Shares of the housing finance company fluctuated between gains and losses after posting its fourth quarter earnings.
- Q4 net income Rs 2,044 crore versus estimate of Rs 2,020 crore
- Total income Rs 8,502 crore versus Rs 9,210 crore YoY
- Provisions stood at Rs 148 crore, down 26.5 percent QoQ
- Group net income Rs 3,080 crore versus Rs 3460 crore YoY
- To pay dividend of Rs 15 per share
- Stock down as much as 1.8% to Rs 532, most since April 2017
- Q4 net loss at Rs 351.5 lakh vs Rs 261.6 lakh last year
- Relative strength index is 78, indicating that the stock may be overbought
- S&P BSE Realty index down 1.1% after gaining 25% in past one month
- DLF (-2.4%), Indiabulls Real Estate (-1.5%), Godrej Properties (-1.4%)
- Nifty +0.30% at 9,340; Sensex +0.53% at 30,053
- ICICI Bank +9%; Bank of Baroda +2%
- S&P BSE Bankex index +1.6%, S&P BSE Consumer Durables index +0.95%
- Index falls to 50.2 from 51.5 in March
- Employment falls to 50.3 vs 51.2 in March
- Business expectations fall vs prior month
- Accelya Kale: (-2.1%): Q4 net income Rs 22.6 crore vs Rs 23.2 crore last year
- Agro Tech (-1.9%): Q4 net profit Rs 730 lakh vs Rs 722 lakh last year
- Everest Industries (+5.4%): Q4 net income Rs 14 crore vs Rs 11.9 crore last year
- IG Petrochemicals (+2.7%): Q4 net income Rs 28.1 crore vs Rs 11.9 crore last year
- Merck (+3.6%): Q4 net income Rs 14.8 crore vs Rs 8.4 crore last year
- Tribhovandas Bhimji (+3.6%): Q4 net income Rs 5.6 crore vs loss Rs 17 crore last year
Government projects to give preference to steel made by Indian companies, says Finance Minister Arun Jaitley. #NationalSteelPolicy pic.twitter.com/hNAwaVL6Hs
— BloombergQuint (@BloombergQuint) May 3, 2017
- IDFC: 204 lakh shares change hands in three blocks
- ICICI Bank: 45 lakh shares change hands in three blocks
* Buyers and sellers were not immediately known
Nomura says government is not in favour of a 'bad bank' to resolve NPAs. https://t.co/dWLLML81SL pic.twitter.com/cLqRV4zSAo
— BloombergQuint (@BloombergQuint) May 4, 2017
- Max Ventures and Industries: To invest Rs 90 crore in its subsidiary Max Estates Ltd.
- Arvind: To consider raising up to Rs 500 crore via debentures.
- Deccan Cements: To consider stock split on May 19.
- Reliance Industries: Unit SAP to introduce solution for GST taxpayers.
- SH Kelkar Enterprises: Morgan Stanley France SA buys 9.7 lakh shares or 0.67 percent stake at Rs 306 per share.
- Suzlon: Board approves allotment of 1.36 crore equity shares to FCCB holders.
- Bank of Maharashtra: To issue 8.88 crore shares to government at Rs 33.75 per share.
For a complete list of stocks, click HERE
#BQMoney | Mecklai Financial's Meryn Mathew sees the rupee taking support near 63.80.https://t.co/dWLLML81SL pic.twitter.com/dTdYezM3mB
— BloombergQuint (@BloombergQuint) May 4, 2017
- Marico: Raised to hold from underperform at Jefferies; price target Rs 290
- ICICI Bank: Raised to buy from hold at Sharekhan; price target Rs 320
- Coromandel: Raised to neutral from underperform at IDFC Securities; price target Rs 379
Five things you need to know to start your day, reports @LJKawa.https://t.co/dXb8pvDaMj pic.twitter.com/wjr8N6IVN4
— BloombergQuint (@BloombergQuint) May 4, 2017
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