At Jaipur market , Chana Desi started the day weak at Rs. 4350 per quintal, down by 2.79 per cent as compared to previous day. Moong Desi started weak at Rs. 6100 per quintal, lower by 3.17 per cent from previous price level. Moth Local at Jaipur market opened lower at Rs. 6000 per quintal, lower by 4.76 per cent from previous dayn#39;s price level. Urad Local at Jaipur market opened at Rs. 6800 per quintal, steady as against previous close. Chawala Red at Jaipur market started the day at Rs. 3800 per quintal, steady against previous close. Pulses in Jaipur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Jaipur Chana Desi 4350 -125 Jaipur Moong Desi 6100 -200 Jaipur Moth Local 6000 -300 Jaipur Urad Local 6800 0 Jaipur Chawala Red 3800 0 nnbsp;
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Friday, 7 August 2015
Pulses in Jaipur Physical Market Opened Weak
Mahindra & Mahindra, Tata Motors' Q1 net profit, margins to fall
Mahindra & Mahindra Ltd., India's biggest sports utility vehicle maker, and Tata Motors Ltd., the maker of the Jaguar-Land Rover luxury car, are expected to says profit fell in the fiscal first-quarter and operating profit margin narrowed.
Mahindra & Mahindra's margins are expected to be weak at 11.4% compared to 12.4% in the same period last year, Emkay Global said in a report.
The automaker is expected to report a 11% drop in net profit to Rs 7.84 billion while net sales are expected to fall 2.8% to Rs 99.73 billion in the quarter.
Meanwhile, Tata Motors is expected to report EBITDA margins at 15.2% in the first quarter compared to 18.2% in the same period last year, the report added.
The company's net profit is expected to fall 44.9% to Rs 29.36 billion while net sales is expected to drop 6.7% to Rs 603.3 billion in the first quarter.
At 11:15AM, Mahindra & Mahindra rose 1.21% to Rs 1,411.10 while Tata Motors climbed 1.50% to Rs 388.75 on the Mumbai stock exchange.The 30-share Sensex index rose 0.02% to 28,299.43.
Bombay Dyeing slips on reporting Q1 net loss on higher costs
: Bombay Dyeing & Manufacturing Company Ltd., the flagship company of Wadia Group, slipped after reporting net loss in the fiscal first quarter on higher finance costs and weak sales.
Net loss of the company stood at Rs 533.7 million in the three months ended Jun 30 compared to loss of Rs 536.3 million a year earlier and profit of Rs 1.78 billion a quarter ago, Bombay Dyeing said in a statement to the stock exchanges on Thursday after market hours.
The company's net sales slipped 27.4% to Rs 3.93 billion in the Apr-Jun period while finance cost climbed 15.5% to Rs 628 million in the quarter.
Other income of the company declined to Rs 40.2 million in the three months ended June compared to Rs 114.1 million a year earlier.
Revenue from textile segment declined 34.7% to Rs 878.9 million in the quarter while revenue from polyester slipped to Rs 2.74 billion from Rs 3.94 billion a year earlier.
At 11:35AM, Bombay Dyeing slipped 5.06% to Rs 82.60 on the Mumbai stock exchange.
TNS STOCKS:Sun Pharma spurts as unit Taro's Q1 profit surges over one-fold
Sun Pharmaceuticals Ltd, India's biggest drugmaker, gained Friday after its Israel unit Taro posted strong earnings for the first quarter.
Thursday, Taro said that its first quarter profit surged 125% to $103.6 million in the June quarter from $46 million in the same period a year ago.
Revenues in the quarter surged 65% to $215 million compared to 130.2 million in the same period a year ago.
However, sales volumes declined 10% as a result of increase in competitor activity in United States.
Parent Sun Pharma will unveil its first quarter earnings on Aug 11.
At 11PM, shares of Sun Pharma gained 0.77% to Rs 853 on the Mumbai stock exchange.
Uflex surges as Q1 group profit spurts 22% amid strong sales
Uflex Ltd, a local packaging company, jumped Friday after the company said that fiscal first quarter group profit climbed 22% on strong sales.
Group profit climbed to Rs 756 million in the Apr-Jun quarter from Rs 620 million in the same period a year ago.
Group sales jumped Rs 15.69 billion in the first quarter from Rs 14.95 billion in the same period a year ago.
Total expenses declined 3% to Rs 14.56 billion while finance costs dropped 4.2% to Rs 467.8 million in the same period a year ago.
At 11:25AM, shares of Uflex jumped 3.2% to Rs 180.80 on the Mumbai stock exchange.
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Jeera(Cumin Seed) in Rajkot Physical Market Started the Day Weak
At Rajkot market in Rajkot(Guj.), Jeera(Cumin Seed) Loose started weak at Rs. 11000-14375 per quintal, lower by 2.14 per cent from previous dayn#39;s price level. Arrivals were reported at 200 quintal, up by 70 quintal as against previous day. Jeera(Cumin Seed) in Rajkot(Guj.) Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Rajkot Jeera(Cumin Seed) Loose 11000-14375 -315 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in quintal.
Red Chilli in Physical Market Began Steady in Khargone
At Bedia market in Khargone, Red Chilli No. 12 began at Rs. 11500-11800 per quintal, unchanged as compared to previous close. Red Chilli Indu 2070 started the day at Rs. 11500-12000 per quintal, steady against previous close. Red Chilli MICO (Teja) at Bedia market started at Rs. 12000 per quintal, unchanged as compared to previous close. Red Chilli in Khargone Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bedia Red Chilli No. 12 11500-11800 0 Bedia Red Chilli Indu 2070 11500-12000 0 Bedia Red Chilli MICO (Teja) 12000 0 nnbsp;
Steady Sentiment Witnessed in New Delhi Red Chilli Physical Market
At New Delhi market , Red Chilli Teja(Khamam) started at Rs. 11000-12000 per quintal, unchanged as compared to previous close. Red Chilli Pala 12 at New Delhi market started the day at Rs. 9500-9800 per quintal, unchanged as compared to previous close. Red Chilli 334 at New Delhi market opened at Rs. 9500-9800 per quintal, steady as against previous close. Red Chilli Fatki at New Delhi market started at Rs. 8000-8200 per quintal, steady against previous close. Red Chilli Packing at New Delhi market opened at Rs. 9500-9800 per quintal, unchanged as compared to previous close. Red Chilli in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute New Delhi Red Chilli Teja(Khamam) 11000-12000 0 New Delhi Red Chilli Pala 12 9500-9800 0 New Delhi Red Chilli 334 9500-9800 0 New Delhi Red Chilli Fatki 8000-8200 0 New Delhi Red Chilli Packing 9500-9800 0 nnbsp;
Gold trades flat ahead United States nonfarm payroll data, ETF outflows
Gold traded flat in morning trades Friday ahead of United States nonfarm payroll data which may give Federal Reserve's stance on interest rate hike and on weak investment demand, said analysts.
"Gold trades flat ahead of NFP data while ETF outflows showed weaker investor interest which put pressure on the prices," said Madhavi Mehta an analyst with Kotak Commodities.
Prices of the yellow metal were flat as investors are cautious ahead nonfarm payroll data unemployment rate data to be released later today.
United States jobless claims dropped indicating improving job scenario in the world's biggest economy.
Jobless claims came at 270,000 for the week ended Jul 31 lower than analysts' estimate of 273,000 and 267,000 a week ago, a government data showed.
On Tuesday, Dennis Lockhart, Federal Reserve President of Atlanta expressed his support for an interest rate hike in September.
Lockhart, a voting member of Federal Open Market Committee this year, said to Wall Street Journal that it would take 'significant deterioration' in the United States economy for him not to support a September rate hike.
In its latest policy review last month, the central bank reiterated its resolve to hike rates later this year as the economy was poised for expansion and labour market was expected to improve further. A pick-up in US economy, the world's biggest, augurs well for emerging market especially for exporting companies.
The central bank said it was seeing 'solid' job gains and maintained its view that economic activity was expanding 'moderately', with the risks to the outlook 'nearly balanced'.
However, subdued investment demand following sharp drop in SPDR Gold Trust holding put pressure on the yellow metal prices , said analysts.
Holdings of SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, fell to 667.93 tons on Thursday compared to 670.62 tons on Wednesday, its lowest level since September 2008.
At 10:50AM gold for October delivery rose 0.09% to Rs 24,762 per 10 grams on the MCX. The yellow metal traded as high as at Rs 24,739 per 10 grams on the MCX.
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