Wednesday, 13 November 2019

14th November, 2019 Morning Brief

Market will open on a flat note after yesterday's slide.

Stocks in Asia opened mixed Thursday ahead of a slew of Chinese economic data and after a lacklustre session on Wall Street.

U.S. stocks edged higher, stalling below all-time highs as investors remained skittish about whether the U.S. and China will be able to hash out a partial trade deal.

🎯 News & Impact 🎯

Major Results Today :
Grasim Industries, ONGC, Vedanta, Bharti Airtel, SAIL

Results Updates :

🎯 Pidilite Industries (Q2, YoY) :
Revenue rose 2.8 % to Rs 1,806.6 crore.
Net profit rose 40 % to Rs 324.2 crore.

🎯 Blue Star (Q2, YoY) :
Revenue rose 21.1 % to Rs 1,249.5 crore. 
Net profit rose 93.4 % to Rs 37.9 crore.

🎯 RITES (Q2, YoY) :
Revenue rose 68.4 % at Rs 746.2 crore versus Rs 443 crore.
Net profit rose 2.2 times at Rs 232.6 crore versus Rs 107.7 crore.
Positive for the stock. 👍 

🎯 Bata (Q2, YoY) :
Revenue rose 7.3 % to Rs 722 crore.
Net profit rose 29.9 % to Rs 71.3 crore.

🎯 Cadila Healthcare (Q2, YoY) :
Revenue rose 13.7 % to Rs 3,366.6 crore.
Net profit fell 74.3 % to Rs 107.2 crore.

🎯 Bharat Heavy Electricals (Q2, YoY) :
Revenue fell 8.2 % to Rs 6226.9 crore.
Net profit rose 40.7 % to Rs 121.7 crore.

🎯 Muthoot Finance (Q2, YoY) :
Net interest income rose 35.1 % to Rs 1,631.5 crore.
Net profit rose 76.7 % to Rs 899.8 crore.

🎯 IRCTC (H1FY20, YoY) :
Revenue rose 3.8 % to Rs 972.6 crore.
Net profit rose 14 % to Rs 172.2 crore.

🎯 NALCO (Q2, YoY) :
Revenue fell 22.3 % to Rs 2,363.6 crore.
Net loss at Rs 28.4 crore versus Net Profit at Rs 510 crore.
Negative for the stock. 👎

🎯 

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