2 Min Weekly Wrap- May 3 Rd week

👉Vascon Engineering recieves work order of Rs.70.53 Crs from PWD , Chennai

👉Indian Hume pipe has received cancellation of order of Rs.578.50 cr from Madhya Pradesh Jal Nigam.

👉IOL Chemicals poster stellar numbers Q4FY18 PAT up by 475% 11.49cr vs 2cr in Q4FY17. FY18 Eps – 9.75.

👉PNB has reported highest ever loss for Q4 quater

👉JSW Steel Reported 67.2% jump in EBITA and PAT rose 3- fold to Rs. 2879 Crs aided by 6.4% jump in Margins to 25.4% & Revenues rose 17% for Last Quater of FY18.

👉Sayaji Industries has reported strong set of number with profit of Rs.6.6 Crs vs Rs.5.16 Crs for FY2018. EPS stood at Rs.21 vs 16.33 YoY for FY2018.

👉Voltas Full year Revenues increased 4.68% ,Net profit increased 11.16% to Rs. 577.90 Crs .EPS for full year is at Rs.17.30

👉Escorts a leading tractor manufacturer reported a Revenue of ~Rs.5100 Crs Vs ~ Rs4200 Crs and Net Profit Jumped drastically to more then Rs. 340 Crs Vs ~ Rs. 130 Cr. EPS stood at Rs. 41.42 Vs Rs.15.98 .A must stock to add for Long term Portfolio.

👉Paushak Limited reported a very strong Quater and ended a year on very possitive note. Revenues increased from Rs. 72 Crs to Rs. 104 Crs ,Profit increased from Rs.10.94 Crs to Rs. 21.47 Crs and Reported a EPS of Rs. 66.95 vs 34.12

👉Reliance Communications and Ericsson are ib advance talk to settle dues out of court (NCLT) . Reacting to these development Stock jumped more then 50% . These does not mean Worst is Over for company.

👉NCC Board to meet next week to consider raising of funds through Preferential allotment to promoters.

👉HUL Market cap overtakes ITC Market Cap. Good time to switch from HUL to ITC.

👉Bajaj Auto Q 4 Profit rises 40% to Rs. 1080 Crs . A good performance.

👉 Many PSU Banks have Recoded highest Losses for a fourth Quater

👉Many PSU Banks are trading towards 52 Week Lows due to their poor aperformance and high NPA.

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