: Latest #StockMarketNEWS by #MunafaSutra Daily Updates Maruti Suzuki posts 28 percent YoY fall in Q4 profit

@StockMarketNEWS Wed 13 May, 2020

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Maruti Suzuki posts 28% YoY fall in Q4 profit at Rs 1,322 crore
During the quarter, maruti sold a total of 385,025 vehicles, lower by 16% over the same period previous year

CPSE stocks rally; BHEL surges 25%, REC and Engineers India up over 10%
Rail vikas nigam, mstc, and india tourism development corporation were locked in 5 per cent upper circuit on the bse.

Vedanta delisting bid 'not serious', says Stakeholders Empowerment Services
Offer price of rs 87.5 akin to "questioning wisdom of investor", says governance firm.


Vedanta hits 10% upper circuit on delisting plan; stock up 27% in 3 days
Vedanta resources will offer rs 87.5 per share to nearly 49 per cent public shareholders of vedanta

Escorts hits over 2-month high ahead of Q4 results; stock up 18% in 6 days
Analysts believe outlook for the tractor industry for fy21 is positive with better rabi sowing, higher reservoir levels and adequate financing availability

PE/VC investments record third straight month of decline at 1 mn
In terms of volume, deals in april declined 34 per cent yoy and 12 per cent sequentially.

Nestle India slips 5% after Q1 profit margin contracts YoY
In q1cy20, the gross margins declined more-than-expected by 220 bps yoy to 56.3 per cent due to higher commodity costs, particularly milk and its derivatives.

Cement shares in focus; UltraTech, Ambuja, ACC gain over 5%
Shree cement, heidelbergcement india, india cements were also up in the range of 2-4 per cent

Jubilant Life, Cipla rally up to 6% on inking pact with Gilead Sciences
According to the statements issued by jubilant life and cipla, both the firms will have the right to register, manufacture and sell gilead's remdesivir
drug in 127 countries including india


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