Gold Silver Reports (GSR) – Tata Coffee Falls After March Quarter Profit Slumps – Shares of the Bangalore-based coffee producer fell as much as 7.2 percent, the most in over three months, to Rs 123.70 after its profit in March quarter slumped.
Key earnings highlights:
📌 Net Profit down 86 percent at Rs 6.5 crore
📌 Revenue up 9 percent to Rs 440 crore
📌 EBITDA down 67 percent to Rs 37 crore
📌 EBITDA Margins at 8.5 percent versus 28.2 percent
Gold Silver Reports (GSR) – ICICI Bank Hits Two-Month High On Recognising Major Stressed Assets – Shares of the country’s third largest lender by market cap rose as much as 7.69 percent, the most in over six months, to Rs 311.65 as cheap valuations and lower stress from bad loans was seen trumping the steepest fall in quarterly profit since 2016.
By
Neal Bhai MFA Technical Analyst – 9582247600 and 9899900589
![Buy Nifty Above 15500, Target Price 16000—16200 [Buy on Dips]](https://www.goldsilverreports.com/wp-content/uploads/2018/04/nifty-50-stock-of-the-nationx11s@goldsilverreports-GSR.jpg)
Gold Silver Reports (GSR) – Stocks To Watch: ICICI Bank, Lupin, Tata Metaliks, Trident – The S&P BSE Sensex rose 0.84 percent or 292.76 points to 35,208.14 and the NSE Nifty 50 index climbed 0.92 percent or 97.25 points to 10,715.50.
Gold Silver Reports (GSR) – Karur Vysya Bank Rises As Rakesh Jhunjhunwala Raises Stake In March Quarter – Shares of the Tamil Nadu-based private sector lender rose 1.8 percent to Rs 105.85. Well-known investor Rakesh Jhunjhunwala raised his stake in the bank to 3.36 percent versus 3.09 percent in the previous quarter, according to the March shareholding pattern submitted by the bank to stock exchanges.
Gold Silver Reports (GSR) – Manpasand Beverages Gains On Agreement With Parle – Shares of the Vadodara-based fruit juice maker rose as much as 2.88 percent to Rs 392.65 after it signed an agreement with Parle to jointly distribute brands in Western India beginning with Gujarat.
Gold Silver Reports (GSR) – Reliance Infra Surges After JV Wins Contract For Versova-Bandra Sea Link – Shares of the Anil Ambani-led company rose as much as 2 percent to Rs 430.60. Reliance Infrastructure’s joint venture with Italy’s Astaldi won contract for Rs 7,000 crore Versova-Bandra sea link project in Mumbai.