India Daybook – Stocks in News
BPCL: Cabinet approves $1.6 bn investment by BPCL’s unit in Brazil (Positive)
Schaeffler: Net Profit up 76.2% at Rs 225.7 cr Vs Rs 128.1 cr, Revenue up 41.9% at Rs 1,748.8 cr Vs Rs 1,232.8 cr YoY (Positive)
Latent View: Net profit up 40.8% at Rs 31.4 cr Vs Rs 22.3 cr, Revenue up 36.6% at Rs 119.9 cr Vs Rs 87.8 cr YoY (Positive)
Bajaj Finance: GNPA and NNPA came at historic lows, will continue to trend downwards for next 2-3 quarters (Positive)
Exide Ind: Company signs a lease agreement with the Karnataka Industrial Areas Development Board for an 80-acre plot in Bengaluru. (Positive)
EIH: Net profit at Rs 2.8 cr Vs loss of Rs 113.2 cr, Revenue at Rs 394.3 cr Vs Rs 95.2 cr YoY (Positive)
Novartis: Net profit at Rs 52.3 cr Vs Rs 6.2 cr, Revenue up 23.2% at Rs 120.9 cr Vs Rs 98.1 cr (Positive)
VIP Ind: Net profit at Rs 69.1 cr vs Rs 2.5 cr, Revenue at Rs 590.6 cr vs Rs 206.2 cr (Positive)
Dixon: Net profit at Rs 45.7 cr Vs Rs 18.1 cr, Revenue up 52.9% at Rs 2,855.1 cr Vs Rs 1,867.3 cr. (Positive)
Hindustan Aeronautics: HAL has signed contract worth over $100 million with Honeywell for HTT-40 Engines (Positive)
Dhampur Sugar: The company on Wednesday reported a 26.2 percent year-on-year increase in net profit at Rs 39.3 crore for the April-June quarter. (Positive)
Blue Dart: 1Q net income 1.17b rupees Vs. 293.7m Y/y; revenue +49% to 12.9b (Positive)
IIFL Finance: 1Q group net profit 3.3b rupees vs 2.66b Y/y; Total income 19.75b vs. 15.3b (Positive)
Poonawalla Fincorp: 1Q net income 1.41b rupee vs. 645.4m Y/y; revenue +14% to 5.45b (Positive)
Shriram City Union: 1Q net income +55% Y/y to 3.23b rupees, beats est. 2.92b (Positive)
Tech Mahindra: Partners Google for launch of Street-level imagery view in India (Positive)
Filatex: Net profit down 16.8% at Rs 43.4 cr Vs Rs 52.1 cr, Revenue up 46.4% at Rs 1,023.3 cr Vs Rs 698.9 cr (Neutral)
Shoppers Stop: To invest INR200m in its unit Global SS (Neutral)
Spice Jet: DGCA orders SpiceJet to operate just 50% of approved flights for 8 weeks following multiple snags
Aarti Drugs: Net profit down 28.7% at Rs 34.8 cr Vs Rs 48.8 cr, Revenue up 7.2% at Rs 622 cr Vs Rs 580 cr (YoY).
JK Lakshmi: Profit down 15.37% at Rs 111.18 cr Vs Rs 131.37 cr. Revenue up 24.8% at Rs 1,654.1 cr Vs Rs 1,325.6 cr
Laxmi Organics: Net profit down 36.6% at Rs 64.8 cr Vs Rs 102.3 cr, Revenue up 2.7% at Rs 756.6 cr Vs Rs 736.3 cr
Welspun India: Net profit down 89.7% at Rs 22.4 cr Vs Rs 217.5 cr; Revenue down 11.6% at Rs 1,957.3 cr Vs Rs 2,214.5 cr
UBL: Net profit at Rs 161.68 cr Vs Poll of Rs 196 cr, Revenues at Rs 2436.0 cr Vs Poll of Rs 2253 cr.
Biocon: Net profit at Rs 144.4 cr Vs poll of Rs 206.9 cr, Revenues at Rs 2139 cr Vs poll of Rs 2280 cr YoY
Tata Motors: Net loss at Rs 5,006.6 cr Vs poll of 1,299 cr loss, Revenues at Rs 71935 cr Vs poll of Rs 71331 cr YoY
By: via @AlliesFin Serve Stock Market
