Nifty futures and bank nifty future market closed at 10250/ 25516. according to technical analysis if nifty futures and bank nifty future moves up-word in upcoming treading sessions then 10400/ 26000 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 10200/ 25500 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 10100/25000.NSE - WEEKLY NEWS LETTERS
? TOP NEWS OF THE WEEK
SUN PHARMACEUTICALS INDUSTRIES
Consolidated Results Q2FY18: (Rs. in crore)
Q2FY18 YOY( %)
REVENUE 6650.34 19.50
EBITDA 1375.61 56.60
EBITDA MARGIN (%) 20.70 1767
NET PROFIT 912.12 59.20
Sun Pharmaceutical Industries reported consolidated results for the quarter came in mixed versus street estimates. Revenue for the quarter came in 3.1 % lower than the estimated figure of Rs. 6861 crore. EBITDA for the quarter came in 1.3 % higher than the estimated figure of Rs. 1357 crore. And lastly, net profit for the quarter came in 13.7 % higher than the estimated figure of Rs. 802 crore. Sun Pharmaceutical Industries consolidated revenue for the quarter came in at Rs. 6650.34 crore, registering 19.5% yoy decline. EBITDA for the quarter fell by 56.6% yoy to Rs. 1375.61 crore with a corresponding margin contraction of 1767 bps. EBITDA margin for the quarter stood at 20.7%. This margin contraction was aided by 10.4% increase in its employee benefit expenses. The PAT for the quarter came in at Rs. 912.12 crore, yoy decline of 59.2%. This was due to 193% increase in its finance cost
BANK OF BARODA
1 Standalone Results Q2FY18: (Rs. in crore)
Q2FY18 YOY( %)
NII 3720.20 8.60
NPA ( %) 11.20 19
PROVISIONS 2329 29.80
NET PROFIT ( ADJUSTED) 355 35.70
Bank of Baroda reported its Q2FY18 results today. The quarterly numbers missed street estimates on net profit. The net profit for the quarter was 22.6% below the street estimates of Rs.459 crore. However, net interest income for the quarter was 5.7% above the street estimates of Rs.3519 crore. The NII for the quarter was saw 8.6% yoy increase to Rs.3720 crore vs R s.3426 crore in Q2FY17. This was largely due to 2.6% yoy increase in interest income to Rs.10753 crore. While, interest expendedremained flat. The asset quality for the quarter showed steady performance. The GNPA’s for the quarter rose by 8% yoy to Rs.46306 crore. The GNPA’s as percentage to total advances declined by 19 bps to 11.16% vs 11.35% in Q2FY17. The NNPA also declined by 41 bps to 5.05% vs 5.46% in previous year corresponding quarter. The provisions for the quarter continue to remain inch upwards for aging stressed asset problem.
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