Stock Market Today


 

I've been doing a lot of reading these days about my own generation. This checks a lot of boxes for what millennials are looking for.

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Ltd, the country's largest trading company, aims to double its topline in the next five years by revamping its business operations.

MMTC, a major player in import and sale, plans to open 250 retail outlets across the country.

business country double export import jewellery minerals Prakash sale years

 

Godrej Consumer extends fall on disappointing Q1 results [-0.01]

Posted on Aug. 1, 2017, 6:34 a.m. by Markets @ [source]

India business sales growth of 6% year-on-year, led by flat volume growth.Analysts on average had expected profit of Rs 264 crore on net sales of Rs 2,279 crore.“While sales in April and May were strong, June sales growth dipped due to channel de-stocking in the run up to the implementation of the transformative Goods & Services Tax (GST),” said Ms. Nisaba Godrej, Executive Chairperson, GCPL.“At 3%, sales growth was in line with expectations; however, competitive pressure in Indonesia, higher spends on new launches and one-off costs led to a 200bps decline in operating margins,” according to analysts at SBI Cap Securities.Thus far in the calendar year 2017, the stock had strong run-up, before it decline in past three trading sessions, rallied 42% against 22% rise in the S&P BSE Sensex till July 27, 2017.Given the poor quarter performance, we cut our FY18-19 earnings by 2-3%. We maintain HOLD rating with a revised target price of Rs 950 (from Rs 875), rolling forward to Sept-19 earnings, analysts said result review.At 11:58 am; the stock was trading at Rs 961, an 11% lower from its record high price of Rs 1,084 touched on Thursday, July 27 in intra-day trade.

analysts crore decline growth led Rs sales stock strong year

 

EDWARDSVILLE, Pa. — A Pennsylvania celebration of a popular Polish treat is embroiled in a food fight after a suburban Chicago chamber of commerce threatened a trademark infringement lawsuit over the use of the name “Pierogi Festival.”.

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Reader “IB” an India businessman, writes about the crackdown on cash and tax evasion by Prime Minister Narendra Modi. In this context, I have to mention Modi has been able to mesmerize voters to an extent that he can make even pain appear as something that is pleasurable and he has been able to conquer state after state and has an invincible aura about him now.

business crackdown government GST India Modi pay taxes Prime small tax

 

Donald Trump and his daughter Ivanka Trump appear on stage on the last day of the Republican National Convention in Cleveland on July 21, 2016. WASHINGTON — After Donald Trump was swept into the White House on the shoulders of his far-right ...

WASHINGTON — After Donald Trump was swept into the White House on the shoulders of his far-right ...

daughter Donald far House right shoulders swept Trump WASHINGTON White

 

There are some companies where shareholders do not need to explain why they invest in them. Some of these companies have been trading for a shorter period of time, so that data is not available.

ad AI business desktop Facebook growth mobile platform Revenue users

 

When a pair of Utah graduate students were tasked with designing a business plan to address the needs of the education world, their plan became what is today Instructure (NYSE: INST) .

School District (150,000 students).

earnings flow Instructure management platform quarter Revenue school stock student

 

Why This Chinese Glass Maker is a Buy [0.11]

Posted on Aug. 1, 2017, 5:53 a.m. by Latest Articles in Stocks @ [source]

Shares of Xinyi Glass (868.HK) are down 3% on Tuesday after the Chinese glass maker announced plans to increase production capacity by 50% by 2020.

Lau argues Xinyi shares are attractively valued at eight times forward earnings against a generous 6% dividend yield.

announced capacity demand float glass Glass HK increased production sales Xinyi

 

No Swoon, Just Boom [0.15]

Posted on Aug. 1, 2017, 5:53 a.m. by Latest Articles in Stocks @ [source]

July may have ended with a bit of a swoon on Monday, but the month in general was anything but. Each of the major indices put in gains of approximately 2% or more in July, led by the NASDAQ and its 3.4% jump.

big earnings season market Monday portfolio position sold stock trader Zacks

 

To the United States where the newly appointed White House Communications Director, Anthony Scaramucci, has been removed from his position.

The decision came just ten days after his appointment was announced.

Anthony appointed Communications director House newly Scaramucci states United White

 

Maruti Suzuki hits new high on strong July sales data [0.07]

Posted on Aug. 1, 2017, 5:47 a.m. by Markets @ [source]

The company, leader in passenger vehicles, had sold total 137,116 units in 2016.The sales growth in month was highest in past six months. Export sales however, grew 0.1% to 11,345 units in July, the company said in the monthly sales report.The compact segment (like Ignis, Swift, Baleno) grew by 25.3% YoY to 63,116 units during the month as against 50,362 units in 2016.

BSE grew GST rate sales segment units vehicles year YoY

 

Continuing the record breaking spree, settled above 25,000-mark for the first time ever on Monday.

While YES Bank, IndusInd Bank, HDFC Bank and FEderal Bank rose between 60%-107%, Bank of Baroda, Punjab National Bank and Canara Bank lost between 19%-25% in the period.Among individual stocks, was the top performer, surging over 100% since Jan 23, 2015.

bank crore index IndusInd mark net reported rose Rs stock

 

Institutional investors mint money in bank QIPs [0.12]

Posted on Aug. 1, 2017, 5:28 a.m. by Markets @ [source]

The rally in since the start of calendar year 2017 (CY17) has brought cheer to qualified institutional buyers (QIBs), as shares of most banks have outperformed the and are trading at a premium to their respective qualified institutional placement (QIP) issue prices.

Also Read: Despite rally there are opportunities in markets, says Manishi Raychaudhuri Thus far in the CY17, investors in banks like State Bank of India (SBI), YES Bank, Kotak Mahindra Bank, Lakshmi Vilas Bank and DCB Bank have rallied up to 21% over their respective issue prices.

ahead bank cut CY17 institutional issue rate Rs Savings SBI

 

Investors will keep an eye on the Reserve Bank of India's monetary policy meeting, which begins later today, July numbers, corporate results from companies such as Marico, JSW Steel and Power Grid and PMI readings globally.

Asian shares ticked up in early Tuesday trade as investors looked to a barrage of economic data around the world to confirm recent signs the global economy is in robust health with inflation staying well contained.

companies index July June policy quarter Rs Rs crore trade trading

 

Equity bears hunting for excess in the stock market might be better off worrying about bond prices, Alan Greenspan says. That is not good for asset prices.” Stocks , in particular, will suffer with bonds, as surging real interest rates will challenge one of the few remaining valuation cases that looks more gently upon US equity prices, Greenspan argues.

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Stoddard of Real Clear Politics on House Minority Leader Nancy Pelosi and the future of the Democratic Party.

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NEW DELHI: Shares of Tech Mahindra jumped over 7 per cent in Tuesday’s trade after the IT major reported a 35.80 per cent QoQ rise in net profit at Rs 798.6 crore for the June quarter. The company had reported Rs 588 crore profit in the March quarter.Following the numbers, the stock jumped 7.43 per cent to hit a high of Rs 413.90 on BSE.“TechM’s margin surprise and positive commentary are in line with our expectations, and we expect them to reflect in coming quarters’ numbers.

cent jumped margin numbers profit quarter reported Revenue Rs Terms

 

NEW DELHI: Shares of Sobha Ltd advanced as much as 3 per cent in early trade after the real estate player on Monday said its board will meet on August 4, 2017 to consider a proposal for buyback of equity shares of the company, for an aggregate amount up to Rs 62 crore.The scrip was trading 0.31 per cent up at Rs 399.25 around 9.45 am (IST). Shares of the company opened at Rs 408.65 and touched an intraday high and low of Rs 410 and Rs 398.95, respectively, in trade so far.

August BSE cent crore quarter Rs shares Sobha trade week

 

What to make of this tense situation? The QCOM IP is at the core of what makes a smartphone and directly enables Apple to charge high end prices for their iPhones.

Apple business dividend earnings growth Ip NXP QCOM royalties strong