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<ul><li>The US stock markets soared on Tuesday, as investors eagerly awaited the results of US 2020 presidential elections.</li><li>SGX Nifty was trading 0.34% lower at 7:48 am, indicating a tepid start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amidst mixed cues from the global markets, the Indian equities are likely to open flat on Wednesday. The SGX Nifty was trading 0.34% lower at 7:48 am, indicating a tepid start for Nifty50. However, the US stock markets soared on Tuesday, as investors eagerly awaited the results of 2020 US presidential elections. The Dow Jones Industrial Average gained over 554 points, and the S&amp;P 500 gained 1.78%. These are the stocks to watch out for during the trading session on November 4: <keyword id="407979" type="COMPANY" weightage="20" keywordseo="Ajanta-Pharma">Ajanta Pharma</keyword> In a meeting held on November 3, Ajanta Pharma’s board approved the proposal to buyback its fully paid-up 7.35 lakh equity shares at a price of ₹1,850 each for an aggregate consideration not exceeding ₹135.97 crore. The shares of Ajanta Pharma ended 3% higher on Tuesday. Somany Home Innovation HDFC MF has reduced its stake in the company to 4.67% from 6.68% on October 30. The shares of Somany Home Innovation ended 1% higher on Tuesday. <keyword id="799" type="CITY" weightage="20" keywordseo="PVR">PVR</keyword> Leading multiplex chain operator PVR reported a consolidated net loss of ₹184.06 crore for the second quarter ended September 30, against the net profit of ₹47.67 crore in the same quarter last year. The total income of the company declined to ₹110.61 crore during the quarter under review as against ₹979.40 crore in the corresponding quarter last fiscal year. The shares of PVR ended 0.23% higher on Tuesday. HLE Glascoat Malabar India Fund will acquire 1.44 lakh shares of HLE Glascoat at ₹1,385 per share, aggregating up to ₹20 crore and 5.78 lakh warrants at ₹1,385 per warrant, aggregating up to ₹80 crore. The shares of HLE Glascoat ended 0.65% higher on Tuesday. <keyword id="141201" type="COMPANY" weightage="20" keywordseo="Cera-Sanitaryware">Cera Sanitaryware</keyword> Cera Sanitaryware informed stock exchanges that production at the sanitaryware unit continues to be partially affected due to unrest at its Mehsana facility. The shares of Cera Sanitaryware ended 0.13% lower on Tuesday. ICICI Lombard General Insurance ICICI Lombard General Insurance said it received no adverse observation letter from exchanges regarding the acquisition of Bharti Axa General Insurance. The shares of ICICI Lombard General Insurance ended 0.14% higher on Tuesday. <keyword id="886211" type="ORGANIZATION" weightage="20" keywordseo="Adani-Gas">Adani Gas</keyword> Adani Gas reported a record net profit in the September quarter as sales returned to pre-Covid levels quicker than anticipated. Net profit in July-September quarter at ₹136 crore was 13% higher compared to the profit a year ago. The shares of Adani Gas ended 2% higher on Tuesday. State Bank of India, <keyword id="46698" type="CITY" weightage="20" keywordseo="Lupin">Lupin</keyword>, HPCL and Adani Enterprises State Bank of India, Lupin, HPCL, Adani Enterprise are slated to announce their quarterly results today. SEE ALSO: <a href="https://www.businessinsider.in/politics/world/news/2020-election-see-insiders-comprehensive-guide-to-the-presidential-and-top-congressional-races/articleshow/78878848.cms" data-type="tilCustomLink">LIVE RESULTS: 2020 presidential and key congressional races</a> <a href="https://www.businessinsider.in/business/news/jack-ma-ant-group-ipo-listing-has-been-suspended-by-the-shanghai-stock-exchange/articleshow/79022502.cms" data-type="tilCustomLink">China suspends Jack Ma’s $34 billion Ant Group listing — citing changes in regulatory environment</a>

Top stocks to watch — SBI, Ajanta Pharma, PVR, Lupin, Adani Gas, Cera Sanitaryware, and others

<ul><li>Indian ceramic industry, which is presently the third largest producer in the world, is reportedly planning to double turnover by 2021. </li><li>In the recent times, the construction sector has grown by 7%-8%. </li><li>Within India’s ceramic market, 70% of the total output comes from Gujarat alone.</li></ul>Indian government’s spending on construction and real estate ahead of elections, including affordable housing is set to boost demand for ceramic products in the country. Indian ceramic industry, which is presently the <a href="https://www.businesswire.com/news/home/20190221005602/en/70.9-Billion-Ceramic-Tiles-Market-Type-Application" data-type="tilCustomLink">third largest</a> producer in the world, is reportedly planning to ramp up its yield to double by 2021. As the country makes room for new development projects, the increasing demand for faucets and tiles has lead to 7%-8% growth in construction sector. The demand for <a href="https://www.business-standard.com/search?type=news&amp;q=industrial+ceramic+products">industrial </a>ceramic products such as ceramic tiles, sanitary wares and pipes required in construction applications too are expected to increase. Given that the government has announced an investment of $376.5 billion in infrastructure by 2020, the ceramic industry “expects a huge growth in volume,” Tarun Marwah, Director, Messe Muenchen India, told IANS. He noted that the industry is divided equally into two — organised sector comprising large players and unorganised sector. India has also been stepping up its efforts to increase reach for the global ceramic market. According to the current data, 70% of the total output comes from Gujarat alone. The Morbi ceramic industry in Gujarat will receive an estimated investment of ₹15 billion in 2019, with plans to establish 50 new wall tiles manufacturing plants. However, in recent years despite the construction projects undertaken, the top ceramic product makers — <keyword id="6462340" type="COMPANY" weightage="20" keywordseo="kajaria-ceramics">Kajaria Ceramics</keyword>, <keyword id="593118" type="PERSON" weightage="20" keywordseo="Somany-Ceramics">Somany Ceramics</keyword>, <keyword id="141201" type="COMPANY" weightage="20" keywordseo="Cera-Sanitaryware">Cera Sanitaryware</keyword>, <keyword id="1548032" type="UNKNOWN" weightage="20" keywordseo="Asian-Granito">Asian Granito</keyword> — witnessed slow revenue growth. 
 
 
 
 
 
 
 
 
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 The numbers, however, do not reflect the boost that was expected from the Modi government's move to construct toilets around the country under the ‘Clean India’ initiative aimed at constructing <a href="https://economictimes.indiatimes.com/news/politics-and-nation/worlds-biggest-toilet-building-spree-is-under-way-in-india/articleshow/65206911.cms">111 million</a> toilets in next five years. According to Euromonitor International, the government’s other initiatives such as the national hygiene drive led to 81% jump in sales of concrete building materials. Premium brands like Jaguar and Nitco have also taken the creamy layer of customers on top of the pyramid. Things may now be turning around now. Real estate has got a new lease of life. With the improving demand, the housing sales in 2018 increased by 15% in the west and 20% in the southern cities in India with new launches up by 77%, <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/housing-sales-in-southern-cities-higher-than-north-and-west-india-in-2018-anarock/articleshow/67939424.cms">according to</a> homegrown property consultant Anarock. Moreover, with the Goods and Services Tax (GST) council <a href="https://www.moneycontrol.com/news/business/real-estate/explainer-gst-rate-cut-to-boost-sales-of-housing-units-reduce-unsold-inventory-3578701.html">slashing</a> tax rates further on under-construction properties — 5% on normal category and 1% for affordable housing — is also likely to benefit the homebuyers and construction sector. "Because of the global recession, production in the ceramic industry world wide is going down. From 2015 to 2018, there were too many ceramic products without any buyers. So we need to find buyers, find out ways to export our products which will take a long time," Ken Wong, General Manager at Unified Exhibition Service reportedly said. See also: <a href="https://www.businessinsider.in/from-affordable-housing-to-co-working-spaces-heres-how-2018-fared-for-indian-real-estate/articleshow/67317937.cms">From affordable housing to co-working spaces — here’s how 2018 fared for Indian real estate</a> <a href="https://www.businessinsider.in/interim-budget-2019-may-help-homebuyers-and-not-builders/articleshow/67559217.cms">Interim Budget 2019 may help homebuyers and not builders</a> <a href="https://www.businessinsider.in/gst-cut-on-real-estate-may-relieve-pain-temporarily/articleshow/68146057.cms">Indian real estate builders welcome GST relief but opinions are divided</a>

The world's third largest ceramic industry is banking on India's love for gaudy tiles

<ul><li>India’s benchmark indices <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> and <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> edged lower in morning trade after opening on a positive note on Wednesday. </li><li>Most sectoral indices were in the red, with PSU bank, healthcare and pharma indices losing the most. </li><li>State Bank of India, Axis Bank and Dr. Reddy’s Laboratories were amongst the top losers in morning trade. </li></ul>India’s benchmark indices Sensex and Nifty50 edged lower in morning trade after opening on a positive note on Wednesday. Most sectoral indices were in the red, with PSU bank, healthcare and pharma indices losing the most. Both the indices were down by 0.3%, with Sensex hovering at 61,592 points and Nifty50 at 18,218 points. State Bank of India, Axis Bank and Dr. Reddy’s Laboratories were amongst the top losers in morning trade. Top gainers and losers on Nifty50 <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top gainers </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top losers </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.45% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">State Bank of India </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.66% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Britannia Industries </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.04% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPL </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.36% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Power Grid Corp. </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.94% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Axis Bank </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.07% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Life </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.76% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr. Reddy's Laboratories </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.89% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.64% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Finserv </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.80% </td></tr></tbody></table> Source: NSE, as on May 10, 2023 Earlier on Tuesday, both the benchmark indices rose in mid-market trading, with Sensex crossing the 62,000 mark for the first time since December. However, by markets close, both the indices pared their gains to end flat. Gold prices edged up to ₹61,410 per 10 grams while silver stood at ₹77,455 per kilogram. Crude oil prices gained as well, with Brent crude prices hovering at $76.9 per barrel. <cmsannotation type="cmsannotation" annotationid="Global cues negative" comment="subhead" text="Global cues negative">Global cues negative</cmsannotation> Markets globally offered negative cues on Wednesday. US markets closed lower ahead of key inflation data, with Dow Jones closing 0.17% lower while S&amp;P 500 fell 0.46%. The tech-heavy Nasdaq closed 0.63% in the red. Asian markets were largely in the red on Wednesday morning, with Shanghai Composite falling the most at 1.12%, followed by Taiwan Weighted which was down 0.85%. Hang Seng fell 0.62%, while Nikkei 225 was down 0.44%. KOSPI was down only 0.15%. <cmsannotation type="cmsannotation" annotationid="Stocks to watch" comment="subhead" text="Stocks to watch">Stocks to watch</cmsannotation> Earnings today: <keyword id="6354919" type="General" weightage="20" keywordseo="lt" source="Orion">L&amp;T</keyword>, Dr Reddy’s Laboratories, Godrej Consumer Products, Gujarat Gas, Relaxo Fotwears, Bosch, Escorts, Cera Sanitaryware, JBM Auto, Orchid Pharma, Pricol among companies to release its March quarter earnings today. Nazara Technologies: The gaming company reported an 18% increase in consolidated net profit at ₹2.6 crore for March quarter while revenue from operations surged 65% on year to ₹289 crore. It has also increased stake in Nextwave Multimedia, developers of World Cricket Championship, to 71.88% from 52.38%. <keyword id="76451" type="General" weightage="100" keywordseo="adani" source="Orion">Adani</keyword> group: Three Adani group entities, namely <keyword id="4343578" type="General" weightage="20" keywordseo="adani-green" source="Orion">Adani Green</keyword>, <keyword id="895682" type="General" weightage="20" keywordseo="adani-ports" source="Orion">Adani Ports</keyword> &amp; SEZ, and <keyword id="2687606" type="General" weightage="20" keywordseo="adani-transmission" source="Orion">Adani Transmission</keyword> have been removed from a UN-backed list of green companies. Further, the committee set up by the Supreme Court to look into the Hindenburg allegations has submitted its report to the court. SpiceJet: The airline has submitted a request to the aviation regulator to deregister three aircraft. Currently, many aircraft of the low cost carrier are grounded due to various reasons. Apollo Tyres: The company has reported a four fold increase in net profit at ₹427 crore while revenue from operations rose 12% on year to ₹6,247 crore. Reliance Industries: The Delhi High Court on Tuesday dismissed a petition filed by the Union government against a consortium led by the company regarding a gas dispute in the Krishna Godavari basin. Eveready Industries: The battery and lighting products manufacturer has narrowed its loss to ₹ 14 crore as against a loss of ₹38 crore last year. Meanwhile, its revenue increased 18% to ₹286 crore from ₹242 crore last year. SEE ALSO: <a href="https://www.businessinsider.in/finance/banks/news/india-china-amongst-top-gold-buyers-in-march-quarter-as-central-banks-hoard-yellow-metal/slidelist/100103402.cms">India, China amongst top gold buyers in March quarter as central banks hoard yellow metal</a> <a href="https://www.businessinsider.in/business/auto/news/fy23-scorecard-tvs-motor-fares-better-than-bajaj-auto-hero-motocorp-on-profits-and-margins/articleshow/100082560.cms">FY23 Scorecard: TVS Motor fares better than Bajaj Auto, Hero MotoCorp on profits and margins</a>

Sensex, Nifty50 edge lower after a positive opening: SBI, Axis Bank among top losers

<ul><li>Over 400 of 550 wall tile plants running mainly on coal gasifiers have been closed post the National Green Tribunal (NGT) ban on ceramic units in Morbi, Gujarat. </li><li>Given that, the tile manufacturing units are now considering to switch to natural gas as an alternate. </li><li>Nearly 70% of total output in the <keyword id="1547959" type="PERSON" weightage="20" keywordseo="Ceramic-Industry">ceramic industry</keyword> in India comes from Gujarat alone. </li></ul>Soon after the National Green Tribunal (NGT) banned ceramic units running on coal gasifiers in Morbi, Gujarat, the tiles industry has witnessed a major hit. Largely impacted by the ban, the tile manufacturing units have <a href="https://realty.economictimes.indiatimes.com/news/allied-industries/ngts-order-banning-coal-gasifiers-in-morbi-to-adversely-impact-tile-industry-icra/68373711">shut down</a>, switching to natural gas as an alternate. The switch, however, may increase fuel expenses for the manufacturers considering the PNG prices. Hope floats that this would close the price gap between unorganised players in Morbi and branded tile makers like Kajaria Ceramics, Somany Ceramics, Cera Sanitaryware, and Asian Granito and help these companies gain market share. According to media reports, of the 800 ceramic units in total, over 400 wall tile plants running majorly on coal gasifiers have been closed so far owing to shortage of raw material that has been impacting the operation costs for these units. The Morbi ceramic industry had expected a huge growth. In fact, the industry is reportedly planning to establish 50 new wall tiles manufacturing plants. After the ban on March 6, the production has reportedly <a href="https://timesofindia.indiatimes.com/city/ahmedabad/after-ngt-crackdown-450-ceramic-units-prepare-to-switch-to-gas/articleshow/68365929.cms">dropped</a> by 60%-70%. "Among these units, those most affected will be the wall tile and soluble salt tile manufacturers as they were meeting nearly their entire thermal energy requirements through coal gasifiers," Suprio Banerjee, vice president and head, Mid-Corporate ratings of ICRA reportedly said. India being the third largest ceramic producer in the world has been eyeing the global market. Given the fact that nearly <a href="https://www.businessinsider.in/ceramic-industry-to-double-turnover-by-2021-thanks-to-real-estate-affordable-housing/articleshow/68217546.cms">70% of total output</a> in the ceramic industry comes from Gujarat alone, the new regulations may also affect the large ceramic players. The ceramic industry is equally bifurcated into two — organised players comprising large ceramic producers and unorganised players. While for the unorganised players, tighter tax compliance and stretched working capital requirements has put forth an urgent need to raise prices by nearly 15%–20% due to raw material shortage, the organised players are still projecting a positive graph, benefitted either by market share or margin, Edelweiss Securities said in a report. See also: <a href="https://www.businessinsider.in/ceramic-industry-to-double-turnover-by-2021-thanks-to-real-estate-affordable-housing/articleshow/68217546.cms">The world's third largest ceramic industry is banking on India's love for gaudy tiles</a>

Over 400 tile makers in one area in Gujarat have shut down after a ban on coal gasifiers

<keyword id="4533468" type="UNKNOWN" weightage="100" keywordseo="ekansh-mittal">Ekansh Mittal</keyword> is not just a 29-year-old trader from Kanpur who makes some money in the <a href="http://www.businessinsider.in/India-has-an-overcrowded-stock-market-but-continues-to-pull-money-from-Nomura/articleshow/58611978.cms">stock market</a>. In fact, keeping a close eye on potentially money-spinning shares, he holds shares the prices of which have surged up to 1,700% in last six years. Also read: <a href="http://www.businessinsider.in/Money-is-pouring-into-one-of-the-worlds-biggest-stock-markets-at-a-record-pace/articleshow/58646216.cms">Money is pouring into one of the world's biggest stock markets at a record pace</a> With an ability to spot potential shares that turn big in smallcap and midcap segments, Mittal picks easy-to-understand businesses that can generate high returns on capital employed (RoCE). As of now, he holds stocks of Cera Sanitaryware, Wim Plast, and Acrysil, among others. Shares of these three companies, which he spotted 2011, have delivered 1,700%, 1,400% and 500% returns, respectively. He is still holding these stocks. Also read: <a href="http://www.businessinsider.in/GDP-to-grow-over-7-5-in-2017-18-says-Finance-Secretary-Ashok-Lavasa/articleshow/58645633.cms">GDP to grow over 7.5% in 2017-18, says Finance Secretary Ashok Lavasa</a> However, his journey in the share market has not been all highs and no lows. He lost money with IPCA Labs and <keyword id="25562" type="ENTERTAINMENT" weightage="100" keywordseo="eros">Eros</keyword> International because of not being clear about the gravity of the <a href="http://www.businessinsider.in/Trump-is-promising-big-changes-at-the-FDA-heres-how-drugs-are-approved-today/articleshow/57236412.cms">USFDA</a>-related issues for IPCA labs, and accounting policies of Eros International. Other than losing money he invested, he also remembers not investing in Ajanta Pharma, Caplin Point, Astral Poly Technik and La Opala RG, even though he had realised their potential. Also read: <a href="http://www.businessinsider.in/No-more-waiting-period-for-banks-to-start-loan-recovery/articleshow/58624831.cms">No more waiting period for banks to start loan recovery</a> Talking about his strategy to picking stocks, he said that after screening stocks on the basis of financial performance, “We compare it to peers to get an overview of the overall industry and understand industry dynamics in more detail. Lastly, we try and reach out to the management through one-on-one meetings, AGMs or through conference calls but the focus is not to get future guidance but to improve our overall understanding of the business and the various variables involved.” Ekansh has a fondness for market legends like Raamdeo Agrawal, Howard Marks, Sanjay Bakshi and Vijay Kedia, taking interest in their interviews and following them. “These are all giants of the investing field and there’s so much to learn from their experiences, both good and bad,” he told <a href="http://economictimes.indiatimes.com/markets/stocks/news/just-29-this-kanpur-based-trader-is-making-a-killing-on-d-st-and-how/articleshow/58679475.cms">ET</a>. (Image source Dainik Bhaskar)

Everyone could learn some tricks of Dalal Street from this 29-year old stock trader

The <keyword id="35450" type="COMPANY" weightage="100" keywordseo="insurance">Insurance</keyword> software services provider rose 6.5 percent to 350 rupees after it bagged a contract from QBE North America to develop a strategic enterprise platform. 
 
HCL INFOSYSTEMS LTD.: The Hardware supplier fell 2.3 percent to 58.65 rupees after it reported a consolidated net loss of 49.2 crore rupees in the first quarter compared with a loss of 45.26 crore rupees in the year ago quarter. 
 
TALWALKARS BETTER VALUE FITNESS LTD.: Gymming chain rose 3 percent to 273 rupees after it announced a tie up with Power World Gyms, a chain based out of Colombo. Talwalkar acquired 49.5 percent stake in Power World Gyms in an all cash deal. 
 
BLUE DART EXPRESS LTD.: The logistics company rose 1.3 percent to 7,696 rupees and hit a fresh record high after second quarter net profit surgedf 75 percent to 53.8 crore rupees and total income rose 12 percent to 651 crore rupees. 
 
SHRIRAM TRANSPORT FINANCE:. The NBFC lender which finances mainly trucks gained 0.8 percent to 940 rupees after the Reserve Bank of India withdrew its restrictions on purchases made by foreign institutional investors in the stock. 
 <keyword id="6354924" type="PERSON" weightage="100" keywordseo="Idea-Cellular">IDEA CELLULAR</keyword> LTD.: The mobile services provider fell 8.7 percent to 138.35 rupees after its first quarter net profit fell 13 percent sequentially to 809 crore rupees and total revenue dropped 1.2 percent to 8,689 crore rupees over the previous quarter. 
 
CERA SANITARYWARE LTD.: Dropped 8.8 percent to 2,040 rupees on profit booking after reporting quarterly earnings. Cera said its second quarter net profit rose 14 percent to 17.9 crore rupees and Sales rose 13 percent to 225 crore rupees. The stock had earlier hit an intra-day high of 2,298 rupees on the Bombay Stock Exchange. 
 
BHARTI INFRATEL LTD.: The mobile infrastructure provider fell 4.1 percent to 392 rupees on profit booking after it reported earnings. Bharti Infratel's second quarter profit jumped 25 percent to 579 crore rupees and Sales grew 4 percent to 3,037 crore rupees. 
 
(Image credits: Indiatimes)

A good day for Insurance stocks at the markets today

India Inc has seen a healthy improvement in operating profit margins in the quarter to March, led by IT companies that have reported an eight-quarter high expansion owing to easing of manpower costs, according to an analysis by ET Intelligence Group of the first 100 companies which have announced results. The analysis does not include banking and <keyword id="25455" type="ORGANIZATION" weightage="40" keywordseo="finance">finance</keyword> companies since they have different reporting norms and also petroleum companies because their sheer size will have a disproportionate influence on the aggregates. 
 Yet, the aggregate net profit of the companies, at 16.5% of net sales, is the highest over the past eight quarters. The group’s revenues grew to Rs108,880 crore, an acceleration of 13.9% over the previous year and faster than the 12.7% growth posted in the previous quarter but slower than the July-September quarter that saw a sharp depreciation in <keyword id="6355302" type="ORGANIZATION" weightage="40" keywordseo="Rupee">rupee</keyword> and significantly benefitted IT players. The share of other income, or the income from non-business sources such as <keyword id="6362476" type="ORGANIZATION" weightage="40" keywordseo="investments">investments</keyword>, rose sequentially to 13.9% of the group’s gross profit, or profit before depreciation, interest &amp; tax (PBDIT). 
 
Ten Companies Doubled Profits 
 
Ten companies posted more than double profits for the quarter. Hyderabadbased Oil Country Tubular, which supplies drilling pipes to petroleum producers, posted the biggest jump (of 65 times) in its quarterly profit to Rs14.9 crore following a mammoth 2,450-basis points increase in operating profit margins. 
 In all, 43% of the companies reported an expansion in operating profit margins compared with the year-ago period. <keyword id="144504" type="COMPANY" weightage="40" keywordseo="Tata-Metaliks">Tata Metaliks</keyword>, <keyword id="80005" type="CITY" weightage="40" keywordseo="Tata-Elxsi">Tata Elxsi</keyword>, Reliance Industrial Infra, Biocon and UPL were among the significant gainers during the period. 
 Two-thirds of the companies reported growth in net sales over the previous year. Power transmission and distribution player <keyword id="315689" type="COMPANY" weightage="40" keywordseo="Emco">Emco</keyword> posted the highest sales growth of 93.8% to Rs328 crore while Eimco Elecon, Granules India, Liberty Shoes and Cera Sanitaryware were some of the other companies that reported high revenue growth.

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