EOD Update 20-05-2019


Telecom Department To Soon Settle Issues On Merger, Transfer Of Licences

For the Vodafone-Idea merger, Vodafone India and Idea Cellular paid the department a sum of Rs 7,268 crore in July 2018.

India Needs Few Mega Banks To Compete Globally: Chief Economic Advisor

The merged entity had a deposit base of more than Rs 26 lakh crore and advances level of Rs 18.50 lakh crore.

FPIs withdraw Rs 6,399 crore in May so far

Essar Steel reports Rs 4,229 crore Ebitda during insolvency period

ECL Finance raises Rs 300 crore via NCDs

Reliance Capital protests downgrade, says will cut debt by 50%

Sebi, stock exchanges beef up surveillance before poll results

Japan’s Orix Corp Seeks To Buy Remaining Stake In Wind Assets: IL&FS

In April, GAIL (India) Ltd offered Rs 4,800 crore ($683.01 million) for IL&FS’s power plant portfolio, emerging as the highest bidder for its wind assets.

Election Results To Determine Market Moves, Say Experts

The outcome of the seven-phase 2019 general elections will be announced on Thursday, May 23.

IndiGo Co-Founder Has No Plans Of Taking Control Of Airline: CEO

IndiGo, SpiceJet and GoAir have been rushing to fill the vacuum left by the collapse of Jet Airways, once India’s largest carrier, and gain control of its valuable slots.

Google suspends some business with Huawei after Donald Trump blacklist: Source

Within 60 secs, Rs 3.2 lakh crore added to investor kitty as exit polls see NDA win
Analysts feel there is scope for further gains in coming days.

VRL Logistics gains 4% on strong Q4 numbers
Operating profit or EBITDA jumped 35.3 percent at Rs 59.9 crore, while margin was up 200 bps at 11.7 percent.

BharatForgeLtd Q4: PAT Rs 300 Cr vs Rs 100 Cr YoY

Revenue From Ops Rs 1,669 Cr vs Rs 1,467 Cr, Up 13.7% YoY

Bharat Forge: Re-Designates Amit Kalyani As Deputy MD

Recommends A Final Dividend At Rate Of 125%

Manaksia Standalone March 2019 Net Sales at Rs 17.88 crore, up 202.43% Y-o-Y

Lumax Auto Tech Standalone March 2019 Net Sales at Rs 166.40 crore, down 14.89% Y-o-Y

Chembond Chem Consolidated March 2019 Net Sales at Rs 76.18 crore, down 25.4% Y-o-Y

Lyka Labs Standalone March 2019 Net Sales at Rs 14.74 crore, up 33.56% Y-o-Y

Galaxy Bearings Standalone March 2019 Net Sales at Rs 22.89 crore, up 24.66% Y-o-Y

Indian Terrain Standalone March 2019 Net Sales at Rs 118.74 crore, up 10.01% Y-o-Y

Super Sales Standalone March 2019 Net Sales at Rs 75.10 crore, up 7.94% Y-o-Y

Declaration of Delhi Lok Sabha poll result may get delayed by 5-6 hours: Chief Electoral Officer

Puravankara Consolidated March 2019 Net Sales at Rs 646.09 crore, up 124.37% Y-o-Y

Talbros Eng Standalone March 2019 Net Sales at Rs 72.06 crore, up 16.66% Y-o-Y

Atlanta Standalone March 2019 Net Sales at Rs 8.15 crore, up 188.45% Y-o-Y

ASM Tech Consolidated March 2019 Net Sales at Rs 23.04 crore, up 17.66% Y-o-Y

SEBI slaps Rs 1 crore fine on En Aromatic & Petro Chemicals
The regulator during its investigation found that the company had issued redeemable cumulative preference shares (RCPs) to over 89,000 investors between 2003-2004, and 2010-2011.

GSK Pharma Q4 net profit rises 16.56 per cent to Rs 123 crore
Its standalone revenue from operations stood at Rs 751.22 crore for the quarter under consideration.

TV Today Q4 net falls 38 per cent to Rs 20.21 crore
TV Today’s total income during the quarter under review stood at Rs 180.61 crore.

GSK Q4 PAT At Rs 123 Cr vs Rs 106 Cr, Up 16% YoY

Revenue From Ops At Rs 751 Cr vs Rs 749 Cr, Up 0.2% YoY GSK Pharma To Pay Rs 20/Share As Dividend.

Lasa Supergener Standalone March 2019 Net Sales at Rs 42.02 crore, down 29.15% Y-o-Y

Phillips Carbon Standalone March 2019 Net Sales at Rs 920.99 crore, up 22.31% Y-o-Y

Astral Poly Tec Consolidated March 2019 Net Sales at Rs 774.70 crore, up 19.07% Y-o-Y

Tata Motors Consolidated March 2019 Net Sales at Rs 86,422.02 crore, down 5.32% Y-o-Y

Tata Motors’ Fourth-Quarter Profit Beats Estimates, JLR Turnaround Helps

Tata Motors Q4: Tata Motors earned Rs 1,117 crore in net profit for the three months ended March 31 – its first quarterly profit in the fiscal year.

Dhampur Sugar Consolidated March 2019 Net Sales at Rs 888.37 crore, down 3.57% Y-o-Y

Guj Stat Fin Standalone March 2019 Net Sales at Rs 2.07 crore, up 6.25% Y-o-Y

SEBI proposes innovation sandbox for fintech companies
SEBI feels that fintech firms should have access to market related data.

HPCL Q4 profit jumps 70% YoY to Rs 2,970 crore as margins improve
EBITDA of the company jumped 76.76 per cent to Rs 5,166.3 against Rs 2,922.7 crore.

ArcelorMittal Says Lenders To Get Minimum Rs 42,000 Cr Upfront For Essar Steel

NCLAT To Continue Hearing Essar Steel Insolvency Case On May 21

IndiaFirst Life Insurance net rises 20% to Rs 62 crore in FY19; total premium crosses Rs 3,200 crore
IndiaFirst said it has crossed Rs 3,200 crore of total premium during the financial year ended March 2019

BPCL Q4 profit rises 16% YoY to Rs 3,125 crore; revenue up 10% at Rs 83,942 crore
Ebitda margins increased to 5.70 per cent in Q4FY19 over 4.9 per cent in the year-ago period.

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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