Market Continues to Descent; Havells Q2 Result Beats, Maruti Missed Estimates
Nifty gapped lower this morning, following global cues. After finding support near 11,600, Nifty moved 100 points off-lows in the first hour itself. After trading with modest losses, Nifty slipped in ... Nifty gapped lower this morning, following global cues. After finding support near 11,600, Nifty moved 100 points off-lows in the first hour itself. After trading with modest losses, Nifty slipped in the second half and closed 50bps lower. VIX has increased to 24 from a low of 17 at the start of October. Nifty is trading at 1% and 9% above its 50- and 200-DMA, respectively. On the sectoral front, barring Nifty IT (+0.3%), all other indices closed in the red. The selling pressure was not just concentrated in one sector. Nifty Auto, Bank, Financial Services, Pharma, Metal, and FMCG closed 50–100bps lower. Of 2,213 stocks traded, 649 advanced, 1,169 declined, and the rest remained unchanged. Looking forward, we would like Nifty to reclaim its 21-DMA. If it fails to reclaim the 21-DMA, 50-DMA (11,542) can act as strong support. We will continue to monitor general conditions and the behavior of leading stocks, looking for evidence that a real move is commencing. During this time, one should look for stocks with quality fundamentals, RS line trending higher, and breaking out from consolidation areas. Key News Laurus Labs (+2.3%): Q2 FY21 revenue increased 60% y/y to Rs 1,139 crore. PAT was up 329% y/y to Rs 242.2 crore, while margin expanded 1,350bps y/y to 32.8%. Bank Of Baroda (+2.3%) Q2 FY21 results came above estimates. Asset quality also improved. GNPA down 25bps q/q to 9.14% and NNPA down 32bps q/q to 2.51%. Havell's India (-0.5%) Q2 FY21 results beat estimates on all fronts. Revenue increased 10.2% y/y to Rs 2,459 crore. PAT was up 82% y/y to Rs 326 crore. Margin expanded 660bps y/y to 17.1%. Maruti Suzuki India (-1%) Q2 FY21 results missed estimates on all fronts. Revenue increased 10.1% y/y to Rs 18,744 crore. PAT was up 1% y/y to Rs 1,371 crore. Margin expanded 86bps y/y to 10.32%. Check out MarketSmith India for more. Source: Free Articles from ArticlesFactory.com One stop solution for all your Stock Market needs. Get stock market ideas and stock predictions all at one place. A proprietary tool by William O'Neil India following CANSLIM method of investing..
Top blog stories
A review of Idmobile.com
Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.
Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.
AO.co is a trusted expert in TVs, washing machines, clothes dryers and other household appliances. AO.com is one of the largest retailers in the UK and it specializes in electronics, clothes and home furniture.
At Three, we believe phones are good. They just make life better. Easier. And more fun. But
we all need to find a balance that works for us. Our mission is to help our customers use
their phones to live their best lives.
We make your life easier
Since 1992, we’ve been helping customers get the best deal on their dream phone. We firmly believe in giving you the highest quality, for the lowest price. That’s why we work with three of the UK’s leading networks to do all the haggling for you,...
At Halfords, we're all about the journey. With more than 700 stores with over 10,000 colleagues, we're the UK's leading retailer of automotive and cycling products. We are also the leading operator in MOT, tyres, car servicing and car repairs - pleasing more than 750,000 customers every year.
It's important to us that everyone gets great customer service and can enjoy our products, no matter their level of sight. So, if you're blind, partially sighted or struggle to see or read the screen, we’ve a range of features to help you get the most from our products and...
Look iconic, without the hassle— using Nasty Gal discount codes, you can shop your favorite pieces for way less by simply entering one of our promotional codes (of your choice) at the checkout. From delivery offers, to promo deals, we keep ‘em coming, so you always have the offer you...
The Covid-19 has caused the school and universities to shut down around the world creating a major issue in Learning and Education. As this virus spreads through the interaction and if social distanci... The Covid-19 has caused the school and universities to shut down around the world creating a major...
Why its Important to Manage Your Holiday Calendars?
A printable calendar 2021 is a prominent online platform where you download printable calendars of your choice. These calendars can be customized as per our client requirement with photo, text, logo, or any other image. If you are thinking of planning a dream vacation tour with family and kids but...
In my opinion, philosophies in business can be applied in life and vice versa. People have to realize that successful business owners didn't acquire their wealth by sheer luck. They think and act differently that the rest. Source: Free Articles from ArticlesFactory.com
Satin nightgowns are a glamorous ladies sleepwear option with so much more appeal than their intimate apparel cousin, the cotton nightgown. Silky satin is a soft and rich fabric with luxurious appeal that has won the hearts of lingerie fans everywhere. Rich satin nightgowns are a glamorous sleepwear choice compared...
A nursing nightgown is a must have lingerie drawer basic for new mothers. This popular type of nightgown is specially designed for breastfeeding moms, and is highly recommended as it makes things a lot easier and more comfortable for both the new mother and her baby. A nursing nightgown is...
Think. Act. Speak. Living green can be summed up in these three words. Greening up your life isnt just about changing your light bulbs. Its how you think, what actions you take, and who you infl... Think. Act. Speak. Living green can be summed up in these three words. Greening...
The fantastic selection of ladies sleepwear has never been as tempting or affordable as it is today. Discover which cotton nightgown fits you best Since almost the beginning of time, a great ladies sleepwear basic has been the cotton nightgown. Cotton is a natural fabric that is well known for...
Many people prefer the Sony reader to any other make of e-reader, but they often don't know how to resolve some of the problems they might come across. Here are 12 tips to help you resolve some of the more common problems, and allow you to make better use of...
With all new HDTV being announced in the tv market, all of them claim to have advanced technology features which encourage you to get another tv although you already have one. However, buying an HDTV is a long term investment, there are several important things you need to think about...
Everybody wants to be green. Its sexy, its cool, and its socially responsible being green. Unfortunately it can also be paradoxical and elusive. Is it green to lay down bamboo floo... Everybody wants to be green. Its sexy, its cool, and its socially responsible being green. Unfortunately it can also...
Many large businesses and corporations have started funding and promoting greener ways and strategies. Take, for example, Wal-Marts funding of the first heavy-duty diesel hybrid 18-wheelers or... Many large businesses and corporations have started funding and promoting greener ways and strategies. Take, for example, Wal-Marts funding of the first heavy-duty...
You've got the names of lots of local wedding photographers but which one do you trust to shoot the biggest event of your life? In this article I'll help you choose your dream wedding photographer and highlight a few of the pitfalls you will want to avoid. Source: Free Articles...
Search topic
Selecting a Wedding Photographer.
You've got the names of lots of local wedding photographers but which one do you trust to shoot the biggest event of your life? In this article I'll help you choose your dream wedding photographer and highlight a few of the pitfalls you will want to avoid. Source: Free Articles...