28th April, 2021 Morning Brief

Market will kickstart with a positive bias today with the help of Asian markets.

Market will open with a gap up continuing yesterday's rally ahead. 

🎯 News & Impact 🎯

Major Result Today : 

Bajaj Finserv, Biocon, Exide Industries,  L&T Finance Holdings, Laurus Labs

🎯 Axis Bank : The company reported a profit of Rs 2,677 crore in Q4 FY21 against a loss of Rs 1,388 crore in Q4 FY20. Net interest income jumped to Rs 7,555 crore from Rs 6,808 crore.

Positive. 👍

🎯 HDFC AMC : The company reported a profit of Rs 316.1 crore in Q4 FY21 versus Rs 250 crore in Q4 FY20, revenue rose to Rs 503 crore from Rs 476.1 crore.

Positive  👍

🎯 Britannia Industries : 

Profit fell to Rs 360.1 crore in Q4 FY21 against Rs 372.3 crore in Q4 FY20. Revenue rose to Rs 3,130.7 crore from Rs 2,867.7 crore in the year-ago.

🎯 Bajaj Finance : 

The company reported a higher consolidated profit at Rs 1,347 crore in Q4 FY21 against Rs 948 crore in Q4 FY20. Consolidated net interest income fell to Rs 4,659 crore from Rs 4,684 crore YoY.

Positive. 👍

🎯 ABB India : 

The company reported a profit of Rs 141 crore in Q4 FY21 against Rs 64.6 crore in Q4 FY20, revenue increased to Rs 1,629.1 crore from Rs 1,522.2 crore.

Positive. 👍

🎯 TVS Motor Company : 

The company reported a profit of Rs 289.24 crore in Q4 FY21 against Rs 73.87 crore in Q4 FY20, revenue rose to Rs 5,321.93 crore from Rs 3,481.42 crore.

Positive. 👍

🎯 Nippon Life India Asset Management : The company reported a profit of Rs 166.77 crore in Q4 FY21 against Rs 3.72 crore in Q4 FY20, revenue rose to Rs 301.90 crore from Rs 274.50 crore.

Positive.  👍

🎯 United Breweries : 

The company reported a consolidated profit of Rs 97.53 crore in Q4 FY21 against Rs 41.82 crore in Q4 FY20, revenue jumped to Rs 3,618.09 crore from Rs 3,099.91 crore.

Positive. 👍

🎯 Hatsun Agro Product : 

The company reported a profit of Rs 57.13 crore in Q4 FY21 against Rs 7.95 crore in Q4 FY20, revenue increased to Rs 1,568.87 crore from Rs 1,266.37 crore.

Positive. 👍

🎯 Bharat Forge : 

NCLT approved the resolution plan submitted by Bharat Forge for acquisition of Sanghvi Forging & Engineering.

Positive. 👍