Share Market Tips | Stock Market Tips | MCX Tips

Creditors of India's bankrupt Jet Airways are likely to recover less than 10% of the carrier's total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline, two sources told Reuters. The airline's financial and operational creditors, who are owed nearly 300 billion Indian rupees ($4.20 billion) are likely to recover only $300-$400 million from the sale of Jet's assets, the sources, who have direct knowledge of the matter, said. "The expected recovery on owned planes and real estate is $300-400 million after repaying debt tied specifically to those assets," said one of the sources. The sources, who asked not to be named as they have not been cleared to discuss the matter with media, said Jet currently has some four to six Boeing and Airbus aircraft, and some real estate assets in India, on which there are some outstanding dues. The airline, less than a year ago, was operating a fleet of more than 120 plane...

Buying Apollo Tyres with the target at Rs 185 and stop loss at Rs 172 and Bharat Electronics with target at Rs 115 and stop loss at Rs 104. After a subdued start, the market slipped in the red and traded with negative bias in the first half. However, it managed to pull back from the lows and ended the session higher. Sensex closed 162 points, or 0.44 percent, higher at 36,724.74, with 18 stocks in the green. The Nifty index logged a gain of 47 points or 0.43 percent to settle at 10,844.65, with 30 stocks ending in the positive. Midcaps and small caps underperformed Sensex as their sectoral indices on BSE climbed up to 0.29 percent. The index is still trading below crucial short term moving averages and despite the bounce, the trend is still negative, suggest experts. Traders are advised to trade with strict stop losses as long as the index trades above 10,756-10637 levels. According to the pivot charts, the key support level is placed at 10,774.4, follow...

We expect the USD-INR to find supports at lower levels. Utilize downsides in the pair to initiate long positions, says ICICIdirect. The Indian rupee gained in the early trade on Wednesday. It has opened higher by 21 paise at 72.18 per dollar versus previous close 72.39. Also, Read - Rupee hits fresh 2019 low; likely to trade around 71-73.25 per dollar in coming weeks The rupee on September 3 dropped sharply by 97 paise to more than nine-month low of 72.39 against the US dollar as heavy sell-off in the domestic equity market, weak macro environment, and a stronger greenback kept investors edgy, said PTI. The Indian currency came under pressure after official data released on Friday showed that India's GDP growth fell to an over six-year low of 5 percent in the June quarter, it added. The domestic currency settled down by 97 paise at 72.39 per dollar, logging its worst single-day fall since August 5 and the lowest closing level since November 13, 2018. ...

खुदरा स्टोर श्रृंख्ला वी-मार्ट रिटेल (V-Mart Retail) ने तीन नये स्टोरों का शुभारंभ किया है। कंपनी ने नागालैंड, झारखंड और राजस्थान में 1-1 स्टोर खोला है। इसके साथ ही भारत के 18 राज्यों के 181 शहरों में कंपनी के कुल स्टोरों की संख्या 232 हो गयी है। गौरतलब है कि नागालैड में कंपनी का यह पहला, झारखंड में 18वाँ और राजस्थान में 7वाँ स्टोर है। नये स्टोरों के शुभारंभ की घोषणा के बावजूद कंपनी के शेयर में कमजोरी है। बीएसई में वी-मार्ट रिटेल का शेयर 1,734.20 पिछले बंद भाव के मुकाबले आज सुबह मजबूती के साथ 1,760.00 रुपये पर खुला है। मजबूत शुरुआत के बाद शेयर का रुख नीचे की ओर मुड़ गया और 1,713.25 रुपये के निचले स्तर तक गिरा। करीब 11 बजे वी-मार्ट का शेयर 16.10 रुपये या 0.93% की कमजोरी के साथ 1,718.10 रुपये पर चल रहा है। इस भाव पर कंपनी की बाजार पूँजी 3,118.94 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 3,298.00 रुपये और निचला स्तर 1,701.65 रुपये रहा है। Best Share Market News, Click Here To Get More News -  Stock Market tips , for 2 Days Free T rial give a missed call @964440...

Concerns on margin & working capital deterioration are priced in, the global brokerage feels. Shares of Bharat Electronicsrallied 2 percent intraday on August 22 after global brokerage house Morgan Stanley initiated coverage with an overweight call on the stock. The stock was quoting at Rs 92.95, up to Rs 1.00, or 1.09 percent on the BSE at 1047 hours IST. Morgan Stanley initiated coverage with an overweight call and target price of Rs 116 per share. "We see the company as the best way to play India's Defence Indigenisation Theme. Its strengths include strong execution record and wide product range," it reasoned. Concerns on margin & working capital deterioration are priced in, the global brokerage feels. Bharat Electronics in the quarter ended June 2019 reported a 12 percent year-on-year increase in consolidated profit at Rs 210.59 crore, partly due to higher other income. However, revenue declined 0.37 percent year-on-year to Rs 2,124...

Gold prices were little changed on Thursday, holding above the key $1,500 an ounce level, as investors awaited the Federal Reserve chair's speech at a global central bankers' conclave for clues on future U.S. interest rate cuts. Spot gold inched down 0.1% to $1,500.14 per ounce by 0426 GMT. U.S. gold futures were down 0.4% at $1,510.10 an ounce. "We are seeing a holding pattern until the remarks from Federal Reserve Chair Jerome Powell at the Jackson Hole symposium," OANDA analyst Jeffrey Halley said. If Powell says they are going to cut rates aggressively, that may not be great for gold in the short-term since equities will gain, Halley added. Markets are now focused on Powell's speech at Jackson Hole on Friday, for clarity on the direction of U.S. monetary policy, especially after an inversion in the Treasury yield curve highlighted the risk that the U.S. economy may fall into recession. Minutes of the Fed's July meeting, rele...

Coffee Day Enterprises | Redington India | Jagran Prakashan | Urja Global | Tasty Dairy and Aspira Pathlab are stocks which are in the news today. Here are stocks that are in the news today: Results on August 22: Everest Kanto Cylinder, Gillette India, Advance Lifestyles, Birla Cotsyn, Kennametal India, Supreme Infrastructure India LIC Housing Finance: Fidelity Management to sell stake in the company, the book size at $200 million - CNBC-TV18 sources. Coffee Day Enterprises clarifies: Reports of ITC considering buying a stake in the company are incorrect. NMDC: Company cut iron ore lump, fines prices by Rs 200 per tonne from August 20. HPCL to invest Rs 74,000 crore in five years Redington India: ICICI Prudential Life sold 2.05 percent stake in the company on August 20. Jai Corp: Company decided to merge a wholly-owned subsidiary, Jai Realty Ventures Limited with itself. Biocon’s Malaysia insulin glargine manufacturing facility receives E...

There were pending sell orders of 499 shares, with no buyers available. Shares of Riga Sugar Companylocked at 5 percent lower circuit after the resignation of its CFO. Satya Ranjan Mallick has resigned from the post of chief financial officer (CFO) of the company with effect from August 16, 2019. There were pending sell orders of 499 shares, with no buyers available. At 1129 hrs, Riga Sugar Company was quoting at Rs 6.88, down Rs 0.36, or 4.97 percent. Best Share Market News, Click Here To Get More News -  Share Market tips , for 2 Days Free T rial give a missed call @9644405057 and Get Share Market Services.

Nifty continued to remain volatile as it couldn’t manage to hold gains. The index has immediate support at 10,970. Nifty50 closed the rangebound session lower on August 19 but managed to hold psychological 11,000 levels amid mixed global cues and hoped of stimulus measures from the government to revive the economy. The index continued to remain volatile as it could not manage to hold gains and shut shop in the red. Now, the index has immediate support at 10,970. After touching intraday high and low at 11,076.30 and 10,985.30 respectively, the index ended the day with a loss of 37 points, or 0.33 percent, at 11,017. Among the 50 stocks in the index, 20 advanced and 30 declined. The index formed a bearish candle on daily charts as selling pressure was seen at higher levels while, at the same time, the decline was being bought into the market. On the Options front, maximum Put open interest is at 11,000 followed by 10,800 strikes while maximum Call open inter...

The company reported a standalone net profit of Rs 46.61 crore for the quarter ended June 30, 2019, as compared to Rs 42.93 crore in the same period last year, registering a year-on-year growth of 8.57 percent.  Net revenue of the company rose moderately by 15.11 percent at Rs 284.14 crore in the April-June quarter of this fiscal as against Rs 246.84 crore in the corresponding period last year. During the April-June quarter, operating expenses increased by 15.79 percent to Rs 195.98 crore from Rs 169.26 crore in the year-ago period. Other Income dipped by 34.53 percent at Rs 3.66 crore versus (Jun'18 Rs 5.59 crore). Operating Profit surged by 13.64 percent to Rs 88.16 crore as against Rs 77.58 crore in the year-ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.27 percent in June quarter. Interest grew by 29.49 percent y-o-y to Rs 6.85 crore, while Taxation increased by 6.41 percent at Rs 24.58 crore (Jun'18 Rs 23.10 crore). ...

Revenue of the company declined to Rs 50.28 crore versus Rs 71.31 crore. Share price of Opto Circuits Indiaslipped more than 4 percent in the early trade on August 20 on poor June quarter numbers. The company's Q1 consolidated net profit fell 16 percent to Rs 10.8 crore versus Rs 12.95 crore in the same quarter last fiscal. Revenue of the company declined to Rs 50.28 crore versus Rs 71.31 crore. At 0932 hours, Opto Circuits India was quoting at Rs 4.25, down Rs 0.19, or 4.28 percent on the BSE. The share touched its 52-week high Rs 13.41 and 52-week low Rs 2.95 on 21 August 2018 and 31 July 2019, respectively. Currently, it is trading 68.31 percent below its 52-week high and 44.07 percent above its 52-week low. Best Share Market News, Click Here To Get More News -  Share Market tips , for 2 Days Free T rial give a missed call @9644405057 and Get Share Market Services.

Low-cost carriers SpiceJet and IndiGo would shift their operations to the Indira Gandhi International Airport's T3 from T2 from September 5. While SpiceJet would shift its entire operations, the largest private carrier IndiGo would move part of their local flights. With rising air traffic and a surge in flight movement from the IGI airport, private airport firm Delhi International Airport Ltd (DIAL) is in the process of upgrading the T2 terminal. "Post completion of capacity enhancement of T2, the terminal will be able to handle 18 million passengers per annum (MPPA), up from current 15 MPPA (now)," DIAL said in a statement. Videh Kumar Jaipuriar, CEO of the airport firm, said that with Delhi airport witnessing a surge in passenger traffic, DIAL is enhancing the capacity of T2. "The move will ease the pressure of fast-growing traffic so that the capacity enhancement works at Terminal 2 can be carried out effectively and efficiently. We appre...

The company reported a standalone net profit of Rs 62.73 crore for the quarter ended June 30, 2019, as compared to Rs 57.67 crore in the same period last year, registering a year-on-year growth of 8.77 percent.  Net revenue of the company declined marginally by 3.56 percent at Rs 587.67 crore in the April-June quarter of this fiscal as against Rs 609.35 crore in the corresponding period last year. During the April-June quarter, operating expenses dropped by 6.59 percent to Rs 484.67 crore from Rs 518.85 crore in the year-ago period. Other Income dipped by 33.71 percent at Rs 11.07 crore versus (Jun'18 Rs 16.70 crore). Operating Profit surged by 13.81 percent to Rs 103.00 crore as against Rs 90.50 crore in the year-ago period, while Operating Profit Margin (OPM) expanded year-on-year to 18.05 percent in June quarter. Interest declined by 19.83 percent y-o-y to Rs 3.80 crore, while Taxation increased by 15.03 percent at Rs 33.22 crore (Jun'18 Rs 28.88 crore). ...

The National Company Law Appellate Tribunal (NCLAT) on Thursday expressed its displeasure over the crisis-hit IL&FS and the government's delay in filing the progress report on the resolution process of the group companies. "In spite of our order dated 12th July 2019 no 'Progress Report' has been filed by Union of India or IL&FS. They are allowed to file the 'Progress Report' by tomorrow (Friday)," said the NCLAT order. The bench headed by NCLAT Chairperson S.J. Mukhopadhaya further asked the government to settle the claims of all the creditors of the Moradabad-Bareilly Expressway Ltd, the Jharkhand Road Projects Implementation Company, and the West Gujarat Expressway Ltd as per signed 'Term Sheet', before the next hearing on September 5.  "The Union of India or IL&FS should also give notice to all the financial creditors of rest of the 10 'Amber' entities and take preliminary step by taking their conse...

Prakash Gaba of prakashgaba.com recommends buying Glenmark Pharma with target at Rs 440 and stop loss at Rs 418 and HDFC Bank with target at Rs 2280 and stop loss at Rs 2215. Bulls were back in action on Dalal Street with the Nifty 50 reclaiming 11,000 and Sensex climbing above 37,000 levels on August 8. Media reports suggesting a potential rollback of surcharge on the super-rich and a delay in vehicle registration fees by a year lifted sentiment. The BSE Sensex rallied 636.86 points or 1.74 percent to close at 37,327.36 while the Nifty 50 rose 177 points or 1.63 percent to 11,032.50, forming a bullish candle on daily charts. All sectoral indices closed in green with Auto rallying the most with 3 percent gains. Auto, FMCG, IT, Metal and Realty indices gained 1-2 percent. The broader markets underperformed frontliners with the Nifty Midcap index rising 0.7 percent and Smallcap index climbing a percent. According to the pivot charts, the key support level is...

The company reported a standalone net profit of Rs 35.63 crore for the quarter ended June 30, 2019, as compared to Rs 34.67 crore in the same period last year, registering a year-on-year growth of 2.77 percent.  Net revenue of the company rose marginally by 3.71 percent at Rs 113.28 crore in the April-June quarter of this fiscal as against Rs 109.23 crore in the corresponding period last year. During the April-June quarter, operating expenses increased by 7.00 percent to Rs 43.24 crore from Rs 40.41 crore in the year ago period. Other Income grew by 46.08 percent at Rs 4.85 crore versus (Jun'18 Rs 3.32 crore). Operating Profit surged by 1.77 percent to Rs 70.04 crore as against Rs 68.82 crore in the year-ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.87 percent in June quarter. Interest grew by 8.27 percent y-o-y to Rs 18.45 crore, while Taxation increased by 1.69 percent at Rs 10.21 crore (Jun'18 Rs 10.04 crore). Best Share...

The company reported a standalone net profit of Rs 102.07 crore for the quarter ended June 30, 2019, as compared to Rs 114.62 crore in the same period last year, registering a year-on-year decline of 10.95 percent.  Net revenue of the company declined moderately by 11.97 percent at Rs 11,122.18 crore in the April-June quarter of this fiscal as against Rs 12,634.69 crore in the corresponding period last year. During the April-June quarter, operating expenses dropped by 11.41 percent to Rs 11,007.72 crore from Rs 12,425.30 crore in the year-ago period. Other Income dipped by 98.02 percent at Rs 0.42 crore versus (Jun'18 Rs 21.24 crore). Operating profit slipped by 45.33 percent to Rs 114.47 crore as against Rs 209.39 crore in the year-ago period, while Operating Profit Margin (OPM) contracted year-on-year to 37.95 percent in June quarter. Taxation increased by 31.43 percent at Rs 12.42 crore (Jun'18 Rs 9.45 crore). Best Share Market News, Click Here To G...

Shares of HCL Technologies Ltd lost about 10% since its March quarter results, underperforming the Nifty IT index, due to concerns over growth and profitability. The June quarter results will reassure investors to some extent. Constant currency revenues grew 4.2% from the March quarter, better than the most optimistic estimate on the Street. From a year ago, they are up 17%, the highest in recent years. Excluding the benefit of a recent acquisition, sequential revenue growth stood at 3.8%, which is healthy. However, the benefit of revenue acceleration was negated by a steep fall in profitability to 17.1%. It is down a good 1.8 percentage points from the March quarter. As a consequence, operating earnings (earnings before interest and tax ) in dollar terms fell 6.3% sequentially. “Management already guided that Q1 margins will be weak owing to IBM products acquisition led transition costs while revenues would be absent and flow only from Q2. However, the quantum of margi...