Asian markets are trading mixed at the start of the final trading day of the week. Investors are gearing up for the final presidential debate between President Donald Trump and Democrat nominee Joe Biden.
Shares on Wall Street ended higher on Thursday in a choppy session as investors cheered the prospect of more fiscal stimulus to support a pandemic-damaged U.S. economy, with more data pointing to a slowing labor market recovery. US weekly jobless claims also comed lower to 7,87,000.
The Dow Jones Industrial Average closed 152.84 points higher, or 0.54%, to 28,363.66, the S&P 500 gained 17.93 points, or 0.52%, to 3,453.49 and the Nasdaq Composite added 21.31 points, or 0.19%, to 11,506.01.
🎯 News & Impact 🎯
Major Results Today : Nestle, TechM, JSW Steel.
🎯 Ambuja Cements Q3CY20 :
Revenue up 9% to Rs 2,852.5 crore. Net profit up 88% to Rs 440.5 crore. Ebitda up 55% to Rs 680.3 crore. Ebitda margin at 23.9% from 16.8%.
Positive for the stock.
🎯 Biocon Q2FY21 :
Revenue up 11.3% to Rs 1,744.8 crore.
Net profit down 22.5% to Rs 174.3 crore.
Ebitda down 2.8% to Rs 391.4 crore. Ebitda margin at 22.4% from 25.7%.
🎯 Alembic Pharma Q2FY21 :
Revenue up 17% to Rs 1,457 crore. Net profit up 35% to Rs 333.4 crore. Ebitda up 28% to Rs 443.4 crore. Ebitda margin at 30.4% from 27.8%. International business formulations sales up 21% to Rs 779 crore U.S. generics up 8% to Rs 582 crore.
Positive for the stock.
🎯 Crompton Greaves Consumer Electricals : Q2FY21 Revenue up 12.8% to Rs 1,213.9 crore.
Net profit up 27.8% to Rs 141.7 crore.
Ebitda up 48% to Rs 191.2 crore. Ebitda margin at 15.8% from 12%.
🎯 Housing Finance :
RBI pegs minimum Net Owned Fund (NOF) for housing finance companies at Rs 25 crore.
🎯 BhartiAirtel :
SEBI disposes of proceedings against Bharti Telecom, Sunil Bharti Mittal.
Positive for the stock.
🎯 Tata Steel : Bloomberg reports that Swedish Steelmaker SSAB AB is exploring a combination with Tata Steel's European business, as a back-up plan to a deal with Thyssenkrupp AG, amid industry consolidation.
🎯 Tech Mahindra : Company’s wholly owned subsidiary Tech Mahindra (Americas), Inc. has agreed to acquire 6.03% equity shares in VitalTech Holdings, Inc. The target entity, headquartered in Texas, is engaged in the business of cloud-based Telehealth and remote patient monitoring platform development and services.
🎯 Kirloskar Brothers : Company says that no fraud was found in the SEBI order against promoters.
🎯 Duroply Industries : Promoter entity Sudeep Chitlangia created pledge on entire 5.66 % stake.
Negative for the stock.
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Edited by Sharp.
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