Chhaya Pravin Mutha

Tech Stocks - Northbound journey continued in the tech stocks after better than expected Q1 results announced by Infosys, HCL Tech and Wipro. Both the Tech giants Infosys and HCL Tech closed on a record high today. HDFC Bank- HDFC Bank reported Q1 net profits at Rs6660cr grew at 19.6% YoY (inline to our estimates at Rs6680cr) , NII growing at 8% YoY (3% QoQ) to Rs15660cr (expectation Rs15390cr). Other income declined 18% YoY to Rs4070cr (34% below estimates at Rs6140cr) affected by decline in fees & commission income (37% YoY/49% QoQ decline) due to lockdown . Total provisions spiked to Rs3890cr (49% YoY increase) – Expectation Rs4150cr. GNPA at 1.4% vs 1.3% (QoQ) – expectation 1.3%. NNPA at 0.3% vs 0.4% (expectation 0.4%). #MOMarketUpdates #HDFCBank #HCL #Infosys #MotilalOswal #Indianstockmarkets #nifty #sensex #nifty50 #nse #bse

Rally on tech stocks may continue after tech major Infosys, TCS and Wipro reported strong Q1 results. Mid-cap tech major L&T Infotech has also reported better than expected Q1 results. Infosys EBIT margin guidance (21%-23%) is again a big positive surprise in the market. #MOMarketUpdates #Infosys #TCS #Wipro #Nifty50 #Indianstockmarket #MotilalOswal

Google invests $4.5B in India's Jio Platforms, takes 7.73% stake. #MOMarketUpdates #JIO #Facebook #Google #indianstockmarket #Reliance #Nifty50 #MukeshAmbani

Airtel Allies With Verizon to Offer Video Calling in India - India’s No. 2 mobile phone carrier is allying with Verizon Communications to offer group video calling, a service that’s booming as the pandemic has made face-to-face meetings too risky for many. Bharti Airtel will provide Verizon’s Blue Jeans platform in India. Market Cap is in crs. #MOMarketUpdates #Airtel #MotilalOswal #Nifty50 #NSE #BSE #IndianStockMarket #Investing

1) CEO Sundar Pichai announced a $10b Google for India Digitization Fund to help accelerate India's digital economy, according to a company announcement. Google will invest in India over the next 5 to 7 years. 2) Yes Bank the FPO as the floor price has been set at ₹12, almost 50% lower than the market price. The stock has fallen nearly 17% from its Thursday closing. Yes Bank aims to raise fresh capital of ₹15,000 crores through the further purchase offer (FPO). Out of this, ₹200 crores worth of equity shares will be reserved for its employees. A minimum bid of 1,000 equity shares will be allowed and in multiples of 1,000 equity shares after that. 3) Reliance Industries on Monday became the first Indian company to reach a market capitalisation of above Rs12 trillion as its shares doubled since mid-March. The company will also hold its annual general meeting (AGM) this week (15th July). 4) Biocon announced that its "breakthrough drug," Itolizumab received Drugs Controller General of India's approval for its use in moderate to severe Covid-19 patients. 5) Morgan Stanley has reached a deal to lease up to 1.1 million square feet of office space for 9.5 years from Oberoi Realty. The campus will be located in Goregaon, at the company's Commerz III building and will be ready in 2023. #MOMarketUpdates #Google #YesBank #Reliance #Biocon #MorganStanley #indianstockmarket #equity #stocks #NSE #Nifty50 #BSE #MotilalOswal

The Top 5 Nifty50 stocks basis last 1 year returns. Which of these stocks you have in your portfolio Share your answer in the comment section.... #MOMarketUpdates #MotilalOswal #Airtel #Drreddys #Britannia #Nestle #Reliance #nifty50 #NSE #BSE #indianstockmarkets #portfolio #investing

The top 5 Nifty50 stocks which gave the highest return in this week. Will any of these stocks will remain in top 5 next week or other company will replace it? Share your answer in the comment section. #MOMarketUpdates #MotilalOswal #PHYGITAL #ITC #GAIL #L #Eicher #royalenfield #nifty50 #niftyfifty #NSE #BSE #indianstockmarkets #equity #stock #returns #trading

Bandhan Bank stock price increased by 13% as the Bank’s collection efficiency has improved with the easing of lockdown restrictions.· Patanjali launches first Ayurveda medicine ‘CORONIL’ to cure Covid-19. On the launch event of the medicine, Ramdev Baba said-“We conducted a clinical case study and controlled clinical trial, and found 69% of patients recovered in three days and 100% of patients recovered in seven days.”. . . . . #MOMarketUpdates #Nifty50 #stocknews #BSE #NSE #marketnews #indianstockmarkets #covid #medicine #ramdevababa #patanjali #motilaloswal #bandhanbank #nseindia