News and Updates

     Stock Market Updates :19/08/2020

• Patanjali Group Firm Ruchi Soya reported net loss 13% of its profit Rs. 12.25 crore in Q1 June 2020. The managing director of the company, Acharya Balakrishna has announced his resignation from the post.
• V2 Retail reported net loss of Rs. 8.92 crore in Q1 June 2020.
• Muthoot Finance share price rise up 5.2% and its net profit Rs. 858 crore in Q1 June 2020.
•  Kerala based CSB bank reported three-fold or 174.10% rise profit at Rs53.56 crore in Q1 June 2020.
• Balmer Lawrie& co. Ltd. announced a 35.83% decline in the consolidated net revenue of Rs276.86cr in Q1, June 2020 in comparison to the previous year’s revenue of Rs 431.42 crore.
• Adani Group reported net loss of Rs. 65.67 crore in June Q1 2020.
• Rupee went down by6 paise to settle at 74.82 against the US dollar, with an intraday high of 74.67 and low of 74.93.
• Birlasoft share prices rise up for second consecutive day , touching its 52-week high of Rs.187.60, at 9 % addition after their entrance into the alliance with Microsoft.
• Copper prices went up by 0.78 % to Rs 529.40 per kg in futures trade on MCX ,with a business turnover of 4845 lots.
• Zinc prices rose by Rs 1.65 to Rs 195.55 per kg in futures trade on MCX, with a business turnover of 3,014 lots.
• Nickel prices went higher by 0.31% to Rs 1,111 per kg in futures trade on MCX, with a business turnover of 2,072 lots.
• Yes bank made announcement of exit from CG Power and Industrial Solutions Ltd, by selling off their entire stake holding of 6,34,00,000 equity shares holding nominal value of Rs 2 each.
• 12,74,630 shares and 6,45,827 shares of Som Distilleries and Breweries respectively, were sold by Karst Peak Asia Master Fund and Vermilion Peak Master Fund , with Shah Niraj Rajnikant buying 2,10,000 of the same.
• 93,119 shares of Bajaj Finance bought by Duro India Opportunities fund from Duro One Investment at Rs 3,419.45 per share.
• 7,73,606 shares of Ujjivan Financial Services by Duro India Opportunities fund from Duro One Investment at Rs 242.70 per share.
• GST Council likely to meet on August 27 for the discussion of state compensation.
• Almost 8 stocks faced decline to hit their 52-week lows on NSE , some of these including Mittal Life Style, Madhav Copper etc.
• SENSEX went up by 86 points or almost 0.22 per cent, closing at 38,614.79, while NIFTY 50 went up by over 23 points or 0.20 per cent, closing at 11,408.90.
• Shares of GSS Infotech sold by Nomura Singapore, Elara India Opportunities Fund(5,00,000 shares at Rs 21.54/share) ,Sumant Kapur and Ambika Kapur .
• Share prices of Reliance Industries (RIL) rose by about 1.5% to Rs 2,150/share after takeover of digital pharmacy startup Netmeds by RIL subsidiary Reliance Retail Ventures Limited(RRVL).