Monday, 27 April 2020

28th April, 2020 Morning Brief

Market will open on a flat note today after a consolidation.

Asian markets are mixed at the start of trade on Tuesday morning after Wall Street saw modest gains overnight.

Markets in Japan have opened lower, while those in South Korea are trading with gains. Australian shares continue to remain subdued. Futures on the S&P 500 have slipped into the red after the benchmark closed at its highest level since March 10.

🎯 News & Impact 🎯 

Results Updates 

🎯 IndusInd Bank Q4FY20 :
Net Interest Income up 44.7 % compared to last year at Rs 3,231.2 crore. 
Net profit down 16.2 % year-on-year to Rs 301.8 crore. 
Gross NPA at 2.45 % Vs 2.18 % in Q3FY20. 
Net NPA at 0.91 % Vs 1.05 % in Q3FY20. 

🎯 UPL
Completes the acquisition of Yoloo Bio-Tech. The acquisition was announced on November 14. 

🎯 Indiabulls Real Estate
Senior management has decided to take pay cuts up to an average of 50 percent for FY21. 

🎯 HDFC Life Q4FY20 & FY20 :
Gross Premium up 3 % to Rs 10,615 crore. 
Net profit down 14 % to Rs 312 crore VNB Margins for FY20 at 25.9 percent from 25 % 13th month persistency for FY20 at 88 % from 84 %. 
AUM growth of 1 percent to Rs 1,27,226 crore. 

🎯 Adani Power Q4FY20 :
Revenue down 8.2 % to Rs 6,172.4 crore. 
Net loss of Rs 1,313 crore as compared to a net profit of Rs 634.6 crore. 
Other income of Rs 1,356 crore in base quarter Ebitda down 66.4 % to Rs 204.5 crore. 

🎯 Ambuja Cements :Q1CY20 Revenue down 3.4 percent to Rs 2,827.5 crore. 
Net profit down 6.5 percent to Rs 399.1 crore. 
Ebitda up 30.2 percent to Rs 603.2 crore. 
Ebitda Margin at 21.3 percent from 15.8 percent


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