Dear Millionaires, Market Update is a new playlist in our MMM channel introduced to cover the important data like previous day chart, results, top stocks, dividend and break out stocks for trading with ease.
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•Market Update: Nifty gains 82 points to 11,762 & Sensex 255 points to 39,983
• Nifty Bank advances 461 points to 23,533.
•Gold rate today: Yellow metal trades flat at 50,552 levels
•Silver futures traded 0.36 percent higher at Rs 61,653 per kg.
•Tech Mahindra The stock added over a percent after the company entered into a joint venture with Sumitomo Corporation, Japan.
Philips Carbon The stock gained 3 percent on October 16. The company's net profit went down 25 percent at Rs 58 crore against Rs 77.4 crore (YoY). Revenue went down 23 percent at Rs 664 crore against Rs 863 crore (YoY
•Mindtree The share price was down over 6 percent after the company reported 19 percent QoQ jump in its consolidated net profit at Rs 253.7 crore against Rs 213 crore in the quarter ended June 2020. The company board declared an interim dividend of Rs 7.50 per equity share. The record date for payment of the interim dividend will be October 27, 2020.
•HCL Tech The stock was down 3 percent on October 16. September quarter net profit came in at Rs 3,142 crore against Rs 2,925 crore in the quarter ended June 2020.
•Alembic Pharma The share price ended in the green after the company received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Amantadine Hydrochloride Tablets, 100 mg.
•Cadila Healthcare The stock jumped 3 percent after Zydus Cadila has received final approval from the USFDA to market Fingolimod Capsules for the treatment of relapsing forms of multiple sclerosis (MS)
•Shakti Pumps The share price added over a percent after the company's consolidated net profit came in at Rs 22.5 crore against loss of Rs 4.3 crore (YoY).
•Amber Enterprises The stock jumped over 8 percent after the Directorate General of Foreign Trade banned the import of air conditioners (AC).
•Vimta Labs The share price gained 5 percent after the company reported a whopping 720 percent jump in standalone net profit in the September quarter.
•BPCL gains over 4% as govt doesn't see further extension to share sale
•Newly listed companies- Route Mobile, Chemcon & Happiest Minds under pressure
•UPL's shares dip over 9% after resignation of auditor from subsidiary
•Cyient The stock price jumped over 6 percent after the IT firm reported a 14.8 percent decline in its consolidated net profit to Rs 83.9 crore for September 2020 quarter.
•HDFC Bank reports 18.4% jump in Q2 profit at Rs 7,513 crore, NII rises 16.7%