The share price of Godrej Industries Ltd. slipped approx. 6 per cent on the bourses in the morning session on Thursday despite delivering a positive quarterly result.

The PAT for the quarter came in at Rs. 15.67 crore, yoy increase of 51.4 per cent. This was led by jump in other income from Rs. 1.69 crore to Rs. 5.52 crore in Q4FY18.

Leading automaker Tata Motors extended losses after reporting 50 per cent decline in profits on a YoY basis. The company reported consolidated net profit at Rs. 2,175 crore for Q4FY18 as compared to Rs. 4,336 crore in Q4FY17.

These are the stocks where short build up position is seen:

These are the stocks where long build up position is seen:

For the coming session, the level of 10,380 will act as an immediate support, followed by 10,330, which is the 200-SMA. On the upside, the level of 10,480, followed by 10,550, would now be seen as strong hurdles for the index. Stocks in news: Indiabulls Housing Finance, NLC India, Sunteck Realty, Tata Power, Shalimar Paints and MEP Infrastructure.

Indian markets are likely to make flat to positive start. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty may open with gain of 34 points at 10,455.  

The revenue from Jaguar and Land Rover in the quarter rose almost 13 per cent and sales from Tata brand rose 27 per cent YoY. 

The provisions for the quarter jumped by 23.5 per cent YoY, while these declined by 26.2 per cent QoQ to Rs 14.3 crore in Q4FY18 as against Rs 11.6 crore in Q4FY17 and Rs 19 crore in Q3FY18.

Gravita India soared on the bourses on Wednesday after the company announced signing a contract with Amara Raja Batteries for collection and recycling arrangements of scrap lead acid batteries.