Equity benchmarks maintained early gains with the Sensex
rising 188.91 points to 28310.80 and the Nifty climbing 50.75 points to
8564.55.
The broader markets outperformed benchmarks with the BSE
Midcap and Smallcap indices rising 1 percent each. Nearly three shares advanced
for every share declining on the Bombay Stock Exchange.
Wipro surged 7 percent as the company reported
stronger-than-expected results with a constant currency growth of 3.7 percent
which is the highest in the last 12 quarters and better than peers. JP Morgan
says attractive valuations (14.6x FY16 & 12.9x FY17 EPS) could still give
more than 15 percent potential stock return over CY15.
HCL Technologies gained 2.5 percent ahead of board meet on
January 28-30 to consider bonus issue. GAIL India surged 3 percent after the
management that the company won't have to pay subsidies in the second half of
current financial year 2014-15.
However, HUL declined 1.5 percent, retreating from its
life-time highs ahead of its earnings today. A poll expects around 10 percent
revenue growth of Rs 7,963 crore, operating margins of 17.8 percent and 5-6
percent volume growth YoY in Q3. More information please visit this site www.bigprofitbuzz.com
No comments:
Post a Comment