Daily Market Analysis – 30th Oct 2020
Government is being Aggressive for Air India Privatization Bid allowed on basis of Enterprise Value Due to uncertainties caused by Covid – 19, Bidding norms for the privatization of Air India is changed. Now we will see bidding on the basis of its Enterprise Value (EV). The EV will comprise of 15% cash payment to the government and debt takeover up to 85%. Earlier, The buyer was required...
Daily Market Analysis – 29th Oct 2020
SBI raises $1 Billion from a group of Japanese Lenders led by Japan Bank for International Cooperation (JBIC). The Sovereign backed JBIC will extend $600 Million, the rest will be funded by MUFG Bank, SMBC, Mizuho Bank, Shizuoka Bank and Bank of Yokohama. Japan offers Loans at relatively cheaper rates averaging around 2.4% from 1972 until 2020. India is one of the favored nations for...
Daily Market Analysis – 28th Oct 2020
Blue dart prepares for Vaccine Shipment – Blue Dart is now working with Pharma companies to prepare for covid -19 vaccine as there transfer partner. They are closely working with Pharma companies in covid vaccine development phase and there is specific requirement of temperature ( upto-80* c). we can see the good rally in logistic sector in next 1 years time...
Daily Market Analysis – 27th Oct 2020
The Johnson and Johnson coronavirus vaccine trial which has paused earlier this month due to an illness in a participant is all set to restart after an independent committee decided that, the illness was not related to the vaccine. Johnson and Johnson may come out with the vaccine as early as January 2021. Tata Motors has received an order for 6400 Tata Mini Gold from the Andhra...
Daily Market Analysis – 26th Oct 2020
IndusInd Bank says report on merger with Kotak Mahindra Bank is untrue and malicious IndusInd Bank said that the management is not aware of any deal talks with Kotak Mahindra Bank and the promoters have already denied the merger report. IIHL is promoted by the Hindujas and a broad base of other successful NRIs from the overseas Indian diaspora. Kotak Mahindra Bank has denied commenting on...
Daily Market Analysis – 23rd Oct 2020
SBI Cards and payment services 2nd quarter showed impact of Covid 19 on unsecured loans. SBI Cards reported that its gross NPA rose to 4.3% from 1.4% in April- June Quarter. On Sept 3rd, SC had said, accounts not declared NPA’S till August 31 are not to be declared NPA’s till further orders and SBI Cards have not considered those. Analyst say if they take into account those as well, NPA’s...
Daily Market Analysis – 22nd Oct 2020
Ecommerce Giant Amazon and Walmart owned Flipkart Group had a separate discussion with Aditya Birla Fashion & Retail (which owns brands like Pantaloons, Allen Solly & Peter England) to acquire a minor stake. According to the sources, offline retailers specifically in the fashion & apparel segment, have been severely hit by the covid 19 pandemic & the resulting...
Daily Market Analysis – 21st Oct 2020
Hindustan Unilever (HUL) Q2 earnings beat estimates. HUL profit rises by 8.7% to Rs. 2,009 crore compared to Rs. 1,848 crore in the same period last year. Revenue from operations increased by 16.1% to Rs. 11,442 cr in Q2FY21 compared to Rs. 9,852 cr in the corresponding period last fiscal year. The operations and service levels of the company are now back to Pre- COVID levels and have...
Daily Market Analysis – 20th Oct 2020
Dr. Reddy’s receives DCGI approval to conduct phase 2/3 trials of the Sputnik V vaccine in India Dr. Reddy’s Laboratories (DRL) has received regulatory approval from the Drugs Controller General of India (DCGI) to conduct mid-to-late-stage human trials for Russia’s Sputnik V vaccine candidate in India. The developments bring India a step closer to potentially getting a Covid-19 vaccine by...