Publisher : plindia.com


Union Bank posted loss of Rs33.6bn of PAT (v/s PLe of Rs1.7bn loss) on back of making higher provisions from RBI’s divergence report (Rs22.8bn) and ageing of NPA helping improve PCR to 58.3% from 51.4% in Q3FY19.
May 16, 2019, 3:11 p.m.
Publisher: plindia.com

Advertisement revenue increased 0.3% YoY to Rs1,542.1mn while subscription revenue was down 22.0% YoY to Rs101.6mn amid transition to new TRAI guidelines.
May 16, 2019, 3:11 p.m.
Publisher: plindia.com

We cut FY20 and FY21 EPS by 3.0% and 2.3% following cautiously optimistic outlook on demand following just 4% volume growth (average 16.0% in last 6 quarters) in C&B products due to pressure in construction chemicals, although low VAM prices (USD950/ton v/s USD1100/ton in 4Q) and stable USD/INR will aid margins.
May 16, 2019, 3:11 p.m.
Publisher: plindia.com

Net Sales increased 10.9% to Rs8.65bn. SSG was low at 6% in Domino’s on a high base of 26.5%. FY19 SSG was at 7-year high 16.4%.
May 15, 2019, 3:10 p.m.
Publisher: plindia.com


A leading Stock Broking Firm in India offering services like Derivative Broking, Investment Banking, Corporate Advisory, Share Trading & Margin Finance.
May 15, 2019, 3:10 p.m.
Publisher: plindia.com

Strong demand outlook in US and stable demand in Europe/South America/Asia, aided by quality operations and sound B/S sets firm outlook for Novelis.
May 9, 2019, 11:42 a.m.
Publisher: plindia.com

KEC International (KEC) reported net profit of Rs1.9 bn (flat YoY) which was lower than our estimate due to weak execution in T&D segment and solar segment.
May 9, 2019, 11:41 a.m.
Publisher: plindia.com

Revenue growth weakens as market challenges in the nature of funding pressures, need for excess liquidity on balance sheet and continued lower disbursals proved as a dampener in Q4FY19.
May 9, 2019, 11:41 a.m.
Publisher: plindia.com

We cut our EPS estimates for FY20 and FY21 by 6.3%-6.9% on the back of 1) uncertain demand environment in domestic market 2) deterioration in sales mix with higher sales of Putty, Tractor Distempers and emulsions.
May 9, 2019, 11:41 a.m.
Publisher: plindia.com

The market was under pressure over the past 1-month ending May 7, 2019. The Nifty 50 and the broader Nifty 500 index dropped by over 1%, while the Nifty Midcap 100 and Nifty Smallcap 100 fell by over 5%.
May 9, 2019, 11:41 a.m.
Publisher: plindia.com