27th April Morning Brief

Market will open with a flat note but may be volatile. Broader market will hit because of profit booking. But selected stocks like Maruti, HDFC Bank will may gain.
We advise to stay cautious on long positions.
All Asian markets are trading red. US markets were also closed in red last night.

🎯 News & Impact 🎯

Results today: Maruti Suzuki, Kotak Mahindra Bank, TVS Motor Company, Biocon.

🎯 Axis Bank :
Net Profit Down 43.1% At Rs.1,225.1 Cr Vs Rs.2,154.3 Cr (YoY).
NII Up 3.9% At Rs.4,728.9 Cr Vs Rs. 4,552.6 Cr (YoY).
Gross NPA At 5.04% Vs 5.22% (QoQ).
Provisions At Rs.2,581 Cr Vs Rs.1,168.3 Cr (YoY); Rs.3,795.8 Cr (QoQ).
Results are above street expectations.
Positive for the stock. 👍

🎯 Tata Sponge :
Cons Net Profit Up 61.8% At Rs.21.2 Cr Vs Rs.13.1 Cr (YoY).
Cons Total Income Up 19.9% At Rs.185 Cr Vs Rs.154.3 Cr (YoY).
Positive for the stock. 👍

🎯 Sterlite Technologies :
Cons Net Profit Up 29.6% At Rs.68.7 Cr Vs Rs.53 Cr (QoQ).
Total Income Down 3.4% At Rs.707.2 Cr Vs Rs.732.4 Cr (QoQ).
Positive for the stock. 👍

🎯 GIC Housing :
Net Profit Up 29.8% At Rs.46.6 Cr Vs Rs. 35.9 Cr (YoY).
NII Up 28% At Rs.99.7 Cr Vs Rs.77.9 Cr (YoY).
Positive for the stock. 👍

🎯 KPIT Tech :
Net Profit Down 27% At Rs.53.7 Cr Vs Rs. 73.6 Cr (QoQ).
Revenue Up 3.3% At Rs.858.4 Cr Vs Rs. 830.6 Cr (QoQ).
Negative for the stock. 👎🏻

🎯 Lakshmi Vilas Bank :
Net Profit Up 6.3% At Rs.52.2 Cr Vs Rs. 49.1 Cr (YoY).
Positive for the stock. 👍

🎯 Supreme Petrochem :
Net Profit Up 28.7% At Rs.69.9 Cr Vs Rs.54.3 Cr (YoY).
Total Income Up 4.9% At Rs.953.8 Cr Vs Rs.909.4 Cr (YoY).
Positive for the stock. 👍

🎯 Foseco India :
Net Profit Down 14.3% At Rs.7.2 Cr Vs Rs.8.4 Cr (YoY).
Total Income Up 11.8% At Rs.88.1 Cr Vs Rs.78.8 Cr (YoY).

🎯 Somany Ceramics :
Sanitaryware plant expansion complete, capacity increased from 3.03 lacs pieces per annum to 11.50 lacs pieces per annum (3.7x).

🎯 Cadila:
Zydus receives final approval from the USFDA for Cholestyramine for Oral Suspension USP (A Cholesterol-lowering Agent).
Positive for the stock. 👍

🎯 Petron Engineering :
Receives Work Order from M/, for Building Structure Works at Goregaon (West) for a total Value of Rs. 110cr.
Positive for the stock. 👍

🎯 Inox Leisure :
The company commenced operations at Multiplex Cinema, Pune - 4 screens and 662 seats.

🎯 Union Bank :
Ind-Ra assigns IND AA/Stable rating to Basel III bonds.

🎯 NSE IPO likely to be delayed. 👎🏻

🎯 Jubliant Life Sciences :
Considering Singapore listing of pharma unit. Zee Entertainment forays into Latin America.

🎯 Apollo tyres :
Enters European truck,bus radial tyre market.

🎯 L&T, HCC bidders for 3500 cr for Mumbai Coastal Road Project.

🎯 Godrej :
Enters pact with Taj for mixed use deal.

🎯 L&T, Reliance defence - MOD to seek fresh bids from L&T, Reliance for 20000 cr warship project.

Edited by Sharp.
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