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Broader market trades firm
(10:27, 29 May 2020)

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The-domestic-equity-benchmarks-came-off-the-day's-low-in-morning-trade.-Investors-remained-cautious-ahead-of-the-release-of-India's-Q4-FY20-GDP-figures-today.-Traders-were-also-cautious-amid-rising-cases-of-coronavirus-in-India.-Locust-attacks-have-also-raised-worries-on-farm-output,-besides-tensions-at-the-India-China-border.-

At-10:28-IST,-the-barometer-index,-the-S&P-BSE-Sensex,-was-down-87.55-points-or-0.27%-at-32,113.04.-The-Nifty-50-index-was-down-7-points-or-0.07%-at-9,483.10.-

The-broader-market-was-trading-firm.-The-S&P-BSE-Mid-Cap-index-was-up-1.07%-while-the-S&P-BSE-Small-Cap-index-added-1.21%.-

The-market-breadth-was-positive.-On-the-BSE,-1109-shares-rose-and-610-shares-fell.-A-total-of-96-shares-were-unchanged.-In-the-Nifty-50-index,-32-shares-advanced-while-18-stocks-declined.-

Economy:-

India's-Q4-gross-domestic-product-(GDP)-data-will-be-announced-by-the-National-Statistical-Office-(NSO)-today,-29-May-2020.-The-Indian-economy-expanded-4.7%-yoy-in-Q3-December-2019.-

Meanwhile,-foreign-direct-investment-(FDI)-in-India-grew-by-13%-to-a-record-of-$49.97-billion-in-the-2019-20-financial-year,-data-showed.-The-country-had-received-FDI-of-$44.36-billion-during-April-March-2018-19.

Q4-Results-Today:

Voltas-(up-0.91%),-Metropolis-Healthcare-(up-0.37%),-3M-India-(up-0.96%),-Procter-&-Gamble-Health-(up-0.95%),-Shipping-Corporation-of-India-(down-0.41%),-Sundaram-Finance-(up-0.85%)-are-some-of-the-companies-that-will-announce-their-quarterly-earnings-today.

Earnings-Impact:

Radico-Khaitan-fell-1%-to-₹-318.20,-amid-profit-booking.-The-stock-has-added-8%-in-the-past-five-sessions-as-compared-to-benchmark-Sensex-which-had-risen-4%-during-the-same-period.

The-liquor-manufacturer-reported-20.2%-fall-in-consolidated-net-profit-to-₹-32.67-crore-on-14.8%-rise-in-net-sales-to-₹-585.36-crore-in-Q4-March-2020-over-Q4-March-2019.-Profit-before-tax-(PBT)-stood-at-₹-54.05-crore-in-Q4-FY20,-down-by-4.6%-to-₹-56.65-crore-in-Q4-FY19.-Current-tax-expense-surged-116.69%-YoY-to-₹-13.89-crore-during-the-quarter.

Total-volume-jumped-13.1%-to-5.82-million-cases-in-Q4-March-2020-over-Q4-March-2019.-Prestige-&-Above-segment-grew-11.3%-while-Regular-&-Others-segment-rose-13.8%-YoY-during-the-quarter.-Prestige-&-Above-segment-constituted-26.4%-of-the-total-volume-during-the-quarter-compared-with-26.8%-in-the-corresponding-period-of-the-previous-year.

Rain-Industries-surged-12.72%-to-₹-78.40-after-the-company's-consolidated-net-profit-jumped-54.8%-to-₹-106.5-crore-on-a-9.4%-decline-in-net-sales-to-₹-2897.65-crore-in-Q1-March-2020-over-Q1-March-2019.-Profit-before-tax-stood-at-₹-161.42-crore-in-Q1-CY20,-up-by-23.8%-from-₹-130.39-crore-in-Q1-CY19.-

Carbon-sales-volume-stood-at-692-thousand-metric-tons-(up-11.1%-YoY),-Advanced-Materials-sales-volume-were-at-97-thousand-metric-tons-(down-6.7%-YoY)-and-Cement-sales-volume-was-at-627-thousand-metric-tons-(down-6.3%-YoY)-in-the-first-quarter-of-the-calendar-year.-The-term-'YoY'-indicates-year-on-year-comparison.

Finance-costs-rose-by-23.8%-to-₹-119.52-crore-during-Q1-CY20,-as-compared-to-finance-costs-of-₹-130.39-crore-during-Q1-CY19.-Increase-in-cost-was-on-account-of-implementation-of-new-lease-standard-and-increase-in-working-capital-borrowings.-Total-expenditure-fell-13.6%-YoY-to-₹-2450.35-crore-in-Q1-March-2020.

Adjusted-EBITDA-in-the-first-quarter-of-the-calendar-year-2020-increased-by-52.3%-to-₹-557.9-crore-from-₹-366.4-crore-the-corresponding-period-last-year.-Adjusted-EBITDA-margin-stood-at-19.3%-in-Q1-CY20-as-compared-to-11.5%-in-Q1-CY19.

Based-on-management's-review-of-current-indicators-and-economic-conditions,-there-is-no-material-impact-on-its-financial-results-as-at-March-31,-2020”,-the-company-said-with-respect-to-the-impact-of-the-COVID-19-pandemic-on-its-business-operations.

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The-domestic-equity-benchmarks-came-off-the-day's-low-in-morning-trade.-Investors-remained-cautious-ahead-of-the-release-of-India's-Q4-FY20-GDP-figures-today.-Traders-were-also-cautious-amid-rising-cases-of-coronavirus-in-India.-Locust-attacks-have-also-raised-worries-on-farm-output,-besides-tensions-at-the-India-China-border.-

At-10:28-IST,-the-barometer-index,-the-S&P-BSE-Sensex,-was-down-87.55-points-or-0.27%-at-32,113.04.-The-Nifty-50-index-was-down-7-points-or-0.07%-at-9,483.10.-

The-broader-market-was-trading-firm.-The-S&P-BSE-Mid-Cap-index-was-up-1.07%-while-the-S&P-BSE-Small-Cap-index-added-1.21%.-

The-market-breadth-was-positive.-On-the-BSE,-1109-shares-rose-and-610-shares-fell.-A-total-of-96-shares-were-unchanged.-In-the-Nifty-50-index,-32-shares-advanced-while-18-stocks-declined.-

Economy:-

India's-Q4-gross-domestic-product-(GDP)-data-will-be-announced-by-the-National-Statistical-Office-(NSO)-today,-29-May-2020.-The-Indian-economy-expanded-4.7%-yoy-in-Q3-December-2019.-

Meanwhile,-foreign-direct-investment-(FDI)-in-India-grew-by-13%-to-a-record-of-$49.97-billion-in-the-2019-20-financial-year,-data-showed.-The-country-had-received-FDI-of-$44.36-billion-during-April-March-2018-19.

Q4-Results-Today:

Voltas-(up-0.91%),-Metropolis-Healthcare-(up-0.37%),-3M-India-(up-0.96%),-Procter-&-Gamble-Health-(up-0.95%),-Shipping-Corporation-of-India-(down-0.41%),-Sundaram-Finance-(up-0.85%)-are-some-of-the-companies-that-will-announce-their-quarterly-earnings-today.

Earnings-Impact:

Radico-Khaitan-fell-1%-to-₹-318.20,-amid-profit-booking.-The-stock-has-added-8%-in-the-past-five-sessions-as-compared-to-benchmark-Sensex-which-had-risen-4%-during-the-same-period.

The-liquor-manufacturer-reported-20.2%-fall-in-consolidated-net-profit-to-₹-32.67-crore-on-14.8%-rise-in-net-sales-to-₹-585.36-crore-in-Q4-March-2020-over-Q4-March-2019.-Profit-before-tax-(PBT)-stood-at-₹-54.05-crore-in-Q4-FY20,-down-by-4.6%-to-₹-56.65-crore-in-Q4-FY19.-Current-tax-expense-surged-116.69%-YoY-to-₹-13.89-crore-during-the-quarter.

Total-volume-jumped-13.1%-to-5.82-million-cases-in-Q4-March-2020-over-Q4-March-2019.-Prestige-&-Above-segment-grew-11.3%-while-Regular-&-Others-segment-rose-13.8%-YoY-during-the-quarter.-Prestige-&-Above-segment-constituted-26.4%-of-the-total-volume-during-the-quarter-compared-with-26.8%-in-the-corresponding-period-of-the-previous-year.

Rain-Industries-surged-12.72%-to-₹-78.40-after-the-company's-consolidated-net-profit-jumped-54.8%-to-₹-106.5-crore-on-a-9.4%-decline-in-net-sales-to-₹-2897.65-crore-in-Q1-March-2020-over-Q1-March-2019.-Profit-before-tax-stood-at-₹-161.42-crore-in-Q1-CY20,-up-by-23.8%-from-₹-130.39-crore-in-Q1-CY19.-

Carbon-sales-volume-stood-at-692-thousand-metric-tons-(up-11.1%-YoY),-Advanced-Materials-sales-volume-were-at-97-thousand-metric-tons-(down-6.7%-YoY)-and-Cement-sales-volume-was-at-627-thousand-metric-tons-(down-6.3%-YoY)-in-the-first-quarter-of-the-calendar-year.-The-term-'YoY'-indicates-year-on-year-comparison.

Finance-costs-rose-by-23.8%-to-₹-119.52-crore-during-Q1-CY20,-as-compared-to-finance-costs-of-₹-130.39-crore-during-Q1-CY19.-Increase-in-cost-was-on-account-of-implementation-of-new-lease-standard-and-increase-in-working-capital-borrowings.-Total-expenditure-fell-13.6%-YoY-to-₹-2450.35-crore-in-Q1-March-2020.

Adjusted-EBITDA-in-the-first-quarter-of-the-calendar-year-2020-increased-by-52.3%-to-₹-557.9-crore-from-₹-366.4-crore-the-corresponding-period-last-year.-Adjusted-EBITDA-margin-stood-at-19.3%-in-Q1-CY20-as-compared-to-11.5%-in-Q1-CY19.

Based-on-management's-review-of-current-indicators-and-economic-conditions,-there-is-no-material-impact-on-its-financial-results-as-at-March-31,-2020”,-the-company-said-with-respect-to-the-impact-of-the-COVID-19-pandemic-on-its-business-operations.

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