Asian stocks were mixed at the open on Friday to cap off what’s been the best week since January 2019.
U.S. stocks continued their relentless push higher even as the economic impact from the deadly coronavirus remains murky. The S&P 500 Index’s four-day rally hit 3.7 percent as major equity benchmarks added to all-time highs.
U.S. stocks continued their relentless push higher even as the economic impact from the deadly coronavirus remains murky. The S&P 500 Index’s four-day rally hit 3.7 percent as major equity benchmarks added to all-time highs.
🎯 News & Impact 🎯
Major Results Today :
Britannia, NTPC, UPL, Tata Steel
🎯 Hero MotoCorp (Q3, YoY) :
Revenue fell 11 % to Rs 6,996.73 crore.
Net profit rose 14.5 % to Rs 880.41 crore.
🎯 NMDC (Q3, YoY) :
Revenue fell 17.6 % to Rs 3,006.4 crore Net profit fell 12.7 % to Rs 1,376.4 crore
🎯 Aurobindo Pharma (Q3, YoY) :
Revenue rose 11.9 % to Rs 5,895 crore.
Net profit fell 1 % to Rs 705.5 crore.
🎯 Indraprastha Gas (Q3, YoY) :
Revenue rose 10.2 % to Rs 1,664.2 crore. Net profit rose 43.4 % to Rs 283.9 crore.
🎯 GSK Consumer Healthcare (Q3, YoY) :
Revenue rose 3.8 % to Rs 1,158.9 crore. Net profit rose 25.1 % at Rs 276.6 crore.
🎯 Trent (Q3, YoY) :
Revenue rose 45.3 % to Rs 988.3 crore.
Net profit rose 21.7 % to Rs 53.9 crore.
🎯 Bata India (Q3, YoY) :
Revenue rose 6.5 % to Rs 830.8 crore.
Net profit rose 14.9 % to Rs 118.3 crore.
🎯 United Bank Q3 :
Net profit at Rs 113.6 crore versus loss of Rs 1,139.3 crore,
NII at Rs 819.4 crore versus Rs 380 crore, YoY
Positive for the stock. 👍
🎯 Bharti Airtel :
Department of Telecommunications approves the merger of the consumer mobile operations of the Tata group with Bharti Airtel.
Positive for the stock. 👍
🎯 Sundaram Finance :
Company completed the sale of its entire 10 % stake in Equifax for Rs 92 crore to EFX Holdings.
🎯 Adani Enterprises :
Company’s arm signed a memorandum of understanding with Airbus to explore opportunities for collaboration in the area of aircraft services for the Indian and South Asian markets.
🎯 Wipro :
Company won a multi-year strategic IT deal from Marelli, which is a global Tier-1 automotive technology supplier.
🎯 Mahindra & Mahindra :
The European Union has cleared Ardour Automotive-Mahindra & Mahindra-Ford Deal.
🎯 Emami :
Kolkata-based diversified conglomerate Emami Group announced on Thursday that it had entered into a binding agreement with Nuvoco Vistas Corp, part of the Nirma group, for divesting its 100 % equity stake in Emami Cement for an enterprise value of Rs 5,500 crore.
🎯 Pidilite Industries :
Company promoter Rashmikant Parekh sold 77,800 shares from Feb. 4-5.
Negative for the stock.
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Edited by Sharp.
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