Market Live: D-Street rangebound, Nifty around 11,400; PNB posts Q1 loss of Rs 940 crore
Bombay Dyeing Q1: The company’s Q1 net loss was at Rs 93.7 crore against Rs 32.7 crore, YoY. Revenue was down 33 percent at Rs 397.5 crore versus Rs 592.4 crore.
Operating profit or EBITDA was down 89 percent at Rs 8.5 crore and margin was down at 2.2 percent.
At 15:09 hrs Bombay Dyeing and Manufacturing Company was quoting at Rs 260.70, down Rs 13.70, or 4.99 percent.
TVS Motor Q1 profit grows 13% to Rs 147 cr, misses estimates
The company saw its two-wheeler volumes grow by 14 percent to 892,754 units as compared to 785,071 units sold in the same quarter a year ago.
Adani Transmission Q1 results: The company’s consolidated Q1FY19 net profit rose 101.3 percent at Rs 169.3 crore against Rs 84.1 crore in the same quarter last fiscal.
The company has signed a significant multimillion dollar deal with leading bank in Asia market with a strong foothold in Singapore, Malaysia, Indonesia, Thailand and China to implement world’s first Integrated Trade Finance and Supply Chain Finance (SCF) platform.
This partnership will help the bank to deliver on their commitment of building lasting relationship with their customers through products and exceptional digital customer experience.
Nifty rallied nearly 900 points in 2018 so far. These 10 stocks contributed the most
The immediate target which most experts are betting on is 11500-11600 on the Nifty. But, for momentum to continue, the index has to stay above 10400 levels on closing basis.
The G10 currencies are the United States dollar, the British pound sterling, the euro, the Japanese yen, the Australian dollar, the Swiss franc, the New Zealand dollar, the Swedish krona, the…
At 12:38 hrs IST, the Sensex is down 2.31 points or 0.01% at 37689.58, while the Nifty is up 3.50 points or 0.03% at 11390.60. The market breadth is negative as 1,112 shares advanced, against a decline of 1,319 shares, while 128 shares were unchanged.
Barring IT and metals, all sectoral indices are trading in the red, with maximum cuts seen in energy and pharma.
Asian Paints, Yes Bank and Grasim are the top gainers, while Adani Ports and Coal India have lost the most.
PNB falls post Q1: Shares of Punjab National Bank fell over one percent on Tuesday afternoon even as the lender reported better than expected results for the June quarter.
The PSU bank also witnessed improvement in its asset quality during the quarter. Its net loss came in at Rs 940 crore against an expected loss of Rs 2,200 crore, according to Reuters estimates.
PNB saw its gross non-performing assets ratio falling to 18.26 percent from 18.38 percent that it reported during the previous quarter. The net NPA ratio is also down to 10.58 percent from 11.24 percent quarter on quarter.
Its provisions and contingencies have come down to Rs 5,758 crore, a drop 71 percent from the previous quarter’s figure of Rs 20,353.1 crore. The bank had reported provisions of Rs 2,608.7 crore during the same quarter of last year.
