Stocks Reacting To Earnings

Stocks Reacting To Earnings

Tata Sponge Iron (Q4, YoY)

✅ Stock rose as much as 2.7 percent to Rs 1,181.45.            

✅ Revenue up 46 percent at Rs 243.5 crore.          

✅ Net profit at Rs 47 crore versus Rs 21 crore.      

✅ Ebitda at Rs 61.5 crore versus Rs 25.5 crore.     

✅ Margin at 25.3 percent versus 15.3 percent.  

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Trump Slams TPP Again Ahead of Trade Talks With Japan’s Abe

Gold Silver Reports (GSR) – Trump Slams TPP Again Ahead of Trade Talks With Japan’s Abe — While Japan and South Korea would like us to go back into TPP, I don’t like the deal for the United States, Trump wrote. “Too many contingencies and no way to get out if it doesn’t work. Bilateral deals are far more efficient, profitable and better for OUR workers. Look how bad WTO is to U.S.,” he said referring to the World Trade Organization.             

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Indian IT Companies Are Ageing, Says Aswath Damodaran

Gold Silver Reports (GSR) – Indian IT Companies Are Ageing, Says Aswath Damodaran – India’s information technology companies need to adapt in order to grow, as they reach a level of maturity in the market, said Aswath Damodaran, professor of finance at the NYU Stern School of Business   

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Indian Hume Pipe Jumps After Order Win

Gold Silver Reports (GSR) – Indian Hume Pipe Jumps After Order Win — Shares of the pipe maker rose as much as 8.9 percent to Rs 368.70, after it bagged a work order worth Rs 108.19 crore from the Gujarat government.

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Lupin Gains After Receiving Green Signal From FDA

Gold Silver Reports – Lupin Gains After Receiving Green Signal From FDA — Lupin Gains After Receiving Green Signal From FDA – Shares of the drug maker extended gains for the fourth straight trading session, the longest winning streak in over two months. The stock rose a much as 1 percent to Rs 813.05.                      

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