Equity Market Fundamental Report & Equity Tips

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Equity Market Fundamental Report & Equity Tips

Stock Market News and Analysis: Equity benchmarks continue its downtrend on the fifth straight day with Nifty finished below 11,300 level. Among the sectors, metal index dragged over 2%, followed by energy, auto, IT, infra and pharma. Nifty closed at 11271.30 and for coming session its key support is at 11200 while on higher side its resistance is at 11330   Headlines for the day:
  • ZEEL Q1FY20 consolidated net profit rises 62.6% yoy to Rs529.8 crore.
  • Hindustan Unilever Q1FY20 standalone net profit rises 14.8% yoy to Rs1,755 crore.
  • L&T Q1FY20 consolidated net profit rises 20.5% yoy to Rs1,360.50 crore.
Key stocks:
  • Jubilant Foodworks reported its first quarter results for FY20. Profit after tax in Q1FY20 came in at Rs74.8 crore. Operating revenues for Q1FY20 stood at Rs940 crore, a growth of 9.9% over Q1FY19.
  • Asian Paints Ltd share prices surged higher after posting a strong set of numbers for the quarter, beating the estimates on all fronts. The company’s consolidated revenue rose 16.9% yoy to Rs5,130.6 crore. The company reported PAT growth of 17.9% yoy to Rs672.1 crore, 21% higher than the estimate.
  • Karur Vysya Bank reported a 58.8% yoy jump in its Q1FY20 net profit at Rs72.9 crore versus Rs46 crore. Net interest income of the company was at Rs584 crore against Rs583.6 crore. The bank’s gross NPA was up 9.17% versus 8.79% qoq, while net NPA was at 4.94% against 4.98% qoq.
  • Torrent Pharmaceuticals registered a 32.51% rise in its consolidated PAT at Rs216 crore for the quarter ended June 30 versus Rs163 crore yoy. The rise in PAT was mainly on account of strong sales in most geographies.
  • Mahindra & Mahindra Financial Services Limited registered a Profit After Tax at Rs108 crore during the quarter ended June 30, 2019, versus Rs322 crore during the corresponding quarter last year, a decline of 66% over the same period previous year.
  • Zydus Cadila announced the Day I launch of Ramelteon Tablets, 8 mg upon receiving the final approval from the US Food & Drug Administrati Shares of Zydus Wellness are trading flat with a positive bias.
  • SBI Life Insurance registered a 5% yoy growth in Profit After Tax (PAT) at Rs372 crore due to a 52% yoy rise in new business premium in Q1FY2 The company's pure term insurance new business premium collection more than doubled at Rs436 crore.
  • Calls for Tomorrow :
  • CALL: SELL TATAMOTOR EQ BELOW 150.35 TARGETS 148.85/147.30/145.80 SL 151.85 Description: Stock settled near its key support with bearishly bias. Hence rally is expected below the mentioned level
  • CALL: SELL AUROPHARMA EQ BELOW 545.70 TARGETS 540.20/534.75/539.30 SL 551.20. Description: Stock settled near its immediate support with bearishly bias. Hence breakout is expected ahead.
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