Reliance Industries Declines Nearly 3% Post Q4 Results, Silver Lake Deal
The oil-to-telecom conglomerate reported a 39 per cent fall in net profit to Rs 6,348 crore in the fourth quarter ended March 2020. – NDTV Profit – Latest
Month: May 2020
Lockdown dries up companies’ cash flows
Companies use working capital for their day-to-day expenses. – Stocks-Markets-Economic Times
Credit risk funds’ AUM see 26% fall in a week
From managing Rs 48,576 crore on April 30, AUM of 20 credit risk funds fell to Rs 36,008 crore by April 30, latest data from industry body Amfi showed. … Read More
Trending stocks: Reliance Industries share price down 1%
Shares of Reliance Industries Ltd. traded 0.64 per cent down in trade at 09:29AM on Monday . – Stocks-Markets-Economic Times
RIL says Silver Lake to invest Rs 5,656 crore in Jio Platforms
The move is expected to intensify RIL’s bid to become net zero debt company by March 2021. – Stocks-Markets-Economic Times
Early birds report impact on Q4 profits, but improved margins
Analysts had earlier estimated the impact of a nationwide lockdown that started on March 24 on the March quarter financials of India Inc. – Stocks-Markets-Economic Times
Local markets track Wall Street moods and moves, now more than ever
Historically, the proportion was 55-60 per cent since foreign portfolio investors (FPIs) account for over 40 per cent of the free float, Credit Suisse stated in a note. – … Read More
Contracts also locked, higher costs to hurt construction companies
Legal experts believe that contractors may get the extension of time but no support on the costs associated with the delays. – Stocks-Markets-Economic Times
Asian stocks slip as US-China tensions flare
South Korea’s KOSPI fell, Hong Kong’s Hang Seng returned from a two-session holiday with a 3.5% drop, while Australia’s ASX 200 eked out a 0.5% gain. – Stocks-Markets-Economic Times
Buy HUL, target pruce Rs 2,550: Edelweiss
The brokerage expects HUL to be a key beneficiary of the rural demand recovery. – Stocks-Markets-Economic Times