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Earnings Call: Varun Berry, MD of Britannia Industries says that the COVID related decisions they made have "resulted in a consolidated revenue growth of 24% in the first 2 months of Q1’20-21."
London based Plutus Wealth Management buys IFB Industries shares in a bulk deal
Starting with a complaint, ending with a congratulations: Rakesh Jhunjhunwala's comments to Jubilant Life Sciences management
Vellayan Subbiah, CEO of Tube Investments said the company has substantially reduced its debt by end of FY20 by over Rs. 340 crore. Debt stands at Rs. 149 crore end March, "making pandemic management easier".
CEO Shyam Srinivasan, in Federal Bank's earnings call, said that 35% of the bank's loan book is in moratorium: "We have a sense of how we can deal with it, but the outcomes are not necessarily predictable."
Earnings Call: Dabur India Managing Director Mohit Malhotra believes that consumer behavior in rural India is set to change with reverse migration, as returnees bring urban habits with them
Rajeev Jain, MD of Bajaj Finance had said, "We are flying partially blind from 15th April to early week of June” Even with its strong fundamentals, uncertainty rules. Suhani Adilabadkar writes:
Changes in monthly holdings of mutual funds, now available for all stocks. Example, Reliance Industries:
Earnings Call: GMM Pfaudler management says that they have visibility on 70% of their revenue targets, 'which is heartening considering the situation around the world'
Analysts were expecting sales disruptions and breakages in raw material supply to hit Alembic Pharma. But amid strong results, MD Shaunak Amin said the company is looking at double digit growth. Suhani Adilabadkar writes:
Bajaj Finserv Earnings Call: The end of the lockdown will also have its own effects, management says. For example people who postponed health treatment during lockdown see conditions worsen, increasing claims later
Government of India acquires 4.6% of IFCI (200 million shares) via an SAST transaction
Kalpataru Power (KPTL) Board approves a buyback of shares at Rs. 275 per share, for a maximum amount of upto Rs. 200 crore
The June quarter will be a tough one for Varun Beverages with the lockdowns, but recovery will be faster, writes Suhani Adilabadkar:
Dr. Reddy's Labs has jumped on March quarter results beating estimates. Some Mutual Funds that bought up substantial stocks in April include SBI Equity Hybrid Fund, Axis Long Term Equity Fund:
'Growth is not an immediate priority', Rajeev Jain, Bajaj Finance says, 'but we will come back to it'.
The Government of Singapore buys 1.96 million shares of Au Small Finance Bank in a bulk deal on the #NSE
As Covid19 hits profits for Marico, the company pivots away from categories like grooming, and towards health and hygiene. Suhani Adilabadkar writes:
Investor Vijay Kedia buys additional shares in Atul Auto, through an SAST transaction
There may be a trend in the industry 'towards the smaller car', Maruti Suzuki says.