Market will open positively tracking SGX Nifty which is trading up with 30 points.
🎯 News & Impact 🎯
Major Results Today :
Asian Paints, Force Motors, Glenmark Pharma, Granules, IT'D Cementation and MT Educare
🎯 HCL Technologies :
The IT giant reported a 12.3 % sequential growth in net profit at Rs.2,325 crore for the March quarter.
Its revenue for the quarter rose 2 % QoQ at Rs.12,053 crore. On year-on-year basis, net income rose 20.8 % on 12.7 % rise in sales.
Positive for the stock. 👍
🎯 Hindalco :
Hindalco: Novelis Inc, an overseas subsidiary of Hindalco, announced 46 % jump in net income at $73 million during the fourth quarter ended March 2017. Novelis grew its fourth quarter fiscal 2017 net income 46 % to $73 million, and increased full year net income by 78 % to $233 million.
Novelis sells 50 % stake in S korea arm for USD 351mn.
Positive for the stock. 👍
🎯 Heromotocorp :
Net Profit Down 13.9 % At Rs.717.8 Cr Vs Rs. 833.3 Cr (YoY).
Total Income Down 7.7 % At Rs.7,488.1 Cr Vs Rs.8,111.2 Cr (YoY).
Revenue Impact Due To Discount On BS-III Sales Is Rs 193.28 Cr.
Negative for the stock. 👎
🎯 Siemens :
Standalone Net Profit Down 1 % At Rs. 186.2 Cr Vs Rs.188.1 Cr (YoY).
Standalone Total Income Up 5.2 % At Rs. 3,051.2 Cr Vs Rs.2,900.7 Cr (YoY).
Negative for the stock. 👎
🎯 Trident :
The company reported 63.6 % increase in net profit to Rs.99.7 crore for the fourth quarter ended March 2017. The home textiles and paper products maker had posted a net profit of Rs 60.9 crore in the year-ago period, it said in a statement.
Positive for the stock. 👍
🎯 Poly Medicure :
Net Profit Down 7.6 % At Rs.13.3 Cr Vs Rs.14.4 Cr (YoY).
Total Income Up 10.7 % At Rs.119.9 Cr Vs Rs.108.3 Cr (YoY).
Negative for the stock. 👎
🎯 Panasonic Carbon :
Net Profit Down 18.2 % At Rs.2.7 Cr Vs Rs. 3.3 Cr (YoY)
Total Income Down 13.9 % At Rs.9.9 Cr Vs Rs.11.5 Cr (YoY)
Negative for the stock. 👎
🎯 Dalmia Bharat :
Net Profit Up 94.2 % At Rs.184.1 Cr Vs Rs. 94.8 Cr (YoY).
Total Income Up 15.4 % At Rs.2,433.2 Cr Vs Rs.2,109.2 Cr (YoY).
Positive for the stock. 👍
🎯 Vardhaman Textiles :
Cons Net Profit Down 3.2 % At Rs. 158.6 Cr Vs Rs 163.9 Cr (YoY).
Cons Total Income Up 8.9 % At Rs. 1,608.5 Cr Vs Rs.1,477 Cr (YoY).
🎯 KEI Industries :
Cons Net Profit Up 57.3 % At Rs.98.3 Cr Vs Rs.62.5 Cr (YoY).
Cons Total Income Up 12.5 percent At Rs. 2,836.6 Cr Vs Rs.2,520.4 Cr (YoY).
Positive for the stock. 👍
🎯 Caplin Point :
Cons Net Profit At Rs.33.4 Cr Vs Rs.15.6 Cr (YoY).
Cons Revenue Up 44.2 % At Rs.118.1 Cr Vs Rs. 81.9 Cr (YoY).
Positive for the stock. 👍
🎯 SML Isuzu :
Net Profit Down 46.7 % At Rs.8.9 Cr Vs Rs.16.7 Cr (YoY).
Total Income Up 16.2 % At Rs.371.1 Cr Vs Rs.319.3 Cr (YoY).
Negative for the stock. 👎
🎯 Sical Logistics :
Cons Net Profit Up 75.3 % At Rs.16.3 Cr Vs Rs.9.3 Cr (YoY).
Cons Total Income Up 17 % At Rs.262.3 Cr Vs Rs.224.1 Cr (YoY).
Positive for the stock. 👍
🎯 MIC Electronics :
Cons Net Loss At Rs. 7.4 Cr Vs Loss Of Rs.12.8 Cr (YoY).
Cons Total Income Up 6.3 % At Rs.66.1 Cr Vs Rs. 62.2 Cr (YoY).
Negative for the stock. 👎
🎯 Hikal :
Net Profit Up 23.4 % At Rs.27.4 Cr Vs Rs. 22.2 Cr (YoY).
Total Income Up 6.8 % At Rs.309.6 Cr Vs Rs.289.8 Cr (YoY).
Positive for the stock. 👍
🎯 M&M :
Mahindra & Mahindra (M&M) said that India Ratings and Research (Ind-Ra) has affirmed the company’s long-term issuer rating at IND AAA. The outlook is stable.
🎯 Inox Leisure :
Inox did not renewed license pact with Bruhat Bengaluru Mahanagara Palike.
Discontinued commercial operations of MG Road, Bengaluru Multiplex Cinema Theatre.
🎯 Edelweiss :
Edelweiss Financial Services said that ratings agency CRISIL has assigned the rating of 'CRISIL A1+' (CRISIL A one plus) to the proposed short term debt issue aggregating to Rs 5,000 crore of the company.
🎯 Tata Motors :
Global wholesales for April at 73,691 down 9 % YoY.
Global wholesales for Jaguar at 41,923 units.
🎯 Union Bank :
Bank plans to raise a total of Rs.6,350 crore by selling bonds and shares in FY18 as it looks to shore up capital to be ready for an acquisition if the government decides to merge small public sector banks with itself.
🎯 Kamdhenu :
Outlook revised from Negative to Stable by CRISIL.
Positive for the stock. 👍
🎯 Edelweiss :
CRISIL assigns rating of CRISIL A1 ' for Short Term Debt Issue aggregating to Rs. 5,000 cr.
🎯 Varun Beverages :
Crisil upgrades rating to AA-/Stable, A1 for various tenors.
Positive for the stock. 👍
🎯 Tata Teleservices :
Total subscriber base at 84.9 lakh.
🎯 Quess Corp :
The board meeting on May 16 to consider fund raising.
🎯 Vakrangee :
Vakrangee announces alliance with first flight couriers limited through its wholly owned subsidiary.
🎯 Natco Pharma :
Natco launches genric blood cancer drug.
Positive for the stock. 👍
🎯 HDFC :
IFC to invest USD 200mn in co.
Positive for the stock. 👍
🎯 Century Textiles :
JK Paper looks to buy Century's paper business at valuation of 5000cr.
🎯 Claris Lifesciences :
Claris Lifesciences might exit pharma biz altogether, enter FMCG space
🎯 Indigo :
Indigo plans hub and spoke model for ATR fleet.
🎯 Bharti Airtel:
The telecom major will focus on cost controls and 4G data revenues and spend $2.5 billion in capex in a bid to stave off the stiff challenge posed by new entrant Reliance Jio Infocomm.
🎯 Orient Green Power:
The company announced that it had earlier signed a Share Purchase Agreement with Sindicatum Captive Energy Singapore towards sale of 100 per cent equity shares held in Orient Green Power (Maharashtra) (OGPML).
Edited by Sharp.
© Sharp Investment & Financial Advisers
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