Index Trends And Stocks In Action May 20, 2015

The Indian Equity Markets ended lower on profit booking as traders and investors looked to capitalize on the gains of previous two trading sessions. Rate-sensitive stocks witnessed profit taking as consolidation was seen in markets. However, Information technology stocks witnessed smart gains. On the daily chart the index has formed a potentially gravestone doji candlestick pattern, this pattern suggests that buyers are exhausting at current levels. Now going forward the index has strong resistance in zone of 8456-8465. On the downside important support for index is placed around level of 8320 and next support is around level of 8270.

Pidilite Industries reported 10.34% increase in its consolidated profit at Rs 80.64 crore in Q4FY15 as against net profit of Rs 73.08 crore in the same period of last year. The company's net sales on a consolidated basis also increased 5.27% to Rs 1,037.44 crore during the January-March quarter as against Rs 985.47 crore a year ago.

Sonata Software posted Rs 134 crore consolidated net profit for 2014-15, as against Rs 78 crore in the previous fiscal, registering a whopping 72% growth. Consolidated net profit for Q4 increased 48% to Rs 35 crore from Rs 24 crore in like period year ago, but declined sequentially 2% from Rs 36 crore in third quarter. Similarly, consolidated revenue for Q4 grew 15% to Rs 393 crore from Rs 341 crore in same period year ago but dipped sequentially 16% from Rs 467 crore in Q3.

AIA Engineering reported 5.8% decline in its consolidated profit at Rs 112.7 crore in Q4FY15 as against net profit of Rs 119.6 crore in the same period of last year. The company's net sales on a consolidated basis increased 4.9% to Rs 604.8 crore during the January-March quarter as against Rs 576.7 crore a year ago.