flying bird

Tricks and Tips

Wednesday 7 August 2019

CAPITALSTARS WEDNESDAY MARKET WRAP UP NEWS UPDATE : 07 AUGUST 2019

CapitalStars Investment Adviser

Market at close: The last hour selling has pulled the indices to the day's low level after remained volatile as Reserve Bank of India (RBI) has cut the repo rate by 35 bps at 5.40 in its policy meet.

At close, the Sensex was down 286.35 points at 36,690.50, while Nifty was down 92.80 points at 10,855.50. About 1107 shares have advanced, 1348 shares declined, and 159 shares are unchanged.

Indiabulls Housing, M&M, Tata Steel, Tata Motors and BPCL were among major losers on the Nifty, while gainers were Zee Entertainment, Cipla, HUL, Yes Bank and Hero Motocorp.

Except IT and pharma, all other sectoral indices ended in the red led by bank, metal, auto, energy and infra. BSE midcap and smallcap index ended with marginal loss.


Adani Ports Q1 earnings:

The company's Q1 net profit at Rs 1,022.4 crore including one-time loss at Rs 58.6 crore. Revenue of the company for the June quarter was at Rs 2,794.5 crore

Its other income was up Rs 422.5 crore versus Rs 292.8 crore. EBITDA margin was up at 66.1% versus 52.8%.

Cipla Q1 result:

The company's Q1 consolidated net profit was up 6 percent at Rs 478.2 crore against Rs 451.3 crore. Revenue was up at Rs 3,989 crore against Rs 3,940 crore, YoY.

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 24.4% at Rs 904.6 crore against Rs 727.4 crore and margin was up 220 bps at 22.7 percent versus 18.5 percent.

CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -
CAPITALSTARS CALL US : 9977499927





0 comments:

Post a Comment