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1 Wockhardt said it had agreed with the UK government to fill finish COVID 19 vaccines

1) Wockhardt said it had agreed with the UK government to fill-finish COVID-19 vaccines. The manufacturing will be undertaken at CP Pharmaceuticals, a subsidiary of Wockhardt based in Wrexham, North Wales. "As per the terms of the agreement, the company has reserved manufacturing capacity to allow for the supply of multiple vaccines to the UK government in its fight against COVID19, including AZD1222, the vaccine co-invented by the University of Oxford and its spinout company, Vaccitech, and licensed by AstraZeneca," the company said.2) Tata Motors reported better than expected Q1 results. Tata JLR EBITDA and EBITDA margin ahead of expectation. Company reported consol revenues declined ~48% YoY to Rs32000cr (expectation Rs25400cr), Consol EBITDA declined 79% YoY to Rs640cr – expectation loss Rs3010cr, Consol Adj. Net loss at Rs8380cr vs estimates Rs9800cr. JLR net realizations grew 20% YoY (+28% QoQ) to GBP58.5k (v/s est GBP49.2k). JLR net revenues declined 44% YoY to GBP2.9b (v/s est GBP2.4b). JLR EBITDA margins at 3.5% (-70bp YoY, -130bp QoQ, v/s est -3.6%). Beat on EBITDA was driven by a strong mix and cost cutting of GBP500m. S/A business revenues declined 80% YoY to Rs2670cr (v/s estimates Rs2240cr), EBITDA loss at Rs700cr vs estimates loss Rs1170cr & Net loss of Rs2140cr vs Rs2550cr. &Wockhardt #MOMarketUpdates #Indiastockmarket #Tatamotors #Nifty50 #NSE #BSE #Nifty #Sensex

Posted on : 03 Aug 2020 5:22 PM
Private Labs like Metropolis, Dr Lal Path Labs and Thyrocare gained 1 3 after the Maharashtra Government said that the peop...

Private Labs like Metropolis, Dr Lal Path Labs and Thyrocare gained 1-3% after the Maharashtra Government said that the people can test themselves for coronavirus infection at designated private laboratories in Mumbai without a doctor’s prescription. Earlier, a doctor’s prescription was needed for a test. #MOMarketUpdates #motilaloswal #metropolis #thyrocare #pathlabs #drlalpathlabs #covid #mumbai #stockmarket #nifty #sensex

Posted on : 08 Jul 2020 5:27 PM
Investing gives you the best return in the long run

Investing gives you the best return in the long run. No opportunity is missed as long as you stay invested in quality stocks. Reliance Industries becomes the first listed company to cross 11 lakh crore in market capitalisation. The stock prices have doubled from March 23rd as the company becomes a net debt-free.

Posted on : 19 Jun 2020 5:16 PM
1. Tata Coffee Ltd on Tuesday reported a 77 increase in consolidated net profit at Rs 62 crore for the quarter ended June

1. Tata Coffee Ltd on Tuesday reported a 77% increase in consolidated net profit at Rs 62 crore for the quarter ended June. Its net profit stood at Rs 35 crore in the year-ago period. Consolidated total income for the quarter higher at Rs 592 crore compared to Rs 472 crore for the corresponding quarter of the previous year, an increase of 26%, driven by improved performance from the value-added businesses.2. Pharma major Dr Reddy recorded smart rally after the company reported strong Q1 results. The company reported impressive revenue growth in European and North America. #MOMarketUpdates #DrReddy #TATACoffee #MotilalOswal #Companyresults #indianstockmarket #NSE #BSE #Nifty #Sensex

Posted on : 29 Jul 2020 5:00 PM
Bajaj Finance assets under moratorium has reduced to 15.5 as of June 30 from 27 in April 30

Bajaj Finance assets under moratorium has reduced to 15.5% as of June 30 from 27% in April 30. The sharp reduction in moratorium is very positive. #MOMarketUpdates #MotilalOswal #bajajfinance #stockmarket #nifty #sensex

Posted on : 07 Jul 2020 6:41 PM
Auto monthly sales volumes during the month of July will be announce on 1st August 2020

Auto monthly sales volumes during the month of July will be announce on 1st August 2020. Market hope of demand from auto sectors in the rural areas will be back due to good monsoon. Rising MSP and strong growth in agriculture sectors will be positive for Auto sectors. Bajaj Auto, M&M Eicher Motor, Hero Motocorp and Maruti gained 2-4% today. #MOMarketUpdates #AutoSector #Nifty #Sensex #IndianStockMarket #MotilalOswal #Maruti #EicherMotors

Posted on : 28 Jul 2020 6:33 PM
 5 Financial Hurdles of Youngsters and Ways to Overcome Them. Click on the bio link to read more. ..

- 5 Financial Hurdles of Youngsters and Ways to Overcome Them. Click on the bio link to read more. ...

Posted on : 24 Jun 2020 6:13 PM
Tech Stocks Northbound journey continued in the tech stocks after better than expected Q1 results announced by Infosys, HC...

Tech Stocks - Northbound journey continued in the tech stocks after better than expected Q1 results announced by Infosys, HCL Tech and Wipro. Both the Tech giants Infosys and HCL Tech closed on a record high today. HDFC Bank- HDFC Bank reported Q1 net profits at Rs6660cr grew at 19.6% YoY (inline to our estimates at Rs6680cr) , NII growing at 8% YoY (3% QoQ) to Rs15660cr (expectation Rs15390cr). Other income declined 18% YoY to Rs4070cr (34% below estimates at Rs6140cr) affected by decline in fees & commission income (37% YoY/49% QoQ decline) due to lockdown . Total provisions spiked to Rs3890cr (49% YoY increase) – Expectation Rs4150cr. GNPA at 1.4% vs 1.3% (QoQ) – expectation 1.3%. NNPA at 0.3% vs 0.4% (expectation 0.4%). #MOMarketUpdates #HDFCBank #HCL #Infosys #MotilalOswal #Indianstockmarkets #nifty #sensex #nifty50 #nse #bse

Posted on : 20 Jul 2020 5:12 PM
Glenmark Pharmaceuticals shares surged 27 in todays trade

Glenmark Pharmaceuticals shares surged 27% in today’s trade. The company has launched antiviral drug Favipiravir, under the brand name FabiFlu, for the treatment of patients with mild to moderate Covid-19 infection at a price of about Rs 103 per tablet....

Posted on : 22 Jun 2020 5:00 PM

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