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HCL Tech (QoQ) Revenues at Rs 18135 cr vs Rs 17528 cr, up 3.5% (est 18155) $ Revenues at $2543 mn vs $2486 mn, up 2.3% (est 2551) Net profit at Rs 3037 cr vs Rs 2651 cr, up 14.6% (est 2758) EBIT at Rs 3670 cr vs Rs 3497 cr, up 5% (est 3542) Margins at 20.2% vs 20% (est 19.5%)
What wockhardt believes is the timeline of us fda clearance
Days high Apollo tyres
Nomura on Balkrishna Industries
Tyre stocks on fire...MRF and Balkrishna Inds at 52 week high
Piramal Enterprises gains for 4th day....picking up traction with volumes
Banking Exposure to Vodafone (Nomura view) Indusind Bank Rs 3000 cr (1.5% of book) SBI 14000 cr (0.6%) ICICI 0.2% Axis 0.3%
STOCK OF THE DAY Max Financial ET reports that Sunil Munjal, Bain Capital may buy controlling stake in Max Financial. (Imp word here is controlling) UBS raises Max Financial target to 640 from 550, Maintain Buy
Banking Stocks (Exposure to Telecom) Vodafone-Idea’s promoters have indicated that the firm may have to close down operations if they do not get any relief Exposure as % of loans: YES (2.1%), Indusind (2%), SBI (0.8%), PNB (0.7%) and ICICI (0.3%): UBS
Bharti Airtel, Vodafone Idea Supreme Court has rejected telecom companies review petition on AGR case AGR dues have to be repaid by Jan 23 Bharti Airtel is evaluating filing a curative petition Vodafone Idea is exploring further options, including filing of a curative petition
Karnataka Bank Net Interest Income up 4.1%, Net profit down 12.3% GNPA at 4.99% vs 4.78% QoQ NNPA at 3.75% vs 3.48% QoQ
South Indian Bank Net Interest Income up 15.8%, Net profit up 7.9%, Asset quality stable Bank classified 3 accounts as fraud in quarter and provided Rs 15 cr in P&L (25% exposure) Remaining 75% of the exposure shall be debited in P&L over next 3 quarters in equal installments
Hathway Cable & Datacom Revenue up 12.3%, EBITDA up 47.2%, Margins at 25.8% vs 19.7% Net profit at Rs 67.2 cr vs Net loss at Rs 57.9 cr on higher other income Margins higher due to lower pay channel costs Broadband Business Revenue up 6%, Cable TV Business Revenue up 15%
Tata Metaliks Revenues down 5.1%, Net profit up 15.9% EBITDA up 4.7% due to lower material costs Pig Iron Revenue down 4%, Ductile Iron Pipe Revenue down 18%
Rallis Revenues up 27.8%, Net profit up 2.7x, EBITDA up 2x Growth led by strong performance in domestic biz Domestic biz aided by strong rabi season and new launches Lower depreciation and tax rate aided profits Production is expected to commence for Dahej chemical plant in FY21
Cyient Results in line with estimates; PAT beat on forex gains Revenues in the Services business were flattish; DLM revenues weak Issues in Aerospace & Defense could have bottomed as per mgmt Says recovery in Communications is encouraging Expects EBIT margin uptick in FY21
NIFTY RESULTS TODAY HCL Tech, Reliance Industries, TCS OTHER RESULTS TODAY Blue Dart Express, Fertilizers and Chemicals Travancore, ICICI Lombard General Insurance, L&T Finance Holdings, L&T Technology Services
GLOBAL CUES Global cues positive, SGX Nifty trades muted Crude rallies 1% overnight, trades positive today Base metals close higher on LME with Tin and Zinc up 1% Steel rebar up 1%, DCE Iron ore up 0.5% Coffee and sugar close down in overnight tarde
UBS raises Max Financial target to 640 from 550, Maintain Buy
Supreme Court lifts suspension of environment clearance for construction of international airport in Mopa,Goa. GMR is the company engaged in the construction of the airport.
BQ, Ex ET Now. Views are personal. RT do not mean endorsements. Information given is not channel view. Comments on stocks is not a recommendation.
Followers: 59,623
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