Ex-Anchor & Sr Research Analyst @BloombergQuint. Also worked with @BTVi and Nirmal Bang Securities in the past. Currently on a break but track markets actively.
DHFL unable to honour full CP obligation again.
Arundhati Bhattacharya (SBI) and AM Naik (L&T) have also made similar comments in the past!
#stocksinnews France's Total close to buying 30% in Adani Gas for $1bn: TOI Adani Australia receives final clearance for Carmichael coal mine: Reports R Infra: Q4 results today HDFC to sell 4.2% stake in Gruh Finance on June 14; floor price set at Rs 290 (6% discount): CNBC
Sterlite Technologies Promoters removed 100% of pledge on company's shares. This is what had been weighing on the stock in the recent past. #stocksinnews
#StocksInNews Crude oil falls further, watch OMCs RBI Policy: 25bps rate cut priced in Rating agencies downgrade Dewan Hsg to D (Yes Bk, BoI, Indusind have most exposure) USFDA issues 4 observtns to Indoco's Goa plant US Class 8 truck sales fall 70% (Bharat Forge, RK Forging)
CUES FOR TODAY: Crude falls further. 25 bps RBI rate cut today already priced in. Dewan Housing Finance downgraded to default (D) by Crisil, CARE (Yes Bank, BoI, Indusind Bank have highest exposure to DHFL) PNGRB hikes tariff for GAIL India key pipelines.
To Watch: Oil prices slid sharply overnight Who gets which portfolio in #ModiCabinet2
KEY EARNINGS TODAY: Power Grid Adani Ent Adani Power Bharat Electronics Cadila Health Finolex Cables Glenmark GMR Infra GNFC Grindwell Norton Havells Hawkins Cookers IDFC Indoco IPCA Labs Lemon Tree Mercator PFC Repco Home RITES R Power SJVN TTK Prestige United Spirits V-Guard
Brokerages on SunPharma disappointing Q4: CLSA Co taking steps to address governance issues Speciality biz pickup can drive re-rating Retain Buy TP Rs520 (vs 560) NOMURA FY20 guidance below est. Retain Buy TP Rs536 CITI Underlying trends in biz encouraging Retain Buy TP Rs540
FY18 provision divergence: Rs 3,767 cr Gross NPA divergence: Rs 895 cr Bank says have not found a suitor for PNB Housing Finance. Bank not aware of merger with other PSU banks (on reports of 3-way merger among PNB, Allahabad Bk and OBC)
PNB reports Q4 net loss of Rs 4,750 Cr; Jet Airways is still a standard account! FY18 Divergence: reported net loss at Rs 12,283 cr Vs RBI assessment of Rs 16,049 cr loss
Key Earnings On 28th May: Sun Pharma Aurobindo Pharma PNB Adani Transmissn Embassy OfficeParks REIT Galaxy Surfactants Gati Himatseide Hind Copper Insecticides IRB Infra Kolte Patil Lakshmi Vilas Bk Minda Corp InfoEdge NMDC Pfizer Shipping Corp Spicejet Teamlease Zydus Wellness
Key Earnings On 28th May: Sun Pharma PNB Adani Transmission Centrum Cap Embassy Office Parks REIT Galaxy Surfactants Gati Himatseide Hind Copper Insecticides IRB Infra Kolte Patil Lakshmi Vilas Bk Minda Corp InfoEdge NMDC Pfizer Shipping Corp Spicejet Teamlease Zydus Wellness
#stockstowatch NBFCs: RBI mandates extent of asset-liability mismatches in different maturity buckets + Draft circular Manpasand Beverages MD, CFO arrested in GST fraud Steel stocks - DCE iron ore +3% Results Reported: Good- NCC, IGL, Future Retail Mixed- Bata Weak- Page Inds
Key Results Today: Zee Ent GAIL Adani Ports Abbott India AIA Engg Adani Gas Bayer CropSc Century Ply Colgate Emami Eveready Future Ent Force Motors HAL Interglobe Aviation Motherson Mphasis Natco Pharma NHPC Prestige Estate Thomas Cook
GIC (General Insurance Corp) has provided Rs 439 Cr towards IL&FS exposure (debenture) in FY19
Key #earnings On Friday: JSW Steel Ashok Leyland Bata Dish TV Grasim IGL Page Inds AstraZeneca Pharma Advanced Enzymes Amber Ent Camlin Fine Coffee Day Dixon Tech Fortis Health Goodricke Heidelberg Cement HUDCO IDFC JSL Hisar NCC REC Unichem Labs Welspun India Whirlpool
Now that election verdict is out, lets shift focus to fundamentals. Crude oil has plummeted 5% on global equities sell off. I don't know if Indian markets will follow suit tomo but OMCs, aviation,paint cos etc are #stockstowatch