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| As on Nov 20, 2019 12:00 AM |
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Low cost air carrier, SpiceJet announced that it has signed a memorandum of understanding (MoU) with Gulf Air, the national carrier of the Kingdom of Bahrain, to explore greater cooperation between the two airlines including an interline and codeshare agreement, coordinated cargo services, engineering services and pilot training. On the BSE, 5.91 lakh shares were traded in the counter so far compared with average daily volumes of 3.74 lakh shares in the past two weeks. SpiceJet operates 630 average daily flights to 64 destinations, including 54 domestic and 10 international ones.
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Shares of Vodafone Idea rallied 144.74% in the past four trading sessions to its current market price of Rs 7.22, from its recent closing of low of Rs 2.95 on Thursday, 14 November 2019. On 18 November 2019, Vodafone Idea said it will increase tariffs effective 1 December 2019. Meanwhile, as per Telecom Regulatory Authority of India (TRAI)'s data, Vodafone Idea lost 25.76 lakh users in September to take its total user base to 37.24 crore. On consolidated basis, Vodafone Idea reported a net loss of Rs 50,921.9 crore in Q2 September 2019 as against a net loss of Rs 4973 crore in Q2 September 2018. Net sales grew 41.8% to Rs 10840.20 crore on a YoY basis. The Supreme Court (SC) judgment on 24 October on the Adjusted Gross Revenue (AGR) significantly impacted the financial stability of the company. SC provided the company a 90 days time to pay the amount and report compliance. Consequent to the SC judgement, the company accounted for the estimated liability of Rs 27,610 crore related to license fee and Rs 16,540 crore related to spectrum usage charges up to 30 September 2019 including the interest, penalty and interest thereon of Rs 33,010 crore. Gross debt as of 30 September 2019 was Rs 1,17,300 crore, including deferred spectrum payment obligations due to the government of Rs 89,170 crore, but excluding lease liabilities. Cash & cash equivalents were Rs 15,390 crore and net debt Rs 1,01,910 crore (vs Rs 99,260 crore in Q1FY20). Finance minister Nirmala Sitharaman on Friday, 15 November 2019, indicated that the government intends to address the concerns of telecom companies. I want no company to shut operations. I want everyone to be up and running. We want the economy to have good number of companies in business and flourish in their business. Not just telecom sector, my wish is all companies in all sector(s) be able to do business, service their market customer and survive. So with that approach, the finance ministry has always been talking and in telecom too that's the approach we have taken, Sitharaman told the media. FM also said that the Government is looking for ways to support the debt laden telecom sector.
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Oriental Bank of Commerce, Indiabulls Integrated Services Ltd, Reliance Capital Ltd and Reliance Power Ltd are among the other losers in the BSE's 'A' group today, 20 November 2019. Godfrey Phillips India Ltd crashed 6.53% to Rs 1143.45 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 13837 shares were traded on the counter so far as against the average daily volumes of 13431 shares in the past one month. Oriental Bank of Commerce lost 5.83% to Rs 58.95. The stock was the second biggest loser in 'A' group.On the BSE, 8.32 lakh shares were traded on the counter so far as against the average daily volumes of 2.32 lakh shares in the past one month. Indiabulls Integrated Services Ltd tumbled 5.00% to Rs 66.5. The stock was the third biggest loser in 'A' group.On the BSE, 1563 shares were traded on the counter so far as against the average daily volumes of 22144 shares in the past one month. Reliance Capital Ltd slipped 5.00% to Rs 18.05. The stock was the fourth biggest loser in 'A' group.On the BSE, 33255 shares were traded on the counter so far as against the average daily volumes of 4.8 lakh shares in the past one month. Reliance Power Ltd shed 4.99% to Rs 3.43. The stock was the fifth biggest loser in 'A' group.On the BSE, 47.26 lakh shares were traded on the counter so far as against the average daily volumes of 55.32 lakh shares in the past one month.
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The stock has fallen 6.21% in three session to its current market price of Rs 522.70 from a recent closing high of Rs 559.80 on 15 November 2019. The selling was triggered by media reports suggesting that women protesters in Assam are seeking a ban on micro-finance companies. According to media reports, several organisations under the banner of Jagrata Mahila Suraksha Samaj staged a protest against microfinance companies which they alleged had ruined the rural economy. The Samaj demanded that these microfinance companies should be banned from operating in Assam. Alleging that these companies were charging exorbitant rates of interest on loans and that their accounts checked for malpractices, they said the extra interest which had been collected should be returned. The reports added that 18% of Bandhan Bank's assets under management (AUM) are from Assam. As per the Bandhan Bank's 2018-19 annual report, 73 branches of the bank (out of the total 986 bank branches) and 346 doorstep service centres (DSCs) (of the total 3,014 DSCs) are located in Assam. The state is one of the biggest source of business for the bank as it has the second highest number of bank branches and DSCs after West Bengal. The bank reported 99.3% jump in net profit to Rs 971.80 crore on a 66.1% increase in total income to Rs 3050.55 crore in Q2 September 2019 over Q2 September 2018. Bandhan Bank is a banking and financial services company.
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Premier Polyfilm Ltd, Pokarna Ltd, Hindustan Fluoro Carbons Ltd and Sambhaav Media Ltd are among the other losers in the BSE's 'B' group today, 20 November 2019. Accelya Solutions India Ltd lost 15.88% to Rs 1005.7 at 14:33 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 13271 shares were traded on the counter so far as against the average daily volumes of 1717 shares in the past one month. Premier Polyfilm Ltd tumbled 10.34% to Rs 16.05. The stock was the second biggest loser in 'B' group.On the BSE, 100 shares were traded on the counter so far as against the average daily volumes of 698 shares in the past one month. Pokarna Ltd crashed 9.99% to Rs 92.35. The stock was the third biggest loser in 'B' group.On the BSE, 58055 shares were traded on the counter so far as against the average daily volumes of 6064 shares in the past one month. Hindustan Fluoro Carbons Ltd dropped 9.21% to Rs 8.67. The stock was the fourth biggest loser in 'B' group.On the BSE, 215 shares were traded on the counter so far as against the average daily volumes of 2369 shares in the past one month. Sambhaav Media Ltd plummeted 8.91% to Rs 3.58. The stock was the fifth biggest loser in 'B' group.On the BSE, 13571 shares were traded on the counter so far as against the average daily volumes of 19249 shares in the past one month.
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Jain Irrigation Systems Ltd, Oil India Ltd, GE Power India Ltd, Vardhman Textiles Ltd are among the other stocks to see a surge in volumes on NSE today, 20 November 2019. Gujarat Pipavav Port Ltd saw volume of 25.35 lakh shares by 14:14 IST on NSE, a 11.98 fold spurt over two-week average daily volume of 2.12 lakh shares. The stock dropped 0.12% to Rs.85.80. Volumes stood at 67964 shares in the last session. Jain Irrigation Systems Ltd saw volume of 93.31 lakh shares by 14:14 IST on NSE, a 5.78 fold spurt over two-week average daily volume of 16.14 lakh shares. The stock dropped 3.06% to Rs.11.10. Volumes stood at 43.87 lakh shares in the last session. Oil India Ltd notched up volume of 25.05 lakh shares by 14:14 IST on NSE, a 5.15 fold spurt over two-week average daily volume of 4.87 lakh shares. The stock slipped 1.80% to Rs.158.35. Volumes stood at 4.6 lakh shares in the last session. GE Power India Ltd registered volume of 90271 shares by 14:14 IST on NSE, a 5.11 fold spurt over two-week average daily volume of 17661 shares. The stock rose 0.86% to Rs.706.00. Volumes stood at 14660 shares in the last session. Vardhman Textiles Ltd registered volume of 1.03 lakh shares by 14:14 IST on NSE, a 4.72 fold spurt over two-week average daily volume of 21864 shares. The stock rose 0.69% to Rs.899.95. Volumes stood at 6216 shares in the last session.
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Among the components of the S&P BSE Realty Index index, Godrej Properties Ltd (down 2.75%), Indiabulls Real Estate Ltd (down 1.66%),Sunteck Realty Ltd (down 1.19%),Mahindra Lifespace Developers Ltd (down 1.16%),DLF Ltd (down 1.02%), were the top losers. Among the other losers were Phoenix Mills Ltd (down 0.44%), and Omaxe Ltd (down 0.03%). On the other hand, Oberoi Realty Ltd (up 1.79%), Prestige Estates Projects Ltd (up 0.08%), and Sobha Ltd (up 0.06%) moved up. At 13:48 IST, the S&P BSE Sensex was up 246.28 or 0.61% at 40715.98. The Nifty 50 index was up 63.15 points or 0.53% at 12003.25. The S&P BSE Small-Cap index was up 11.64 points or 0.09% at 13416.15. The S&P BSE 150 Midcap Index index was up 7.28 points or 0.16% at 4695.93. On BSE,1149 shares were trading in green, 1238 were trading in red and 175 were unchanged.
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Shares of Bharti Airtel jumped 21.93% in four trading sessions to its current market price of Rs 442.20, from its recent closing low of Rs 362.65 on Thursday, 14 November 2019. The stock hit a 52-week high of Rs 452.95 today. Bharti Airtel on 18 November 2019 announced that it will appropriately increase mobile tariffs from December 2019. The telecom sector is highly capital intensive with fast changing technology cycles that require continuing investments. It is, therefore, extremely important that the industry remains viable to support the vision of Digital India, the firm said. While continuing to provide affordable tariffs to customers, the company said it would balance the needs of the company to remain viable and thereby continue to invest in the much needed digital infrastructure and maintain the quality standards required by its customers. Meanwhile, as per the Telecom Regulatory Authority of India (TRAI) data, Bharti Airtel lost 23.8 lakh users in September to take its total user base to 32.55 crore. The telecom major reported consolidated net loss of Rs 23,044.90 crore in Q2 September 2019 compared with net profit of Rs 118.80 crore in Q2 September 2018. Total revenues rose 4.9% to Rs 21,131 crore in Q2 September 2019 from Rs 20,148 in Q2 September 2018. On 24 October 2019, the Supreme Court of India delivered a judgement in relation to a long outstanding industry-wide case upholding the view considered by Department of Telecommunications (DoT) in respect of the definition of Adjusted Gross Revenue (AGR) (Court Judgement). This Court Judgement has significant financial implications on the company. The Supreme Court has allowed a period of three months to the affected parties to pay amounts due to DoT. The company is hopeful of relief and in the absence of the same, has provided for an additional amount aggregating Rs 28,450 crore as a charge for the quarter (comprising of principal of Rs 6,164 crore, interest of Rs 12,219 crore, penalty of Rs 3,760 crore, and interest on penalty of Rs 6,307 crore) with respect to the license fees estimated based on the Court Judgement and spectrum usage charges (SUC) as estimated based on the definition of AGR. These provisions have been made without prejudice to the company's right to contest DoT's demands on facts as well as on rights available in law. Thus the liabilities/provisions as at 30 September 2019 aggregate Rs 34,260 crore (comprising of principal of Rs 8,747 crore, interest of Rs 15,446 crore, penalty of Rs 3,760 crore and interest on penalty of Rs 6,307 crore). Finance minister Nirmala Sitharaman on Friday, 15 November 2019, indicated that the government intends to address the concerns of telecom companies. I want no company to shut operations. I want everyone to be up and running. We want the economy to have good number of companies in business and flourish in their business. Not just telecom sector, my wish is all companies in all sector(s) be able to do business, service their market customer and survive. So with that approach, the finance ministry has always been talking and in telecom too that's the approach we have taken, Sitharaman told the media. FM also said that the Government is looking for ways to support the debt laden telecom sector. Bharti Airtel is a leading global telecommunications company with operations in 18 countries across Asia and Africa.
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Hindustan Unilever Ltd fell for a fifth straight session today. The stock is quoting at Rs 2025.55, down 0.6% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.69% on the day, quoting at 12022.1. The Sensex is at 40743.13, up 0.68%.Hindustan Unilever Ltd has eased around 4.79% in last one month.Meanwhile, Nifty FMCG index of which Hindustan Unilever Ltd is a constituent, has eased around 2.01% in last one month and is currently quoting at 30972.95, up 0.16% on the day. The volume in the stock stood at 6 lakh shares today, compared to the daily average of 13.4 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 2030.4, down 0.64% on the day. Hindustan Unilever Ltd jumped 19.86% in last one year as compared to a 13.42% rally in NIFTY and a 5.56% spurt in the Nifty FMCG index. The PE of the stock is 65.71 based on TTM earnings ending September 19.
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Britannia Industries Ltd fell for a fifth straight session today. The stock is quoting at Rs 3107.4, down 0.42% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.69% on the day, quoting at 12022.1. The Sensex is at 40743.13, up 0.68%.Britannia Industries Ltd has eased around 4.33% in last one month.Meanwhile, Nifty FMCG index of which Britannia Industries Ltd is a constituent, has eased around 2.01% in last one month and is currently quoting at 30972.95, up 0.16% on the day. The volume in the stock stood at 3.73 lakh shares today, compared to the daily average of 4.43 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 3113.45, down 0.54% on the day. Britannia Industries Ltd jumped 3.5% in last one year as compared to a 13.42% rally in NIFTY and a 5.56% spurt in the Nifty FMCG index. The PE of the stock is 57.03 based on TTM earnings ending September 19.
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| Simbhaoli Sugars (down 4.62%), Dhampur Sugar Mills (down 2.88%), Bajaj Hindusthan Sugar (down 2.28%), Dwarikesh Sugar Industries (down 2%), EID Parry (India) (down 1.62%), Dalmia Bharat Sugar (down 1.53%), Sakthi Sugars (down 1.1%) and Triveni Engineering & Industries (down 1.02%) were top losers in sugar segment. Meanwhile, the S&P BSE Sensex was up 0.73% at 40,765.15. As on 15 November, 100 sugar mills were crushing sugarcane, as compared to 310 sugar mills last year, industry body Indian Sugar Mills Association (ISMA) said. During the current 2019-20 season, sugar production as on 15 November 2019 was 4.85 lakh tonnes, as compared to 13.38 lakh tonnes produced as on 15 November 2018 in 2018-19, a declined of 63.75%. According to ISMA, the reason for lower sugar production as compared to last season is that sugar mills in Maharashtra have not yet started their crushing operation this season. Maharashtra and Karnataka faced drought last year, because of which the area planted under sugarcane therein has dropped by about 30% as compared to last season. Plus the recent floods and extra rainfall have affected the crop further. As per trade and port information, about 2 lakh tonnes of sugar have already been shipped out for exports. From market sources and information from sugar mills, it is learnt that contracts for another 12 lakh tonnes have been signed by the parties for exports, ISMA added.
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REC Ltd gained for a third straight session today. The stock is quoting at Rs 146.25, up 2.31% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.72% on the day, quoting at 12025.75. The Sensex is at 40761.61, up 0.72%. REC Ltd has gained around 9.3% in last one month. Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has gained around 5.2% in last one month and is currently quoting at 14008.9, up 0.21% on the day. The volume in the stock stood at 48.58 lakh shares today, compared to the daily average of 47.25 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 146.2, up 2.09% on the day. REC Ltd is up 17.28% in last one year as compared to a 13.45% jump in NIFTY and a 26.61% jump in the Nifty Financial Services index. The PE of the stock is 5.29 based on TTM earnings ending September 19.
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IndusInd Bank Ltd is up for a third straight session today. The stock is quoting at Rs 1455.5, up 4.51% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.72% on the day, quoting at 12025.75. The Sensex is at 40761.61, up 0.72%. IndusInd Bank Ltd has gained around 8.54% in last one month. Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has gained around 6.79% in last one month and is currently quoting at 31236.25, up 0.55% on the day. The volume in the stock stood at 44.15 lakh shares today, compared to the daily average of 44.58 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 1457.1, up 4.28% on the day. IndusInd Bank Ltd is down 5.9% in last one year as compared to a 13.45% jump in NIFTY and a 19.59% jump in the Nifty Bank index. The PE of the stock is 23.19 based on TTM earnings ending September 19.
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Bank of India rose for a fifth straight session today. The stock is quoting at Rs 74.15, up 0.07% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.73% on the day, quoting at 12027.25. The Sensex is at 40761.58, up 0.72%. Bank of India has added around 15.32% in last one month. Meanwhile, Nifty PSU Bank index of which Bank of India is a constituent, has added around 14.3% in last one month and is currently quoting at 2589.25, down 0.19% on the day. The volume in the stock stood at 112.23 lakh shares today, compared to the daily average of 112.84 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 74.65, up 0.13% on the day. Bank of India is down 15.26% in last one year as compared to a 13.46% gain in NIFTY and a 12.81% gain in the Nifty PSU Bank index. The PE of the stock is 0 based on TTM earnings ending September 19.
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Canara Bank is up for a fifth straight session in a row. The stock is quoting at Rs 223.5, up 1.06% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.73% on the day, quoting at 12027.25. The Sensex is at 40761.58, up 0.72%. Canara Bank has added around 17.82% in last one month. Meanwhile, Nifty PSU Bank index of which Canara Bank is a constituent, has added around 14.3% in last one month and is currently quoting at 2589.25, down 0.19% on the day. The volume in the stock stood at 108.27 lakh shares today, compared to the daily average of 89.11 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 224.2, up 1.13% on the day. Canara Bank is down 15.05% in last one year as compared to a 13.46% gain in NIFTY and a 12.81% gain in the Nifty PSU Bank index. The PE of the stock is 36.19 based on TTM earnings ending September 19.
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Cadila Healthcare Ltd rose for a fifth straight session today. The stock is quoting at Rs 247.45, up 1.54% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.73% on the day, quoting at 12027.25. The Sensex is at 40761.58, up 0.72%. Cadila Healthcare Ltd has added around 0.9% in last one month. Meanwhile, Nifty Pharma index of which Cadila Healthcare Ltd is a constituent, has added around 3.91% in last one month and is currently quoting at 7851.45, up 2.51% on the day. The volume in the stock stood at 10.93 lakh shares today, compared to the daily average of 14.54 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 250.3, up 2.58% on the day. Cadila Healthcare Ltd is down 31% in last one year as compared to a 13.46% gain in NIFTY and a 14.15% gain in the Nifty Pharma index. The PE of the stock is 18.73 based on TTM earnings ending September 19.
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Lupin Ltd rose for a fifth straight session today. The stock is quoting at Rs 765.3, up 2.35% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.73% on the day, quoting at 12027.25. The Sensex is at 40761.58, up 0.72%. Lupin Ltd has added around 2.61% in last one month. Meanwhile, Nifty Pharma index of which Lupin Ltd is a constituent, has added around 3.91% in last one month and is currently quoting at 7851.45, up 2.51% on the day. The volume in the stock stood at 13.98 lakh shares today, compared to the daily average of 16.46 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 770.25, up 2.73% on the day. Lupin Ltd is down 9.92% in last one year as compared to a 13.46% gain in NIFTY and a 14.15% gain in the Nifty Pharma index. The PE of the stock is 19.5 based on TTM earnings ending September 19.
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Hexaware Technologies Ltd rose for a fifth straight session today. The stock is quoting at Rs 340, up 0.24% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.73% on the day, quoting at 12027.25. The Sensex is at 40761.58, up 0.72%. Hexaware Technologies Ltd has dropped around 8.41% in last one month. Meanwhile, Nifty IT index of which Hexaware Technologies Ltd is a constituent, has dropped around 3.86% in last one month and is currently quoting at 15304.85, down 0.32% on the day. The volume in the stock stood at 2.39 lakh shares today, compared to the daily average of 8.11 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 340.95, up 0.25% on the day. Hexaware Technologies Ltd is up 11.92% in last one year as compared to a 13.46% gain in NIFTY and a 9.92% gain in the Nifty IT index. The PE of the stock is 21.02 based on TTM earnings ending September 19.
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Mindtree Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 713, up 1.13% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.73% on the day, quoting at 12027.25. The Sensex is at 40761.58, up 0.72%. Mindtree Ltd has dropped around 2.22% in last one month. Meanwhile, Nifty IT index of which Mindtree Ltd is a constituent, has dropped around 3.86% in last one month and is currently quoting at 15304.85, down 0.32% on the day. The volume in the stock stood at 2.06 lakh shares today, compared to the daily average of 3.61 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 715.2, up 1.08% on the day. Mindtree Ltd is down 14.14% in last one year as compared to a 13.46% gain in NIFTY and a 9.92% gain in the Nifty IT index. The PE of the stock is 18.8 based on TTM earnings ending September 19.
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Bharat Forge Ltd is up for a fifth straight session today. The stock is quoting at Rs 459.4, up 1.02% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.73% on the day, quoting at 12027.25. The Sensex is at 40761.58, up 0.72%. Bharat Forge Ltd has gained around 2.82% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 2.14% in last one month and is currently quoting at 8063.95, up 0.53% on the day. The volume in the stock stood at 11.26 lakh shares today, compared to the daily average of 21.68 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 454.5, up 1.61% on the day. Bharat Forge Ltd is down 20.83% in last one year as compared to a 13.46% jump in NIFTY and a 11.11% jump in the Nifty Auto index. The PE of the stock is 20.58 based on TTM earnings ending September 19.
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