Asian markets have begun the new trading week with gains, boosted by a U.S. jobs report that surpassed expectations and boosted hopes of a quick economic rebound.
Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the US economy is headed for a quicker-than-anticipated recovery. The Nasdaq breached its all-time closing high reached in February.
The Dow Jones Industrial Average rose 829.16 points, or 3.15%, to 27,110.98, the S&P 500 gained 81.58 points, or 2.62%, to 3,193.93 and the Nasdaq Composite added 198.27 points, or 2.06%, to 9,814.08.
🎯 News & Impact 🎯
Major Result Today : Titan
Results Updates :
🎯 Larsen & Toubro Q4FY20 : Revenue up 2.2% to Rs 44,245.3 crore.
Net profit down 6.5% to Rs 3,197.1 crore.
Ebitda down 3% to Rs 5,121 crore. Ebitda margin narrows to 11.6% from 12.2% Order inflow up 5% to Rs 57,785 crore Consolidated order book up 4% to Rs 3,03,857 crore.
Positive for the stock. 👍
🎯 Vedanta Q4FY20 :
Net loss of Rs 12,521 crore from net profit of Rs 2,615 crore.
Revenue down 16% to Rs 19,755 crore.
Ebitda down 26% to Rs 4,552 crore. Ebitda margin at 23% from 26.1% Exceptional loss of Rs 17,132 crore this quarter owing to impairments in its oil & gas, copper and iron ore business due to Covid-19.
Negative for the stock.
🎯 Divis Laboratories Q4FY20 :
Revenue up 10% to Rs 1,390 crore. Net profit up 33% to Rs 388 crore. Ebitda up 7% to Rs 444.5 crore. Ebitda margin at 32% from 32.8%.
Positive for the stock. 👍
🎯 Reliance Industries :
Silver Lake and its co-investors will invest an additional Rs 4,547 crore in Jio Platforms, increasing its total stake in the company to 2.08% of the total equity or Rs 10,202 crore.
Positive for the stock. 👍
🎯 Tata Motors :
Bloomberg News reports that Jaguar Land Rover has raised a loan of $705 million from Chinese Banks.
🎯 ABM Knowledgeware :
Company bagged Rs 27.61 crore Smart Kalyan Dombivali Corporation project.
Positive for the stock. 👍
🎯 IndusInd Bank :
Bank informed the exchange that promoters plan to acquire additional shares of the bank from the open market.
Positive for the stock. 👍
🎯 Alembic :
Promoter Nirayu acquired 39.26 lakh shares or 1.53% stake at Rs 174 per share.
Positive for the stock. 👍
🎯 SH Kelkar :
Promoter Kedar Vaze acquired 15.54 lakh shares or 1.1% stake at Rs 65 per share.
Positive for the stock. 👍
Sequent Scientific: Promoter Agnus Holdings acquired 1.28 crore share or 5.16% stake at Rs 86.95 per share.
Positive for the stock. 👍
🎯 TCPL Packaging :
Promoters released pledge of 38.26 lakh shares on June 5.
Positive for the stock. 👍
🎯 JSPL : Promoters released pledge of 89.6 lakh shares between June 1-2.
Positive for the stock. 👍
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Edited by Sharp.
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