BLS International Services reported consolidated revenue for the quarter at Rs. 202.8 crore , registering 24.6 per cent yoy increase. On a quarter-on-quarter basis, BLS reported 8.7 per cent growth in revenue.

The global markets saw a steady sell-off in the past couple of weeks with Dow Jones falling more than 8 per cent. S&P 500 too slipped by more than 8 per cent. Nasdaq slipped by more than 7.93 per cent in the past coupe of weeks. These indices indicate the broad-based sell-off in the US markets.

The share price of Punjab National Bank (PNB) plummeted about 8 per cent in morning trade on Wednesday after the bank detected some fraudulent transactions of about Rs. 11,000 Crore in one of its Mumbai branch.

Centum Electronics posted its Q3FY18 results wherein overall numbers were subdued across the board. Total revenue for the quarter declined by 26 per cent yoy and 17 per cent qoq to Rs.74 crore as against Rs. 100 crore in the previous year's corresponding quarter and Rs. 90 crore in the previous quarter

 The company's standalone revenue for the quarter came in at Rs. 75.44 crore, registering 24.7 per cent yoy decline. This was primarily driven by sharp decline in revenue from manufacturing and sale of solar power systems by 28.4 per cent. Also decline in sales from solar power plant operation by 28 per cent contributed to the deterioration in revenue.

We said in our previous editorial that markets will not fall below 34,000 level on a closing basis. Markets have indeed respected those sacrosanct levels and, going ahead, I think Sensex may trade range-bound in the range of 34,000 on the lower side and 36,000 on the higher side till March 31 at least. The risk-off mode in global equity markets will continue to fuel volatility in the equity markets and the investor’s confidence once again will be tested to the core.

IRB Infrastructure Developers Limited (IRB), India's leading private roadway developer, has successfully achieved the financial closure of Rs. 1,020 crores for its Kishangarh to Gulabpura tollway project.

The inflation CPI cooled down in January after touching 17-month high in December to 5.21 per cent. The CPI for January came down to 5.07 per cent. The food inflation declined marginally to 4.7 per cent. 

An inverted yield curve means the difference between long-term bond yields and short-term bond yields are negative that shows lower confidence in the economy.

The company's consolidated revenue for the quarter came in at Rs 640.38 crore, registering an increase of 2.5 per cent YoY. This was primarily driven by 9.4 per cent YoY increase in revenue from float glass.

Overall volumes in futures & options currently stand at 51.76 lakh contracts with a turnover of Rs. 4,41,659.86 crore.

Overall volumes in futures & options currently stand at 51.76 lakh contracts with a turnover of Rs. 4,41,659.86 crore.

The Nifty has managed to defend its 100-day EMA placed at 10,405. Going ahead, the zone of 10,600-10,640 would be seen as an immediate resistance level, whereas a move below 10,480 level would reinforce the selling pressure, taking Nifty towards 10,440-10,400 levels.  Top stocks for the day: Rolta, PVR, NBCC, Vascon Engineers, Apollo Tyres, Fortis Healthcare,   Mangalam Cement, Bank of Baroda, JSW Steel, Indoco Remedies, IOL Chemicals and Pharmaceuticals, Idea Cellular and CG Power.

The key benchmark indices are likely to open on optimistic note, following overnight gains on Wall Street. The SGX Nifty indicates that the Nifty could open up by 84 points at 10,550 at the opening bell.  

TPL Plastics reported stable quarterly performance over the previous year. The total revenue for the quarter was strong with stable EBITDA margins

The company's EBITDA for the quarter fell by 2.4 per cent YoY to Rs. 6.889 crore, with a corresponding margin contraction of 179 bps. Its EBITDA margin for the quarter stood at 8.5 per cent. This margin contraction was due to jump in cost of materials by 21 per cent YoY.

The company's standalone revenue for the quarter came in at Rs. 722.72 crore, registering an increase of 9.1 per cent YoY. This was primarily driven by rise in revenue from PVC pipes and fittings segment by 19.7 per cent YoY.

Moreover, the company believes that its debt would reduce by Rs. 25,000 crore through prepayment and transfer of DOT spectrum instalments.

In 2017 small and mid-cap funds have given stellar returns. Out of the top 10 wealth creator funds of 2017, four funds are from the small and mid-cap category which pocketed almost 55 to 60 per cent returns to its investors. But in the last one month these small cap and mid cap funds seemed to be the funds with the worst returns.

UFO Moviez India standalone revenue for the quarter came in at Rs. 139.05 crore, registering a decline of 7.4 per cent YoY. The company's advertisement revenue grew by 15.8 per cent to Rs. 49.4 crore. 

The stocks that are likely to witness significant movement on the bourses on February 14 are NTPC Limited, Precision Camshafts, Sandu Pharmaceuticals, Emami Infrastructure, Jaypee Infratech, Kiri Industries, Chambal Fertilizers and Canara Bank.

NTPC on Tuesday announced that it has won a tender for supplying 300 megawatts electricity to Bangladesh for 15 years.

The PAT for the quarter came in at Rs. 21.6 crore, yoy increase of 15.5 per cent. This was due to surge in other income to Rs. 2.2 crore as against Rs. 1 crore in corresponding quarter.

Nesco Limited reported its Q3FY18 results on Tuesday. The quarterly numbers were largely subdued across the board.

The PAT for the quarter came in at Rs. 164.69 crore, yoy increase of 51.6 per cent. This was due to tax credit in the quarter as against effective tax rate of 5.3 per cent corresponding quarter of last year.

BSE Limited's mutual fund platform BSE StAR MF processed a record 3.6 lakh transactions on a single day on Monday, February 12, 2018 with transactions of Rs. 750 crore.

The National Pharmaceuticals Pricing Authority (NPPA), India’s drug pricing regulator, on Monday, revised the prices of coronary stents.

 The PAT for the quarter came in at Rs. 66.1 crore, yoy increase of 27.1 per cent. This was partly led by 18 per cent yoy decline in interest expenses.

Precision Camshafts has won fresh contracts from major OEMs. The top order is from Ford for 1.5 million fully machined camshafts. The supply will start from January 2019.

Aeris Agro posted mix performance for Q3FY18. The revenue for the quarter rose but margins over the quarter declined substantially.

Subscribers can ask their queries regarding stocks they hold and get our expert guidance.

Britannia’s consolidated revenue for the quarter came in at Rs. 2,567.48 crore, registering 9 per cent yoy increase.

Technical Analysis of 1 Stock (with 15 days horizon)

Reviews on 2 stocks recommended in past.

The Index of Industrial Production (IIP) grew at 7.1 per cent in December 2017 compared to 2.4 per cent in December 2016, which was affected by demonetization drive. The growth in industrial output was supported by rise in manufacturing and capital goods production. 

MIRC Electronics reported subdued quarter for Q3FY18 due to declining revenues. The margins over the quarter also weakened further due to high raw material costs.

EBITDA for the quarter rose by 35.6 per cent yoy to Rs. 28.51 crore with a corresponding margin contraction of 110 bps. EBITDA margin for the quarter stood at 10.5 per cent. This margin contraction was led by jump in power and fuel expenses and cost of materials by 46.3 per cent yoy and 13.7 per cent yoy, respectively.

In the near future, Indian paper manufacturers are expected to feel the blow of the hiked imported pulp prices. Of-late, imported pulp prices have peaked to 7 year highs and are expected to remain higher for some period. 

You need to tactfully keep on booking profit and rebalance your portfolio to minimise LTCG burden.

While some of the institutes are really striving to become world class in all respects, there are a good number of institutes that are running on expired courses and inefficient methods. In this era of intense competition and numerous choices, it is essential to be informed and aware of the relevant institutes and courses on offer.

IT company Vakrangee hit its upper circuit on the bourses on Monday for the second consecutive trade session as the company announced its capital allocation policy, also announcing that it is a debt free company. 

Bank Nifty index surged nearly 0.9 per cent, outpacing the benchmark indices, though marginally. The level of 25370 followed by 25150-25025 will act as major supports for the index.

Generics pharma giant Lupin announced the launch of Oseltamivir Phosphate Capsules in the US market. The drugmaker had earlier received USFDA approval for the same.

J Kumar Infraprojects' standalone revenue for the quarter came in at Rs. 457.16 crore, registering 23.9 per cent yoy increase.

The PAT for the quarter came in at Rs. 14.89 crore, yoy increase of 160.8 per cent. This was due to sharp jump in other income from Rs. 0.79 crore to Rs. 2.7 crore. Also, decline in interest expenses by 35 per cent yoy aided to bottomline growth.

Fundamental Analysis of 2 Stocks (with 180 days horizon).

The PAT for the quarter came in at Rs. 74.92 crore, yoy increase of 10 per cent. This was due to decline in effective tax rate from 5 to 3 per cent in Q3FY18.

The PAT for the quarter came in at Rs. 20.93 crore, yoy decline of 53.6 per cent. This was due to sharp decline in other income to Rs. 0.22 crore as against Rs. 5.03 crore in corresponding quarter of last year. 

We had talked of some correction that was essential for the Indian stock markets for a better move on the upside. Indian benchmark indices nosedived immediately after the announcement of the Union budget, which had left the investors disappointed.

Irrespective of what asset classes you favour more, your behavioural tendencies will always play a great role in your success or failure as an investor. It's strange but true that the behavioural traps do impact your investment decision and wealth creations. Here are some behavioural traps/biases which should be avoided by mutual fund investors in the upcoming year.

During the quarter, the company witnessed turnaround in net profit to Rs. 35.83 crore as against Rs. 0.37 crore net loss in the corresponding quarter of last year.

IndoStar Capital Finance, a non-banking finance company, has filed draft papers with Securities and Exchange Board of India to raise about Rs. 2,000 crore through an initial public offer (IPO).

The net loss for the quarter came in at Rs. 3.89 crore as compared to net profit of Rs. 3.08 crore in corresponding quarter last year. This includes tax adjustment of Rs. 1.90 crore for the earlier year.

Following stocks are close to their 52-week low as at 1.00 p.m. on February 12.

The markets on February 12 opened up. BSE Sensex is trading at 34,234.48, up by 228.72 points and the Nifty is trading at 10,519.80, up by 64.85 points. 

The share price for Larsen Toubro surged by over 1.50 per cent on the bourses as the company’s wholly-owned subsidiary L&T Hydrocarbon Engineering bagged orders worth Rs. 2,200 crore on Monday.

Steel Strips Wheels (SSW) soared on the BSE by over 6.5 per cent on Monday as the company bagged another export order for supply of steel wheels for the European Caravan market.

The share price of Tata Global Beverages rose on the bourses on Monday on speculations surrounding the company’s acquisition of beverages company Hector Beverages and their brand Paper Boat.

Bank of Baroda, the public sector bank with 58.7 per cent government stake, surged more than 8 per cent influenced by the release of its Q3FY18 results at the end of last week. The bank succeeded in breaching its fifth consecutive day of consolidation with volume spurt.

CG Power Systems Indonesia, a wholly-owned subsidiary of CG Power & Industrial Solutions Limited, has won an order from Indonesian state utility PT PLN (Persero) for manufacturing and supply of 64 units of Power Transformers valued at IDR 744 billion (US$ 55 million).

Overall volumes in futures & options currently stand at 62.51 lakh contracts with a turnover of Rs. 5,28,108.82 crore.

ONGC Videsh, IOC and Bharat Petro Resources through a consortium acquire 10 per cent stake in Lower Zakum Concession, Abu Dhabi.

Overall volumes in futures & options currently stand at 62.51 lakh contracts with a turnover of Rs. 5,28,108.82 crore.

Going ahead, the zone of 10,380-10,400 is a crucial support level for the Nifty because, firstly, the 100-day EMA is placed in this region and, secondly, a trendline formed by joining lows of September 28, 2017 and December, 6, 2017 is placed around the 10,380-mark. Top stocks for the day: Oil India, Cadila Healthcare, Capacite Infraprojects, Ajanta Pharma, Tata Power, Bharati Defence and Infrastructure, Pidilite Industries, ONGC, NMDC, Dredging Corp, UCO Bank and Tata Motors.

Indian markets are likely to make a flat to positive start on the back of flat trading seen among Asian peers. The SGX Nifty suggests that the Nifty could open up by 26 points at 10,483 at opening bell.  

It is estimated that there are around 20-22 crore businesses and other entities in India that have dubious identities and are engaged in dubious transactions. The move to introduce PAN as a unique identity for these entities will bring them under the purview of the government authorities. 

The fact that the Indian banking system has been beset with the problem of a huge pile-up of corporate bad debts is a matter of grave concern. The gravity of the problem is evident from the fact that at the end of September 2017, the total GNPAs in the Indian banking system was a whopping Rs 8,36,782 crore.

To curb the bankers’ proclivity to delay the passage of benefits of RBI’s policy rate cuts to the customers, RBI has now asked the banks to link the base rate with the MCLR with effect from April 1, 2018. Read on to know more...

The intra-day crash of 1,600 points in the Dow Jones on February 5 and the more than 1,200 points opening gap in the Sensex on February 6 left the investors gasping for breath, literally. The prime accused seem to be high inflation and the rising yields on US T-bills. 

The imposition of 10 per cent tax on LTCG exceeding Rs 1 lakh made from the sale of stock and equity mutual fund units held for over one year implies that the benefit of holding the stocks and mutual fund units for a year or more will not be available from April 1, 2018, onwards. However, ULIPs are exempted from LTCG tax. Let's us check how they compare against ELSS...

Tracking error is a measure to analyse index funds. The basic premise of investing into index funds is to achieve the returns which are commensurate to that of the targeted benchmark Index. An Index Fund is a mutual fund scheme that invests in the stocks which constitute benchmark index by replicating the weightage given to the securities on the benchmark.

The three exchanges, NSE, BSE, MSEI in consultation with the Finance Ministry and SEBI decided to terminate the data sharing licenses given to foreign exchanges. This data is used to enabled foreign exchanges settle trade at their end. Read on to how more...

The company's EBITDA for the quarter jumped to Rs 4.7 crore with a corresponding margin expansion of 937 bps. Its EBITDA margin for the quarter stood at 10.9 per cent.

The PAT for the quarter came in at Rs 105.06 crore, an increase of 128.3 per cent YoY. This PAT growth was attributed to sharp jump in other income to Rs 16.17 crore, as against Rs 4.74 crore in the corresponding quarter of last year. 

The operating loss for the quarter came in at Rs 4.47 crore, as against operating loss of Rs 1.35 crore in the corresponding quarter previous year. This increase in operating loss was on account of sharp jump in other expenses by 87.9 per cent YoY.

RCF reported mixed performance for the quarter over the previous year. The topline for the quarter and year grew strongly, but margins remained muted

Himatsingka Seide consolidated revenue for the quarter came in at Rs. 595.61 crore, registering 8.8 per cent yoy increase. 

The PAT for the quarter came in at Rs. 43.44 crore, yoy increase of 6.3 per cent.

India Cements posted poor results for the quarter with subdued top-line and bottom-line. The margins for the quarter also declined by a per cent.

Suditi Industries posted mixed numbers on Q3FY18 as the company showed growth over the previous year corresponding quarter and declined over previous quarter.

The company's standalone revenue for the quarter came in at Rs 163.23 crore, registering a decline of 21.4 per cent YoY. This was primarily due to the decline in sales of the sugar segment by 24.2 per cent YoY.

This week saw the second consecutive week of downbeat for the IT stocks, where Nifty IT tumbled nearly 9 per cent from its all-time high. The prices fell up to 38.2 per cent retracement of the prior upward rally.

Aster DM Healthcare is coming out with an IPO which will remain open from February 12-15, 2018. The issue consists of fresh issue of Rs 725 crore and offer for sale (OFS) of 1,34,28,251 equity shares, thereby aggregating the issue size to Rs 980 crore.

Investing in a basket of stocks or other securities which forms part of a benchmark index and in the same proportion as the benchmark is called index investing. And an index fund is a type of mutual fund, which constructs a portfolio to reflect/match or track the market indices

The company's standalone revenue for the quarter came in at Rs. 304.74 crore, registering 10.2 per cent yoy increase. This was on account of jump in sales from domestic formulations by 13.75 per cent, contrast media by 11.23 per cent, rest of the world exports by 7.16 per cent and Russia exports by 5.22 per cent.

Salzer Electronics reported standalone revenue for the quarter at Rs. 110.69 crore, registering 10.5 per cent yoy increase.

Indian sugar stocks were buzzing from the start of the week after the Union Government doubled import tax on sugar. The import duty on sugar was hiked to 100 per centon February 6. The stocks have duly broken their 5-10 days consolidation.

The PAT for the quarter came in at Rs. 27.8 crore, yoy increase of 11.2 per cent. This was due to lower depreciation and finance cost.

Standalone revenue for the quarter at Rs. 521.32 crore, registering 18.3 per cent yoy increase. Also, revenues of Westside format for the nine months ended 31st December 2017 was higher by 22 per cent (like to like 10 per cent) as compared to the corresponding previous period.

In response to the government's call for all electric vehicle by 2030, the auto industry is displaying stunning electric as well as hybrid concept car at Auto Expo 2018. But in the same breath automakers are asking for incentives, tax sop to provide affordability to consumers along with eco-friendly technology.

Bengaluru-based Focus Suites Solutions & Services listed on BSE SME Platform on Friday as the first company with all-women directors on board. At 12:39 hours the stock was trading at Rs. 21.60 per share, up 20 per cent. 

Following stocks are close to their 52-week low as at 12.35 p.m. on February 9.

The markets on February 9 opened down. BSE Sensex is trading at 33,968.81, down by 444.35 points and the Nifty is trading at 10,429.00, down by 147.85 points.

If you are a firm believer in investing in index funds or ETFs but are not satisfied with their risk-return profile, smart beta ETFs can give you the required option.

ICICI Securities, 100 per cent subsidiary of ICICI Bank, has received SEBI's approval to raise an estimated amount of Rs. 3,000-Rs 4,000 crore through an initial public offering (IPO).

Overall volumes in futures & options currently stand at 1.48 crore contracts with a turnover of Rs. 14,26,958.16 crore.

Overall volumes in futures & options currently stand at 1.48 crore contracts with a turnover of Rs. 14,26,958.16 crore.

The stock of Fortis Healthcare was trading higher by around 20 per cent in the early morning session on Friday. 

On the downside, the level of 10,270-10,300 is a strong support for the Nifty. Top stocks to watch out today: Canara Bank, Vijaya Bank, Axis Bank, Mcnally Bharat Engineering, Eros Media, VEDL, IGL and SQS India BFSI.

Indian shares are expected to open on a pessimistic note on the back of sell-off in the global markets. The SGX Nifty suggests that the Nifty could open lower by 217 points at 10,344 at the opening bell.