Asian markets are mixed at the start of a fresh trading week. Investors are finding encouragement in businesses reopening across major economies.
U.S. Federal Reserve has warned of a potential asset-price declines if the pandemic worsens.
Futures on the Dow Jones are trading higher by nearly 200 points after the benchmark ended with modest gains on Friday, trimming a weekly loss.
🎯 News & Impact 🎯
🎯 Cipla Q4FY20 :
Revenue down 1 % to Rs 4,376 crore Net profit down 33 % to Rs 246 crore.
🎯 L&T Technology Services Q4FY20 :
Revenue up 7.7 percent to Rs 1,446 crore Net profit up 6.9 percent to Rs 204.8 crore Ebitda up 8.1 percent to Rs 268.3 crore Ebitda margins flat at 18.5 %
🎯 Tata Chemicals Q4FY20 :
Revenue down 7.2 percent to Rs 2,378.1 crore Net profit down 46 percent to Rs 184.7 crore Ebitda down 10.4 percent to Rs 400.2 crore Ebitda margin at 16.8 percent from 17.4 %
🎯 Reliance Industries :
General Atlantic to buy 1.34 % stake in Jio Platforms amounting to Rs 6,598 crore. General Atlantic values Jio Platforms at an equity value of Rs 4.91 lakh crore and an Enterprise Value of Rs 5.16 lakh crore. General Atlantic becomes the fourth investor in Jio Platforms in less than a month.
Positive for the stock. 👍
🎯 Gail :
company has stalled LNG imports at the Ratnagiri port.
🎯 Godrej Consumer Products : Increases stake in Canon Chemicals to 100 % from 75 %. The stake increase has been done for a sum of Rs 106.5 crore.
🎯 Persistent Systems :
Awarded a multi-year contract by a leading U.S.-based multi-cloud enterprise software company.
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