Market Update for 30/07/2020: | Street-fluence

thumbnail
Reading Time: 3 minutes


WORLD MARKET

  • Technology giants Apple Inc., Amazon.com Inc. and Alphabet Inc. are due to report Thursday.
  • The Fed has kept rates pinned near zero since the outbreak’s onset in March and rolled out several emergency lending programs geared toward fostering liquid trading conditions in financial markets.
  • The Federal Reserve vowed to use all its tools to support the recovery from an economic downturn that Chair Jerome Powell called the most severe “in our lifetime.”
  • He also noted that there are signs that increases in infections are starting to weigh on activity.
  • U.S. second-quarter GDP is expected on Thursday.
  • Oil edged higher after the biggest decline in U.S. crude inventories this year, signalling a bright spot in a market weakened by Covid-19.
  • China PMI data comes Friday.

STOCK WISE NEWS

BPCL: Govt. extends EOI last date from 31st July to 30th September.

GMM PFAUDLER Q1FY21 RESULT UPDATE (YoY)

  • Net Profit Up 8.5% At 19.2 Cr Vs 17.7 Cr
  • Revenue Up 2.8% At 154.4 Cr Vs 150.3 Cr
  • EBITDA Flat At 27.5 Cr Vs 27.6 Cr
  • EBITDA Margin At 17.8% Vs 18.4%
Also Read on FinMedium:  On Money, Investing and Behaviour

CHAMBAL FERTILISER Q1FY21 RESULT UPDATE (YoY)

  • Net Profit Up 81.5% At 298.4 Cr Vs 164.4 Cr
  • Revenue Up 12.8% At 3,218.7 Cr Vs 2,854.7 Cr
  • EBITDA Up 32.5% At 591.2 Cr Vs 446.2 Cr
  • EBITDA Margin At 18.4% Vs 15.6%

IndiGo Q1FY21 RESULT UPDATE (YoY)

  • Revenue Down 91.9% At 766.7 Cr Vs 9,420.1 Cr
  • EBITDAR Loss At 1,421.2 Cr Vs EBITDAR Of 2,778.5 Cr
  • Net Loss At 2,844.3 Cr Vs Profit Of 1,203.1 Cr

TVS Motor Q1FY21 RESULT UPDATE (YoY)

  • Revenue Down 68% At 1,431.7 Cr Vs 4,468.6 Cr
  • EBITDA Loss At 48.8 Cr Vs EBITDA Of 355.8 Cr
  • Net Loss At 139.1 Cr Vs Profit Of 142.3 Cr

Bharti Airtel Q1FY21 RESULT UPDATE:

  • Net Loss At 15,933.1 Vs Poll of 500 Cr Loss
  • Revenue At 23,939 Vs Poll of 23,720 Cr
  • EBITDA At 10,639 Vs Poll of 10,170 Cr
  • Margin At 44.4% Poll Vs of 42.9%
  • ARPU 157 v/s 154
  • The net exceptional charge of Rs 11,745.7 due to AGR dues

Brokerage on Bharti Airtel:

  • CLSA: Avg Reve Per User (ARPU) Is Likely To Go Still Higher To `181. See Consolidated EBITDA Growth Of 27% In FY20-22
  • CITI: Another Impressive Performance Despite Challenges
  • Macquarie: Revenue 3% & EBITDA 4% Above Our Estimates
BROKERAGE UPDATE

Brokerage on Maruti:

  • JP Morgan :For Maruti investors should look beyond Q1
  • CS : Expect company to gain share and improve margins. Push up FY 21-23 EPS by 1/4%
BROKERAGE UPDATE

Brokerage on Colgate:

  • CS :Increase FY21/22 EPS Estimates By 6%/2%
  • Nomura: It’s One Of The Most Stable Cos In A Very Stable Daily Consumption Category
  • Kotak: Ahead-of-expectation Q1 Print On Strong Toothpaste Portfolio Performance
Brokerage update

EARNINGS TODAY: HDFC, Reliance Industries, Laurus Labs, Dabur, Ajanta Pharma, Cholamandalam, JM Financial, Karur Vysya Bank, Max Financial Services, SRF, Torrent Pharma

Also Read on FinMedium:  Market Update for 09/07/2020: – Street-fluence

FII sold 353 cr
GOLD 1960
DXY- 93.3
CRUDE- 44
Copper (LME)6,474.00 -0.05%
Aluminum (LME)1,725.00 +0.06%
Zinc (LME)2,297.00 +2.25%



Source link

Every Wednesday and Saturday, we send Info-Graphic and FinMedium Weekly Digest newsletters to our 25000+ Subscribers.

Join Them Now!

Please Share :)
Akshada Deo
Akshada posts the daily market updates in a summarized format. Stock Market, Literature, Music, and Design are her passions.
Back To Top