Swastika Investmart Limited: Morning Stock Market News 11 April

NEWS UPDATES

March auto sales:

Tata Motors JLR

-Jaguar Land Rover (JLR) sales up 3 percent at 55,183 units (Y-o-Y)

-Jaguar sales up 19 percent at 11,731 units (Y-o-Y)

-Land Rover sales unchanged at 43,452 units (Y-o-Y)

Coal ministry receives 36 applications including Jindal Steel & Power , Tata Steel for 3 coal mines

-Government had put 3 mines in Jharkhand & West Bengal for auction in February

Bajaj Auto says

-Capable of meeting Maharashtra’s extra 3-wheeler demand

-Maharashtra government to issue 81,450 new 3-wheeler permits

-Gearing up to meet higher Maharashtra 3-wheeler demand

-Plan competitive financing schemes for 3-wheelers

Centre to consider Tata Steel ’s request for green nod in May

-Tata Steel seeks environment nod for its coal mine expansion project in Jharkhand

HCL Corporation CEO Roshni Nadar says no plans of any merger of HCL Infosystems & HCL Technologies

Crompton Greaves gets order from Power Grid for 6 substation automation systems

Tata Motors launches Aria variant at Rs 9.95 lakh ex-Delhi

Trent reappoints Philip Auld as CEO for three years w.e.f. May 1

RBI says FIIs need RBI nod to buy more IndusInd Bank shares as trigger limit reached

Ratnakar Bank receives Rs 328 crore capital infusion by leading global investors

Corporate action: SKF India ex-Dividend Rs 7.50/share

iGate Q1 (Q-o-Q)

-Net revenue at USD 302.20 million versus USD 299.30 million

-Net income at USD 31.60 million versus USD 33.10 million

-EPS at USD 0.29 versus USD 0.30

-Adjusted EBITDA at USD 75.20 million versus USD 74.70 million

-Gross margin at 37.5 percent versus 39.8 percent

[Source: Research4u]

Swastika Investmart Limited