DR. REDDYS LAB share price has zoomed 5% and is presently trading at Rs 4,100.

Meanwhile, the BSE HEALTHCARE Index is at 15,318 (up 1.6%).

Among the top Gainers in the BSE HEALTHCARE Index today is DR. REDDYS LAB (up 5.3%).

NARAYANA HRUDAYALAYA LTD (down 0.3%) and IPCA LABS (down 0.5%) are among the top losers today.

Over the last one year, DR. REDDYS LAB has moved up from Rs 2,943 to Rs 4,100, registering a gain of Rs 1,157 (up 37.2%).

On the other hand, the BSE HEALTHCARE has moved up from 14,034 to 15,318, registering a gain of 1,284 points (up 9.0%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 145.8%), J.B.CHEMICALS (up 87.6%) and IPCA LABS (up 61.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.8%).

The top gainers among the BSE Sensex stocks today are HUL (up 3.0%), INDUSIND BANK (up 2.9%) and BAJAJ FINANCE (up 2.8%). Other gainers include AXIS BANK (up 2.7%) and RELIANCE IND. (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.1%), INDIABULLS HOU. FIN. (up 3.8%) and HUL (up 3.2%). Other gainers include HINDALCO (up 2.5%) and ZEE ENTERTAINMENT (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.35%).

DR. REDDYS LAB Financial Update...

DR. REDDYS LAB net profit down at Rs 6 billion for the quarter ended December 2019, compared to a loss of Rs 5 billion a year ago. Net Sales rose 13.8% to Rs 44.0 billion during the period as against Rs 38.6 billion in October-December 2018.

For the year ended March 2019, DR. REDDYS LAB reported 108.9% increase in net profit to Rs 19.1 billion compared to net profit of Rs 9.1 billion during FY18.

Revenue of the company grew 8.2% to Rs 154 billion during FY19.

The current Price to earnings ratio of DR. REDDYS LAB, based on rolling 12 month earnings, stands at 40.9x.

This article (DR. REDDYS LAB Surges by 5%; BSE HEALTHCARE Index Up 1.6%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

J.B.CHEMICALS share price has hit a 52-week high at Rs 625 (up 2.0%).

Meanwhile, the BSE 500 Index is at 12,146 (up 1.7%).

Among the top gainers in the BSE 500 Index today are J.B.CHEMICALS (up 2.0%) and ICICI SECURITIES LTD (up 10.5%).

CYIENT (down 5.6%) and RELIANCE CAPITAL (down 5.0%) are among the top losers today.

Over the last one year, J.B.CHEMICALS has moved up from Rs 331 to Rs 625, registering a gain of Rs 294 (up 87.64%).

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 435.7%), ABBOTT INDIA (up 145.8%) and NAVIN FLUORINE (up 122.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.8%). The top gainers among the BSE Sensex stocks today are HUL (up 3.0%), INDUSIND BANK (up 2.9%) and BAJAJ FINANCE (up 2.8%). Other gainers include AXIS BANK (up 2.7%) and RELIANCE IND. (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). DR. REDDYS LAB (up 4.1%) and INDIABULLS HOU. FIN. (up 3.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,277 to 32,089, registering a gain of -6,188 points (up -16.4%).

J.B.CHEMICALS Financial Update...

J.B.CHEMICALS net profit stood at Rs 622 million for the quarter ended December 2019, compared to a profit of Rs 464 million a year ago. Net Sales rose 9.3% to Rs 3.9 billion during the period as against Rs 3.5 billion in October-December 2018.

For the year ended March 2018, J.B.CHEMICALS reported 24.8% decrease in net profit to Rs 1.4 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 3.3% to Rs 14 billion during FY18.

The current Price to earnings ratio of J.B.CHEMICALS, based on rolling 12 month earnings, stands at 20.0x.

This article (J.B.CHEMICALS at 52 Week High; BSE 500 Index Up 2.0% ) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

ASHOK LEYLAND share price has zoomed 5% and is presently trading at Rs 48.

Meanwhile, the BSE AUTO Index is at 12,741 (up 1.7%).

Among the top Gainers in the BSE AUTO Index today is ASHOK LEYLAND (up 5.1%).

Over the last one year, ASHOK LEYLAND has moved down from Rs 86 to Rs 48, registering a loss of Rs 37 (down 43.5%).

On the other hand, the BSE AUTO has moved down from 18,491 to 12,741, loss of 5,750 points (down 31.2%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were MRF LTD. (up 11.8%) and BALKRISHNA INDUSTRIES (up 6.4%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%).

The top gainers among the BSE Sensex stocks today are HUL (up 3.3%), INDUSIND BANK (up 2.5%) and BAJAJ FINANCE (up 2.3%). Other gainers include RELIANCE IND. (up 2.3%) and TATA STEEL (up 2.3%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.1%), INDIABULLS HOU. FIN. (up 3.8%) and HUL (up 3.2%). Other gainers include HINDALCO (up 2.5%) and ZEE ENTERTAINMENT (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.54%).

ASHOK LEYLAND Financial Update...

ASHOK LEYLAND net profit down at Rs 278 million for the quarter ended December 2019, compared to a loss of Rs 4 billion a year ago. Net Sales declined 36.5% to Rs 40.2 billion during the period as against Rs 63.3 billion in October-December 2018.

For the year ended March 2019, ASHOK LEYLAND reported 19.7% increase in net profit to Rs 21.8 billion compared to net profit of Rs 18.2 billion during FY18.

Revenue of the company grew 11.0% to Rs 332 billion during FY19.

The current Price to earnings ratio of ASHOK LEYLAND, based on rolling 12 month earnings, stands at 15.0x.

This article (ASHOK LEYLAND Surges by 5%; BSE AUTO Index Up 1.7%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

NCC share price has zoomed 5% and is presently trading at Rs 25.

Meanwhile, the BSE REALTY Index is at 1,345 (up 1.3%).

Among the top Gainers in the BSE REALTY Index today is NCC (up 5.4%).

Over the last one year, NCC has moved down from Rs 92 to Rs 25, registering a loss of Rs 68 (down 73.5%).

On the other hand, the BSE REALTY has moved down from 1,983 to 1,345, loss of 638 points (down 32.4%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 3.5%), HUL (up 3.0%) and BAJAJ FINANCE (up 2.6%). Other gainers include RELIANCE IND. (up 2.3%) and AXIS BANK (up 2.3%). The most traded stocks in the BSE Sensex are RELIANCE IND. and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.6%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.3%), INDUSIND BANK (up 3.8%) and HUL (up 3.2%). Other gainers include INDIABULLS HOU. FIN. (up 3.0%) and HINDALCO (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.52%).

NCC Financial Update...

NCC net profit down at Rs 1 billion for the quarter ended December 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 32.5% to Rs 22.8 billion during the period as against Rs 33.8 billion in October-December 2018.

For the year ended March 2019, NCC reported 153.1% increase in net profit to Rs 6.8 billion compared to net profit of Rs 2.7 billion during FY18.

Revenue of the company grew 53.7% to Rs 129 billion during FY19.

The current Price to earnings ratio of NCC, based on rolling 12 month earnings, stands at 3.4x.

This article (NCC Surges by 5%; BSE REALTY Index Up 1.3%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

HATHWAY CABLE share price has zoomed 11% and is presently trading at Rs 20.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.2%).

Among the top Gainers in the BSE 500 Index today is HATHWAY CABLE (up 11.5%).

ADANI PORTS & SEZ and CARE RATING are among the top losers today.

Over the last one year, HATHWAY CABLE has moved down from Rs 29 to Rs 20, registering a loss of Rs 9 (down 32.2%).

On the other hand, the BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 19.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 432.6%), ABBOTT INDIA (up 145.6%) and NAVIN FLUORINE (up 117.3%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.4%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.0%), HUL (up 3.2%) and KOTAK MAHINDRA BANK (up 2.6%). Other gainers include RELIANCE IND. (up 2.5%) and ICICI BANK (up 2.4%). The most traded stocks in the BSE Sensex are RELIANCE IND. and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). The top gainers in the NSE Nifty include INDUSIND BANK (up 3.9%), DR. REDDYS LAB (up 3.5%) and KOTAK MAHINDRA BANK (up 3.2%). Other gainers include INDIABULLS HOU. FIN. (up 3.2%) and HUL (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.71%).

HATHWAY CABLE Financial Update...

HATHWAY CABLE net profit declined 168.0% YoY to Rs 131 million for the quarter ended March 2020, compared to a loss of Rs 192 million a year ago. Net Sales rose 5.7% to Rs 1.5 billion during the period as against Rs 1.4 billion in January-March 2019.

For the year ended March 2019, HATHWAY CABLE reported 336.0% decrease in net profit to Rs 2.4 billion compared to net profit of Rs 1.0 billion during FY18.

Revenue of the company grew 1.5% to Rs 16 billion during FY19.

The current Price to earnings ratio of HATHWAY CABLE, based on rolling 12 month earnings, stands at 206.9x.

This article (HATHWAY CABLE Surges by 11%; BSE 500 Index Up 1.2%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

CASTROL INDIA share price has zoomed 6% and is presently trading at Rs 131.

Meanwhile, the BSE OIL & GAS Index is at 11,694 (up 1.4%).

Among the top Gainers in the BSE OIL & GAS Index today is CASTROL INDIA (up 5.7%).

Over the last one year, CASTROL INDIA has moved down from Rs 149 to Rs 131, registering a loss of Rs 18 (down 12.5%).

On the other hand, the BSE OIL & GAS has moved down from 15,092 to 11,694, loss of 3,398 points (down 22.8%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were INDRAPRASTHA GAS (up 52.7%) and RELIANCE IND. (up 15.1%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.5%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.3%), HUL (up 3.3%) and KOTAK MAHINDRA BANK (up 2.9%). Other gainers include RELIANCE IND. (up 2.7%) and AXIS BANK (up 2.4%). The most traded stocks in the BSE Sensex are RELIANCE IND. and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). The top gainers in the NSE Nifty include INDUSIND BANK (up 3.9%), DR. REDDYS LAB (up 3.5%) and KOTAK MAHINDRA BANK (up 3.2%). Other gainers include INDIABULLS HOU. FIN. (up 3.2%) and HUL (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.63%).

CASTROL INDIA Financial Update...

CASTROL INDIA net profit stood at Rs 3 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 2.1% to Rs 10.1 billion during the period as against Rs 10.3 billion in October-December 2018.

For the year ended December 2018, CASTROL INDIA reported 2.4% increase in net profit to Rs 7.1 billion compared to net profit of Rs 6.9 billion during FY17.

Revenue of the company grew 1.4% to Rs 39 billion during FY18.

The current Price to earnings ratio of CASTROL INDIA, based on rolling 12 month earnings, stands at 15.6x.

This article (CASTROL INDIA Surges by 6%; BSE OIL & GAS Index Up 1.4%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

TV18 BROADCAST share price has zoomed 10% and is presently trading at Rs 20.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.5%).

Among the top Gainers in the BSE 500 Index today are TV18 BROADCAST (up 10.1%) and HATHWAY CABLE (up 13.5%).

PAGE INDUSTRIES and SCHAEFFLER INDIA LTD (down 0.1%) are among the top losers today.

Over the last one year, TV18 BROADCAST has moved down from Rs 30 to Rs 20, registering a loss of Rs 10 (down 33.8%).

On the other hand, the BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 19.0%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 433.0%), ABBOTT INDIA (up 146.0%) and NAVIN FLUORINE (up 119.0%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.7%), KOTAK MAHINDRA BANK (up 3.3%) and HUL (up 3.0%). Other gainers include AXIS BANK (up 2.7%) and BAJAJ FINANCE (up 2.7%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). The top gainers in the NSE Nifty include INDUSIND BANK (up 4.6%), DR. REDDYS LAB (up 3.9%) and KOTAK MAHINDRA BANK (up 3.1%). Other gainers include HUL (up 3.1%) and INDIABULLS HOU. FIN. (up 3.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.56%).

TV18 BROADCAST Financial Update...

TV18 BROADCAST net profit down at Rs 1 billion for the quarter ended March 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 0.0% to Rs 14.2 billion during the period as against Rs 14.3 billion in January-March 2019.

For the year ended March 2019, TV18 BROADCAST reported 390.2% decrease in net profit to Rs 1.7 billion compared to net loss of Rs 602.0 million during FY18.

Revenue of the company grew 243.7% to Rs 57 billion during FY19.

The current Price to earnings ratio of TV18 BROADCAST, based on rolling 12 month earnings, stands at 9.1x.

This article (TV18 BROADCAST Surges by 10%; BSE 500 Index Up 1.5%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.6% while the Hang Seng is up 0.9%. The Nikkei 225 is trading up by 1.8%. Wall Street's indices climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.

Trends on SGX Nifty indicated a positive opening for the index in India with a 91 points gain.

India share markets opened higher. The BSE Sensex is trading up by 542 points while the NSE Nifty is trading up by 158 points. The BSE Mid Cap index and BSE Small Cap index opened up by 0.9% and 0.6% respectively.

All sectoral indices are trading in green with metal stocks and banking stocks witnessing maximum buying interest.

Note that the�coronavirus impact�has shaken markets worldwide. For the�BSE Sensex, FY20 was the second worst year post FY08, the year of the global financial crisis.

Good Time to Start Investing Now?

Naturally, there is an atmosphere of fear all round.

Is it time to sell stocks now? Will the correction get worse?

History has shown that after years like the one we had just now, the next 3 years are good for the markets. In fact, these corrections are the rare times when you find businesses with solid fundamentals at reasonable valuations.

If you can�find good businesses�that can survive the current crisis, you will do well in the long run.

Moving on, the rupee is currently trading at 75.57 against the�US$.

Gold prices are currently trading up 1.7% at Rs 46,161.

Gold prices in India edged lower in yesterday's trade though it remained in a narrow range.

On MCX, June gold futures fell about Rs 30 to Rs 45,340 per 10 gram, extending losses to the third day.

Gold prices had fallen about Rs 426 per 10 gram in the previous session. Silver futures also gave up early gains and were down 0.1% to 41,803 per kg.

In global markets, gold prices edge higher today after a sharp fall in the previous session.

Spot gold climbed 0.3% to US$1,690.19 per ounce, after a 1% fall in the previous session. Despite bleak economic data, the dollar's strength is weighing on gold.

The US dollar today touched a more than one-week high against a basket of major currencies. Besides firmer dollar, some bullion refineries restarted have production, easing supply-side concerns.

Moving on to mutual funds sector. Investors pumped Rs 837.8 billion in equity-oriented mutual fund (MF) schemes in FY20, registering a decline of 25% from the Rs 1.11-trillion inflows in the preceding year.

However, this was the sixth successive year of net inflows in equity mutual funds, according to data by the Association of Mutual Funds in India.

The flows into equity funds in the last fiscal were lower than the flows in 2018-19 primarily because of the equity markets displaying volatility, which made some investors take a break from making fresh equity investments.

Net inflows in these funds were Rs 1.7 trillion in FY18, Rs 703.7 billion in FY17, Rs 740.2 billion in FY16, and Rs 710.3 billion in FY15. However, they had witnessed a net outflow of Rs 92.7 billion in FY14.

To know what's moving the Indian stock markets today, check out the most recent�share market updates here.

J.B.CHEMICALS share price has hit an all-time high at Rs 635 (up 4.2%).

Meanwhile, the BSE HEALTHCARE Index is at 15,318 (up 1.3%).

Among the top gainers in the BSE HEALTHCARE Index today are J.B.CHEMICALS (up 4.2%) and ABBOTT INDIA (up 0.3%).

CADILA HEALTHCARE and DISHMAN CARBOGEN AMCIS LTD (down 0.1%) are among the top losers today.

Over the last one year, J.B.CHEMICALS has moved up from Rs 331 to Rs 635, registering a gain of Rs 304 (up 91.7%).

The BSE HEALTHCARE has moved up from 14,034 to 15,318, registering a gain of 1,284 points (up 8.7%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 145.2%), J.B.CHEMICALS (up 91.7%) and IPCA LABS (up 62.9%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.4%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.3%), HUL (up 3.3%) and KOTAK MAHINDRA BANK (up 2.9%). Other gainers include ICICI BANK (up 2.8%) and BAJAJ FINANCE (up 2.4%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.3%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 3.9%), INDIABULLS HOU. FIN. (up 3.6%) and INDUSIND BANK (up 3.6%). Other gainers include HUL (up 3.3%) and KOTAK MAHINDRA BANK (up 2.8%).

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of -6,188 points (up -16.7%).

J.B.CHEMICALS Financial Update...

J.B.CHEMICALS net profit stood at Rs 622 million for the quarter ended December 2019, compared to a profit of Rs 464 million a year ago. Net Sales rose 9.3% to Rs 3.9 billion during the period as against Rs 3.5 billion in October-December 2018.

For the year ended March 2018, J.B.CHEMICALS reported 24.8% decrease in net profit to Rs 1.4 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 3.3% to Rs 14 billion during FY18.

The current Price to earnings ratio of J.B.CHEMICALS, based on rolling 12 month earnings, stands at 20.4x.

This article (J.B.CHEMICALS at All Time High; BSE HEALTHCARE Index Up 1.3%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

TUBE INVESTMENTS OF INDIA LTD share price has plunged 5% and is presently trading at Rs 375.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,399 (up 0.8%).

Among the top losers in the BSE CAPITAL GOODS Index today is TUBE INVESTMENTS OF INDIA LTD (down 5.4%).

SKF INDIA (up 7.4%) and SADBHAV ENGINEERING (up 4.9%) are among the top gainers today.

Over the last one year, TUBE INVESTMENTS OF INDIA LTD has moved up from Rs 368 to Rs 375, registering a gain of Rs 7 (up 1.9%)..

The BSE CAPITAL GOODS has moved down from 17,932 to 11,399, loss of 6,533 points (down 36.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 14.0%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.3%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.7%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). DR. REDDYS LAB (up 4.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.77%).

ITD CEMENTATION INDIA share price has zoomed 11% and is presently trading at Rs 38.

Meanwhile, the BSE REALTY Index is at 1,345 (up 1.3%).

Among the top Gainers in the BSE REALTY Index today is ITD CEMENTATION INDIA (up 10.8%).

SOBHA LIMITED and OMAXE LTD are among the top losers today.

Over the last one year, ITD CEMENTATION INDIA has moved down from Rs 115 to Rs 38, registering a loss of Rs 78 (down 67.5%).

On the other hand, the BSE REALTY has moved down from 1,983 to 1,345, loss of 638 points (down 32.4%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%).

The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%), ICICI BANK (up 3.8%) and BHARTI AIRTEL (up 3.1%). Other gainers include HUL (up 2.7%) and KOTAK MAHINDRA BANK (up 2.7%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). The top gainers in the NSE Nifty include RELIANCE IND. (up 4.1%), ICICI BANK (up 3.8%) and DR. REDDYS LAB (up 3.7%). Other gainers include BHARTI AIRTEL (up 3.3%) and HUL (up 2.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.56%).

LAURUS LABS LTD share price has plunged 9% and is presently trading at Rs 488.

Meanwhile, the BSE HEALTHCARE Index is at 15,333 (up 1.6%).

Among the top losers in the BSE HEALTHCARE Index today is LAURUS LABS LTD (down 8.8%).

J.B.CHEMICALS (up 5.5%) and DR. REDDYS LAB (up 3.9%) are among the top gainers today.

Over the last one year, LAURUS LABS LTD has moved up from Rs 386 to Rs 488, registering a gain of Rs 102 (up 26.5%)..

The BSE HEALTHCARE has moved up from 14,034 to 15,333, registering a gain of 1,299 points (up 9.3%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 144.4%), J.B.CHEMICALS (up 94.1%) and IPCA LABS (up 66.0%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.7%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 4.0%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). ZEE ENTERTAINMENT (up 6.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.48%).

BRIGADE ENTERPRISES share price has plunged 7% and is presently trading at Rs 112.

Meanwhile, the BSE REALTY Index is at 1,345 (up 0.7%).

Among the top losers in the BSE REALTY Index today is BRIGADE ENTERPRISES (down 6.8%).

INDIABULLS REAL EST (up 3.8%) and DLF (up 2.0%) are among the top gainers today.

Over the last one year, BRIGADE ENTERPRISES has moved down from Rs 153 to Rs 112, registering a loss of Rs 41 (down 26.8%)..

The BSE REALTY has moved down from 1,983 to 1,345, loss of 638 points (down 32.2%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.3%). ZEE ENTERTAINMENT (up 5.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.54%).

BRIGADE ENTERPRISES Financial Update...

BRIGADE ENTERPRISES net profit down at Rs 405 million for the quarter ended December 2019, compared to a loss of Rs 594 million a year ago. Net Sales declined 19.7% to Rs 5.5 billion during the period as against Rs 6.9 billion in October-December 2018.

For the year ended March 2019, BRIGADE ENTERPRISES reported 96.0% increase in net profit to Rs 2.8 billion compared to net profit of Rs 1.4 billion during FY18.

Revenue of the company grew 56.7% to Rs 30 billion during FY19.

The current Price to earnings ratio of BRIGADE ENTERPRISES, based on rolling 12 month earnings, stands at 7.2x.

This article (BRIGADE ENTERPRISES Plunges by 7%; BSE REALTY Index Up 0.7%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Share markets in India are presently trading on a positive note. Benchmark indices advanced today tracking firm global cues.

Further, talks of an economic stimulus for small businesses battered by the coronavirus outbreak improved sentiment.

Reportedly, the government may unveil fiscal stimulus amounting to 0.3% of the country's gross domestic product, focusing on small and medium sized businesses, real estate firms and banks.

The BSE Sensex is trading up by 524 points while the NSE Nifty is trading up by 146 points.

The BSE Mid Cap index and the BSE Small Cap index are trading up by 0.9% and 0.7%, respectively.

Sectoral indices are trading mixed with stocks in the energy sector and telecom sector witnessing buying interest, while power stocks are witnessing selling pressure.

The rupee is currently trading at 75.44 against the US$.

Gold prices are currently trading down by 0.1% at Rs 46,134.

Speaking of the current stock market scenario, after a sharp rally in the past few weeks, the markets have turned volatile again.

You would be interested in knowing when the market will likely bottom out.

Vijay Bhambwani, editor of Weekly Cash Alerts, has the answer and he has recorded a video about it.

You can check the same here - This is When the Stock Market Will Bottom Out

Moving on, market participants are tracking Shree Cement share price, TCI Express share price, and SBI Cards and Payment Services share price as these companies are scheduled to announce their March quarter results (Q4FY20) later today.

You can read our recently released Q4FY20 results of other companies here: Ambuja Cement, IndusInd Bank, Axis Bank, Tech Mahindra, Reliance Industries, Marico, Kansai Nerolac, NIIT Technologies, Persistent Systems, SKF India.

In news from the banking sector, public sector banks (PSBs) sanctioned loans worth Rs 5.66 lakh crore for the March-April period to 41.81 lakh accounts, according to the finance ministry.

The borrowers represented the micro small and medium sized enterprises (MSMEs), retail, agriculture and corporate sectors.

Reportedly, PSB loans amounting to Rs 265 billion have been sanctioned in 2.37 lakh cases for MSMEs.

This is part of the PSB initiative to prioritise pre-approved emergency credit lines and enhanced working capital requirements to the sector.

Meanwhile, PSBs sanctioned loans worth Rs 773.8 billion to non-banking financial companies (NBFCs) and housing finance companies (HFCs) between March 1 and May 4.

Including the Reserve Bank of India's (RBI) targeted long term repo operations (TLTRO) window, PSBs extended Rs 1.08 lakh crore of financing to ensure business stability and continuity.

The finance ministry said that the three-month loan moratorium facility announced by the RBI has been availed by 3.2 crore PSB accounts.

On Thursday, Finance Minister Nirmala Sitharaman said that the Indian economy is poised to recover from the recent crisis brought upon by the coronavirus pandemic with PSB sanctioning loans worth Rs 5.66 lakh crore in just two months.

Speaking of the banking sector, the low access to credit for micro small and medium enterprises (MSMEs) tells us there is a huge opportunity for lenders.

This is evident from the chart below:

India's Huge Lending Opportunity

Of the 60 million MSMEs in India, only 11% had access to credit from organised lenders. Most of them are self-financed or get credit from unorganised sources.

Here's what Tanushree Banerjee wrote about this in one of the editions of The 5 Minute WrapUp...

• Self-financing limits the growth of these MSMEs. On the other hand, high interest rates from unorganised sources makes it difficult for them to earn profits.
  
  The Modi government is looking at various ways to correct this problem. Mudra loans, online loans facilities are being made available to MSMEs.
  
  Slowly but surely, lenders are sensing the huge opportunity that lies ahead for this sector.
  
  Banks and other financial firms with prudent lending practices and strong distribution networks will benefit from this megatrend.

Tanushree is counting on 7 top stocks from the Indian stock market that will benefit from this megatrend.

As per her, now is the right time to buy these stocks to profit from the Rebirth of India. You can read about them here.

Moving on to news from the FMCG sector, shares of Hindustan Unilever (HUL) rose 4% today after institutional investors bought stake in the company via open market on Thursday.

The NSE bulk deal data showed that foreign portfolio investor Societe Generale, a French multinational investment bank and financial services company, bought 129 million shares of HUL at an average price of Rs 1,902.

UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals, yesterday.

According to the term sheet, over 133 million shares were offered in the range of Rs 1,850-1,950 to investors through a special block window.

The deal is valued roughly between Rs 246 billion to Rs 259 billion.

Note that last week, HUL reported a 7% decline in volumes in Q4FY20. The company's profit before tax fell 10.6% to Rs 19.9 billion, while net profit declined 1.2% year-on-year (YoY) to Rs 15.2 billion.

HUL share price is presently trading up by 3%.

To know more about the company, you can HUL's latest result analysis on our website.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.

NTPC share price has plunged 5% and is presently trading at Rs 92.

Meanwhile, the BSE POWER Index is at 1,456 (down 2.1%).

Among the top losers in the BSE POWER Index today is NTPC (down 5.1%).

RELIANCE INFRA (up 5.0%) and THERMAX (up 0.8%) are among the top gainers today.

Over the last one year, NTPC has moved down from Rs 134 to Rs 92, registering a loss of Rs 42 (down 31.0%)..

The BSE POWER has moved down from 1,954 to 1,456, loss of 498 points (down 25.5%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were TORRENT POWER LTD (up 20.9%) and GMR INFRA (up 7.2%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.4%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are INDUSIND BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 1.3%). ZEE ENTERTAINMENT (up 5.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.73%).

NTPC Financial Update...

NTPC net profit down at Rs 14 billion for the quarter ended December 2019, compared to a loss of Rs 27 billion a year ago. Net Sales declined 2.6% to Rs 235.0 billion during the period as against Rs 241.2 billion in October-December 2018.

For the year ended March 2019, NTPC reported 151.3% increase in net profit to Rs 161.6 billion compared to net profit of Rs 64.3 billion during FY18.

Revenue of the company grew 8.7% to Rs 957 billion during FY19.

The current Price to earnings ratio of NTPC, based on rolling 12 month earnings, stands at 5.1x.

This article (NTPC Plunges by 5%; BSE POWER Index Down 2.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

TORRENT POWER LTD share price has plunged 5% and is presently trading at Rs 327.

Meanwhile, the BSE POWER Index is at 1,456 (down 2.1%).

Among the top losers in the BSE POWER Index today is TORRENT POWER LTD (down 5.1%).

RELIANCE INFRA (up 5.0%) and THERMAX (up 0.8%) are among the top gainers today.

Over the last one year, TORRENT POWER LTD has moved up from Rs 255 to Rs 327, registering a gain of Rs 72 (up 28.1%)..

The BSE POWER has moved down from 1,954 to 1,456, loss of 498 points (down 25.5%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were TORRENT POWER LTD (up 20.1%) and GMR INFRA (up 7.5%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.3%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are INDUSIND BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 1.3%). ZEE ENTERTAINMENT (up 4.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.76%).

TORRENT POWER LTD Financial Update...

TORRENT POWER LTD net profit stood at Rs 4 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 5.4% to Rs 30.8 billion during the period as against Rs 32.5 billion in October-December 2018.

For the year ended March 2018, TORRENT POWER LTD reported 121.5% increase in net profit to Rs 9.5 billion compared to net profit of Rs 4.3 billion during FY17.

Revenue of the company grew 15.1% to Rs 115 billion during FY18.

The current Price to earnings ratio of TORRENT POWER LTD, based on rolling 12 month earnings, stands at 10.0x.

This article (TORRENT POWER LTD Plunges by 5%; BSE POWER Index Down 2.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

JM FINANCIAL share price has plunged 5% and is presently trading at Rs 66.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.2%).

Among the top losers in the BSE 500 Index today are JM FINANCIAL (down 5.1%) and LAURUS LABS LTD (down 8.3%).

TV18 BROADCAST (up 9.0%) and E.I.D. PARRY (up 7.3%) are among the top gainers today.

Over the last one year, JM FINANCIAL has moved down from Rs 85 to Rs 66, registering a loss of Rs 19 (down 22.1%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 433.0%), ABBOTT INDIA (up 143.2%) and NAVIN FLUORINE (up 117.1%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.5%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.6%). The most traded stocks in the BSE Sensex are INDUSIND BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 1.4%). ZEE ENTERTAINMENT (up 5.0%) and RELIANCE IND. (up 4.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.61%).

JM FINANCIAL Financial Update...

JM FINANCIAL net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 8.0% to Rs 8.3 billion during the period as against Rs 9.0 billion in October-December 2018.

For the year ended March 2019, JM FINANCIAL reported 14.5% increase in net profit to Rs 11.1 billion compared to net profit of Rs 9.7 billion during FY18.

Revenue of the company grew 16.1% to Rs 35 billion during FY19.

The current Price to earnings ratio of JM FINANCIAL, based on rolling 12 month earnings, stands at 6.6x.

This article (JM FINANCIAL Plunges by 5%; BSE 500 Index Up 1.2%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

BHARAT DYNAMICS share price has plunged 5% and is presently trading at Rs 231.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.8%).

Among the top losers in the BSE 500 Index today are BHARAT DYNAMICS (down 5.4%) and LAURUS LABS LTD (down 9.0%).

TV18 BROADCAST (up 7.9%) and E.I.D. PARRY (up 7.6%) are among the top gainers today.

Over the last one year, BHARAT DYNAMICS has moved down from Rs 281 to Rs 231, registering a loss of Rs 50 (down 17.8%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 431.9%), ABBOTT INDIA (up 142.8%) and NAVIN FLUORINE (up 115.0%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.0%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are INDUSIND BANK and ICICI BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.1%). ZEE ENTERTAINMENT (up 5.1%) and DR. REDDYS LAB (up 4.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.03%).

TIMKEN INDIA share price has plunged 5% and is presently trading at Rs 888.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.0%).

Among the top losers in the BSE 500 Index today are TIMKEN INDIA (down 5.1%) and LAURUS LABS LTD (down 8.9%).

E.I.D. PARRY (up 8.0%) and TV18 BROADCAST (up 7.4%) are among the top gainers today.

Over the last one year, TIMKEN INDIA has moved up from Rs 549 to Rs 888, registering a gain of Rs 339 (up 61.6%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 432.8%), ABBOTT INDIA (up 142.8%) and NAVIN FLUORINE (up 115.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.2%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.2%). The most traded stocks in the BSE Sensex are INDUSIND BANK and ICICI BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.1%). ZEE ENTERTAINMENT (up 4.9%) and DR. REDDYS LAB (up 4.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.83%).

TIMKEN INDIA Financial Update...

TIMKEN INDIA net profit stood at Rs 846 million for the quarter ended December 2019, compared to a profit of Rs 264 million a year ago. Net Sales declined 3.0% to Rs 3.7 billion during the period as against Rs 3.8 billion in October-December 2018.

For the year ended March 2019, TIMKEN INDIA reported 61.6% increase in net profit to Rs 1.5 billion compared to net profit of Rs 920.0 million during FY18.

Revenue of the company grew 33.0% to Rs 17 billion during FY19.

The current Price to earnings ratio of TIMKEN INDIA, based on rolling 12 month earnings, stands at 26.5x.

This article (TIMKEN INDIA Plunges by 5%; BSE 500 Index Up 1.0%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

E.I.D. PARRY share price has zoomed 10% and is presently trading at Rs 164.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.8%).

Among the top Gainers in the BSE 500 Index today are E.I.D. PARRY (up 10.5%) and HATHWAY CABLE (up 10.0%).

MAH. SCOOTERS and 3M INDIA are among the top losers today.

Over the last one year, E.I.D. PARRY has moved down from Rs 187 to Rs 164, registering a loss of Rs 23 (down 12.3%).

On the other hand, the BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 19.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 431.3%), ABBOTT INDIA (up 143.8%) and NAVIN FLUORINE (up 109.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.1%).

The top gainers among the BSE Sensex stocks today are HUL (up 4.1%), RELIANCE IND. (up 4.0%) and NESTLE (up 3.7%). Other gainers include TECH MAHINDRA (up 3.2%) and SUN PHARMA (up 3.0%). The most traded stocks in the BSE Sensex are INDUSIND BANK and ICICI BANK.

In the meantime, NSE Nifty is at 9,383 (up 0.7%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.3%), HUL (up 3.8%) and RELIANCE IND. (up 3.8%). Other gainers include BRITANNIA (up 3.7%) and ZEE ENTERTAINMENT (up 3.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.94%).

E.I.D. PARRY Financial Update...

E.I.D. PARRY net profit stood at Rs 3 billion for the quarter ended December 2019, compared to a profit of Rs 1 billion a year ago. Net Sales rose 9.9% to Rs 40.8 billion during the period as against Rs 37.1 billion in October-December 2018.

For the year ended March 2019, E.I.D. PARRY reported 15.4% decrease in net profit to Rs 4.4 billion compared to net profit of Rs 5.2 billion during FY18.

Revenue of the company grew 7.3% to Rs 166 billion during FY19.

The current Price to earnings ratio of E.I.D. PARRY, based on rolling 12 month earnings, stands at 3.5x.

This article (E.I.D. PARRY Surges by 10%; BSE 500 Index Up 0.8%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

BHEL share price has plunged 5% and is presently trading at Rs 23.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,399 (down 0.9%).

Among the top losers in the BSE CAPITAL GOODS Index today is BHEL (down 5.2%).

SKF INDIA (up 5.2%) and SADBHAV ENGINEERING (up 4.9%) are among the top gainers today.

Over the last one year, BHEL has moved down from Rs 64 to Rs 23, registering a loss of Rs 40 (down 63.3%)..

The BSE CAPITAL GOODS has moved down from 17,932 to 11,399, loss of 6,533 points (down 36.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 12.2%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.7%). The top gainers among the BSE Sensex stocks today are HUL (up 3.8%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.8%). DR. REDDYS LAB (up 4.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.27%).

BHEL Financial Update...

BHEL net profit down at Rs 2 billion for the quarter ended December 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 22.6% to Rs 56.8 billion during the period as against Rs 73.4 billion in October-December 2018.

For the year ended March 2019, BHEL reported 44.1% increase in net profit to Rs 11.9 billion compared to net profit of Rs 8.3 billion during FY18.

Revenue of the company grew 5.3% to Rs 304 billion during FY19.

The current Price to earnings ratio of BHEL, based on rolling 12 month earnings, stands at 21.6x.

This article (BHEL Plunges by 5%; BSE CAPITAL GOODS Index Down 0.9%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

M&M share price has plunged 5% and is presently trading at Rs 408.

Meanwhile, the BSE AUTO Index is at 12,741 (down 1.6%).

Among the top losers in the BSE AUTO Index today is M&M (down 5.0%).

MOTHERSON SUMI (up 2.1%) and ASHOK LEYLAND (up 0.9%) are among the top gainers today.

Over the last one year, M&M has moved down from Rs 636 to Rs 408, registering a loss of Rs 228 (down 35.8%)..

The BSE AUTO has moved down from 18,491 to 12,741, loss of 5,750 points (down 31.1%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were MRF LTD. (up 11.6%) and BALKRISHNA INDUSTRIES (up 4.3%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.7%). The top gainers among the BSE Sensex stocks today are HUL (up 4.0%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.8%). DR. REDDYS LAB (up 4.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.24%).

M&M Financial Update...

M&M net profit down at Rs 3 billion for the quarter ended December 2019, compared to a loss of Rs 11 billion a year ago. Net Sales declined 5.5% to Rs 123.5 billion during the period as against Rs 130.7 billion in October-December 2018.

For the year ended March 2019, M&M reported 4.8% increase in net profit to Rs 44.3 billion compared to net profit of Rs 42.2 billion during FY18.

Revenue of the company grew 12.3% to Rs 1,047 billion during FY19.

The current Price to earnings ratio of M&M, based on rolling 12 month earnings, stands at 8.8x.

This article (M&M Plunges by 5%; BSE AUTO Index Down 1.6%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

BANDHAN BANK LTD share price has plunged 5% and is presently trading at Rs 262.

Meanwhile, the BSE BANKEX Index is at 22,880 (up 0.1%).

Among the top losers in the BSE BANKEX Index today are BANDHAN BANK LTD (down 5.0%) and RBL BANK LTD (down 8.1%).

ICICI BANK (up 2.0%) and KOTAK MAHINDRA BANK (up 1.4%) are among the top gainers today.

Over the last one year, BANDHAN BANK LTD has moved down from Rs 590 to Rs 262, registering a loss of Rs 328 (down 55.5%)..

The BSE BANKEX has moved down from 32,704 to 22,880, loss of 9,824 points (down 30.0%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.7%). The top gainers among the BSE Sensex stocks today are HUL (up 4.0%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.8%). DR. REDDYS LAB (up 4.3%) and HUL (up 4.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.24%).

BANDHAN BANK LTD Financial Update...

BANDHAN BANK LTD net profit stood at Rs 7 billion for the quarter ended December 2019, compared to a profit of Rs 3 billion a year ago. Operating income rose 64.7% to Rs 27.2 billion during the period as against Rs 16.5 billion in October-December 2018.

For the year ended March 2019, BANDHAN BANK LTD reported 45.0% increase in net profit to Rs 19.5 billion compared to net profit of Rs 13.5 billion during FY18.

Revenue of the company grew 38.4% to Rs 66 billion during FY19.

The current Price to earnings ratio of BANDHAN BANK LTD, based on rolling 12 month earnings, stands at 9.3x.

This article (BANDHAN BANK LTD Plunges by 5%; BSE BANKEX Index Up 0.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

ECLERX SERVICES share price has plunged 5% and is presently trading at Rs 474.

Meanwhile, the BSE IT Index is at 13,667 (up 0.7%).

Among the top losers in the BSE IT Index today are ECLERX SERVICES (down 5.1%) and CYIENT (down 10.0%).

TECH MAHINDRA (up 3.1%) and MINDTREE (up 2.3%) are among the top gainers today.

Over the last one year, ECLERX SERVICES has moved down from Rs 1,134 to Rs 474, registering a loss of Rs 660 (down 58.2%)..

The BSE IT has moved down from 15,682 to 13,667, loss of 2,015 points (down 12.8%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INFIBEAM AVENUES (up 15.5%) and NIIT TECHNOLOGIES (up 11.5%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.9%). The top gainers among the BSE Sensex stocks today are HUL (up 4.3%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.6%). HUL (up 4.4%) and DR. REDDYS LAB (up 4.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.15%).

ECLERX SERVICES Financial Update...

ECLERX SERVICES net profit stood at Rs 701 million for the quarter ended December 2019, compared to a profit of Rs 390 million a year ago. Net Sales rose 5.0% to Rs 3.8 billion during the period as against Rs 3.6 billion in October-December 2018.

For the year ended March 2018, ECLERX SERVICES reported 24.1% decrease in net profit to Rs 2.7 billion compared to net profit of Rs 3.5 billion during FY17.

Revenue of the company grew 2.6% to Rs 14 billion during FY18.

The current Price to earnings ratio of ECLERX SERVICES, based on rolling 12 month earnings, stands at 7.9x.

This article (ECLERX SERVICES Plunges by 5%; BSE IT Index Up 0.7%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

ICICI SECURITIES LTD share price has plunged 5% and is presently trading at Rs 429.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.5%).

Among the top losers in the BSE 500 Index today are ICICI SECURITIES LTD (down 5.3%) and TIMKEN INDIA (down 5.3%).

E.I.D. PARRY (up 9.9%) and TV18 BROADCAST (up 6.6%) are among the top gainers today.

Over the last one year, ICICI SECURITIES LTD has moved up from Rs 220 to Rs 429, registering a gain of Rs 209 (up 95.1%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 433.0%), ABBOTT INDIA (up 143.0%) and NAVIN FLUORINE (up 111.0%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.7%). The top gainers among the BSE Sensex stocks today are HUL (up 4.5%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.7%). HUL (up 4.6%) and DR. REDDYS LAB (up 4.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.27%).

PRESTIGE ESTATES share price has plunged 5% and is presently trading at Rs 169.

Meanwhile, the BSE REALTY Index is at 1,345 (down 0.8%).

Among the top losers in the BSE REALTY Index today is PRESTIGE ESTATES (down 5.4%).

GODREJ PROPERTIES (up 2.8%) and MAHINDRA LIFESPACE (up 1.8%) are among the top gainers today.

Over the last one year, PRESTIGE ESTATES has moved down from Rs 263 to Rs 169, registering a loss of Rs 94 (down 35.7%)..

The BSE REALTY has moved down from 1,983 to 1,345, loss of 638 points (down 32.2%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.9%). The top gainers among the BSE Sensex stocks today are HUL (up 4.6%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.7%). HUL (up 5.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.15%).

HUL share price has zoomed 5% and is presently trading at Rs 2,098.

Meanwhile, the BSE FMCG Index is at 10,083 (up 2.0%).

Among the top Gainers in the BSE FMCG Index today are HUL (up 5.2%) and GSK CONSUMER (up 5.1%).

GODFREY PHILLIPS (down 0.3%) and GODREJ AGROVET LTD (down 1.0%) are among the top losers today.

Over the last one year, HUL has moved up from Rs 1,695 to Rs 2,098, registering a gain of Rs 402 (up 23.6%).

On the other hand, the BSE FMCG has moved down from 11,531 to 10,083, loss of 1,448 points (down 12.6%) during the last 12 months.

The top gainers among the BSE FMCG Index stocks during this same period were TATA CONSUMER PRODUCTS (up 74.6%), NESTLE (up 70.0%) and GSK CONSUMER (up 48.6%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.8%).

The top gainers among the BSE Sensex stocks today are HUL (up 5.2%), RELIANCE IND. (up 4.0%) and NESTLE (up 3.9%). Other gainers include TECH MAHINDRA (up 3.6%) and SUN PHARMA (up 3.2%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.7%). The top gainers in the NSE Nifty include HUL (up 5.1%), RELIANCE IND. (up 3.9%) and DR. REDDYS LAB (up 3.7%). Other gainers include TECH MAHINDRA (up 3.6%) and SUN PHARMA (up 3.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.23%).

HUL Financial Update...

HUL net profit down at Rs 15 billion for the quarter ended March 2020, compared to a loss of Rs 16 billion a year ago. Net Sales declined 8.1% to Rs 90.1 billion during the period as against Rs 98.1 billion in January-March 2019.

For the year ended March 2019, HUL reported 19.6% increase in net profit to Rs 62.9 billion compared to net profit of Rs 52.6 billion during FY18.

Revenue of the company grew 8.5% to Rs 393 billion during FY19.

The current Price to earnings ratio of HUL, based on rolling 12 month earnings, stands at 67.3x.

This article (HUL Surges by 5%; BSE FMCG Index Up 2.0%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

ICICI SECURITIES LTD share price has plunged 5% and is presently trading at Rs 429.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.5%).

Among the top losers in the BSE 500 Index today are ICICI SECURITIES LTD (down 5.0%) and TIMKEN INDIA (down 5.1%).

E.I.D. PARRY (up 10.0%) and TV18 BROADCAST (up 6.3%) are among the top gainers today.

Over the last one year, ICICI SECURITIES LTD has moved up from Rs 220 to Rs 429, registering a gain of Rs 209 (up 95.1%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 431.1%), ABBOTT INDIA (up 142.5%) and NAVIN FLUORINE (up 111.5%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.6%). The top gainers among the BSE Sensex stocks today are HUL (up 5.1%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.6%). HUL (up 5.1%) and DR. REDDYS LAB (up 3.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.32%).

INFO EDGE share price has zoomed 6% and is presently trading at Rs 2,741.

Meanwhile, the BSE IT Index is at 13,667 (up 0.9%).

Among the top Gainers in the BSE IT Index today is INFO EDGE (up 5.6%).

TATA ELXSI (down 0.5%) and ORACLE FINANCIAL (down 1.3%) are among the top losers today.

Over the last one year, INFO EDGE has moved up from Rs 1,956 to Rs 2,741, registering a gain of Rs 784 (up 40.0%).

On the other hand, the BSE IT has moved down from 15,682 to 13,667, loss of 2,015 points (down 13.6%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INFIBEAM AVENUES (up 15.9%) and NIIT TECHNOLOGIES (up 11.1%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.6%).

The top gainers among the BSE Sensex stocks today are HUL (up 5.1%), RELIANCE IND. (up 3.9%) and NESTLE (up 3.9%). Other gainers include TECH MAHINDRA (up 3.6%) and SUN PHARMA (up 3.3%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.6%). The top gainers in the NSE Nifty include HUL (up 5.1%), DR. REDDYS LAB (up 3.9%) and TECH MAHINDRA (up 3.8%). Other gainers include SUN PHARMA (up 3.6%) and RELIANCE IND. (up 3.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.32%).

INFO EDGE Financial Update...

INFO EDGE net profit stood at Rs 880 million for the quarter ended December 2019, compared to a profit of Rs 743 million a year ago. Net Sales rose 14.0% to Rs 3.2 billion during the period as against Rs 2.8 billion in October-December 2018.

For the year ended March 2019, INFO EDGE reported 22.8% increase in net profit to Rs 2.9 billion compared to net profit of Rs 2.3 billion during FY18.

Revenue of the company grew 16.5% to Rs 12 billion during FY19.

The current Price to earnings ratio of INFO EDGE, based on rolling 12 month earnings, stands at 145.1x.

This article (INFO EDGE Surges by 6%; BSE IT Index Up 0.9%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

EIH share price has plunged 5% and is presently trading at Rs 71.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.3%).

Among the top losers in the BSE 500 Index today are EIH (down 5.3%) and NAVIN FLUORINE (down 5.1%).

E.I.D. PARRY (up 10.0%) and TV18 BROADCAST (up 7.1%) are among the top gainers today.

Over the last one year, EIH has moved down from Rs 180 to Rs 71, registering a loss of Rs 108 (down 60.3%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 434.2%), ABBOTT INDIA (up 142.3%) and NAVIN FLUORINE (up 107.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.5%). The top gainers among the BSE Sensex stocks today are HUL (up 5.0%). The most traded stocks in the BSE Sensex are RELIANCE IND. and ONGC.

In the meantime, NSE Nifty is at 9,383 (up 0.5%). HUL (up 5.0%) and DR. REDDYS LAB (up 4.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.44%).

EIH Financial Update...

EIH net profit stood at Rs 750 million for the quarter ended December 2019, compared to a profit of Rs 639 million a year ago. Net Sales declined 4.9% to Rs 4.2 billion during the period as against Rs 4.4 billion in October-December 2018.

For the year ended March 2019, EIH reported 26.6% decrease in net profit to Rs 1.3 billion compared to net profit of Rs 1.8 billion during FY18.

Revenue of the company grew 13.3% to Rs 18 billion during FY19.

The current Price to earnings ratio of EIH, based on rolling 12 month earnings, stands at 31.1x.

This article (EIH Plunges by 5%; BSE 500 Index Up 0.3%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

NAVIN FLUORINE share price has plunged 5% and is presently trading at Rs 1,532.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.3%).

Among the top losers in the BSE 500 Index today are NAVIN FLUORINE (down 5.1%) and TIMKEN INDIA (down 5.2%).

E.I.D. PARRY (up 10.0%) and TV18 BROADCAST (up 7.1%) are among the top gainers today.

Over the last one year, NAVIN FLUORINE has moved up from Rs 684 to Rs 1,532, registering a gain of Rs 848 (up 124.0%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 434.2%), ABBOTT INDIA (up 142.3%) and NAVIN FLUORINE (up 107.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.5%). The top gainers among the BSE Sensex stocks today are HUL (up 5.0%). The most traded stocks in the BSE Sensex are RELIANCE IND. and ONGC.

In the meantime, NSE Nifty is at 9,383 (up 0.5%). HUL (up 5.0%) and DR. REDDYS LAB (up 4.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.44%).

NAVIN FLUORINE Financial Update...

NAVIN FLUORINE net profit stood at Rs 453 million for the quarter ended December 2019, compared to a profit of Rs 388 million a year ago. Net Sales rose 11.3% to Rs 2.5 billion during the period as against Rs 2.3 billion in October-December 2018.

For the year ended March 2019, NAVIN FLUORINE reported 19.2% decrease in net profit to Rs 1.5 billion compared to net profit of Rs 1.8 billion during FY18.

Revenue of the company grew 7.6% to Rs 10 billion during FY19.

The current Price to earnings ratio of NAVIN FLUORINE, based on rolling 12 month earnings, stands at 8.4x.

This article (NAVIN FLUORINE Plunges by 5%; BSE 500 Index Up 0.3%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Indian share markets ended their trading session on a positive note today.

Benchmark indices edged higher, tracking overnight gains in the US market and positive Asian stock markets.

Further, talks of an economic stimulus for small businesses battered by the coronavirus outbreak improved sentiment.

Reportedly, the government may unveil fiscal stimulus amounting to 0.3% of the country's gross domestic product, focusing on small and medium sized businesses, real estate firms and banks.

At the closing bell, the�BSE Sensex�stood higher by 199 points (up 0.6%) and the�NSE Nifty�closed higher by 52 points (up 0.6%).

SGX Nifty�was trading at 9,260, up by 64 points, at the time of writing.

The BSE Mid Cap�index ended up by 0.1%, while the�BSE Small Cap�index ended the day down by 0.5%.

On the sectoral front, gains were seen in the energy sector and FMCG sector, while power stocks witnessed selling pressure.

Asian stock markets�finished on a strong note as of the most recent closing prices.

The�Hang Seng�was up 1% and the Nikkei was trading higher by 2.6%. The Shanghai Composite was up 0.8%.

European markets were trading on a positive note. The DAX was trading up by 0.8%, while the CAC 40 was trading up by 0.7%.

The rupee was trading at 75.55 to the US$ at the time of writing.

Gold prices�are currently trading up by 0.2% at Rs 46,274.

Speaking of the current stock market scenario, Indian stock markets have seen a stunning recovery over the last 5 weeks.

From its all-time high levels of 42,274 touched on January 20 this year, the Sensex crashed 39% to a multi-year low at 25,639 on March 23. Later, the index made a rapid recovery till April 30 as it added 4,250 points.

Thereafter, in just two sessions of this month, Sensex lost 7%.

Excluding this week's 7% fall, of all the rebounds after a 35%-40% fall in the market, the current one has been the biggest by a distance.

This is evident from the chart below:

Sensex: From Bear to Bull in 30 Days

While the Sensex has rebounded sharply, there are still many stocks out there that are trading at attractive valuations.

Co-head of research at�Equitymaster, Rahul Shah, believes this is a good time to get into stocks, even if you missed the rally because the market is fairly valued.

History has shown that after years like the one we had just now, the next 3 years are good for the markets. In fact, these corrections are the rare times when you find businesses with solid fundamentals at reasonable valuations.

If you can�find good businesses�that can survive the current crisis, you will do well in the long run.

Moving on, market participants were tracking�Shree Cement share price,�TCI Express share price, and�SBI Cards and Payment Services share price�as these companies announced their March quarter results (Q4FY20) today.

You can read our recently released Q4FY20 results of other companies here:�Ambuja Cement,�IndusInd Bank,�Axis Bank,�Tech Mahindra,�Reliance Industries,�Marico,�Kansai Nerolac,�NIIT Technologies,�Persistent Systems,�SKF India.

In news from the banking sector, RBL Bank share price was in focus today.

The private lender on Thursday reported a 54% decline in its March quarter net profit to�Rs 1,143 million on the back of higher provisions.

The bank's total provisions trebled on a year-on-year (YoY) basis and stood at�Rs 6.1 billion in Q4FY20. It holds�Rs 1,079.5 million of provisions in excess of what RBI has mandated for covid-19 related moratorium.

The lender logged a 37% YoY growth in its operating profit at Rs 7.7 billion compared to Rs 5.6 billion a year ago.

The bank's total revenue jumped 33% YoY to Rs 15.2 billion from Rs 11.5 billion reported in Q4FY19.

RBL Bank's net interest margin (NIM) stood at 4.93% in the March quarter. Its net interest income (NII) grew 38% YoY to�Rs 10.2 billion in Q4FY20.

The bank's deposits fell 1% to�Rs 578.1 billion in Q4FY20. Current and savings account (Casa) deposits grew 17% and 2% sequentially to�Rs 171.1 billion in the March quarter.

The private lender's advances increased 7% to�Rs 580.2 billion.

For the financial year 2019-20, the bank's total income stood at Rs 55.4 billion, up 39% YoY from Rs 39.8 billion, while its operating profit jumped 42% YoY to Rs 27.5 billion.

To know more, you can read RBL Bank's Q4FY20 result analysis on our website.

Moving on to news from the pharma sector, shares of Dr Reddy's Laboratories rallied 8% today to hit a 52-week high of Rs 4,132, after the company received the Establishment Inspection Report (EIR) from US health regulator for its manufacturing plant at Srikakulam.

In a regulatory filing, the company said it has received EIR from the US Food and Drug Administration (USFDA), for the Active Pharmaceutical Ingredients (API) manufacturing plant at Srikakulam, Andhra Pradesh (CTO VI).

The site was issued warning letter in November 2015 after the inspection in 2014, and was under "Official Action Indicated" classification till now.

Dr Reddy's Laboratories share price ended the day up by 3.8%.

In other news, Laurus Labs share price witnessed selling pressure today. Stock of the company�slipped 10% today after more than 30 million equity shares of the pharmaceutical company changed hands via multiple block deals.

As much as 19.1 million shares were traded on BSE, while on the National Stock Exchange (NSE), about 15.3 million shares changed hands.

Last week, the company had reported its consolidated net profit at Rs 1.1 billion, which more than doubled from Rs 430 million reported in the year-ago quarter.

The company's board also recommended for the sub-division of equity shares of the company from existing face value of Rs 10 each to face value of Rs 2 each, subject to regulatory approvals.

Speaking of the pharma sector, in December 2019, co-head of Research at�Equitymaster, Tanushree Banerjee had predicted that pharma could be the sector to see a�big rebound in 2020.

And rightly so, most�pharma companies�have re-emerged as the safer bets for investors in the ongoing market turmoil. Last month, the Indian rupee touched a new record low of Rs 76.92 against the US dollar. Most�pharma companies�generate their revenues through exports. Hence, a depreciating rupee is a positive development for them.

As per Tanushree, in a�post Covid-19 world, healthcare expenditures globally will see a big rejig.

Tanushree has her eyes on an exciting tech stock. The company in question is developing its medical division. It's focusing on telemedicine, which Tanushree believes will be a huge growth driver in a post Corona world.

Looking at the potential upside in the stock, over a period of five to ten years, Tanushree believes investors could become a�One Stock Crorepati.

To know what's moving the Indian stock markets today, check out the most recent�share market updates here.

Coronavirus vaccine: World leaders and organisations, except the United States, have already pledged $8 billion to research, manufacture and distribute a possible vaccine and treatments for COVID-19 apart from the individual efforts taken by the countries and its pharmaceutical firms

The OnePlus Bullets Wireless Z earphones come with a magnetic stripe on the earbuds that pause music when attached.

Owing to the coronavirus pandemic, tech giants Facebook and Google will allow the majority of their employees to work from home.

COVID-19 will lead to fundamental, and possibly, permanent behavioural changes in the way people shop, consume media and how they regard the brands they do business with, said Prabhu Ram of CMR

Engineers have done preliminary work and talked to smartphone operating system makers Apple Inc and Google about possibly adopting technology the companies plan to release jointly this month to make tracing easier

Jio has introduced an annual work-from-home annual plan for Rs 2399 that gives its users 2GB daily data. It has also brought in three work-from-home add-on plans.

Xiaomi has finally launched the Mi 10 in India, and with starting price of Rs 49,999, it goes up against the likes of the OnePlus 8 and the OnePlus 8 Pro, which were recently launched in India. Here it is compared with the OnePlus 8 Pro.

Xiaomi's Mi 10 competes fiercely with premium-end flagships from the Android universe -- both in terms of hardware and design. Here's why it could end up being a winner.

Google Duo has added a family mode feature which lets its users get a more personalised experience by using AR effects and options to doodle.

Facebook had announced a redesign of its desktop version in the F8 conference this year. Now, it is officially available for all users around the globe.

Panasonic has prepared for staggered operations at retail and brand stores that have been recalibrated to abide by social distancing norms and deployed all safety measures such as placement of sanitisers, mandatory usage of masks, and contact-less assistance to consumers

Sensex, Nifty Live News Today: SBI Cards and Payment Services, Adani Gas, Shree Cement, Procter & Gamble Hygiene & Health Care, Reliance Power, Reliance Infrastructure, Reliance Home Finance, Reliance Capital among others will be reporting their March quarterly results today

Share price of SBI Cards and Payment Services gained 2.44% to Rs 587.80 compared to the previous close of Rs 573.80 on BSE

At the interbank foreign exchange, the rupee opened at 75.36, then gained ground to touch 75.27, registering a rise of 45 paise over its previous close

Share price of Reliance Industries gained 4.43% to Rs 1,574 compared to the previous close of Rs 1,507 on BSE. Reliance Industries stock gained 9.11% in the last four days

The fund house said the remarks made by Jenny Johnson, president and CEO, Franklin Templeton during their quarterly earnings call were quoted "out of context" by media outlets

Stock specific action was seen in index heavyweight Reliance Industries gained 3.43% to Rs 1,558 on BSE after PE firm Vista Equity Partners said it would invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Shares of Asian Paints closed 1.01 per cent lower at 1,577against previous close of Rs 1593 on BSE