31st January, 2019 Morning Brief

A positive opening can be seen today in the market supported by global markets.

Asian markets are trading up backed by  US markets which surged on Wednesday after the Federal Reserve signaled to put further interest-rate increases on hold.

Again Nifty50 took a U turn above 10600 mark amid the volatility ahead of Derivative contracts' expiry today and a budget season tomorrow.

Major Results Today :

Bharti Airtel, Hero MotoCorp, UPL, Vedanta, PowerGrid 

🎯 News & Impact 🎯

Results Updates :

🎯 ICICI Bank (Q3, YoY) :
Net interest income up 20.5 % at Rs. 6,875.2 crore.
Net profit down 2.75 % at Rs.1,604.9 crore.
Provisions at Rs.4,244.2 crore Vs Rs. 3,569.2 crore.
GNPA at 7.75 % versus 8.54 % (QoQ). NNPA at 2.58 % versus 3.65 % (QoQ).

🎯 NTPC (Q3 Standalone, YoY) :
Revenue up 16.1 % at Rs.2,4120.4 crore.
Net profit up 1 % at Rs.2,385.4 crore.
Ebitda up 24.7 % at Rs.6,579.9 crore.
Margin at 27.3 % versus 25.4 %.
Board recommends bonus issue in the ratio of 1:5.

🎯 BEL (Q3 Standalone, YoY) :
Revenue up 8.4 % at Rs.2.716.5 crore.
Net profit up 67.6 % at Rs.507.6 crore.
Ebitda up 72.5 % at Rs.768.1 crore.
Margin at 28.3 % Vs 17.8 %.
Positive for the stock. 👍

🎯 Torrent Pharma (Q3) :
Revenue up 40 % at Rs.2,051 crore.
Net profit up 4.2 times at Rs.246 crore.
Ebitda up 56 % at Rs.561 crore.
Margin at 27.3 % versus 24.5 %.
Positive for the stock. 👍

🎯 LIC Housing Finance (Q3, YoY) :
Net interest income up 42 % at Rs.1,084.3 crore.
Net profit up 25.5 % at Rs.596.3 crore.
Positive for the stock. 👍

🎯 Castrol (Q4CY18, YoY) :
Revenue up 6.5 % at Rs 1,033.4 crore.
Net profit up 40.9 % at Rs 211.9 crore.

🎯 Ashoka Buildcon Q3 :
Profit rises 32.3 % to Rs.62.2 crore Vs Rs.47 crore;
Revenue jumps 61.6 % to Rs.1,065 crore Vs Rs 658.9 crore YoY.

🎯 Cholamabdam Investment & Finance Q3:
Profit rises to 304.4 crore versus Rs.219.4 crore;
Revenue increases to Rs.1,830.7 crore versus Rs.1,389.4 crore YoY;
Gross NPA lower at 2.7 % versus 2.8 % and net NPA down at 1.5 % against 1.6 % QoQ.

🎯 AAVAS Financiers Q3 :
Profit jumps to Rs.56.3 crore Vs Rs.25.9 crore;
Revenue rises to Rs.194.8 crore Vs Rs. 125.66 crore YoY.
Positive for the stock. 👍

Key Data to be released today :

🎯 4:30pm: India fiscal deficit for April-December period.

🎯 5:30pm: India revised annual GDP estimate for FY18 YoY (prior 7.2 %).

🎯 Bharti Airtel :
Qatar Investment Authority to infuse $200 million in Bharti Airtel’s Africa unit. The investment authority will own less than 4 % stake in African unit.

🎯 Dredging Corporation of India :
Company lost appeal against Mercator by England Court, where the tribunal had passed an order to pay Rs 56.3 crore to Mercator.

🎯 Zydus Wellness :
Company completed 100 % acquisition of stake in Heinz India for Rs.4,667.4 crore.

🎯 Tata Metals :
Company received environmental clearance from Forest Ministry to increase hot metal production.

🎯 Container Corporation of India :
Company signed a memorandum of understanding with Russia based JSC Logistics for exploring logistics opportunities in Russia, India and international corridors.

Edited by Sharp.