Market will open on a positive note today after yesterday's volatile session.
U.S. stock indexes were mixed and bonds advanced as the risk rally stalled below all-time highs amid mixed economic data and mounting concern over a partial trade deal.
India to release trade data for October
🎯 News & Impact 🎯
🎯 Bharti Airtel (Q2, YoY) :
Revenue rose 1.9 % to Rs 2,1131 crore.
Net loss was at Rs 23,045 crore versus net loss of Rs 2,866 crore.
Exceptional loss of Rs 28,450 crore during Q2 related to AGR dues.
Negative for the stock.
🎯 ONGC (Q2, QoQ) :
Revenue fell 7.8 % to Rs 24,492.6 crore.
Net profit rose 6.1 % to Rs 6,263.1 crore.
🎯 Apollo Hospital :
The company reported a year-on-year (YoY) net profit jump of 36 % at Rs 86.2 crore for the quarter ended September 30, 2019.
Positive for the stock. 👍
🎯 Vodafone Idea (Q2, QoQ) :
Revenue fell 3.8 % to Rs 10,844 crore.
Net loss was at Rs 50,922 crore versus net loss of Rs 4,874 crore.
Negative for the stock.
🎯 Glenmark Pharmaceuticals (Q2, YoY) :
Revenue rose 9.1 % to Rs 2,815 crore.
Net profit fell 38.3 % to Rs 255.5 crore.
🎯 SAIL (Q2, YoY) :
Revenue fell 15.6 % to Rs 14,129 crore.
Net loss was at Rs 286 crore versus net profit of Rs 609.8 crore.
Negative for the stock.
🎯 Reliance Infra Q2 :
Consolidated net profit up 21% at Rs 280.3 crore versus Rs 231.6 crore,
Revenue up 1.7% at Rs 5822.5 crore versus Rs 5726.3 crore, YoY.
Positive for the stock. 👍
🎯 Cipla :
Company received four observations from routine Current Good Manufacturing Practice inspection for both Formulation and API manufacturing facility at Patalganga by U.S. Food and Drug Administration.
Cautious over the stock.
🎯 SBI :
Board approved divestment of the Bank’s stake in SBI Cards up to 4 % through initial public offering by way of offer for sale of up to 3.73 crore shares.
🎯 Natco Pharma :
Company said that it’s FDF facility in Visakhapatnam has commenced commercial operations.
Positive for the stock. 👍
🎯 IRCTC :
Company hiked catering charges for meals served in Rajdhani, Shatabdi and Duronto trains.
🎯 Info Edge :
Company clarified that the company is not looking for its stake in Zomato via secondary sale as of now.
🎯 L&T Financial Services :
Company will sell its arm L&T Capital Markets (Middle East) for Rs 18.03 crore to InCred Group.
🎯 Adani Transmission :
Entire shareholding of REC Transmission Projects Company (RECTPCL), a wholly owned subsidiary of REC in Lakadia Banaskantha Transco & Jam Khambaliya Transco, transferred to Adani Transmission.
🎯 Bank of Baroda :
The Competition Commission of India has approved BNP Paribas MF and Bank of Baroda MF merger.
Positive for the stock. 👍
🎯 Prabhat Telecom :
Company signed two Non-Disclosure Agreement with two entities for development and sale of digital solutions. Company also commenced its telecom products distribution business in U.S.
🎯 Adani Green Energy :
Company bid to set up 4GW of solar power capacity and 1GW of equipment manufacturing.
🎯 Nirlon :
Company promoter Shital Trading & Interiors sold 25,000 shares on Nov. 13.
Negative for the stock.
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Edited by Sharp.
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