EOD update 30-05-2019


Hero FinCorp may buy Reliance General Insurance
This is part of Reliance Capitals efforts to reduce its Rs 18,000 crore debt.

Patanjali seeks PSU bank funds for Ruchi Soya buy
The homegrown consumer goods company is tying up with the banks to raise more than Rs 3,700 crore while Rs 600 crore will be generated through internal accruals.

International Paper to sell control of West Coast Paper back to Bangur Group
International Paper currently owns approximately 30 million shares, or 75 per cent of the company.

BrokersBazaar.com, [30.05.19 12:00]
Birla Group’s private equity head quits
He worked on UltraTechs Rs 16,000-crore acquisition of Jaypee groups steel plants.

Israel to hold fresh election as Prime Minister Benjamin Netanyahu fails to form coalition govt

DHFL announces delay in consolidated financial results for FY19
DHFL has assured the exchanges that results for the financial year 2018-19 will be submitted on or before June 30.

Impairment hit: GMR Infra’s Q4 loss at Rs 2,341 cr
The company reported Rs 4.81 crore profit after tax during the same quarter in FY18.

TTML plans to raise Rs 35,000 crore via issue of shares, bonds
Additionally, the company may also raise another Rs 20,000 crore via.

Google CEO Shunned A Large Stock Award After Lavish Payouts

Key parts of the CEO job nowadays, like testifying before Congress and policing internal rancor, are not his favorite.

Piccadilly Sug Standalone March 2019 Net Sales at Rs 13.96 crore, up 542.41% Y-o-Y

Gati Consolidated March 2019 Net Sales at Rs 459.39 crore, up 1.06% Y-o-Y

JagranPrakashan Consolidated March 2019 Net Sales at Rs 592.80 crore, up 8.17% Y-o-Y

Gaurs group sells over 10K housing units for nearly Rs 4000 crore
The company sold a little over 10,000 housing and commercial units during the 2018-19 fiscal year, its MD Manoj Gaur said.

Tata Tele surges 17% on Q4 profit
The company posted a net profit of Rs 579.55 crore for the quarter ended March 31, 2019.

DCM Consolidated March 2019 Net Sales at Rs 284.66 crore, up 13.28% Y-o-Y

NBCC (India) Consolidated March 2019 Net Sales at Rs 3,137.69 crore, up 23.25% Y-o-Y

CL Educate Standalone March 2019 Net Sales at Rs 40.29 crore, down 1.06% Y-o-Y

Beekay Steel Standalone March 2019 Net Sales at Rs 193.16 crore, down 32.92% Y-o-Y

Investment in P-notes rises to Rs 81,220 crore till April end
Out of the total investments made till April-end, Rs 58,820 crore was invested in the equities segment, Rs 21,542 crore in debt and Rs 123 crore in derivatives market.

Sunil Agro Food Standalone March 2019 Net Sales at Rs 33.46 crore, down 0.07% Y-o-Y

GPT Infra Standalone March 2019 Net Sales at Rs 165.06 crore, up 10.66% Y-o-Y

India Seen Losing Fastest Growing Major Economy Tag: Poll

A Reuters survey of economists forecast growth slipped to 6.3 per cent annually in the three months ending in March, its slowest pace in six quarters

Fully prepared to meet any impact of RBI and NHB guidelines: Yashpal Gupta, Repco Home
Despite all the problems facing NBFCs and HFCs, 17% growth y-o-y in is quite good, says Repco Home CEO.

Greenply Ind Standalone March 2019 Net Sales at Rs 516.17 crore, up 18.08% Y-o-Y

Setco Auto Standalone March 2019 Net Sales at Rs 149.81 crore, down 14.78% Y-o-Y

MMTC Ltd Standalone March 2019 Net Sales at Rs 7,101.80 crore, up 129.45% Y-o-Y

Ram Ratna Wires Standalone March 2019 Net Sales at Rs 335.01 crore, up 9.01% Y-o-Y

Godfrey Phillips Q4 profit fall 18% to Rs 35.36 crore

Apollo Hospitals Q4 net profit up 29% to Rs 77 crore

IDBI Bank Standalone March 2019 Net Interest Income (NII) at Rs 1,609.27 crore, up 75.79% Y-o-Y

Siti Networks Standalone March 2019 Net Sales at Rs 191.74 crore, down 7.35% Y-o-Y

Coal India March Quarter Profit Zooms Nearly 5 Times To Rs 6,024 Crore

Coal India’s revenue from operations during the quarter under review came in at Rs 28,546.26 crore.

SoFi announces over $500 million equity financing led by Qatar Investment Authority

Jet Airways says not in a position to approve 2018-19 financial results

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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