Daily Archives: Friday February 8th, 2019

Higher Delivery Quantity (08/02/2019)

SingleDataSeriesExample_01
NAME DELV QTY AVG QTY CLOSE
SKFINDIA 102784 5972 1927.30
SUNDRMFAST 355681 23756 533.60
MINDACORP 287094 25622 135.50
GUJFLUORO 246957 25874 878.85
ATUL 33239 4162 3467.05
TIMETECHNO 475361 61530 81.90
TIFIN 323637 43814 440.20
FINCABLES 117560 16527 393
GREAVESCOT 567924 86607 120.35

52 Week High Breakout (08/02/2019)

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DIVISLAB 1685.10

Lenders start selling Anil Ambani’s shares to companies

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After the bankruptcy petition of Mumbai-RCom (Reliance Communications) started the bad days of other companies of Anil Dhirubhai Ambani group. After the market capitalization of Anil Dhirubhai Ambani group companies declined by about Rs 12,600 crores this month, the lenders have started selling the shares pledged.
According to information given to the stock exchange, the lenders have sold 5.5 billion shares of Reliance Power, Reliance Infrastructure, Reliance Communications and Reliance Capital. After giving Reliance Communications a bankruptcy application, the confidence of the investors on other group companies has been reduced. The effect of the sale of these four companies is also on other group companies.
This week, after the massive thrashing of Reliance Communications shares, the market capitalization of the company has dropped by more than 60 per cent, while Reliance Power and Reliance Infra’s shares have plummeted by nearly 60 per cent. Reliance Capital’s share has fallen by more than 30 per cent this week.

Heavy fall in the market

Sensex

Mumbai- The biggest drop in the market was seen on the last day of the week. The Sensex closed down 425 points, while the Nifty slipped below the level of 11000 with a weakness of 125 points. Bank Nifty also weakened 92 points. Of the 12 Nifty’s 12 shares, 11 stocks have closed down. At the same time, if you talk about the midcap index, it also weakens about 250 points.
On Friday, auto, metal were included in the worst-hit sectors in the market. The drop in realty has seen the decline in all sector index. Midday and small-cap stocks have also been beaten with heavy shares today. The BSE Mid-cap index has closed 1.40 percent down at 14328 level. While the Smallcap Index fell 0.89 percent to close at 13656 levels. Oil and gas stocks have also been hit hard. BSE’s oil and gas index fell by 1.72 per cent.
Shares of Tata Motors have been hit hard. The stock closed with a decline of 17 per cent. Tata Motors DVR has broken more than 14 per cent. JLR has been in the deficit for the third consecutive quarter due to challenges in China. Tata Motors has provided a loss of Rs 27838 crores for JLR.
At the end of the turnover, BSE’s 30-share index Sensex closed at 425.64 points, which is 1.15 percent, at 36546.48. On the other hand, NSE’s 50-share index Nifty closed at 10943.60 with a loss of 125.80 points i.e. 1.14 percent.

Uco Bank’s loss of Rs 999 crore

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In the third quarter of the financial year 2019, the government bank UCO Bank lost Rs 999 crore, while the deficit was Rs 1,016.4 crore in the same period of the financial year 2018. In the third quarter, interest income of UCO Bank rose 0.8 percent to Rs 826.6 crore, from Rs 820 crore in the same period last year.
Similarly, the bank’s bad loans (NPA) gross witnessed an increase, which reached 27.39 per cent. Earlier it was at 25.37 percent. Net NPA also increased from 11.97 percent to 12.48 percent. The bank reduced the provision during this period and it came down from Rs 1,643 crore to Rs 1,400 crore, compared to Rs 1,385 crore in the third quarter of last year.

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