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सरकारी पनबिजली उत्पादक कंपनी एनएचपीसी (NHPC) ने सुबानसिरी (Subansiri) परियोजना के लिए असम सरकार के साथ करार किया है। करार के तहत कंपनी अरुणाचल प्रदेश और असम राज्य में सुबानसिरी नदी पर सुबानसिरी लोअर एचई परियोजना (2,000 मेगावाट) तैयार करेगी। असम और अरुणाचल के बीच की सीमा पर स्थित यह देश की सबसे बड़ी जल विद्युत परियोजना है, जिसकी अनुमानित क्षमता 2,000 मेगावाट और अनुमानित वार्षिक उत्पादकता 7421.59 मिलियन इकाई है। उधर बीएसई में एनएचपीसी का शेयर शुक्रवार को एक दम सपाट 23.25 रुपये पर बंद हुआ। इस भाव पर कंपनी की बाजार पूँजी 23,852.92 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 27.50 रुपये और निचला स्तर 20.85 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 @9644405057 and Get Share Market Services.

The rupee has been Asia's worst performer in August but a string of positive news could arrest the fall in the coming days. After a long phase of consolidation, the USDINR, as expected, continued the up move in the previous week too. Though the bulls opted for profit booking at higher levels and on a weekly basis, the currency pair closed off the week high but still gained 86 paise. The dollar has appreciated more than 3.3 percent the last three weeks but the currency pair is likely to settle down at current levels and minor dip is also not ruled out. The huge rally of the last three weeks is now showing signs of abating, as prices formed “island reversal” candlestick pattern on the daily chart basis. Long positions should be avoided as there is a gap on daily as well as weekly chart and currency pair is trading far away from its 20-day moving average (DMA). Generally, any extraordinary change in price is settled down near its 20 DMA and in this case, i...

India's largest lender, the State Bank of India, on Sunday said that it is extending the repayment period for stressed automobile dealers by 15-30 days to help them out of current inventory builds-ups due to the slowdown in the sector and in the economy. "Normally, the repayment period is 60 days. So we extend it for 75 days for some dealers and to 90 days for a few others. We are talking to each dealer. We also had meetings with the Federation of Auto Dealers. We are actively engaged with all of them.  "On a case to case basis, whichever dealer has faced any problem on account of excess inventories, we have been working out solutions for all of them," SBI's Managing Director, Retail & Digital Banking, P.K. Gupta said. He also said the current slowdown would not create NPAs.  The auto sector is the worst-hit sector in the current slowdown and apart from huge inventory build-up, the companies are resorting to production shutdowns to c...

The company reported a standalone net profit of Rs 381.87 crore for the quarter ended June 30, 2019, as compared to Rs 409.14 crore in the same period last year, registering a year-on-year decline of 6.67 percent.  Net revenue of the company declined marginally by 1.70 percent at Rs 1,101.36 crore in the April-June quarter of this fiscal as against Rs 1,120.39 crore in the corresponding period last year. During the April-June quarter, operating expenses increased by 8.50 percent to Rs 418.45 crore from Rs 385.68 crore in the year-ago period. Other Income grew by 45.41 percent at Rs 56.71 crore versus (Jun'18 Rs 39.00 crore). Operating profit slipped by 7.05 percent to Rs 682.91 crore as against Rs 734.71 crore in the year-ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.44 percent in June quarter. Interest grew by 700.00 percent y-o-y to Rs 2.08 crore, while Taxation decreased by 9.35 percent at Rs 197.21 crore (Jun'18 Rs 217.54 crore...

Revenue of the company rose 4.1 percent to Rs 3,198.4 crore versus Rs 3,073 crore. Shares of Siemens added 5 percent in the early trade on August 8 as company posted better numbers for the quarter ended June 2019. The company's Q3FY20 profit jumped 21.4 percent to Rs 248.1 crore versus Rs 204.4 crore in the same quarter last fiscal. Revenue of the company rose 4.1 percent to Rs 3,198.4 crore versus Rs 3,073 crore. The company's new orders stood at Rs 3,023, registering a 6.4 percent increase over the same quarter last year. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens said, “We have delivered very solid results in the third quarter although we see a slowdown in capex related ordering by our customers, both public and private, and across our market verticals." "Liquidity is becoming a concern in the industry, with payments being delayed and inventory offtake slowing down. In this scenario, our focus continues on...

Shares of Mahindra and Mahindra Ltd (M&M) touched a new 52-week low on Wednesday, mirroring investor disappointment about the company’s June quarter results. Indeed, revenue and profit margins came slightly ahead of the Street’s forecasts. But the all-round weakness in revenue and profit underscored weakness in both automotive (auto) and farm equipment (FE) segments. Overall, M&M’s June quarter net revenue of 12,805.5 crores (including Mahindra Vehicle Manufacturers Ltd) was 4.1% lower year-on-year. Further, negative operating leverage due to plummeting sales dented the Ebitda (earnings before interest, tax, depreciation, and amortization) margin, which fell by 180 basis points to 14%. A basis point is one-hundredth of a percentage point. Investors reckon that the auto segment’s operating performance was worse than expected. Even improved realizations failed to compensate for the cost pressures. The upshot: the Ebit margin declined by a sharp 290 basis point...

Oil fell on Wednesday as the intensifying Sino-U.S. trade dispute stoked worries over demand, although a drop in U.S. crude inventories offered some support to prices. International benchmark Brent crude futures were at $58.70 a barrel by 0039 GMT, down 24 cents, or 0.41%, from their previous settlement and trading near seven-month lows. West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.37%, from their last close to $53.43 per barrel. "Crude oil prices remained under pressure as investors grappled with the impact of the trade conflict," ANZ bank said in a note. Brent prices have plunged more than 9% in the past week after U.S. President Donald Trump said he would slap a 10% tariff on a further $300 billion in Chinese imports starting on Sept. 1, sending global equity markets into a tailspin. But Trump on Tuesday dismissed fears the trade row with China could be drawn out. Meanwhile, Saudi Arabia Energy Minister Khalid Al-Falih and U.S. En...

At an operating level, earnings before interest and tax may decline more than 6 percent, and its margin may contract sequentially by triple digits. IT services provider HCL Technologies is likely to report more than 5 percent sequential decline in its profit for the June quarter, but dollar revenue could be increased by more than a percent quarter-on-quarter (QoQ) and cross-currency revenue growth could be more than 1.5 percent QoQ. The stock gained 1.28 percent to close at Rs 1,024.35 on August 6, ahead of the announcement of its earnings for the June quarter. "We expect dollar revenues to grow 1.2 percent QoQ to $2,305 million supported by 0.5 percent contribution from Strong Bridge acquisition," said ICICI Securities, which expects profit to fall 7 percent and rupee revenue to grow 0.2 percent sequentially. Kotak Institutional Equities also expects constant currency revenue growth rate of 1.55 percent of which 1 percent will be organic, with the b...

The Sensex and Nifty on Tuesday gained over 200 points during the early trade after it opened in the red amid heightened US-China trade spat and tension in the Jammu and Kashmir region. Buying was seen in heavily beaten down auto, PSU bank stocks. The benchmark Sensex opened at 36,568.03, lower from its Monday's close of 36,699.84. At 9.38 a.m., the Sensex traded 208.87 points higher at 36,908.71, while the Nifty also gained nearly 50 points to 10,912.15. The Foreign Portfolio Investors (FPIs) continued to sell Indian stocks. On Monday FPIs offloaded stocks worth Rs 2,016.73 crore. Union Home Minister Amit Shah on Monday proposed to scrap Article 370 of the Constitution which gives special status to Jammu and Kashmir and said the state will be split into two Union Territories: Jammu and Kashmir with an Assembly and Ladakh without one. Making the historic announcement in the Rajya Sabha that triggered bedlam, Shah said: "I am presenting the r...

While assigning a three-out-of-five rating to the issue, Centrum Wealth also suggests investors can subscribe to the issue from a long term perspective. It believes it is fairly priced. Sterling and Wilson Solar, the second initial public offering of the month, has been launched for subscription on August 6 with the intention to raise Rs 3,125 crore from the capital market. The company has fixed the issue price band at Rs 775-780 per share. Out of the total fundraising, the company already garnered Rs 1,406 crore from 18 anchor investors, including global and domestic funds and investors on August 5. The stellar response for the public issue from anchor investors, scheduled to be closed on August 8, indicated that there could also be good demand in the coming three days. Even the brokerages advised subscribing for the issue that consists of an offer for sale by promoters Shapoorji Pallonji and Company Private Limited (Rs 2,083.33 crore) and Khurshed Yazdi ...

Sudarshan Sukhani of s2analytics.com recommends buying Dabur India with stop loss at Rs 424 and target of Rs 438 and HDFC with stop loss at Rs 2135 and target of Rs 2185. The market extended the sell-off seen last week, falling sharply across sectors (except IT) on August 5 after the Centre decided to revoke Article 370 in Jammu & Kashmir and due to aggravated trade war tensions dragged Chinese yuan to 11-year low against the US dollar. The BSE Sensex slipped 418.38 points or 1.13 percent to 36,699.84 while the Nifty 50 fell 134.80 points or 1.23 percent to 10,862.60, forming a Hammer pattern on the daily charts. The broader markets underperformed frontliners with the Nifty Midcap index falling 1.4 percent and Smallcap index declining 2 percent. All sectoral indices except IT ended in the red. According to the pivot charts, the key support level is placed at 10,798.2, followed by 10,733.8. If the index starts moving upward, the key resistance levels to wat...

Eight of the 10 most valued Indian companies saw a combined loss of Rs 89,535 crore in market valuation in the week ended August 2. After two years, the Indian stock market has exited the $2 trillion club after the sell-off on August 2 erased 8.8 percent of investor wealth. The value of all listed Indian stocks fell to $1.97 trillion on August 2 after foreign portfolio investors (FPIs) began withdrawing their capital, reports The Economic Times, citing Bloomberg data. This pushed India to the ninth position among large markets, sliding below Germany. Eight of the 10 most valued Indian companies saw a combined loss of Rs 89,535 crore in market valuation in the week-ended August 2. India had first crossed the $2 trillion market capitalisation (m-cap) mark in May 28, 2017. It had replaced Germany as the seventh largest market. In November 2017, it became the eighth largest country in terms of market valuation after overtaking Canada. FPIs began pulling ou...

"SSFL's successful exit from corporate debt restructuring (CDR) mechanism in March 2017 (well ahead of the scheduled date of Mar’18), consistent profits along with a healthy asset book, builds confidence in the prospects. The initial public offering of microfinance lender Spandana Sphoorty Financial (SSFL) has opened for subscription on August 5, with a price band at 853-856 per share. The company plans to raise around Rs 1,200 crore through public issue which consists of a fresh issue of Rs 400 crore and offer for sale of around Rs 800 crore by promoters and investors. Spandana will use the money raised through fresh issue towards augmenting the capital base to meet future capital requirements. Most brokerages recommended subscribing the issue but with a long term perspective, and not for listing gains. "SSFL's successful exit from corporate debt restructuring (CDR) mechanism in March 2017 (well ahead of the scheduled date of Mar’18), co...

Kotak Institutional Equities has maintained reduce call on the stock with a target at Rs 10,700 per share. The share price of Nestle India rose more than 4 percent in the early trade on August 5 after the company reported better numbers for the quarter ended June 2019 (Q2FY20). The company's Q2 net profit jumped 10.8 percent to Rs 437.8 crore versus Rs 395 crore in the same quarter last fiscal. Revenue of the company increased by 11.2 percent to Rs 3,000 crore versus Rs 2,698.4 crore. Kotak Institutional Equities has maintained reduce call on the stock with a target at Rs 10,700 per share. The company's earnings weighed down by weak gross margins mainly due to sharp rise in milk prices, however, the domestic revenues grew a strong 13% YoY, said Kotak Institutional Equities. The execution engine is performing well in the context of some slowdown in the broader market, while the new extensions continue to highlight agility of new volume-focused...

In the coming months, we are expecting the retail segment to continue to grow at a strong pace (around 19 percent CAGR over F19-20), led by strong consumer demand and increase in penetration by banks. As the banking sector is going through massive changes, it is important for one to understand why private banks have consistently performed better than public sector banks. If we were to have a look towards state-owned banks, the Loan to Deposit (LDR) ratio is near about 65. In the case of private banks, it is in the range of approximately 85-90. As we know that a deposit is a loan for a bank, we can expect in this short-term liquidity crunch scenario that the shadow banking systems like NBFCs (Non-Banking Financial Corporations) and HFCs (Housing Finance Companies) cannot spread their arms easily. But, state-owned banks can do so and increase their loan book. In the present scenario, we can see the competency for private sector banks is reduced due to continuous imp...

More than 400 stocks in the top 500 companies of India Inc. recorded negative returns for the week ended August 2. Out of 419 stocks, 59 stocks in the S&P BSE 500 index fell in double digits. Indian markets witnessed the second-worst week of 2019 as benchmark indices fell by about 2 percent for the week ended August 2. The Nifty50 fell 2.54 percent, its worst weekly performance since May 10 when the index was down by about 3.7 percent. There has been persistent selling by foreign investors that have pulled out more than Rs 6,000 crore from the cash segment of Indian equity markets. Also, there are muted corporate results, signs of weakness in economic growth as reflected by core data and, on the global front, the commentary from the US Fed and fresh concerns over the trade war between the US and China. The S&P BSE Sensex managed to reclaim its crucial level of 37,000. However, for the week, the index fell by about 2 percent. The broader markets, especially...

Cigarette volume growth could be around 5-6 percent in Q1FY20 on the lower base of 1.5 percent growth in the year-ago. The volume growth in the March quarter was 7.5 percent. ITC, which will release its June quarter results on August 2, is likely to report double-digit YoY growth in profit with a healthy EBITDA. Revenue is expected to rise 8-9 percent YoY, backed by cigarette and FMCG segment, brokerages said. The volume growth for cigarettes could be around 5-6 percent in Q1FY20 on the lower base of 1.5 percent growth in Q1fy19. The volume growth in the March quarter was 7.5 percent. "ITC is expected to witness sales growth of 8.5 percent YoY, mainly driven by robust growth from cigarettes and FMCG segment. The cigarettes segment is likely to witness around 6 percent volume growth on a low base," said ICICI direct, which also expects profit to rise by 12.8 percent YoY over a hike in prices of select cigarettes, and rapid improvement in FMCG operating marg...