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23 July, 2018 10:22 AM Lodha Developers' net profit rises 32% at Rs 790 cr in FY18

Realty major Lodha Developers has reported a 32 percent rise in its consolidated net profit at Rs 790 crore during the last fiscal on account of higher sales, especially in the affordable housing segment. Its net profit stood at Rs 599 crore in the 2016-17 financial year. Total income of the company, which plans to launch its maiden public issue soon, rose by 22 percent 37

19 July, 2018 10:13 AM Sensex, Nifty Close Marginally Lower; Pharma, IT Stocks Lead Losses

Top laggards on the 50-scrip Nifty were Hindalco, Kotak Mahindra Bank, Larsen & Toubro, Cipla and Dr Reddy's Laboratories. Domestic stock markets finished Thursday's session on a sluggish note, with the BSE Sensex closing 22 points lower. National Stock Exchange (NSE) benchmark index Nifty settled at 10,957, down 23 points. The key indices were dragged 62

18 July, 2018 6:07 AM HDFC shares hit record high ahead of Rs 2,800cr AMC IPO next week

Housing Development Finance Corporation share price gained 1.2 percent intraday on Wednesday after its subsidiary HDFC Asset Management Company decided to open the initial public offering for subscription next week. HDFC informed exchanges on Tuesday that the IPO will be open for subscription by anchor investors on July 24 and the IPO will remain open for public 43

17 July, 2018 6:12 AM HUL slips 3% despite a better Q1 show; brokerages downgrade rating but raise target price

Shares of Hindustan Unilever slipped more than 3 percent intraday Tuesday despite company reporting better numbers in the quarter ended June 2018. The share has touched a 52-week high of Rs 1,779.95 during the opening trade. The company had reported a 19.2 percent YoY rise in its standalone net profit to Rs 1,529 crore for the quarter ended June. Analysts 51

11 July, 2018 1:08 PM Kotak Mutual Fund to launch dynamic asset allocation scheme on July 13

Kotak Mutual Fund will launch Kotak Balanced Advantage Fund, an open-ended dynamic asset allocation fund on July 13, a press release from the fund house said. The scheme will follow a multi-cap approach for an equity allocation and dynamic bond approach for debt allocation. The investment model would keep net equity exposure low when the market valuations 51

9 July, 2018 8:41 AM D-Street Buzz: Axis Bank, Yes Bank jump 2-3% as Bank Nifty gains, Time Technoplast zooms 13%

The breadth of the market favoured advances, with 1224 stocks advancing, 494 declining and 359 remaining unchanged. On BSE, 1681 stocks advanced, 845 declined and 119 remained unchanged. The Indian benchmark indices continue to trade on a positive note this Monday afternoon with the Nifty adding 77 points and is trading at 10,850 mark. The Sensex 45

9 July, 2018 4:33 AM Traders can adopt an Long Iron Butterfly Spread on Bank Nifty

Shubham Agarwal of Quantsapp said Bank Nifty option data suggests highest call congestion at 26,000 put and 27,000 call with open interest of over 6 lakh shares. The July series kick started on a positive note with both the Nifty and Bank Nifty gaining 0.75 percent to 0.5 percent, respectively. However, the broader range for indices still remains intact 43

6 July, 2018 6:31 AM Kotak Securities upgrades Ashok Leyland to buy; slowdown concerns is overdone

Shares of Ashok Leyland surged 6 percent intraday Friday as broking house Kotak Securities has upgraded the stock to buy from add rating with a target of Rs 160 share. According to Kotak Securities, the slowdown concerns is overdone. It sees EPS CAGR of 21% over FY18-21. At 11:57 hrs Ashok Leyland was quoting at Rs 131.60, up Rs 6.45, or 5.15 percent 42

4 July, 2018 5:23 AM After Gold, Indians' New Big Shopping Love Is....Electronics

Government data for 13 months to May show electronics imports were valued at $57.8 billion, way more than $35.8 billion worth of gold purchases. Indians' love for gold is well known, but they have a new-found fascination for electronics. That, however, is coming at a cost. The relentless rise in purchases of smartphones, TVs and other goods have made electronics 48

28 June, 2018 5:21 AM Add Colgate, target Rs 1,300; expect higher ad investment on flagship brand: Kotak Securities

Kotak Securities has maintained add rating on Colgate Palmolive with a target of Rs 1,300 per share. According to research house, the company is not regaining any market share lost to Patanjali yet, while underlying category volume growth is inching up but at a slow pace. The price hikes is going to take care of input cost inflation trends and expect 37