Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Government data released on Friday showed the economy shrank 7.5 percent in the July-September quarter, performing better than analysts' expectation of an 8.8 percent contraction as lockdowns were eased and some pent-up demand was met. In the April-June period, the economy shrank 23.9 percent.

Annual growth of 3.4 percent in farm sector and 0.6 percent in manufacturing during the September quarter has raised hopes of an early recovery and some service sectors such as trade, hotels and transport contracted at a much slower pace compared with the April-June period.

Trade, hotel, transport, communication & services related to broadcasting reported a contraction of 15.6 percent in the September quarter, against a contraction of 47 percent in the previous quarter.

Farmers, benefiting from a bumper crop, are lapping up tractors while demand for personal vehicles, due to a lack of public transport and the need for safer travel options, has boosted sales of cars and motorcycles.

Maruti Suzuki, India's biggest carmaker, had a 10 percent growth in rural sales between July and September versus a 4 percent rise overall, led by small, entry-level models, said Shashank Srivastava, executive director, marketing and sales. 

Since the end of May, when the government lifted a ban on flights, monthly domestic passenger traffic has more than doubled from 2 million in June to over 5 million in October. But that is still down from about 12 million a year ago. India's biggest carrier IndiGo and rival Vistara are seeing an uptick in business travel but to a much smaller extent than before. 

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

• Indian shares reversed course to end higher on Tuesday on hopes of higher inflows after MSCI said it will make changes to its global indexes following revisions in the country's foreign ownership limits

  Market closing

  Indian benchmark share indices reversed early losses to settle higher on Tuesday on hopes of higher inflows after MSCI said it will make changes to its global indexes following revisions in the country's foreign ownership limits.

  Sensex settled at 40,522.10, up 376.60 or 0.94%, while Nifty closed 121.65 points or 1.03% higher at 11,889.40.

  Kotak Mahindra Bank, closing over 11% higher, was the top Sensex gainer followed by Nestle India, Asian Paints, Bajaj Finance and NTPC. TCS, HDFC, ONGC and Infosys were among the laggards. Of 30 Sensex shares, 19 closed in the green.

  Kotak Mahindra Bank shares continue to gain

  Shares of Kotak Mahindra Bank further gained nearly 12% in early trade on Tuesday after the company reported a 22 per cent growth in consolidated net profit for the July-September quarter. The stock jumped 12% to ₹1584.75 on the BSE.
• Free Trial for Stock tips/MCX tips with 85% Accuracy

  
  

  
  

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Here’s a list of top ten stocks that may be in news on Tuesday:

Mahindra Finance: The company reported a 34% jump in consolidated net profit at ₹353 crore for the second quarter ended September of this fiscal. Mahindra and Mahindra Financial Services (Mahindra Finance) had posted a net profit of ₹264 crore during the corresponding quarter a year ago.

DHFL: Lenders to the debt-ridden mortgage financier Dewan Housing Finance Corp. Ltd (DHFL) have asked the four bidders to get back with a revised offer by 31 October as part of the on-going resolution process. DHFL had received bids from Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-based SC Lowy to either pick stake in the company or buy out assets.

Torrent Pharma: Drug firm Torrent Pharmaceuticals reported a 27.04% rise in consolidated net profit to ₹310 crore for the quarter ended September, mainly on account of robust sales in India and reduction in expenses. The company had posted a net profit of ₹244 crore for the corresponding period of the previous fiscal, Torrent Pharmaceuticals said in a filing to BSE.

Cadila Healthcare: The Indian drugmaker, which is racing to develop an indigenous covid-19 vaccine, is in talks with potential partners to ramp up production capacity if its candidate passes human clinical trials, according to a Bloomberg report.

SBI: The State Bank of India (SBI) has raised ₹5,000 crore by issuing Basel-III compliant bonds. The committee of directors of capital raising met on Monday and accorded its approval to allot 50,000 Basel-III compliant non-convertible, taxable debt instruments, SBI said in a regulatory filing.

Coforge: Hulst BV, part of private equity investor Baring Private Equity Asia (BPEA), on Monday sold 38 lakh shares or 6.27% of Coforge Ltd, earlier known as NIIT Technologies, for ₹878 crore through block deals.

HCL Technologies: The company has completed the acquisition of Cisco's Self Optimizing Network ('SON') Technology effective 25 October, it said in a regulatory filing.

GHCL: Chemicals and textiles manufacturer GHCL Ltd reported a 27.71% decline in consolidated net profit to ₹84.86 crore for the quarter ended September 2020. The company had posted a consolidated net profit of ₹116.84 crore in the July-September period a year ago, GHCL said in a regulatory filing.

NTPC: The board of directors of state-owned power giant NTPC will meet on 2 November to consider a proposal to buy back the company's equity shares. Last week, markets regulator Sebi granted exemption to NTPC from certain buyback norms for the proposed merger of its wholly-owned subsidiaries with the parent company.

Future Lifestyle Fashions: Care Ratings has revised downwards the credit rating on long-term bank facilities and non-convertible debentures to ‘BB credit watch with negative implication’s from ‘BBB credit watch with developing implications’. The revision of ratings primarily factors in weakening credit profile of the company on account of slower than envisaged ramp up of sales, unavailability of additional working capital limits, the ratings agency said.

Trial for Jackpot Trading Tips

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Here’s a list of top ten stocks that may be in news on Tuesday:

Mahindra Finance: The company reported a 34% jump in consolidated net profit at ₹353 crore for the second quarter ended September of this fiscal. Mahindra and Mahindra Financial Services (Mahindra Finance) had posted a net profit of ₹264 crore during the corresponding quarter a year ago.

DHFL: Lenders to the debt-ridden mortgage financier Dewan Housing Finance Corp. Ltd (DHFL) have asked the four bidders to get back with a revised offer by 31 October as part of the on-going resolution process. DHFL had received bids from Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-based SC Lowy to either pick stake in the company or buy out assets.

Torrent Pharma: Drug firm Torrent Pharmaceuticals reported a 27.04% rise in consolidated net profit to ₹310 crore for the quarter ended September, mainly on account of robust sales in India and reduction in expenses. The company had posted a net profit of ₹244 crore for the corresponding period of the previous fiscal, Torrent Pharmaceuticals said in a filing to BSE.

Cadila Healthcare: The Indian drugmaker, which is racing to develop an indigenous covid-19 vaccine, is in talks with potential partners to ramp up production capacity if its candidate passes human clinical trials, according to a Bloomberg report.

SBI: The State Bank of India (SBI) has raised ₹5,000 crore by issuing Basel-III compliant bonds. The committee of directors of capital raising met on Monday and accorded its approval to allot 50,000 Basel-III compliant non-convertible, taxable debt instruments, SBI said in a regulatory filing.

Coforge: Hulst BV, part of private equity investor Baring Private Equity Asia (BPEA), on Monday sold 38 lakh shares or 6.27% of Coforge Ltd, earlier known as NIIT Technologies, for ₹878 crore through block deals.

HCL Technologies: The company has completed the acquisition of Cisco's Self Optimizing Network ('SON') Technology effective 25 October, it said in a regulatory filing.

GHCL: Chemicals and textiles manufacturer GHCL Ltd reported a 27.71% decline in consolidated net profit to ₹84.86 crore for the quarter ended September 2020. The company had posted a consolidated net profit of ₹116.84 crore in the July-September period a year ago, GHCL said in a regulatory filing.

NTPC: The board of directors of state-owned power giant NTPC will meet on 2 November to consider a proposal to buy back the company's equity shares. Last week, markets regulator Sebi granted exemption to NTPC from certain buyback norms for the proposed merger of its wholly-owned subsidiaries with the parent company.

Future Lifestyle Fashions: Care Ratings has revised downwards the credit rating on long-term bank facilities and non-convertible debentures to ‘BB credit watch with negative implication’s from ‘BBB credit watch with developing implications’. The revision of ratings primarily factors in weakening credit profile of the company on account of slower than envisaged ramp up of sales, unavailability of additional working capital limits, the ratings agency said.

Trial for Jackpot Trading Tips

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

• Tech Mahindra, Nestle India, Yes Bank, ICICI Lombard General Insurance Company, IDBI Bank, JSW Steel, Persistent Systems, Wabco India are among the 38 companies scheduled to announce their September quarter results today.

  Bihar poll campaign: Modi says opposition working with anti-India forces

  Prime Minister Narendra Modi on Friday said opposition parties were working with anti-India forces, and if they came to power in Bihar, lawlessness and corruption will be back in the state.

  Speaking at a joint public meeting with Bihar chief minister Nitish Kumar in Sasaram and Bhagalpur, Modi asked the people to support National Democratic Alliance (NDA) candidates for development of the state.

• 
  

  Get Sure Shot Stock Tips

• 
  

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

The board of IT services company Wipro today approved a buyback proposal worth 9,500 crore. Wipro plans to purchase of 23.75 crore shares at ₹400 per equity share for an aggregate amount not exceeding .9,500 crore, in accordance with the provisions contained in the Securities and Exchange Board of lndia regulations. This represents 4.16% of total paid-up equity share capital of the company as on September 30.

Get Live Forex Signals

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

• Silver Lake will invest an additional 1,875 crore into Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited. Silver Lake will invest an additional 1,875 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd (RIL). The aggregate investment by Silver Lake and its co-investors in RRVL now adds up to ₹9,375 crore, which will translate into a 2.13% equity stake in RRVL on a fully diluted basis      
• .PNB: State-owned Punjab National Bank has declared its exposure of 1,203.26 crore to Sintex Industries Ltd (SIL) as fraud. Once an account is declared as fraud-hit, banks need to set aside 100% of outstanding loans as provisions either in one go or over four quarters, according to the banking regulator's rules. In this case, PNB said it has made provisions of 215.21 crore.
• Chemcon Speciality Chemicals: The company will make its stock market debut today. Mirroring massive investor demand, the initial public offer of Chemcon Speciality Chemicals was subscribed a whopping 149 times on the last day of bidding on Wednesday.

• CAMS: Computer Age Management Services (CAMS), the largest registrar and transfer agent of mutual funds in India, will list its equity shares on the stock exchanges today. CAMS’ initial public offer was subscribed 46.93 times on the final day of bidding.

  PVR, Inox Leisure: The Union Home Ministry has issued new guidelines for permitting more activities in areas outside the containment zones that include opening up cinemas, theatres and multiplexes with up to 50% of their seating capacity from October 15.

  Dhanlaxmi Bank: Shareholders of Dhanlaxmi Bank on Wednesday ousted Managing Director and Chief Executive Officer Sunil Gurbaxani, little over seven months after he assumed charge of the lender.

• 
  

  Get Sure Shot Stock Tips

• 
  

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

• Shares of airlines, hotels and cruise operators lead declines in premarket trading, tracking their European peers as the UK signalled the possibility of a second national lockdown
• Another round of business restrictions would also threaten a nascent recovery in the wider economy.

• U.S. stock index futures fell on Monday as surging COVID-19 cases raised fears of more lockdowns, while media reports saying several global banks moved sums of allegedly illicit funds over nearly two decades hit U.S. banking stocks.

  Shares of airlines, hotels and cruise operators led declines in premarket trading, tracking their European peers as the UK signalled the possibility of a second national lockdown.

  Marriott International Inc, Hilton Worldwide Holdings Inc and Hyatt Hotels Corp dropped between 1.5% and 3.6%, while casino operators Wynn Resorts Ltd, MGM Resorts International and Las Vegas Sands Corp shed between 2.7% and 6.0%.

  Another round of business restrictions would also threaten a nascent recovery in the wider economy, analysts said, and could spark a flight from equities. The first round of lockdowns in March had led the benchmark S&P 500 to suffer its worst monthly decline since the global financial crisis.

• Get MCX Trading Tips Now

•