Asian markets are advancing for the second straight day, shrugging off rising tensions between U.S. and China.
Futures on the Dow Jones are trading higher by 334 points in the morning today after the benchmark ended little changed on Friday. Markets in the U.S. were shut on Monday due to a holiday.
🎯 News & Impact 🎯
Results Updates
🎯 HDFC Q4FY20 :
Net Interest Income up 13% to Rs 3,540 crore.
Net profit down 22% to Rs 2,232.5 crore.
Gross NPA at 1.99% from 1.36% in the previous quarter.
Provisions above regulatory requirement at Rs 10,988 crore.
Positive for the stock. 👍
🎯 Avenue Supermarts Q4FY20 :
Revenue up 23.1% to Rs 6,194 crore.
Ebitda up 11% to Rs 418 crore.
Ebitda margin narrows to 6.7% from 7.5%.
Net profit up 41% to Rs 287 crore.
🎯 JSW Steel Q4FY20 :
Revenue down 20% to Rs 17,887 crore.
Net profit down 84.8% to Rs 231 crore.
Ebitda down 33% to Rs 2,975 crore. Ebitda margin narrows to 16.6% from 19.8%
🎯 UPL Q4FY20 :
Revenue up 31% to Rs 11,141 crore
Net profit up 146.8% to Rs 617 crore
Ebitda up 54% to Rs 2,169 crore
Ebitda margin widens to 19.5% from 16.5%
Positive for the stock. 👍
🎯 IDFC First Bank Q4FY20 :
Net interest income up 40.5% to Rs 1,563.5 crore.
Net profit of Rs 71.5 crore from net loss of Rs 218 crore.
🎯 Bayer CropSciences Q4FY20
Revenue up 81.9% to Rs 458.7 crore
Net profit of Rs 31.5 crore from a net loss of Rs 57.1 crore
Ebitda gain of Rs 58.2 crore from an Ebitda loss of Rs 92.6 crore.
Positive for the stock. 👍
🎯 JSPL Q4FY20
Revenue down 13% to Rs 8,811 crore
Net profit of Rs 406 crore from net loss of Rs 2,146 crore
Ebitda up 20% to Rs 2,220.5 crore
Ebitda margin widens to 25.2% from 18.1%
Positive for the stock. 👍
🎯 Bhartiartl :
Promoters are going to sell nearly 15 crore shares through a block deal today.
Negative for the stock.
🎯 ITC :
Enters into a share purchase agreement to acquire Sunrise Foods for an undisclosed sum.
🎯 RITES :
Company signed Shareholders Agreement for acquiring 24% stake in Indian Railway Stations Development Corporation (IRSDC) for Rs 48 crore, with Rail Land Development Authority and IRCON International being the other equity partners.
🎯 Eicher Motors :
To consider a stock split and fourth quarter results on June 12.
Positive for the stock. 👍
🎯 JSW Steel & Tata Steel :
Fitch Ratings has downgraded the Issuer Default Ratings of both the companies to BB- from BB after a portfolio review.
Negative for the stocks.
🎯 HFCL :
Bags order worth Rs 175 crore from an integrator of data networks for supply of Optic Fibre Cable under the Bharat Net Phase-II program.
Positive for the stock. 👍
🎯 InterGlobe Aviation :
To fly more than 200 flights daily until May 31.
Positive for the stock. 👍
🎯 Solar Industries : Suspends operations of its detonator division at its Nagpur facility.
🎯 IFGL Refractories :
To begin construction of it's new facility in Andhra Pradesh.
🎯 NCC and Just Dial :
To be excluded from futures and options segment from July 31.
🎯 Aarti Drugs :
Promoters sold 50,000 shares on May 18.
Negative for the stock.
🎯 Cyient :
Promoter Bodanapu Reddy acquired 1 lakh shares between May 18-22.
Positive for the stock. 👍
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Edited by Sharp.
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