TODAY’S BIG EVENT For 07th September 2020, Monday
TODAY’S BIG EVENT For 07th September 2020, Monday
Vodafone idea ANNOUNCEMENT
BANKS also focus in .. INDUSIND BANK, IDFC FIRST, YES BANK , SBI .. big relief for them if any big announcement come frm co. For its survival
Stocks On News For 07th September 2020, Monday
Stocks On News For 07th September 2020, Monday
*Equitas Small Finance Bank* says moratorium book at 35 percent in August versus 43 percent in July 2020. (Positive)
*KCP Q1:* Revenues at Rs. 346.2 crore versus Rs 385.2 crore, Net Profit at Rs 34.2 crore versus Rs 26.9 crore YoY. (Positive)
*NLC Q1:* Revenues at Rs. 3065.0 crore versus Rs 2330.0 crore, Net Profit at Rs 343.0 crore versus Rs 283.0 crore YoY. (Positive)
*Hinduja Q1:* Revenues at Rs. 1235.0 crore versus Rs 1285.0 crore, Net Profit at Rs 49.2 crore versus Rs 44.8 crore YoY. (Positive)
*REC:* Subsidiary received a 10 MW solar power project order in Rajasthan. (Positive)
*Tata Steel* production back at 100% capacity, says TV Narendran (Positive)
*Vodafone Idea* to make strategic announcement at 11:45 am (Positive)
Silver Lake Partners is in talks to invest $1 billion for 10% stake in *Reliance* Retail. (Positive)
*GE Shipping:* has contracted to sell its 1996 built Very Large Gas Carrier Jag Vidhi of about 78,503 cbm (Positive)
*Sarda Energy*: Rating agency CRISIL has reaffirmed the company’s long-term rating to A+ and short-term rating at A1 with a stable outlook. (Positive)
*Subex:* has affirmed the Company’s long term issuer rating at ‘A-‘, while revising the outlook to ‘Positive’ from ‘Stable’. (Positive)
Govt liberalises definition of net worth for *BPCL* bidders; $10 billion criteria must for bidding. (Positive)
*Vodafone idea* board approves fund raising not exceeding Rs 25,000 cr. (Positive)
*Tata Motor DVR*: Tata sons bought 53.0 lakh shares of company. (Positive)
*Jubilant Industries* approved sale of land and building of manufacturing unit at Nimbut, Pune for Rs 12.35 crore. (Positive)
India open to raising duties on *auto* imports to boost local production. (Positive)
*REC* seeks shareholders’ nod to raise borrowing limit to Rs 4.5 lakh crore. (Positive)
*Endurance*: Based on an eligibility certificate from the Maharashtra government, the company is entitled to a cumulative incentive of Rs 466.39 crore (Positive)
*NALCO Q1:* Revenues at Rs. 1380.0 crore versus Rs 2084.0 crore, Net Profit at Rs 16.7 crore versus Rs 98.0 crore YoY. (Neutral)
*Jubilant Life Q1:* Revenues at Rs. 1893.0 crore versus Rs 2182.0 crore, Net Profit at Rs 88.0 crore versus Rs 185.0 crore YoY (Neutral)
*Repco Home Q1:* Revenues at Rs. 340.0 crore versus Rs 330.0 crore, Net Profit at Rs 69.5 crore versus Rs 67.4 crore YoY. (Neutral)
*FEL and Future Retail* Credit rating agency re-affirmed rating of the company (Neutral)
*Simbhaoli Q1:* Revenues at Rs. 383.7 crore versus Rs 295.7 crore, Net loss at Rs 4.9 crore versus loss of Rs 9.6 crore YoY. (Negative)
*ITC* Chairman Sanjiv Puri outlines three phases to reimagine the future. (Neutral)
*MRPL* to raise funds upto f 5,000 Crore through issue of NCDs/ Bonds. (Neutral)
*Moody’s:* cut rating for Bank Baroda, Canara, Union Bank, PNB and Bank India. (Negative)
*Seamec Q1:* Revenues at Rs. 36.9 crore versus Rs 102 crore, Net loss at Rs 3.3 crore versus profit of Rs 4.4 crore YoY. (Negative)
*RK Forge:* Rev Down 72% s 114 Cr, EBITDA Loss of Rs 5 Cr Vs PAT of Rs 72 Cr, Loss of 29.5 cr vs PAT of 13.8cr (Negative)
*Globus Spirits:* Perpetuity Health to Wealth Fund sold 1.5 lakh shares in the company at Rs 204.14 per share on the NSE. (Negative)
*Goodyear Q1:* Revenues at Rs. 226.0 crore versus Rs 490.0 crore, Net loss at Rs 4.7 crore versus profit of Rs 25.0 crore YoY (Negative)
*Shoppers Stop* has revised the credit rating and outlook assigned to the Company. (Negative)
*Aviation stocks:* Center orders refund of air tickets booked between Mar-25 and April-14 (Negative)