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TOP CORPORATE NEWS- 29 OCT 2018

Tata Power gains ~13% on Q2FY19 results, favorable SC judgment Shares of Tata Power were trading 13% up in the afternoon session on a rally caused by a favorable judgment of the Supreme Court (SC) on the Power Purchase Agreements (PPA) as well as upbeat Q2FY19 numbers. The company reported a favorable result for Q2FY19

TOP CORPORATE NEWS- 26 OCT 2018

ITC slips after in-line Q2FY19 results Shares of ITC slipped over 2.5% on the BSE after the company’s Q2FY19 earnings came in-line with market expectations. PAT in the quarter grew 11.9% yoy to Rs2,954.7cr. Revenue (net of excise duty) grew 7.3% yoy to Rs11,068.9cr, in-line with the estimates. EBITDA grew 11.8% yoy to Rs4,206.0cr with

TOP CORPORATE NEWS- 25 OCT 2018

Tata Steel will acquire Usha Martin through Tata Sponge In an exchange filing, Tata Steel announced that it will not directly takeover Usha Martin’s steel business. Its associate Tata Sponge Iron will buy the unit through a slump sale fastening the group’s entry into steel manufacturing. The Rs4,700cr deal will be sealed in six-nine months.

TOP CORPORATE NEWS- 24 OCT 2018

Bajaj Auto trades at 52-week-low after Q2FY19 numbers Shares of Bajaj Auto hit their 52-week-low after falling over 4% on the NSE in the late noon trade on Wednesday after the company announced its Q2FY19 numbers. The company has reported a net profit of Rs1, 152cr in the three months ended September, an increase of

TOP CORPORATE NEWS- 23 OCT 2018

TVS Motors ends 4.5% up on strong Q2FY19 numbers Shares of TVS Motor Company Limited (TVSM) ended 4.5% higher on Tuesday after the company reported Q2FY19 numbers that beat street estimates. The company reported a strong set of numbers in Q2FY19 at all three levels – revenue, EBITDA, and PAT. Standalone revenue came in at

TOP CORPORATE NEWS- 22 OCT 2018

Unichem Lab surges after USFDA closes inspection of plants Shares of Unichem Laboratories surged in today’s session on the BSE. The company’s API manufacturing facilities at Pithampur and Roha have received Establishment Inspection Reports (EIRs) from the USFDA indicating closure of inspections at both the facilities. The inspection at Pithampur was conducted by the USFDA

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