Sentiment across Asian markets remains risk-off after Wall Street benchmarks plunged over 3 percent overnight. Companies continue to struggle to provide and outlook while energy markets remain highly volatile.
Crude oil prices have surged after falling by over 50 % in two sessions. West Texas Intermediate Crude for the June contract rose 20 percent to $13.93 per barrel.
Markets in Australia, South Korea and Japan have opened with losses, although they are shallower than those seen in the U.S.
🎯 News & Impact 🎯
🎯 ACC Q1CY20 : Revenue down 10.6 % to Rs 3,501.71 crore. Net profit down 5.5 percent to Rs 319.94 crore. Ebitda up 10.3 percent to Rs 585.85 crore. Ebitda Margin at 16.7 percent from 13.5 %.
🎯 Den Networks Q4FY20 : Revenue up 20.1 % to Rs 328 crore. Net profit of Rs 24.7 crore from Net loss of Rs 186.4 crore. Ebitda up 73.2 percent to Rs 64.1 crore. Ebitda Margin at 19.5 % from 13.6 %.
🎯 GTPL Hathway Q4FY20 : Revenue up 2 times to Rs 655.7 crore. Net loss narrows to Rs 13.6 crore from Rs 27.7 crore. Ebitda up 47.2 percent to Rs 113.8 crore. Ebitda Margin at 17.4 % from 24 %. Positive for the stock. 👍
🎯 Reliance Industries : Facebook says it plans to invest $5.7 billion or Rs 43,574 crore in Jio Platforms Ltd. The investment will make Facebook its largest minority shareholder. Positive for the stock. 👍
🎯 Vodafone Idea : Paid Rs 1,367 crore to the government towards license fee, spectrum usage charges for the January-March quarter, as per a PTI report.
🎯 Nestle India : All the manufacturing locations have received permission to operate and are now operating at scaled-down levels.
🎯 Federal Bank : Bank reported a 11 % growth in advances to Rs 1.24 lakh crore while deposits have grown 13 % to Rs 1.52 lakh crore on a year-on-year basis. The lender's Liquidity Coverage Ratio stood at 195.01 percent as of March 31.
🎯 Indian Oil Corporation : LPG sale between April 1-20 was 696.6 thousand metric tonnes, a growth of 19.6 % over the same period last year.
🎯 Adani Power : To be excluded from the F&O segment from June 26.
🎯 SBI Life Insurance : To be included in the F&O segment from May 4.
🎯 Jyothy Labs: Launched hand sanitiser as a product.
🎯 Kalpataru Power Transmission : Majority of the company’s international project sites have been operating at either full or partial capacities.
🎯 DCM Shriram : Sugar and fertilizer businesses are operating at full capacity.
🎯 Motherson Sumi Systems : Promoter Samwardhana Motherson revoked pledge of 50 lakh shares on April 17. Positive for the stock. 👍
🎯 Emami : Promoters created pledge of 1 crore shares on April 15. Negative for the stock.
🎯 Zee Learn : Promoter Jayneer Infrapower and Multiventures revoked pledge of 2.54 lakh shares on April 17. Positive for the stock.
🎯 Embassy Office Parks REIT : Promoter Embassy Property Developments released pledge of 4 lakh units on April 21. Positive for the stock. 👍
Edited by Sharp.
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