Stocks in Asia were mixed after developments on Brexit sapped risk appetite, dragging U.S. shares lower with Treasury yield.
Stocks in U.S. and Europe declined and the pound sank after U.K. Prime Minister Boris Johnson lost a key vote to fast-track legislation.
Major Results Today :
Bajaj Auto, HCL Technologies, HeroMotoCorp, JSW Steel, Larsen & Toubr, HDFC Life, Biocon
🎯 News & Impact 🎯
Results Updates :
🎯 Axis Bank (Q2, YoY) :
Net interest income up 16.6 % to Rs 6,101.8 crore.
Net loss at Rs 112.1 crore versus net profit at Rs 789.6 crore.
Positive for the stock. 👍
🎯 Asian Paints (Q2, YoY) :
Revenue up 9.4 % to Rs 5,050.7 crore versus Rs 4,615.5 crore.
Net profit up 67.5 % at Rs 823.4 crore versus Rs.491.6 crore.
🎯 Bajaj Finserv (Q2, YoY) :
Revenue up 46.6 % to Rs.14,221.9 crore.
Net profit up 71 % at Rs.1203.7 crore.
🎯 ICICI Prudential Life Insurance (Q2, YoY) :
Gross Premium up 6.6 % to Rs 8,190.8 crore.
Net income up 1 % to Rs.301.9 crore.
🎯 RBL Bank (Q2, YoY) :
Net interest income up 46.5 % to Rs 868.7 crore.
Net profit down 73.4 % to Rs 54.3 crore.
Negative for the stock.
🎯 Lupin :
Received approval from the US health regulator to market its generic Divalproex Sodium extended-release tablets in the American market. The company has received approval from USFDA for its Divalproex Sodium extended-release tablets in the strengths of 250 mg and 500 mg.
Positive for the stock. 👍
🎯 Aurobindo Pharma :
Company gets US FDA nod for Carbidopa.
Positive for the stock. 👍
🎯 JMC Projects :
Company has secured new orders worth Rs 1,059 crore. The orders are for residential and commercial building projects in South and North India totalling Rs 782 crore and a water supply project worth Rs 277 crore in Jharkhand.
🎯 Bajaj Finserv :
Bajaj Life Insurance signed a corporate agreement with Axis Bank in September quarter.
🎯 Affle India :
Filed 14 patents in Singapore and the U.S. The newly filed 4 patents in Singapore power innovations in AI-driven intelligence and automation.
🎯 Linde India :
CCI approved divestment of the company’s south region business. Air Water Inc will purchase the surplus land at Chennai and Hyderabad and decommissioned the air separation unit at Hyderabad for Rs.1,380 crore.
Positive for the stock. 👍
🎯 Sterling & Wilson Solar :
Received a letter of intent for engineering, construction and procurement order for 1.09GW DC Solar Farm in the Middle East, valued at $635 million.
🎯 Jubilant Life Sciences :
Unit has received ANDA approval for Clomipramine Hydrochloride Capsules which is used for the treatment of OCDs.
🎯 Subros :
Production activities have started at its new plant in Ahmedabad based on customer approvals.
🎯 RITES :
Company signed MoU with Ghana to promote long term bilateral co-corporation in transport and infrastructure development projects in Ghana.
🎯 Infosys :
Rosen Law firm announced filing of securities claims against company.
🎯 Jindal Steel & Power :
Promoters hold a 60.4 % stake in the company, out of which 68.99 % stake is encumbered.
🎯 Amara Raja Batteries : Received a request letter from Johnson Controls (Mauritius) seeking their de-classification as the promoter of the company.
🎯 J. Kumar Infraprojects :
HDFC Mutual Fund increased stake to 7.5 % from 5.38 %.
🎯 Bajaj Consumer :
IDBI Trust sold entire stake (23.68 percent equity) in company from October 18-22.
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Edited by Sharp.
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