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After trading on a volatile note throughout the day, share markets in India witnessed selling pressure during the closing hours and ended the day in red. All sectoral indices traded in red, with stocks in the banking sector and realty sector leading the losses.

At the closing bell, the BSE Sensex stood lower by 279 points (down 0.8%) and the NSE Nifty closed down by 91 points (down 0.8%). The BSE Mid Cap index ended the day down 1.7%, while the BSE Small Cap index ended the day down by 3.0%.

The rupee was trading at Rs 72.25 against the US$ in the afternoon session.

Asian stock markets finished on a positive note. As of the most recent closing prices, the Hang Seng was up by 1.7% and the Shanghai Composite was up by 2.4%. The Nikkei 225 was up by 0.8%. Meanwhile, European markets were also trading on a positive note. The FTSE 100 was up by 1.1%. The DAX was up by 0.6%, while the CAC 40 was up by 0.7%

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In news from the banking sector, Yes Bank share price was in focus today. The stock of the company witnessed selling pressure after the Reserve Bank of India (RBI) denied its promoter and current CEO Rana Kapoor an extension to continue his term as the bank's CEO.

While the RBI denied the three-year extension approved by the bank, it has allowed Rana Kapoor to continue as the MD & CEO till 31 January 2019.

This will be the second time when an Indian bank chief has failed to get an extension which was approved by shareholders. Earlier, Axis Bank's chief executive Shikha Sharma was denied an extension request by the RBI. Another CEO of ICICI Bank-Chanda Kochhar is being probed for alleged irregularity in loan approvals.

Moving on to the news from the sugar sector, the Competition Commission of India (CCI) on Thursday imposed a penalty of Rs 380.5 million on sugar mills and their associations for rigging bids with regard to a joint tender floated by oil marketing cos for procurement of ethanol for blending with petrol.

The regulator also directed the sugar mills and the associations - Indian Sugar Mills Association (ISMA) and Ethanol Manufacturers Association of India (EMAI) - to cease and desist from indulging in conduct that has been found to be in contravention of Section 3 of the Competition Act (section 3 pertains to anti-competitive agreements).

On the back of the above development, stocks such as Bajaj Hindustan Sugar share price, Simbhaoil Sugars share price, Andhra Sugars share price, Balrampur Chini Mills share price, and Dalmia Bharat Sugar and Industries share price witnessed most of the selling pressure.

Financial stocks also witnessed a beating today. Stocks such as DHFL, Indiabulls Housing Finance and Can Fin Homes all plunged up to 55%.

Dewan Housing Finance Corporation (DHFL) share price skidded over 50% fearing liquidity crisis. The management, however, assauged investor concerns, and said the company has not defaulted on any repayments.

In the news from macroeconomic space, as per a leading financial daily, the Indian government is planning to announce lower than expected borrowing needs for the second half of FY19.

As per the news, senior Indian government officials met with a select group of market participants earlier this week and assured them that the bond market borrowing programme for October to March would be lower than expected.

The meeting was held to get feedback on the ongoing volatility in bond and currency markets, and also to assure market participants about the government's intention to stick to its fiscal deficit and borrowing targets.

Also, speaking of borrowing needs, the economies that were already at the brink of sovereign default in 2008 haven't done much better of late. In fact, countries like China, which have doubled their debt obligation in the past decade, have added to the pressure.

But you would be wrong to assume that it's only the governments of these economies that have the debt problem. Rather it is corporate and individuals too that are heavily in bad debt.

India hasn't really joined this bloating empire of debt. It's among the few economies which has seen its overall debt to GDP fall in the past decade.

India Hasn't Joined the 'Empire of Debt' in the Past Decade


Nevertheless, after the oil and currency contagion, the global debt contagion is going to hurt all emerging markets alike. Including India.

It would be interesting to see how this pans out. Meanwhile, we'll keep you updated on all the development from this space.

Now you can also listen to our stock market podcast. Just visit SoundCloud, iTunes or Stitcher and access our free weekly podcast. Happy listening!

And, to know what's moving the Indian stock markets today, check out the most recent share market updates here.

You can listen to this week's stock market updates in our brand new podcast below. Tune in!



This article (Sensex Slumps Over 275 Points; Realty and Banking Stocks Witness Selling) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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The year so far has seen the BSE Mid-Cap Index trade on a negative note.

On a year-to-date (YTD) basis, the Index moved down from 17,725.5 to 15,595.6, registering a loss of 2,130 points (99.1%).

Let us have a look at the stocks that gained the most in BSE Mid-Cap Index on a YTD basis.

Top 10 YTD Gainers in the BSE Mid-Cap Index Stock Name01-Jan-18 (Rs)Current Price (Rs)YTD Gain (%)52-Week H/LL&T INFOTECH LTD1,147.71,873.063.21,990.0/745.0PAGE INDUSTRIES24,432.933,100.135.536,336.0/17,280.0GRUH FINANCE248.8334.934.6382.0/235.5DIVIS LABORATORIES1,079.21,391.628.91,407.0/832.3UNITED BREWERIES1,027.41,315.028.01,462.4/797.8BIOCON LTD541.0676.025.0695.5/320.0EXIDE INDUSTRIES221.0270.022.2304.7/192.9GSK CONSUMER6,476.87,621.017.77,840.0/4,856.1JINDAL STEEL & POWER203.3234.015.1294.2/132.1BERGER PAINTS264.4300.313.6349.0/232.0
* Latest Price as on 21 Sep 2018 04:09 PM



L&T INFOTECH LTD share price stands as the top year-to-date (YTD) gainer in the BSE Mid-Cap Index. The stock of the company has gained 63.2% since the start of this calendar year. It is presently trading at Rs 1,873.0 (up 2.9%) on the BSE.

Following L&T INFOTECH LTD is PAGE INDUSTRIES, which has gained around 35.5% on a YTD basis. The share price of PAGE INDUSTRIES is presently trading at Rs 33,100.1 (up 2.4%) on the BSE and the total volume of shares traded today is 2,042.0 million.

GRUH FINANCE, DIVIS LABORATORIES, and UNITED BREWERIES are also among the top 5 YTD gainers in the BSE Mid-Cap Index. While GRUH FINANCE gained 34.6% on a YTD basis, DIVIS LABORATORIES and UNITED BREWERIES gained 28.9% and 28.0%, respectively.

Apart from the above, the other top YTD gainers in the BSE Mid-Cap Index include BIOCON LTD, EXIDE INDUSTRIES, GSK CONSUMER, JINDAL STEEL & POWER, and BERGER PAINTS.

For a more detailed view on the above stocks, you can check the BSE Mid-Cap company results for June 2018 quarter and also visit our Indian stock market research section.

Top Losers in the BSE Mid-Cap Index YTD

On the other hand, CENTRAL BANK and RELIANCE INFRA were among the top losers in the BSE Mid-Cap Index on a YTD basis. While CENTRAL BANK share price lost 28.7%, RELIANCE INFRA share price was down by around 39.2% during this period.

More on the BSE Mid-Cap Index...

The S&P BSE Mid-Cap Index is currently trading at 15,595.6 (up 1.7%).

The top BSE Mid-Cap gainers today are CONTAINER CORP share price (up 3.3%) and L&T INFOTECH LTD share price (up 2.9%). On the other hand CENTRAL BANK share price(down 20.0%) and RELIANCE INFRA share price (down 11.7%) are among the top losers today.

The index is down 3.8% over the last 30 days, and over the last 1 year it has been up 13.7%.

For a more detailed view, you can check the latest BSE Mid-Cap stock quotes and BSE Mid-Cap long term chart.

What About the Benchmark Indices?

Year to date, the BSE Sensex has moved up from 33,812.3 to 36,842.0, registering a gain of 3,029 points (up 9.0%).

The most traded stocks in the BSE Sensex during this period were SBI and ONGC.

The NSE Nifty has moved up from 10,442.2 to 11,160.3, registering a YTD gain of 718 points (up 6.9%).

The most traded stocks in the NSE Nifty during the above period were YES BANK and SBI.



This article (Top Performing Midcap Stocks of 2018; L&T INFOTECH LTD Leads the Pack) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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TORRENT POWER LTD share price has plunged 7% and is presently trading at Rs 246.

Meanwhile, the BSE POWER Index is at 2,083 (down 1.7%).

Among the top losers in the BSE POWER Index today are TORRENT POWER LTD (down 6.9%) and JSW ENERGY (down 5.2%).

POWER GRID (up 1.3%) is among the top gainer today.

Over the last one year, TORRENT POWER LTD has moved up from Rs 226 to Rs 246, registering a gain of Rs 20 (up 8.7%)..

The BSE POWER has moved down from 2,311 to 2,083, loss of 228 points (down 9.9%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI TRANSMISSION (up 31.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.7%). The top gainers among the BSE Sensex stocks today are ONGC (up 2.5%), TCS (up 1.6%) and ITC LTD (up 1.4%). Other gainers include POWER GRID (up 1.3%) and ASIAN PAINTS (up 1.1%). The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.

In the meantime, NSE Nifty is at 11,347 (down 0.5%). BHARTI INFRATEL (up 4.0%) and BPCL (up 3.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.8%).

TORRENT POWER LTD Financial Update...

TORRENT POWER LTD net profit stood at Rs 2 billion for the quarter ended June 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 28.1% to Rs 35.3 billion during the period as against Rs 27.5 billion in April-June 2017.

For the year ended March 2018, TORRENT POWER LTD reported 121.5% increase in net profit to Rs 9.5 billion compared to net profit of Rs 4.3 billion during FY17.

Revenue of the company grew 15.1% to Rs 115 billion during FY18.

The current Price to earnings ratio of TORRENT POWER LTD, based on rolling 12 month earnings, stands at 11.1x.

This article (TORRENT POWER LTD Plunges by 7%; BSE POWER Index Down 1.7%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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OBEROI REALTY share price has plunged 6% and is presently trading at Rs 456.

Meanwhile, the BSE REALTY Index is at 2,027 (down 3.3%).

Among the top losers in the BSE REALTY Index today are OBEROI REALTY (down 6.0%) and GODREJ PROPERTIES (down 8.1%).

PHOENIX MILL (up 5.5%) is among the top gainer today.

Over the last one year, OBEROI REALTY has moved up from Rs 423 to Rs 456, registering a gain of Rs 33 (up 7.8%)..

The BSE REALTY has moved down from 2,221 to 2,027, loss of 194 points (down 8.7%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 28.4%), OMAXE LTD (up 9.0%) and DLF LTD (up 4.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.7%). The top gainers among the BSE Sensex stocks today are ONGC (up 2.5%), TCS (up 1.6%) and ITC LTD (up 1.4%). Other gainers include POWER GRID (up 1.3%) and ASIAN PAINTS (up 1.1%). The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.

In the meantime, NSE Nifty is at 11,347 (down 0.5%). BHARTI INFRATEL (up 4.0%) and BPCL (up 3.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.8%).



This article (OBEROI REALTY Plunges by 6%; BSE REALTY Index Down 3.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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IPCA LABS share price has plunged 6% and is presently trading at Rs 755.

Meanwhile, the BSE HEALTHCARE Index is at 16,043 (down 1.8%).

Among the top losers in the BSE HEALTHCARE Index today are IPCA LABS (down 5.9%) and PIRAMAL ENTERPRISES (down 5.3%).

SANOFI INDIA (up 3.8%) and ERIS LIFESCIENCES LIMITED (up 3.6%) are among the top gainers today.

Over the last one year, IPCA LABS has moved up from Rs 490 to Rs 755, registering a gain of Rs 265 (up 54.1%)..

The BSE HEALTHCARE has moved up from 13,745 to 16,043, registering a gain of 2,298 points (up 16.7%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 98.2%), BIOCON LTD (up 87.7%) and PFIZER (up 76.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.7%). The top gainers among the BSE Sensex stocks today are ONGC (up 2.5%), TCS (up 1.6%) and ITC LTD (up 1.4%). Other gainers include POWER GRID (up 1.3%) and ASIAN PAINTS (up 1.1%). The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.

In the meantime, NSE Nifty is at 11,347 (down 0.5%). BHARTI INFRATEL (up 4.0%) and BPCL (up 3.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.8%).

IPCA LABS Financial Update...

IPCA LABS net profit down at Rs 655 million for the quarter ended June 2018, compared to a loss of Rs 1 billion a year ago. Net Sales declined 0.6% to Rs 8.5 billion during the period as against Rs 8.6 billion in April-June 2017.

For the year ended March 2018, IPCA LABS reported 23.1% increase in net profit to Rs 2.4 billion compared to net profit of Rs 1.9 billion during FY17.

Revenue of the company grew 2.2% to Rs 33 billion during FY18.

The current Price to earnings ratio of IPCA LABS, based on rolling 12 month earnings, stands at 27.9x.

This article (IPCA LABS Plunges by 6%; BSE HEALTHCARE Index Down 1.8%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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VA TECH WABAG share price has zoomed 5% and is presently trading at Rs 394.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,365 (down 0.3%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is VA TECH WABAG (up 5.3%).

GRAPHITE INDIA (down 0.2%) and NBCC (INDIA) LTD (down 0.3%) are among the top losers today.

Over the last one year, VA TECH WABAG has moved down from Rs 641 to Rs 394, registering a loss of Rs 247 (down 39.3%).

On the other hand, the BSE CAPITAL GOODS has moved up from 18,354 to 18,365, registering a gain of 11 points (up -1.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were GRAPHITE INDIA (up 156.1%), AIA ENGINEERING (up 33.9%) and HAVELLS IND (up 24.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.7%).

The top gainers among the BSE Sensex stocks today are ONGC (up 2.5%), TCS (up 1.6%) and ITC LTD (up 1.4%). Other gainers include POWER GRID (up 1.3%) and ASIAN PAINTS (up 1.1%). The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.

In the meantime, NSE Nifty is at 11,347 (down 0.5%). BHARTI INFRATEL (up 4.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.8%).

VA TECH WABAG Financial Update...

VA TECH WABAG net profit down at Rs 126 million for the quarter ended June 2018, compared to a loss of Rs 351 million a year ago. Net Sales declined 20.5% to Rs 6.9 billion during the period as against Rs 8.6 billion in April-June 2017.

For the year ended March 2018, VA TECH WABAG reported 14.8% decrease in net profit to Rs 1.4 billion compared to net profit of Rs 1.7 billion during FY17.

Revenue of the company grew 7.8% to Rs 35 billion during FY18.

The current Price to earnings ratio of VA TECH WABAG, based on rolling 12 month earnings, stands at 14.5x.

This article (VA TECH WABAG Surges by 5%; BSE CAPITAL GOODS Index Down 0.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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The BSE BANKEX Index has plunged 3% to 29,835.

Among the top losers in the BSE BANKEX Index today are YES BANK (down 28.1%), PNB (down 7.7%) and BANK OF BARODA (down 4.0%). Other losers include KOTAK MAH. BANK (down 3.8%) and INDUSIND BANK (down 2.8%).

HDFC BANK (up 0.5%) is among the top gainer today.

In the meantime, the NIFTY BANK has plunged 2.3% to 26,490.

The top losers in the NIFTY BANK include YES BANK (down 29.4%), CENTRAL BANK (down 19.9%) and J&K BANK (down 9.6%). Other losers include VIJAYA BANK (down 8.1%) and PNB (down 7.6%).

Over the last one year, the BSE BANKEX Index has moved up from 28,213 to 29,835, registering a gain of Rs 1,622 (up 5.7%).

The top losers among the BSE BANKEX during this same period were PNB (down 49.2%), YES BANK (down 38.6%) and FEDERAL BANK (down 38.1%).

What about the Benchmark Indices?

Meanwhile, the BSE Sensex has plunged 0.8% to 37,489.

Among the top gainers in the BSE Sensex today are ONGC (up 2.2%), TCS (up 1.5%) and ITC LTD (up 1.4%). Other gainers include ASIAN PAINTS (up 1.2%) and M&M (up 1.2%).

The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.

In the meantime, the NSE Nifty is at 11,347 (down 0.5%).



This article (The BSE BANKEX Index Down 3% ; YES BANK Among Top Losers) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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TCS share price has hit a 52-week high at Rs 2,108 (up 1.5%).

Meanwhile, the BSE 500 Index is at 15,275 (down 1.3%).

Among the top gainers in the BSE 500 Index today are TCS (up 1.5%) and OIL INDIA LTD. (up 5.7%).

DEWAN H.FIN. (down 42.5%) and YES BANK (down 28.1%) are among the top losers today.

Over the last one year, TCS has moved up from Rs 1,249 to Rs 2,108, registering a gain of Rs 859 (up 68.69%).

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 5.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 326.4%), L&T INFOTECH LTD (up 141.8%) and L&T TECHONOLOGY SERVICES (up 116.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.8%). The top gainers among the BSE Sensex stocks today are ONGC (up 2.2%), TCS (up 1.5%) and ITC LTD (up 1.4%). Other gainers include ASIAN PAINTS (up 1.2%) and M&M (up 1.2%). The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.

In the meantime, NSE Nifty is at 11,347 (down 0.5%). BHARTI INFRATEL (up 4.0%) and BPCL (up 3.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.6%).

TCS Financial Update...

TCS net profit stood at Rs 74 billion for the quarter ended June 2018, compared to a profit of Rs 65 billion a year ago. Net Sales rose 10.9% to Rs 342.6 billion during the period as against Rs 309.0 billion in April-June 2017.

For the year ended March 2018, TCS reported 1.8% decrease in net profit to Rs 258.8 billion compared to net profit of Rs 263.6 billion during FY17.

Revenue of the company grew 4.4% to Rs 1,231 billion during FY18.

The current Price to earnings ratio of TCS, based on rolling 12 month earnings, stands at 14.8x.

This article (TCS at 52 Week High; BSE 500 Index Down 1.3 %) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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COX & KINGS share price has plunged 5% and is presently trading at Rs 213.

Meanwhile, the BSE 500 Index is at 15,275 (down 1.3%).

Among the top losers in the BSE 500 Index today are COX & KINGS (down 5.2%) and BOMBAY BURMAH (down 8.8%).

PHOENIX MILL (up 5.9%) and OIL INDIA LTD. (up 5.3%) are among the top gainers today.

Over the last one year, COX & KINGS has moved down from Rs 272 to Rs 213, registering a loss of Rs 59 (down 21.8%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 327.9%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 155.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.7%). The top gainers among the BSE Sensex stocks today are ONGC (up 1.9%), ITC LTD (up 1.3%) and TCS (up 1.1%). Other gainers include ASIAN PAINTS (up 1.0%) and M&M (up 0.9%). The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.

In the meantime, NSE Nifty is at 11,347 (down 0.8%). BHARTI INFRATEL (up 4.0%) and IOC (up 3.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.7%).

COX & KINGS Financial Update...

COX & KINGS net profit stood at Rs 1 billion for the quarter ended June 2018, compared to a profit of Rs 775 million a year ago. Net Sales rose 62.0% to Rs 21.8 billion during the period as against Rs 13.5 billion in April-June 2017.

For the year ended March 2017, COX & KINGS reported 29.6% decrease in net profit to Rs 2.3 billion compared to net profit of Rs 3.3 billion during FY16.

Revenue of the company grew 4.4% to Rs 72 billion during FY17.

The current Price to earnings ratio of COX & KINGS, based on rolling 12 month earnings, stands at 8.8x.

This article (COX & KINGS Plunges by 5%; BSE 500 Index Down 1.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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OIL INDIA LTD. share price has zoomed 5% and is presently trading at Rs 219.

Meanwhile, the BSE OIL & GAS Index is at 15,120 (up 1.6%).

Among the top Gainers in the BSE OIL & GAS Index today is OIL INDIA LTD. (up 5.3%).

CASTROL INDIA (down 0.2%) and INDRAPRASTHA GAS (down 2.5%) are among the top losers today.

Over the last one year, OIL INDIA LTD. has moved down from Rs 220 to Rs 219, registering a loss of Rs 1 (down 0.3%).

On the other hand, the BSE OIL & GAS has moved down from 15,395 to 15,120, loss of 275 points (down 2.2%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 44.7%), GAIL (up 23.6%) and ONGC (up 8.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.7%).

The top gainers among the BSE Sensex stocks today are ONGC (up 1.9%), ITC LTD (up 1.3%) and TCS (up 1.1%). Other gainers include ASIAN PAINTS (up 1.0%) and M&M (up 0.9%). The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.

In the meantime, NSE Nifty is at 11,347 (down 0.8%). BHARTI INFRATEL (up 4.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.7%).



This article (OIL INDIA LTD. Surges by 5%; BSE OIL & GAS Index Up 1.6%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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BIRLA CORP share price has plunged 6% and is presently trading at Rs 731.

Meanwhile, the BSE 500 Index is at 15,275 (down 1.3%).

Among the top losers in the BSE 500 Index today are BIRLA CORP (down 5.7%) and BOMBAY BURMAH (down 8.8%).

PHOENIX MILL (up 5.9%) and OIL INDIA LTD. (up 5.3%) are among the top gainers today.

Over the last one year, BIRLA CORP has moved down from Rs 960 to Rs 731, registering a loss of Rs 229 (down 23.8%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 327.9%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 155.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.7%). The top gainers among the BSE Sensex stocks today are ONGC (up 1.9%), ITC LTD (up 1.3%) and TCS (up 1.1%). Other gainers include ASIAN PAINTS (up 1.0%) and M&M (up 0.9%). The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.

In the meantime, NSE Nifty is at 11,347 (down 0.8%). BHARTI INFRATEL (up 4.0%) and IOC (up 3.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.7%).

BIRLA CORP Financial Update...

BIRLA CORP net profit declined 484.0% YoY to Rs 839 million for the quarter ended June 2018, compared to a loss of Rs 218 million a year ago. Net Sales rose 19.2% to Rs 16.6 billion during the period as against Rs 13.9 billion in April-June 2017.

For the year ended March 2018, BIRLA CORP reported 26.5% decrease in net profit to Rs 1.7 billion compared to net profit of Rs 2.3 billion during FY17.

Revenue of the company grew 19.3% to Rs 59 billion during FY18.

The current Price to earnings ratio of BIRLA CORP, based on rolling 12 month earnings, stands at 27.1x.

This article (BIRLA CORP Plunges by 6%; BSE 500 Index Down 1.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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PARAG MILK FOODS LTD share price has plunged 6% and is presently trading at Rs 274.

Meanwhile, the BSE 500 Index is at 15,275 (down 1.3%).

Among the top losers in the BSE 500 Index today are PARAG MILK FOODS LTD (down 5.8%) and BAJAJ FINANCE (down 5.3%).

ERIS LIFESCIENCES LIMITED (up 4.7%) and PHOENIX MILL (up 4.6%) are among the top gainers today.

Over the last one year, PARAG MILK FOODS LTD has moved up from Rs 247 to Rs 274, registering a gain of Rs 26 (up 10.7%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 323.2%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 155.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.8%). The top gainers among the BSE Sensex stocks today are ONGC (up 1.5%), ITC LTD (up 1.4%) and M&M (up 1.0%). Other gainers include ASIAN PAINTS (up 0.9%) and POWER GRID (up 0.9%). The most traded stocks in the BSE Sensex are VEDANTA LTD and ONGC.

In the meantime, NSE Nifty is at 11,347 (down 0.8%). BHARTI INFRATEL (up 4.0%) and BPCL (up 3.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.6%).



This article (PARAG MILK FOODS LTD Plunges by 6%; BSE 500 Index Down 1.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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HIND. CONSTRUCTION share price has plunged 11% and is presently trading at Rs 14.

Meanwhile, the BSE REALTY Index is at 2,027 (down 3.7%).

Among the top losers in the BSE REALTY Index today are HIND. CONSTRUCTION (down 10.8%) and INDIABULLS REAL EST (down 14.8%).

PHOENIX MILL (up 0.4%) and SOBHA LIMITED (up 0.1%) are among the top gainers today.

Over the last one year, HIND. CONSTRUCTION has moved down from Rs 38 to Rs 14, registering a loss of Rs 24 (down 62.3%)..

The BSE REALTY has moved down from 2,221 to 2,027, loss of 194 points (down 8.7%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 22.2%), OMAXE LTD (up 9.1%) and OBEROI REALTY (up 6.1%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.9%). The top gainers among the BSE Sensex stocks today are ITC LTD (up 1.1%), RELIANCE IND. (up 1.0%) and ONGC (up 0.8%). Other gainers include NTPC (up 0.6%) and HERO MOTOCORP (up 0.5%). The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.

In the meantime, NSE Nifty is at 11,347 (down 1.1%). IOC (up 2.1%) and HINDALCO (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.5%).

HIND. CONSTRUCTION Financial Update...

HIND. CONSTRUCTION net profit down at Rs 197 million for the quarter ended June 2018, compared to a loss of Rs 313 million a year ago. Net Sales declined 24.2% to Rs 9.3 billion during the period as against Rs 12.3 billion in April-June 2017.

For the year ended March 2017, HIND. CONSTRUCTION reported 109.7% increase in net profit to Rs 8.9 billion compared to net profit of Rs 4.2 billion during FY16.

Revenue of the company grew 15.5% to Rs 99 billion during FY17.

The current Price to earnings ratio of HIND. CONSTRUCTION, based on rolling 12 month earnings, stands at 29.0x.

This article (HIND. CONSTRUCTION Plunges by 11%; BSE REALTY Index Down 3.7%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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ZENSAR TECHNOLOGIES share price has plunged 5% and is presently trading at Rs 293.

Meanwhile, the BSE IT Index is at 15,635 (down 1.5%).

Among the top losers in the BSE IT Index today are ZENSAR TECHNOLOGIES (down 5.4%) and SONATA SOFTWARE (down 7.2%).

ECLERX SERVICES (up 2.0%) and CYIENT LTD (up 0.8%) are among the top gainers today.

Over the last one year, ZENSAR TECHNOLOGIES has moved up from Rs 150 to Rs 293, registering a gain of Rs 143 (up 95.1%)..

The BSE IT has moved up from 10,121 to 15,635, registering a gain of 5,514 points (up 54.5%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 148.2%), SONATA SOFTWARE (up 147.4%) and L&T INFOTECH LTD (up 133.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.7%). The top gainers among the BSE Sensex stocks today are ITC LTD (up 1.2%), RELIANCE IND. (up 1.1%) and AXIS BANK (up 0.9%). Other gainers include ONGC (up 0.8%) and HERO MOTOCORP (up 0.7%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 11,347 (down 1.1%). IOC (up 1.8%) and HINDALCO (up 1.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.8%).

ZENSAR TECHNOLOGIES Financial Update...

ZENSAR TECHNOLOGIES net profit stood at Rs 839 million for the quarter ended June 2018, compared to a profit of Rs 602 million a year ago. Net Sales rose 14.0% to Rs 9.0 billion during the period as against Rs 7.9 billion in April-June 2017.

For the year ended March 2018, ZENSAR TECHNOLOGIES reported 3.4% increase in net profit to Rs 2.5 billion compared to net profit of Rs 2.4 billion during FY17.

Revenue of the company grew 1.7% to Rs 31 billion during FY18.

The current Price to earnings ratio of ZENSAR TECHNOLOGIES, based on rolling 12 month earnings, stands at 4.4x.

This article (ZENSAR TECHNOLOGIES Plunges by 5%; BSE IT Index Down 1.5%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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WOCKHARDT LTD. share price has plunged 6% and is presently trading at Rs 639.

Meanwhile, the BSE HEALTHCARE Index is at 16,043 (down 1.5%).

Among the top losers in the BSE HEALTHCARE Index today are WOCKHARDT LTD. (down 6.4%) and SUVEN LIFE (down 5.2%).

BIOCON LTD (up 1.2%) and SANOFI INDIA (up 1.1%) are among the top gainers today.

Over the last one year, WOCKHARDT LTD. has moved down from Rs 646 to Rs 639, registering a loss of Rs 7 (down 1.0%)..

The BSE HEALTHCARE has moved up from 13,745 to 16,043, registering a gain of 2,298 points (up 16.7%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 98.8%), BIOCON LTD (up 88.5%) and PFIZER (up 71.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.7%). The top gainers among the BSE Sensex stocks today are ITC LTD (up 1.2%), RELIANCE IND. (up 1.1%) and AXIS BANK (up 0.9%). Other gainers include ONGC (up 0.8%) and HERO MOTOCORP (up 0.7%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 11,347 (down 1.1%). IOC (up 1.8%) and HINDALCO (up 1.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.8%).

WOCKHARDT LTD. Financial Update...

WOCKHARDT LTD. net profit down at Rs 862 million for the quarter ended June 2018, compared to a loss of Rs 426 million a year ago. Net Sales rose 0.2% to Rs 10.1 billion during the period as against Rs 10.1 billion in April-June 2017.

For the year ended March 2018, WOCKHARDT LTD. reported 36.6% increase in net profit to Rs 3.1 billion compared to net profit of Rs 2.3 billion during FY17.

Revenue of the company grew 1.9% to Rs 39 billion during FY18.

The current Price to earnings ratio of WOCKHARDT LTD., based on rolling 12 month earnings, stands at down 22.5x.

This article (WOCKHARDT LTD. Plunges by 6%; BSE HEALTHCARE Index Down 1.5%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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SHANKARA BUILDING PRODUCTS LTD share price has plunged 7% and is presently trading at Rs 1,293.

Meanwhile, the BSE REALTY Index is at 2,027 (down 3.5%).

Among the top losers in the BSE REALTY Index today are SHANKARA BUILDING PRODUCTS LTD (down 7.0%) and GODREJ PROPERTIES (down 5.8%).

SOBHA LIMITED (up 0.5%) and PHOENIX MILL (up 0.4%) are among the top gainers today.

Over the last one year, SHANKARA BUILDING PRODUCTS LTD has moved down from Rs 1,433 to Rs 1,293, registering a loss of Rs 140 (down 9.8%)..

The BSE REALTY has moved down from 2,221 to 2,027, loss of 194 points (down 8.7%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 22.2%), OMAXE LTD (up 9.1%) and OBEROI REALTY (up 5.9%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.7%). The top gainers among the BSE Sensex stocks today are ITC LTD (up 1.2%), RELIANCE IND. (up 1.1%) and AXIS BANK (up 0.9%). Other gainers include ONGC (up 0.8%) and HERO MOTOCORP (up 0.7%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 11,347 (down 1.1%). IOC (up 1.8%) and HINDALCO (up 1.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.8%).



This article (SHANKARA BUILDING PRODUCTS LTD Plunges by 7%; BSE REALTY Index Down 3.5%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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JM FINANCIAL share price has plunged 10% and is presently trading at Rs 112.

Meanwhile, the BSE 500 Index is at 15,275 (down 1.2%).

Among the top losers in the BSE 500 Index today are JM FINANCIAL (down 10.2%) and DEWAN H.FIN. (down 35.0%).

OIL INDIA LTD. (up 3.6%) and ENTERTAINMENT NETWORK (up 3.0%) are among the top gainers today.

Over the last one year, JM FINANCIAL has moved down from Rs 148 to Rs 112, registering a loss of Rs 36 (down 24.4%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 319.3%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 155.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.6%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.3%), AXIS BANK (up 1.1%) and RELIANCE IND. (up 1.1%). Other gainers include ONGC (up 0.8%) and HERO MOTOCORP (up 0.8%). The most traded stocks in the BSE Sensex are SBI and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,347 (down 0.8%). IOC (up 1.9%) and ITC LTD (up 1.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.9%).



This article (JM FINANCIAL Plunges by 10%; BSE 500 Index Down 1.2%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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Stock markets in India�plunged in the afternoon session today. The BSE Sensex recovered after tanking 1,000 points in intra-day deals.

The fall came on the back of a sharp correction in NBFC and housing finance stocks. Dewan Housing Finance Corporation (DHFL) skidded over 50% fearing liquidity crisis. The management, however, assauged investor concerns, and said the company has not defaulted on any repayments.

The selloff was so intense that the Sensex crashed over 800 points within a matter of minutes. The recovery was equally swift as the BSE immediately recovered over 700 points.

Financial stocks took a big beating. DHFL, Indiabulls Housing Finance and Can Fin Homes all plunged up to 55%.

Presently, the BSE Sensex is trading down by 240 points and the NSE Nifty is trading down by 99 points.

Among the sectoral indices, automobiles, banks, FMCG, infra, metals and pharmaceuticals are all seeing a selloff.

Broader markets too took a battering as BSE Midcap and BSE Smallcap indices dropped nearly 6% each. However, both the indices recovered significantly and were trading up to 3.5% down at the time of writing.

Note that, the Indian share markets started on a positive note on Friday following lower crude oil prices, a sharp recovery in Indian rupee value vs US dollar.

To know what's moving the Indian stock markets today, check out the most recent�share market updates here.



This article (Sensex Recovers after Crashing Over 1000 Points; DHFL Tanks 50%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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WOCKHARDT LTD. share price has plunged 6% and is presently trading at Rs 639.

Meanwhile, the BSE HEALTHCARE Index is at 16,043 (down 1.5%).

Among the top losers in the BSE HEALTHCARE Index today are WOCKHARDT LTD. (down 6.4%) and SHILPA MEDICARE (down 5.2%).

BIOCON LTD (up 1.2%) and SYNGENE INTERNATIONAL (up 1.0%) are among the top gainers today.

Over the last one year, WOCKHARDT LTD. has moved down from Rs 646 to Rs 639, registering a loss of Rs 7 (down 1.0%)..

The BSE HEALTHCARE has moved up from 13,745 to 16,043, registering a gain of 2,298 points (up 16.7%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 96.6%), BIOCON LTD (up 88.5%) and PFIZER (up 73.0%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.6%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.7%), AXIS BANK (up 1.6%) and ITC LTD (up 1.4%). Other gainers include RELIANCE IND. (up 1.2%) and ONGC (up 1.1%). The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, NSE Nifty is at 11,347 (down 0.8%). IOC (up 2.2%) and AXIS BANK (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.9%).

WOCKHARDT LTD. Financial Update...

WOCKHARDT LTD. net profit down at Rs 862 million for the quarter ended June 2018, compared to a loss of Rs 426 million a year ago. Net Sales rose 0.2% to Rs 10.1 billion during the period as against Rs 10.1 billion in April-June 2017.

For the year ended March 2018, WOCKHARDT LTD. reported 36.6% increase in net profit to Rs 3.1 billion compared to net profit of Rs 2.3 billion during FY17.

Revenue of the company grew 1.9% to Rs 39 billion during FY18.

The current Price to earnings ratio of WOCKHARDT LTD., based on rolling 12 month earnings, stands at down 22.5x.

This article (WOCKHARDT LTD. Plunges by 6%; BSE HEALTHCARE Index Down 1.5%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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VIJAYA BANK share price has plunged 6% and is presently trading at Rs 54.

Meanwhile, the BSE BANKEX Index is at 29,835 (down 1.6%).

Among the top losers in the BSE BANKEX Index today are VIJAYA BANK (down 6.5%) and PNB (down 5.8%).

AXIS BANK (up 1.6%) and ICICI BANK (up 0.7%) are among the top gainers today.

Over the last one year, VIJAYA BANK has moved down from Rs 62 to Rs 54, registering a loss of Rs 8 (down 13.4%)..

The BSE BANKEX has moved up from 28,213 to 29,835, registering a gain of 1,622 points (up 5.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 18.8%), KOTAK MAH. BANK (up 17.2%) and ICICI BANK (up 9.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.6%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.7%), AXIS BANK (up 1.6%) and ITC LTD (up 1.4%). Other gainers include RELIANCE IND. (up 1.2%) and ONGC (up 1.1%). The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, NSE Nifty is at 11,347 (down 0.8%). IOC (up 2.2%) and AXIS BANK (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.9%).

VIJAYA BANK Financial Update...

VIJAYA BANK net profit stood at Rs 1 billion for the quarter ended June 2018, compared to a profit of Rs 796 million a year ago. Operating income rose 12.0% to Rs 35.1 billion during the period as against Rs 31.4 billion in April-June 2017.

For the year ended March 2018, VIJAYA BANK reported 3.1% decrease in net profit to Rs 7.3 billion compared to net profit of Rs 7.5 billion during FY17.

Revenue of the company grew 1.7% to Rs 126 billion during FY18.

The current Price to earnings ratio of VIJAYA BANK, based on rolling 12 month earnings, stands at 10.4x.

This article (VIJAYA BANK Plunges by 6%; BSE BANKEX Index Down 1.6%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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TITAGARH WAGONS share price has plunged 6% and is presently trading at Rs 86.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,365 (down 0.7%).

Among the top losers in the BSE CAPITAL GOODS Index today are TITAGARH WAGONS (down 6.2%) and SUZLON ENERGY (down 5.7%).

CARBORUNDUM UNIVERSAL (up 1.1%) and HAVELLS IND (up 0.8%) are among the top gainers today.

Over the last one year, TITAGARH WAGONS has moved down from Rs 118 to Rs 86, registering a loss of Rs 32 (down 26.8%)..

The BSE CAPITAL GOODS has moved up from 18,354 to 18,365, registering a gain of 11 points (up 0.1%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were GRAPHITE INDIA (up 155.2%), AIA ENGINEERING (up 28.6%) and HAVELLS IND (up 27.1%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.6%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.7%), AXIS BANK (up 1.6%) and ITC LTD (up 1.4%). Other gainers include RELIANCE IND. (up 1.2%) and ONGC (up 1.1%). The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, NSE Nifty is at 11,347 (down 0.8%). IOC (up 2.2%) and AXIS BANK (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.9%).

TITAGARH WAGONS Financial Update...

TITAGARH WAGONS net profit down at Rs 22 million for the quarter ended June 2018, compared to a loss of Rs 39 million a year ago. Net Sales rose 51.2% to Rs 1.3 billion during the period as against Rs 872.0 million in April-June 2017.

For the year ended March 2017, TITAGARH WAGONS reported 2286.6% increase in net profit to Rs 320.0 million compared to net profit of Rs 13.0 million during FY16.

Revenue of the company grew 78.4% to Rs 17 billion during FY17.

The current Price to earnings ratio of TITAGARH WAGONS, based on rolling 12 month earnings, stands at 500.9x.

This article (TITAGARH WAGONS Plunges by 6%; BSE CAPITAL GOODS Index Down 0.7%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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The BSE REALTY Index has plunged 3% to 2,027.

Among the top losers in the BSE REALTY Index today are INDIABULLS REAL EST (down 10.1%), GODREJ PROPERTIES (down 6.2%) and HOUSING DEV. INFRA (down 5.7%). Other losers include PRESTIGE ESTATES (down 4.1%) and PHOENIX MILL (down 2.9%).

SOBHA LIMITED (up 0.3%) and OMAXE LTD (up 0.2%) are among the top gainers today.

In the meantime, the NIFTY REALTY has plunged 3.2% to 261.

The top losers in the NIFTY REALTY include GPT INFRA (down 20.0%), LANCO INFRATECH (down 14.3%) and IL&FS TRANSPORTATION (down 14.0%). Other losers include KARDA CONSTRUCTIONS LTD (down 13.1%) and JAIPRAKASH ASSO. (down 11.1%).

Over the last one year, the BSE REALTY Index has moved down from 2,221 to 2,027, loss of Rs 194 (down 8.7%).

The top losers among the BSE REALTY during this same period were HOUSING DEV. INFRA (down 57.7%), UNITECH (down 57.3%) and INDIABULLS REAL EST (down 49.5%).

What about the Benchmark Indices?

Meanwhile, the BSE Sensex has plunged 0.6% to 37,489.

Among the top gainers in the BSE Sensex today are NTPC (up 1.7%), AXIS BANK (up 1.6%) and ITC LTD (up 1.4%). Other gainers include RELIANCE IND. (up 1.2%) and ONGC (up 1.1%).

The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, the NSE Nifty is at 11,347 (down 0.8%).



This article (The BSE REALTY Index Down 3% ; INDIABULLS REAL EST Among Top Losers) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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GHCL LTD. share price has plunged 6% and is presently trading at Rs 255.

Meanwhile, the BSE 500 Index is at 15,275 (down 1.2%).

Among the top losers in the BSE 500 Index today are GHCL LTD. (down 6.3%) and FORCE MOTORS (down 8.2%).

OIL INDIA LTD. (up 4.3%) and ENTERTAINMENT NETWORK (up 3.0%) are among the top gainers today.

Over the last one year, GHCL LTD. has moved up from Rs 230 to Rs 255, registering a gain of Rs 25 (up 10.7%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 316.6%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 154.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.4%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.5%), RELIANCE IND. (up 1.4%) and AXIS BANK (up 1.3%). Other gainers include ITC LTD (up 1.3%) and ONGC (up 1.1%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 11,347 (down 0.6%). IOC (up 2.2%) and BHARTI INFRATEL (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 14.1%).

GHCL LTD. Financial Update...

GHCL LTD. net profit down at Rs 616 million for the quarter ended June 2018, compared to a loss of Rs 712 million a year ago. Net Sales rose 5.1% to Rs 7.5 billion during the period as against Rs 7.2 billion in April-June 2017.

For the year ended March 2018, GHCL LTD. reported 7.0% decrease in net profit to Rs 3.6 billion compared to net profit of Rs 3.8 billion during FY17.

Revenue of the company grew 0.7% to Rs 30 billion during FY18.

The current Price to earnings ratio of GHCL LTD., based on rolling 12 month earnings, stands at 8.6x.

This article (GHCL LTD. Plunges by 6%; BSE 500 Index Down 1.2%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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The BSE HEALTHCARE Index has plunged 2% to 16,043.

Among the top losers in the BSE HEALTHCARE Index today are VIVIMED LABS LTD (down 9.3%), LINCOLN PHAR (down 8.5%) and INDOCO REMEDIES (down 8.0%). Other losers include RPG LIFE SCIENCES (down 7.2%) and WOCKHARDT LTD. (down 6.4%).

BIOCON LTD (up 1.1%) and SANOFI INDIA (up 0.9%) are among the top gainers today.

In the meantime, the NIFTY PHARMA has plunged 1.4% to 10,605.

The top losers in the NIFTY PHARMA include JHS SVENDGAARD (down 10.7%), PANCHSHEEL ORG (down 9.2%) and VIVIMED LABS LTD (down 8.9%). Other losers include ALBERT DAVID (down 8.0%) and IND SWIFT LA (down 7.9%).

Over the last one year, the BSE HEALTHCARE Index has moved up from 13,745 to 16,043, registering a gain of Rs 2,298 (up 16.7%).

The top losers among the BSE HEALTHCARE during this same period were VIVIMED LABS LTD (down 52.9%), MANGALAM DRUGS (down 48.7%) and CAPLIN POINT (down 36.0%).

What about the Benchmark Indices?

Meanwhile, the BSE Sensex has plunged 0.7% to 37,489.

Among the top gainers in the BSE Sensex today are NTPC (up 1.7%), ITC LTD (up 1.3%) and ONGC (up 1.3%). Other gainers include RELIANCE IND. (up 0.9%) and AXIS BANK (up 0.7%).

The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, the NSE Nifty is at 11,347 (down 0.6%).



This article (The BSE HEALTHCARE Index Down 2% ; VIVIMED LABS LTD Among Top Losers) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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SREI INFRA FINANCE share price has plunged 10% and is presently trading at Rs 48.

Meanwhile, the BSE 500 Index is at 15,275 (down 1.3%).

Among the top losers in the BSE 500 Index today are SREI INFRA FINANCE (down 10.2%) and INDIABULLS HOU. FIN. (down 10.1%).

OIL INDIA LTD. (up 4.4%) and ENTERTAINMENT NETWORK (up 3.0%) are among the top gainers today.

Over the last one year, SREI INFRA FINANCE has moved down from Rs 108 to Rs 48, registering a loss of Rs 60 (down 55.6%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 320.7%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 152.9%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.6%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.4%), ITC LTD (up 1.3%) and RELIANCE IND. (up 1.1%). Other gainers include ONGC (up 1.0%) and ICICI BANK (up 0.9%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 11,347 (down 0.8%). IOC (up 2.7%) and BHARTI INFRATEL (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.9%).



This article (SREI INFRA FINANCE Plunges by 10%; BSE 500 Index Down 1.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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REPCO HOME share price has plunged 5% and is presently trading at Rs 512.

Meanwhile, the BSE 500 Index is at 15,275 (down 1.3%).

Among the top losers in the BSE 500 Index today are REPCO HOME (down 5.1%) and MONSANTO INDIA (down 5.1%).

OIL INDIA LTD. (up 4.4%) and ENTERTAINMENT NETWORK (up 3.0%) are among the top gainers today.

Over the last one year, REPCO HOME has moved down from Rs 646 to Rs 512, registering a loss of Rs 134 (down 20.7%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 320.7%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 152.9%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.6%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.4%), ITC LTD (up 1.3%) and RELIANCE IND. (up 1.1%). Other gainers include ONGC (up 1.0%) and ICICI BANK (up 0.9%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 11,347 (down 0.8%). IOC (up 2.7%) and BHARTI INFRATEL (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.9%).

REPCO HOME Financial Update...

REPCO HOME net profit stood at Rs 609 million for the quarter ended June 2018, compared to a profit of Rs 485 million a year ago. Net Sales rose 3.4% to Rs 2.9 billion during the period as against Rs 2.8 billion in April-June 2017.

For the year ended March 2017, REPCO HOME reported 21.4% increase in net profit to Rs 1.8 billion compared to net profit of Rs 1.5 billion during FY16.

Revenue of the company grew 18.6% to Rs 10 billion during FY17.

The current Price to earnings ratio of REPCO HOME, based on rolling 12 month earnings, stands at 13.6x.

This article (REPCO HOME Plunges by 5%; BSE 500 Index Down 1.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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The BSE HEALTHCARE Index has plunged 2% to 16,043.

Among the top losers in the BSE HEALTHCARE Index today are VIVIMED LABS LTD (down 9.9%), VIMTA LABS (down 9.2%) and RPG LIFE SCIENCES (down 8.2%). Other losers include HEALTHCARE GLOBAL ENTER. (down 7.4%) and LINCOLN PHAR (down 7.3%).

MANGALAM DRUGS (up 1.7%) and POLY MEDICURE (up 0.9%) are among the top gainers today.

In the meantime, the NIFTY PHARMA has plunged 1.6% to 10,605.

The top losers in the NIFTY PHARMA include JHS SVENDGAARD (down 10.9%), PANCHSHEEL ORG (down 9.2%) and VIVIMED LABS LTD (down 9.2%). Other losers include RPG LIFE SCIENCES (down 8.7%) and KOPRAN LTD. (down 7.8%).

Over the last one year, the BSE HEALTHCARE Index has moved up from 13,745 to 16,043, registering a gain of Rs 2,298 (up 16.7%).

The top losers among the BSE HEALTHCARE during this same period were VIVIMED LABS LTD (down 53.2%), MANGALAM DRUGS (down 46.8%) and CAPLIN POINT (down 36.9%).

What about the Benchmark Indices?

Meanwhile, the BSE Sensex has plunged 0.7% to 37,489.

Among the top gainers in the BSE Sensex today are NTPC (up 1.6%), AXIS BANK (up 1.3%) and ITC LTD (up 1.2%). Other gainers include RELIANCE IND. (up 1.0%) and ICICI BANK (up 0.9%).

The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, the NSE Nifty is at 11,347 (down 0.7%).



This article (The BSE HEALTHCARE Index Down 2% ; VIVIMED LABS LTD Among Top Losers) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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After opening the day in green share markets in India�are trading on a positive note and are presently trading above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the and stocks in the witnessing maximum buying interest.

The BSE Sensex is trading up by 204 points (up 0.6%) and the NSE Nifty is trading up by 50 points (up 0.5%). Meanwhile, the BSE Mid Cap index is trading down by 0.2%, while the BSE Small Cap index is trading down by 0.8%. The rupee is trading at 71.79 to the US$.

In news from stocks in the aviation sector. The government is mulling a strategic sale of four of its subsidiaries to raise funds and help cut debt.

The potential list includes its passenger and cargo-handling business, MRO (maintenance, repair and overhaul) business, hotels and its regional airline. At the moment, only the cargo-handling business - Air India Air Transport Service (AIATSL) delivers profits for India's national airline.

Strategic sale of AIATSL, which provides ground handling services, is being planned as part of the turnaround scheme for Air India which is reeling under a debt burden of Rs 480 billion at end of March 2017.

In 2016-17, AIATSL clocked a profit of over Rs 334 million, earning Rs 6.2 billion in revenues from its handling operations. Both its revenues and profits dipped as compared to the previous year, but the company hasn't run a loss since it started operations as a separate subsidiary of Air India in 2013.

Earlier it was reported that the government was planning a relief package for the national carrier.

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As part of the plan, the government sought to reduce the airlines' costs. In addition, the government also assured the debt ridden national carrier - Air India of Rs 21 billion in the form of guaranteed borrowing from the government.

In April, the government had invited bids for a 76% stake in Air India, along with a 100% stake in subsidiary Air India Express, and 50% in Air India SATS Airport Services. However, it did not receive any bids since investors were wary of potential government interference as it would retain a 24% stake.

The government eventually dropped the plan to privatise the national carrier.

Indian Aviation Spreading its Wings


Air travel has recorded double-digit growth for 45 consecutive months, thanks to low fares, the addition of new flights/destinations, and overall growth in the economy. What's foreseeable for India's aviation traffic in 2018 is some pressure on the back of the consistent rise in crude oil prices. Last month, Brent crude oil briefly breached US$80 per barrel and touched its highest level since December 2014.

Crude prices have been driven up by production curbs in OPEC nations and Russia, as well as by robust demand on the back of healthy global economic growth. Oil prices are closely monitored by the Indian air carriers, as aviation turbine fuel is their single largest input cost. A sharp rise in the cost of fuel puts pressure on margins, and consequently an increase in air fares.

Although air travel is becoming the new normal, investors need to understand the industry dynamics before buying up aviation stocks.

Moving on to news from . is among the top losers today after the Reserve Bank of India (RBI) denied its promoter and current CEO Rana Kapoor an extension to continue his term as the bank's CEO.

While the RBI denied the three-year extension approved by the bank, it has allowed Rana Kapoor to continue as the MD & CEO till 31 January 2019.

This will be the second time when an Indian bank chief has failed to get an extension which was approved by shareholders. Earlier, Axis Bank's chief executive Shikha Sharma was denied an extension request by the RBI. Another CEO of ICICI Bank-Chanda Kocchar is being probed for alleged irregularity in loan approvals.

Rana Kapoor's leadership came into question after the RBI pointed out discrepancies in Yes Bank's non-performing assets, the difference between what the bank reported and what the banking regulator found.

On 18 April, 2017, RBI asked all banks to make suitable disclosures wherever the additional provisioning requirements assessed by the RBI exceeded 15% of the reported net profit for the reference period, or if the additional gross NPAs identified by the RBI exceeded 15% of the reported incremental gross NPAs.

At the time of writing, Yes Bank share price was trading down by 20%.



This article (Indian Indices Trade Strong; Yes Bank Tanks 20%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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BAJAJ FINSERV share price has plunged 4% and is presently trading at Rs 6,434.

Meanwhile, the BSE 500 Index is at 15,275 (down 1.6%).

Among the top losers in the BSE 500 Index today are BAJAJ FINSERV (down 4.0%) and NILKAMAL LTD. (down 10.3%).

MAHINDRA HOLIDAYS (up 5.3%) and OIL INDIA LTD. (up 3.7%) are among the top gainers today.

Over the last one year, BAJAJ FINSERV has moved up from Rs 5,636 to Rs 6,434, registering a gain of Rs 798 (up 14.2%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 311.6%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 147.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.6%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.5%), ITC LTD (up 1.3%) and ICICI BANK (up 0.6%). Other gainers include RELIANCE IND. (up 0.5%) and ASIAN PAINTS (up 0.4%). The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, NSE Nifty is at 11,347 (down 0.9%). IOC (up 2.5%) and BHARTI INFRATEL (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.8%).

BAJAJ FINSERV Financial Update...

BAJAJ FINSERV net profit stood at Rs 13 billion for the quarter ended June 2018, compared to a profit of Rs 7 billion a year ago. Net Sales rose 14.4% to Rs 87.7 billion during the period as against Rs 76.7 billion in April-June 2017.

For the year ended March 2018, BAJAJ FINSERV reported 25.8% increase in net profit to Rs 43.4 billion compared to net profit of Rs 34.5 billion during FY17.

Revenue of the company grew 34.4% to Rs 136 billion during FY18.

The current Price to earnings ratio of BAJAJ FINSERV, based on rolling 12 month earnings, stands at 28.2x.

This article (BAJAJ FINSERV Plunges by 4%; BSE 500 Index Down 1.6%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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UJJIVAN FINANCIAL SERVICES share price has plunged 5% and is presently trading at Rs 323.

Meanwhile, the BSE 500 Index is at 15,275 (down 1.6%).

Among the top losers in the BSE 500 Index today are UJJIVAN FINANCIAL SERVICES (down 5.2%) and NESTLE (down 5.6%).

OIL INDIA LTD. (up 3.7%) and ENTERTAINMENT NETWORK (up 3.0%) are among the top gainers today.

Over the last one year, UJJIVAN FINANCIAL SERVICES has moved down from Rs 358 to Rs 323, registering a loss of Rs 35 (down 9.7%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 311.6%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 147.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.6%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.5%), ITC LTD (up 1.3%) and ICICI BANK (up 0.6%). Other gainers include RELIANCE IND. (up 0.5%) and ASIAN PAINTS (up 0.4%). The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, NSE Nifty is at 11,347 (down 0.7%). BHARTI INFRATEL (up 2.5%) and IOC (up 2.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.8%).



This article (UJJIVAN FINANCIAL SERVICES Plunges by 5%; BSE 500 Index Down 1.6%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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TATA STEEL share price has plunged 2% and is presently trading at Rs 647.

Meanwhile, the BSE METAL Index is at 14,349 (down 0.8%).

Among the top losers in the BSE METAL Index today are TATA STEEL (down 1.8%) and NALCO (down 5.4%).

HINDUSTAN ZINC (up 0.2%) is among the top gainer today.

Over the last one year, TATA STEEL has moved up from Rs 645 to Rs 647, registering a gain of Rs 2 (up 0.3%)..

The BSE METAL has moved up from 13,986 to 14,349, registering a gain of 363 points (up 2.6%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JSW STEEL (up 54.8%), JINDAL STEEL & POWER (up 51.2%) and SAIL (up 21.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.6%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.5%), ITC LTD (up 1.3%) and ICICI BANK (up 0.6%). Other gainers include RELIANCE IND. (up 0.5%) and ASIAN PAINTS (up 0.4%). The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, NSE Nifty is at 11,347 (down 0.7%). BHARTI INFRATEL (up 2.5%) and IOC (up 2.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.8%).

TATA STEEL Financial Update...

TATA STEEL net profit stood at Rs 19 billion for the quarter ended June 2018, compared to a profit of Rs 11 billion a year ago. Net Sales rose 13.1% to Rs 378.3 billion during the period as against Rs 334.5 billion in April-June 2017.

For the year ended March 2018, TATA STEEL reported 101.6% increase in net profit to Rs 81.1 billion compared to net profit of Rs 40.2 billion during FY17.

Revenue of the company grew 13.3% to Rs 1,330 billion during FY18.

The current Price to earnings ratio of TATA STEEL, based on rolling 12 month earnings, stands at 3.8x.

This article (TATA STEEL Plunges by 2%; BSE METAL Index Down 0.8%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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IDEA CELLULAR share price has plunged 7% and is presently trading at Rs 46.

Meanwhile, the BSE 500 Index is at 15,275 (down 2.0%).

Among the top losers in the BSE 500 Index today are IDEA CELLULAR (down 6.9%) and BOMBAY BURMAH (down 15.5%).

MAHINDRA HOLIDAYS (up 5.3%) and OIL INDIA LTD. (up 4.1%) are among the top gainers today.

Over the last one year, IDEA CELLULAR has moved down from Rs 83 to Rs 46, registering a loss of Rs 37 (down 44.2%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 314.8%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 146.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.9%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.8%), ITC LTD (up 1.6%) and RELIANCE IND. (up 0.8%). Other gainers include ONGC (up 0.7%) and ICICI BANK (up 0.5%). The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, NSE Nifty is at 11,347 (down 0.7%). BHARTI INFRATEL (up 2.5%) and IOC (up 2.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.6%).

IDEA CELLULAR Financial Update...

IDEA CELLULAR net profit down at Rs 2 billion for the quarter ended June 2018, compared to a loss of Rs 13 billion a year ago. Net Sales declined 9.5% to Rs 58.9 billion during the period as against Rs 65.1 billion in April-June 2017.

For the year ended March 2017, IDEA CELLULAR reported 135.6% decrease in net profit to Rs 8.2 billion compared to net profit of Rs 23.1 billion during FY16.

Revenue of the company grew 1.0% to Rs 356 billion during FY17.

The current Price to earnings ratio of IDEA CELLULAR, based on rolling 12 month earnings, stands at 11.6x.

This article (IDEA CELLULAR Plunges by 7%; BSE 500 Index Down 2.0%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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MOTHERSON SUMI share price has plunged 3% and is presently trading at Rs 295.

Meanwhile, the BSE 500 Index is at 15,275 (down 2.1%).

Among the top losers in the BSE 500 Index today are MOTHERSON SUMI (down 2.9%) and 3M INDIA (down 9.2%).

OIL INDIA LTD. (up 3.4%) and ENTERTAINMENT NETWORK (up 3.0%) are among the top gainers today.

Over the last one year, MOTHERSON SUMI has moved down from Rs 342 to Rs 295, registering a loss of Rs 46 (down 13.6%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 314.8%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 143.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.6%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.7%), ITC LTD (up 1.4%) and ASIAN PAINTS (up 1.1%). Other gainers include ONGC (up 1.0%) and HERO MOTOCORP (up 0.8%). The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, NSE Nifty is at 11,347 (down 1.2%). BHARTI INFRATEL (up 2.6%) and IOC (up 2.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.9%).

MOTHERSON SUMI Financial Update...

MOTHERSON SUMI net profit stood at Rs 6 billion for the quarter ended June 2018, compared to a profit of Rs 5 billion a year ago. Net Sales rose 2.6% to Rs 147.8 billion during the period as against Rs 144.0 billion in April-June 2017.

For the year ended March 2018, MOTHERSON SUMI reported 10.2% increase in net profit to Rs 23.0 billion compared to net profit of Rs 20.9 billion during FY17.

Revenue of the company grew 31.0% to Rs 565 billion during FY18.

The current Price to earnings ratio of MOTHERSON SUMI, based on rolling 12 month earnings, stands at 24.2x.

This article (MOTHERSON SUMI Plunges by 3%; BSE 500 Index Down 2.1%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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MARUTI SUZUKI share price has plunged 4% and is presently trading at Rs 8,320.

Meanwhile, the BSE AUTO Index is at 23,797 (down 2.4%).

Among the top losers in the BSE AUTO Index today is MARUTI SUZUKI (down 3.7%).

HERO MOTOCORP (up 0.8%) is among the top gainer today.

Over the last one year, MARUTI SUZUKI has moved up from Rs 8,148 to Rs 8,320, registering a gain of Rs 172 (up 2.1%)..

The BSE AUTO has moved down from 24,939 to 23,797, loss of 1,142 points (down 4.6%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were M&M (up 44.5%), EXIDE INDUSTRIES (up 15.8%) and MRF LTD. (up 2.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.6%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.7%), ITC LTD (up 1.4%) and ASIAN PAINTS (up 1.1%). Other gainers include ONGC (up 1.0%) and HERO MOTOCORP (up 0.8%). The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, NSE Nifty is at 11,347 (down 1.2%). BHARTI INFRATEL (up 2.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 13.9%).

MARUTI SUZUKI Financial Update...

MARUTI SUZUKI net profit stood at Rs 20 billion for the quarter ended June 2018, compared to a profit of Rs 18 billion a year ago. Net Sales rose 16.5% to Rs 224.6 billion during the period as against Rs 192.8 billion in April-June 2017.

For the year ended March 2018, MARUTI SUZUKI reported 4.9% increase in net profit to Rs 78.8 billion compared to net profit of Rs 75.1 billion during FY17.

Revenue of the company grew 6.1% to Rs 820 billion during FY18.

The current Price to earnings ratio of MARUTI SUZUKI, based on rolling 12 month earnings, stands at 29.3x.

This article (MARUTI SUZUKI Plunges by 4%; BSE AUTO Index Down 2.4%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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CITY UNION BANK share price has plunged 8% and is presently trading at Rs 180.

Meanwhile, the BSE BANKEX Index is at 29,835 (down 2.9%).

Among the top losers in the BSE BANKEX Index today are CITY UNION BANK (down 7.6%) and BANK OF BARODA (down 6.8%).

Over the last one year, CITY UNION BANK has moved up from Rs 154 to Rs 180, registering a gain of Rs 26 (up 16.7%)..

The BSE BANKEX has moved up from 28,213 to 29,835, registering a gain of 1,622 points (up 5.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 14.3%), KOTAK MAH. BANK (up 13.1%) and ICICI BANK (up 7.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 1.5%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.1%), ITC LTD (up 0.6%) and ONGC (up 0.3%). The most traded stocks in the BSE Sensex are ONGC and ITC LTD.

In the meantime, NSE Nifty is at 11,347 (down 1.2%). BHARTI INFRATEL (up 2.6%) and IOC (up 2.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 12.8%).

CITY UNION BANK Financial Update...

CITY UNION BANK net profit stood at Rs 2 billion for the quarter ended June 2018, compared to a profit of Rs 2 billion a year ago. Operating income rose 2.8% to Rs 8.9 billion during the period as against Rs 8.7 billion in April-June 2017.

For the year ended March 2017, CITY UNION BANK reported 13.1% increase in net profit to Rs 5.0 billion compared to net profit of Rs 4.4 billion during FY16.

Revenue of the company grew 7.8% to Rs 32 billion during FY17.

The current Price to earnings ratio of CITY UNION BANK, based on rolling 12 month earnings, stands at 16.2x.

This article (CITY UNION BANK Plunges by 8%; BSE BANKEX Index Down 2.9%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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TATA POWER share price has plunged 9% and is presently trading at Rs 77.

Meanwhile, the BSE POWER Index is at 2,083 (down 4.0%).

Among the top losers in the BSE POWER Index today are TATA POWER (down 8.5%) and ABB INDIA LTD. (down 5.1%).

NTPC (up 0.9%) is among the top gainer today.

Over the last one year, TATA POWER has moved down from Rs 85 to Rs 77, registering a loss of Rs 8 (down 9.8%)..

The BSE POWER has moved down from 2,311 to 2,083, loss of 228 points (down 9.9%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were ADANI TRANSMISSION (up 28.6%), TORRENT POWER LTD (up 1.3%) and NTPC (up 1.0%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 2.7%). The top gainers among the BSE Sensex stocks today are ITC LTD (up 1.2%), NTPC (up 0.9%) and ONGC (up 0.4%). The most traded stocks in the BSE Sensex are ONGC and ITC LTD.

In the meantime, NSE Nifty is at 11,347 (down 1.2%). BHARTI INFRATEL (up 2.6%) and IOC (up 2.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 11.4%).

TATA POWER Financial Update...

TATA POWER net profit stood at Rs 14 billion for the quarter ended June 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 5.2% to Rs 73.1 billion during the period as against Rs 69.5 billion in April-June 2017.

For the year ended March 2018, TATA POWER reported 81.9% decrease in net profit to Rs 944.0 million compared to net profit of Rs 5.2 billion during FY17.

Revenue of the company grew 6.3% to Rs 293 billion during FY18.

The current Price to earnings ratio of TATA POWER, based on rolling 12 month earnings, stands at 5.9x.

This article (TATA POWER Plunges by 9%; BSE POWER Index Down 4.0%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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BAJAJ FINANCE share price has plunged 15% and is presently trading at Rs 2,558.

Meanwhile, the BSE 500 Index is at 15,275 (down 4.3%).

Among the top losers in the BSE 500 Index today are BAJAJ FINANCE (down 14.6%) and MRF LTD. (down 6.4%).

ENTERTAINMENT NETWORK (up 3.0%) and ICRA LTD (up 2.4%) are among the top gainers today.

Over the last one year, BAJAJ FINANCE has moved up from Rs 1,912 to Rs 2,558, registering a gain of Rs 647 (up 33.8%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 306.4%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 145.0%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 2.7%). The top gainers among the BSE Sensex stocks today are ITC LTD (up 1.2%), NTPC (up 0.9%) and ONGC (up 0.4%). The most traded stocks in the BSE Sensex are ONGC and ITC LTD.

In the meantime, NSE Nifty is at 11,347 (down 1.2%). BHARTI INFRATEL (up 2.6%) and IOC (up 2.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 11.4%).

BAJAJ FINANCE Financial Update...

BAJAJ FINANCE net profit stood at Rs 8 billion for the quarter ended June 2018, compared to a profit of Rs 8 billion a year ago. Net Sales rose 11.2% to Rs 39.4 billion during the period as against Rs 35.4 billion in April-June 2017.

For the year ended March 2018, BAJAJ FINANCE reported 45.6% increase in net profit to Rs 26.7 billion compared to net profit of Rs 18.4 billion during FY17.

Revenue of the company grew 34.9% to Rs 134 billion during FY18.

The current Price to earnings ratio of BAJAJ FINANCE, based on rolling 12 month earnings, stands at 8.5x.

This article (BAJAJ FINANCE Plunges by 15%; BSE 500 Index Down 4.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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MAX FINANCIAL SERVICES LTD share price has plunged 6% and is presently trading at Rs 469.

Meanwhile, the BSE 500 Index is at 15,275 (down 3.6%).

Among the top losers in the BSE 500 Index today are MAX FINANCIAL SERVICES LTD (down 5.6%) and PAGE INDUSTRIES (down 6.4%).

ENTERTAINMENT NETWORK (up 3.0%) and ECLERX SERVICES (up 1.7%) are among the top gainers today.

Over the last one year, MAX FINANCIAL SERVICES LTD has moved down from Rs 646 to Rs 469, registering a loss of Rs 178 (down 27.5%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 312.7%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 146.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 2.0%). The top gainers among the BSE Sensex stocks today are ITC LTD (up 1.4%), NTPC (up 0.6%) and ONGC (up 0.5%). Other gainers include ASIAN PAINTS (up 0.4%) and HDFC BANK (up 0.4%). The most traded stocks in the BSE Sensex are ONGC and ITC LTD.

In the meantime, NSE Nifty is at 11,347 (down 3.2%). BHARTI INFRATEL (up 1.7%) and NTPC (up 1.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 12.2%).



This article (MAX FINANCIAL SERVICES LTD Plunges by 6%; BSE 500 Index Down 3.6%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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JK TYRE & IND share price has plunged 8% and is presently trading at Rs 114.

Meanwhile, the BSE 500 Index is at 15,275 (down 3.6%).

Among the top losers in the BSE 500 Index today are JK TYRE & IND (down 8.2%) and PAGE INDUSTRIES (down 6.4%).

ENTERTAINMENT NETWORK (up 3.0%) and ECLERX SERVICES (up 1.7%) are among the top gainers today.

Over the last one year, JK TYRE & IND has moved down from Rs 148 to Rs 114, registering a loss of Rs 34 (down 23.0%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 312.7%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 146.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 2.0%). The top gainers among the BSE Sensex stocks today are ITC LTD (up 1.4%), NTPC (up 0.6%) and ONGC (up 0.5%). Other gainers include ASIAN PAINTS (up 0.4%) and HDFC BANK (up 0.4%). The most traded stocks in the BSE Sensex are ONGC and ITC LTD.

In the meantime, NSE Nifty is at 11,347 (down 3.2%). BHARTI INFRATEL (up 1.7%) and NTPC (up 1.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 12.2%).

JK TYRE & IND Financial Update...

JK TYRE & IND net profit stood at Rs 642 million for the quarter ended June 2018, compared to a profit of Rs 113 million a year ago. Net Sales rose 14.9% to Rs 24.4 billion during the period as against Rs 21.2 billion in April-June 2017.

For the year ended March 2018, JK TYRE & IND reported 76.1% decrease in net profit to Rs 743.0 million compared to net profit of Rs 3.1 billion during FY17.

Revenue of the company grew 1.0% to Rs 84 billion during FY18.

The current Price to earnings ratio of JK TYRE & IND, based on rolling 12 month earnings, stands at 9.5x.

This article (JK TYRE & IND Plunges by 8%; BSE 500 Index Down 3.6%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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DENA BANK share price has plunged 5% and is presently trading at Rs 18.

Meanwhile, the BSE BANKEX Index is at 29,835 (down 1.3%).

Among the top losers in the BSE BANKEX Index today is DENA BANK (down 5.2%).

ICICI BANK (up 1.1%) and AXIS BANK (up 1.0%) are among the top gainers today.

Over the last one year, DENA BANK has moved down from Rs 31 to Rs 18, registering a loss of Rs 13 (down 40.4%)..

The BSE BANKEX has moved up from 28,213 to 29,835, registering a gain of 1,622 points (up 5.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 18.9%), AXIS BANK (up 18.2%) and ICICI BANK (up 10.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.4%). The top gainers among the BSE Sensex stocks today are ITC LTD (up 1.6%), ONGC (up 1.2%) and ICICI BANK (up 1.1%). Other gainers include ASIAN PAINTS (up 1.1%) and AXIS BANK (up 1.0%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 11,347 (down 0.7%). IOC (up 2.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 14.1%).

DENA BANK Financial Update...

DENA BANK net profit down at Rs 7 billion for the quarter ended June 2018, compared to a loss of Rs 4 billion a year ago. Operating income declined 0.5% to Rs 22.5 billion during the period as against Rs 22.6 billion in April-June 2017.

For the year ended March 2018, DENA BANK reported 122.7% increase in net profit to Rs 19.2 billion compared to net profit of Rs 8.6 billion during FY17.

Revenue of the company grew 12.3% to Rs 89 billion during FY18.

The current Price to earnings ratio of DENA BANK, based on rolling 12 month earnings, stands at down 1.6x.

This article (DENA BANK Plunges by 5%; BSE BANKEX Index Down 1.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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BALRAMPUR CHINI share price has plunged 10% and is presently trading at Rs 89.

Meanwhile, the BSE 500 Index is at 15,275 (down 1.1%).

Among the top losers in the BSE 500 Index today are BALRAMPUR CHINI (down 10.5%) and INDIABULLS HOU. FIN. (down 16.7%).

PNC INFRATECH (up 3.7%) and JUST DIAL (up 3.0%) are among the top gainers today.

Over the last one year, BALRAMPUR CHINI has moved down from Rs 172 to Rs 89, registering a loss of Rs 83 (down 48.3%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 325.4%), INDIABULLS VENTURES (up 158.3%) and GRAPHITE INDIA (up 157.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.2%). The top gainers among the BSE Sensex stocks today are AXIS BANK (up 1.8%), ITC LTD (up 1.6%) and ONGC (up 1.4%). Other gainers include ICICI BANK (up 1.4%) and ASIAN PAINTS (up 1.2%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 11,347 (down 0.7%). IOC (up 2.4%) and BHARTI INFRATEL (up 1.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 14.3%).

BALRAMPUR CHINI Financial Update...

BALRAMPUR CHINI net profit stood at Rs 736 million for the quarter ended June 2018, compared to a profit of Rs 614 million a year ago. Net Sales rose 0.1% to Rs 10.0 billion during the period as against Rs 10.0 billion in April-June 2017.

For the year ended March 2018, BALRAMPUR CHINI reported 62.6% decrease in net profit to Rs 2.2 billion compared to net profit of Rs 5.9 billion during FY17.

Revenue of the company grew 20.9% to Rs 44 billion during FY18.

The current Price to earnings ratio of BALRAMPUR CHINI, based on rolling 12 month earnings, stands at 10.3x.

This article (BALRAMPUR CHINI Plunges by 10%; BSE 500 Index Down 1.1%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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IDFC BANK LTD share price has plunged 6% and is presently trading at Rs 44.

Meanwhile, the BSE BANKEX Index is at 29,835 (down 1.0%).

Among the top losers in the BSE BANKEX Index today is IDFC BANK LTD (down 5.7%).

AXIS BANK (up 1.8%) and ICICI BANK (up 1.4%) are among the top gainers today.

Over the last one year, IDFC BANK LTD has moved down from Rs 60 to Rs 44, registering a loss of Rs 16 (down 26.9%)..

The BSE BANKEX has moved up from 28,213 to 29,835, registering a gain of 1,622 points (up 5.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 19.1%), KOTAK MAH. BANK (up 18.7%) and ICICI BANK (up 10.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.2%). The top gainers among the BSE Sensex stocks today are AXIS BANK (up 1.8%), ITC LTD (up 1.6%) and ONGC (up 1.4%). Other gainers include ICICI BANK (up 1.4%) and ASIAN PAINTS (up 1.2%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 11,347 (down 0.7%). IOC (up 2.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 14.3%).

IDFC BANK LTD Financial Update...

IDFC BANK LTD net profit stood at Rs 2 billion for the quarter ended June 2018, compared to a profit of Rs 1 billion a year ago. Operating income rose 1.6% to Rs 23.2 billion during the period as against Rs 22.8 billion in April-June 2017.

For the year ended March 2018, IDFC BANK LTD reported 15.7% decrease in net profit to Rs 8.6 billion compared to net profit of Rs 10.2 billion during FY17.

Revenue of the company grew 4.7% to Rs 89 billion during FY18.

The current Price to earnings ratio of IDFC BANK LTD, based on rolling 12 month earnings, stands at 23.1x.

This article (IDFC BANK LTD Plunges by 6%; BSE BANKEX Index Down 1.0%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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SHRIRAM TRANSPORT FIN. share price has plunged 5% and is presently trading at Rs 1,212.

Meanwhile, the BSE 500 Index is at 15,275 (down 0.7%).

Among the top losers in the BSE 500 Index today are SHRIRAM TRANSPORT FIN. (down 5.5%) and INDIABULLS HOU. FIN. (down 9.8%).

JUST DIAL (up 3.8%) and AXIS BANK (up 2.6%) are among the top gainers today.

Over the last one year, SHRIRAM TRANSPORT FIN. has moved up from Rs 1,073 to Rs 1,212, registering a gain of Rs 140 (up 13.0%)..

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 323.6%), INDIABULLS VENTURES (up 166.4%) and GRAPHITE INDIA (up 157.1%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (down 0.1%). The top gainers among the BSE Sensex stocks today are AXIS BANK (up 2.6%), ITC LTD (up 1.5%) and ICICI BANK (up 1.4%). Other gainers include ONGC (up 1.2%) and RELIANCE IND. (up 1.0%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 11,347 (down 0.5%). IOC (up 2.6%) and BHARTI INFRATEL (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 14.5%).

SHRIRAM TRANSPORT FIN. Financial Update...

SHRIRAM TRANSPORT FIN. net profit stood at Rs 6 billion for the quarter ended June 2018, compared to a profit of Rs 5 billion a year ago. Net Sales rose 20.9% to Rs 37.3 billion during the period as against Rs 30.9 billion in April-June 2017.

For the year ended March 2018, SHRIRAM TRANSPORT FIN. reported 13.1% increase in net profit to Rs 14.3 billion compared to net profit of Rs 12.7 billion during FY17.

Revenue of the company grew 12.6% to Rs 123 billion during FY18.

The current Price to earnings ratio of SHRIRAM TRANSPORT FIN., based on rolling 12 month earnings, stands at 15.1x.

This article (SHRIRAM TRANSPORT FIN. Plunges by 5%; BSE 500 Index Down 0.7%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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WIPRO share price has hit a 52-week high at Rs 337 (up 1.1%).

Meanwhile, the BSE 500 Index is at 15,275 (up 0.6%).

Among the top gainers in the BSE 500 Index today are WIPRO (up 1.1%) and JUST DIAL (up 5.6%).

YES BANK (down 18.9%) and IL&FS TRANSPORTATION (down 6.9%) are among the top losers today.

Over the last one year, WIPRO has moved up from Rs 289 to Rs 337, registering a gain of Rs 48 (up 16.41%).

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 326.6%), INDIABULLS VENTURES (up 173.1%) and GRAPHITE INDIA (up 162.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (up 0.8%). The top gainers among the BSE Sensex stocks today are AXIS BANK (up 3.5%), ICICI BANK (up 3.4%) and TATA STEEL (up 2.9%). Other gainers include M&M (up 2.6%) and SBI (up 2.4%). The most traded stocks in the BSE Sensex are ONGC and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,347 (up 0.8%). AXIS BANK (up 3.6%) and ICICI BANK (up 3.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 15.5%).

WIPRO Financial Update...

WIPRO net profit stood at Rs 21 billion for the quarter ended June 2018, compared to a profit of Rs 19 billion a year ago. Net Sales rose 2.3% to Rs 139.8 billion during the period as against Rs 136.7 billion in April-June 2017.

For the year ended March 2018, WIPRO reported 6.0% decrease in net profit to Rs 80.0 billion compared to net profit of Rs 85.2 billion during FY17.

Revenue of the company grew 1.7% to Rs 545 billion during FY18.

The current Price to earnings ratio of WIPRO, based on rolling 12 month earnings, stands at 19.0x.

This article (WIPRO at 52 Week High; BSE 500 Index Up 1.0% ) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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JINDAL STEEL & POWER share price has zoomed 5% and is presently trading at Rs 245.

Meanwhile, the BSE METAL Index is at 14,349 (up 2.0%).

Among the top Gainers in the BSE METAL Index today is JINDAL STEEL & POWER (up 5.2%).

NALCO (down 0.1%) is among the top loser today.

Over the last one year, JINDAL STEEL & POWER has moved up from Rs 152 to Rs 245, registering a gain of Rs 93 (up 61.2%).

On the other hand, the BSE METAL has moved up from 13,986 to 14,349, registering a gain of 363 points (up 2.2%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JSW STEEL (up 61.8%), JINDAL STEEL & POWER (up 61.2%) and SAIL (up 28.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (up 0.7%).

The top gainers among the BSE Sensex stocks today are AXIS BANK (up 3.3%), ICICI BANK (up 3.3%) and TATA STEEL (up 3.1%). Other gainers include M&M (up 2.3%) and SBI (up 2.2%). The most traded stocks in the BSE Sensex are ONGC and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,347 (up 0.8%). AXIS BANK (up 3.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 15.4%).

JINDAL STEEL & POWER Financial Update...

JINDAL STEEL & POWER net profit down at Rs 1 billion for the quarter ended June 2018, compared to a loss of Rs 4 billion a year ago. Net Sales rose 38.2% to Rs 96.7 billion during the period as against Rs 69.9 billion in April-June 2017.

For the year ended March 2018, JINDAL STEEL & POWER reported 52.2% decrease in net profit to Rs 10.4 billion compared to net profit of Rs 21.7 billion during FY17.

Revenue of the company grew 22.0% to Rs 284 billion during FY18.

The current Price to earnings ratio of JINDAL STEEL & POWER, based on rolling 12 month earnings, stands at down 52.4x.

This article (JINDAL STEEL & POWER Surges by 5%; BSE METAL Index Up 2.0%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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YES BANK share price has plunged 20% and is presently trading at Rs 287.

Meanwhile, the BSE BANKEX Index is at 29,835 (Up 0.5%).

Among the top losers in the BSE BANKEX Index today is YES BANK (down 20.06%)

ICICI BANK (up 3.23%) and AXIS BANK (up 3.09%) are among the top gainers today.

Over the last one year, YES BANK has moved down from Rs 373 to Rs 287, registering a loss of Rs 86 (down 23.10%).

The BSE BANKEX has moved up from 28,213 to 29,835, registering a gain of 1,622 points (up 5.75%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 20.57%), KOTAK MAH. BANK (up 19.69%) and ICICI BANK (up 12.52%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (up 0.83%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.23%), AXIS BANK (up 3.09%) and TATA STEEL (up 2.80%). Other gainers include ASIAN PAINTS (up 2.28%) and M&M (up 2.16%). The most traded stocks in the BSE Sensex are ONGC and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,347 (up 0.81%). AXIS BANK (up 3.29%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 15.51%).

YES BANK Financial Update...

YES BANK net profit grew 17.0% YoY to Rs 13 billion for the quarter ended June 2018, compared to a profit of Rs 11 billion a year ago. Net Sales rose 29.7% to Rs 65.8 billion during the period as against Rs 50.7 billion in April-June 2017.

For the year ended March 2018, YES BANK reported 26.9% increase in net profit to Rs 42.2 billion compared to net profit of Rs 33.3 billion during FY17.

Revenue of the company grew 23.4% to Rs 203 billion during FY18.

The current Price to earnings ratio of YES BANK, based on rolling 12 month earnings, stands at 2.6x.

This article (YES BANK plunges by 20%; BSE BANKEX Index Up 0.5%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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GODREJ PROPERTIES share price has plunged 7% and is presently trading at Rs 629.

Meanwhile, the BSE REALTY Index is at 2,027 (Up 0.1%).

Among the top losers in the BSE REALTY Index today is GODREJ PROPERTIES (down 6.78%)

UNITECH (up 2.28%) and PRESTIGE ESTATES (up 2.05%) are among the top gainers today.

Over the last one year, GODREJ PROPERTIES has moved up from Rs 609 to Rs 629, registering a gain of Rs 20 (up 3.26%).

The BSE REALTY has moved down from 2,221 to 2,027, loss of 194 points (down 8.74%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 23.45%), OMAXE LTD (up 9.79%) and DLF LTD (up 6.57%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (up 0.83%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.23%), AXIS BANK (up 3.09%) and TATA STEEL (up 2.80%). Other gainers include ASIAN PAINTS (up 2.28%) and M&M (up 2.16%). The most traded stocks in the BSE Sensex are ONGC and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,347 (up 0.81%). AXIS BANK (up 3.29%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 15.51%).

GODREJ PROPERTIES Financial Update...

GODREJ PROPERTIES net profit grew 76.6% YoY to Rs 458 million for the quarter ended June 2018, compared to a profit of Rs 259 million a year ago. Net Sales rose 59.0% to Rs 10.0 billion during the period as against Rs 6.3 billion in April-June 2017.

For the year ended March 2018, GODREJ PROPERTIES reported 30.7% increase in net profit to Rs 2.3 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 19.3% to Rs 19 billion during FY18.

The current Price to earnings ratio of GODREJ PROPERTIES, based on rolling 12 month earnings, stands at 48.2x.

This article (GODREJ PROPERTIES plunges by 7%; BSE REALTY Index Up 0.1%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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DCM SHRIRAM share price has plunged 5% and is presently trading at Rs 477.

Meanwhile, the BSE 500 Index is at 15,275 (Up 0.7%).

Among the top losers in the BSE 500 Index today are DCM SHRIRAM (down 5.16%) and GODREJ PROPERTIES (down 6.78%)

JK LAKSHMI CEMENT (up 4.25%) and JINDAL STEEL & POWER (up 4.15%) are among the top gainers today.

Over the last one year, DCM SHRIRAM has moved up from Rs 449 to Rs 477, registering a gain of Rs 28 (up 6.12%).

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.74%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 321.75%), INDIABULLS VENTURES (up 175.38%) and SONATA SOFTWARE (up 164.20%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (up 0.83%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.23%), AXIS BANK (up 3.09%) and TATA STEEL (up 2.80%). Other gainers include ASIAN PAINTS (up 2.28%) and M&M (up 2.16%). The most traded stocks in the BSE Sensex are ONGC and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,347 (up 0.81%). AXIS BANK (up 3.29%) and ICICI BANK (up 3.27%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 15.51%).

DCM SHRIRAM Financial Update...

DCM SHRIRAM net profit grew 2.3% YoY to Rs 2 billion for the quarter ended June 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 15.9% to Rs 20.7 billion during the period as against Rs 17.8 billion in April-June 2017.

For the year ended March 2017, DCM SHRIRAM reported 83.8% increase in net profit to Rs 5.5 billion compared to net profit of Rs 3.0 billion during FY16.

Revenue of the company grew 21.6% to Rs 61 billion during FY17.

The current Price to earnings ratio of DCM SHRIRAM, based on rolling 12 month earnings, stands at 12.1x.

This article (DCM SHRIRAM plunges by 5%; BSE 500 Index Up 0.7%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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BAJAJ HIND. SUGAR share price has plunged 7% and is presently trading at Rs 12.

Meanwhile, the BSE 500 Index is at 15,275 (Up 0.7%).

Among the top losers in the BSE 500 Index today are BAJAJ HIND. SUGAR (down 6.83%) and GODREJ PROPERTIES (down 6.78%)

JK LAKSHMI CEMENT (up 4.25%) and JINDAL STEEL & POWER (up 4.15%) are among the top gainers today.

Over the last one year, BAJAJ HIND. SUGAR has moved down from Rs 15 to Rs 12, registering a loss of Rs 3 (down 19.52%).

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.74%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 321.75%), INDIABULLS VENTURES (up 175.38%) and SONATA SOFTWARE (up 164.20%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (up 0.83%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.23%), AXIS BANK (up 3.09%) and TATA STEEL (up 2.80%). Other gainers include ASIAN PAINTS (up 2.28%) and M&M (up 2.16%). The most traded stocks in the BSE Sensex are ONGC and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,347 (up 0.81%). AXIS BANK (up 3.29%) and ICICI BANK (up 3.27%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 15.51%).

BAJAJ HIND. SUGAR Financial Update...

BAJAJ HIND. SUGAR net profit declined 12.6% YoY to Rs 2 billion for the quarter ended June 2018, compared to a loss of Rs 1 billion a year ago. Net Sales rose 30.2% to Rs 14.6 billion during the period as against Rs 11.2 billion in April-June 2017.

For the year ended March 2017, BAJAJ HIND. SUGAR reported 56.7% decrease in net profit to Rs 920.0 million compared to net profit of Rs 2.1 billion during FY16.

Revenue of the company grew 5.2% to Rs 46 billion during FY17.

The current Price to earnings ratio of BAJAJ HIND. SUGAR, based on rolling 12 month earnings, stands at down 2.1x.

This article (BAJAJ HIND. SUGAR plunges by 7%; BSE 500 Index Up 0.7%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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DR. REDDYS LAB share price has hit a 52-week high at Rs 2,667 (up 2.4%).

Meanwhile, the BSE 500 Index is at 15,275 (up 0.8%).

Among the top gainers in the BSE 500 Index today are DR. REDDYS LAB (up 2.4%) and SCHNEIDER ELECTRIC INFRA (up 5.9%).

YES BANK (down 17.4%) and GODREJ PROPERTIES (down 6.1%) are among the top losers today.

Over the last one year, DR. REDDYS LAB has moved up from Rs 2,239 to Rs 2,667, registering a gain of Rs 428 (up 19.12%).

The BSE 500 has moved up from 14,178 to 15,275, registering a gain of 1,097 points (up 7.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 320.1%), INDIABULLS VENTURES (up 176.8%) and L&T INFOTECH LTD (up 136.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (up 0.9%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 3.5%), AXIS BANK (up 3.3%) and ICICI BANK (up 3.1%). Other gainers include M&M (up 2.4%) and ASIAN PAINTS (up 2.4%). The most traded stocks in the BSE Sensex are ONGC and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,347 (up 0.9%). AXIS BANK (up 3.6%) and TATA STEEL (up 3.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 15.6%).

DR. REDDYS LAB Financial Update...

DR. REDDYS LAB net profit stood at Rs 5 billion for the quarter ended June 2018, compared to a profit of Rs 3 billion a year ago. Net Sales declined 2.5% to Rs 37.4 billion during the period as against Rs 38.3 billion in April-June 2017.

For the year ended March 2018, DR. REDDYS LAB reported 27.4% decrease in net profit to Rs 9.1 billion compared to net profit of Rs 12.6 billion during FY17.

Revenue of the company grew 0.6% to Rs 143 billion during FY18.

The current Price to earnings ratio of DR. REDDYS LAB, based on rolling 12 month earnings, stands at 32.8x.

This article (DR. REDDYS LAB at 52 Week High; BSE 500 Index Up 1.0% ) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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SCHNEIDER ELECTRIC INFRA share price has zoomed 5% and is presently trading at Rs 127.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,316 (up 0.8%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is SCHNEIDER ELECTRIC INFRA (up 5.0%).

CG POWER & INDUSTRIAL SOLUTIONS LTD (down 0.1%) and SUZLON ENERGY (down 0.6%) are among the top losers today.

Over the last one year, SCHNEIDER ELECTRIC INFRA has moved down from Rs 144 to Rs 127, registering a loss of Rs 16 (down 12.0%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,354 to 18,316, loss of 38 points (down 0.2%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were GRAPHITE INDIA (up 157.0%), AIA ENGINEERING (up 31.6%) and HAVELLS IND (up 27.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,489 (up 1.0%).

The top gainers among the BSE Sensex stocks today are AXIS BANK (up 3.6%), TATA STEEL (up 3.5%) and ICICI BANK (up 2.8%). Other gainers include ASIAN PAINTS (up 2.6%) and M&M (up 1.9%). The most traded stocks in the BSE Sensex are ONGC and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,347 (up 0.9%). AXIS BANK (up 3.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,489, registering a gain of 5,087 points (up 15.7%).



This article (SCHNEIDER ELECTRIC INFRA Surges by 5%; BSE CAPITAL GOODS Index Up 0.8%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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Asian share markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.5% while the Hang Seng is up 1%. The Shanghai Composite is trading up by 1%. Meanwhile, trade-sensitive industrial stocks led the Dow Jones Industrial Average to a record closing high on Thursday, the last of Wall Street's main indices to fully regain ground since a correction that began in January.

Back home, India share markets have opened the day on a strong note. The BSE Sensex is trading up by 286 points while the NSE Nifty is trading up by 88 points. The BSE Mid Cap index and BSE Small Cap index opened the day up by 0.7% & 0.3% respectively.

Barring information technology stocks, all sectoral indices have opened the day in green with PSU stocks and metal stocks witnessing maximum buying interest.

The rupee is trading at Rs 71.84 against the�US$.

The rupee on 19 September rebounded by 61 paise, notching up its best single-day gain since March 2017 to close at 72.37 against the US currency supported by heavy dollar selling by banks and weakness in the greenback in global markets.

Snapping its two-day decline, the rupee opened higher at 72.71 against its record closing low of 72.98 on September 18 and touched a session high of 72.34 in day trade as crude oil prices eased globally.

The rupee closed at 72.37, up by 61 paise or 0.84% its best single-day gain since 14 March 2017.

Heavy dollar selling by exporters along with state-run banks likely on the behalf of the RBI, too boosted the rupee sentiment, restricting the local unit from breaching the 73 level.

Note that, the rupee is the worst performer in Asia in 2018. It has fallen by around 12% against the US dollar this year.

Indian Rupee is the Worst Performing Currency in Asia

The rupee is under pressure due to a strong dollar and high oil prices. Similarly, the spill-over from the emerging-market turmoil in Argentina and Turkey is weighing on the rupee.

The falling rupee is also triggering sales of bonds and stocks, which in turn is further pressuring the rupee.

Nevertheless, last week, the government announced several measures. This includes cutting down non-necessary imports, removal of withholding tax on rupee-denominated bonds, and easing overseas borrowing norms.

That said, in the near term, the rupee being under pressure could benefit export-oriented businesses.

The recent�Smart Money Secrets�recommendation�will benefit from the rupee depreciation.

The company derives around 65% of the revenue from exports. The icing on the cake is the company's focused entry into the B2C segment, which provides it a long runway for future growth.

If you're a�Smart Money Secrets�subscriber,�read the detailed report here.

If not...�you can get the report by signing up here.

In another development, oil prices dipped today after falling in the previous session as US President Donald Trump urged OPEC to lower crude prices ahead of its meeting in Algeria this weekend.

Trump called on the Organization of the Petroleum Exporting Countries (OPEC) to lower prices.

OPEC and its allies are scheduled to meet on Sunday in Algeria to discuss how to allocate supply increases to offset a shortage of Iran supplies due to US sanctions.

Reportedly, Trump's remarks just days before the OPEC meeting put a focus on the likely supply impacts of US-led Iran sanctions.

The market had until that point been trading fluidly with the assumption that Saudi Arabia is now comfortable with Brent at US$80 or even higher, which is challenging the market's long-held supposition that prompt Brent between US$70 and US$80 was OPEC's sweet spot.

Brent has been trading just below US$80 a barrel, backed by concerns of supply shortages from looming US sanctions against Iran, which are set to take effect in November.

Note that crude oil prices witnessing buying interest, doesn't bode well for the Indian economy. It not only affects fuel prices, but also has many other repercussions on the macroeconomic level.

Rising crude oil prices can be a big worry for the Modi government as well as it has been a big beneficiary of lower crude oil prices.

Apart from that, what does rising crude oil prices mean for stock markets?

Richa Agarwal, editor of�Hidden Treasure, tracks the�oil and gas sector�very closely. She believes the rise in crude oil prices is a bearish sign for stock markets globally. At the same time, any market correction, will throw up interesting buying opportunities in small-cap stocks.

This is what she wrote...

After hitting a low of US$ 30 per barrel in January 2016, prices have more than doubled this year.While the�Hidden Treasure�team looks for long-term wealth creators, such macro situations can help to recommend such stocks at a bargain. The ones who keeps calm, when everyone else is losing their heads, will gain the most when the tide turns.

It would be interesting to see how Iranian sanctions will influence crude oil prices. Meanwhile, we will keep you posted on all the updates from this space.

To know what's moving the Indian stock markets today, check out the most recent�share market updates here.

Now you can also listen to our�stock market podcast. Just visit�SoundCloud,�iTunes�or�Stitcher�and access our�free weekly podcast. Happy listening!



This article (Sensex Opens Over 280 Points Up; ICICI Bank & Tata Steel Top Gainers) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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The BSE METAL Index has surged 2% to 14,314.

Among the top gainers in the BSE METAL Index today are TATA STEEL (up 4.0%), JINDAL STEEL & POWER (up 3.7%) and HINDUSTAN ZINC (up 2.9%). Other gainers include SAIL (up 2.3%) and JSW STEEL (up 2.2%).

In the meantime, the NIFTY 50 has surges 0.9% to 11,337.

The top gainers in the NIFTY 50 include PRAKASH STEELAGE (up 16.7%), GRAVITA INDIA (up 8.3%) and TATA STEEL PP (up 7.6%). Other gainers include POKARNA LTD (up 7.4%) and RESURGERE MINES (up 6.3%).

Over the last one year, the BSE METAL has moved up from Rs 13,986 to Rs 14,314, registering a gain of Rs 328 (up 2.3%).

The top gainers among the BSE METAL sector during this same period were JSW STEEL (up 62.6%), JINDAL STEEL & POWER (up 58.8%) and SAIL (up 26.5%).

What about the Benchmark BSE Index?

Meanwhile, the BSE Sensex has surged 0.8% to 37,430.

Among the top gainers in the BSE Sensex today are TATA STEEL (up 4.0%), ICICI BANK (up 2.7%) and AXIS BANK (up 2.6%). Other gainers include ASIAN PAINTS (up 2.2%) and M&M (up 2.1%).

The most traded stocks in the BSE Sensex are ONGC and VEDANTA LTD.

In the meantime, the NSE Nifty is at 11,337 (0.9%).



This article (The BSE METAL Index has hit an all-time high at 14,314 (up 2.1%)) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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IL&FS TRANSPORTATION share price has plunged 6% and is presently trading at Rs 24.

Meanwhile, the BSE REALTY Index is at 2,027 (up 0.2%).

Among the top losers in the BSE REALTY Index today is IL&FS TRANSPORTATION (down 5.7%).

UNITECH (up 2.6%) and PRESTIGE ESTATES (up 1.8%) are among the top gainers today.

Over the last one year, IL&FS TRANSPORTATION has moved down from Rs 77 to Rs 24, registering a loss of Rs 53 (down 69.0%)..

The BSE REALTY has moved down from 2,221 to 2,027, loss of 194 points (down 8.7%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 22.3%), OMAXE LTD (up 10.1%) and DLF LTD (up 6.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,427 (up 0.8%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 3.9%), ICICI BANK (up 3.1%) and AXIS BANK (up 2.7%). Other gainers include ASIAN PAINTS (up 2.6%) and HDFC (up 1.8%). The most traded stocks in the BSE Sensex are VEDANTA LTD and TATA STEEL.

In the meantime, NSE Nifty is at 11,328 (up 0.8%). TATA STEEL (up 4.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,427, registering a gain of 5,025 points (up 15.5%).



This article (IL&FS TRANSPORTATION Plunges by 6%; BSE REALTY Index Up 0.2%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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BAJAJ HIND. SUGAR share price has plunged 6% and is presently trading at Rs 12.

Meanwhile, the BSE 500 Index is at 15,253 (up 0.7%).

Among the top losers in the BSE 500 Index today are BAJAJ HIND. SUGAR (down 6.5%) and DCM SHRIRAM (down 5.5%).

JM FINANCIAL (up 5.8%) and TATA STEEL (up 3.9%) are among the top gainers today.

Over the last one year, BAJAJ HIND. SUGAR has moved down from Rs 15 to Rs 12, registering a loss of Rs 3 (down 19.5%)..

The BSE 500 has moved up from 14,178 to 15,253, registering a gain of 1,075 points (up 7.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 316.2%), INDIABULLS VENTURES (up 177.5%) and SONATA SOFTWARE (up 167.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,427 (up 0.8%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 3.9%), ICICI BANK (up 3.1%) and AXIS BANK (up 2.7%). Other gainers include ASIAN PAINTS (up 2.6%) and HDFC (up 1.8%). The most traded stocks in the BSE Sensex are VEDANTA LTD and TATA STEEL.

In the meantime, NSE Nifty is at 11,328 (up 0.8%). TATA STEEL (up 4.0%) and AXIS BANK (up 2.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,427, registering a gain of 5,025 points (up 15.5%).

BAJAJ HIND. SUGAR Financial Update...

BAJAJ HIND. SUGAR net profit down at Rs 2 billion for the quarter ended June 2018, compared to a loss of Rs 1 billion a year ago. Net Sales rose 30.2% to Rs 14.6 billion during the period as against Rs 11.2 billion in April-June 2017.

For the year ended March 2017, BAJAJ HIND. SUGAR reported 56.7% decrease in net profit to Rs 920.0 million compared to net profit of Rs 2.1 billion during FY16.

Revenue of the company grew 5.2% to Rs 46 billion during FY17.

The current Price to earnings ratio of BAJAJ HIND. SUGAR, based on rolling 12 month earnings, stands at down 2.1x.

This article (BAJAJ HIND. SUGAR Plunges by 6%; BSE 500 Index Up 0.7%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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RELIANCE COMMUNICATIONS share price has plunged 6% and is presently trading at Rs 15.

Meanwhile, the BSE 500 Index is at 15,253 (up 0.7%).

Among the top losers in the BSE 500 Index today are RELIANCE COMMUNICATIONS (down 6.0%) and DCM SHRIRAM (down 6.2%).

JINDAL STEEL & POWER (up 3.9%) and JM FINANCIAL (up 3.8%) are among the top gainers today.

Over the last one year, RELIANCE COMMUNICATIONS has moved down from Rs 20 to Rs 15, registering a loss of Rs 5 (down 24.3%)..

The BSE 500 has moved up from 14,178 to 15,253, registering a gain of 1,075 points (up 7.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 318.5%), INDIABULLS VENTURES (up 176.4%) and SONATA SOFTWARE (up 169.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,427 (up 0.7%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 3.7%), ICICI BANK (up 3.2%) and ASIAN PAINTS (up 2.7%). Other gainers include AXIS BANK (up 2.1%) and NTPC (up 2.0%). The most traded stocks in the BSE Sensex are VEDANTA LTD and TATA STEEL.

In the meantime, NSE Nifty is at 11,328 (up 0.8%). TATA STEEL (up 3.8%) and ICICI BANK (up 3.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,427, registering a gain of 5,025 points (up 15.4%).

RELIANCE COMMUNICATIONS Financial Update...

RELIANCE COMMUNICATIONS net profit down at Rs 1 billion for the quarter ended June 2018, compared to a loss of Rs 270 million a year ago. Net Sales declined 12.1% to Rs 10.1 billion during the period as against Rs 11.4 billion in April-June 2017.

For the year ended March 2017, RELIANCE COMMUNICATIONS reported 295.4% decrease in net profit to Rs 12.9 billion compared to net profit of Rs 6.6 billion during FY16.

Revenue of the company grew 11.2% to Rs 195 billion during FY17.

The current Price to earnings ratio of RELIANCE COMMUNICATIONS, based on rolling 12 month earnings, stands at down 1.2x.

This article (RELIANCE COMMUNICATIONS Plunges by 6%; BSE 500 Index Up 0.7%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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JSW STEEL share price has hit an all-time high at Rs 427 (up 2.3%).

Meanwhile, the BSE METAL Index is at 14,279 (up 1.8%).

Among the top gainers in the BSE METAL Index today are JSW STEEL (up 2.3%) and TATA STEEL (up 3.7%).

Over the last one year, JSW STEEL has moved up from Rs 262 to Rs 427, registering a gain of Rs 166 (up 62.8%).

The BSE METAL has moved up from 13,986 to 14,279, registering a gain of 293 points (up 2.0%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JSW STEEL (up 62.8%), JINDAL STEEL & POWER (up 59.1%) and SAIL (up 26.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,427 (up 0.7%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 3.7%), ICICI BANK (up 3.2%) and ASIAN PAINTS (up 2.7%). Other gainers include AXIS BANK (up 2.1%) and NTPC (up 2.0%). The most traded stocks in the BSE Sensex are VEDANTA LTD and TATA STEEL.

In the meantime, NSE Nifty is at 11,328 (up 0.8%). The top gainers in the NSE Nifty include TATA STEEL (up 3.8%), ICICI BANK (up 3.0%) and AXIS BANK (up 2.9%). Other gainers include BPCL (up 2.5%) and ASIAN PAINTS (up 2.5%).

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,427, registering a gain of 5,025 points (up 15.4%).

JSW STEEL Financial Update...

JSW STEEL net profit stood at Rs 23 billion for the quarter ended June 2018, compared to a profit of Rs 18 billion a year ago. Net Sales rose 14.9% to Rs 205.2 billion during the period as against Rs 178.6 billion in April-June 2017.

For the year ended March 2018, JSW STEEL reported 83.4% increase in net profit to Rs 63.4 billion compared to net profit of Rs 34.6 billion during FY17.

Revenue of the company grew 18.1% to Rs 715 billion during FY18.

The current Price to earnings ratio of JSW STEEL, based on rolling 12 month earnings, stands at 1.3x.

This article (JSW STEEL at All Time High; BSE METAL Index Up 1.8%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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GODREJ PROPERTIES share price has plunged 5% and is presently trading at Rs 629.

Meanwhile, the BSE REALTY Index is at 2,027 (up 0.1%).

Among the top losers in the BSE REALTY Index today is GODREJ PROPERTIES (down 5.5%).

PRESTIGE ESTATES (up 1.9%) and DLF LTD (up 0.8%) are among the top gainers today.

Over the last one year, GODREJ PROPERTIES has moved up from Rs 609 to Rs 629, registering a gain of Rs 20 (up 3.3%)..

The BSE REALTY has moved down from 2,221 to 2,027, loss of 194 points (down 8.7%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 22.3%), OMAXE LTD (up 9.4%) and DLF LTD (up 6.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,421 (up 0.8%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.8%), TATA STEEL (up 2.8%) and ASIAN PAINTS (up 1.9%). Other gainers include AXIS BANK (up 1.9%) and HDFC (up 1.9%). The most traded stocks in the BSE Sensex are VEDANTA LTD and ICICI BANK.

In the meantime, NSE Nifty is at 11,328 (up 0.8%). ICICI BANK (up 3.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,421, registering a gain of 5,019 points (up 15.5%).

GODREJ PROPERTIES Financial Update...

GODREJ PROPERTIES net profit stood at Rs 458 million for the quarter ended June 2018, compared to a profit of Rs 259 million a year ago. Net Sales rose 59.0% to Rs 10.0 billion during the period as against Rs 6.3 billion in April-June 2017.

For the year ended March 2018, GODREJ PROPERTIES reported 30.7% increase in net profit to Rs 2.3 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 19.3% to Rs 19 billion during FY18.

The current Price to earnings ratio of GODREJ PROPERTIES, based on rolling 12 month earnings, stands at 48.9x.

This article (GODREJ PROPERTIES Plunges by 5%; BSE REALTY Index Up 0.1%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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DCM SHRIRAM share price has plunged 6% and is presently trading at Rs 477.

Meanwhile, the BSE 500 Index is at 15,252 (up 0.7%).

Among the top losers in the BSE 500 Index today are DCM SHRIRAM (down 6.1%) and GODREJ PROPERTIES (down 5.5%).

ICICI BANK (up 3.8%) and MARKSANS PHARMA. (up 3.4%) are among the top gainers today.

Over the last one year, DCM SHRIRAM has moved up from Rs 449 to Rs 477, registering a gain of Rs 28 (up 6.1%)..

The BSE 500 has moved up from 14,178 to 15,252, registering a gain of 1,074 points (up 7.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 318.3%), INDIABULLS VENTURES (up 174.2%) and SONATA SOFTWARE (up 169.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,421 (up 0.8%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.8%), TATA STEEL (up 2.8%) and ASIAN PAINTS (up 1.9%). Other gainers include AXIS BANK (up 1.9%) and HDFC (up 1.9%). The most traded stocks in the BSE Sensex are VEDANTA LTD and ICICI BANK.

In the meantime, NSE Nifty is at 11,328 (up 0.8%). ICICI BANK (up 3.5%) and TATA STEEL (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,421, registering a gain of 5,019 points (up 15.5%).

DCM SHRIRAM Financial Update...

DCM SHRIRAM net profit stood at Rs 2 billion for the quarter ended June 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 15.9% to Rs 20.7 billion during the period as against Rs 17.8 billion in April-June 2017.

For the year ended March 2017, DCM SHRIRAM reported 83.8% increase in net profit to Rs 5.5 billion compared to net profit of Rs 3.0 billion during FY16.

Revenue of the company grew 21.6% to Rs 61 billion during FY17.

The current Price to earnings ratio of DCM SHRIRAM, based on rolling 12 month earnings, stands at 11.9x.

This article (DCM SHRIRAM Plunges by 6%; BSE 500 Index Up 0.7%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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JSW STEEL share price has hit a 52-week high at Rs 425 (up 1.7%).

Meanwhile, the BSE 500 Index is at 15,245 (up 0.7%).

Among the top gainers in the BSE 500 Index today are JSW STEEL (up 1.7%) and PNC INFRATECH (up 6.2%).

YES BANK (down 20.3%) and JET AIRWAYS (down 5.8%) are among the top losers today.

Over the last one year, JSW STEEL has moved up from Rs 262 to Rs 425, registering a gain of Rs 164 (up 61.88%).

The BSE 500 has moved up from 14,178 to 15,245, registering a gain of 1,067 points (up 7.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 320.1%), INDIABULLS VENTURES (up 175.1%) and SONATA SOFTWARE (up 172.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,371 (up 0.6%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 2.6%), HDFC (up 2.3%) and AXIS BANK (up 2.2%). Other gainers include TATA STEEL (up 2.0%) and SBI (up 1.5%). The most traded stocks in the BSE Sensex are VEDANTA LTD and SBI.

In the meantime, NSE Nifty is at 11,314 (up 0.7%). ICICI BANK (up 3.4%) and BHARTI INFRATEL (up 2.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,371, registering a gain of 4,969 points (up 15.2%).

JSW STEEL Financial Update...

JSW STEEL net profit stood at Rs 23 billion for the quarter ended June 2018, compared to a profit of Rs 18 billion a year ago. Net Sales rose 14.9% to Rs 205.2 billion during the period as against Rs 178.6 billion in April-June 2017.

For the year ended March 2018, JSW STEEL reported 83.4% increase in net profit to Rs 63.4 billion compared to net profit of Rs 34.6 billion during FY17.

Revenue of the company grew 18.1% to Rs 715 billion during FY18.

The current Price to earnings ratio of JSW STEEL, based on rolling 12 month earnings, stands at 1.3x.

This article (JSW STEEL at 52 Week High; BSE 500 Index Up 1.0% ) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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MARKSANS PHARMA. share price has zoomed 5% and is presently trading at Rs 37.

Meanwhile, the BSE HEALTHCARE Index is at 15,951 (up 0.6%).

Among the top Gainers in the BSE HEALTHCARE Index today is MARKSANS PHARMA. (up 5.0%).

CADILA HEALTHCARE and ABBOTT INDIA (down 0.1%) are among the top losers today.

Over the last one year, MARKSANS PHARMA. has moved down from Rs 44 to Rs 37, registering a loss of Rs 7 (down 15.6%).

On the other hand, the BSE HEALTHCARE has moved up from 13,745 to 15,951, registering a gain of 2,206 points (up 16.1%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 101.9%), BIOCON LTD (up 88.4%) and PFIZER (up 75.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,279 (up 0.4%).

The top gainers among the BSE Sensex stocks today are AXIS BANK (up 1.7%), M&M (up 1.7%) and TATA STEEL (up 1.5%). Other gainers include HDFC BANK (up 1.4%) and SBI (up 1.3%). The most traded stocks in the BSE Sensex are BAJAJ AUTO and COAL INDIA.

In the meantime, NSE Nifty is at 11,271 (up 0.3%). HPCL (up 2.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,279, registering a gain of 4,877 points (up 15.0%).



This article (MARKSANS PHARMA. Surges by 5%; BSE HEALTHCARE Index Up 0.6%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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JINDAL STAINLESS share price has zoomed 10% and is presently trading at Rs 71.

Meanwhile, the BSE METAL Index is at 14,129 (up 0.8%).

Among the top Gainers in the BSE METAL Index today is JINDAL STAINLESS (up 9.8%).

Over the last one year, JINDAL STAINLESS has moved down from Rs 122 to Rs 71, registering a loss of Rs 50 (down 41.6%).

On the other hand, the BSE METAL has moved up from 13,986 to 14,129, registering a gain of 143 points (up 1.0%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JSW STEEL (up 60.5%), JINDAL STEEL & POWER (up 54.3%) and SAIL (up 24.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,279 (up 0.4%).

The top gainers among the BSE Sensex stocks today are AXIS BANK (up 1.7%), M&M (up 1.7%) and TATA STEEL (up 1.5%). Other gainers include HDFC BANK (up 1.4%) and SBI (up 1.3%). The most traded stocks in the BSE Sensex are BAJAJ AUTO and COAL INDIA.

In the meantime, NSE Nifty is at 11,271 (up 0.3%). HPCL (up 2.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,279, registering a gain of 4,877 points (up 15.0%).



This article (JINDAL STAINLESS Surges by 10%; BSE METAL Index Up 0.8%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.



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ANDHRA BANK share price has zoomed 5% and is presently trading at Rs 32.

Meanwhile, the BSE BANKEX Index is at 29,731 (up 0.3%).

Among the top Gainers in the BSE BANKEX Index today is ANDHRA BANK (up 5.0%).

BANK OF BARODA (down 0.3%) and INDUSIND BANK (down 3.1%) are among the top losers today.

Over the last one year, ANDHRA BANK has moved down from Rs 62 to Rs 32, registering a loss of Rs 30 (down 47.7%).

On the other hand, the BSE BANKEX has moved up from 28,213 to 29,731, registering a gain of 1,518 points (up 5.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 19.5%), AXIS BANK (up 19.0%) and ICICI BANK (up 9.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,279 (up 0.4%).

The top gainers among the BSE Sensex stocks today are AXIS BANK (up 1.7%), M&M (up 1.7%) and TATA STEEL (up 1.5%). Other gainers include HDFC BANK (up 1.4%) and SBI (up 1.3%). The most traded stocks in the BSE Sensex are BAJAJ AUTO and COAL INDIA.

In the meantime, NSE Nifty is at 11,271 (up 0.3%). HPCL (up 2.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,279, registering a gain of 4,877 points (up 15.0%).

ANDHRA BANK Financial Update...

ANDHRA BANK net profit declined 67.4% YoY to Rs 5 billion for the quarter ended June 2018, compared to a loss of Rs 17 billion a year ago. Operating income declined 0.5% to Rs 45.3 billion during the period as against Rs 45.5 billion in April-June 2017.

For the year ended March 2018, ANDHRA BANK reported 1907.5% decrease in net profit to Rs 33.9 billion compared to net profit of Rs 1.9 billion during FY17.

Revenue of the company grew 0.1% to Rs 182 billion during FY18.

The current Price to earnings ratio of ANDHRA BANK, based on rolling 12 month earnings, stands at down 0.8x.

This article (ANDHRA BANK Surges by 5%; BSE BANKEX Index Up 0.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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YES BANK share price has plunged 10% and is presently trading at Rs 287.

Meanwhile, the BSE BANKEX Index is at 29,731 (up 0.3%).

Among the top losers in the BSE BANKEX Index today is YES BANK (down 10.0%).

AXIS BANK (up 1.7%) and FEDERAL BANK (up 1.7%) are among the top gainers today.

Over the last one year, YES BANK has moved down from Rs 373 to Rs 287, registering a loss of Rs 86 (down 23.1%)..

The BSE BANKEX has moved up from 28,213 to 29,731, registering a gain of 1,518 points (up 5.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 19.5%), AXIS BANK (up 19.0%) and ICICI BANK (up 9.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,279 (up 0.4%). The top gainers among the BSE Sensex stocks today are AXIS BANK (up 1.7%), M&M (up 1.7%) and TATA STEEL (up 1.5%). Other gainers include HDFC BANK (up 1.4%) and SBI (up 1.3%). The most traded stocks in the BSE Sensex are BAJAJ AUTO and COAL INDIA.

In the meantime, NSE Nifty is at 11,271 (up 0.3%). HPCL (up 2.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,279, registering a gain of 4,877 points (up 15.0%).

YES BANK Financial Update...

YES BANK net profit stood at Rs 13 billion for the quarter ended June 2018, compared to a profit of Rs 11 billion a year ago. Operating income rose 29.7% to Rs 65.8 billion during the period as against Rs 50.7 billion in April-June 2017.

For the year ended March 2018, YES BANK reported 26.9% increase in net profit to Rs 42.2 billion compared to net profit of Rs 33.3 billion during FY17.

Revenue of the company grew 23.4% to Rs 203 billion during FY18.

The current Price to earnings ratio of YES BANK, based on rolling 12 month earnings, stands at 2.9x.

This article (YES BANK Plunges by 10%; BSE BANKEX Index Up 0.3%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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JET AIRWAYS share price has plunged 8% and is presently trading at Rs 225.

Meanwhile, the BSE 500 Index is at 15,205 (up 0.4%).

Among the top losers in the BSE 500 Index today are JET AIRWAYS (down 7.9%) and YES BANK (down 10.0%).

SHOPPERS STOP (up 5.8%) and ANDHRA BANK (up 5.0%) are among the top gainers today.

Over the last one year, JET AIRWAYS has moved down from Rs 556 to Rs 225, registering a loss of Rs 331 (down 59.6%)..

The BSE 500 has moved up from 14,178 to 15,205, registering a gain of 1,027 points (up 7.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 320.6%), SONATA SOFTWARE (up 173.7%) and INDIABULLS VENTURES (up 172.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,279 (up 0.4%). The top gainers among the BSE Sensex stocks today are AXIS BANK (up 1.7%), M&M (up 1.7%) and TATA STEEL (up 1.5%). Other gainers include HDFC BANK (up 1.4%) and SBI (up 1.3%). The most traded stocks in the BSE Sensex are BAJAJ AUTO and COAL INDIA.

In the meantime, NSE Nifty is at 11,271 (up 0.3%). HPCL (up 2.9%) and AXIS BANK (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,402 to 37,279, registering a gain of 4,877 points (up 15.0%).

JET AIRWAYS Financial Update...

JET AIRWAYS net profit down at Rs 13 billion for the quarter ended June 2018, compared to a loss of Rs 2 billion a year ago. Net Sales declined 1.2% to Rs 60.1 billion during the period as against Rs 60.9 billion in April-June 2017.

For the year ended March 2018, JET AIRWAYS reported 150.2% decrease in net profit to Rs 7.2 billion compared to net profit of Rs 14.5 billion during FY17.

Revenue of the company grew 8.0% to Rs 245 billion during FY18.

The current Price to earnings ratio of JET AIRWAYS, based on rolling 12 month earnings, stands at down 1.2x.

This article (JET AIRWAYS Plunges by 8%; BSE 500 Index Up 0.4%) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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On Wednesday, share markets in India witnessed volatile trading activity and ended on a negative note. Among sectoral indices, FMCG stocks and realty stocks lost the most.

At the closing bell on Wednesday, the BSE Sensex stood lower by 170 points (down 0.5%) and the NSE Nifty closed down by 45 points (down 0.4%). The BSE Mid Cap index ended down by 0.5%, while the BSE Small Cap index ended lower by 1.3%.

Top Stocks in Action Today

Tata steel share price will be in focus today as the company reportedly completed the acquisition of 51% equity stake in Creative Port Development (CPDPL).

Earlier, the company had executed definitive agreement for development of Subarnarekha Port & acquisition of 51% equity shares of CPDPL.

To know more about the company, you can access Tata steel Q1FY19 result and Tata steel 2017-18 Annual Report on our website.

Indian hotels share price will also be in focus as the company has entered into a partnership with Ithra Dubai LLC for a new Taj hotel at the Deira Creek in Dubai.

The new Taj hotel is a greenfield project slated to open in early 2022 and would be part of Deira Waterfront Development.

Market participants will also be tracking TVS motors share price.

As per an article in a leading financial daily, the company has entered into a partnership with leading distributer in the Mexican region, Torino Motors, a subsidiary of Groupo Autofin. With over 40 years of experience in the region, Torino Motors specialises in automobile and retail finance.

From the IPO space...

In the news from the IPO space, Dinesh Engineers has fixed a price band of Rs 183-185 per equity share for its initial public offering. The offer is a book-built issue IPO comprising of 10 million shares aggregating up to 1.9 billion.

In another news, the state-owned engineering and construction company IRCON International was subscribed nearly 10 times on the last day of subscription.

The offer received bids for around 97.6 million shares against the total issue size of 9.9 million.

The issue has a price band of Rs 470-475 per share and the equity shares are proposed to be listed on BSE and NSE. The public issue comprises an offer for sale of 9.9 million equity shares by its promoter, The President of India, acting through the Ministry of Railways, Government of India.

The net issue proceeds from the IPO will be utilised towards repayment of certain borrowings and for general corporate purposes.

IRCON International Limited is a Mini Ratna government company incorporated by Central Government (Ministry of Railways) under the Companies Act, 1956 on 28th April 1976. It is an integrated engineering and construction company specializing in major infrastructure projects, including railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV sub-stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities.

To know more about the company, you can read our IPO analysis of IRCON International Ltd. (requires subscription).

Also, with so many IPOs set to hit the markets, we at Equitymaster believe a merit-based selection, primarily including valuation, business, and management quality, is the logical way to go about investing in IPOs. If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often.

To know how to safely profit from the ongoing IPO rush, download this FREE report now and discover How to Get Rich with IPOs.

AMCs Back in News...

Shares of asset management companies (AMCs) witnessed selling pressure on Wednesday on fears of the impact on their revenue and profitability after the market regulator reduced the total expense ratio (TER) - the fee funds collect from investors every year.

The development came as the regulator capped the total expense ratio for equity oriented mutual fund schemes (close ended and interval schemes) at 1.25% and for other schemes at 1%. The cap for fund of funds was capped at 2.25% for equity-oriented schemes and 2% for other schemes.

The regulator said that all the mutual fund commissions and expenses must be paid from the scheme itself and that the industry must adopt a full trail mode of commission in all schemes without paying any upfront commission.

Rupee Strengthens

The rupee strengthened against the US dollar on Wednesday after a news report said the Reserve Bank of India was studying off-market swap deals for oil retailers.

On Tuesday, the rupee touched an all-time low of 72.97 to a dollar as crude oil surged amid concerns about Iranian supply and a report that Saudi Arabia was comfortable with Brent prices above $80 a barrel.

Rising Crude Oil Prices

Oil prices rose yesterday, amid drawdown in US inventories and strong US gasoline demand.

US sanctions affecting Iran's oil exports come into force on November 4. Reportedly, many buyers have already reduced Iranian purchases.

According to the news in a leading financial daily, The Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia meet on Sunday in Algeria to discuss how to allocate supply increases within their quota framework to offset the loss of Iranian supply.

Interest Rates Raised

Interest rates on small saving schemes such as Public Provident Fund (PPF), National Savings Certificates (NSC) and Post Office deposit scheme have been increased by the finance ministry.

PPF and NSC will earn interest at 8% while Senior Citizens Savings Scheme, which has a tenure of five years, will fetch 8.7%. The new interest rates will be effective for the October-December period.



This article (Indian Indices Continue Downtrend, IPO Buzz, and Top Stocks in Action Today) is authored by Prabhat Financial

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


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