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| As on May 29, 2020 12:00 AM |
Your results on : Hot Pursuit |
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India's economy grew at 3.1% in Q4 March 2020. The gross domestic product (GDP) had expanded by 5.7% in the corresponding quarter of 2018-19, according to data released by the National Statistical Office (NSO) on Friday. In 2019-20, the Indian economy grew by 4.2% against 6.1% expansion recorded in 2018-19. The government has also revised down the GDP growth in Q1, Q2, and Q3 to 5.2%, 4.4%, and 4.1% respectively. Estimates will undergo revision as statutory data submission deadlines were extended by government in view of Covid-19 outbreak, Ministry of Statistics and Programme Implementation (MOSPI) said in a press note. Meanwhile, the growth rate of Index of Eight Core Industries for April 2020 declined by 38.1% (provisional) compared to decline of 9% (provisional) in March 2020. In view of nationwide lockdown during April 2020 due to COVID-19 pandemic, various industries viz. coal, cement, steel, natural gas, refinery, crude oil etc experienced substantial loss of production.
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The stock surged as much as 34.88% to hit the day's high of Rs 7.85 in mid-morning trade amid media reports that the US tech giant Google was planning to buy a 5% stake in the company. Vodafone Idea, however, clarified in mid-afternoon trade that it constantly evaluates various opportunities for enhancing the stakeholders' value. Currently, there is no proposal as reported by the media that is being considered at the board. Following the clarification, the stock sharply pared gains. It shed 16.43% from the day's high to end at Rs 6.56 on BSE. Reacting to the media report, a foreign brokerage reportedly stated that such a deal would be a strategic positive for Vodafone Idea but have little impact on leverage. Capital raise could become easier if Google invests, it added. The company's was hit hard in October 2019 after the Supreme Court of India had ruled in favor of the government on the AGR (adjusted gross revenue) issue, with grave revenue implications to the tune of over Rs 92,000 crore for the ailing telecom sector. Consequent to the SC judgement, Vodafone Idea needed to pay over Rs 53,000 crore as license fee, spectrum usage charge, interest and penalty dues to the DoT. On a consolidated basis, Vodafone Idea reported a net loss of Rs 5,807.24 crore in Q3 December 2019 as against a net loss of Rs 4,203.97 crore in Q3 December 2018. Net sales fell 5.75% to Rs 11,076.20 crore in Q3 December 2019 over Q3 December 2018. Vodafone Idea operates as a telecom service provider. The company offers 2G, 3G, and 4G mobile services, as well as mobile payments, advanced enterprise offerings, and entertainment.
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Profit before tax stood at Rs 269 crore in Q4 FY20, down 10.9% from Rs 302 crore in Q4 FY19. EBITDA during the quarter fell 7% to Rs 371 crore, from Rs 399 crore in the corresponding period last year. EBITDA margin stood at 10.1% in Q4 March 2020 as against 10.4% in Q4 March 2019. Consolidated net profit jumped 14.1% to Rs 566 crore on 8.8% rise in revenue from operations to Rs 11,965 crore in the year ended March 2020 (FY20) over the year ended March 2019 (FY19). PBT stood at Rs 790 crore in FY20, up by 4.4% from Rs 757 crore in FY19. EBITDA rose 7.30% to Rs 1,234 crore in FY20 over FY19. EBITDA margin stood at 10.3% in FY20 as against 10.5% in FY19. Vimal Kejriwal, MD & CEO, KEC International, commented, We are pleased that we have ended the year with growth both in terms of Revenue and Profitability, amidst unprecedented times. Our geographical and business portfolio diversification is paying off well in the current environment. Railways and our core T&D business have been the primary growth drivers this year. With the new orders announced last week, our year end order book along with current L1 pipeline stands at over Rs. 24,000 crore. Our robust and well diversified order book gives us confidence of delivering a strong performance in FY21. KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission and distribution, railways, civil, solar, smart infrastructure and cables. The scrip rose 1.11% to Rs 195 on Friday. It traded in the range of Rs 192.80 and Rs 199.95 during the day.
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Indiabulls Integrated Services Ltd, NESCO Ltd, Ashok Leyland Ltd and Chambal Fertilisers & Chemicals Ltd are among the other losers in the BSE's 'A' group today, 29 May 2020. Birla Corporation Ltd tumbled 5.02% to Rs 522 at 14:52 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 24817 shares were traded on the counter so far as against the average daily volumes of 35843 shares in the past one month. Indiabulls Integrated Services Ltd lost 4.15% to Rs 32.35. The stock was the second biggest loser in 'A' group.On the BSE, 12582 shares were traded on the counter so far as against the average daily volumes of 38037 shares in the past one month. NESCO Ltd crashed 3.27% to Rs 431.5. The stock was the third biggest loser in 'A' group.On the BSE, 10195 shares were traded on the counter so far as against the average daily volumes of 5815 shares in the past one month. Ashok Leyland Ltd dropped 3.27% to Rs 42.9. The stock was the fourth biggest loser in 'A' group.On the BSE, 15.01 lakh shares were traded on the counter so far as against the average daily volumes of 12.37 lakh shares in the past one month. Chambal Fertilisers & Chemicals Ltd fell 2.94% to Rs 128.55. The stock was the fifth biggest loser in 'A' group.On the BSE, 77041 shares were traded on the counter so far as against the average daily volumes of 79874 shares in the past one month.
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Umiya Tubes Ltd, ISMT Ltd, Apcotex Industries Ltd and Vinyl Chemicals (I) Ltd are among the other losers in the BSE's 'B' group today, 29 May 2020. Anjani Portland Cement Ltd lost 9.99% to Rs 133.35 at 14:38 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 4272 shares were traded on the counter so far as against the average daily volumes of 2704 shares in the past one month. Umiya Tubes Ltd crashed 9.95% to Rs 8.51. The stock was the second biggest loser in 'B' group.On the BSE, 1350 shares were traded on the counter so far as against the average daily volumes of 389 shares in the past one month. ISMT Ltd tumbled 7.79% to Rs 3.55. The stock was the third biggest loser in 'B' group.On the BSE, 70160 shares were traded on the counter so far as against the average daily volumes of 1.92 lakh shares in the past one month. Apcotex Industries Ltd corrected 6.79% to Rs 108.5. The stock was the fourth biggest loser in 'B' group.On the BSE, 6376 shares were traded on the counter so far as against the average daily volumes of 4421 shares in the past one month. Vinyl Chemicals (I) Ltd shed 6.71% to Rs 109.2. The stock was the fifth biggest loser in 'B' group.On the BSE, 57022 shares were traded on the counter so far as against the average daily volumes of 63598 shares in the past one month.
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IFCI Ltd, Sundram Fasteners Ltd, Rain Industries Ltd, GMR Infrastructure Ltd are among the other stocks to see a surge in volumes on NSE today, 29 May 2020. Federal-Mogul Goetze (India) Ltd saw volume of 8425 shares by 14:15 IST on NSE, a 11 fold spurt over two-week average daily volume of 766 shares. The stock increased 9.99% to Rs.405.75. Volumes stood at 2821 shares in the last session. IFCI Ltd notched up volume of 119.75 lakh shares by 14:19 IST on NSE, a 8.88 fold spurt over two-week average daily volume of 13.49 lakh shares. The stock rose 18.52% to Rs.4.80. Volumes stood at 12.24 lakh shares in the last session. Sundram Fasteners Ltd notched up volume of 6.31 lakh shares by 14:19 IST on NSE, a 8.52 fold spurt over two-week average daily volume of 74035 shares. The stock rose 6.33% to Rs.309.25. Volumes stood at 41860 shares in the last session. Rain Industries Ltd witnessed volume of 74.71 lakh shares by 14:19 IST on NSE, a 7.64 times surge over two-week average daily volume of 9.78 lakh shares. The stock increased 13.17% to Rs.78.65. Volumes stood at 13.09 lakh shares in the last session. GMR Infrastructure Ltd recorded volume of 349.02 lakh shares by 14:19 IST on NSE, a 7.35 times surge over two-week average daily volume of 47.46 lakh shares. The stock gained 8.43% to Rs.19.30. Volumes stood at 69.99 lakh shares in the last session.
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The stock has added 20.2% in five sessions while the S&P BSE 500 index (of which it is a constituent) has gained 4.2% during the same period. As per NSE bulk deals data, CLS Investments bought 19.99 lakh shares or 0.73% stake in the company yesterday (28 May) at an average price of Rs 46.91 per shares. On a consolidated basis, the company's net profit fell 5% to Rs 69.05 crore on a 8.9% rise in net sales to Rs 907.07 crore in Q4 March 2020 over Q3 December 2019. KPIT Technologies operates as a technology company. The company specializes in embedded software, artificial intelligence, and digital solutions and serves automobile industry worldwide.
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Among the components of the S&P BSE BANKEX index, Axis Bank Ltd (up 1.85%), HDFC Bank Ltd (up 0.67%), Kotak Mahindra Bank Ltd (up 0.43%), and ICICI Bank Ltd (up 0.24%), were the top losers. On the other hand, Federal Bank Ltd (up 5.26%), City Union Bank Ltd (up 3.32%), and RBL Bank Ltd (up 3.13%) turned up. At 13:53 IST, the S&P BSE Sensex was down 3 or 0.01% at 32197.59. The Nifty 50 index was up 17.15 points or 0.18% at 9507.25. The S&P BSE Small-Cap index was up 159.57 points or 1.48% at 10928.91. The S&P BSE 150 Midcap Index index was up 58.41 points or 1.52% at 3897.18. On BSE,1373 shares were trading in green, 794 were trading in red and 155 were unchanged.
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Among the components of the S&P BSE Telecom index, Bharti Airtel Ltd (up 3.02%), Reliance Communications Ltd (up 1.2%), and Vindhya Telelinks Ltd (up 1.15%), were the top losers. On the other hand, Vodafone Idea Ltd (up 28.69%), HFCL Ltd (up 9.94%), and Mahanagar Telephone Nigam Ltd (up 4.91%) moved up. At 13:53 IST, the S&P BSE Sensex was down 3 or 0.01% at 32197.59. The Nifty 50 index was up 17.15 points or 0.18% at 9507.25. The S&P BSE Small-Cap index was up 159.57 points or 1.48% at 10928.91. The S&P BSE 150 Midcap Index index was up 58.41 points or 1.52% at 3897.18. On BSE,1373 shares were trading in green, 794 were trading in red and 155 were unchanged.
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Among the components of the S&P BSE IT Sector index, Ramco Systems Ltd (down 5.73%), Infosys Ltd (down 2.74%),Trigyn Technologies Ltd (down 2.72%),AXISCADES Engineering Technologies Ltd (down 2.51%),Nucleus Software Exports Ltd (down 1.14%), were the top losers. Among the other losers were eClerx Services Ltd (down 1.04%), Cigniti Technologies Ltd (down 1.02%), Persistent Systems Ltd (down 0.97%), Tata Consultancy Services Ltd (down 0.57%), and Accelya Solutions India Ltd (down 0.32%). On the other hand, Hinduja Global Solutions Ltd (up 8.64%), Mastek Ltd (up 7.93%), and Wipro Ltd (up 5.17%) moved up. At 13:53 IST, the S&P BSE Sensex was down 3 or 0.01% at 32197.59. The Nifty 50 index was up 17.15 points or 0.18% at 9507.25. The S&P BSE Small-Cap index was up 159.57 points or 1.48% at 10928.91. The S&P BSE 150 Midcap Index index was up 58.41 points or 1.52% at 3897.18. On BSE,1373 shares were trading in green, 794 were trading in red and 155 were unchanged.
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The scrip jumped 34.88% to hit the day's high at Rs 7.85 on the BSE. The counter clocked a volume of 23.68 crore shares as against its average trading volume of 5.51 crore shares in the past one quarter. On the NSE, the stock spurted 28.45% to Rs 7.45. The counter clocked a volume of 159.83 crore shares compared with its average trading volume of 44.12 crore shares in the past one quarter. The stock rose 34.48% to hit the day's high of Rs 7.80 on NSE today. For Vodafone Idea, an investment by Google could boost the likelihood of its survival, the reports added. A foreign brokerage reportedly said that such a deal would be a strategic positive for Vodafone Idea but have little impact on leverage. Capital raise could become easier if Google invests, it added. The company's was hit hard in October 2019 after the Supreme Court of India had ruled in favor of the government on the AGR (adjusted gross revenue) issue, with grave revenue implications to the tune of over Rs 92,000 crore for the ailing telecom sector. Consequent to the SC judgement, Vodafone Idea needed to pay over Rs 53,000 crore as licence fee, spectrum usage charge, interest and penalty dues to the DoT.
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| The stock has jumped 19% in four trading sessions from its previous closing low of Rs 37.35 on 22 May 2020. Federal Bank's net profit dropped 21.04% to Rs 301.23 crore on 19.27% increase in total income to Rs 4,107.95 crore in Q4 March 2020 over Q4 March 2019. Profit before tax (PBT) fell 32.09% to Rs 391.82 crore in Q4 March 2020 over Q4 March 2019. Tax expense fell 53.66% to Rs 90.59 crore during the period under review. The result was declared during market hours on 28 May 2020. On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 3,530.83 crore as on 31 March 2020 as against Rs 3,618.69 crore as on 31 December 2019 and Rs 3,260.68 crore as on 31 March 2019. The ratio of gross NPAs to gross advances stood at 2.84% as on 31 March 2020 as against 2.99% as on 31 December 2019 and 2.92% as on 31 March 2019. The ratio of net NPAs to net advances stood at 1.31% as on 31 March 2020 as against 1.63% as on 31 December 2019 and 1.48% as on 31 March 2019. Provisions and contingencies surged 219.25% to Rs 567.50 crore in Q4 March 2020 from Rs 177.76 crore in Q4 March 2019. Provision coverage ratio of the bank was at 72.48% as on 31 March 2020. Net interest income rose 11% year-on-year (YoY) to Rs 1216 crore during the quarter. Net interest margin stood at 3.04% in Q4 March 2020 compared with 3.17% in Q4 March 2019. Gross advances reached Rs 1,24,153.18 crore as on 31 March 2020 from Rs 1,11,829.27 crore as on 31 March 2019, registering a growth of 11.02%. Deposits grew 12.85% to reach Rs 1,52,290.09 crore as on 31 March 2020 from Rs 1,34,954.34 crore as on 31 March 2019. The Current Account-Savings Account (CASA) deposits reached Rs 45,450.24 crore as on 31 March 2020. Federal Bank operates through four segments: treasury, corporate or wholesale banking, retail banking and other banking operations. The bank has 1263 branches, 1937 ATMs/Recyclers as on 31 March 2020.
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City Union Bank Ltd gained for a third straight session today. The stock is quoting at Rs 132.75, up 2.63% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 9485.55. The Sensex is at 32082.66, down 0.37%. City Union Bank Ltd has slipped around 8.04% in last one month. Meanwhile, Nifty Private Bank index of which City Union Bank Ltd is a constituent, has slipped around 10.95% in last one month and is currently quoting at 10505.4, down 0.46% on the day. The volume in the stock stood at 7.41 lakh shares today, compared to the daily average of 15.44 lakh shares in last one month. The PE of the stock is 12.78 based on TTM earnings ending December 19.
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Dr Reddys Laboratories Ltd is up for a third straight session today. The stock is quoting at Rs 4001, up 2.91% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 9485.55. The Sensex is at 32082.66, down 0.37%. Dr Reddys Laboratories Ltd has gained around 1.64% in last one month. Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has gained around 3.64% in last one month and is currently quoting at 9464.5, up 2.14% on the day. The volume in the stock stood at 8.95 lakh shares today, compared to the daily average of 12.94 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 3995, up 3.28% on the day. Dr Reddys Laboratories Ltd is up 50.84% in last one year as compared to a 20.6% slide in NIFTY and a 14.07% slide in the Nifty Pharma index. The PE of the stock is 22 based on TTM earnings ending March 20.
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Welspun Corp Ltd rose for a third straight session today. The stock is quoting at Rs 61.35, up 4.96% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 9485.55. The Sensex is at 32082.66, down 0.37%. Welspun Corp Ltd has dropped around 5.83% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has dropped around 0.06% in last one month and is currently quoting at 1844.5, up 0.9% on the day. The volume in the stock stood at 16.98 lakh shares today, compared to the daily average of 5.85 lakh shares in last one month. The PE of the stock is 0 based on TTM earnings ending December 19.
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HCL Technologies Ltd is up for a third straight session today. The stock is quoting at Rs 549.05, up 1.18% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 9485.55. The Sensex is at 32082.66, down 0.37%. HCL Technologies Ltd has gained around 1.01% in last one month. Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has gained around 0.79% in last one month and is currently quoting at 14028.6, down 0.22% on the day. The volume in the stock stood at 35.3 lakh shares today, compared to the daily average of 61.2 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 545.15, up 0.78% on the day. HCL Technologies Ltd is up 1.85% in last one year as compared to a 20.6% slide in NIFTY and a 12.5% slide in the Nifty IT index. The PE of the stock is 16.47 based on TTM earnings ending March 20.
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Mindtree Ltd gained for a third straight session today. The stock is quoting at Rs 911.9, up 1.72% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 9485.55. The Sensex is at 32082.66, down 0.37%. Mindtree Ltd has slipped around 0.44% in last one month. Meanwhile, Nifty IT index of which Mindtree Ltd is a constituent, has slipped around 0.79% in last one month and is currently quoting at 14028.6, down 0.22% on the day. The volume in the stock stood at 8.15 lakh shares today, compared to the daily average of 9.86 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 909, up 1.61% on the day. Mindtree Ltd is down 6.96% in last one year as compared to a 20.6% drop in NIFTY and a 12.5% drop in the Nifty IT index. The PE of the stock is 23.35 based on TTM earnings ending March 20.
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Britannia Industries Ltd rose for a third straight session today. The stock is quoting at Rs 3359, up 1.08% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 9485.55. The Sensex is at 32082.66, down 0.37%. Britannia Industries Ltd has added around 6.1% in last one month. Meanwhile, Nifty FMCG index of which Britannia Industries Ltd is a constituent, has added around 0.36% in last one month and is currently quoting at 28451.6, up 1.12% on the day. The volume in the stock stood at 9.45 lakh shares today, compared to the daily average of 8.61 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 3342.8, up 1.44% on the day. Britannia Industries Ltd is up 16.34% in last one year as compared to a 20.6% fall in NIFTY and a 4.1% fall in the Nifty FMCG index. The PE of the stock is 58.15 based on TTM earnings ending December 19.
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Colgate-Palmolive (India) Ltd is up for a third straight session in a row. The stock is quoting at Rs 1343.5, up 3.48% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 9485.55. The Sensex is at 32082.66, down 0.37%. Colgate-Palmolive (India) Ltd has dropped around 7.92% in last one month. Meanwhile, Nifty FMCG index of which Colgate-Palmolive (India) Ltd is a constituent, has dropped around 0.36% in last one month and is currently quoting at 28451.6, up 1.12% on the day. The volume in the stock stood at 9.44 lakh shares today, compared to the daily average of 14.41 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1319.2, up 2.81% on the day. Colgate-Palmolive (India) Ltd is up 15.9% in last one year as compared to a 20.6% fall in NIFTY and a 4.1% fall in the Nifty FMCG index. The PE of the stock is 43.25 based on TTM earnings ending March 20.
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Bajaj Finserv Ltd is up for a third straight session in a row. The stock is quoting at Rs 4397.85, up 2.61% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 9485.55. The Sensex is at 32082.66, down 0.37%. Bajaj Finserv Ltd has dropped around 13.84% in last one month. Meanwhile, Nifty Financial Services index of which Bajaj Finserv Ltd is a constituent, has dropped around 10.96% in last one month and is currently quoting at 9426.65, down 0.15% on the day. The volume in the stock stood at 8.18 lakh shares today, compared to the daily average of 10.27 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 4386.95, up 2.81% on the day. Bajaj Finserv Ltd is down 46.54% in last one year as compared to a 20.6% drop in NIFTY and a 30.36% drop in the Nifty Financial Services index. The PE of the stock is 102.28 based on TTM earnings ending March 20.
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