Last Updated: 21 Apr 2019 10:06 AM

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  • Sensex at New Highs, Jet Airways Suspends Operations - Your Inside Scoop of the Markets


    Jet Airways, once India's largest private airline halted its operations indefinitely yesterday. The carrier flew its last scheduled flight from Amritsar to Mumbai yesterday, as the debt-ridden company decided to suspend its operations on a temporary basis with no cash to run operations any further.

    Is this the end of the runway for the company?

    Tata Motors is seen to be making a comeback. The auto major is planning to expand its electric vehicles (EV) segment in the passenger vehicle space by widening its portfolio. Shares of the company have rallied 62% from their February 8, 2019, low of Rs 142.

    What's triggering this rally?

    Specialty chemicals maker Neogen Chemicals is set to raise over Rs 1.3 billion through its initial public offer (IPO) opening on 24 April.

    Is it worth subscribing?

    You will find answers to all these questions, and more in today's podcast.

    Tune in....



    This article (Sensex at New Highs, Jet Airways Suspends Operations - Your Inside Scoop of the Markets) is authored by Equitymaster.

    Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

  • RELIANCE CAPITAL Plunges by 10%; BSE 500 Index Down 0.4%


    RELIANCE CAPITAL share price has plunged 10% and is presently trading at Rs 173.

    Meanwhile, the BSE 500 Index is at 15,571 (down 0.4%).

    Among the top losers in the BSE 500 Index today are RELIANCE CAPITAL (down 10.0%) and JET AIRWAYS (down 29.4%).

    SPICEJET (up 5.9%) and STAR CEMENT LTD (up 5.9%) are among the top gainers today.

    Over the last one year, RELIANCE CAPITAL has moved down from Rs 439 to Rs 173, registering a loss of Rs 266 (down 60.5%)..

    The BSE 500 has moved up from 14,751 to 15,571, registering a gain of 820 points (up 5.6%) during the last 12 months.

    The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 113.3%), BALRAMPUR CHINI (up 98.6%) and VINATI ORGANICS (up 90.1%).

    What About the Benchmark Indices?

    The BSE Sensex is at 39,487 (down 0.2%). The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 3.3%). The most traded stocks in the BSE Sensex are WIPRO and TATA MOTORS.

    In the meantime, NSE Nifty is at 11,856 (down 0.1%). TATA MOTORS (up 3.4%) and RELIANCE IND. (up 2.9%) are among the top gainers in NSE Nifty.

    Over the last 12 months, the BSE Sensex has moved up from 34,305 to 39,487, registering a gain of 5,182 points (up 14.3%).

    RELIANCE CAPITAL Financial Update...

    RELIANCE CAPITAL net profit down at Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 3 billion a year ago. Net Sales rose 5.3% to Rs 50.0 billion during the period as against Rs 47.5 billion in October-December 2017.

    For the year ended March 2018, RELIANCE CAPITAL reported 1.0% decrease in net profit to Rs 12.3 billion compared to net profit of Rs 12.5 billion during FY17.

    Revenue of the company grew 13.5% to Rs 199 billion during FY18.

    The current Price to earnings ratio of RELIANCE CAPITAL, based on rolling 12 month earnings, stands at 4.9x.

    This article (RELIANCE CAPITAL Plunges by 10%; BSE 500 Index Down 0.4%) is authored by Equitymaster.

    Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

  • CRISIL Plunges by 5%; BSE 500 Index Down 0.5%


    CRISIL share price has plunged 5% and is presently trading at Rs 1,600.

    Meanwhile, the BSE 500 Index is at 15,571 (down 0.5%).

    Among the top losers in the BSE 500 Index today are CRISIL (down 5.0%) and RADICO KHAITAN (down 5.2%).

    SPICEJET (up 5.6%) and DEEPAK FERTILISERS (up 3.9%) are among the top gainers today.

    Over the last one year, CRISIL has moved down from Rs 1,952 to Rs 1,600, registering a loss of Rs 352 (down 18.0%)..

    The BSE 500 has moved up from 14,751 to 15,571, registering a gain of 820 points (up 5.6%) during the last 12 months.

    The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 113.3%), BALRAMPUR CHINI (up 100.1%) and VINATI ORGANICS (up 90.6%).

    What About the Benchmark Indices?

    The BSE Sensex is at 39,487 (down 0.3%). The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 3.0%). The most traded stocks in the BSE Sensex are WIPRO and TATA MOTORS.

    In the meantime, NSE Nifty is at 11,856 (down 0.3%). TATA MOTORS (up 3.0%) and RELIANCE IND. (up 2.6%) are among the top gainers in NSE Nifty.

    Over the last 12 months, the BSE Sensex has moved up from 34,305 to 39,487, registering a gain of 5,182 points (up 14.2%).

    CRISIL Financial Update...

    CRISIL net profit stood at Rs 1 billion for the quarter ended December 2018, compared to a profit of Rs 956 million a year ago. Net Sales rose 5.9% to Rs 4.7 billion during the period as against Rs 4.4 billion in October-December 2017.

    For the year ended December 2018, CRISIL reported 19.3% increase in net profit to Rs 3.6 billion compared to net profit of Rs 3.0 billion during FY17.

    Revenue of the company grew 5.4% to Rs 17 billion during FY18.

    The current Price to earnings ratio of CRISIL, based on rolling 12 month earnings, stands at 30.4x.

    This article (CRISIL Plunges by 5%; BSE 500 Index Down 0.5%) is authored by Equitymaster.

    Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

  • Sensex Turns Red; Jet Airways Bleed


    Stock markets in India are presently witnessing selling pressure. The BSE Sensex is trading down by 111 points and the NSE Nifty is trading down by 34 points. Meanwhile, both the BSE Mid Cap index and the BSE Small Cap index are trading down by 0.8%.

    Among the sectoral indices, telecom stocks, realty stocks and metal stocks are witnessing selling pressure, while automobiles stocks and energy stocks are leading the pack of gainers.

    In the news from the aviation sector. Aviation stocks are in focus today, especially after Jet Airways, which plunged 27%, on temporarily adjourning its operation due to lack of funds.

    The fall in Jet Airways provided strength to SpiceJet and Indigo, which gained 8% and 2%, respectively.

    On Wednesday, Jet flew its last scheduled flight from Amritsar to Mumbai, as the debt-ridden company decided to suspend its operations on a temporary basis with no cash to run operations any further.

    The development comes after lenders led by State Bank of India decided to reject the plea for emergency funds.

    Interestingly, the development brings cheers to SpiceJet and Indigo with SpiceJet announcing the addition of six more Boeing 737-800 NG aircraft on dry lease.

    Reportedly, these 6 aircrafts are in addition to the 16 B737s and 5 Q400s that the airline will soon induct.

    The total number of planes to be inducted in the immediate future now stands at 27. The airline has applied to the Directorate General of Civil Aviation for a No Objection Certificate (NOC) to import the planes. Subject to regulatory approvals the aircraft would begin joining SpiceJet's fleet in the next ten days, the reports noted.

    Note that, Jet Airways used to be a frontrunner once. What went wrong?

    Well, one of the many reasons was the challenge from the entry of budget carriers. This led to dropping of fares by Jet Airways. Some tickets were sold even below the breakeven cost.

    Then, provincial taxes of as much as 30% on jet fuel were added to its expenses. Further, the rise in oil prices was a death blow to their earnings.

    Jet Airways: Bleeding Red

    On a consolidated level, the company has bled in nine of the last eleven fiscals. In other words, it has kept its bottomline in the black in only two out of the last eleven years.

    To know more about the company, you can access to Jet Airways Q3FY19 result analysis and Jet Airways 2018-19 Annual Report analysis on our website.

    At the time of writing, Jet Airways was trading down by 27%.

    Moving on to the news from the pharma sector. Zydus Cadila on Wednesday received final nod from the US health regulator to market generic Acetazolamide injection.

    Acetazolamide is effective in the control of fluid secretion, for example in some types of glaucoma and treatment of certain convulsive disorders.

    The company has received final approval from the United States Food and Drug Administration (USFDA) to market Acetazolamide for injection 500 mg per single-dose vial.

    The product will be manufactured at the group's formulations manufacturing facility at Moraiya, Ahmedabad.

    It is a generic version of Diamox for injection, the reports noted.

    The group now has 262 approvals and has so far filed over 350 abbreviated new drug applications (ANDAs) since the commencement of its filing process.

    To know more about the company, you can access to Cadila Healthcare's latest result analysis and Cadila Healthcare's stock analysis on our website.

    At the time of writing, Cadila Healthcare share price was trading down by 0.4%.

    And to know what's moving the Indian stock markets today, check out the most recent share market updates here.



    This article (Sensex Turns Red; Jet Airways Bleed) is authored by Equitymaster.

    Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

  • RADICO KHAITAN Plunges by 5%; BSE 500 Index Down 0.5%


    RADICO KHAITAN share price has plunged 5% and is presently trading at Rs 354.

    Meanwhile, the BSE 500 Index is at 15,571 (down 0.5%).

    Among the top losers in the BSE 500 Index today are RADICO KHAITAN (down 5.0%) and RELIANCE CAPITAL (down 7.6%).

    SPICEJET (up 6.9%) and DEEPAK FERTILISERS (up 3.4%) are among the top gainers today.

    Over the last one year, RADICO KHAITAN has moved down from Rs 384 to Rs 354, registering a loss of Rs 30 (down 7.7%)..

    The BSE 500 has moved up from 14,751 to 15,571, registering a gain of 820 points (up 5.6%) during the last 12 months.

    The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 104.8%), BALRAMPUR CHINI (up 92.8%) and VINATI ORGANICS (up 88.0%).

    What About the Benchmark Indices?

    The BSE Sensex is at 39,487 (down 0.3%). The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 2.7%). The most traded stocks in the BSE Sensex are WIPRO and TATA MOTORS.

    In the meantime, NSE Nifty is at 11,856 (down 0.3%). TATA MOTORS (up 2.5%) and RELIANCE IND. (up 2.3%) are among the top gainers in NSE Nifty.

    Over the last 12 months, the BSE Sensex has moved up from 34,305 to 39,487, registering a gain of 5,182 points (up 14.2%).

    RADICO KHAITAN Financial Update...

    RADICO KHAITAN net profit stood at Rs 521 million for the quarter ended December 2018, compared to a profit of Rs 350 million a year ago. Net Sales rose 18.2% to Rs 20.6 billion during the period as against Rs 17.4 billion in October-December 2017.

    For the year ended March 2018, RADICO KHAITAN reported 54.2% increase in net profit to Rs 1.2 billion compared to net profit of Rs 801.0 million during FY17.

    Revenue of the company grew 28.8% to Rs 63 billion during FY18.

    The current Price to earnings ratio of RADICO KHAITAN, based on rolling 12 month earnings, stands at 24.4x.

    This article (RADICO KHAITAN Plunges by 5%; BSE 500 Index Down 0.5%) is authored by Equitymaster.

    Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

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