Market front-line indices Sensex and NSE Nifty closed marginally lower on Tuesday, after having hit significantly higher levels in the morning session.
Stocks to watch out on Tuesday, 24th September include Indo National Ltd, Zensar Technologies and Bharti Airtel, in view of their latest company performance updates:
Stocks to watch out on next week Monday, 16 September include Reliance Home Finances, Reliance Infrastructure, Bharat Electronics, Lupin and Monsanto India, based on their latest company updates:
Markets would track stocks of Tata Motors, Strides Pharma, Marico, SBI, and Jubilant Life Science which are among a few top companies scheduled to report their September-quarter (Q2FY2019-20) results on Friday, 25th October 2019.
Reliance Jio (RJIO) today announced an unconventional price hike that recovers interconnect usage charge (IUC) for off-net calls (calls to other networks) from subscribers in the form of additional recharge vouchers.
HSBC Maintains 'Hold' with a target price unchanged at Rs 800 apiece. In-line with expectations on strong deal wins. Disappointing to see no meaningful upgrade on guidance. Banking and retail verticals show signs of deceleration.
Markets are moving between gains and losses until Mid-session. IT stock hit hard with Infosys falling 14.45% at 656.70 per share, and the Nifty IT index slipped 4.43% at 14,727.30 at 1.35 pm.
GLOBAL CUES
US and European markets end positive
Asia starts muted but SGX Nifty down on Dow Futures weakness
Crude down 0.4% in morning trade; Base metals on LME muted
The result is in line with the expectation. Although YoY revenue increased but overall H1 performance down. PVR is in two segments namely Movie Exhibition - 93% and Movie Prod & distribution - 7%. YoY topline growth for Movie exhibition - 31% and Movie Prod - 309%. YoY bottom-line growth for Movie exhibition - 42% and Movie Prod - (91%)