Gold Silver Reports (GSR) – Idea Cellular Stock Rises After Loss Narrows In March Quarter – Shares of the country’s third largest wireless carrier rose as much as 4.65 percent, the most in nearly four months, to Rs 72 after its loss narrowed in December-March quarter.
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India Vulnerable To Rise In Oil Prices, U.S. Yields Going Up
Gold Silver Reports (GSR) – India Vulnerable To Rise In Oil Prices, U.S. Yields Going Up – In an exclusive conversation with Vivek Rajpal of Nomura said Indian bonds are vulnerable to rise in oil prices, U.S. yields going up.
Hydro One Limited, Through its Subsidiaries, Operates as an Electrical Transmission and Distribution Utility in Ontario
Gold Silver Reports (GSR) – Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution utility in Ontario. The company has market cap of $9.45 billion. The firm owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and approximately 123,000 circuit kilometers of low-voltage distribution network; and 306 transmission stations, as well as 1,026 distribution and regulating stations. It has a 18.44 P/E ratio. It serves approximately 1.4 million residential and business clients across the province of Ontario, and large industrial clients and local distribution companies.
Maruti Suzuki Stock Rises Ahead Of March Quarter Earnings
Gold Silver Reports (GSR) – Maruti Suzuki Stock Rises Ahead Of March Quarter Earnings – Shares of the country’s largest car maker rose as much as 1.8 percent to Rs 9,109.75 ahead of its March quarter earnings.
Cyient Swings After Acquiring Semiconductor Firm
Gold Silver Reports (GSR) – Cyient Swings After Acquiring Semiconductor Firm – Shares of the software developer fluctuated between gains and losses and fell 1.5 percent to 750.10 as of 9:35 a.m. The company acquired semiconductor firm Ansem N.V. in an all-cash deal worth $17 million, according to its stock exchange filing.
Biocon Snaps Three-Day Gains Despite Posting Profit After 5 Quarters
Gold Silver Reports (GSR) – Biocon Snaps Three-Day Gains Despite Posting Profit After 5 Quarters – Shares of the Bangalore-based bio-pharmaceutical company fell as much as 1.8 percent, the most since April 4, to Rs 651.35 after its net profit rose for the first in five quarters.
Key earnings highlights:
🔥 Revenue up 26 percent at Rs 1,169.5 crore.
🔥 Net profit up 2 percent at Rs 130 crore.
🔥 Ebitda up 24 percent at Rs 232.5 crore.
🔥 Margin at 19.9 percent versus 20.3 percent.
Reliance Industries Stock At Record High Ahead Of Q4 Earnings
Gold Silver Reports (GSR) – Reliance Industries stock At Record High Ahead Of Q4 Earnings – Shares of the Mukesh Ambani-led oil-to-telecom conglomerate rose as much as 3.6 percent to record high of Rs 1,010.70 ahead of its March quarter earnings. Below are estimates of RIL’s March quarter earnings: