Raghuveer Jandhyala

Editor, Tax Concept. I have written on market, finance, management, and technology.

RIL logo-e825277d

Pre-Market information-Reliance industries, HUL, Vodafone Idea, Adani Enterprises and others will be in focus today

The US markets fell on Thursday. Weak earnings of Netflix made Nasdaq correct. US futures too were in red. Asian markets are in red after sell-off on Wall Street. SGX Nifty also indicates a negative opening for Indian Markets. It seems like another day of correction for our markets. The following stocks will be in …

Pre-Market information-Reliance industries, HUL, Vodafone Idea, Adani Enterprises and others will be in focus today Read More »

HUL logo-df00dbd2

HUL Q3 Profit rises 17% YoY, Sales up 10% YoY

FMCG major Hindustan Unilever Limited (HUL) reports a stand-alone net profit of Rs. 2,243 Cr., a 17% rise YoY.  Its sales were up by 10% to Rs. 12,900 Cr. versus Rs. 11,682 Cr. in Q3 FY 21.  The company has registered 11% growth in domestic consumer growth. It also gains market share in both urban …

HUL Q3 Profit rises 17% YoY, Sales up 10% YoY Read More »

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Nifty closes below 17800, Sensex sheds 634 points; IT, Pharma, and FMCG Sectors down more than 1%

Indian markets have corrected for a third straight day. Both indices lost more than 1% points in today’s trade. Sensex sheds 634 points to close at 59464.62 points, while Nifty ends below 17800. It sheds 181 points to close at 17757. IT, Pharma, and FMCG sectors were worst hit sectors as heavyweights like Infosys, TCS, …

Nifty closes below 17800, Sensex sheds 634 points; IT, Pharma, and FMCG Sectors down more than 1% Read More »

Snesex and Nifty correction-99f655bc

Nifty below 17900, Sensex below 60000; Bajaj Auto down 2%; IT index down 1%

Indian markets trade lower amid mixed global cues. Nifty trades below 17900, while Sensex slips from 60000 level. Both of the indices lost around 0.60% in earlier session. Nifty IT continues its downward trend. Today Nifty IT index down by 1.09%. This index is followed by Nifty Pharma And Healthcare, Oil & Gas, and Banking …

Nifty below 17900, Sensex below 60000; Bajaj Auto down 2%; IT index down 1% Read More »

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Pre-Market Information-Bajaj Auto, L&T Infotech, Bajaj Finserv, HUL, Asian Paints, and other stocks will be in focus today

The US markets were in red for another day. European markets did well despite rising UK inflation and spike in bond yields. Asian markets look optimistic. Especially  Chinese markets jump as China cuts key lending rates. Realty stocks are doing well today. The US futures are indicating a flat trend. SGX Nifty indicates a negative …

Pre-Market Information-Bajaj Auto, L&T Infotech, Bajaj Finserv, HUL, Asian Paints, and other stocks will be in focus today Read More »

Sensex & Nifty down-666efcbb

Nifty closes below 18000, Sensex lost 656 points

Indian benchmark indices continued their bearish trend for a second straight day. Both indices traded lower amid weak global cues. They lost nearly 1%. Sensex sheds 656 points to close at 60098.82, while Nifty slips from 18000 level. It lost nearly 175 points to close at 17938.40. Nifty IT was the top losing sector with …

Nifty closes below 18000, Sensex lost 656 points Read More »

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Tata Elxsi stock up 9.5%. Hits New 52-week High

Tata Group’s design and technology services providing company Tata Elxsi’s shares jump on Wednesday’s intra-day trading 9.5% after its stellar performance in Q3 FY 22. Its net profit jumped to Rs 150.95 crore, a 43.49% growth YoY. Its revenue from operations in Q3 December 2021 stood at  Rs. 635.41 Cr., a 33.18% increase YoY. The …

Tata Elxsi stock up 9.5%. Hits New 52-week High Read More »

NSE & BSE-280ef46e

Markets trade lower with Nifty below 18100. IT stocks drag, Metal stocks shine

Indian benchmark indices trade lower amid weak global cues. Both Sensex and Nifty are trading low by around 0.30%.  Nifty Metal index leads. It is followed by Oil & Gas Index. Right Now, ONGC is the top gainer on Nifty with more than 3% gains followed by Coal India, Tata Steel, and Bajaj Finance with …

Markets trade lower with Nifty below 18100. IT stocks drag, Metal stocks shine Read More »

Bajaj Auto logo-df118a7b

Pre-Market Information-Bajaj Auto, L&T Technology Services, Nelco, JSW Energy, L&T Infotech, and others will be in focus today

The US indices hit multi-week lows on Tuesday. Stock futures are flat after sell-off on Wall Street. Financial and Technology Stocks face pressures. Goldman Sachs fell 8% yesterday. More banking earnings are yet to come. Asia-Pacific markets trade mixed after Tuesday’s sell-off on Wall Street. Sony shares down by 9% in early trades. European stocks …

Pre-Market Information-Bajaj Auto, L&T Technology Services, Nelco, JSW Energy, L&T Infotech, and others will be in focus today Read More »

Sensex-98fb8156

Sensex sheds 554 points, Nifty below 18200

Indian benchmark indices were down today amid weak Asian and European cues. Both Sensex and Nifty shed nearly 1%. Sensex lost 554 points to close at 60754.86 points, while Nifty fell to 18113 by losing 195 points.  All sectoral indices were in red. Nifty Realty, Nifty Metal and Nifty Auto indices lose more than 2%.  …

Sensex sheds 554 points, Nifty below 18200 Read More »

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Nifty and Sensex trade lower. Axis Bank stock up 2%. Eicher Motors stock down 3%

Indian benchmark indices trade lower amid mixed global cues. Both Sensex and Nifty down by more than 0.30%. Nifty is below 18250 while Sensex is below 61200.  Nifty Auto and Nifty Healthcare sectors drag the index while Nifty Realty and banking stocks lead the index.  Axis bank tops Nifty with more than 2% gains while …

Nifty and Sensex trade lower. Axis Bank stock up 2%. Eicher Motors stock down 3% Read More »

Bajaj finance-eed93da3

Pre-Market Information – Bajaj Finance, Tech Mahindra, Tata Elxsi and other stocks in focus today

Asian markets trade higher. US markets were closed on Monday. European markets ended higher. SGX Nifty indicates a flat start for Indian markets. The following stocks will be in focus: Tech Mahindra: This IT major bought Com Tec Co IT for Rs. 2627.97 Cr. It will buy 25% stake each in SWFT and Surance for …

Pre-Market Information – Bajaj Finance, Tech Mahindra, Tata Elxsi and other stocks in focus today Read More »

Sonata logo-664e5f46

Sonata Software Q3 Consolidated revenue jumped 92.5% QoQ

IT company Sonata Software posted good results.  Its Consolidated Net Profit rose to Rs.97.7 Cr from Rs. 91.2 Cr. It was a 7% growth QoQ and a 81.5% rise YoY.  Its Consolidated Revenue was at Rs. 1860 Cr against Rs. 966 Cr (QoQ). Its nearly a 92.5% jump from the previous quarter.   Its Consolidated EBITDA …

Sonata Software Q3 Consolidated revenue jumped 92.5% QoQ Read More »

Ultratech Logo-a6a9a752

Ultratech Q3 profit beats estimates

Cement giant Ultratech cement posted good results. These results exceeded expectations that’s why markets rewarded the stock with gains. On NSE, it was up by 2.74%.  It posted a consolidated profit after tax (PAT) of Rs 1,708 crore for the quarter ended December 2021, a 7.8 % up from Rs 1,584 crore in the year-ago …

Ultratech Q3 profit beats estimates Read More »

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Nifty above 18300 and Sensex above 61300. Hero Motocorp tops Nifty. HCL Technologies stock down around 6%

Indian benchmark indices ended marginally higher. Sensex added 85.88 points to close at 61308.91, while Nifty gains 52.30 points to end at 18308.10 points.  Nifty Auto led the index. Hero Motocorp was up by 5.13%. Tata Motors was also up by 2.96%. By posting decent results, Ultratech gained 2.74%. Grasim was also up by 3.31%. …

Nifty above 18300 and Sensex above 61300. Hero Motocorp tops Nifty. HCL Technologies stock down around 6% Read More »

Hero Motocorp-a1af58ba

Hero Motocorp stock up 5%. HCL Technologies stock down 5%. Sensex and Nifty trade flat

Indian benchmark indices trade flat amid mixed global cues. Nifty is above 18250 while Sensex is above 61300. Auto stocks lead. Hero Motocorp up by over 5% in early intra-day trading. Tata Motors, Maruti, and Bajaj Auto are also up with more than 2% gains.  Realty index is also doing well. Pharma and Healthcare, Metals, …

Hero Motocorp stock up 5%. HCL Technologies stock down 5%. Sensex and Nifty trade flat Read More »

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Pre-Market Information : HDFC Bank, HCL Technologies, Maruti Suzuki, Ultratech and others will be in focus today

Indian markets are going to open amid mixed global cues. US markets closed mixed on Friday. Today US markets will be closed on for the Martin Luther King Jr. Day. This week BoA, Goldman Sachs, Netflix, P&G, and Microsoft will announce results. The Dollar Index inches higher. However, the Asian markets trade mixed as investors …

Pre-Market Information : HDFC Bank, HCL Technologies, Maruti Suzuki, Ultratech and others will be in focus today Read More »

bse and nse-980d162e

Nifty and Sensex end flat amid volatility. Tata Consumer up 4%

Indian benchmark indices ended marginally lower. This means that their 5-day rally took a breather amid volatility. Sensex lost 12 points to close at 61223. Nifty shed 2 points to end at 18255 points.  Nifty Realty was the top gaining sector. Nifty IT and Consumer durables were also witnessed buying. Nifty Pharma and Health Care …

Nifty and Sensex end flat amid volatility. Tata Consumer up 4% Read More »

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Paytm stock up 8%

Paytm recovered from early losses to soar over 8% from its previous close. Ever since its listing, the stock lost around 50% of its market capitalization. Moreover, the brokerage firm Macquarie has downgraded its rating and also cut its target price to Rs. 900. The US Fed’s indication of early rate hikes and tightening of …

Paytm stock up 8% Read More »

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Nifty below 18200. Tata Consumer up 4.5%

Indian benchmark indices trade lower amid weak global cues. Nifty is below 18200.  Most of the indices are in red. Particularly selling pressure is visible in IT, realty, banking, and auto sectors. On the other hand, Metals, consumer durables, and media are seeing buying.  Tata Consumer is the top gainer on the index with 4.42% …

Nifty below 18200. Tata Consumer up 4.5% Read More »

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Pre-Market Information-Reliance Industries, Titan, HCL Technologies, Tata Motors, and others will be in focus

The U.S. markets were down yesterday. The FED indicated the rate hikes. The European markets ended lower. The Asian markets are in red. SGX Nifty also indicates a gap-down for Indian markets.  The following stocks will be in focus today:  Tata Motors: Its global wholesales rose to 2% QoQ. Its commercial vehicles wholesale rose to …

Pre-Market Information-Reliance Industries, Titan, HCL Technologies, Tata Motors, and others will be in focus Read More »

BSE-and-NSE-Why-are-there-two-Stock-Exchanges-in-India-cover-d11077f4

Nifty and Sensex end marginally higher. Tata Steel up 6.45%. Wipro down 6%

Indian benchmark indices ended with marginal gains amid volatility. Sensex added around 85 points to close at 61,235.30, while Nifty 50 gained nearly 46 points to end at 18257.80.  Metals and Pharma Indices lead the index. Tata Steel was the top gainer with 6.45% gains while Wipro was the top loser with 6.02% fall. Nifty …

Nifty and Sensex end marginally higher. Tata Steel up 6.45%. Wipro down 6% Read More »

Paytm logo-9b80f7a4

Paytm stock down 5%. The stock is 51% down from listing price

Paytm stock continued its downwards trend for the eighth straight day. It lost nearly 21% during this period. The stock is trading around Rs.1026 on NSE in Thursday intra day trading. The stock is 51% down from its listing price. Because of this fall, it lost significant market capitalisation. Its market cap came from Rs. …

Paytm stock down 5%. The stock is 51% down from listing price Read More »

Tata Elxsi-86912c61

Tata Elxsi rises 5% after LIC picks 1.04% stake

The design-led technology services provider Tata Elxsi stock soared more than 5% on Thursday. Today IT pack is showing a mixed trend. However, Infosys, TCS, and Tata Elxsi are among few stocks which are doing well today. Recently, LIC bought a 1.04% stake in Tata Elxsi. This news made the multi-bagger stock of Tata Group …

Tata Elxsi rises 5% after LIC picks 1.04% stake Read More »

Infy Tcs Wipro-f5a45b6c

Pre-Market information-Infosys, TCS, Wipro, Tata Motors, and others will be in focus today

The US markets were in green last night. The European markets closed higher. This morning the Asian markets are showing mixed trend. The US inflation was at 7%, highest in last 39 years. India’s CPI inflation for December stood at 5.59%. SGX Nifty indicates a positive opening for Indian markets. IT stocks will continue to …

Pre-Market information-Infosys, TCS, Wipro, Tata Motors, and others will be in focus today Read More »

Infosys office-5e63f288

Infosys Q3 FY22 revenue up 12% to Rs. 5809 Cr (YoY)

IT giant Infosys posted a Rs. 5809 Cr revenue in Q3 FY 22. It is 12% uptake from the same quarter, Year on Year.  Its operating revenue rose by 23% to Rs. ₹31,867 Cr. from ₹25,927 Cr. in Q3 FY21.  It said its sequential growth was at 7% for Q3 FY22. It revised its revenue …

Infosys Q3 FY22 revenue up 12% to Rs. 5809 Cr (YoY) Read More »

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TCS Q3 Revenue is at Rs. 48885 Cr. It is In Line with Estimates

IT Giant TCS declared its Q3 FY22 results. Its Revenue stood at Rs. 48885 Cr. It was 4.31% more than that of Q2 FY22. Its revenue in dollar terms was at $ 6524 million. It said its revenue in constant currency terms was up by 4% sequentially. It also said that it will achieve double …

TCS Q3 Revenue is at Rs. 48885 Cr. It is In Line with Estimates Read More »

TCS Board announces Rs. 18000 Cr Buyback

IT giant Tata Consultancy Services (TCS) Board approves a Rs 18,000-crore share buyback. It is its fourth biggest buyback exercise in the past 5 years. It fixed the buyback price at Rs. 4500 apiece. During this buyback operation it will buy 4 Cr. shares. This is equivalent to 1.08% of its total paid-up share capital.  …

TCS Board announces Rs. 18000 Cr Buyback Read More »

Vodafone Idea logo-e5dd36fe

Vodafone Idea up 8.5% after management’s clarification

Vodafone Idea clarified that the government will not take over the Telecom entity. On Tuesday, its exercise of the option of converting the interest payable for the four years of deferment on the deferred spectrum installments and also on the AGR dues into equity sparked fears of government’s intervention among investors. On Tuesday, the stock …

Vodafone Idea up 8.5% after management’s clarification Read More »