Asian shares rose on growing optimism about economic recovery globally. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 per cent. Australian shares rose 1.86 per cent, while Japan's Nikkei stock index rose 1.28 per cent to the highest since early March.
US stocks ended higher on Wednesday as investors weighed the possibility of normalizing economic activities. The Dow Jones Industrial Average surged 553.16 points, or 2.21 per cent, to 25,548.27. The S&P 500 rose 44.36 points, or 1.48 per cent, to 3,036.13. The Nasdaq Composite Index was up 72.14 points, or 0.77 per cent, to 9,412.36.
🎯 News & Impact 🎯
🎯 United Spirits Q4 :
Profit at Rs 58.4 cr versus Rs 123 cr, Revenue at Rs 6,419 cr versus Rs 7,283 cr YoY.
Ebitda down 4.3% to Rs 271.4 crore
Ebitda margin at 13.6% from 12.6%
🎯 Ujjivan Financial Services Q4FY20 :
Net Interest Income up 40.7% to Rs 496.2 crore.
Net profit up 48.5% to Rs 64 crore.
Provision for Covid-19 at Rs 70 crore.
Positive for the stock. 👍
🎯 India Grid Trust Q4FY20 :
Revenue up 93% to Rs 328.4 crore
Net profit doubles to Rs 299.3 crore
Distribution of Rs 3 per unit.
🎯 Adani Power :
Company said Madhya Pradesh Electricity Regulatory Commission has approved setting up of a 1,320 MW thermal power plant in Madhya Pradesh. The commission has also approved sale of entire electricity from the plant to the state through Adani Power arm Pench Thermal Energy.
Positive for the stock. 👍
🎯 NTPC :
Company has decided to foray in electricity distribution business by evincing interest to buy 51 % stake in Anil Dhirubhai Ambani Group's (ADAG) two utilities in Delhi.
🎯 Apollo Tyres :
Promoter PTL Enterprises acquired 15,000 shares on May 22.
Positive for the stock. 👍
🎯 Aarti Drugs :
Promoter sold 17,000 shares from May 21-22.
Negative for the stock.
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Edited by Sharp.
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