India Daybook
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Stocks in News
*Equitas Bank:* Net profit up at Rs 198.0 cr Vs Rs 116.0 cr, NII up 25.6% At Rs 766.0 cr Vs Rs 610.0 cr YoY (Positive)
*Cyient:* Net profit up 8.6% at Rs 184 cr Vs Rs 169 cr (QoQ) Revenue up 5.5% at Rs 1778 cr Vs Rs 1686.5 cr QoQ (Positive)
*Jindal Stainless:* Net profit up 74.0% At Rs 609.0 cr, Q2 revenue at Rs 9720.0 cr, up 14% YoY (Positive)
*RVNL:* JV gets Rs 174.27 crore contract from Western Railway for civil engineering works in Gujarat (Positive)
*Bharti Airtel:* Amdocs’ platform will enable Airtel to create a single bundled plan and bill for all its services (Positive)
*ITC:* Cigarette volume growth in the 6-7% range vs estimates of 5.6%. (Positive)
*IL&FS Transportation:* Company signs pact with Sekura Roads to sell entire stake of company in Jorabat Shillong Expressway for Rs 1,343 cr (Positive)
*Elecon:* Company gets order for supply, supervision of pipe conveyor system from Arcelormittal Nippon Steel India worth Rs 51.41 crore (Positive)
*Tejas Networks:* Company gets Rs 107.73 crore order from TCS. (Positive)
*Gulf Oil:* Company and S-Oil Seven in pact to expand business in India (Positive)
*Tata Coffee:* Net profit down 60.2% at Rs 56.7 Cr Vs Rs 142.4 Cr, Revenue down 3.1% at Rs 696 cr Vs Rs 718.3 Cr (YoY) (Neutral)
*Tata Comm:* Net profit seen at Rs 221 crore vs poll Rs 335 crore, Revenue seen at Rs 4872 crore vs poll Rs 4860 crore (Neutral)
*HUL:* Company reports Q2 profit at Rs 2717 cr versus estimates Rs 2550 crore, Domestic volume up 2% versus poll of 3-4% (Neutral)
*ITC:*Q2 net profit at Rs 4927 cr vs poll of Rs 4911 cr, Revenues at Rs 16550.0 cr vs Rs 16130.0 cr YoY (Neutral)
*UBL:*Q2 net profit at Rs 107.6 cr vs poll of Rs 114 cr, Revenues at Rs 1888.0 cr vs Rs 1753.0 cr (Neutral)
*Updater Services:* Net profit at Rs 12.39 crore, up 28.26%. Revenue at Rs 576.4 crore, up 0.8% QoQ (Neutral)
*Tanla:* Net profit at Rs 142.0 crore, up 5.27%. Revenue at Rs 1008.6 crore, up 10.7% QoQ (Neutral)
*Aarti Drugs:* Net profit at Rs 39.6 crore, up 2.1%. Revenue at Rs 642 crore, down 6.7% YoY (Neutral)
*Zomato:* SoftBank - SVF Fund to sell 1.1% stake or 9.3 crore shares via block deal via Block Deal (Neutral)
*Tata Motors:* Company to acquire 26.79% stake in Freight Tiger for Rs 150 crore. (Neutral)
*PTC India:* The equity value of Rs 925 cr is subject to adjustments in bid value as per the bid format. (Neutral)
*Gati:* Registrar of Companies approves name change of Gati to Allcargo Gati effective October 19. (Neutral)
*HFCL:* Net profit down 15.2% at Rs 69 cr Vs Rs 82 cr, Revenue down 5.3% at Rs 1111.5 cr Vs Rs 1173.5 cr (YoY)
*Havells:* Net profit seen at Rs 249 crore vs poll Rs 289 crore, Revenue seen at Rs 3900 crore vs poll Rs 4226 crore
*MPhasis:*Q2 net profit at Rs 391.9 cr vs poll of Rs 406 cr, Revenues at Rs 3276.5 cr vs poll of Rs 3325.0 cr.
*Voltas:*Q2 net profit at Rs 35.6 cr vs poll of Rs 98 cr, Revenues at Rs 2293.0 cr vs poll of Rs 2107.0 cr.
*Natco Pharma:* US FDA issues 8 observations for co’s Pharma Division in Kothur Hyderabad (Negative)
*Indoco:* USFDA has issued four observations in Form 483 at the end of the pre-approval inspection.
*Grasim:* Company gets Rs 141 crore demand notice from Rajasthan Stamps Collector.
By: via Telegram.me/AlliesFin #StockMarket #india
