Sunday, 2 May 2021

3rd May, 2021 Morning Brief

Market will open with a gap-down today.

Asia stocks started the week a little changed with some major markets shut and inflation concerns resurfacing. U.S. futures edged higher.

Auto Sales :
Escorts total sales at 6979 units vs 12,337 units (MoM)

M&M total sales at 36,437 units vs 40,403 units (MoM)

TataMotors PV sales at 25,095 units vs 29,654 units (MoM)

Maruti sales at 1.59 lk units vs 1.67 lk
units (MoM)

Eicher CV sales at 2,145 units vs 7,037 units (MoM)

M&M tractor sales at 26,130 units vs
30,970 units (MoM). 

🎯 Reliance Industries : The company reported sharply higher profit at Rs 13,227 crore in Q4FY21 against Rs 6,348 crore in Q4FY20, revenue rose to Rs 1,54,896 crore from Rs 1,39,535 crore YoY.

🎯 IndusInd Bank : The bank reported profit at Rs 876 crore in Q4FY21 against Rs 301.8 crore in Q4FY20, net interest income rose to Rs 3,534.6 crore from Rs 3,231.2 crore YoY.

🎯 Trent : The company reported higher consolidated profit at Rs 17.44 crore in Q4FY21 against Rs 3.21 crore in Q4FY20, revenue rose to Rs 905.55 crore from Rs 842.93 crore YoY.

🎯 DCB Bank : The bank acquired 2.89 percent stake in India International Exchange (IFSC), and 4.93 percent stake in India International Clearing Corporation (IFSC) based at Gift City IFSC at Gandhinagar, for Rs 5 crore each.

🎯 Procter & Gamble Health : LIC sold 2 percent stake in the company, reducing its shareholding to 3.819 percent from 5.82 percent earlier.


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