PAT in line; Internals though seeing changes induced by COVID-19
Management succession key; Moratorium book under control at ~9%
* HDFC Bank (HDFCB) reported mixe..
Supporting the economy assumes primacy in MPC meeting…
…while being watchful of higher CPI inflation
* In what was being touted as a tough monetary ..
PLNG – Clarity affords focus
We hosted a two-day roadshow with Petronet LNG (PLNG) to understand the company’s future plans. The lucidity of the Tellurian..
Focused on navigating choppy waters
Higher exports and cash conservation to help tide over weak demand
* JSW Steel (JSTL)’s FY20 Annual Report highlights th..
A quarter of record-high revenue/EBITDA/PAT
FD/PFI – the backbone of strong earnings trajectory
* Post delivering spectacular earnings growth (76% YoY) in F..
Strengthening the balance sheet
* L&T Finance Holdings (LTFH) reported 1QFY21 PAT of INR1.47b. However, excluding the INR2.25b one-time gain on the sale of the We..
1QFY21 interim earnings review
Healthcare and Technology beat earnings estimates; forward estimates stabilize
* 1QFY21 earnings of 91 MOFSL Universe and 33 Nifty c..
Margin beat; Encouraging guidance
Valuations are the icing on the cake
* HCL Technologies (HCLT) reported EBITDA margin expansion (+20bp QoQ) despite the COVID-19..
Significant beat leads to 15% earnings upgrade; Expensive valuations drive Neutral rating
* Britannia Industries (BRIT) has been aided by a confluence of positive fac..
Third month of WPI deflation in Jun’20
Deflation lower than market expectation
* Wholesale Price Index (WPI) inflation stood at -1.8% YoY v/s -3.2% a month ..
Beat on margins; Stable outlook
Top client exposure warrants closer watch
* Mindtree’s revenue, excluding for the top account, plunged (~16% QoQ), largely w..
Dark horse, this time?
Multiple factors in favor
* Wipro’s ability to control costs and collections justifies the improvement in EBIT margin/cash conversion..
Accelya Solutions In Q4 net profit up 32.35% at Rs 24.71 cr
US dollar rises after Fed policy meeting
Rupee rises by 12 paise to Rs 69.05 against dollar
Headwinds recede for Tata Motors, but it is not out of the woods just yet
Infosys signs agreement with U.S. IRS; sees lower tax rate
iPhone 12 series may support China`s BeiDou navigation system
India to halt imports of 101 defence items - Rajnath Singh
Top Three Recommendations For Next Week By Mr. Santosh Meena, Swastika Investmart 09.08.2020
States asked to focus on reducing Covid mortality: Health Ministry
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