Shrenik Kumar

Cement manufacturer hiked the price by Rs30-50 a bag at Andhra Pradesh and Telangana. The market expects that the cement demand will improve on post-monsoon and to increase government expenditure in the infrastructure sectors. Increased cement price and hope of rising demand will be positive for Cement stocks. #MOMarketUpdates #MotilalOswal #Cementstocks #indianstockmarkets #JKCement #Nifty #sensex

Positive results from tech giants resulting in rise of tech companies. TCS reported Dollar revenue growth 7.1% to $5,420 million while expectation $5287mn. Company reported EBIT margin at 26.2% from 23.6% (QoQ) while expectation 24.8. Market hope of other tech players will be announced good quarterly results. Wipro will announceQ2 results on 13th October and Infosys on 14th October (ADR up 5%). #MOMarketUpdates #MotilalOswal #ITstocks #Indianstockmarkets #Coforge #L

1) Apollo pipes had a bull run today. The company’s overall sales up 19% to 12,268 MT. Growth was driven by contribution from across product categories, including value-added product segment of fittings. The company anticipates further improvement in sales performance over the next few quarters on the back of a better demand environment combined with an uptick in utilisation levels. 2) Chinese steelmaker, Jingye has expressed an interest in taking over Tata Steel's UK operations, said a leading UK-based televison channel Sky News. “Banking sources said this weekend that Jingye’s interest was at a tentative stage, and insisted that there was not a formal sale process for Tata Steel UK’s operations,” #MOMarketUpdates #MotilalOswal #Indianstockmarkets #Nifty #sensex #tatasteel

The gains today were again led by Divis Labs, Dr. Reddy's, which ended at an all-time high with gains of 5% due to strong quarterly results. #MOMarketUpdates #Nifty #NiftyPharma #BSE #NSE #IndianStockMarkets #MotilalOswal

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

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