EOD Update 10-05-2019

India imports 27,000 tonnes non-GM corn from Ukraine at $205 per tonne: Trade sources

Maruti Suzuki Cuts Production By 9.6% In April

Vans like Eeco and Omni models also slipped by over 25 per cent to 10,688 units. The mid-size Ciaz also saw a decline of 25.7 per cent.

Jet’s Full Time Director Gaurang Shetty Resigns

Jet Airways’ Whole Time Director Gaurang Shetty has decided to move on from the company as his resignation has been approved.

Reliance Industries’s; subsidiary acquires iconic British toy retailer Hamleys

ICRA Q4 profit slips by 5.2% to Rs 26 cr

Distributors go slow on sale of equity MFs as commissions decline

SC withdraws special facilities provided to Unitech promoters in Tihar Jail

HCC reports Rs 428.8 cr loss in Q4

Gates Foundation names Hari Menon as Country Director in India

From Agencies: Supreme Court Asks Govt If It Can Takeover Unitech Board

SC: Open To Govt Taking Over Unitech Projects

Seeks Govt Help In Delivering Flats To Unitech Homebuyers

Granules India Q4 PAT At Rs 64 Cr vs Rs 20.4 Cr YoY, Revenue From Ops At Rs 613 Cr vs Rs 504 Cr YoY

SEBI receives whistleblower complaint of meddling by ICRA top mgmt for IL&FS rating

Bond Market At Close: 10-Year Govt Bond Yield Ends At 7.40% vs Previous Close Of 7.38% On Wednesday

North Korea fires more missiles, US announces ship seizure as tensions mount

ICRA hires agency to probe charges of officials’ meddling in ratings
An anonymous complaint was forwarded by market regulator to the ICRA management.

IOB Q4: Loss Of Rs 1,985 Cr vs Loss Of Rs 3607 Cr YoY

Gross NPA At 21.97% vs 23.76% QoQ; Net NPA At 10.81% vs 13.56% QoQ Provisions At Rs 4,502 Crs

IOB Standalone March 2019 Net Interest Income (NII) at Rs 1,479.01 crore, down 14.66% Y-o-Y

Uber prices blockbuster IPO conservatively to raise $8.1 billion

Bajaj Electricals scraps Rs 165-cr NCD issue on poor demand
The tenure and rates offered could not be independently verified with the company.

Astra Microwave Standalone March 2019 Net Sales at Rs 113.23 crore, down 33.1% Y-o-Y

Esab India Standalone March 2019 Net Sales at Rs 180.90 crore, up 17.78% Y-o-Y

De Nora India Standalone March 2019 Net Sales at Rs 4.23 crore, down 15.79% Y-o-Y

Mahanagar Gas Standalone March 2019 Net Sales at Rs 722.54 crore, up 23.09% Y-o-Y

Nitta Gelatin Standalone March 2019 Net Sales at Rs 76.41 crore, down 13.8% Y-o-Y

Plastiblends Standalone March 2019 Net Sales at Rs 164.24 crore, up 9.04% Y-o-Y

Timex Group Ind Standalone March 2019 Net Sales at Rs 58.20 crore, up 5.61% Y-o-Y

Uber Offers Shares At $45 Apiece In IPO, Company Valued At $82 Billion

Shares will be priced at $45 for the IPO, valuing the start-up at more than $82 billion

Welspun Corp board to meet next week to consider share buyback

Venkys Standalone March 2019 Net Sales at Rs 828.74 crore, up 11.75% Y-o-Y

State Bank Of India Reports Profit Of Rs 838 Crore For March Quarter

For the quarter ended December 31, SBI had reported a net profit of Rs 3,954.81 crore.

SBI Standalone March 2019 Net Interest Income (NII) at Rs 22,953.83 crore, up 14.92% Y-o-Y

SBI Consolidated March 2019 Net Interest Income (NII) at Rs 25,347.22 crore, up 15.36% Y-o-Y

From Agencies: Mc Donalds Settles Dispute With India Partner Vikram Bakshi

McDonald’s Buys Vikram Bakshi’s 50% Stake In Connaught Plaza Restaurants

From News Reports: Supreme Court To Hear Ayodhya Case Tomorrow

Strides Pharma Standalone March 2019 Net Sales at Rs 434.56 crore, up 11.71% Y-o-Y

Kajaria Ceramic Consolidated March 2019 Net Sales at Rs 815.31 crore, up 8.7% Y-o-Y

Dalmia Bharat Q4 profit jumps over 2-fold to Rs 264 cr
Its total revenue during the quarter under review rose 7.79 per cent to Rs 2,905 crore as against Rs 2,695 crore in the corresponding period of the previous fiscal.

Investors pull more than $20 bn from stocks: BofAML
US equities had outflows of $14 billion, the biggest since January 30, BofAML said.

Rajratan Global Standalone March 2019 Net Sales at Rs 82.59 crore, up 34.94% Y-o-Y

Delta Corp tanks 7% on report of Rs 6,189-cr GST evasion; co denies allegations
Government is in talks with the companies to recover evaded GST

Gillette India March quarter PAT up 23% to Rs 88 crore
Gillette India reported rise in profit after tax helped by increased productivity and cost efficiency.

Refnol Resin Standalone March 2019 Net Sales at Rs 8.10 crore, up 5.79% Y-o-Y

Vakrangee Standalone March 2019 Net Sales at Rs 87.46 crore, down 95.23% Y-o-Y

Syndicate Bank Standalone March 2019 Net Interest Income (NII) at Rs 1,952.24 crore, up 16.29% Y-o-Y

PVR Q4 PAT at Rs 47.75 crore; total income at Rs 846 crore
PVR reported a consolidated profit after tax of Rs 47.75 crore for the fourth quarter

HCC reports Rs 428.8 crore loss in Q4
The standalone total income of HCC dropped to Rs 1,347.86 crore from Rs 1,511.47 crore in the year-ago period.

SBI sold electoral bonds worth Rs 3622 crore in March and April
Electoral bonds of Rs 1365.69 crore were sold in March, which shot up by 65.21 per cent in April to Rs 2256.37 crore.

L&T Q4 profit rises 8% YoY to Rs 3,418 crore, meets Street estimates
Consolidated revenue from operations increased 10.46 per cent YoY to Rs 44,933.96 crore.

Reliance Industries Buys Hamleys Toy Stores From Chinese Group

The acquisition by Reliance Industries, owned by billionaire Mukesh Ambani, marks the conglomerate’s first foray in an overseas retail brand.

Industrial Output Contracts 0.1% In March

Analysts polled by Reuters had forecast March industrial output growth at 1.3 per cent

European Commission Against Merger With Thyssenkrupp: Tata Steel

Tata Steel Europe and Thyssenkrupp had signed definitive agreements on June 30, 2018 to create a 50:50 pan-European joint venture.

HT Media reports Q4 net loss of Rs 21.08 cr
The company’s total income fell to Rs 620.97 crore for the fourth quarter of 2018-19, from Rs 644.7 crore in the same period previous fiscal.

Eicher Motors Q4 profit rises 18% YoY to Rs 545 crore, firm announces Rs 125 dividend
Consolidated revenue from operations fell to Rs 2,500.08 crore from Rs 2,528.01 crore.

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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