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TVS Motor gained 7% after reported better than expected Q2 results – Company reported Ebitda Rs430cr (up 13% YoY) – expectation Rs407cr and Ebitda Margin 9.3% vs 8.8% - expectation 8.6%.· Cholamandalam Investment reported a 41% rise in profit after tax to Rs 432 crore for the September 2020 quarter, on improvement in net income margin and lower operational expenses. The diversified financial services company had posted a profit after tax of Rs 307 crore in the corresponding quarter of the previous financial year.The company's asset quality as on September 30, 2020, represented by stage-3 assets, stood at 2.75% with provision coverage of 43%. · HPCL board will consider share buyback on November 4. #MOMarketUpdates #MotilalOswal #HPCL #TVSMotors #IndianStockMarket #nifty #sensex #quaterlyresults #investing

Posted on : 30 Oct 2020 6:04 PM

1) Two-wheeler stocks are in momentum after Bajaj Auto reported better than expected September monthly sales data. Bajaj Auto September sales at 441306 unit, up 10% YoY while the expectation of 416081 units. 2) The government announced Cinema halls, multiplexes to reopen from 15th Oct 2020, with up to 50% capacity as nation gears up for Unlock 5. #MOMarketUpdates #MotilalOswal #Indianstockmarket #twoweeler #Bajaj #Hero #TVSmotor #PVR #Inox #Nifty #sensex

Posted on : 01 Oct 2020 5:06 PM

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