Interest rate sensitive auto, banking and realty stocks will be watched ahead of the outcome of a three-day central bank policy meeting that ends later today. The resolution of the Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) will be placed on the RBI website at 11:45 IST. Purchases of automobiles, including that of cars, utility vehicles and commercial vehicles are substantially driven by financing. Purchases of both residential and commercial property are largely driven by finance.
GAIL (India) has offloaded the pipe laying contract from IL&FS due to poor project progress driven on account of acute financial crisis. The Bokaro -Durgapur section (124 kms) is now re-tendered and awarded to three different contractors to expedite construction efforts for hooking up supply network to the fertilizer, city gas distribution and other industrial consumers. The announcement was made after market hours yesterday, 6 February 2019.
Vodafone Idea reported net loss of Rs 5004.60 crore in Q3 December 2018 as compared to net loss of Rs 1284.50 crore in Q3 December 2017. Total income rose 81.24% to Rs 12022.60 crore in Q3 December 2018 over Q3 December 2017. The announcement was made after market hours yesterday, 6 February 2019.
Indraprastha Gas reported 19.33% rise in net profit to Rs 197.99 crore on 28.28% rise in total income to Rs 1548.74 crore in Q3 December 2018 over Q3 December 2017. The announcement was made after market hours yesterday, 6 February 2019.
Shares of Chalet Hotels will debut on the bourses today, 7 February 2019. The initial public offer (IPO) of Chalet Hotels received bids for 6.49 crore shares, as against 4.13 crore shares on offer, National Stock Exchange of India (NSE) website data showed. The issue was subscribed 1.57 times.
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