Wall Street ended slightly lower on Wednesday after the US Federal Reserve held interest rates unchanged following its two-day policy meeting and investors digested another heavy round of earnings reports. Asian markets are trading negative.
Market will open positively.
🎯 News & Impact 🎯
Major Results Today :
Cera Sanitaryware, Godrej Properties, HDFC, IIFL, MCX, MRF, Oberoi Realty and Tata Communications.
🎯 ICICI Bank :
Net Profit At Rs. 2,024.6 Cr Vs Rs.701.9 Cr (YoY).
NII Up 10.3% At Rs.5,962.1 Cr Vs Rs. 5,404.5 Cr (YoY).
Gross NPA At 7.89% Vs 7.20% (QoQ).
Gross NPA At Rs.42,551.5 Cr Vs Rs.38,085 Cr (QoQ).
Provisions At Rs.2,898.2 Cr Vs Rs.2,712.7 Cr (QoQ) Vs `3,326 Cr (YoY).
Recommend Bonus Shares In The Ratio Of 1:10.
Total Deposits Up 16% At Rs.4.90 Lakh Cr As On March 31.
Positive for the stock. 👍
🎯 V-Mart Retail :
Multi-brand retail chain V-Mart reported a standalone net profit of Rs. 4.99 crore for the fourth quarter ended March 31, 2017. It had posted a net profit of Rs.0.48 crore in the corresponding period of last fiscal.
Positive for the stock. 👍
🎯 Merck :
Drug firm Merc posted a 76.42 % increase in its net profit at Rs 14.82 crore for the quarter ended on March 31. The company had posted a net profit of Rs 8.40 crore during the January-March period a year-ago, Merck said in a BSE filing.
Positive for the stock. 👍
🎯 Shriram City :
The company on Wednesday reported over 78 per cent decline in standalone net profit to Rs 12.04 crore in the fourth quarter ended March 31
🎯 Sundaram Clayton :
Net Profit Down 56% At Rs.38.4 Cr Vs Rs. 87.3 Cr (YoY).
Total Income Up 0.1% At Rs.385.3 Cr Vs Rs.385.1 Cr (YoY).
Negative for the stock. 👎
🎯 Accelya Kale :
Cons Net Profit Up 0.9% At Rs.22.5 Cr Vs Rs.22.3 Cr (QoQ).
Cons Total Income Up 7.4% At Rs.94.6 Cr Vs Rs.88.1 Cr (QoQ).
🎯 Kaya :
Net Profit Down 84.6% At Rs.0.2 Cr Vs Rs.1.3 Cr (YoY).
Total Income Up 10.5% At Rs.112.8 Cr Vs Rs.102.1 Cr (YoY).
Negative for the stock. 👎
🎯 Zandu Realty :
Net Profit At Rs. 0.8 Cr Vs Rs. 1.5 Cr (YoY).
Total Sales At Zero Vs Rs.2.2 Cr (YoY).
Negative for the stock. 👎
🎯 L&T Tech :
Net Profit Down 11.1% At Rs.96.5 Cr Vs Rs.108.6 Cr (QoQ).
Total Income Up 0.2% At Rs. 812.3 Cr Vs Rs.810.4 Cr (QoQ).
Board Approves Acquisition Of US-based Esencia Tech.
L&T Technology Services announces agreement to acquire US-based Esencia Technologies.
Negative for the stock. 👎
🎯 TBZ :
Net Profit At Rs.5.6 Cr Vs Loss Of Rs.17 Cr (YoY).
Total Income Up 25.9% At Rs.384.2 Cr Vs Rs. 305.2 Cr (YoY).
Positive for the stock. 👍
🎯 Agro Tech :
Net Profit Up 1.4% At Rs.7.3 Cr Vs Rs.7.2 Cr (YoY).
Total Income Up 4.1% At Rs.206.1 Cr Vs Rs.197.9 Cr (YoY).
🎯 IG Petro :
Net Profit At Rs.28.1 Cr Vs Rs.12 Cr (YoY)
Total Income Up 34.9% At Rs.289.3 Cr Vs Rs.214.4 Cr.
Positive for the stock. 👍
🎯 Everest Ind :
Net Profit Up 18.5% At Rs.14.1 Cr Vs Rs. 11.9 Cr (YoY).
Total Income Down 4% At Rs.323.7 Cr Vs Rs. 337.3 Cr (YoY).
Positive for the stock. 👍
🎯 ITDC :
Approves Proposal To Sell Stake In 3 ITDC Hotels To states.
OKs Proposal To Sell Stake In ITDC Hotels At Bharatpur, Bhopal, Guwahati.
Positive for the stock. 👍
🎯 Reliance Communications :
Reliance Communications undersea cable arm Global Cloud Xchange has entered into an agreement with two other companies to provide cloud computing services.
🎯 Some Important Decisions Taken On The Banking Sector By The Cabinet.
Got President's Nod.
May announce details today.
Positive for banking, especially PSUs. 👍
🎯 Fortis :
TPG and GA forge healthy alliance to close in on fortis , SRL acquisition.
Positive for the stock. 👍
🎯 Infosys :
Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys and The Commercial Bank, Qatar's first private bank, along with its subsidiary and associates (Group) announced the successful completion of a pilot on the first ever cloud-based blockchain network to process international remittances.
Positive for the stock. 👍
🎯 Reliance Industries :
Reliance Corporate IT Park (RCITPL), a subsidiary of RIL announced that it has signed a memorandum of understanding (MoU) with SAP SE to launch ‘SARAL GST' solution for taxpayers in the GST regime. SARAL GST will leverage the expertise of RCITPL as GST Suvidha Provider (GSP) and SAP as Application Service Provider (ASP).
Positive for the stock. 👍
🎯 Bombay Burmah Trading Corporation :
The company announced that it has issued commercial paper for an aggregate amount of Rs.50 crore on 3 May 2017 for 86 days.
🎯 Amtek Auto :
Amtek auto, Metalyst forgings, castex technologies in focus: DA Capital, SSG eye control of 4 Amtek companies.
Positive for the stock. 👍
🎯 Tata Power :
CERC refuses relief to tata Power on PPA termination plea (Delhi distribution).
🎯 IOC :
IOC plans capex of 2000 cr to commission 1000 km pipeline in FY18.
🎯 GMR :
Says JV IN RACE FOR $800 MN AIRPORT PROJECT IN Philippines.
🎯 Arvind :
Board To Consider Issue Of NCDs Worth Rs.500 Cr Via Private Placement On May 11.
🎯 Brigade Enterprises :
Approves Allotment 2.19 Cr Equity Shares To QIBs At Issue Price Of Rs. 227.5/Share.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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