Category: Indian Stock Market

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)