Balaji Amines zoomed to a record high, as the stock rallied 17.4% on massive volumes today. The Company reported a solid set of quarterly numbers after-market hours yesterday. Its net profit grew by an impressive 34.2% y/y, while sales grew at 16.9% in Q2 FY 2017.
Today’s Action:
Key Indices observed a subdued performance today. However, the broader indices outperformed the frontline indices, while the Nifty Realty stole the show.
Daily Market Review:
The Indian market frittered away from the promising start and remained in the negative territory throughout the session. The investors remained shy to take new positions in the stock, before the earnings release. Continue reading “Daily Big Picture – Benchmark Indices Observed a Sombre Session Today”
Dewan Housing Finance continued its good run in today’s session, as the stock climbed to a new high. The stock has gained 166% since the beginning of 2017.
Today’s Action:
Benchmark indices started the day on a positive note; however, as the day progressed there was some volatility observed in today’s trading session.
Daily Market Review:
The Indian market made a positive start to the week with both the indices extending their gains in today’s trading session. The key indices made an intraday all time today, as investors remain bullish in their approach to investing. Broader indices outperformed the frontline indices today. Continue reading “Daily Big Picture – Bulls Lead The Market To Record Highs Amidst Volatility”
The week gone observed heavy accumulation in most of the PSU banks, in fact, on Wednesday, the Nifty PSU Bank index surged almost 30%. The major reason for this jump was the Bank recapitalization plan announced by the government. Continue reading “The Impact Of Recapitalization on PSUs: Redefined”
