette companies led to a steep fall in index heavy weight ITC by 12.63 per cent. In turn, it triggered a 1 per cent fall in benchmark indices Sensex and Nifty-50. With another index heavy weight, Reliance Industries, also down by 2.03 per cent, Sensex shed 363 points or 1.13 per cent closing at 31,710.99, while Nifty-50 closed 90 points lower at 9,827.15, snapping six days of gains.

HDFC Life gets board approval for IPO

The board of HDFC Life on Monday approved plans to come up with an initial public offer (IPO). The private life insurer also put on hold its proposed merger with Max Life in the absence of regulatory approval

HNIs’ appetite for IPOs grows as most give handsome returns

Initial public offers are once again drawing the interest of high networth individuals (HNIs). At a time when the secondary market is very expensive and big returns are unlikely in short-term, HNIs are betting big on initial public offers (IPO). Moreover, real estate and gold are not looking attractive enough either.

Markets pause record run on profit-booking, muted earnings

Markets took a breather after four back to back record-setting sessions as the benchmark Sensex today hit an all-time high of 32,110 but ended with a paltry loss.
But on a weekly basis, both key indices Sensex and Nifty rose significantly by 660.12 points, or 2.10 per cent, and 220.55 points, or 2.28 per cent, respectively, largely driven by the successful rollout of the Goods and Services Tax (GST) and inflation staying subdued, offering the RBI headroom for a lower policy rate at its policy next month.

Nifty hits 9,900 mark, Sensex at new high post Infy results

The benchmark Nifty today raced past the 9,900 milestone for the first time and the Sensex climbed yet another peak 32,110 as Infosys maintained its 2017-18 revenue growth guidance.
IT, healthcare, consumer durables, oil and gas stocks were among the big gainers. Asian cues remained mixed though.
The 50-issue Nifty crossed the 9,900 level for the first time by gaining 21.60 points, or 0.21 per cent, to trade at an all-time high of 9,913.30, within striking distance of 10,000. It surpassed its previous intra-day high of 9,897.25 touched yesterday.

NCLT notice to Bhushan Steel as insolvency process begins

The National Company Law Tribunal (NCLT) on Thursday issued notices to Bhushan Steel and Bhushan Steel and Power over insolvency proceedings initiated by their lenders State Bank of India and Punjab National Bank. The principal bench of the NCLT headed by its president justice MM Kumar has directed Bhushan Steel and Bhushan Steel and Power to file their reply. The tribunal has posted the matter for the next hearing on July 19.

DIIs are stars in this bull market

The benchmark BSE Sensex breached the psychological mark of 32,000-level for the first time on Thursday, much to the joy of investors. Contrary to the popular belief that foreign investors have propelled the index to dazzling heights, it is the domestic institutional investors (DIIs), who have played the anchor role in Sensex zooming past this all-time high level.

Pages