The share price of Larsen & Toubro surged by over 2 per cent on the bourses in Monday’s intraday trade as the company’s construction arm L&T Construction bagged another order worth Rs. 5,704 crore. 

The PAT for the quarter came in at Rs. 9.32 crore, yoy increase of 28 per cent. This was due to sharp decline in interest expenses and depreciation by 84 per cent and 74 per cent respectively.

This was in response to a objection filed by India's largest FMCG player Hindustan Unilever Limited against Kwality Limited stating that it has sole right for the Kwality brand.

Divis Laboratories posted stable quarterly results for Q4FY18 with steady revenue growth and marginal bottom-line increase.

Avanti Feeds reported subdued results for the quarter. The revenue saw strong gain over the previous year, however the operating profits and bottom-line were weak for the quarter

The PAT for the quarter came in at Rs. 10.27 crore, yoy increase of 174.6 per cent. This was due to jump in other income to Rs. 3.64 crore in Q4FY18 vs Rs. 1.50 crore in Q4FY17.

Looking at the full year numbers, we see that revenue jumped by 5 per cent to reach Rs. 1,557.16 crore while EBITDA rose by 21 per cent to Rs. 200.03 crore.

Overall volumes in futures & options currently stand at 83.59 crore contracts with a turnover of Rs. 7,04,102.93 crore.

Overall volumes in futures & options currently stand at 83.59 crore contracts with a turnover of Rs. 7,04,102.93 crore.

Going ahead, we expect Nifty to advance to the level of 10,665-10,674 and it may face resistance around this level as it is a confluence of 21-day SMA and 50 per cent retracement level of the recent downmove. Stocks in news: Welspun Enterprises, ITDC, Torrent Pharma, UBL, Dr Reddy’s Laboratories, Himatsingka Seide, Dilip Buildcon, MEP Infrastructure Developers, IDBI Bank, Punj Lloyd and Cadila Healthcare.