5th May, Morning Brief

Markets are likely to open in red, tracking Nifty futures on the Singapore Stock Exchange and mixed Asian cues. 
In overnight trade, US’s Dow Jones Industrial Average fell 11.35 points to close at 20,946, the S&P 500 gained 1.33 points to end at 2,389 and the Nasdaq Composite added 3.24 points to settle at 6,075.

🎯 News & Impact 🎯

🎯 Major Results Today :
Eicher Motors, Apollo Tyres, Cognizant, BSE Limited, Equitas Holdings, Shankara Building Products, GNA Axles, NIIT Technologies, Atul, Blue Dart Express, Firstsource Solutions, Dalmia Bharat Sugar Industries, Firstsource Solutions, Sanofi India, Great Eastern Shipping, Monsanto India, Rain Industries, Orient Cement, Indag Rubber, NGL Fine Chem, Apcotex Industries, Shoppers Stop, Sun Pharma Advanced Research Company, Transformers Rectifiers India, Universal Cables, Visaka Industries, P&G Hygiene & Health Care.

🎯 Tata Communications :
Net loss at Rs.260.8 crore versus profit of Rs 1,413.4 crore (QoQ).
Loss from continuing ops at Rs. 982.4 crore versus profit of Rs.1.3 crore (QoQ).
Revenue down 1.5 % at Rs.4,293.7 crore versus Rs 4,360.1 crore (QoQ).
Negative for the stock. 👎

🎯 Wockhardt :
Consolidated net loss at Rs.174.7 crore versus loss of Rs.5.4 crore (YoY).
Consolidated total income down 14.5 % at Rs. 863.5 crore versus Rs.1,010.3 crore (YoY).
Negative for the stock. 👎

🎯 MCX :
Net profit down 50.7 % at Rs.21.9 crore versus Rs.44.4 crore (YoY).
Total income up 3.5 % at Rs.62.6 crore versus Rs 60.5 crore (YoY).
Negative for the stock. 👎

🎯 L&T Finance :
Net profit up 33.3 % at Rs.315.8 crore versus Rs. 236.9 crore (YoY).
NII up 20.9 % at Rs.1,004.6 crore versus Rs. 830.6 crore (YoY).
Positive for the stock. 👍

🎯 HCC :
Net profit down 4.1 percent at Rs. 20.9 crore versus Rs.21.8 crore (YoY).
Total income up 13.6 % at Rs.1,358.3 crore versus Rs. 1,196 crore (YoY).
Negative for the stock. 👎

🎯 L&T Infotech :
Net profit up 2.6 % at Rs.254.5 crore versus Rs. 248 crore (QoQ).
Rupee revenue up 0.6 % at Rs.1,677.2 crore versus Rs. 1,666.7 crore (QoQ).
Dollar revenue up 3.6 % at USD 254.1 million versus USD 245.1 million (QoQ).
Positive for the stock. 👍

🎯 Emami :
Consolidated net profit up 1.5 % at Rs. 83.3 crore versus Rs.82.1 crore (YoY).
Consolidated total income down 4.4 % at Rs.577.7 crore versus Rs.604.3 crore (YoY).
Negative for the stock. 👎

🎯 IIFL Holdings :
Net profit up 36.7 % at Rs.186.4 crore versus Rs.136.4 crore (YoY).
Total income up 27.7 % at Rs.1,400.9 crore versus Rs.1,096.6 crore (YoY).
Positive for the stock. 👍

🎯 Oberoi Realty :
Net profit up 50.4 % at Rs.101.8 crore versus Rs. 67.7 crore (YoY).
Total income up 25.9 % at Rs.289.6 crore versus Rs.230.1 crore (YoY).
Positive for the stock. 👍

🎯 Gallantt Ispat :
Net profit up 75.6 % at Rs.7.2 crore versus Rs. 4.1 crore (YoY).
Total income down 31.1 % at Rs.100.4 crore versus Rs.145.8 crore (YoY).
Positive for the stock. 👍

🎯 Gallantt Metals :
Net profit down 53.4 % at Rs.5.5 crore versus Rs 11.8 crore (YoY).
Total income up 3.3 % at Rs.179.9 crore versus Rs.174.2 crore (YoY).
Negative for the stock. 👎

🎯 Astec Life :
Net profit down 37.5 % at Rs.3.5 crore versus Rs. 5.6 crore (YoY).
Total income up 8.3 % at Rs.90.5 crore versus Rs. 83.6 crore (YoY).
Negative for the stock. 👎

🎯 Force Motors :
April domestic sales at 1,664 units.
April production at 1,779 units.

🎯 Jet Airways :
To offer 24 % discount on base fare on all bookings on Friday.

🎯 Amtek Auto :
Lenders are contemplating initiating process to seek investment in company.

🎯 Coal India :
The company considering London Stock Exchange listing.

🎯 ONGC :
The company says Mariposa-1 well, electric log analysis indicates presence of 120ft of oil in the lower sands unit.

🎯 Varun Beverages :
The company has set up a new unit for manufacturing of Pepsi range of products at district Hardoi, Uttar Pradesh.
Positive for the stock. 👍

🎯 Wipro :
Wipro joins Enterprise Ethereum Alliance as founding member to develop enterprise-grade blockchain solutions.

🎯 Praj Industries :
Praj Ind to unveil India's first integrated bio-refinery for renewable fuels & chemicals.

🎯 Strides Shasun :
Stride shasun exits from probiotics business and African generics manufacturing business.

🎯 Indian Bank :
Indian bank reduced the base rate from 9.65 % to 9.45 %.
Positive for the stock. 👍

🎯 Sunteck Realty :
The company says CARE assigns rating of A stable.

🎯 ITC :
ITC to consider partnership model for hospitals venture.

🎯 JP Associates :
Jaiprakash Associates defaults in payments.
Negative for the stock. 👎

🎯 Wockhardt :
Wockhardt plans to raise Rs.2,200 crore through equity and debt.

🎯 SH Kelkar :
SH Kelkar board to consider buyback on May 12.

Edited by Sharp.
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