The company reported a three-fold jump in its profit to Rs 41.39 crore from Rs 13.99 crore a year ago. Revenue from operations rose 8 per cent to Rs 864.42 crore compared with Rs 800.07 crore clocked during the year-ago period.

Motilal Oswal expects RIL to post a decline of 34.4 per cent in the September quarter net profit, while net sales may drop 23.8 per cent from a year ago.

A total of 219,409,694 shares changed hands on the counter till 12:05PM (IST).

Domestic benchmark index NSE Nifty was trading 71.95 points down at 11598.85, while the BSE Sensex was trading 296.38 points down at 39453.47.

Pidilite was a laggard among many of the erstwhile high flying FMCG/consumer stocks. It has made some sort of comeback, says Sandip Sabharwal.

Overall, 21 shares were trading in green in Nifty50 index, while 29 were trading in red in the afternoon trade.

Historically high operating cash flows have led to a net debt reduction of over Rs 210 crore and net debt or EBITDA (Earnings before interest, taxes, depreciation, and amortization) declined to less than 1, which has been reaffirmed by our credit rating upgrade from A+ to AA-, SIS Group managing Director Rituraj Kishore Sinha said.

The latest earnings report of the private bank showed it is finally coming back on track under a new leadership. Last week, it posted a net profit of Rs 129.37 crore for September quarter compared with a Rs 600.08 crore loss posed for the same period last year.

Shares of Canara Bank traded 0.58 per cent up in trade at 11:30AM on Friday.

Broader market indices outperformed their headline peers in morning trade as Nifty Smallcap rose 0.83 per cent while Nifty Midcap added 0.85 per cent. Broadest index on NSE, Nifty 500 was up 0.50 per cent.

A handover is happening from safety to risk, from FMCG to consumer durables and discretionaries, says Sunil Suramanian.

A quick look at the stocks where FII shareholdings dropped during the quarter shows three of top five names belong to the NBFC space. They included Indiabulls Housing Finance, VA Tech Wabag, Repco Home Finance and Equitas Holdings.

The sugar sector is highly regulated in India and remains a politically sensitive volatile sector. It is not for retail investors, says Siddhartha Khemka.

Alphabet shares rose 7% after ending regular trading at $1,556.88, up 13% on the year.

Total revenue, which primarily consists of ad sales, rose to $21.47 billion from $17.65 billion in the third quarter ended Sept. 30.

Profits of 70 cents per share were anticipated by the thirty analysts providing estimates for the quarter. Wall Street expected results to range from 55 cents to 86 cents per share, with a forecasted mean of 70 cents per share.

Blue Star Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 6069.22 Crore) operating in Consumer Durables sector.

PNB Housing Finance Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 5803.29 Crore) operating in NBFC sector.

Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 2150.95 Crore) operating in Tourism & Hospitality sector.

JM Financial Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 7536.85 Crore) operating in Financial Services sector.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 131207.06 Crore) operating in Construction sector.

Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 57807.51 Crore) operating in Auto sector.

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 45395.33 Crore) operating in Consumer Durables sector.

PI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 32742.03 Crore) operating in Pesticides/Agro Chemicals sector.

Au Small Finance Bank Ltd., incorporated in the year 1996, is a banking company (having a market cap of Rs 24089.08 Crore).

Multi Commodity Exchange of India Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 8706.44 Crore) operating in Financial Services sector.

Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 91861.68 Crore) operating in FMCG sector.

When mutual funds enter to buy, recovery will be more broad-based, says Sunil Subramaniam

Too many people are excessively bullish about the long term growth prospects of IT and pharma and those growth prospects are not really so bullish, says Sandip Sabharwal.

Nifty futures on the Singapore Exchange traded 16.5 points, or 0.14 per cent, lower at 11,648.50, in signs that Dalal Street was headed for a negative start on Friday.

U.S. gold futures were down 0.1% at $1,866.20.

Tech companies have seen demand surge for their products and services from people stuck at home during the pandemic. Better-than-expected earnings from Pinterest Inc, which forecast a rebound in ad spending, helped spur the rally. Shares of the image-sharing company soared more than 26.9%.

Tata Chemicals reported a 64 per cent fall in consolidated net profit at Rs 132.09 crore for the quarter ended September.

If the market continues to be at elevated levels, more redemptions from EPFO are likely. That is not good news for the bluechips.

Since 2013, Apple has delivered new iPhones each September like clockwork. But pandemic-induced delays pushed the announcement back a month, with some devices still yet to ship.

Last year in May, the regulator had issued a show cause notice to Mukherjea alleging he procured price- sensitive information from the senior management of Mannapuram Finance (MFL) and communicated it through a research report before the information was made public.

Coca-Cola India's revenue from operations rose 2,741.54 crore in 2019-20, up 18.63 per cent during 2019-20 as compared with Rs 2,310.92 crore a year ago.

Total income decreased to Rs 2,677.9 crore in the second quarter of this fiscal from Rs 2,861.35 crore in the corresponding period of the previous year, it said in a regulatory filing.

Total income rose 4.68 per cent to Rs 4,351.26 crore during the quarter under review from Rs 4,156.92 crore in the same period a year ago, STFC said in a regulatory filing.

The Anglo-Dutch company hit record earnings from its vast retail division, despite the impact on demand of the COVID-19 pandemic, which it said continued to generate significant uncertainty.

The United States second-largest vehicle maker should now be in the black this year, an improvement on its own earlier forecasts.

Kuwait Investment Authoritys fund F238 bought 4.30 lakh shares of recently listed Angel Broking at Rs 321.73 per share.

Brokerage Prabhudas Lilladher believes that IOC may post 247 per cent growth in profit after tax despite 24.10 per cent fall in sales.

Ajit Mishra of Religare Broking said, the traders should remain cautious as there is high uncertainty in global markets due to the recent surge in Covid cases.

The company, hit at the outset of the COVID-19 pandemic by a drop in commuting when many users tune into its services, said on Thursday all regions had now fully recovered.

The company's revenue rose 3.3 per cent to Rs 2,157.9 crore as compared to Rs 2,089 crore in the same quarter a year ago, it said.

NIM grew 23 per cent to Rs 1,255 crore in July-September 2020, compared with Rs 1,020 crore in the year-ago quarter.

It has been decided to conduct another purchase auction of SDLs under Open Market Operations (OMOs) for an aggregate amount of 10,000 crores on November 05, 2020, the central bank said in a release Thursday.

Analysts will also wait and watch companys take on the legal tussle between Amazon Inc and Future Group, which has put the RIL-Future Group on hold.

The company reported a profit of Rs 196 crore against expectations of Rs 183 crore for the September quarter. This was a decline of 23% over the same period last year when the company had booked an exceptional gain of Rs 76 crore.