Risk-off sentiment persisted across Asian Markets on Monday morning as U.S. equity futures continued to decline. Global stocks had ended April on a high after rebounding from their lows in March.
Futures on the S&P 500 are down more than 1.5 percent after the benchmark fell 2.8 percent on Friday.
Markets have opened lower in Australia and South Korea while those in China and Japan are shut on account of a holiday.
🎯 News & Impact 🎯
Results Updates :
🎯 Reliance Industries Q4FY20 :
Revenue falls 14.3 % to Rs 73,596 crore Ebitda falls 12 % to Rs 11,343 crore.
Ebitda Margins expand to 15.3 % from 14.9 %.
Net Profit down 73.1 % to Rs 2,580 crore - the biggest drop in at least 13 years Net profit impacted by inventory losses, lower refining margins, higher finance cost and higher tax rate.
Gross Refining Margin at $8.9 per barrel versus $9.2 per barrel Petrochemical revenue down 12.7 percent to Rs 32,206 crore.
Reliance Jio : Revenue up 6.2 % to Rs 14,835 crore.
Ebitda up 10.6 % to Rs 6,175 crore Ebitda Margin expands to 41.6 % from 40 percent Net profit up 72.7 % to Rs 2,331 crore.
🎯 Hindustan Unilever Q4FY20 YoY :
Net sales down 9.4 % to Rs 9,011 crore Lowest net sales in nine quarters Ebitda down 11 % to Rs 2,065 crore.
Ebitda margins contract to 22.9 percent from 23.3 %
Net profit down 1.2 % to Rs 1,519 crore.
🎯 Tech Mahindra Q4FY20 :
Dollar Revenue down 4.3 % to $1,295 million.
Revenue in rupee terms down 1.7 % to Rs.9,490 crore.
Ebit down 37.9 % to Rs 732 crore.
Ebit margin declines to 7.7 % from 12.2 %.
Net profit down 29.8 % to Rs 804 crore.
🎯 Reliance Industries :
To raise Rs 53,125 crore via rights issue at Rs 1,257 per share which is a discount of 14 percent to the closing price on April 30.
The company will also separate out its oil to chemicals business, via slump sale to Reliance O2C.
Positive for the stock. 👍
🎯 Nippon Life Insurance :
The company has shared an update for FY20 where Total Individual Premium collection rose 4 % to Rs 4,375 Crore.
Embedded Value rose 20.4 % to Rs 4,314 Crore.
Net Profit was up 37.2 % to Rs 35 crore.
13th Month Persistency stood 77.03 percent while AUMs were Rs 19,837 crore.
🎯 AU Small Finance Bank : Q4FY20 YoY :
Net Interest Income up 43 % to Rs 555 crore.
Net profit up 3.4 % to Rs 122 crore. Provisions rise three times sequentially to Rs 150 crore Vs 40 crore Gross NPA at 1.68 % from 1.88 % in Q3FY20.
Net NPA at 0.81 % from 1.01 % in Q3FY20.
Positive for the stock. 👍
🎯 ICICI Lombard General Insurance Q4FY20 :
Gross Direct Premium down 8.7 % to Rs 3,181 crore.
Net profit up 23.8 % to Rs 282 crore.
🎯 April Auto Sales
Maruti Suzuki: Reports zero domestic sales. Exports down 93 % to 632 units.
Negative for the stock.
Mahindra & Mahindra:
Reports zero domestic sales. Exports down 65 % to 733 units.
Tractor sales down 83 % to 4,772 units.
Eicher Motors: Reports sales of 91 units. VE Commercial Vehicles sold 85 units.
Escorts: Total sales down 86.6 to 705 units. Exports down 67 percent to 92 unit.
SML Isuzu: reported zero sales.
🎯 Cadila Healthcare :
Company received tentative nod from the US health regulator to market generic Empagliflozin and Metformin Hydrochloride tablets, used for management of type-2 diabetes, in the US market.
Positive for the stock. 👍
🎯 Tata Motors :
Company sold and transferred GDC business on a slump sale basis for Rs 10.3 crore to subsidiary TML Business Services.
🎯 Kalpataru Power :
Company terminated agreement to sell arm to CLP India as conditions not met.
🎯 Birlasoft :
Promoter SB Pandit sold 2.08 lakh shares on April 27.
Negative for the stock.
🎯 Mindtree :
Promoters sold 80,085 shares from April 28-29.
Negative for the stock.
🎯 Adani Ports :
Company said its promoters Gautam S Adani and Rajesh Adani on behalf of SB Adani Family Trust have released pledge on 5.66 crore equity shares held in the company, comprising its 2.78 % holding.
Positive for the stock. 👍
🎯 Strides Pharma Sciences : Promoters released pledge of 4 lakh shares on April 30.
Positive for the stock. 👍
🎯 GTPL Hathway :
Promoters released pledge of 28 lakh shares on April 29.
Positive for the stock. 👍
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.
No comments:
Post a Comment