Markets are likely to open on a flat note on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
On the daily chart, suggesting a weak closing on Nifty.
🎯 News & Impact 🎯
Major Results Today :
Balmer Lawrie Investments, Inox Wind, Dr Lal PathLabs, NDTV, Nestle, PNB Housing Finance, Relaxo, Titan and Ucobank.
Results Updates
🎯 Asian Paints :
Cons Net Profit Up 10.1% At Rs.479.6 Cr Vs Rs.435.5 Cr (YoY).
Cons Revenue Up 8.9% At Rs.4,416.2 Cr Vs Rs.4,054 Cr (YoY).
Positive for the stock. 👍
🎯 Igarashi Motors :
Net Profit Down 3.8% At Rs.17.9 Cr Vs Rs. 18.6 Cr (YoY).
Revenue Up 1.4% At Rs.128.4 Cr Vs Rs. 126.6 Cr (YoY).
Negative for the stock. 👎
🎯 GSK Consumer Health :
Net Profit Up 8.5% At Rs.176 Cr Vs Rs. 162.2 Cr (YoY).
Total Income Up 1.4% At Rs.1,208.8 Cr Vs Rs.1,192.2 Cr (YoY).
Recommends Dividend Of Rs.70/Share.
Positive for the stock. 👍
🎯 Glenmark Pharma :
Cons Net Profit Up 23.5% At Rs.183.7 Cr Vs Rs.148.8 Cr (YoY).
Cons Revenue Up 6.5% At Rs.2,457.2 Cr Vs Rs.2,306.7 Cr (YoY).
US Sales Up 53.5% At Rs.1,000.4 Cr Vs Rs. 652 Cr (YoY).
India Sales Up 6.9% At Rs.576.9 Cr Vs Rs. 539.8 Cr (YoY).
Latin America Sales Down 44.6% At Rs. 134 Cr Vs Rs.241.6 Cr (YoY).
Europe Sales Down 15.1% At Rs.229.8 Cr Vs Rs.270.5 Cr (YoY)
🎯 Force Motors :
Net Profit Down 25.3% At Rs.54.9 Cr Vs Rs.73.5 Cr (YoY).
Total Income Down 6.9% At Rs.958.6 Cr Vs Rs.1,030.5 Cr (YoY).
Negative for the stock. 👎
🎯 VIP Clothing :
Net Profit At Rs.1.1 Cr Vs Loss Of Rs. 7.5 Cr (YoY).
Total Income Up 52.7% At Rs.58.8 Cr Vs Rs.38.5 Cr (YoY).
Positive for the stock. 👍
🎯 Pennar Eng. :
Net Profit Down 39.3% At Rs.8.8 Cr Vs Rs. 14.5 Cr (YoY).
Revenue Up 8.7% At Rs.163.3 Cr Vs Rs. 150.2 Cr (YoY).
🎯 Infosys :
Infosys has delayed salary increases to at least July and even later for senior employees.
🎯 Arvind :
Global brokerage Credit Suisse maintained ‘Outperform’ rating on Arvind Ltd with a target price of Rs 450.
🎯 Idea :
CCI Orders Investigation On Rel Jio's Complaint Alleging Cartelisation.
🎯 Max India :
To Buy 3.75% Stake In Max Healthcare For Rs.212 Cr
To Issue 1.93 Cr Warrants To Promoters At Rs.154.76 Each
Promoters To Shareholding In Co To Increase To 45.12% Post Transaction.
Max India to raise funds by issuing warrants to , Mr. Analjit Singh amounting to Rs. 300 cr at Rs. 154.76.
🎯 Kotak Mahindra Bank :
QIP Issue Opens At Rs 930-936/Share; To Raise Around Rs.5,800 Cr
To Sell 3.37% Stake Or 6.20 Cr Shares Via QIP. Uday Kotaks Stake Will Decline To 30.8% Vs 31.8% Post QIP.
🎯 TVS Motors :
TVS Motor announces alliance with MASESA (Mayor Servicios Socieda Anonima), a Guatemala based company that is a leader in the commercialization of motorcycles and Tuk Tuks in the Central American region.
🎯 Vakrangee :
The company announces alliance with indian railway catering and tourism corporation limited (irctc) for offering railway e-tickets booking through vakrangee kendra.
Positive for the stock. 👍
🎯 Capital First :
BM on May 18th, to consider issue of NCD.
🎯 Nestle & HUL :
These companies have envinced interest in buying controlling stake in Havmor Ice Cream Ltd.
🎯 ICICI Pru :
AMC to raise Rs.700 cr to buy preleased, rent generating properties in Bangalore.
🎯 United Bank of India :
The bank looks to raise upto Rs.1000 cr of capital.
🎯 Reliance Infrastructure :
Reliance Infra wins arbitration award against Delhi Metro Rail Corp Amounting To Rs. 2,950 crore.
Positive for the stock. 👍
🎯 Delta Corp :
Approves Opening QIP Issue; Floor Price At Rs.162.78/Share.
🎯 Camlin Fine :
Board To Consider Raising Rs.250 Cr Via Equity/Debt On May 19.
🎯 Essar Oil :
Sources Say Rosnefts Purchase Of Essar Oil Held Up As 6 Indian Lenders Yet To Approve Deal.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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