Lakshmi Suryakala Gudipati

1) HDFC Bank- Shashidhar Jagdishan is currently an Additional Director and Head of Finance, HR at HDFC Bank. Jagdishan was the bank's top choice among 3 shortlisted candidates. The bank had recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Garg's names for the post. Jagdishan joined HDFC Bank in 1996. Aditya Puri is set to retire in October 2020. HDFC Bank gained 3% after the news. 2) MCX witnessed smart rally today on account of impressive quarterly results. The market expectation that the MCX will be the major beneficiary on account of rising trading volumes on Gold and Silver. Natural Gas and Oil volatility (Natural gas gain 20%) will be a benefit for MCX. 3) The BMC has allowed shops to remain open on all seven days of the week during Unlock 3 from August 5. This comes after the Central government last month announced the third phase of Unlock 3 and issued new COVID-19 guidelines. Expect positive for Liquor stocks like United Spirits, Hotel (Indian Hotel) and Malls (Trent, Phoneix Mills). Gas #MOMaketUpdates #HDFCBank #MCX #Unlock3 #Gold #Silver #Natural #Indiastockmarket #MotialOswal #NSE #BSE #Nifty50

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