SGX Nifty trading flat with marginal gains. So market will open flat. Asian markets are in red. US stocks ended with marginal gains, but the Nasdaq Composite ended at a record high on Thursday, boosted by results-related gains in Comcast, PayPal, and Intuit, while the S&P 500 and the Dow were little changed.
🎯 News & Impact 🎯
Major Results Today :
Ambuja Cements, Aditya Birla Money, CEAT, Deepak Nitrite, Federal Bank, IDFC Ltd, Kesoram Industries, Kitex Garments, Navin Fluorine, Raymond, Supreme Industries, UPL Ltd, Uttam Galva Steels, Coromandel International.
Niti Aayog pegs GDP to grow 8%
Niti Aayog on Thursday said that India will get back to over 8 percent growth as it proposed a host of reforms, including a reduction in corporate tax to 25 percent and uniform import duty at 7 percent. 👍
🎯 Biocon Q4 :
Consolidated net profit down 61.9 % at Rs.127.5 crore versus Rs.333 crore (YoY).
Consolidated total income down 2.7% at Rs.931.1 crore versus Rs.956.7 crore (YoY).
Negative for the stock. 👎🏻
🎯 Ujjivan Financials :
Consolidated net profit down 56% at Rs. 19.3 crore versus Rs.43.9 crore (QoQ).
Consolidated NII down 33.3 percent at Rs.152.8 crore versus Rs.229 crore (QoQ).
Negative for the stock. 👎🏻
🎯 Mahindra CIE :
Net profit up 9.2 % at Rs.16.6 crore versus Rs.15.2 crore (YoY).
Total income up 14.4 % at Rs.512.5 crore versus Rs.447.8 crore (YoY).
Positive for the for the stock. 👍
🎯 Kokuyo Camlin :
Net profit up 20.8 % at Rs 2.9 crore versus Rs 2.4 crore (YoY).
Total income up 9 % at Rs.193 crore versus Rs.177.1 crore (YoY).
Positive for the stock. 👍
🎯 Reliance Capital :
Net profit up 99.5 % at Rs. 417 crore versus Rs. 209 crore (QoQ).
Total income up 27.6 % at Rs.5,033 crore versus Rs.3,945 crore (QoQ).
Positive for the stock. 👍
🎯 Indiabulls Real Estate :
Net profit up 18.8 % at Rs.79.8 crore versus Rs 67.2 crore (YoY).
Total income down 38.4 % at Rs.437 crore versus Rs.709 crore (YoY).
Positive for the stock. 👍
🎯 Indiabulls Ventures :
Net profit at Rs.54.1 crore versus Rs. 2.4 crore (YoY).
Total income up 26.6 % at Rs.117.7 crore versus Rs.93 crore (YoY).
Positive for the stock. 👍
🎯 Motilal Oswal Financial Services :
Net profit up 91.1 % at Rs.90.2 crore versus Rs. 47.2 crore (YoY).
Total income up 70.1 % at Rs.516.9 crore versus Rs.303.9 crore (YoY).
Positive for the stock. 👍
🎯 Prism Cement :
Gets letter of intent from MP government for allotment of cement grade limestone mining lease. Mining lease is for 50 years with reserves of 23.6 Mt.
Positive for the stock. 👍
🎯 Vascon Engineers :
Approves issuing compulsorily convertible debenture (CCDs) of up to Rs. 110 crore via private placement.
🎯 ITDC :
Signs MoU to transfer its 51 percent stake in MP Ashoka Hotel to MP Government. Signs MoU to transfer hotel Bharatpur Ashok to Rajasthan Government.
Positive for the stock. 👍
🎯 Kotak Mahindra Bank :
To buy out entire 26 % stake of Old Mutual in Kotak Life for Rs.1,292.7 crore.
🎯 Edelweiss :
CRISIL assigns rating of A1 to the proposed short term debt issue of Edelweiss financial.
🎯 HDFC Bank :
To raise Rs.5,000 crore via perpetual bond sale.
🎯 Suzlon :
Chairman Tulsi Tanti says company on the verge of exiting corporate debt restructuring.
Positive for the stock. 👍
🎯 ONGC :
The company makes 23 oil & gas discoveries.
Positive for the stock. 👍
🎯 Precision Camshafts :
CARE revises rating to A and A1 for Precision Camshafts.
🎯 Ashok Leyland :
National Company Law Tribunal (NCLT), Chennai approves the scheme of amalgamation of Hinduja Foundries with Ashok Leyland.
🎯 Sun TV :
Launches 24 hours Malayalam -'Surya Comedy channel'
🎯 Cosmo Films :
Launches low noise tapes.
🎯 HCC :
Brookfiled eyes HCC's road projects worth Rs.1,500 crore.
🎯 TBZ, PC Jeweller, Titan in focus as today is Akshaya Tritya Day.
🎯 Jindal Stainless :
Board approves issue of non-convertible debentures (NCDs) worth Rs.600 crore.
🎯 Indraprastha Gas :
Board approves increasing FPI investment limit to 30 % from 24 %.
Positive for the stock. 👍
🎯 Hatsun Agro :
Board approved raising Rs.500 crore via QIP issue.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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