Nifty futures and bank nifty future market closed at 10362/ 25667.according to technical analysis if nifty futures and bank nifty future moves up-word in upcoming treading sessions then 10400/ 25700 will be next resistance level, if it break this level then nifty futures and bank nifty future can touch 10530 / 26000 level . it will be hard resistance. meanwhile in reveres there is support on 10250/ 25200 for nifty futures and bank nifty future after breaking this support with volume there is big support for nifty futures and bank nifty future on 10000/24500NSE - WEEKLY NEWS LETTERS
? TOP NEWS OF THE WEEK
M & M LTD Q2FY18 STANDALONE NET PROFIT RISES 24.7% YOY TO RS.1,331 CRORE
1 Standalone Results Q2FY18: (Rs. in crore)
Q2FY18 YOY( %)
REVENUE 12182 6.40
EBITDA 1730 45.60
EBITDA MARGIN (%) 14.2 382
NET PROFIT 1331 24.70
Mahindra & Mahindra ltd's Q2FY18 standalone results for the quarter registered a beat on consensus estimates. Revenue for the quarter came in 0.3 % lower than the estimated figure of Rs. 12219 crore. EBITDA for the quarter came in 9.3 % higher than the estimated figure of Rs. 1582 crore. And lastly, net profit for the quarter came in 8.4 % higher than the estimated figure of Rs. 1228 crore. Mahindra & Mahindra ltd consolidated revenue for the quarter came in at Rs. 12182 crore, registering 6.4% yoy increase. This was largely aided by rise in revenue from farm equipment segment by 21% yoy to Rs.3958 crore in Q2FY18. EBITDA for the quarter rose by 45.6% yoy to Rs. 1729.8 crore with a corresponding margin expansion of 382 bps. EBITDA margin for the quarter stood at 14.2%. The PAT for the quarter came in at Rs. 1331 crore, yoy increase of 24.7%. This was due to lower interest expenses by 34% yoy. Moreover, board also recommends 1:1 bonus issue. In Q2FY18 company witnessed good traction in its auto-business. The PV, UV & trucks segment posted 13.4% ,27% & 86% yoy increase respectively. Further, tractors business also saw 37% yoy increase on account of normal monsoon
PFIZER Q2FY18 STANDALONE NET PROFIT RISES 27.3% YOY
2 Standalone Results Q2FY18: (Rs. in crore)
Q2FY18 YOY( %)
REVENUE 571.10 2.40
EBITDA 183.20 70.70
EBITDA MARGIN (%) 32.10 1283
NET PROFIT 111.10 27.30
Pfizer ltd standalone revenue for the quarter came in at Rs. 571.1 crore, registering 2.4% yoy increase. EBITDA for the quarter rose by 70.7% yoy to Rs. 183.2 crore with a corresponding margin expansion of 1283 bps. EBITDA margin for the quarter stood at 32.1%. This margin expansion was aided by 39% yoy decline cost of raw materials consumed. The PAT for the quarter came in at Rs. 111.1 crore, yoy increase of 27.3%
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