Tuesday, October 30, 2018

Center is examining outright sale of IL&FS

Government  is examining options including an outright sale of Infrastructure Leasing & Financial Services, which has debt around Rs 90,000 Cr and defaulted.

Monday, October 29, 2018

Aditya Puri of HDFC Bank gets extension

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Reserve Bank of India has given its approval to reappoint Aditya Puri as managing director and chief executive officer of to HDFC Bank till October 2020.

The stock will react positively for the above news and may gain 3 to 4 percent in Tuesday's trade.

Sunday, October 28, 2018

ITC Q2 results : Cigarette segment revenue contribution comes down to 41%

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Cigarette cum FMCG cum Hotel major has come out with Q2 results today. 

Gross revenue for the quarter stood at Rs 12,195 crore, representing a growth of 14.7 per cent, driven mainly by FMCG, agri-business and hotels.

Cigarette segment contributed Rs 5026 Cr (41%, same quarter last year it was 42 plus), FMCG Rs 3160 Cr (26%), Agri Rs 2220 Cr (18%), Paper Rs 1425 Cr (12%) and Hotels Rs 363 Cr.

 The company’s profit before depreciation, interest and tax stood at Rs 4,206 crore, registering a rise of 11.8 per cent over the same period last fiscal.

 Net profit stood at Rs 2955 Cr, up by 12 percent.

ITC stock closed at Rs 280, down Rs 8 in Friday's trade.

Forthcoming IPO : Zoom Video Communications Inc



 
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Issue Details:



Issue size
$ 3 billions


Founder / CEO
Eric S yuan
Business
Online meetings, video webinars,cross -platform messaging etc.,
Listings
Nasdaq
Lead underwriter
Morgan Stanley
City  / Country
San Jose CA USA

Fiis withdrew 56600 Cr in last 2 months

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Foreign investors have pulled out a massive Rs 56,600 Cr from the Indian capital markets in the last 2  months on concerns over rupee depreciation, global trade war tiff and rising crude prices.

Due to this huge withdrawal, bench mark indices - Sensex and Nifty have lost more than 13% in the last 8 weeks.

Forthcoming IPO : Orchard Rx Limited

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Issue Details:
 
Issue open
31-10-2018
Issue size
1,33,33,333 shares
Price
$14-16
Promoters / CEO
Mark Rothera
Business
Biopharmaceutical company
Listings
Nasdaq Global
Lead underwriter
Cowen and Co, Goldman Sachs, J P Morgan
City  / Country
London / U K

Forthcoming IPO : Axonics Modulation Technologies Inc.

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Issue Details:
 

Issue open
01-11-2018
Issue size
66,67,000 shares
Price
$ 14-16
Promoters / CEO
Raymond W Cohen
Business
Medical device  Mfg company
Listings
Nasdaq Global
Lead underwriter
Bank Of America ML / Morgan Stanley
State / country
Irvine, CA / USA