- 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 because once the vaccine development is completed , we have more dependency on distribution network. Big logistic company will gain more in terms of market competitions.
- MSCI Change will to get more inflow into D Street -MSCI has confirmed that they will implement new regism regarding Foreign Ownership limit in November . Due to change in MSCI , India’s weight in its emerging market 0.60% that is 8.7% from current level 8.1%. Due to change in MSCI will Bring inflow of RS.18,000cr and from this resigm kotak Mahindra Bank , IPca Lab , Pidilitte industries ,Bajaj Finance , Britannia , Nestle will get more benefits. MSCI Index is used to track Indian stock overseas with several passive funds replication their portfolios according to the stock weight age that the index carries.
- Airtel’s results:- Yesterday Airtel come with positive results for Investors. They have shown 22 % growth in sales since 2011 and they manage to narrow there losses on YOY basis. They recorded losses of RS.763 cr which is much lower then last Years loss that is 23,405cr.During this quarter they had add 1.4c r who use 4g network services. Airtel Also paid more than 10% of the AGR due. Overall looking to market conditions we see positive growth In Airtel but still there is slow growth in telecom sector until unless change in govt policy.
- ICICI pru Life Q2 Results :- ICICI pru reported flat growth in profit for the September quarter yoy basis of Rs.303cr. Net premium earned by ICICI pru life was 8572 crore in September quarter with net investment income stood of Rs.8118 crore in second Quarter. They have very strong VNB performance for the quarter. VNB ( Value of New Business ) is used to measure profitability of new business written in a period.it represents the value of all future profits to new business contacts. As a market opportunity post lock down as well we can see positive growth in this industries and Market leader will get most benefits from this opportunities.
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