Sunita Gupta

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

Private Labs like Metropolis, Dr Lal Path Labs and Thyrocare gained 1-3% after the Maharashtra Government said that the people can test themselves for coronavirus infection at designated private laboratories in Mumbai without a doctor’s prescription. Earlier, a doctor’s prescription was needed for a test. #MOMarketUpdates #motilaloswal #metropolis #thyrocare #pathlabs #drlalpathlabs #covid #mumbai #stockmarket #nifty #sensex

Bajaj Finance assets under moratorium has reduced to 15.5% as of June 30 from 27% in April 30. The sharp reduction in moratorium is very positive. #MOMarketUpdates #MotilalOswal #bajajfinance #stockmarket #nifty #sensex

- 5 Financial Hurdles of Youngsters and Ways to Overcome Them. Click on the bio link to read more. ...

Glenmark Pharmaceuticals shares surged 27% in today’s trade. The company has launched antiviral drug Favipiravir, under the brand name FabiFlu, for the treatment of patients with mild to moderate Covid-19 infection at a price of about Rs 103 per tablet....

Investing gives you the best return in the long run. No opportunity is missed as long as you stay invested in quality stocks. Reliance Industries becomes the first listed company to cross 11 lakh crore in market capitalisation. The stock prices have doubled from March 23rd as the company becomes a net debt-free.

These eight things are important to read in quarterly results which can help you to select the right stock to invest. Click on the bio link to read the article. ...

HDFC is looking to collect around Rs 12,000 crore. The QIP component is to be around Rs 7,000 crore and the convertible component around Rs 5,000 crore. This exercise will help to strengthen its balance sheet and boost capital. .......

Industrial metals climbed after the Federal Reserve’s plan to purchase corporate bonds boosted investor sentiment and as the Trump administration prepares a nearly $1trillion infrastructure proposal to spur growth. ........