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

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:  HINDUSTAN UNILEVER SHARES REVIEW - FINCAREPLAN

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:  Is HDFC Life Sanchay Plus a worthy tax free guaranteed return option?

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

Disclaimer: The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the FinMedium or its members. The presentation of material therein does not imply the expression of any opinion whatsoever on the part of the FinMedium concerning the legal status of any company, country, area, or territory or of its authorities. For more info. please read our ToU & Privacy Policy here. If you have any concerns regarding this post, please reach out to us at finmedium@gmail.com

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

Join Them Now!


Akshada Deo

Akshada Deo

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