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19 May Closing Update- Sensex settles with small gains, FMCG stocks gained

The last trading day witnessed a divergent trend as the BSE index, Sensex settled with small gains whereas the NSE Nifty settled a bit lower. The Sensex, rose 30.13 points or 0.1% at 30,464.92,. The Nifty index was off 1.55 points or 0.02% at 9,427.90, Gains triggered by stable global stocks and reports of the GST Council finalizing rates for most goods were mostly offset by profit booking. SBI rose 1.9 percent after net profit rose 122.72 percent to Rs 2,814.82 Cr, on 7.83 percent increase in total income to Rs 57,720.10 crore in Q4 FY17 year-on-year. FMCG stocks gained on hopes the new GST ...
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Shares of Kotak Mahindra Bank in Focus ahead of its QIP issue

Kotak Mahindra Bank has recently approved a QIP issue (Qualified institutional placements) at a price of Rs 913.24, per share, to raise the fund of about Rs 5600.00 Cores. The stock is the top gainer touching the fresh 52-week high of Rs 980.5% during the first half of today’s trading session. It is trading at above the crucial volume weighted average (VWA) price of Rs 970.66 per share, attracting the traded volume of 13,95,041 shares with traded value of Rs 135.41 Crore. In past seven trading sessions, Kotak Mahindra stock has witnessed more than 60% of deliverable quantity as with reference ...
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SREI Infrastructure Finance declines on profit booking

Stocks of SREI Infrastructure Finance fell 2.1% to Rs 102.50 at the lunch hours on BSE, on profit booking. The stock had hit a high and a low of Rs 105.70 and Rs 102.40 respectively, during the day. The stock had outperformed the market since the past one month till 4 May 2017, rising 21.96% compared with the Sensex's 0.72% rise. SREI is a mid-cap company, having equity capital of Rs. 503.09 crore, with face value of Rs. 10, per share. The company’s consolidated net profit surged 291.7% to Rs 67.21 Cr, on 43% rise in total income to Rs. 1,134.57 crore in third quarter December 2016 Y-O-Y.
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Gail India Touches 0.64% in an early trade today

The share price of Gail (India) Ltd touched 0.64% in an early trade today and is being traded at Rs. 424 in an intraday basis. The share price touched fresh 52-week high at Rs 426.45 on Monday, after winning orders from Kerala. The company has obtained contracts for pipeline laying works valued Rs 200 crore. The company will work on Kochi-Mangaluru pipeline in Kerala for another 131 km section from Areecode to Kurumathoor. The end to end construction in works of the Kochi- Kuttanad-Mangaluru pipeline in the 91 km Kochi-Kuttanad section as well as in the 105 km Perole -Mangaluru section is al...
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