Infosys Falls After FY19 Margin View Lower Than Year Ago — Shares of the country’s second-largest software services company declined as much as 6.2 percent, most intraday since Aug. 18, after the IT firm said it expects its operating margin in 22 to 24 percent range this year, lower than previous year’s 23 to 25 percent view.
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Stocks To Watch: Dilip Buildcon, Infosys, IL&FS Engineering, Lloyd Metals
Gold Silver Reports (GSR) – The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, declined 0.3 percent to 10,472 as of 6:50 a.m. Asian stocks inched higher Monday, U.S. equity futures pared gains and the yen retraced losses as traders assessed the likelihood the fallout of an American-led strike on Syria could be contained.
Indian Equity Benchmarks came off Intraday Highs
Gold Silver Reports (GSR) – Indian equity benchmarks came off intraday highs as gains in TCS, Kotak Mahindra Bank and Hindalco were offset by losses in Bharat Petroleum, Axis Bank, State Bank of India and Indian Oil.
The S&P BSE Sensex rose 0.26 percent or 90 points to 34,192 and the NSE Nifty 50 index advanced 0.2 percent or 22 points 10,481.
Titan Eyes 10% Market Share In Jewelry Business; Shares Rise
Gold Silver Reports (GSR) – Titan Eyes 10% Market Share In Jewelry Business; Shares Rise – Shares of the jewellery and watch retailer rose as much as 1.6 percent to Rs 991.95 after the company in an exchange filing said that it aims for 10 percent market share in jewellery business.
Heavy Volumes Stocks
Stocks Gaining On Heavy Volumes ✅ Rupa & Company: The Kolkata-based innerwear maker rose as much as 14.6 percent, the most in nearly seven months, to Rs 456.70. Trading volume was 46.6 times its 20-day average. ✅ Security & Intelligence Service: The Delhi-based private security services provider rose as much as 1.75 …
Agriculture Linked Stocks Fare Well In Today’s Trade
Agriculture Linked Stocks Fare Well In Today’s Trade ✅ Madras Fertilzers up 7 percent ✅ FACT up 6 percent ✅ Chambal Fertilisers 5.3 percent ✅ Shakti Pumps up 6 percent ✅ Escorts up 3.7 percent
Infosys Rebounds Ahead Of Q4 Earnings
Gold Silver Reports (GSR) – Infosys Rebounds Ahead Of Q4 Earnings – Shares of the country’s second largest IT firm rebounded from intraday low levels ahead of March quarter earnings which will be declared later in the day. Infosys shares fell to Rs 1,150 but rebounded from lower levels to rise …
Reliance Infra Rises On Winning Contract For Mumbai Metro
Gold Silver Reports (GSR) – Reliance Infra Rises On Winning Contract For Mumbai Metro – Shares of the Anil Ambani-led company rose as much as 2.2 percent to Rs 462.50 after it informed exchanges that it has won a contract for Mumbai Metro Line 4.
Manipal Has Offered A Complex Deal To Fortis: Sunil Kant Munjal
Manipal Has Offered A Complex Deal To Fortis: Sunil Kant Munjal ✅ With the current bid we want to ensure Fortis becomes debt free ✅ Will pay Rs 500 crore cash immediately as Fortis requires liquidity ✅ Remaining Rs 750 crore will be put in after due diligence ✅ Hero Enterprises’ shareholding will increase …
Ashok Leyland Gains On Order Win
Gold Silver Reports (GSR) – Ashok Leyland Gains On Order Win – Shares of the Chennai-based commercial vehicle maker rose as much as 3.2 percent, the most in a month, to Rs 149.70. Ashok Leyland has won an order to supply High Mobility 10×10 vehicles to carry Smerch Rockets worth Rs 100 crore …