X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
Investing in India? Get Equitymaster Research  
Indian share markets remain in green 
(Fri, 19 Jul 11:30 am) 
 
Indian share markets have remained in green in the last two hours of trade. IT and auto are leading the pack of winners while power and capital goods are facing the maximum selling pressures.

The BSE-Sensex is up by 64 points and NSE-Nifty is up by 8 points. BSE Mid Cap and BSE Small Cap indices are up by 0.1% and 0.3% respectively. The rupee is trading at 59.75 to the US dollar.

IT shares are trading on a mixed note with Tata Consultancy Services (TCS) and HCL Tech leading the gains while Mphasis Ltd and Info Edge are leading the losses. TCS has reported its first quarter results for FY14. Consolidated net sales have grown by 9.5% QoQ, aided by a 6.1% volume growth. Operating margin has increased by 0.6% QoQ to 26.9% during the quarter as compared to 26.3% seen during the previous quarter (4QFY13). On an absolute basis, the operating profit has increased by 12% QoQ. Net profit has grown by 5.9% QoQ on an absolute basis while the net profit margin has dropped marginally to 21.3% from 22% witnessed in the last quarter. The increase in the operating profit (EBIT) has been mitigated to some extent by the fall in 'Other Income' which has declined by 40.6% QoQ. This has restricted the increase in the absolute amount of Net Profit to 5.9% QoQ. The rise in net profits would have been slightly higher if not for the sequential increase in effective tax rate from 23% at the end of 4QFY13 to 24% at the end of 1QFY14.

Private Banks shares are trading on a mixed note with Federal Bank and South Indian Bank leading the gains while Karur Vyasa Bank and Kotak Mahindra Bank are leading the losses. Kotak Mahindra Bank has reported its results for first quarter ended June 30, 2013 (1QFY14).The Bank has reported 42.6% rise in its net profit at Rs 4028 m for the quarter as compared to Rs 2824.5 m for the same quarter in the previous year. Total income of the Bank has increased by 29% at Rs 26524 m for the current quarter as compared to Rs 20569.8 m for the quarter ended June 30, 2012.The Bank's gross NPA for the April- June quarter of the current fiscal stands at 2 % in 1QFY14, as compared to 1.6% in the same quarter of the previous year. Besides, the Bank's Net NPA stands at around 1% as compared to 0.8% in the same quarter of the previous year.

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

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Indian share markets remain in green". Click here!

  
 

TCS SHARE PRICE


Apr 21, 2017 (Close)

TRACK TCS

TCS - VISESH INFOTECHNICS COMPARISON

COMPARE TCS WITH

MARKET STATS