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fpi stake in top 200 stocks drops to four- year low in june quarter




foreign portfolio investor (fpi) ownership in top 200 companies dropped to a four-year low during the june 2018 quarter. fpis’ holdings in bse200 companies fell to 23.8 per cent, down 80 basis points (bps) compared to the march 2018 quarter. foreign stake has come off by 145 bps from the march 201...



icici bank reports loss of rs 1.19 bn in apr-jun qtr after over a decade




private lender icici bank saw its first ever loss amounting to rs 1.19 billion for the quarter ended june 2018 on account of higher provisions. this was against a net profit of rs 20.49 billion in last year’s june quarter. however, the bank’s quarterly loss was contained on account of a gain of ...



half of stocks in dolly khanna's portfolio zoom up to 550% so far in 2017




half of the stocks in dolly khanna, the chennai-based investor’s portfolio, have appreciated by up to 550% thus far in the current calendar year 2017 (cy17).as of september 2017, dolly khanna holds more than 1% stake in 22 companies, as per data filed by these companies’ shows. of these the mark...



year in review: top 10 best and worst performing stocks of 2017




the year 2017 was rewarding one for dalal street, with over 80 stocks on the bse 500 more than doubling investors' wealth during the year, even as the s&p bse sensex rallied 27%. two stocks - heg and indiabulls ventures - delivered over 1,000% during the period.   there were at least 79 stocks on t...



tech stocks lead asx growth for the quarter, blue chips and market darlings fall




two of the asx 200's newest entrants were among the index's best performers, despite spending just two weeks as part of the benchmark index. appen and afterpay touch entered the asx 200 as part of the june index rebalance. appen shares rose 50.4 per cent to $13.37, while afterpay touch advanced 45.2...



gdp growth hits three-year low of 5.7% in q1




india's gdp growth slumped to a three-year low of 5.7 per cent during april-june -- lagging china for the second straight quarter -- as manufacturing slowed ahead of the gst launch amid demonetisation effect.china clocked a record 6.9 per cent growth in january- march as well as april-june quarters....



idbi bank posts rs 24.10 bn loss in q1, hurt by higher provisioning of npas




state-owned idbi bank on tuesday reported widening of loss to rs 24.09 billion for the first quarter ended june 30, hurt by higher provisioning for bad loans. the bank had posted a loss of rs 8.53 billion in the april-june quarter of last fiscal, 2017-18. its total provisioning for non performing as...



selan exploration extends rally on stake hike by dolly khanna




selan exploration technology has rallied 11% to rs 278, also its 52-week high on the national stock exchange (nse) in intra-day trade after the investor dolly khanna bought an additional nearly one percentage point stake in the company through the open market. on wednesday, august 8, 2018, dolly kha...



telcos' revenue from services drops 25% to over rs 39,000 cr: trai




the total revenue of telecom operators from services declined by 25.49 per cent (y-o-y) to rs 39,777.55 crore in the quarter ended june 2017, regulator trai has said in its latest report. the revenue from telecom services, called adjusted gross revenue, of all companies in the same period a year ago...



ambuja cements gains 6% on strong june quarter results




shares of ambuja cements were trading higher by 6% at rs 222 per share on the bse at 09:30 am, after the company reported a better-than-expected a 27% year on year growth in standalone net profit at rs 4.99 billion in june quarter (q2cy18), on account of higher cement sales and lower expenses. it ha...



fpis, mfs lap up blue-chips; stake in ril, indusind bank at record high




foreign portfolio investors and mutual funds have been lapping of stocks of blue-chip companies in the january – march 2018 (q4fy18) quarter with their stakes in select companies hitting an all-time high.fpis ownership in 13 companies from the s&p bse200 index, such as reliance industries (ril), i...



this stock zoomed 104% in 2018 after surging 220% in 2017 on fpi buying




shares of v-mart retail hit a new high of rs 3,036 per share, surging by 7% and extending their 14% gain in past three trading sessions on the bse, after the company said that foreign portfolio investors (fpis) have increased their stake by nearly one percentage points in april-june quarter (q1fy19)...



rbl bank q1 profit surges 35% to rs 1.9 billion, revenue up by 30%




rbl bank on thursday reported 34.76 per cent jump in net profit at rs 1.90 billion for the first quarter of the current financial year. the private sector bank had registered a net profit of rs 1.41 billion during the april-june quarter of the previous financial year. its total revenue for the june ...



indusind bank q1 up by 24% at rs 10.36 billion, asset quality falls




private sector indusind bank on tuesday posted a 23.8 per cent rise in its net profit at rs 10.35 billion for the quarter ended june 2018 on higher income mainly from interest. this was against a net profit of rs 8.36 billion in the corresponding period of previous year. total income during the quar...



yes bank q1 net profit up 30% to rs 12.6 billion, asset quality falls




private sector lender yes bank's first quarter net profit rose 30 per cent on the back of rise in interest and other income as asset quality fell. the bank's net profit rose to rs 12.6 billion in the quarter ended june, compared with rs 9.65 billion in the year-ago quarter. the bank's net interest i...



bank of baroda q3 net drops 55% as provisions for bad loans nearly double




public sector lender bank of baroda’s third-quarter net profit declined 55 per cent over the previous year quarter but asset quality improved. the bank’s net profit fell to rs 1.12 billion in the quarter ended december, compared with rs 253 billion in the year-ago quarter. net interest income fo...



bajaj finance hits new high post q1 results; stock rebounds 7%




bajaj finance hit new high of rs 2,536, up 2%, bouncing back 7.4% from intra-day low on the bse. the stock dipped 5% to rs 2,360 on the bse in noon deal trade on profit booking after the company reported a consolidated net profit of rs 8.36 billion for the quarter ended june 2018 (q1fy19). it had a ...



pnb to raise rs 130 bn via stake sale in subsidiaries, bad loans' recovery




fraud-hit punjab national bank plans to raise rs 130 billion through stake sale in subsidiaries and recovery of bad loans by september end, an official said on friday. the psu lender, among other things, is planning to sell stake in its arm pnb housing finance where it holds 39.08 per cent. "the ban...



uco bank reports a net loss of rs 6.33 billion in june quarter




public-sector lender uco bank posted a net loss of rs 6.33 billion for the quarter ended june 2018, against a net loss of rs 6.63 billion in the same period last financial year. in the q4 of fy18, the bank had posted a net loss of about rs 21 billion. the bank’s provisions went up to rs 18 billion...



four charts that show it's been a quarter to forget for aussie investors




investors in australia may be happy to see the end of a quarter that has been far from kind to many as the local economy strives hard to resist falling into recession, something it hasn't experienced for 2 1/2 decades.aussie shares are dishing out some of the worst returns in the developed world in ...



retail business of ril posts a three-fold jump in pbdit in first quarter




the retail business of reliance industries posted a three-fold jump in its profit before depreciation, interest and taxes (pbdit) in the first quarter of the current financial year on the back of strong sales growth and improvement in margins. it posted a pbdit of rs 12.06 billion in the first half ...



bajaj auto q1 net rises 24% to rs 10.4 billion on higher sales volume




bajaj auto ltd on friday reported 24.5 per cent increase in consolidated net profit at rs 10.41 billion for the first quarter ended june 30, 2018 riding on robust sales. the company had posted consolidated net profit of rs 8.36 billion in the same quarter of the last financial year, bajaj auto said ...



cement stocks underperform: realisation improvement remains elusive




cement majors like ultratech, acc, ambuja and shree cements have seen their stock prices correct 13-18 per cent since their january highs. while broader indices, too, are down 5-6 per cent from their peaks in end-january, the underperformance by cement stocks has surprised. the january-march quarter...



it stocks outrun markets for three consecutive quarters; midcaps shine




the nifty it index has outperformed the benchmark nifty50 for the three consecutive quarters, rallying 23 per cent since june 30, 2017 as against six per cent rise in the nifty50 index. even on a calendar year basis, it stocks have done well at the bourses, with the gauge of it stocks on the nse ral...



it stocks outrun markets for three consecutive quarters; midcaps shine




the nifty it index has outperformed the benchmark nifty50 for the three consecutive quarters, rallying 26 per cent since june 30, 2017 as against9.4 per cent rise in the nifty50 index. even on a calendar year basis, it stocks have done well at the bourses, with the gauge of it stocks on the nse rall...