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Shares of the sponge iron maker rose as much as 11 percent, the most since July 18, to Rs 894.60. The company announced its quarterly results for the July-September period.
Key earnings highlights (YoY):
About 13 lakh shares of Marico changed hands in a block deal, according to Bloomberg data. Buyers and sellers were not known immediately.
KKR & Co. is seeking to acquire assets from stressed Indian shadow lenders, as it tries to take advantage of the market disruption after a rare money market default by Infrastructure Leasing & Financial Services Ltd.
The private equity firm’s two Indian credit units may spend as much as 20 billion rupees ($270 million) combined to purchase portfolios from local non-banking finance companies, Sanjay Nayar, KKR’s India chief executive officer, said in an phone interview Friday.
“We believe current market conditions offer attractive opportunities to buy portfolios of structured credit and real estate credit,” Nayar said.
Shares of the lender fell as much as 0.1 percent to Rs 98.70. The bank announced its quarterly results for the July-September period.
Key earnings highlights (Q2, YoY):
Shares of the construction services provider rose as much as 18.7 percent, the most since March 2016, to Rs 237.70.
Trading volume was 3.9 times its 20-day average, according to Bloomberg data. Sadbhav Engineering traded at 22 times its estimated earnings per share for the coming year.
Shares of the sponge iron maker rose as much as 7.5 percent, the most since June 29, Rs 179.
The stock traded at 18 times its estimated earnings per share for the coming year, Bloomberg data showed.
Key highlights from the press conference:
Shares of Tata Motors fluctuated between gains and losses to trade 0.9 percent higher at Rs 184.75.
About 10 lakh shares changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of the liquor manufacturer rose as much as 5.1 percent to Rs 580. The company's profit rose for the fifth straight quarter during the July-September period.
Key earnings highlights (YoY):
Shares of the country's largest FMCG rose as much as 1.3 percent to Rs 1,546.45, ahead of the results announcement.
The stock returned 26.4 percent over the last 12 months compared to an 8.5 percent advance in Sensex.
Q2 Preview (YoY):
Buyers and sellers were not known immediately.
Source: Bloomberg
Shares of the investment banker rose as much as 5.7 percent, the most since Sept. 18, to Rs 656.30.
Trading volume was 111.5 times its 20-day average, according to Bloomberg data. The stock traded at 4.1 times its last reported book value compared to 7.3 times for the two-year historical average, Bloomberg data showed.
Shares of the state-run lender rose as much as 9.2 percent the most in nearly a month to Rs 25.
The Government of India increased stake in Corporation Bank from 79.87 percent to 86.77 percent, after 86.9 crore equity shares were allotted to the government on a preferential basis, according to its stock exchange notification.
The stock has declined over 38 percent so far this year compared to 2.2 percent advance in Sensex.
Here's a lineup of all major corporate meetings over the next few days.
— BloombergQuint (@BloombergQuint) October 12, 2018
Read: https://t.co/JkbGF9kFPL pic.twitter.com/Jtiq7BQCL1
CLSA
Macquarie
Nomura
Credit Suisse
Deutsche Bank
UBS on Cipla
Macquarie on Coal India
TCS (Consolidated, QoQ)
Also Read: Q2 Results: TCS’ Profit Rises After Margin Hits Seven-Quarter High
GM Breweries (Q2, YoY)
Also Read: What To Expect From Earnings Of Consumer Goods Makers
Shanghai Exchange:
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