Latest Stock Market News

AU Small Finance Bank reported a 32 per cent year-on-year (YoY) growth in net income to Rs 268 crore in the June quarter on better asset quality and higher loan sales that grew more than fourfold.The biggest boost to the bottom line of the private lender has come from a massive improvement in the asset quality, with gross steeply falling to 1.96 per cent.

It is expected that the power and fuel costs for the quarter might have jumped 10-15 per cent, sequentially. Besides, the numbers may show a 5-7 per cent sequential increase in freight cost.Higher pet coke and thermal coal prices in the past six months are likely to drag the quarterly numbers, the ET NOW poll suggested.

As foreign investors own about 18-20 per cent of the Indian market, the INR/USD value impacts stock market investors. Forex experts say the buoyancy in the dollar index seems to be petering out.“July trends show FII outflows from the equity markets have slowed during the first fortnight, while Indian markets have managed to fetch some gains during the last 30 days, even as pain persists in global equities.

Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 24759.43 Crore) operating in Chemicals sector.

So, both these expenses are then deducted from EBITDA to arrive at PBT (Profit before taxes). Lastly, the company pays corporate taxes and the amount left after subtracting it, is profit or loss for the shareholders.

A total of 60,776 shares changed hands on the counter till 02:06PM (IST).

On the technical charts, the 200-day moving average of the stock stood at Rs 1166.46.

“ Syngene has signed a 10-year strategic deal with Zoetis in animal health: It was a real piece of innovation from Zoetis and we are delighted to sign the deal which is a strategic one and is in the biologics manufacturing part of the organisation. They should get going with that set up starting this year and then we will start to see it in the P&L much more strongly from next year. It starts the rebalancing of the organisation.”

The Nikkei share average ended up 0.44% at 27,803, topping the six-week high reached the previous day. The broader Topix added 0.21% to 1,950.59.The gains came as the BOJ maintained ultra-low interest rates, compared with a slew of global central banks tightening policies, but it projected inflation this year to be at 2.3%, higher than its 2% target.

“The appreciation in the ITC stock price has little to do with the underlying growth of the businesses, probably still in single digit but it is all about expectations of corporate actions and hopes that there would be demerger of various businesses. I would not want to read anything beyond that.”