Daily Archives: Friday January 11th, 2019

Higher Delivery Quantity (11/01/2019)

ISEC 1415312 15458 276.30
AIAENG 172089 6182 1659.30
MAHLOG 81456 5095 506.55
ELGIEQUIP 60802 5581 261.05
ESSELPACK 518819 50535 107.90
GODREJIND 844354 106470 539.95
QUESS 424449 60035 723.30
CYIENT 190891 31256 594.35
SADBHIN 29505 7412 95.20
SUPPETRO 15997 4582 190.10

52 Week High Breakout (11/01/2019)

PRAJIND 152.10
PVR 1644.95

Infosys profit will fall, big buyback


Infosys, the second largest information technology company in India, has seen a huge drop in profits. In the third quarter of the current financial year, Infosys’s net profit declined by 29.62 per cent to Rs 3,610 crore. In the same quarter of the previous financial year, the company had a profit of Rs 5,129 crore.
In the third quarter, net sales of Infosys grew by 20.3 percent year-on-year. At the same time, it increased by 3.8 per cent to Rs 21,400 crore on quarterly basis. With this, the company has announced share bookback of Rs 8,260 crore. Infosys will buy shares at a price of Rs 800 per share.
On Thursday, the Bombay Stock Exchange (BSE) closed at Rs 683.70 as the company’s stock rose marginally by 0.58 per cent to close at about 4 per cent. The amount that has been fixed for stock boyback is about 20 percent higher than today’s price. In the information given to the stock exchange, the company has also given information about the special dividend given to shareholders. The company will buy the stock worth Rs 8,260 crore again.
The company has announced a special dividend of Rs 4 per share. Record date has been fixed for dividend distribution on January 25, whereas the date of payment has been kept on January 28.
In April last year, the company had boycotted 13,000 crores. With this, the company had given a dividend of Rs 10 per share. In the matter of dividend, the company had paid Rs. 2600 crores.

Closes with market downturn

Sensex ends down

Mumbai-The last business day of the week was found to be sluggish in the market. Sensex and Nifty closed in the trade with the decline. The Nifty slipped below 10800 while the Sensex closed with a fall of 97 points. Even mid-and small-cap shares were under selling pressure and BSE’s mid-cap index closed at a level of 15177.03 with a weakness of 0.13 per cent. Smallcap Index was down 0.19 percent and closed at 14,600.37 level. TCS, IndusInd Bank and L & T have worked on creating pressure on the market.
Banking stocks were also under pressure, which led to the Bank Nifty falling by 0.27 per cent to 27,453.90. However, light-weight buying in oil and gas stocks was seen in the business, which led to the BSE’s oil and gas index closing at 1,318.61 with a rise of 0.13 percent.
The biggest decline in auto, pharma, PSU bank and realty stocks was seen in the business. Nifty’s Auto index closed 0.79 percent, IT index 0.11 percent, Pharma index 0.36 percent, PSU Bank index 0.90 percent and Realty index 1.35 percent down. However, some of the purchases were seen in FMCG and financial services shares in the business. Nifty’s FMCG index closed with an increase of 0.61 percent.
At the end of the turnover, BSE’s 30-share index Sensex closed at 36009.84 with a weak 96.66 points i.e. 0.27 percent. On the other hand, NSE’s 50-share index, the main index Nifty closed at the level of 26.65 points i.e. 0.25 percent, at 10794.95.

Biking Eveready Battery Company


A 100-year-old Mumbai-based manufacturer of torch and battery maker Avverdi is going to be sold. Company promoter BM Khaitan has decided to sell 30 per cent of his 45 per cent stake. It is the country’s largest dry cell battery maker.
Khaitan has selected Kotak Mahindra Bank to sell stake in the company owned by William Mason. The shares of the company climbed 18 per cent from this news. The company has taken this decision because its sale has become quite sluggish. The company, which was started by Union Carbide India in 1905, was bought by Khetan family in 1990. However, for this, the Khaitan family had to fight a long battle in the court from Nusli Wadia of Bombay Dyeing.
Rs 300 crore has become Eveready. But now its share price has remained halfway above last year and the market capitalization is Rs 1,350 crore. Every year, Eveready sells over 1 billion 20 million batteries and 2.5 million flashlights.