5 Minutes Read

Venky’s expects 100% growth in QSR business in FY22

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Venky’s expanding the quick service restaurant (QSR) model, Prasanna Pedgaonkar, General Manager of poultry, told CNBC-TV18.

Venky’s is expanding its quick service restaurant (QSR) model, Prasanna Pedgaonkar, General Manager of poultry, told CNBC-TV18.

“We are having expansion plans in Venky’s Chicken Xperience; the quick service restaurant (QSR) outlet which was there and because of COVID the expansion was at a halt,” Pedgaonkar said.

According to him, the franchise model of Venky’s QSR is expected to grow at 100 percent. “The franchise model of Venky’s QSR is expected to jump and we are targeting 100 percent growth by March 2022,” said Pedgaonkar.

Also Read: This startup wants you to eat ‘vegetarian chicken’ nuggets; here’s why

On growth, he said, “We have diversified our portfolio in such a way that every segment has the potential to become an independent company, whether it’s oilseeds, veterinary pharmaceuticals, or poultry.”

For the entire management interview, watch the video

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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 5 Minutes Read

Here are key stocks that moved the most on May 12

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The Sensex ended 471 points lower at 48,691 while the Nifty fell 154 points to settle at 14,696.

Indian indices ended lower for the second session on Wednesday dragged by metals and financials. Meanwhile, losses in Asian peers and domestic COVID-19 deaths crossing a quarter-million mark also weighed on the sentiment.

The Sensex ended 471 points lower at 48,691 while the Nifty fell 154 points to settle at 14,696.

Broader markets were also lower for the day with the midcap and smallcap indices down 0.8 percent and 0.5 percent, respectively.

On the Nifty50 index, Tata Motors, Titan, Maruti, Powergrid and Cipla were the top gainers while Tata Steel, JSW Steel, IndusInd Bank, BPCL and Hindalco led the losses.

Here are the key stocks that moved today:

Godrej Consumer Products: Godrej Consumer Products (GCPL) shares surged over 21 percent after the consumer major reported a sharp 59 percent jump in March quarter net profit. The FMCG major posted a consolidated net profit of Rs 365.84 crore for the fourth quarter of fiscal 2021, registering a 59.13 percent growth over Rs 229.90 crore in the year-ago quarter. The company’s consolidated revenue from operation during Q4FY21 rose 26.8 percent to Rs 2,730.74 crore from Rs 2,153.80 crore in the year-ago period.

Siemens: Siemens share price added 3 percent after the company posted a 90 percent rise in its net profit for the March quarter. The consolidated net profit of the company stood at Rs 334.4 crore in the quarter under review as against Rs 175.7 crore in the year-ago quarter on the back of higher revenue. Total income rose to Rs 3,540 crore in the March quarter from Rs 2,722.1 crore in the same period a year ago. Meanwhile, the revenue from continuing operations came in at Rs 3,298 crore, up 29.6 percent YoY. The company follows the October to September financial year.

Venkys: Shares of Venky’s (India) were locked in a 20 percent upper circuit of Rs 2,143.20 per share on the BSE after the company reported a standalone net profit of Rs 77.90 crore for the quarter ended March 2021 (Q4FY21). It had posted a net loss of Rs 96.73 crore in the year-ago quarter. On a sequential basis, the net profit was down 27 percent from Rs 106.50 crore as the company witnessed some negative impact due to the outbreak of bird flu. The company’s revenue from operations grew 42 percent to Rs 941.35 crore from Rs 660.86 crore in the corresponding quarter of the previous fiscal.

Dishman Carbogen Amcis: Shares of Dishman Carbogen Amcis fell 13.5 percent after the firm reported a loss of Rs 135.02 crore for the March quarter. The firm posted a profit of Rs 50.19 crore in the previous quarter year ago. Sales for the firm, however, rose 3.36 percent to Rs 529.32 crore in the quarter ended March 2021 as against Rs 512.11 crore during the previous quarter ended March 2020. For the full year, the firm reported a net loss of Rs 165.13 crore in FY21 versus a net profit of Rs 158.51 crore in FY20. Sales also declined 6.44 percent to Rs 1912.03 crore in the year under review as against Rs 2043.60 crore during the previous year ended March 2020.

Vodafone Idea: Vodafone Idea share price jumped 8.5 percent after the telco added subscribers in February for the first time since October 2019. Vodafone Idea added 6.5 lakh users and expanded its user base to 282.6 million in February, as per the latest data released by the Telecom Regulatory Authority of India (TRAI). Vodafone Idea’s market share in total wireless subscribers stood at 24.20 percent.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Bird flu fear: No instances in organised poultry yet, says Venkys

Avian influenza or bird flu outbreak has been reported at 12 epicentres in four states Kerala, Rajasthan, Madhya Pradesh and Himachal Pradesh, while Haryana is on high alert due to unusual mortality at poultry farms in Panchkula, as per a PTI report.

However, Venkys’ general manager, Dr Pransanna Pedgaonkar, while speaking to CNBC-TV18 said that there was no reason to panic as yet.

Venkys has seen a 13-14 percent correction in the last two days. So the street is definitely worried.

“Bird flu is not at all an uncommon phenomena be it USA or Africa and India is no exception to that. The migrating birds which are coming from one part of the country to other is also a usual phenomenon from years and when they come there is a chance that they are exposed to some kind of bacteria or virus and they might infect the birds which are pre-grazing or in open,” Pedgaonkar said.

On the business front, he said, “The demand has not gone down. There is not much impact as of now as far as organized poultry is concerned. Therefore, I would like to clear that we have not reported any kind of incidences in organized poultry.”

For more details, watch the video

 5 Minutes Read

Coronavirus takes toll on chicken sales, demand down 50%, prices by 70%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Chicken sales in India have come down over 50 percent and prices by 70 percent in the last one month as speculation swirled on social media that chicken causes coronavirus disease.

Chicken sales in India have come down over 50 percent and prices by 70 percent in the last one month as speculation swirled on social media that chicken causes coronavirus disease, denting both demand and prices, a top Godrej Agrovet official said on Thursday.

Godrej Agrovet managing director B S Yadav said its poultry arm Godrej Tyson Foods has also taken a beating as sales have dropped sharply by 40 percent in last one month from 6,00,000 birds a week.

However, once the rumours die down and consumption rises in the next 2-3 months, there would be a shortage of chicken in the country causing a sharp rise in prices, he noted.

Yadav also mentioned that the government has issued advisories that coronavirus does not spread from chicken and asked state governments to take action against rumour mongers.

“Chicken is safe in India but rumours on the spread of coronavirus from chicken has dented demand sharply in our country by over 50 per cent in just one month and ex-farm gate prices have also fallen by 70 percent,” Yadav told reporters.

Chicken sales have come down to 35 million birds a week from 75 birds a week across the country, while ex-farm gate prices have dropped over 70 percent to Rs 35 per kg from Rs 100 per kg in last one month although the cost of production is about Rs 75 per kg, he said.

“The entire poultry industry and farmers have been affected because of WhatsApp rumour about coronavirus spread from chicken. The surplus production has built up now which is being disposed at a lesser price,” Yadav said.

Godrej Tyson Foods sells both fresh and frozen chicken and value-added products in the brand name ‘Real Good Chicken’ and ‘Yummiez’. The company has two chicken units in the country. The company is the largest chicken producer in the country followed by Venky’s and Suguna Foods.

Yadav also said per capita consumption of chicken in India is at 4.5 kg, lower than the global average of 11 kg. The consumption is highest in Tamil Nadu at 13 kg, while least in states like Rajasthan and Madhya Pradesh.

Besides poultry, the stock exchange listed company Godrej Agrovet is into animal feed, crop protection, oil palm, dairy, and processed foods businesses.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Q3 earnings results: ACC, Britannia, Voltas, India Cements, Abbott India, Varun Beverages and more

CESC
Abbott India third-quarter results.
Abbott India third-quarter results.
ACC third-quarter results.
ACC third-quarter results.
Alkem Labs third-quarter results.
Alkem Labs third-quarter results.
Britannia India third-quarter results.
Britannia India third-quarter results.
Corporation Bank third-quarter results.
Corporation Bank third-quarter results.
Emami third-quarter results.
Emami third-quarter results.
India Cements third-quarter results.
India Cements third-quarter results.
INOX Leisure third-quarter results.
INOX Leisure third-quarter results.
KEC International third-quarter results.
KEC International third-quarter results.
NCC third-quarter results.
NCC third-quarter results.
PSP Projects third-quarter results.
PSP Projects third-quarter results.
Symphony third-quarter results.
Symphony third-quarter results.
Timken India third-quarter results.
Timken India third-quarter results.
TV Today third-quarter results.
TV Today third-quarter results.
UPL third-quarter results.
UPL third-quarter results.
Varun Beverages third-quarter results.
Varun Beverages third-quarter results.
Venkys third-quarter results.
Venkys third-quarter results.
Voltas third-quarter results.
Voltas third-quarter results.

Hits & Misses: Here are a few stocks reacting to earnings

Oracle Financial Services results

Starting with Nifty top gainer Britannia and not only the volume growth came in at the higher end of our expected poll but other than that it came in with better margins and that was the key positive, the stock up around 5 percent.

The other Nifty stock which is in focus on account of earnings is Coal India. There is also the realisations surprised positively. In fact, realizations were up around 4 percent on a year-on-year (YoY) basis and that is why the stock is up around in trade.

Hind Rectifiers also reported a strong set of numbers. The margins came in at 16 percent versus 9 percent last year.

For defence players like Hindustan Aeronautics Limited and Bharat Dynamics Limited, it was a strong quarter. For Hindustan Aeronautics, not only did we see revenue growth of around 33 percent, the profits jumped up over 200 percent boosted by lower taxes. Bharat Dynamics’ profit is up to Rs 106 crore versus Rs 28 crore last year and that has been boosted by better margins.

For NHPC as well the profit is up around 33 percent and Va Tech Wabag even if the management has gone ahead and cut their guidance as well as revenue this time was lower by 15 percent, the street is excited by the fact that the cash flow was positive for the company. In fact, in FY18 and 19 we have seen negative cash flow and this time the company has reported strong cash flow. Therefore, the stock is inching higher.

SJVN is also flying in trade and that is because the consolidated net profit is up around 45 percent.

Venky’s on the flipside is coming under a bit of pressure. The revenue growth was decent with 26 percent growth but the EBITDA is a loss and that is why the street is a bit nervous.

Adani Enterprises is also coming under pressure. The revenue is down about 8 percent there and so the stock is also seeing a tad bit of pressure.

 5 Minutes Read

This stock, which gave 5700% returns in 9 years, has fallen 60% in last 15 months. Here’s why

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Venky’s (India), which gave massive returns in 9 years until April 2018 (from 2009), has fallen 60 percent in the last 15 months — from April 2018 to June 2019. In 2019 alone, the stock has fallen over 22 percent as compared to a 10 percent gain in Sensex. The stock of the only listed …

Venky’s (India), which gave massive returns in 9 years until April 2018 (from 2009), has fallen 60 percent in the last 15 months — from April 2018 to June 2019. In 2019 alone, the stock has fallen over 22 percent as compared to a 10 percent gain in Sensex.

The stock of the only listed poultry firm in India surged from Rs 80 in June 2009, to its all-time high of Rs 4,711, in April 2018, a rise of over 5700 percent. However, it hit its 52-week low of Rs 1,455 by May 2019.

To put into perspective, an investment of Rs 1 lakh in the stock in 2009 would have grown to Rs 58 lakh till April 2018. But had an investment of Rs 1 lakh been made in the stock in April 2018, it would have fallen to Rs 31,000 by May 2019.

Major downward movement came in the stock after it was included in the additional surveillance framework list by Sebi on June 1, 2018, to check any abnormal rise in stock prices that is not commensurate with the financial health of companies. The stock was later removed from the list in August 2018. But, in two months, the stock had lost over 25 percent.

Soon after the company recovered from the ASM list, the company reported a decline in profit for three consecutive quarters, putting pressure on the stock again.

Its net profit for the September-quarter came in at an 80 percent year-on-year drop, which was the lowest in the past two years. The company’s Q2FY19 net profit was Rs 5.5 crore against Rs 27.1 crore in Q2FY18 due to lower realisations. For Q3, the profit declined 3 percent on a YoY basis to Rs 67.7 crore. Meanwhile, in Q4, the company again reported a 41.5 percent YoY fall in net profit due to higher raw material costs. It was the third straight quarterly decline in net profit for the company.

Kotak Securities downgraded the stock last year in April on higher valuations. Kotak Securities expected Venky’s EPS growth to slow to 11 percent CAGR through FY18-FY20. It added that an investment case on Venky’s must be built on either positive earnings surprise or a meaningful change in the perception of Venky’s.

Venky’s (India) Ltd, a part of the VH Group, is an integrated poultry group in Asia. The company has diversified its activities in the poultry sector that includes the production of SPF eggs chicken and eggs processing broiler and layer breeding animal health products Poultry feed & equipment soya bean extract among others.

Also, track all live market action on CNBC-TV18 Market Blog

Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Should Elon Musk be able to buy Twitter?

Ashwani Gujral on February 1: Buy Cholamandalam Finance, Bajaj Finance, LIC Housing Finance

Stock market

The latest analysis and commentary by stock market guru Ashwani Gujral on what is moving the markets today.

He also spoke at length on Venky’s, Avanti Feeds, Infosys, Jain Irrigation, UPL, Cholamandalam Finance, Bajaj Finance and LIC Housing Finance.

Speaking about his stock picks Ashwani Gujral said, “Cholamandalam Finance is a buy with a stop of Rs 1,200 target of Rs 1,255. Bajaj Finance is a buy with a stop of Rs 2,590 target of Rs 2,650. LIC Housing Finance is a buy with a stop of Rs 455 target of Rs 480.”

“Venky’s is a buy with a stop of Rs 2,450 target of Rs 2,600. Avanti Feeds is a buy with a stop of Rs 350 target of Rs 371. Infosys is a buy with a stop of Rs 245 target of Rs 262. Jain Irrigation is a buy with a stop of Rs 59 target of Rs 66. UPL is a buy with a stop of Rs 780 target of Rs 805.”

Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

 5 Minutes Read

Govt likely to ban antibiotic colistin in livestock to curb drug resistance, says report

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The government is likely to ban the use of colistin, an antibiotic used by poultry farmers to make animals grow faster, as continued use of such antibiotics in farming renders them useless when treating patients, Mint reported.

The government is likely to ban the use of colistin, an antibiotic used by poultry farmers to make animals grow faster, as continued use of such antibiotics in farming renders them useless when treating patients, Mint reported.

The usage of antibiotic colistin or similar drugs in livestocks has been linked to antibiotic resistance in human beings, the report said citing public health experts.

There have even been signs of emerging resistance to the antibiotic colistin which is used as a last resort to save people’s lives when all other drugs have failed.

The development comes after an investigation carried out by London-based Bureau of Investigative Journalism, earlier this year, found that chickens raised in India were dosed with some of the strongest antibiotics available.

It revealed the use of colistin by companies such as Venky’s, the biggest supplier of chicken products to fast-food outlets such as McDonald’s, Pizza Hut and KFC, reported Mint.

Various government agencies in India have examined the issue and recommended against the use of colistin, the report said. 

 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

Ashwani Gujral on October 16: Buy Federal Bank, Axis Bank, & State Bank of India

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The latest analysis and commentary by stock market guru Ashwani Gujral on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about Adani Enterprises, LIC Housing Finance, Venky’s, Welspun India, Amara Raja Batteries, Ashok Leyland, Jubilant Foodworks, Motherson Sumi, HDFC, Kotak Mahindra Bank, HDFC Bank, IDFC Bank, Mahindra and Mahindra, Dewan Housing Finance, Can Fin Homes, Federal Bank, Axis Bank, State Bank of India, and Sun TV.

Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.