Larsen & Toubro Infotech saw jumped 10.6% during the week following strong numbers posted in Q4. The Company’s revenues grew 19.3% and EPS jumped 13.1% y/y, ahead of market expectations. The stock closed 2% below its all-time high of Rs 1,750.
Page Industries advanced 4.9% in today’s session after reporting yet another strong quarter of earnings growth. In Q4 FY 2018, the Company’s revenue and EPS grew 22% and 41%, y/y, respectively. Reacting to upbeat earnings, the stock witnessed heavy accumulation, there by notching bouncing off its 50-day line in today’s session.
Three up and two down days
Weekly Market Review:
With investors worrying about high bond yields, the depreciating rupee and rising crude oil prices, the market found itself on the back foot from the outset. Continue reading “Weekly Big Picture – Friday Rally Yields Positive Week For Market”
Major indices post solid gains; Nifty reclaims 50-DMA on higher volume.
Daily Market Review:
Key benchmarks made a strong recovery, driven by a surge in buying interest in the final hour of today’s session.
Both the Sensex and the Nifty traded in positive territory before notching gains of 0.9% and 0.8%, respectively. Today’s strong move pushed the Nifty back above its 50-day line. Volumes were higher on both indices. Continue reading “Daily Big Picture – Market Scripts Strong Comeback”