Coromandel International Q3 Results: Profit beats forecast on robust demand
The company's consolidated net profit after tax rose 38.1% to 5.27 billion rupees ($64.24 million) from a year earlier, while analysts on average had expected a profit of 4.35 billion rupees.
Stocks to buy or sell today: 6 short-term trading ideas by experts for 30 January 2023
Nifty formed a Bearish Engulfing candle on weekly frame and gave a range breakdown. Now, till the index holds below 17777 zones, bounce could be sold for the downside move towards 17500 then 17350 zones whereas hurdles are placed at 17777 and 17850 zones.
What should investors do with TCS, Infosys & HCL Tech ahead of December quarter results?
"The Nifty50 index has been showing lower top formation patterns on the daily chart since the last one month which suggests a bearish biased view and with the onset of result season, one can anticipate for fluctuations and swings this month. Currently, the 17,780-17,800 levels would be crucial which if decisively broken can trigger for fresh sell-off, with next downside targets visible near the 17500 and 17250 (200-DMA levels) zone."
Chart Check: Breakdown from rising channel formation could fuel selling pressure in Chambal Fertilisers
“As Nifty is retracing earlier gains, weak stocks become weaker. Chambal Fertiliser has breached the rising channel on the lower side which was bearish development on the weekly charts,” Kapil Shah, Technical Analyst, Emkay Global Financial Services and Trainer- FinLearn Academy, said.
Stocks in the news: HDFC, Relaxo, Mahindra Finance, Lupin and MTAR Tech
HDFC, Adani Enterprises, HPCL, Coromandel, Vodafone Idea, Bank of India, Devyani International, SKF, Ajanta Pharma, UCO Bank, Sanofi, Blue Star, Sapphire Foods and Amara Raja are among the companies that will announce their results for September 2022 quarter today.
Positive start to Samvat 2079; We see Nifty50 hitting 18K in the next fortnight or so: Anand James
"A truncated week, with monthly expiry, also falling in, is a recipe for volatility. But this may not lead to large trading ranges, given the sustained fall in VIX in the last week. Traders would do well to apportion a part of their winnings into a long-term investment on this auspicious accession."
Chakri Lokapriya’s 6 top bets in specialty chemicals and cement space
“Cement has benefitted from the fall in raw material cost and that 30-40% drop will add to the EBITDA level. Clearly volumes are going to pick up and the largest amount of uptick will happen in the South which means companies like Dalmia Bharat, Ramco Cements as well as national players like UltraTech will benefit. JK Lakshmi will benefit from sheer valuation comfort.”
For Coromandel Agro, the record date for determining shareholders eligibility for the dividend payout is also September 12, 2022. Today is the record date for Suven Pharmaceuticals Rs 5 per share special dividend and Re 1 per share interim dividend.
Betting on 6 specialty chemicals and auto stocks: Chakri Lokapriya
“The entire auto space looks very good. Being a services economy, India is all about opening up and people want transportation. All that will translate into higher sales of two-wheelers and low-end cars. Against that backdrop, Hero MotoCorp, TVS still look very good. Ashok Leyland, in the CMV segment, is picking up pace.”
Chart Check: This fertiliser stock hit a fresh record high in August; what to do post 40% rally this year?
The stock has recently made a higher bottom formation pattern on the daily chart taking support near the Rs 990 zone and given a decent pullback with improving bias moving past the significant 50 EMA level of Rs 1,002.67, Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher, said.
Ahead of Market: 10 things that will decide D-St action on Thursday
Wall Street's main indexes rose more than 1% on Wednesday after data showing a slower-than-expected rise in inflation in July prompted traders to cut their bets on a third straight 75-basis-point interest rate hike in September.
Coromandel International Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 30826.76 Crore) operating in Fertilisers sector.
Oriental Hotels reports standalone Q1 PAT at Rs 11.09 cr
The Oriental Hotels Ltd has seven hotels including Taj Coromandel in Chennai, Taj Fishermen's Cove Resort and Spa Chennai, Taj Malabar Resort and Spa, Cochin, Vivanta, Coimbatore, The Gateway Hotel, Pasumalai, Madurai, The Gateway Hotel Old Port Road, Mangalore and Gateway Coonoor which is an IHCL SeleQtions hotel.
Ahead of Market: 12 things that will decide D-Street action on Thursday
Mazhar Mohammad of Chartviewindia.in said that the index appears to be finding some buying support in the bullish gap area of 16,490 and 16,359 levels and post the Fed outcome, the ongoing strength should expand towards its 200-day SMA, whose value is placed around 17,033 levels.
Corporate Radar: Hero MotoCorp to turn ex-dividend; Tata Motors Q1 results; Bajaj Finance AGM and more
Bajaj Finance, Maruti Suzuki India, Tata Motors, United Breweries, Colgate-Palmolive, Biocon, CG Power, APL Apollo Tubes, Blue Dart Express and VIP Industries are among companies that will announce their quarterly earnings today.
SGX Nifty down 5 points; here's what changed for market while you were sleeping
Asian stocks opened mostly lower on Wednesday with investors taking cues from a cut to profit estimates by US retail giant Walmart, which helped drag down US markets. MSCI's index of Asia-Pacific shares outside Japan was down by 0.74 per cent.
Stocks in the news: Bajaj Auto, L&T, Wipro, Tata Power, Ethos and Relaxo
Bajaj Finance, Maruti Suzuki, Tata Motors, United Breweries, Colgate Palmolive, Schaeffler, Biocon, CG Power, Laurus Labs and SKF are among the companies that will announce their earnings for the quarter ended June 2022.
Ahead of Market: 10 things that will decide D-Street action on Friday
Rupak De, Senior Technical Analyst at LKP Securities said that Nifty found resistance at the upper band of the rising channel, leading to brief profit-taking during the day.
Ahead of Market: 10 things that will decide D-St action on Tuesday
Deepak Jasani, Head of Retail Research, HDFC Securities, said the 16,487-16,514 band is the next resistance for Nifty while the support has shifted to 16,070-16,140. “Positive global sentiments keep buoying the Nifty, and hence one will have to watch them closely.”
Corporate Radar: Blue Dart to turn ex-dividend; Bank Of Maharashtra Q1 results & more
Bank Of Maharashtra, Alok Industries, Metropolis Healthcare, Heidelberg Cement, Ganesh Housing Corporation, Nelco, Onward Technologies and Elixir Capital are among the companies that will announce their quarterly earnings today. Onward Technologies will have its annual general meetings (AGM) while the board of Parag Milk Foods will meet to consider the preferential issue of shares.
Corporate Radar: Adani Enterprises, M&M to turn ex-dividend; L&T Infotech, Tata Elxsi Q1 results; bonus issues and more
Shares of Radhe Developers will also go ex-split today. The company had announced the splitting of shares into face value of Re 1 from the face value of Rs 10. Raymond and Surya India will hold their annual general meetings (AGM) today.
Ahead of Market: 10 things that will decide D-St action on Tuesday
European markets fell as the shutdown of a major gas pipeline from Russia to Germany for annual maintenance brought concern Russia might not resume the flow of gas as scheduled.The pan-European Stoxx 600 index opened 1.03% lower with all sectors in negative territory apart from healthcare stocks.
Nationally dominant, BJP prepares for southern march
The BJP top brass at the party's national executive in Hyderabad targeted south India, where barring Karnataka it won only four out of 101 seats of four states in 2019, as the region for its next round of growth.
Ahead of Market: 10 things that will decide D-St action on Tuesday
“The market is now showing signs of witnessing a decisive upside breakout of the important resistance of 15,900 levels in the next 1-2 sessions. A sustainable upmove above 15,900-15,950 is expected to pull the Nifty towards the next resistance of 16,300 in the short term. Immediate support is placed at 15,750,” he said
Best part of pure refiners play over; time for monsoon bets: Hemang Jani
“Purely from a monsoon perspective, some of the names where we have a positive view are Coromandel International, United Phosphorus and UPL. These are the companies where we like the core business and if we have good traction on the monsoon over the next few weeks, then these companies will see renewed buying interest.”