STOCKS ON RADAR:
Hindustan Unilever: 2019 Q3Profit rises 8.9 percent to Rs 1,444 crore versus Rs 1,326 crore; revenue increases 11.3 percent to Rs 9,558 crore versus Rs 8,590 crore YoY. Volume growth unchanged at 10 percent (QoQ) & versus 11 percent YoY.
Reliance Industries: Q3 2019 Consolidated profit grows 7.7 percent to Rs 10,251 crore versus Rs 9,516 crore, revenue increases 9.1 percent to Rs 1.56 lakh crore versus Rs 1.43 lakh crore QoQ.
L&T Technology Services: Q3 2019 Profit falls 2.8 percent to Rs 185.6 crore versus Rs 191 crore; revenue rises 4 percent to Rs 1,316.9 crore versus Rs 1,266.1 crore; dollar revenue increases 4.8 percent to $185.7 million versus $177.2 million QoQ.
Aurobindo Pharma: Subsidiary Acrotech Biopharma LLC to buy 7 oncology drugs from US company Spectrum Pharma, to pay $160 million upfront and $140 million as milestone payments.
IIFL Holding😕 IIFL Finance to raise up to Rs 2,000 crore via NCDs.
DHFL: Brickwork Ratings India assigned BBB+ (SO) long term credit rating to Senior Pass Through Certificate (PTCs) worth Rs 1,375 crore.
PVV Infra: Board approved the allotment of 5,00,000 equity shares and 4,71,716 convertible equity share warrants at Rs 21 apiece to promoters and 3,30,000 equity shares and 6,00,000 convertible equity share warrants at Rs 21 apiece to other than Promoters on preferential basis.
UCO Bank: Board approved proposals to issue equity shares on preferential basis to Goverment of India against capital infusion of Rs 3,076 crore, to raise equity capital fund upto Rs 1,OOO crore through qualified institutions placement and to raise Tier- II capital upto Rs 500 crore.
Results Today: Wipro, Atul, MPS, NIIT Technologies, Muthoot Capital Services, Zee Learn, Larsen & Toubro Infotech, Kajaria Ceramics, Omax Autos, MT Educare, SBI Life Insurance Company, Dhanlaxmi Bank, 3i Infotech, ICICI Lombard General Insurance Company.