Real estate major, DLF, plans to launch a QIP in the June

  • Achiievers

Real estate major, DLF, plans to launch a QIP in the June to raise nearly Rs.4500 crore. The company has a target to become debt-free by March 2019 and this funding will help them defray part of their debt. The net debt of the company has come down substantially
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BANKS RALLY TAKES NIFTY CLOSER TO 10,700

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A day after Axis reported a huge loss of Rs.2188 crore, the stock was up by 6% on Friday. However, there is too much of a bet on the NPA cycle bottoming out at Axis, which appears to be quite farfetched at this point of time. The big pick around
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But why did the stock rally after the results?

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The Axis Bank Q4 results were shocking, to say the least. The net loss for the fourth quarter came in at a perilous level of Rs.2188 crore. This was largely driven by higher provisioning. The Gross NPAs for the quarter went up sharply to a level of 6.77%.
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The best of the market share story may be over for Jio

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When Reliance Industries announced its fourth quarter results, the focus was really on the telecom sector. After all, the refining and the petchem sectors had managed to stabilize their margins and the GRMs continue to enjoy a spread over the Singapore
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Fitch chooses not to upgrade India’s sovereign ratings

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After Moody’s had upgraded India’s sovereign rating, it was expected that Fitch may follow suit. However, Fitch decided to maintain status quo and retained India’s rating at the lowest Investment Grade category of BBB-. This rating must be seen
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Weekly Capsule (Apr 23 – Apr 27) and Impact Analysis

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News Announcement Impact Analysis Axis Bank reported a record loss of Rs.2100 crore in the fourth quarter The quarter saw the Gross NPAs of the bank going up to as high as 6.77% in the fourth quarter Interestingly, the stock of Axis
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Yes Bank delivered stellar results in the fourth quarter

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Yes Bank delivered stellar results in the fourth quarter ended March 2018. The company reported a 29% growth in PAT at Rs.1179 crore, sharply better than street estimates. This was led by a 31% growth in net interest income (NII). The two highlights of
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WEAK RUPEE PUTS PRESSURE ON THE NIFTY

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The INR weakened by 52 paisa to Rs.66.90/$ and that led to the Nifty falling sharply in later trades. Importers and banks rushed to cover and banking stocks were hit quite sharply in Wednesday trades.  As we had said in the morning note, the pressure
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