RBI announced their bi-monthly monetary policy today and cut the rates by 0.35% basis points, market didn’t respond much to the development and went on to go negative around -109.50 points and closed at 10838.75. Index may take a support of price band of 10730 -10640 and may find a supply zone around price range of 11080-11210
Cadila Healthcare gets letter from U.S. FDA Classifies inspection at Co's Moraiya Facility As OAI (Official Action Indicated).
The result of UCO Bank to be declared on 8th Aug,2019. So we are expecting a big movement in this banking stock.
Bajaj Electricals Ltd:
Bajaj Electricals ltd posted June Quarter on 07th August 2019 profit falls around 66 percent as compare to last year.
Voltas posted result for June quarter on August 7, 2019 net Profit of falls to Rs. 165 crore versus Rs. 187 crore last year.
Adaniports posted result for June quarter on August 7, 2019 net Profit raised 16 percent to Rs. 1870 crore.
Cummins India Limited:
Cummins India Limited says due to the liquidity crunch in the economy its' order intake husrt. Order intake was also hurt by uncertainty in run up to elections which cause delay in projects aprovals they added.
Cipla posted net profit of Rs. 478 crore for June quarter versus 451 crore last year. The net profit of June quarter was more than esimated profit.
State Bank of India:
In the Credit policy announcement on August 7th2019 RBI cuts Rapo Rate by 0.35 percent, hence good volume are expecting in PSU banks.
Aster DM Healthcare Limited:
Aster DM Healthcare Limited Net Profit of Rs. 337 Million versus Rs. 96.20 Million last year.
Indiabulls Ventures Limited:
Indiabulls Ventures Limited posted June quarter result, net profit rises to 110 crore versus 87.7 crore last year.
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