Gold Silver Reports (GSR) – HCL Tech stock Meets Estimates In Q4; Sees Revenue Growth Of 9.5-11.5% In FY19 – The country’s third largest IT outsourcing firm reported March quarter earnings which came mostly in-line.
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Axis Bank Stock Rebounds Despite Posting Surprise Loss In March Quarter
Gold Silver Reports (GSR) – Axis Bank Stock Rebounds Despite Posting Surprise Loss In March Quarter – Shares of the Mumbai-based private sector lender rose as much as 5.88 percent, the most in over two months, to Rs 522.80. Axis Bank reported its first ever quarterly loss since listing as the bank accelerated recognition of bad loans, leading to a surge in provisions.
Emami Gains After Board Plans To Consider Bonus Issue
Gold Silver Reports (GSR) – Emami Gains After Board Plans To Consider Bonus Issue – Shares of the healthcare product maker rose as much as 7.3 percent, the most in over three months to Rs 1,204. The company said in a stock exchange filing that it plans to consider bonus shares and a dividend at a board meeting on May 3.
Raymond Rises On Thane Land Development Plans
Gold Silver Reports (GSR) – Raymond Rises On Thane Land Development Plans – Shares of the Mumbai-based textile maker rose as much as 4.54 percent, the most since April 9, to Rs 1,113 after its board approved Rs 300 crore development plan for 20 acres of land in Thane near Mumbai. Meanwhile, Raymond’s net profit in March quarter fell 61 percent to Rs 53 crore while its revenue rose 11 percent to Rs 1,630 crore.