EOD Update 03-05-2019


Gold holds near 4-month low as rate-cut hopes dwindle
Spot gold was unchanged at $1,270.71 per ounce as of 0139 GMT, having fallen to $1,265.85, its lowest since end-December, in the previous session.

Oil falls on surging US output, set for second week of declines
Brent crude oil futures were at $70.56 per barrel at 0127 GMT, down 19 cents, or 0.3 percent, from their last close.

As resolutions get delayed, banks put up Rs 1.3l crore of bad loans on sale to ARCs
Around 70 per cent of the cases that are admitted to NCLT have missed the deadline.

TDSAT partially stays Rs 8,300 cr DoT demand from Airtel for Tata Tele merger
The TDSAT has directed ‘the concerned authorities of the Union of India to take the merger of two companies and licence on record’, subject.

Tata Motors adds 3% despite dismal April sales
At 0950 hrs, Tata Motors was quoting Rs 212.60, up 2.63 percent on the BSE.

Ugro Capital Standalone March 2019 Net Sales at Rs 13.46 crore, up 2244.26% Y-o-Y

Sunteck Realty Standalone March 2019 Net Sales at Rs 54.96 crore, down 17.58% Y-o-Y

Cigniti Tech Consolidated March 2019 Net Sales at Rs 206.44 crore, up 15.56% Y-o-Y

The Investment Standalone March 2019 Net Sales at Rs 110.50 crore, up 115.01% Y-o-Y

Ramsons Project Standalone March 2019 Net Sales at Rs 0.06 crore, up 33.33% Y-o-Y

LKP Finance Standalone March 2019 Net Sales at Rs 1.72 crore, down 106.3% Y-o-Y

Stampede Cap Standalone March 2019 Net Sales at Rs 13.18 crore, up 1134.3% Y-o-Y

HSBC beats estimates with 31% Q1 profit rise as expenses fall
The bank said reported operating expenses dropped 12% in the March quarter.

GMR Rajahmundry Energy executes resolution plan
The resolution plan shall be rewarding to GMR Group and lenders as they continue to own 45 percent and 55 percent of shareholding, respectively, it added.

Queensland govt rejects Adani’s plan to protect endangered bird species, delaying mine project

IOC says arrangements in place for uninterrupted fuel supply in Odisha, West Bengal

Kirloskar Ferro Standalone March 2019 Net Sales at Rs 540.04 crore, up 15% Y-o-Y

Sources: IBBI Seeks Action Against Liberty House For Defaulting On Amtek Auto Bid

GCPL posts flat standalone profit and sales growth in Q4
During FY19, the second largest soap maker grew 6 per cent in domestic sales at Rs 5,557 crore.

Embassy Office Parks to raise Rs 3,000 crore via debentures
Embassy Office Parks Management Services is an investment manager of Embassy Office Parks REIT.

India’s Sugar Production Seen Hitting Record Levels

Years of bumper cane harvests and record sugar production have hammered domestic sugar prices, making it hard for mills to pay monies owed to farmers, who form an influential voting bloc.

Century Standalone March 2019 Net Sales at Rs 938.76 crore, down 57.64% Y-o-Y

Godrej Consumer Standalone March 2019 Net Sales at Rs 1,356.09 crore, down 1% Y-o-Y

Godrej Consumer Consolidated March 2019 Net Sales at Rs 2,452.58 crore, down 3.02% Y-o-Y

HSIL Standalone March 2019 Net Sales at Rs 808.87 crore, up 22.4% Y-o-Y

Century Textiles Q4: PAT At Rs 228 Cr vs Rs 109 Cr YoY, Revenue At Rs 842 Cr vs Rs 880 Cr, Down 4.3% YoY Century Textiles To Pay Rs 7.5/Share As Dividend

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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