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Binani Cement Lenders Asked To Consider Revised UltraTech Offer
Shares of the Mumbai-based cooking oil maker fell 3.2 percent to Rs 322.05 after it missed Bloomberg consensus estimates in March quarter.
Key earnings highlights:
Shares of the Mumbai-based paint maker fell 0.11 percent to Rs 500.40 after it missed Bloomberg consensus estimates in March quarter.
Key earnings highlights:
Shares of the Delhi-based two-wheeler maker fell 1.6 percent to Rs 3,671 after it reported March quarter earnings.
Key earnings highlights:
Shares of the Mumbai-based cement and cotton textile maker pared losses after its March quarter net profit more than doubled in the March quarter.
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Shares of sugar manufacturers rallied after the Union Cabinet approved subsidy for sugar mills, news agency Cogencis reported sources.
Shares of the Chennai-based IT company rose 2.5 percent to Rs 477.55 after it won a contract from Australia’s P&N Bank for payroll transformation, the company said in an exchange filing.
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Bhopal-based beer and whiskey maker rose as much as 7.08 percent to record high of Rs 299.55 after its net profit more than doubled in March quarter.
Key earnings highlights:
Speaking to BloombergQuint on March quarter earnings J K Arora, CMD, Som Distilleries & Breweries said that he expects company to maintain 50 percent sales growth going forward.
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India’s manufacturing sector activity improved marginally in April, driven by a rise in new business orders amid favourable demand conditions and easing inflationary pressures.
The Nikkei India Manufacturing Purchasing Managers Index rose to 51.6 last month from 51 in March, according to a statement by IHS Markit, which compiles the index. A reading below 50 indicates contraction and a number above it signals expansion. This is the ninth consecutive month that the manufacturing PMI remained above the 50-point-mark.
Source: Press Trust of India
Shares of the Chennai-based commercial vehicle maker pared losses and was little changed at Rs 164.40 after its sales rose 79 percent in April.
Shares of the state-run heavy electrical equipment maker rose as much as 2 percent to Rs 89.55.
The company received 900 MW Nepal hydropower project orders, according to its exchange filing.
Shares of the construction giant rose as much as 1.7 percent while that of Schneider Electric Infrastructure surged as much as 19 percent, the most in nearly four years, to Rs 133.85.
L&T has plans to sell electrical and automation division to Schneider for Rs 14,000 crore, according to its stock exchange notification.
Shares of the Mumbai-based auto maker rose as much as 3.3 percent to Rs 351.65 after its commercial vehicle sales more than doubled in April.
Tata Motors has registered a growth of 86 percent in auto sales for April at 53,511 units as against 28,844 units over last year due to the continued strong sales performance of its commercial and passenger vehicles business in the domestic market.
Shares of the budget carrier fell as much as 3.69 percent to Rs 1,351 after market regulator — SEBI is examining the cause for the worst drop in seven months in InterGlobe Aviation shares before the operator of the nation’s largest airline announced the resignation of its president, Bloomberg reported citing people with knowledge of the matter.
HCL Technologies Q4 Profit Meets Estimates
Source: Bloomberg
April Auto Sales: Automakers Start FY19 On A High
Bajaj Auto's total sales rises 26% for the month of April.https://t.co/SOB57KRTtq pic.twitter.com/CusKDt8W8X
— BloombergQuint (@BloombergQuint) May 2, 2018
L&T To Sell Electrical Unit To Schneider As It Sharpens Focus On Core Business
The country's third largest IT outsourcing firm reported March quarter earnings which came mostly in-line with Bloomberg consensus estimates.
Key earnings highlights:
India’s shorter-maturity bonds are set to rally today after authorities scrapped a rule that prevented foreigners from investing in debt of less than three years residual maturity.
Overseas investors will also be allowed to hold up to 30 percent of the outstanding of any single government security versus 20 percent earlier.
Later in the day, RBI will auction Rs 7,000 crore of 91-day treasury bills and Rs 4,000 crore each of 182- and 364-day T-bills.
Implied opening from forwards suggest onshore spot rupee may start trading around 66.84.
CLSA On Kotak Mahindra Bank
Citi On Kotak Mahindra Bank
Macquarie On HDFC
Credit Suisse On HDFC
HSBC On Hindustan Zinc
Investec On Hindustan Zinc
CLSA On Tata Motors
Credit Suisse on Indian packaged food sector
How Indian ADRs fared overnight.https://t.co/YvLhKxEWPL pic.twitter.com/XYCMs2faQA
— BloombergQuint (@BloombergQuint) May 2, 2018
April Auto Sales: Automakers Start FY19 On A High
Hindustan Zinc Q4 YoY
CEAT Q4 YoY
Alicon Castalloy Q4 YoY
KPR Mills Q4 YoY
Container Corp Q4 YoY
IndiGo co-founder Rahul Bhatia speaks to BloombergQuint on issues surrounding Aditya Ghosh's exit.https://t.co/Sj4lWqhJon pic.twitter.com/V4K3zkRFGJ
— BloombergQuint (@BloombergQuint) May 1, 2018
As oil hits $75, Shell wants Deepwater costs at $40 or below.https://t.co/1idAoZA8ie pic.twitter.com/iXPbkoAYMs
— BloombergQuint (@BloombergQuint) May 1, 2018
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