: Latest #StockMarketNEWS by #MunafaSutra Daily Updates Mixed trend seen on the sectoral front with auto, energy, infra and it indices ended lower, while buying witnessed in the pharma, metal and fmcg sectors. IT stocks under pressure

@StockMarketNEWS Wed 29 Jul, 2020

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Mixed trend seen on the sectoral front with auto, energy, infra and it indices ended lower, while buying witnessed in the pharma, metal and fmcg sectors.
IT stocks under pressure; HCL Tech down 2percent; Infosys, TCS, Tech Mahindra slip
Among the sectors, the it index was down a percent dragged by hcl technologies which shed 2 percent followed by infosys, tata consultancy services and tech mahindra.

Dr Reddy#39;s share price hits 52-week high on Q1 numbers
Revenue from operations during the june quarter stood at rs 4,418 crore, up 15 percent yoy.



Jet Airways share price locked in lower circuit on disappointing FY19 results
There were pending sell orders of 90,255 shares, with no buyers available.

IDBI Bank share price hits upper circuit on Q1 profit of Rs 144 crore
The private sector bank posted a net loss of rs 3,800.84 crore for april-june 2019-20. in the preceding march quarter, the bank logged a profit of rs 135.39
crore.


UltraTech Cement shares gain after CLSA upgrades stock to buy; Citi, Credit Suisse retains outperform rating
Clsa has upgraded the stock to buy from outperform with target of rs 5000 per share. citi has maintained a buy on the stock with target of rs 5000 per
share while credit suisse has also maintained its outperform call on the stock with target of rs 4,800 pe

Tata Coffee share price up 12% on impressive Q1 numbers
The consolidated income of the company for the june quarter was at rs 592 crore compared to rs 472 crore in the year-ago period.

RBL Bank shares volatile after Q1 earnings; Motial Oswal, Kotak say buy
Rbl bank#39;s management has guided muted business trends over the next two quarters with a higher focus remaining on garnering deposits and improving
collections.



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