TOday's Stock Market Corner

Daily Newsletter

Stock Corner:

1.                   Yes Bank reported healthy earnings for the quarter ended March 2018, with improvement in asset quality. Numbers beat analyst estimates on all parameters, with sequential decline in provisions for bad loans.

2.                   Shares of the RCOM fell 5% in the afternoon trade. The Supreme Court has ordered Reliance Communications to pay spectrum dues of Rs774cr to the telecom department by May 2 after the company moved the top court seeking more time to clear dues.

3.                   Indiabulls Real Estate gains after it reported a nearly 21-fold jump in consolidated net profit for the quarter ended March. Its net profit stood for the quarter at Rs 1,648.3 crore, as against Rs 79.8 crore in the year-ago period.

4.                   DHFL board meeting on April 30 to consider fundraising by way of further public issue of secured non-convertible debentures.

5.                   Fortis says Manipal-TPG sought to impose onerous conditions on the company that would cap ability for the competitive bid process.

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