News and Updates

STOCK MARKET UPDATES: 12/08/2020

• NIFTY 50 falls by 14.10 points to 11308.40, while SENSEX falls by 37.38 points to 38369.63.
• Cummins India Ltd announce a 65% loss in consolidated profit after tax(PAT) @Rs. 53.02 crore in Q1 of June, impacted by Covid-19 pandemic.
• Aurobindo Pharma announced a 22.8 YOY rise in consolidated profit @ Rs 780.7 crore in June quarter.
• Ashok Leyland reported a net loss of Rs 388.82 crore for Q1 due to Covid-19 pandemic, missing EPS by 15.95%
• Century Plyboards India Ltd. Reported net loss @ Rs. 8.49 crore in first quarter due to loss of covid-19 pandemic.
• Thermax Ltd. reported a net loss of Rs. 15.27 crore in first quarter.
• Tata Teleservices Ltd announce net loss of Rs. 1070 crore in Q1 owing to the payment of Rs.776.77 crores for clearance of revenue dues to the government.
• Tata Power Company reported a consolidate profit of 10.3% YOY increase amounting to Rs 268.1 in Q1 of June 2020.
• Plea challenging NCLT order in NCLAT against Tata chemicals gets rejected by a three – memberbench and Allied Silica failed to prove the operational debt against the Tata around Rs. 68.44 crore.
• Affordable housing loan company Aavas Financiers Ltd reported net profit of Rs 50.1 crore in Q1 of June 2020.
• Ultratech Cement has lined up for the investment around Rs. 1500 crore in FY21.
• Adani Ports reported a net loss 26.2% YOY at Rs. 757.8 crore, impacted by the lockdown.
• JMC Projects rise up around 8% in share prices after the company’s securement of new orders worth Rs 1363 crores.
• Intraday shares of Minda Industries rise by 5% with issue price @Rs 250 per equity share for its Rs 250-crore rights issue.
• Punjab Chemicals & Crop Protection share prices rise by 20% on intraday after reports of 80% rise in net profit @ Rs 11.2 crores.
• Zinc prices decline by 0.89 % to Rs 188.9 per kg in futures trade on MCX due to negative response at spot market.
• Copper price fell by Rs 4.10 to Rs 507.10 per kg on MCX due to lowered demand of copper.
• Nickel price decline by 1.2 % to Rs 1073 per kg in futures trade on MCX due to lowered demand at spot market.
• SEBI penalizes Yochana Vyapar Pvt Ltd by Rs 25 lakh for indulgence in fraudulent trading of illiquid stock options on BSE market.
• Rupee went down by 5 paise, closing at a provisional 74.83 against the US dollar , with an intraday high of 74.77 and low of 74.93.