|
Daily
Newsletter
|
1.
Aviation
stocks on Monday took a beating on the back of rising oil prices, with maximum
fall seen in SpiceJet, which cracked 12 percent. Higher oil prices imply
increase in fuel costs for aviation companies, which will go on to hurt
profitability for these firms.
2.
Shares of
PSU banks were trading higher during the day’s trade as investors cheered the
reduction in bad loans of PSBs post completion of Bhushan Steel takeover.
3.
FMCG major,
Colgate-Palmolive India Monday reported a 10 percent rise in net profit at Rs
188.8 crore for the fourth quarter ended March 2018. The profit was driven by
an improvement in operating margins led by lower advertising costs and soft raw
material prices.
4.
Ashok
Leyland share price dropped nearly 9 percent after operational numbers in March
quarter missed analyst estimates. The second largest commercial vehicle maker
has reported a 40 percent growth year-on-year in profit at Rs 667.4 crore,
boosted by other income and revenue grew by 34 percent YoY to Rs 8,773 crore
for the quarter ended March 2017.
Missed call
@8817002233,WHATSAPP NO. 8602780449
Mail Us =
starindiamarket@gmail.com
Indian equity market is now trading on based on the results of the monitoring companies. TCS has disappointed with its outcome, while Infosys disappointed the market by reducing guidance.
ReplyDeleteStock Broker