Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

Technically, Nifty formed a Doji candle on the daily scale as it closed near to its opening zones which indicate an indecisive market stance. #MOMarketUpdates

10/07/2020 05:50:34 PM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

The June quarter earnings season started yesterday with TCS reporting numbers below estimates. This earnings season would be of key significance as it faced the maximum brunt of lockdown. #MOMarketUpdates

10/07/2020 05:50:06 PM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

A rally in Reliance Industries to a new all-time high of Rs1,885 capped the downside in the benchmarks. FMCG (+0.5%), Pharma (+0.9%), Oil & Gas (+0.5%) and IT (+0.2%) were among the gainers today. #MOMarketUpdates

10/07/2020 05:49:03 PM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

The broader market remained subdued with Nifty Midcap 100/ Smallcap 100 down 0.7%/0.2%. Banking (-2.2%) & Financial Services (-1.9%) largely dragged the market down. Auto (-0.6%) and Metals (-0.8%) showed some weakness. #MOMarketUpdates

10/07/2020 05:48:42 PM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

Elantas Beck: Gujarat Pollution Control Board has granted a further extension of 6 months to the revocation for the closure order issued to the company's manufacturing plant at Bharuch, Gujarat. #MOMarketUpdates

10/07/2020 10:25:08 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

Smaller Cap World Fund and American Funds Insurance Series - 11.25%, SBI Mutual Fund - 8.75%, ICICI Prudential Mutual Fund - 7.5%, Aditya Birla Sun Life Mutual Fund - 6.75%. Amundi Funds - 5%, Axis and Sundaram Mutual Fund - 5% each #MOMarketUpdates

10/07/2020 10:24:18 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

PI Industries - QIP details - The issue price was a 4% discount to its floor price and 11% to Tuesday's closing price. The company has shared the list of allottees, who have been allotted more than 5% of the securities offered in the QIP. #MOMarketUpdates

10/07/2020 10:24:18 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

JBM Auto - Company says that some pending orders on hold as per the requirements of buyers. Revenue, profitability to be impacted in Q1FY21. Business should normalise during Q3 and Q4 of FY21, Temporary reduction in demand which should normalise by Q4FY21. #MOMarketUpdates

10/07/2020 10:23:02 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

Fitch Affirms Glenmark Pharmaceuticals at 'BB' - Fitch Ratings has affirmed India-based Glenmark Pharmaceuticals Ltd's Long-Term Issuer Default Rating (IDR) at 'BB'. The Outlook is Stable #MOMarketUpdates

10/07/2020 10:09:54 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

Praj Industries - Company has announced its foray into the global renewable chemicals and materials (RCM) industry. The company is developing technologies to produce bio-based Renewable Chemicals and Materials (RCM). #MOMarketUpdates

10/07/2020 10:09:41 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

BHEL Commission solar PV plant for Rail traction application - Company has commissioned the world's first Solar PV Plant at Bina, Madhya Pradesh for the Indian Railways. It is for the first time that solar power is directly being used for traction appliances. #MOMarketUpdates

10/07/2020 10:08:29 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

Tata Steel Q1 Business Update - Sales volume for India business at 2.92 million (down 26% YoY), Capacity utilisation of upstream facilities in India was adjusted to about 50% in April while downstream units were closed. #MOMarketUpdates

10/07/2020 10:08:15 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

South Indian Bank Q1FY21- Net Interest Income up 10% to Rs 586.88 crore, Net profit up 11% to Rs 81.65 crore, Other income up 57% (YoY) to Rs 28.49 crore, Gross NPA at 4.93% from 4.98% in the previous quarter, Net NPA at 3.09% from 3.34% in the previous quarter. #MOMarketUpdates

10/07/2020 10:06:49 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

Media news that the promoters of Max Financial to sell 10% stake worth Rs2500cr of Max Financial to reduce debt. Max Financial is holding 28.3% stake. #MOMarketUpdates

10/07/2020 09:31:18 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

VIP Industries approves private placement up to Rs100cr NCDs #MOMarketUpdates

10/07/2020 09:30:40 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

Karur Vysya Bank has entered into an arrangement with Tata Motors to find buyers of Tata passenger vehicles. #MOMarketUpdates

10/07/2020 09:25:55 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

Godrej Consumer informed the exchanges that the Rating Agency ICRA has discontinued their rating of Corporate Governance Rating of CGR2+ and the Stakeholder Value Creation and Governance Rating of SVG1. #MOMarketUpdates

10/07/2020 09:25:31 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

GAIL - Life Insurance Corporation (LIC) has further hiked its stake in the company. LIC hikes stakes on GAIL from 5% to 7%. #MOMarketUpdates

10/07/2020 09:25:14 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

GE Power India has been awarded a contract worth approximately Rs 291.9 crore from Tamil Nadu. #MOMarketUpdates

10/07/2020 09:23:23 AM     Share:    

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  Motilal Oswal Financial Services Ltd   

@MotilalOswalLtd

Seshasayee Paper and Boards' operations, in its Tirunelveli unit, have been temporarily shut from July 7 due to the detection of Covid-1 9 virus infection in some employees. #MOMarketUpdates

10/07/2020 09:22:10 AM     Share:    

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