16 JANUARY BSE AND NSE MARKET NEWS

-
 Sensex up nearly 100 points, Nifty well above 10,900; IndusInd Bank up 2%
RIL Q3 PREVIEW Oil-retail-to-telecom conglomerate Reliance Industries is expected to report strong set of earnings for the quarter-ended December 2018 driven by retail, telecom and petrochemical businesses. But slightly weak performance in refining segment may impact profitability.
The country's largest company by market capitalisation will announce its December-quarter earnings on January 17. The key data points to look at in results would be the growth in retail, telecom and petrochemical businesses.
"Petrochemical segment is expected to do better due to healthy deltas and strong volume growth in the segment. Positive developments in the telecom and retail segments should drive growth further for the company," Motilal Oswal said.
Antique Stock Broking said consolidated profit could be marginally higher QoQ  (and up 3 percent YoY) on robust profitability in retail segment, coupled with healthy earnings in Jio, lower interest cost and higher other income. This could offset weakness in refining and petrochemical margins.
Source: www.moneycontrol.com
For more details visit : https://investmentvisor.com/

Comments

Post a Comment

Popular posts from this blog

Asian Paints Q3 preview: Brokerages expect double-digit growth in revenue, volume

-
Image
The price hike and fall in raw material prices could support operational growth QoQ but it is likely to remain lower compared to year-ago due to use of high cost inventory Asian Paints  is likely to post double-digit growth in volume as well as revenue, but weak operating margin may limit profitability despite price hikes and lower cost of raw material YoY. Overall, brokerages expect the revenue to grow in the range of 12-17 percent year-on-year, driven by expected volume growth of around 12-13 percent for the quarter ended December 2018. For the quarter, Edelweiss Securities said it expects Asian Paints to report around 12 percent YoY volume growth on a base of 6 percent (Q2FY19 saw 11 percent volume growth on a base of 8 percent) and sales to grow 13 percent YoY. "The demand shift due to postponement in festive season should aid volumes coupled with a soft base. The total effective price hike of around 3.25 percent YoY should be seen for the quarter. Price...
Read more

Stocks in the news: RIL, HUL, Lupin, Aurobindo Pharma, Cyient, Wipro, AU Small Finance

-
Image
Reliance Industries | Hindustan Unilever | Lupin | Aurobindo Pharma | Rallis India | Cyient and L&T Technology Services are stocks which are in the news today. Reliance Industries  Q3: Consolidated profit grows 7.7 percent to Rs 10,251 crore versus Rs 9,516 crore, revenue increases 9.1 percent to Rs 1.56 lakh crore versus Rs 1.43 lakh crore QoQ. Reliance Jio  Q3: Profit jumps 22.1 percent to Rs 831 crore versus Rs 681 crore, revenue rises 12.4 percent to Rs 10,383 crore versus Rs 9,240 crore QoQ. Hindustan Unilever  Q3: Profit rises 8.9 percent to Rs 1,444 crore versus Rs 1,326 crore; revenue increases 11.3 percent to Rs 9,558 crore versus Rs 8,590 crore YoY. Volume growth unchanged at 10 percent (QoQ) & versus 11 percent YoY. AU Small Finance Bank  Q3: Profit rises 20.8 percent to Rs 95.3 crore versus Rs 79 crore; net interest income jumps 38.9 percent to Rs 348 crore versus Rs 250.4 crore YoY. L&T Technology Services  Q3: P...
Read more

Technical View: Nifty forms 'Hanging Man' pattern, rangebound trade seen till 10,825

-
Image
Mazhar Mohammad of Chartviewindia.in advised traders to avoid long positions for the time being unless it registers a decisive breakout backed by favourable advance decline ratio suggesting broad based participation. The Nifty50 recovered from day's low but still ended in the red and snapped five-day winning streak on Tuesday, dragged by weak global cues. The index after rising more than 200 points in previous five consecutive sessions declined and formed 'Hanging Man' kind of pattern on the daily scale. A Hanging Man is a bearish reversal candlestick pattern which is usually formed at the end of an uptrend or at the top. In a perfect 'Hanging Man' pattern either there will be a small upper shadow or no upper shadow at all, a small body and long lower shadow. The Nifty50 after opening marginally lower at 10,949.80, which was also a day's high, extended losses to hit an intraday low of 10,864.15 in afternoon. The index managed to trim los...
Read more