Market to open on higher side as SGX Nifty trading up with 30 points, in line with global markets.
🎯 News & Impact 🎯
Results today: Wipro, M&M Financial Services, LIC Housing Finance, Can Fin Homes, ICICI Prudential Life Insurance, IDFC Bank, Indian Bank, International Paper, Kewal Kiran Clothing, Nucleus Software Exports, Persistent Systems, Swaraj Engines, Tayo Rolls, Welspun India, Zee Learn, Zensar Technologies.
🎯 Reliance Industries
Standalone Net Profit Up 1.6% At Rs.8,151 Cr Vs Rs.8,022 Cr (QoQ).
Standalone Total Income Up 12% At Rs. 74,598 Vs Rs.66,606 Cr (QoQ).
Reliance Industries post market hours of Monday reported a 12.3 per cent increase in quarterly net profit as its giant refinery was more than twice as profitable as its Singapore peers and petrochemical margins were robust. The company exuded optimism about future growth from ongoing projects, its nascent telecom venture and the rapidly growing retail network.
Positive for the stock. 👍🏻
🎯 Rallis India :
Net Profit Down 10.1% At Rs.31 Cr Vs Rs.34.5 Cr (YoY).
Total Income Down 1.1% At Rs.366.7 Cr Vs Rs.370.6 Cr (YoY).
Negative for the stock. 👎🏻
🎯 Indiabulls Housing Finance :
Net Profit Up 24.4% At Rs.840.5 Cr Vs Rs. 675.5 Cr (YoY).
Calculated NII Up 14.7% At Rs.1,192.3 Cr Vs Rs.1,039.3 Cr (YoY).
The company says Average Loan Size At Rs.24 Lakh
Positive for the stock. 👍🏻
🎯 Went :
Net Profit Up 23.8% At Rs.2.6 Cr Vs Rs.2.1 Cr (YoY).
Total Income Up 9.7% At Rs.40.7 Cr Vs Rs.37.1 Cr (YoY).
Positive for the stock. 👍🏻
🎯 ONGC :
ONGC plans to invest $ 11 billion to boost gas production. ONGC plans to put into production its gas blocks in the KG Basin and Ratna and R-Series oilfields in Mumbai offshore by 2019.
🎯 Eros Media :
Parent company sells 5.72 lakh shares.
Negative for the stock. 👎🏻
🎯 Infosys and TCS:
In a statement, Nasscom said that Tata Consultancy Services (TCS) and Infosys had received 7,504 visas which is only 8.8 per cent of the total approved H-1B visas in FY 2015.
🎯 Bharti Airtel:
Company plans to soon enter the home automation or smart home segment with its Internet of Things (IoT) and machine-to-machine solutions in a move aimed at expanding its revenue base, allowing users to control elements such as lighting, heating, air conditioning, music and security systems through smartphones.
🎯 SH Kelkar :
The company acquires of Fragrance Encapsulation Technology.
🎯 PNC Infra :
Financial Closure for the project of four laning / two laning with paved shoulders from 0.00 km to 83.453 km of Dausa-Lalsot-Kauthun section of NH-11 A.
🎯 JM Financial :
Buyback of upto 10% of equity capital.
🎯 Strides Shasun :
Completion of US FDA inspection at the API Facility of the Company at Cuddalore with Zero 483 observations.
🎯 Essel Propack :
Issuance of Commercial Paper of Rs.20 Crore.
🎯 Reliance Communications : Shareholders give nod to Rcom Aircel merger.
🎯 Parsvanath :
SC ordered Parsvanath to provide habitable flats in two weeks.
🎯 Tata Power :
May sell cross holdings after Mundra tariff order.
🎯 Pokarna :
To Consider Sub-division Of Shares On May 8.
🎯 Biocon :
Board To Meet On April 27 To Consider Bonus Issue.
Positive for the stock. 👍🏻
🎯 DCB Bank :
Sets QIP Floor Price At Rs 177.39/Share.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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