Weekly Report on 16th July 2017

Nifty put up a commendable show this week as it closed at 9886, up a massive 220 points from last Friday. 9700 will act now as an intermediate support zone. On a shorter term, one could position trade Nifty from long side with stop loss at 9778, target 9990. LIC...

Morning Calls

Gruh Finance profit grows 20% in first quarter even as competition heats up. Bhansali Polymers revenue up 52%, PAT up 111%; margins at 13.2% versus 10.9% Suzlon starts to get back in shape. Suzlon’s Brazilian subsidiary Suzlon Energia Eolica do Brasil Ltda...

Morning Calls

Prime Minister to review FDI policy, may focus on easing curbs. HATSUN AGRO PRODUCT: Posted an 18.8% on-year rise in consolidated net profit to 351.9 mln rupees for Apr-Jun and revenue from operations rose 12.7% to 11.7 bln rupees during the quarter. INFIBEAM...

Morning Calls

BRAHMAPUTRA INFRASTRUCTURE: Joint venture VKGA-Brahmaputra-Tribeni has got an order worth 1.17 bln rupees for construction works on the railway line between Bairabi and Sairang stations from North East Frontier Railway, Guwahati.

Morning Calls

Tata motor has launched three new models of its small commercial vehicle Tata Ace–Ace XL, Ace Zip XL and Ace Mega XL. SBI Chairman Arundhati Bhattacharya said investment climate in the country is still grim, with the annual credit growth in the banking system...