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Showing posts from July, 2019

कर्नाटक में नेत्रवती नदी के किनारे मिला सीसीडी (CCD) के संस्थापक का शव

मशहूर कॉफी चेन कैफे कॉफी डे (Cafe Coffee Day) या सीसीडी के संस्थापक वीजी सिद्धार्थ (VG Siddhartha) का शव मैंगलोर, कर्नाटक में नेत्रवती नदी के किनारे पर मिल गया है। सिद्धार्थ दो दिन से लापता थे। सिद्धार्थ को आखिरी बार 29 जुलाई की शाम 6 बजे देखा गया, तब वे अपनी कार से उतरे थे। उन्होंने अपने ड्राइवर से कहा था कि वे पुल पर टहलने के लिए जा रहे हैं। मगर जब सिद्धार्थ एक घंटे से अधिक समय तक वापस नहीं आये तो ड्राइवर ने परिवार से संपर्क किया। इसके बाद पुलिस उनकी खोज में जुट गयी थी। दरअसल सिद्धार्थ द्वारा कथित तौर पर लिखी गयी एक चिट्ठी सामने आयी थी, जिसमें उन्होंने एक प्राइवेट इक्विटी निवेशक और आयकर विभाग पर उत्पीड़न का आरोप लगाया था। हालाँकि आयकर विभाग ने चिट्ठी में सिद्धार्थ के दस्तखत पर सवाल उठाये हैं। आयकर विभाग के अनुसार रिकॉर्ड में जो दस्तखत हैं वो चिट्ठी से मेल नहीं खाते। वीजी सिद्धार्थ कैफे कॉफी डे के संस्थापक हैं, जिसकी मूल कंपनी कॉफी डे एंटरप्राइजेज (Coffee Day Enterprises) है। सिद्धार्थ कर्नाटक के पूर्व मुख्‍यमुंत्री एसएम कृष्‍णा के दामाद भी हैं। वीजी सिद्धार्थ ने आईटी कंपन

शेयरों पर नजर (Stocks to Watch) : हीरो मोटोकॉर्प, ऐक्सिस बैंक, टेक महिंद्रा, पीएनबी हाउसिंग और आयशर मोटर्स

खबरों के कारण जो शेयर आज नजर में रहेंगे उनमें हीरो मोटोकॉर्प, ऐक्सिस बैंक, टेक महिंद्रा, पीएनबी हाउसिंग और आयशर मोटर्स शामिल हैं। आज तिमाही नतीजे - आयशर मोटर्स, इंडियन ऑयल, यूपीएल, अशोक लीलैंड, अपोलो टायर्स, एनआर अग्रवाल इंडस्ट्रीज, स्टार सीमेंट, सिम्फनी, जी मीडिया, इलाहाबाद बैंक, फ्यूचर सप्लाई, ट्रेंट, एमएएस फाइनेंशियल, तमिलनाडु पेट्रो प्रोडक्ट्स, बीएफ इनवेस्टमेंट, इंडियन एनर्जी एक्सचेंज, अजंता फार्मा, वर्धमान स्पेशल स्टील्स, इंडियाबुल्स वेंचर्स, कार्बोरंडम यूनिवर्सल, कंटेनर कॉर्पोरेशन, जीनस पेपर, हेरिटेज फूड्स, ब्लू डार्ट एक्सप्रेस, मोतीलाल ओसवाल फाइनेंशियल, महिंद्रा हॉलिडेज, सांवरिया कंज्यूमर, एचसीएल इन्फोसिस्टम, इंडियामार्ट इंटरमेश, सीक्वेंट साइंटिफिक, बीएफ यूटिलिटीज, फ्यूचर रिटेल, पेट्रोनेट एलएनजी, केयर रेटिंग्स, जायडस वेलनेस, टाटा ग्लोबल, और जागरण प्रकाशन हीरो मोटोकॉर्प - कंपनी का तिमाही मुनाफा 38.3% की बढ़ोतरी के साथ 1,256.7 करोड़ रुपये रहा। ऐक्सिस बैंक - मुनाफा 701 करोड़ रुपये से 95% बढ़ कर 1,370 करोड़ रुपये रहा। टेक महिंद्रा - तिमाही दर तिमाही आधार पर कंपनी का अप्र
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Breaking all past records, a kilogram of specialty tea at the Guwahati Tea Auction Centre (GTAC) in Assam fetched Rs 50,000 on Tuesday. "A line of Manohari Gold Tea was knocked down under the Pan India Auction system at Rs 50,000. This is the highest price any tea has fetched in any auction center all over the world," a senior GTAC official told IANS. The GTAC official said that the auctions have been witnessing record prices, particularly for specialty tea over the last few years and added that there is also a growing demand for specialty tea from the buyers.  "The prices fetched during the auction speaks about the quality and also tells that price cannot be a hindrance for quality tea," the official said. "The GTAC has been a platform for selling the tea. Records are being made for last few years in the GTAC during tea auctions, particularly by the specialty teas. This is good as it will encourage other quality tea producers to make go

Gold subdued as investors focus on Fed verdict

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Gold prices inched down on Wednesday as the dollar held firm, while investors waited on the outcome of the Federal Reserve's meeting later in the day when policymakers are expected to cut interest rates. Spot gold was down 0.2% at $1,427.92 per ounce as of 0417 GMT. U.S. gold futures edged 0.1% lower to $1,440.50 an ounce. "Most of the people are staying on the sidelines due to the Fed meeting. If the Fed does reduce rates, gold may come down a little as a 25 basis point cut is already priced-in," said Brian Lan, managing director at dealer GoldSilver Central in Singapore. "We are also looking at whether there will be further rate cuts. Over the longer term, we are still bullish on gold but in the short-term, we might see a bit of correction before it continues to move higher." Lan added. Fed funds rate futures are now fully pricing in a 25 basis point rate cut on Wednesday and another 25 basis point reduction by September. Marke

Provided info to relevant authorities: Indigo`s Rakesh Gangwal

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IndiGo's co-founder and Director Rakesh Gangwal on Tuesday said that he has provided "information to the relevant authorities" regarding governance issues at the airline. In a statement, Gangwal rebutted a report that cited sources as claiming that the regulator has sought information regarding his allegations over the governance issues. "... please note that I have provided this information to the relevant authorities. I wish people had the conviction to be quoted and not hide behind the veil of so-called unnamed 'sources'...," he was quoted as saying in the statement. The development comes after a media report quoting sources said that there is not a shred of evidence to substantiate allegations on related-party transactions between the airline and Rahul Bhatia-controlled IGE because there are no whistleblowers as claimed by Gangwal. The report added that regulators had been seeking similar information for the past 10 days and

Essar Port Hazira Terminal sees 22% third-party cargo growth in Q1

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Essar Bulk Terminal Ltd (EBTL), that operates the 50 million tonnes per annum (MTPA) bulk terminal in Hazira, Gujarat, on Tuesday announced a 22 percent growth in its third-party business during the first quarter ended June, on a year-on-year basis. The company achieved an overall cargo throughput of 7 million tonnes (MT) in the first quarter of the financial year 2019-20, of which 1.1 MT was third-party cargo, the company said in a statement, adding that the share of third-party cargo in overall cargo volumes also rose to 15.7 percent. The statement also said that the overall cargo growth was up 2.9 percent. "There is a significant upswing in the region's economic activity and the Hazira terminal is well placed to capitalize on the opportunity. The focus on operational efficiencies and increase in third-party cargo will be major catalysts in fuelling future growth," it said. Essar Ports' current operations span four terminals with a combined c

Tech Mahindra goes from bad to worse in the June quarter

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Tech Mahindra Ltd’s shares had underperformed the market after its revenue growth fell sharply in the March quarter.  Profit margins narrowed at a higher-than-expected pace as well, raising concerns about its earnings. The June quarter results, released after market hours on Tuesday, provide no major reason to alter the stock’s trajectory. Dollar revenues grew just 1.9% year-on-year; and fell 1.6% compared to the March quarter. “In the current quarter, the company faces seasonality, however, even after factoring the seasonality, Tech Mahindra’s revenues were below our expectation," ICICI Direct Research said in a note. Worse still, the fall in profitability was far higher than Street expectations. Ebit (earnings before interest and tax) margins contracted 1.5 percentage points from a year ago. As a consequence, operating earnings (Ebit) in dollar terms dropped 9% from a year ago. Sequentially, they are down as much as 26%. “Margins are way below estimat

Air India Express` 2018-19 net profit at Rs 169 cr

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Air India's low-cost international subsidiary -- Air India Express -- on Tuesday reported a net profit of Rs 169 crore for fiscal 2018-19. "The net profit earned in the last fiscal is particularly significant as the aviation sector has had to face many challenges, including high input costs," Air India Express Chief Executive K. Shyam Sundar was quoted as saying in a statement. Unit cost on fuel incurred by the airline increased by around 35 percent during this period. Fuel comprises more than 40 percent of the carrier's operating cost. Airline revenues during the fiscal under review grew by 16.07 percent to Rs 4,202 crore, from Rs 3,620 crore in fiscal 2017-18. Air India Express operates flights to 13 international and 20 Indian destinations with a fleet of 25 Boeing 737-800 NG aircraft. Best Share Market News, Click Here To Get More News -  Stock Market tips , for 2 Days Free Trial give a missed call @9644405057 and Get Share Mark

DoT exploring BSNL-MTNL merger for their survival

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The pressure of huge losses and competition has forced consolidation in the PSU telecom space as Department of Telecom is currently working on a proposal for merger of its two ailing PSUs - BSNL and MTNL - to revive the state-owned telecom firms. The BSNL-MTNL merger is "one of the many components" of the overall revival plan being worked out for the two corporations, a source said on Tuesday, adding that a final call on the matter will be taken by the Union Cabinet. The plan includes the MTNL being merged with the BSNL.  The MTNL provides telephony services in Delhi and Mumbai, while BSNL is present in the rest of the circles.  The move assumes significance as both have been making losses and have faced challenges in clearing staff salaries in the recent past.  The Department of Telecom is preparing a survival plan for the MTNL and the BSNL in the form of a revival package that entails components like voluntary retirement scheme, asset monetizatio

Cafe Coffee Day operator shares plunges 20% after founder VG Siddhartha's death

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There were pending sell orders of 2,494,013 shares, with no buyers available. Shares of Coffee Day Enterprisesshed another 20 percent to hit 52-week low in the early trade on July 31 after Cafe Coffee Day founder VG Siddhartha body was found near the Netravathi river in Mangaluru. There were pending sell orders of 2,494,013 shares, with no buyers available. The share was locked at 20 percent lower circuit on July 30 after Siddhartha went missing on July 29. Siddhartha was last seen at 6 pm on July 29 when he got off his car. The driver had contacted the family when Siddhartha didn’t return for an over an hour. Also Read: Missing Cafe Coffee Day founder VG Siddhartha dead, body found Siddhartha had written a letter to the board and employees of Coffee Day Enterprises, saying he had "failed as an entrepreneur,". "I fought for a long time but today I gave up," Siddhartha said in the letter dated July 27. At 0922 hours, Coffee Day Ent

Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for short term

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Sudarshan Sukhani of s2analytics.com recommends buying Mindtree with stop loss of Rs 702 and target of Rs 725 and Pidilite Industries with stop loss at Rs 1215 and target of Rs 1255. The market extended selling pressure for the second consecutive session and closed at a five-month low on July 30, dragged by banks, auto, metals and pharma stocks. The BSE Sensex was down 289.13 points at 37,397.24 while the Nifty50 fell 103.80 points to close below the 200-day moving average, at 11,085.40 and formed a large bearish candle on daily charts. Selling pressure in broader markets was quite high compared to benchmark indices, especially after sharp correction in Coffee Day Enterprises and Sical Logistics stocks as owner VG Siddhartha was reported missing on July 29. The Nifty Midcap index lost nearly 2 percent and Smallcap index was down 2.6 percent. According to the pivot charts, the key support level is placed at 11,016.23, followed by 10,947.07. If the index star

Podcast | Stock picks of the day: Voltas, Hindalco, Tata Chemicals among top ideas to go short

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Bears are likely to keep control over the markets and the current trend is likely to remain under pressure with Nifty moving towards 11,000-10,900 levels. Indian markets again started this week on a negative note with the Nifty slipping to a three-month low on the back of weak corporate earnings and continuous selling by foreign portfolio investors (FPIs). The sharp sell-off was witnessed in Auto, Metal, Banking and Financial stocks which dragged the Nifty below the 11,100 mark. As per the derivative data, call writers are now actively adding open interest (OI) in 11,300 strikes which should act as a major hurdle for the Nifty in the August series. On the technical front as well, the Nifty is constantly trading well below its long-term moving averages with continuous short build up into the prices. In the coming sessions, we believe that bears are likely to keep control over the markets and the current trend is likely to remain under pressure with the Nifty

Trouble in Motown! Auto sector which is 49% of manufacturing GDP looks for rescue

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It is time the policymakers from Niti Aayog, Transport and Finance Ministries heed our prime minister's clarion call of “Sabka Saath, Sabka Vikas & Sabka Vishwas”. A bruised and battered automobile industry was left gobsmacked when none other than Dr. Krishnamurthy Subramanian dismissed the worst-in-two-decades crisis it is reeling under. India’s chief economic advisor perfunctorily remarked on July 12 in Hyderabad that it was “just one part of the economy”. The overall manufacturing sector “is doing well”, and “there is steel and others which are doing well”, he said. The alarming crisis in the auto industry was downplayed by contrasting it with a “buoyant” domestic steel industry which, too, is suffering from increased imports in reality in the wake of worsening global trade war between the US and China. Moreover, it is pleading for protection through increased safeguard duties. The auto industry contributes 7.5 percent of India’s GDP and a whopping 49

Avenue Supermarts on the verge of a breakout, may rally 13% in 3-4 weeks

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A move beyond 11300 can extend the short-covering rally taking it higher to levels of 11350-11370. A sustained trade above this DMA support may trigger short covering. Nifty50 continues to be in the clutches of the bears forming lower lows for eight consecutive trading days after failing to cross its previous session high. The Nifty is approaching its 200-DMA placed at 11,133. A breakdown from this support can extend the corrective move towards levels of 11,100. However, a sustained trade above this DMA support may trigger short-covering, taking it to the levels of 11,300. A move beyond 11,300 can extend the short-covering rally taking it higher to levels of 11,350-11,370. Moreover, RSI is sitting at extreme oversold zone suggesting a possible short-covering rally in the coming sessions. Here is a list of top three stocks which could give 6-13 percent return in the next 3-4 weeks: HCL Technologies Ltd: Buy | LTP: Rs 1,015 | Target: Rs 1,070-1,120 | S

Axis Bank may see 2-fold increase in Q1 profit, double-digit growth in loan book

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According to Narnolia Securities, the loan book is expected to grow by 17 percent YoY with healthy all-round growth across the segment. Axis Bank, India's fourth-largest private sector lender by market capitalisation, is expected to report healthy numbers for June quarter (Q1) on July 30. The earnings result will be closely watched by the Dalal Street especially after its closest peer ICICI Bank reported better-than-expected earnings on all fronts. Most brokerages expect more than two-fold increase in its Q1FY20 profit on lower provisioning and stable operational income YoY. They also expect double-digit growth in NII and the loan book, compared to year-ago, with stable asset quality. "Traction in advances is seen improving 15 percent YoY led by a focus on high yielding retail and MSME loans. A decline in G-Sec yield is expected to aid trading income leading to a positive impact on PAT. PAT is seen at Rs 1,725 crore on the back of a stable operational per

At 6.75, Vodafone Idea shares show the firm is hanging by a thread

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Mumbai: Shares of Vodafone Idea Ltd slumped 27% on Monday and now trade at merely 6.75 apiece.  When Vodafone India Ltd and Idea Cellular Ltd had announced their merger in March 2017, they had envisaged a far greater value for the stock. At that time, the merger pact included a clause that gave Idea Cellular’s promoter the right to purchase shares in the merged entity from Vodafone Group Plc at 130 per share. The enormous value erosion points to something analysts and industry experts have been saying for a while—“Vodafone Idea is hanging by a thread". But the chorus appears to have increased lately, with the company’s financial position deteriorating rapidly. Vodafone Idea’s June quarter earnings show that based on its current cash burn rate, the company’s funds may suffice for only about four-five quarters. “The business can be funded till June-July 2020, assuming no debt refinancing and no tariff hike," analysts at JM Financial Institutional Securities

Dr Reddy`s generic drugs business keeps up the pace, but earnings lag

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Dr Reddy’s Laboratories Ltd’s June quarter results, released after the market hours, lagged the Street’s estimates. Revenue grew 3% year-on-year in the June quarter. Operating earnings and net profit jumped 41-45% from a year ago. But, excluding the 346 crores non-recurring revenue the company’s received from a settlement, operating earnings and net profit will be lower from the year-ago levels. This is a significant variation to the double-digit earnings growth the Street was projecting. On the positive side, Dr Reddy’s India business did well along expected lines. Domestic revenue grew 15% from a year ago. New product launches and growth in existing business helped the company. Europe also did well, clocking 19% revenue growth. Comparatively, the 3% revenue expansion in North America was muted. But, as analysts say, the 9% sequential growth in revenue was decent, especially considering the rupee appreciation in the previous quarter. Even so, revenue growth i