Gold Silver Reports (GSR) – Edelweiss Stock Swings After Fourth-Quarter Profit Meets Estimates – Shares of the financial services provider swung between gains and losses and traded at Rs 281 as of 1:30 p.M. after its fourth-quarter profit met analysts estimates.
✅ Net Profit up 46 percent at Rs 248 crore.
✅ Revenue up 35 percent at Rs 2,609 crore.
✅ Premium from insurance business at Rs 305 crore versus Rs 200 crore.
Gold Silver Reports (GSR) – Venky’s Pares Losses After Q4 Profit Gains – Shares of the Pune-based company parred losses and rose as much as 2.4 percent to Rs 3,999 after its profit gained in March quarter.
Gold Silver Reports (GSR) – Elpro International Gains 50% In Four Days, Surges To Record High – Shares of the medical equipment maker extended gains for the fourth day and rose as much as 15.9 percent to reach a record high at Rs 69.80. The stock gained nearly 50 percent in the last four trading sessions.
Pirojshaw Sarkari, CEO At Mahindra Logistics – Key highlights form the conversation:
✅ There is no one off incidence.
✅ Margin will continue to expand.
✅ Increase in value added services business to aid margins.
✅ Improved warehousing, distribution business post gst will help margin expansion.
Gold Silver Reports (GSR) – HCC Headed For Record Drop As Unit Defaults – Shares of the Mumbai-based infrastructure construction firm fell as much as 24.2 percent and is headed for steepest single-day loss since Jan. 1991 listing after unit. The company’s unit, Lavasa Corporation Ltd., is considering a resolution plan for its outstanding debt and is in the process of restructuring bonds after a payment default.
Gold Silver Reports (GSR) – Vedanta Declines Ahead Of Quarterly Results Announcement – Shares of the base metal producer extended declines for the second day and fell as much as 2.1 percent to Rs 277.35, ahead of its March quarter results announcement. Analysts surveyed by Bloomberg predict the company’s net profit to decline 13.7 percent on a yearly basis to Rs 2,579 crore.
Gold Silver Reports (GSR) – Iranians Go for Gold Amid Currency Turmoil, U.S. Tensions — Gold coin and bar demand in the Persian Gulf nation soared to 9.3 tons in the first quarter, a three-year high, on “investor concerns over worsening Iranian-U.S. relations and the prospect of currency controls,” the World Gold Council said Thursday in a report.