Skip to main content

Yesterday market highlight

Top Gainers (Nifty)

HCL Tech - Rs 900.45 ▲ 3.94% 
Kotak Mahindra Bank - Rs 1344.95 ▲ 2.44%
Infosys - Rs 1158.00 ▲ 2.27%
Reliance - Rs 2280.70 ▲ 1.95%
UltraTech Cement - Rs 4382.75 ▲ 1.78%

Top Losers (Nifty)

Cipla - Rs 788.25 ▼ 3.25%
Titan - Rs 1228.85 ▼ 2.22%
Adani Ports - Rs 349.90 ▼ 2.17%
Sun Pharma - Rs 503.15 ▼ 2.09%
ICICI Bank - Rs 396.15 ▼ 1.91%

🥇 Gold: Rs 50,979 ▼ 0.25% at 6 PM
🥈 Silver: Rs 62,757 ▼ 1.13% at 6 PM

Wipro Posts Fall in Net Profit; Board Announces BuyBack

Wipro posted a 3.4% fall in consolidated net profit to Rs 2,465.70 crores in the July-to-September quarter as compared to the same quarter in the previous financial year.

The company's board also approved a buyback proposal worth up to Rs 9,500 crores. Wipro will buy back 23.75 crore shares at Rs 400 per share.

IMF Sees Contraction in 2020, Expansion in 2021

According to the latest release by the International Monetary Fund (IMF), India’s GDP will contract by 10.3% in the year 2020.

The global rate of contraction in 2020 is projected to be 4.4%.

The same release projects that India will see a sharp increase in growth in the year 2021 at 8.8%.

This figure is higher than what the IMF projected for India earlier in June this year.

Vedanta's Statement Post Delisting Failure

After the company's delisting bid failed, it said in a statement today that it will now strive to grow stronger as a listed company.

Vedanta's delisting bid failed as some of the shares in the delisting process were not validly tendered. It needed at least 134 crore shares whereas only 125 crore shares were validly tendered.

"We saw enthusiastic participation by our shareholders that took us within striking distance of our goal, short by only 7%," it said in a statement.

The delisting bid would have resulted in an FDI inflow of over $3.15 billion into the Indian economy, the company added.

The shares of the company rose 2.78% to Rs 99.65 per share.

Labels:

Comments

Post a Comment

Thanks for comments

Popular posts from this blog

The 65th Annual General Meeting of the Shareholders of the state Bank of India

The 65 th  Annual General Meeting of the Shareholders of the Bank is scheduled to be held on Tuesday, 14 th  July 2020, 11.00 a.m. at “ State Bank Auditorium”,  State Bank Bhavan Complex, Madame Cama Road, Mumbai – 400021 (Maharashtra) to discuss and adopt the Balance Sheet and the Profit Loss Accounts of the Bank made upto 31 st  March, 2020. If the conditions are not conducive and the local authorities do not permit to hold physical Annual General Meeting, the Meeting will be held through Video Conferencing (VC)/Other Audio Visual Means (OAVM).  The AGM notice dated 05.06.2020 For further details, please refer to the following link: https://www.sbi.co.in/web/ investor-relations/agm-2015- notice  –  then click on ‘65 th AGM’
Post a Comment
Read more

Mastek is a provider of vertically-focused enterprise technology solutions.

Dear investor, Please find below mentioned short term fundamental stock for delivery purpose.   Company CMP Target BSE Code NSE Code Mastek Ltd. 401 430 523704 MASTEK Fundamental   Market Cap:    980.70  Cr. Current Price:    401.30 52 weeks High / Low    476.00  /  165.70 Book Value:    323.45 Stock P/E:  7.80 Dividend Yield:  1.99  % ROCE:  18.67  % ROE:  15.06  % Sales Growth (3Yrs):  25.16  % Listed on  BSE  and  NSE Company Website Face Value:    5.00 PEG Ratio:  0.54 Promoter holding:  45.09  % Pledged percentage:  57.00  % Debt:    333.18  Cr. Price to Earning:  7.80 EPS:    45.18 Net profit:    108.86  Cr. Profit growth:  24.44  % Profit growth 7Years:  25.14  % Net profit preceding 12months:  102.26  Cr. Profit growth 3Years:  95.59  % D...
Post a Comment
Read more

Andhra Sugars

  Andhra Sugars Limited is engaged in the manufacture and sale of sugar and caustic soda. Fundamental Market Cap:    703.37  Cr. Current Price:    259.45 52 weeks High / Low    392.00  /  117.05 Book Value:    425.56 Stock P/E:  3.46 Dividend Yield:  7.71  % ROCE:  22.64  % ROE:  17.55  % Sales Growth (3Yrs):  3.03  % Listed on  BSE  and  NSE Face Value:    10.00 PEG Ratio:  0.12 Promoter holding:  47.03  % Pledged percentage:  0.00  % Debt:    183.52  Cr. Price to Earning:  3.52 EPS:    74.92 Net profit:    203.09  Cr. Profit growth:  6.61  % Profit growth 7Years:  7.92  % Net profit preceding 12months:  185.30  Cr. Profit growth 3Years:  58.01  % Dividend yield:  7.59  % Debt to equity:  0.16 Sales last year:    1,376 ...
Post a Comment
Read more