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Adani group's stocks have nosedived after the Hindenburg report's release Amid massive stock rout for almost a week in most of Adani group stocks, the National Stock Exchange (NSE) has put Adani Enterprises , Adani Ports and Ambuja Cements under additional surveillance measure (ASM) framework effective February 3, 2023 to curb short-selling. NSE, in its circular released on February 2, noted that applicable rate of margin shall be 50 percent or existing margin, whichever is higher, subject to maximum rate of margin capped at 100 percent w.e.f. February 6, 2023 on all open positions as on February 3 and new positions created from February 6. The ASM list is a list of securities that get monitored due to factors like price fluctuation, volatility, volume variance, etc. Stocks that are shortlisted for inclusion on the ASM list serve as a warning to investors about unusual price movement. There are certain trading restrictions on these stocks to put an end to any potential … [Read more...] about NSE puts Adani Enterprises, Adani Ports, Ambuja Cements under ASM framework amid stock rout

According to an average of estimates of brokerages polled by Moneycontrol, the company's revenue will rise 4.3 percent on-year to Rs 16,547 crore Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Cigarette-to-soap maker ITC is likely to post a decent set of numbers for the December 2022 ended quarter, with standalone revenue growing 11 percent year-to-year to Rs 4614 crore. The company will report its Q3 earnings on February 3, after market hours. According to an average of estimates of brokerages polled by Moneycontrol , the company's revenue will rise 4.3 percent on-year to Rs 16,547 crore. Sequentially, topline and bottomline are expected to grow 2.5 percent and 3.3 percent. ITC’s mainstay business of cigarettes, which has been in the limelight for hike in NCCD (National Calamity Contingent Duty) announced in Union … [Read more...] about ITC Q3 Preview: Net profit to grow 11%, cigarette volume growth pegged at 10%

ITC Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × There's no stopping diversified conglomerate ITC's bull run. The stock is only 3 percent away from the Rs 400 mark and is trading at an all-time high. And, that too after taking a beating a day earlier after finance minister Nirmala Sitharaman in her Budget for 2023-24 announced a hike in National Calamity Contingent (NCCD) duty, only to recover swiftly and close in green. At 12.15 pm on February 2, the stock was quoting at Rs 381.30 apiece on the NSE, up 5.51 percent amid heavy volumes of 34.6 million shares. Earlier in the day, it had hit an all-time high of Rs 384.70 apiece. Follow our market blog for all the action Smoke signals Read More The stock corrected 6 percent as Sitharaman said the NCCD duty on cigarettes was hiked by 16 percent. The … [Read more...] about ITC nears Rs 400 mark; why costlier cigarettes are great news for shareholders

Adani Group chairman Gautam Adani Touting February 3, 2023, as an eventful day might be an understatement for the Adani Group. A stunning recovery from the worst-ever intraday fall in Adani Enterprises' stock to Finance Minister Nirmala Sitharaman's first comments on the entire Hindenburg-Adani fiasco , there was a lot of action. After falling 35 percent intraday, Adani Enterprises closed in the red on NSE – down 2 percent – while on BSE it was over a percent higher. Adani Ports closed 5 percent higher on the NSE at Rs 488.40 after falling to Rs 395 intraday. ACC and Ambuja Cements gained 5 percent and 4 percent, respectively. Meanwhile, Adani Total Gas and Adani Wilmar ended at a 5 percent lower circuit. Here's a recap of all that happened, starting from pre-market developments ASM Framework Read More Pre-market open, the big news was National Stock Exchange (NSE) placing Adani Enterprises, Adani Ports and Ambuja Cements under an additional … [Read more...] about Adai Group stocks: A recap of everything that happened on February 3

Dabur India Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Dabur Indian share price will remain in focus on February 3 after company reported a decline in its Q3 net profit . Dabur India reported a 5.5 percent year-on-year fall in consolidated net profit at Rs 476.6 crore for the quarter ended December 2022. Net profit stood at Rs 504 crore in the same quarter a year ago, Dabur said in a stock exchange filing on Thursday. However, revenue from operations grew 3.5 percent YoY to Rs 3,043 crore from Rs 2,942 crore in Q3 FY22. Revenue crossed the Rs 3,000-crore mark for the first-time ever, said the company. On the operating front, EBITDA (earnings before interest, taxes, depreciation and amortization) fell 2.7 percent to Rs 610.4 crore. Operating margins fell 100 basis points to 20.1 percent from 21.3 percent YoY. … [Read more...] about Dabur India Q3 net profit falls 5.5%; what should investors do now?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The government’s ambitious plan to monetise fully completed and operational infrastructure to raise funds for financing future projects, National Monetisation Pipeline (NMP), did not find any mention in the Union Budget for 2023-24, leaving sector experts and industry players bewildered. Ahead of the Budget, experts had said that the government may miss FY23's target of raising Rs 1.6 lakh crore by a huge margin but were hopeful of an update from the Finance Minister on February 1. “NMP, the National Monetisation Pipeline, was about offering fully completed and operational infrastructure assets on a PPP basis but was not mentioned,” said Shailesh Pathak, Director, Indian School of Public Policy, saying that it was a notable omission in the budget. On Jan 31, the Economic Survey of 2022-23 … [Read more...] about Budget 2023: The curious case of National Monetisation Pipeline’s omission

Govt could use the additional headroom available from subsidy savings on ramping up capex in Budget 2023. ICICI Direct's currency report on GBPINR The pound depreciated by 1.20% yesterday after the Bank of England raised its interest rate by 50 basis points to 4.00% in its 10th straight hike while hinting that rates were near their peak. Further, the sterling was pressurised by a strong dollar and sharp drop in UK 10 year bond yields. The pound is expected to trade with a negative bias for the day amid strong dollar and sharp decline in UK 10 year bond yields. Further, market participants will closely watch services PMI and composite PMI data from the UK to gauge economic health of the country. GBPUSD is likely to break the key support level of 1.2180 to continue its downward trend towards the level of 1.2120. GBPINR (February) is expected to drop towards the level of 100.90. Intra-day strategy GBPINR Feb futures contract (NSE) Sell GBPINR in the range … [Read more...] about Sell GBPINR; target of : 100.90 : ICICI Direct

The lender's net interest income rose by 13 percent to Rs 4,840 crore for the December quarter from Rs 4,284 crore in the corresponding quarter of FY22. Its total interest income rose to Rs 14,457 crore from Rs 11,055 crore in the year-ago period. Total revenue from operations was Rs 15,230.12 crore, up from Rs 11,783.60 crore in the year-ago period. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Housing Development Finance Corporation (HDFC) share price edged higher in the morning session on February 3, a day after the company declared its December quarter earnings. The country's largest housing finance on February 2 reported a healthy 13 percent increase in its net profit increase in net profit for the December quarter on the back of strong loan disbursals and stable yield spreads. Housing Development Finance Corporation … [Read more...] about HDFC stock price rises on good Q3, Motilal Oswal expects 15% upside

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Standalone quarterly numbers for Sintex Industries are: Net Sales at Rs 698.54 crore in December 2022 down 27.82% from Rs. 967.75 crore in December 2021. Quarterly Net Loss at Rs. 825.70 crore in December 2022 down 757.78% from Rs. 96.26 crore in December 2021. EBITDA stands at Rs. 7.91 crore in December 2022 down 95.55% from Rs. 177.75 crore in December 2021. Sintex Ind shares closed at 2.60 on February 02, 2023 (NSE) and has given -68.10% returns over the last 12 months. Sintex Industries Standalone Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from operations 698.54 654.65 967.75 Other Operating Income -- -- -- Total Income From Operations 698.54 654.65 967.75 … [Read more...] about Sintex Ind Standalone December 2022 Net Sales at Rs 698.54 crore, down 27.82% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Standalone quarterly numbers for GIC Housing Finance are: Net Sales at Rs 280.81 crore in December 2022 down 3.71% from Rs. 291.64 crore in December 2021. Quarterly Net Profit at Rs. 65.41 crore in December 2022 down 14.53% from Rs. 76.53 crore in December 2021. EBITDA stands at Rs. 268.46 crore in December 2022 up 138.65% from Rs. 112.49 crore in December 2021. GIC Housing Fin EPS has decreased to Rs. 12.15 in December 2022 from Rs. 14.21 in December 2021. GIC Housing Fin shares closed at 190.45 on February 02, 2023 (NSE) and has given 38.16% returns over the last 6 months and 17.24% over the last 12 months. GIC Housing Finance Standalone Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from operations … [Read more...] about GIC Housing Fin Standalone December 2022 Net Sales at Rs 280.81 crore, down 3.71% Y-o-Y