Page 2311 - Markets News
Adani Gas Q4 PBT up 30% at Rs 156 cr, CNG volumes dip due to Covid-19
With demand from industrial, commercial and transportation down, the hit on volumes is expected to be higher for the June quarter
 "Adani Gas Q4 PBT up 30% at Rs 156 cr, CNG volumes dip due to Covid-19")
MARKET WRAP: RIL, HUL help Sensex end 199 pts up; Nifty settles at 9,251
All that happened in the markets today
 "MARKET WRAP: RIL, HUL help Sensex end 199 pts up; Nifty settles at 9,251")
Market Wrap, May 8: Here's all that happened in the markets today
BSE Sensex ended at 31,642.70, up 199 points or 0.63 per cent, with HUL (up nearly 5 per cent) being the top gainer and NTPC (down nearly 4 per cent) the biggest loser
 "Market Wrap, May 8: Here's all that happened in the markets today")
RBL Bank declines 12% from day's high in a firm market post Q4 results
The bank's total revenue jumped 33 per cent YoY to Rs 1,522 crore from Rs 1,148 crore reported in Q4FY19, while its net interest income came in at Rs 1,021 crore, up 38 per cent YoY from Rs 739 crore
 "RBL Bank declines 12% from day's high in a firm market post Q4 results")
RIL repositioning as consumer, tech co may push up stock price: J P Morgan
J P Morgan said that the core energy business could be staring at multi-year slump
 "RIL repositioning as consumer, tech co may push up stock price: J P Morgan")
Cyient locked in 10% lower circuit on lower-than-expected Q4 results
The company's March quarter (Q4F20) performance came below expectations on, both, revenue and margin terms largely due to the impact of Covid-19.
 "Cyient locked in 10% lower circuit on lower-than-expected Q4 results")
Laurus Labs under pressure, plunges 10% after multiple block deals
Till 12:44 pm, a combined 34.4 million equity shares, representing 32.2 per cent of total equity of Laurus Labs, changed hands on the BSE and NSE.
 "Laurus Labs under pressure, plunges 10% after multiple block deals")
Tech-related firms in focus; PPFAS adds Microsoft to portfolio in April
Microsoft is one of the leaders in the cloud computing segment segment, besides Alphabet (Google) and Amazon, making the stock attractive
 "Tech-related firms in focus; PPFAS adds Microsoft to portfolio in April")
Hindalco gains 5% after unit Novelis' Q4 results; brokerages maintain 'buy'
Novelis informed that its net income attributable to its common shareholder came in at $63 million for the quarter under review, down 39 per cent year-on-year (YoY
 "Hindalco gains 5% after unit Novelis' Q4 results; brokerages maintain 'buy'")
Asian Paints extends loss into 8th day on report RIL mulls stake sale
The company controlled by Mukesh Ambani, is in discussions with banks for a potential sale of its 4.9 per cent stake in Asian Paints through a series of block trades, reports suggest.
 "Asian Paints extends loss into 8th day on report RIL mulls stake sale")
Dr Reddy's hits 52-week high after USFDA issues EIR for Srikakulam facility
The company said, with this, all facilities under warning letter are now determined as Voluntary Action Indicated (VAI)
 "Dr Reddy's hits 52-week high after USFDA issues EIR for Srikakulam facility")
RIL trades 3% higher on Vista Equity deal; rallies 30% in one month
Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks.
 "RIL trades 3% higher on Vista Equity deal; rallies 30% in one month")
Stocks to watch: RIL, Tata Motors, RBL Bk, Adani Gas, SBI Cards, SKF India
Here's a look at the top stocks that may remain in focus today
 "Stocks to watch: RIL, Tata Motors, RBL Bk, Adani Gas, SBI Cards, SKF India")
Market Ahead, May 8: All You Need To Know Before The Opening Bell
A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today
 "Market Ahead, May 8: All You Need To Know Before The Opening Bell")
ICICI Bank Q4 preview: Profit may jump 3x YoY, loans under moratorium eyed
Analysts would track the management's commentary on Covid-19 related impact, traction in deposits post investment in YES Bank, movement of reported GNPAs, and moratorium utilised by customers
 "ICICI Bank Q4 preview: Profit may jump 3x YoY, loans under moratorium eyed")
Return money to investors as soon as possible: Sebi to Franklin Templeton
Over Rs 25,000 crore ($3.3 billion) worth of investments belonging to 300,000 investors are currently stuck in the six debt schemes wound up by the fund house
 "Return money to investors as soon as possible: Sebi to Franklin Templeton")
Sugar exports rise on weak rupee, strong demand from Indonesia, Iran
Sugar mills have already dispatched 3.7 million tonnes out of around 4.1 million tonnes of contracts signed for exports in the 2019/20 marketing year ending on September 30
 "Sugar exports rise on weak rupee, strong demand from Indonesia, Iran")
Quint gets listed via little-known trading firm promoted by Raghav Bahl
In a related-party transaction, Raghav Bahl transfers digital content business from an unlisted firm to a listed one
 "Quint gets listed via little-known trading firm promoted by Raghav Bahl")
RIL's valuation premium hits all-time high of 830 bps; stock rises over 3%
It is trading at nearly 28 times its trailing earnings per share against Sensex's 19.4
 "RIL's valuation premium hits all-time high of 830 bps; stock rises over 3%")
Heavy lifting by SBI, others fail to do the trick for YES Bank
Though stock gained over 6%, Q4 numbers gave investors nothing to cheer about
 "Heavy lifting by SBI, others fail to do the trick for YES Bank")