Dull Start to the Week; Britannia Industries Up 5%

Mon, 7 Aug Closing

   Previous Close   

   Pre-Open   

   09:30 am   

   11:30 am   

   01:30 pm   

Indian share markets continued to trade range bound in the afternoon session to finish marginally lower. At the closing bell, the BSE Sensex closed lower by 52 points and the NSE Nifty finished down 9 points. The S&P BSE Mid Cap finished up by 1.1% while & S&P BSE Small Cap finished up by 1.2%.

Gains were largely seen in PSU stocks, energy stocks, and realty stocks. Pharma stocks and software stocks finished in red.

Tata Steel share price hit its 52-week high and finished the day up by 4.3% ahead of the company's quarterly results. As per the street estimates, Tata steel is expected to see strong earnings on year-on-year basis but the sequentially numbers may be weak.

Sale of investment in Tata Motors will aid profitability during the quarter. The company sold stake in Tata Motors at a price of Rs 453 per share to Tata Sons and that will realise income to the tune of Rs 37 billion.

Asian stock markets finished higher today with shares in China leading the region. The Shanghai Composite is up 0.53% while Japan's Nikkei 225 is up 0.52% and Hong Kong's Hang Seng is up 0.46%. European markets are mixed today. The CAC 40 is up 0.20% while the FTSE 100 gains 0.15%. The DAX is off 0.21%.

The rupee was trading at Rs 63.73 against the US$ in the afternoon session. Oil prices were trading at US$ 48.87 at the time of writing.

Britannia Industries is planning to set up its largest plant in a food park at Ranjangaon in Maharashtra. The park would have the largest biscuits manufacturing plant with six lines, along with cake and risk.

The proposed JV plant with Greek company Chipita would be also be located there and it would on stream from June 2018. The company was also planning to set up a diary project at the food park with a capacity of seven lakh litres per day.

Meanwhile, Britannia reported marginal fall of 1.41% in its net profit at Rs 2.16 billion for the quarter under review as compared to Rs 2.19 billion for the same quarter in the previous year. However, total income of the company increased by 6.21% at Rs 23.75 billion for Q1FY18 as compared Rs 22.36 billion for the corresponding quarter previous year.

Britannia Industries, one of the India's biggest brands of the country, has a market share of over 33%. The company is expanding its customer base by launching new products and renovating existing ones.

Patanjali Disrupts FMCG Pecking Order

Patanjali seems to have disrupted FMCG business. It has challenged the FMCG titans using an age-old tradition - Ayurveda - as its USP. And a yoga guru as its brand ambassador.

The share of Indian households that use the Patanjali brand is estimated at 38%. That's huge for a company barely a decade and a half old. Especially if you consider Patanjali's competition.

In 2016-17, the company posted revenues of more than Rs 100 billion. It has surged past behemoths such as ITC, Nestle India, Britannia Industries, and Dabur to become the second largest pure play FMCG company, second only to HUL.

Britannia share price finished the trading day up by almost 5% on the BSE.

In news from economic sector, after one month of the implementation of Goods and Services Tax (GST), the collections from customs duty and Integrated-GST (IGST) from imports has almost doubled to Rs 300 billion in July. The July collections compare to indirect tax collection of over Rs 160 billion of the same month of 2016.

As per an article in The Economic Times, the revenue collected include those on account of customs duty, IGST from imports, Countervailing Duty (CVD), special addition duty (SAD) and cess collection on imported items. GST, which subsumed more than a dozen central and state levies like excise duty, service tax and VAT, was implemented from July 1.

However, the tax revenues which will come on account of Central GST (CGST) and State GST (SGST) will be known only after domestic manufacturers, dealers and traders file their tax returns. Besides, over 7.13 million excise, service tax and VAT payers have migrated to the GSTN portal with 1.3 million fresh registrations.

Eros International share price surged 4.5% after it was reported that the company is in talks with Apple Inc. to sell its entire content library of films and music for around US$1 billion. A deal may also include their digital OTT platform, Eros Now, billed as the Netflix of Bollywood.

Parallel discussions with rival media and technology majors Amazon and Netflix have also gathered momentum. The company's planning to embark on a mega restructuring exercise that is likely to result in a reverse merger of its parent Eros International Plc into its locally listed subsidiary Eros International Media by the end of this financial year to create a single listed firm.

In news from engineering sector, L&T share price finished the trading day in green up 0.2% after the company bagged Rs 10.5 billion contract for electrification of 781-km rail track from Indian Railways. This is the first engineering, procurement and construction (EPC) contract of the Indian Railways under its Mission Electrification.

The contract has been awarded for electrification in two sections -- the Delhi-Sarai Rohilla-Rewari and Alwar- Bandikui-Jaipur-Phulera-Ajmer section (353-route-km at a cost of Rs 5.94 billion) and the Roha-Verna section of Konkan Railway (428-route-km at a cost of Rs 4.56 billion).

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers