Markets in Asia have opened with modest gains at the start of the new trading week after a strong close on Wall Street last Friday.
Central Bank action will be crucial this week as the U.S. Federal Reserve and the European Central Bank will join the Bank of Japan to announce policy decisions to combat the Covid-19 pandemic.
🎯 News & Impact 🎯
Results Today : Adani Power, HDFC Life Insurance, Ambuja Cements
Results Updates :
🎯 ICICI Prudential Q4 YoY and FY20
Gross premium rises 5 % to Rs 10,647 crore.
Net profit down 31 % to Rs 179 crore
VNB Margins rise to 21.7 % in FY20 from 17 percent in FY19.
Increase in protection mix aids VNB margins.
Protection mix at 15.1 % of APE in FY20 from 9.3 % in FY19
13th month persistency at 83.2 % in FY20
Annualised premium equivalent down 5 percent to Rs 7,381 crore in FY20
AUMs in FY20 at Rs 1,52,968 lakh crore
Embedded Value grew 7 % in FY20 to Rs 23,030 crore
Maintains guidance to double FY19 VNB within four years
Value of New Business (VNB) rose 21 % in FY20 to Rs 1,605 crore.
Guidance Positive for the stock. 👍
🎯 Mindtree Q4FY20 :
Revenue in U.S. Dollar terms up 1.2 percent to $278.4 million.
Revenue in rupee terms up 4.3 % to Rs 2,050.5 crore.
Net profit up 4.7 % to Rs 206.2 crore
Ebitda up 5.6 % to Rs 323.6 crore.
🎯 Granules India :
Company gets US FDA approval for Trospium Chloride capsules.
Positive for the stock. 👍
🎯 BEML :
Company bagged orders worth Rs 398 crore from Coal India.
🎯 Apollo Tyres :
Warbug Pincus converted 5.4 crore convertible preference shares into 3.15 crore shares through an encumbrance on April 22. The total shares amount to 31.65 percent stake. Post this acquisition, Warbug Pincus now holds 40.6 % stake vs 8.92% earlier in the company.
🎯 Natco Pharma :
Gets Establishment Inspection Report (EIR) from the U.S. FDA for its formulation facility in Kothur.
🎯 Goa Carbon :
Production for March fell 71 percent in terms of quantity to 6,011.4 MT while it fell 81 percent in value to Rs 9.8 crore.
🎯 Apollo Pipes :
Starts billing for three plants in Uttar Pradesh, Gujarat and Karnataka. Manufacturing operations shall begin in a phased manner.
🎯 JK Cement :
Gets Government approval to commence operations at its manufacturing facilities in Rajasthan, Madhya Pradesh, Haryana and Gujarat.
🎯 India Cements :
Resumed operations of few of its plants in a phased manner.
🎯 Reliance Power, Reliance Capital and Reliance Infrastructure :
Axis Trustee Services, a security trustee of HDFC, invoked a pledge on 6.97 % shares of Reliance Power, 6.43 % shares of Reliance Capital and 8.21 % shares of Reliance Infrastructure.
🎯 Zee Media Corporation :
IDBI Trusteeship, a security trustee of HDFC acquired 5.26 % shares of the company pursuant to invocation of pledge.
🎯 IIFL Finance :
Exchanges permit listing and commencement of trading for 5.86 crore equity shares of Rs 2 each of IIFL Finance allotted to shareholder of IIFL pursuant to a composite scheme of arrangement.
🎯 Adani Ports :
Promoters Gautam S Adani and Rajesh Adani on behalf of SB Adani Family Trust released pledge on 37.50 lakh equity shares held in the company.
Positive for the stock. 👍
🎯 JSW Steel :
Promoter JSW Techno Projects Management revoked pledge of 5.73 lakh shares on April 21.
Positive for the stock. 👍
🎯 JSW Energy :
Promoter JSW Investments revoked pledge of 6.24 lakh shares on April 21.
Positive for the stock. 👍
🎯 Emami :
Promoters revoked pledge of 1.9 crore shares between April 21-22.
Positive for the stock. 👍
🎯 Zuari Agro Chemicals :
Promoter Zuari Global revoked pledge of 30 lakh shares on April 22.
Positive for the stock. 👍
🎯 Adani Green Energy :
Promoter Adani Trading Services revoked pledge of 2 lakh shares on April 23.
Positive for the stock. 👍
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.
No comments:
Post a Comment