IndusInd Bank Q4 Net Profit Matches Estimates In Q4

Gold Silver Reports (GSR) – IndusInd Bank Q4 Net Profit Matches Estimates In Q4 — Shares of the Mumbai-based private sector lender fell 1.6 percent to Rs 1,814 after it reported divergence in NPAs to the tune of Rs 1,350 crore in March quarter.         

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Bharat Dynamics Hits Record High On Signing Agreement With DRDO

Gold Silver Reports (GSR) – Bharat Dynamics Hits Record High On Signing Agreement With DRDO — Shares of the Hyderabad-based defence equipment maker rose as much as 4.25 percent to record high of Rs 421.90 after it signed an agreement with Defence Research Development Organisation (DRDO) for Astra MK-1 Weapon System.

Metal Stocks Gain After Aluminium, Copper Prices Rise On LME

Gold Silver Reports (GSR) – Metal Stocks Gain After Aluminium, Copper Prices Rise On LME – Shares of metal producers were trading higher led after copper and aluminium prices rose in international markets. Aluminium prices settled 5.49 percent higher on the London Metal Exchange. While, copper rose 2.1 percent in trade yesterday.

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DLF Is Said in Talks To Sell Noida, Delhi Assets To GIC Venture

Gold Silver Reports (GSR) – DLF Is Said in Talks To Sell Noida, Delhi Assets To GIC Venture – DLF is said to be in final stages of talks to transfer retail assets in Delhi and Noida to the recently formed venture with Singapore-based GIC Pte, Bloomberg reported, quoting a person with knowledge of the matter.

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Stocks Reacting To Earnings

Stocks Reacting To Earnings

Tata Sponge Iron (Q4, YoY)

✅ Stock rose as much as 2.7 percent to Rs 1,181.45.            

✅ Revenue up 46 percent at Rs 243.5 crore.          

✅ Net profit at Rs 47 crore versus Rs 21 crore.      

✅ Ebitda at Rs 61.5 crore versus Rs 25.5 crore.     

✅ Margin at 25.3 percent versus 15.3 percent.  

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Indian IT Companies Are Ageing, Says Aswath Damodaran

Gold Silver Reports (GSR) – Indian IT Companies Are Ageing, Says Aswath Damodaran – India’s information technology companies need to adapt in order to grow, as they reach a level of maturity in the market, said Aswath Damodaran, professor of finance at the NYU Stern School of Business   

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Indian Hume Pipe Jumps After Order Win

Gold Silver Reports (GSR) – Indian Hume Pipe Jumps After Order Win — Shares of the pipe maker rose as much as 8.9 percent to Rs 368.70, after it bagged a work order worth Rs 108.19 crore from the Gujarat government.

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