Market likely to open with a positive note tracking SGX Nifty is trading up by 19 points. US markets closed into green and Asian markets are also up by half percent in morning trades.
🎯 News & Impact 🎯
🎯 Wipro :
IT Services Revenue At Rs.13,402 Cr. Guidance: See Q1 IT Services Revenue Growth At $1,915 m-1,955 m. Approves Bonus Issue In The Ratio of 1:1.
Reappoint Azim Premji As Chairman For 2 Years.
Positive for the stock. 👍
🎯 LIC Housing Finance :
Net Profit Up 18.1% At Rs.529.2 Cr Vs Rs. 448 Cr (YoY).
NII Up 24.5% At Rs.1,073 Cr Vs Rs.862.1 Cr (YoY).
Gross NPA At 0.43% Vs 0.45% (QoQ).
Net NPA 0.14% Vs 0.22% (QoQ).
Loan Disbursement Up 15% YoY.
Positive for the stock. 👍
🎯 Persistent Systems :
Cons Net Profit Down 11% At `72.7 Cr Vs Rs.81.8 Cr (QoQ).
Cons Revenue Down 2.5% At `727.1 Cr Vs Rs.745.5 Cr (QoQ).
Negative for the stock. 👎
🎯 Nucleus Software :
Cons Net Profit Up 40.3% At Rs.22.3 Cr Vs Rs.15.9 Cr (QoQ).
Cons Total Income Up 0.6% At Rs.93.7 Cr Vs Rs.93.1 Cr (QoQ).
Positive for the stock. 👍
🎯 M&M Financial :
Net Profit Down 32.4% At Rs.278.2 Cr Vs Rs.411.3 Cr (QoQ).
NII Up 14.8% At Rs.1,320.7 Cr Vs Rs.1,150.7 Cr (QoQ).
Gross NPA At 9% Vs 11.1% (QoQ).
Net NPA At 3.6% Vs 5.2% (QoQ).
🎯 ICICI Prudential :
Net Profit Down 9.2% At Rs.408.2 Cr Vs Rs.449.8 Cr (QoQ).
First-year Premium Up 18.6% At Rs.2,111.3 Cr Vs Rs.1,780.9 Cr (QoQ).
Gross Premium Income Up 31.9% At Rs.7579.5 Cr Vs Rs.5,746.1 Cr (QoQ).
Claims Paid Up 63.5% At Rs.4,902 Cr Vs Rs.2,997.7 Cr (QoQ).
🎯 IDFC Bank :
Net Profit Up 6.6% At Rs.176 Cr Vs Rs.165.1 Cr (YoY).
NII Up 20.5% At Rs.502.1 Cr Vs Rs. 416.8 Cr (YoY).
Gross NPA At 2.99% Vs 7.03% (QoQ).
Net NPA At 1.14% Vs 2.57% (QoQ).
🎯 Reliance Industries:
Reliance Jio Infocomm is expected to pursue its pricing strategy of sharp discounts and complimentary services for the next 12-18 months in a bid to garner about 15 per cent of India's wireless subscribers, a move that will continue to hurt rivals, analysts said.
🎯 Tata Consultancy Services :
The company has launched an Aadhaar-enabled payment platform that allows retailers to integrate payments across multiple channels, such as credit or debit card, Aadhaar-based and phone based payments, through a single interface.
🎯 Eicher Motors:
VE Commercial Vehicles, a joint venture between Volvo AB and Eicher motors, would invest Rs.500 crore to make trucks that comply with the latest emission norms after India skipped a stage in the chronologically progressive set of standards monitoring automobile pollution.
🎯 Suzlon :
Allotment of 1,67,50,807 equity shares to FCCB holders.
CARE assigns A1 rating for commercial paper issue of Rs.50cr.
🎯 Indian Hotels :
Shapoor Mistry resignes as a Director with immediate effect.
🎯 Adani Ports :
Signs JV with France's CMA CGM to operate Container Terminal at Mundra Port.
🎯 Mercator :
Commenced drilling of a new exploratory well in Cambay Basin Gujarat.
🎯 VA Tech Wabag :
Says Liquidation of wholly owned Spain Subsidiary.
🎯 Transpek Industry :
Crisil upgrades rating to FA/Stable from FA-/Stable.
🎯 Rajkumar Forge :
Ind-Ra assigns IND A -(SO)/Stable.
🎯 Satin Creditcare :
CARE assigns A2, BBB to various debt instruments.
🎯 Veerhealth Care :
Introduces Dantveer health toothpaste starts manufacturing at Changodar Facility.
🎯 Vascon Engineers :
Lodha group looks to buy up to 15% in Vascon Engineers at premium to current price.
Positive for the stock. 👍
🎯 NTPC :
Raises 2000cr through Masala binds.
🎯 ONGC :
In focus as OVL looking for risk sharing pact to drill hydrocarbon block at S china sea.
🎯 Usha Martin :
Board sacks non-executive chairman Prashant Jhawar.
👉 Stocks in F&O ban: ADANIENT, BANKINDIA, HDIL, IBREALEST, ICIL, INFIBEAM, JINDALSTEL, JPASSOC, JSWENERGY, RCOM, TV18, UJJIVAN
Edited by Sharp.
© Sharp Investment & Financial Advisers
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