Asian stocks fell back Wednesday as investors continued to weigh the likelihood of a partial U.S.-China trade deal.
Oil ended slightly lower amid concern that U.S. President Donald Trump may expand his trade offensive, multiplying the economic headwinds already threatening global energy demand.
🎯 News & Impact 🎯
🎯 News & Impact 🎯
Results Updates :
🎯 Coal India (Q2, YoY) :
Revenue down 6.9 % to Rs 20,382.6 crore.
Net profit up 14.2 % to Rs 3,522.7 crore.
🎯 Britannia (Q2, YoY) :
Revenue up 6.2 % to Rs 3,048.8 crore.
Net profit up 33.4 % to Rs 404.2 crore.
🎯 Adani Ports and SEZ (Q2, YoY) :
Revenue up 8.2 % to Rs 2821 crore.
Net profit up 74 % to Rs 1054 crore.
🎯 Hindalco (Q2, YoY) :
Revenue down 8.1 % to Rs 9965 crore.
Net profit down 74.7 % to Rs 78 crore.
🎯 Aurobindo Pharma (Q2, YoY) :
Revenue up 18 % to Rs 5600 crore.
Net profit up 5 % to Rs 640 crore.
🎯 MNGL :
Revenue up 3.7 % to Rs 861.6 crore.
Net profit up 59 % to Rs 270.6 crore.
🎯 Prestige Estates (Q2, YoY) :
Revenue up 46.6 % to Rs 196.27 crore.
Net profit up 53.8 % to Rs 15.72 crore.
🎯 Adani Gas (Q2, YoY) :
Revenue up 8 % to Rs 514.43 crore.
Net profit up 137 % to Rs 120.06 crore.
🎯 Adani Enterprises (Q2, YoY) :
Revenue down 6.9 % to Rs 8626.94 crore. Loss at Rs 49.50 crore versus profit at Rs 172 crore.
Negative for the stock. 👎
🎯 Sun TV (Q2, YoY) :
Revenue up 6.79 % to Rs 900.74 crore.
Net profit up 1 % to Rs 368.79 crore.
🎯 Repco Home (Q2, YoY) :
Net interest income up 6.47 % to Rs 115.95 crore.
Net profit up 51 % to Rs 100.6 crore.
🎯 Lupin :
Board approved divestment of entire equity stake (99.82 percent) in company’s Japanese step down subsidiary Kyowa Pharma to Unis Capital Partners’ entity Plutus at an enterprise value of JPY 57,361 million or Rs 3702.4 crore.
🎯 Tata Power :
Company's arm received a Letter of Award from Gujarat Urja Vikas Nigam Limited to develop a 50 MW solar project in Dholera Solar Park in Gujarat.
🎯 Indian Hotels :
Board approved acquisition of a hotel in Pune for Rs.108 crore.
🎯 Embassy Office Parks REIT :
Company has received an invitation of offer from Embassy Sponsor for potential sale of 6.2 million square feet of completed office premises and 2.5 million sq ft of under-construction area in Embassy TechVillage, Bengaluru.
🎯 Edelweiss Financial Services :
Company announced that PE firm Sanaka Capital along with co-investors will be investing up to $75 million into Edelweiss Global Investment Advisor, the group’s Investment Advisory business.
Positive for the stock. 👍
🎯 IL&FS :
Career Point Publications Pvt. Ltd. to purchase IL&FS Group’s education business.
🎯 Vinati Organics :
Board approved stock split in 1:2 ratio.
🎯 Deep Industries :
Company won two contracts worth Rs 20.25 crore and Rs 28.49 crore from ONGC.
🎯 TCS :
Company expands partnership with Phoenix Group, Europe's largest life and pensions consolidator, to drive the growth and transformation of the Standard Life business and meet the future needs of its customers, workplace clients and their advisers.
🎯 Avanti Feeds :
Company promoter G Venkatesh sold 50,000 shares from Nov. 7-8.
Negative for the stock. 👎
🎯 Ultratech Cement :
Company promoter Aditya Marketing and Manufacturing sold 2.5 lakh shares on Nov. 6.
Negative for the stock. 👎
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Edited by Sharp.
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