EOD Update 04-05-2019

HUL Q4: PAT At Rs 1,538 Cr vs Rs 1,351 Cr YoY Domestic Volume Growth At 7% Revenue At Rs 9810 Cr Declares Final Dividend Of Rs 13/Share

RBI: Forex Reserves Rise $4.4 Bn To $418.5 Bn As Of Week Ended April 26

Bharti Airtel African Arm Is Said To Plan Raising About $1 Bn In IPO Bharti

Airtel Is Said To Start off $5 Bn Africa Arm IPO In May Bharti Airtel Africa Said To Target Trading Debut In June

Liberty House Grp Sources: Have Not Received Any Order Will Appropriately Respond, If Needed Will Move Supreme Court

MCA Approves Appointment Of 14 Judicial Members, 19 Technical Members To NCLTs

Century Textiles and Industries posts Q4 net profit of Rs 227.62 crore
The company’s total income during the quarter was Rs 1,008.54 crore.

Lenders take 57% haircut in 94 cases worth Rs 1.75 lakh crore
The average resolution timeline for these 94 cases resolved was 324 days as against the stipulated timeline of 270 days.

Rs 75,000 Crore Recovered Under Bankruptcy Code Till March 2019: Report

The total recovery as of March-end stood at Rs 75,000 crore, against the total claim of Rs 1.75 lakh crore by financial creditors.

Air India, SpiceJet, IndiGo May Get Jet’s Foreign Traffic Rights: Report

Facing severe financial crisis, Jet Airways had on April 17 announced temporary suspension of its flight operations

L&T Technology Standalone March 2019 Net Sales at Rs 1,239.30 crore, up 26.52% Y-o-Y

Pix Transmis Standalone March 2019 Net Sales at Rs 75.28 crore, down 5.68% Y-o-Y

Tata Chemicals Standalone March 2019 Net Sales at Rs 1,059.02 crore, up 15.33% Y-o-Y

Birla Corporation Q4 net profit falls 2.23% to Rs 128.19 crore
Revenue from operations of the flagship company of the M P Birla group, however, rose to Rs 1,872.76 crore in the three months ended March from Rs 1,650.81 crore

NSE co-location case: Sebi partially relaxes order against OPG Securities, 3 directors
Noticees are OPG Securities and its three directors Sanjay Gupta, Sangeeta Gupta and Om Prakash Gupta.

Tata Chemicals Q4 net profit up 26% at Rs 450 crore
Total income increased to Rs 2,845.26 crore on a consolidated basis during the January-March quarter of 2018-19 from Rs 2,628.83 crore in the year-ago period.

RBI slaps Rs 11 lakh fine on Yes Bank for violating money transfer norms

LTTS net profit up 21% in Q4FY19
The company recorded a 51 per cent increase in net profit for FY19 at Rs 766 crore.

Foreign Exchange Reserves Rise By $4.3 Billion

In the previous week, the forex reserves had declined by $739.2 million to $414.147 billion.

Co-location case: 3 NSE officials move SAT for stay order on Sebi ban
Exchange officials seek relief, Securities Appellate Tribunal to hear the case on Monday

REC raises Rs 1,100 crore, higher rate hints at tighter liquidity
The REC sold its “AAA” rated bonds carrying 2 year 7 month maturity at 8.5%.

Embassy Office Parks REIT raises Rs 3,000 crore via debentures
The NCDs will be listed on the Wholesale Debt Market segment of the BSE.

SoftBank is said to consider IPO for $100 billion vision fund

DHFL to raise up to Rs 2,000 crore

Aditya Birla Capital to raise up to Rs 3,500 cr via equity, debt instruments

Amrapali Promoters Siphoned Home Buyers’ Money For Personal Use: Report

The Supreme Court said that that “without the active support of the banks, this kind of large scale money laundering could not have happened”

ICRA downgrades ratings, outlook on Yes Bank, 2 Reliance Capital arms

LIC Housing Finance Q4 net jumps 17% to Rs 694 crore

NSE Officials Move Tribunal Against Sebi Order In Co-Location Case

The development assumes significance as on April 30, Sebi, in a marathon five orders in the co-location case, came down heavily on the NSE

Berkshire Hathaway Reports $21.6 Billion Profit In First Quarter

Analysts on average expected operating profit of about $3,399 per Class A share, according to Refinitiv data.

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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