21st January, 2020 Morning Brief

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

Asian stocks drifted Tuesday in trading muted by yesterday’s U.S. holiday. Crude oil pared gains related to supply disruptions in Libya and Iraq.

European stocks edged lower on Monday as investors awaited a fresh batch of corporate earnings and some key central bank meetings this week. Activity was muted across most major markets because of a U.S. holiday.

🎯 News & Impact 🎯 

Major Results Today :

Zeel

🎯 Kotakbank :

A 24 % year-on-year (YoY) rise in standalone net profit at Rs 1,596 crore for the December quarter. 

The profit for the private lender stood at 1,291 crore in the same quarter last year.

Net Interest Income (NII) for the quarter rose 17 % to Rs 3,430 crore from Rs 2,926 crore in the same quarter last year.

Net interest margin (NIM) for the quarter expanded to 4.69 % from 4.31 % YoY.

🎯 Can Fin Homes (Q3, YoY) :

Net interest income rose 23.6 % to Rs 168.1 crore.

Net profit rose 40.6 % to Rs 106.6 crore.

Positive for the stock. 👍 

🎯 Bank of Maharashtra : 

The bank reported a net profit of Rs 135 crore in the quarter ended December against a net loss of Rs 3,764 crore in the year-ago period. 

On a quarter-on-quarter basis, the lender had reported a net profit of Rs 115 crore.

Positive for the stock. 👍 

🎯 Telecom Stocks : 

Telecom companies move to Supreme Court seeking permission to negotiate with the Department of Telecommunications on schedule for payment of Adjusted Gross Revenue dues.

🎯 NBCC : 

Company will provide consultancy for a project worth Rs 720 cr to Central Coalfield.

🎯 Bharti Airtel : 

Bharti Airtel and Google Cloud announced a partnership to serve small and medium businesses with digital solutions.

🎯 HG Infra Engineering :

Company received appointment date from National Highways Authority of India for its hybrid annuity mode project in Haryana. The company’s bid cost for the aforesaid project stood at Rs 580 crore.

🎯 NMDC : 

The company announced a hike of up to Rs 400 per tonne in the prices of lump ore and fines, marking the second increase in rates within a month.

🎯 NBCC :

Company received a letter of Acceptance from Central Coalfield for project management services worth Rs 720.32 crore in Jharkhand.

🎯 MOIL : 

Government holding in the company fell from 56.01 percent to 53.84 percent, due to equity shares tendered in the buyback offer on Jan. 16.

🎯 Kohinoor Foods :

Company default on loans from financial institutions and banks stand at Rs 668.63 crore as on Dec. 31.

🎯 

Source : bloomberg moneycontrol