On a consolidated basis, net profit slumped 54% to Rs 55.46 crore in Q3 December 2019 as against Rs 120.27 crore reported in Q3 December 2018. Net sales declined 23% to Rs 256.22 crore in Q3 December 2019 over Rs 332.77 crore reported in Q3 December 2018.
Trade Setup for Thursday: Top 15 things to know before Opening Bell On January 30, the market is expected to react to F&O expiry, US Fed meeting outcome and earnings of companies like Colgate, Dabur, Bajaj Auto, IOC, Marico and Tata Motors.
Stocks in the news: Yes Bank, Hero MotoCorp, GMR Infra, Eicher Motors, Tata Motors, M&M, NMDC Yes Bank | Hero MotoCorp | Eicher Motors | Tata Motors | Mahindra & Mahindra and NMDC are among stocks which are in news today.
As bulls keep tight control at Dalal Street, these 20 smallcaps rally 15-49% this week FIIs also turn net buyers for the week after many weeks, buying more than Rs 2,000 crore while DIIs continued pouring money, purchasing more than Rs 800 crore worth of stocks during the week.
MOIL spikes 4% after HSBC upgrades stock to buy; sees attractive valuation at current level HSBC believes that the company is supported by healthy margins from low-cost operations and the valuation at current level looks attractive.
Metal index about to turn oversold, JSW Steel, Tata Steel, Hindalco top buys The metal sector is about to turn oversold and we could see beginning of value buying or contra buying at the current or little lower levels.
An evening walk down D-St: Sensex, Nifty fall over 2% on poor macroeconomic indicators The breadth of the market remained heavily tilted towards decliners as 1,613 stocks incurred losses on BSE against 817 that logged gains.
I fear that a recession may start by the end of 2020: Karvy Stock Broking CEO When a global recession arrives, the Indian economy would suffer as well, both due to the direct economic impact but more so on account of the indirect linkage via financial markets
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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