MOTHERSON SUMI RESTRUCTURING INTO DEMERGER : EXPLAINED ?

Updates on a business at Motherson Sumi Systems Ltd drove down the portions of the auto parts provider by about 5.7% on Last Session.

The Company restructuring has two segments. One, Motherson will Demerge its domestic wiring harness (DWH) division, which will be Listed Soon . Besides, advertiser holding organization, Samvardhana Motherson International Ltd (Samvardhana) will be converged into Motherson through an offer trade and will be renamed Samil. The recently shaped Samil would likewise claim 100% stake in worldwide auxiliary SMRP BV. Presently, Motherson and Samvardhana hold 51% and 49% stake in SMRP, separately.

The merger valuation is slanted towards the advertiser element, Samvardhan, which is esteemed at multiple times FY20 profit, barring SMRP income, state experts from Antique Stock Broking Ltd. The broking firm includes that these valuations are far higher than contending organizations in India and Europe . Experts at Jefferies India Pvt. Ltd state it’s basic to know further budgetary subtleties of the recently framed organizations to survey the effect of the move.

Demerger DWH business would have same shareholding as that of Motherson presently. Then again, the stake of the Promoter Company Can Be increased to 50.4% in the new merged Samil. As indicated by Antique, the advertiser gathering’s present stake remains at 36.4% in the Present .

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Q4 RESULTS FOR VODAFONE IDEA : EXPLAINED ?

Vodafone Idea posted lost Rs 11,643.5 crore for the financial final quarter, its seventh progressive three-month duration in the red, hurt by loss of endorsers, high account costs and a one-time charge related basically to its legal duty.

The telco cautioned of proceeded with danger to its suitability except if the Supreme Court permits it to pay the a large number of crores in balanced gross income (AGR) that it owes to the administration in portions, other than having the option to renegotiate reimburse ..

As of date, we have finished system coordination in 92% of complete area. Due to the continuation of across the country lockdown, the rest of the combination is relied upon to take longer than at first expected,” the telco said.

In any case, decrease in working costs for the quarter, barring permit expenses and range use charges and meandering and get to charges, implied that on an annualized premise, the telco had completely understood its objective merger opex cooperative energies of Rs 8400 crore.

Information utilization per client for Vodafone Idea rose to 11.5 GB from 10.7 GB in the monetary second from last quarter. In correlation, Airtel’s normal information utilization was 14.6 GB, while Jio’s remained at 11.3 GB.

Following quite a long while of hyper rivalry which prompted impractical evaluating, we expanded prepaid taxes toward the beginning of December 2019 over all value focuses for both boundless plans just as combo vouchers. Accordingly, income for the quarter improved to Rs. 117.5 billion, an expansion of 6.0% QoQ, the telco said.

Bharti Airtel, with a supporter base of 283.7 million, and Reliance Jio, with over 387.5 million clients.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

SENSEX UP 499 POINTS & NIFTY 127 POINTS UP IN TODAY’S TRADE : EXPLAINED WHY ?

RIL lifted the BSE benchmark Sensex higher on Today’s Trade with firm signals from world Markets and indications of green shoots in the economy supporting the conclusion on Street. An augmentation of lock down in a couple of states and quick rising Covid-19 cases, be that as it may, restricted upside for the market.

Benchmark Index’s picked up quality on the rear of information demonstrating that financial action might be balancing out. it was at a much more slow when comparing with May month. This offers ascend to the expectation that the economy might be developing out of one its most noticeably terrible periods as of late.

In the mean time, the Goods and administration charge (GST) assortments for June timed Rs 90,917 crore at net levels, 9 percent lower than that month a year ago, the division of income said Wednesday. Assortments are higher than those recorded in April and May – the pinnacle a very long time of lockdown because of the Covid 19 pandemic – where GST assortment for April was Rs 32,294 crore and Rs 62,009 crore for May.

In spite of the fact that the market pattern is certain, the upside is by all accounts topped and speculators are encouraged to follow a stock-explicit technique.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

MORE THAN 70 COMPANY SHARES TOUCHED NEW 52 WEEKS HIGH IN TODAY’S SESSION ?

Shares all Banks are Up like i.e.., of Axis Bank (up 3.95 percent) , Bank of Baroda (up 3.7 percent) , Federal Bank (up 3.24 percent) , State Bank of India (up 2.41 percent) , IndusInd Bank (up 2.34 percent) , Punjab National Bank (up 2.16 percent) , IDFC BANK (up 2.14 percent) , ICICI Bank (up 1.68 percent) , Bandhan Bank (up 1.63 percent) , HDFC Bank (up 1.45 percent) and RBLBANK (up 0.95 %) were among the top gainers.

While Kotak Mahindra Bank (down – 2.39 percent) were the top Looser in the today’s trade .

Benchmark NSE Nifty 50 was up 147 points at 10362.7, while the BSE Sensex was up 244.86 focuses at 35160.66.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

Q4 RESULTS FOR : GODFREY PHILLIPS INDIA :EXPLAINED ?

Net Profit Down 20% IN Q4 Results .

After Yesterdays Results Today Stock price Down Corrected 981.35 (-3.60%) when Comparing with previous day Close at 1017.95.

Cigarette producer Godfrey Phillips India Yesterday revealed a 20.5 percent decrease in consolidated net profit to Rs 38.43 crore for the final quarter finished March 31.

The organization had posted a net profit of Rs 48.34 crore during the January-March quarter of the past Year.

Its Total Income raised 4.82 percent to Rs 709.04 crore during the quarter under audit as against Rs 676.38 crore in the relating time frame.

Godfrey Phillips’ all Expenses at Rs 653.71 crore in Q4 FY 2019-20.

Its income from cigarette, tobacco and related items timed income of Rs 589.70 crore as contrasted and Rs 572.18 crore a year prior.

While income from retail and related items remained at Rs 91.43 crore as against Rs 73.24 crore, it said.

For the monetary 2019-20, Godfrey Phillips’ net Profit was up 47.90 percent to Rs 384.28 crore. It was Rs 259.82 crore in the earlier year.

Its Total Income in the financial was Rs 3,174.89 crore, up 17.97 percent It was Rs 2,691.34 crore in 2018-19 Last Financial Year .

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk

Q4 RESULTS FOR WELSPUN INDIA LTD :EXPLAINED ?

House textiles major Welspun India detailed a united net profit of Rs 90.59 crore in the final quarter finished March 31.

The organization had posted a combined overall deficit of Rs 78.43 crore in the year-back period, Welspun India said in an administrative documenting.

Total Income during the quarter under remained at Rs 1,664.46 crore as against Rs 1,600.94 crore in the relating quarter a year back. the organization posted a combined net profit of Rs 524.35 crore as contrasted and Rs 226.17 crore in 2018-19.

Total Income for FY20 remained at Rs 6,836.18 crore as contrasted and Rs 6,608.44 crore in FY19

Towards the finish of Q4FY20, the tasks of the organization were affected because of shutdown all things considered and workplaces all around, following the lock down forced by government specialists to contain spread of COVID-19 pandemic, Welspun India said.

The organization has Resumed Operations Started Slowly.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.