Pre Market Clues
T.me/AlliesFin
*FED'S POWELL:*
THERE ARE PATHS TO NOT CUTTING, AND PATHS TO CUTTING, IT WILL DEPEND ON THE DATA.
MY CONFIDENCE IN INFLATION MOVING BACK DOWN IS LOWER THAN BEFORE.
AS INFLATION HAS COME DOWN TO BELOW 3%, THE FED'S EMPLOYMENT GOAL COMES BACK INTO FOCUS.
(TREASURY 2- TO 10-YEAR YIELDS FALL 10 BASIS POINTS ON DAY AS FED CHAIR INDICATING DATA DRIVEN POLICY APPROACH)
*News Headlines from Business News Agencies:*
*Business Standard*
Tata Motors post higher April sales, Eicher sales dip
No Maruti Suzuki EVs for India this year. Wait till FY26: RC Bhargava
UPI transactions dip marginally in April to Rs 19.64 trn; grow Y-o-Y
Jindal Stainless announces expansion plans, to invest Rs 5,400 cr
APSEZ becomes India's 1st large-sized pvt infra developer to get AAA rating
J&J subsidiary proposes paying $6.48 bn over 25 yrs to settle talc lawsuits
GST mop-up hits record on good economic momentum, efficient collections: FM
Truck rentals tepid, commercial vehicle sales skid in April, says report
Tata Motors receives tax demand of nearly Rs 25 cr; plans to file appeal
Sebi bans Manpasand Beverages, 3 top officials from market for 3 years
Govt unlikely to impose export curbs on low-grade iron ore, says report
*Economic Times*
Maruti Suzuki's total sales increase 5% to 168,089 units in April
India's power consumption rises 11 pc to 144.89 billion units in April
MG Motor India reports 1.45 pc dip in retail sales at 4,485 units in April
Hyundai sales rise 9.5 pc to 63,701 units in April
ITC brand Fortune Hotels targets opening a new hotel every month in FY25
Quality concerns could threaten over half of India's spice exports; needs urgent attention: GTRI
India may see above normal maximum temperatures in May: IMD
Saudi Arabia's Q1 GDP shrinks by estimated 1.8% YoY as oil sector weighs
Novo Nordisk owner to invest $200 million in quantum computing startups
Adani Energy Solutions' Q4 net profit falls 13% to Rs 381 cr
Microsoft to power data centers with Brookfield renewables deal: report
Microsoft to open first regional data centre in Thailand
*Mint*
GST collection hits record high of ₹2.10 trillion in April
Ambuja Cements Q4 net profit up 6% YoY to ₹532 cr; declares dividend of ₹2
FPIs turn net sellers worth ₹8,671 crore in April after 2 months of buying
Govt to go ahead with administrative allocation for satellite broadband
Brazil’s Embraer plots a new 737-sized jet to rival Boeing
Stride Ventures closes third fund at $165 million
Oil retailers hike ATF rates, slash commercial LPG cylinder prices
India’s plastics exports fall as global economic condition takes a toll
India, US to expand warship repair network
Godrej family to split 127-year-old business empire
Blackstone-backed Aadhar Housing Finance's Rs 3,000 cr IPO to open on May 8
*Q4FY24 EARNING CALENDAR 02.05.2024*
*ADANIENT*, *ADANIPORTS*, AJANTPHARM, BLUEDART, CEATLTD, CIEINDIA, *COALINDIA*, *COFORGE*, *DABUR*, *FEDERALBNK*, JBMA, KEI, KPRMILL, PGHL, RAILTEL, RKFORGE, RSYSTEMS, SOUTHBANK, VOLTAMP
*Adani Port*
Revenue expected at Rs 7055 crore versus Rs 5796 crore
EBITDA expected to be seen at Rs 4386 crore versus Rs 4035 crore
EBITDA margin expected to be seen at 62.2% versus 69.6%
Net profit expected to be seen at Rs 2224 crore versus of Rs 2432 crore
*COAL INDIA*
Revenue expected at Rs 37,600 crore versus Rs 38,152 crore
Adj. EBITDA expected to be seen at Rs 9500 crore versus Rs 8600 crore
EBITDA margin expected to be seen at 25.2% versus 22.5%
Net profit expected to be seen at Rs 6800 crore versus of Rs 5528 crore
*COFORGE*
Rupee Revenue expected at Rs 2402 crore versus Rs 2325 crore
EBIT expected to be seen at Rs 368 crore versus Rs 325 crore
EBIT margin expected to be seen at 15.3% versus 14%
Net profit expected to be seen at Rs 264 crore versus of Rs 238 crore
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
