Telecom major Bharti Airtel share prices were up over a percent in the morning trade on November 15. The company posted a massive loss of Rs 23,044.9 crore in Q2FY20, dented by exceptional loss for license fee and spectrum usage charge (SUC) especially after unfavourable verdict from Supreme Court on adjusted gross revenue (AGR) dues.It reported a loss of Rs 2,866 crore in the June quarter and a profit of Rs 118.8 crore in the year-ago period. An exceptional loss for the quarter stood at Rs 30,711 crore against Rs 144.9 crore in June quarter, the company said."Exceptional charge during the quarter ended September 30, 2019 was Rs 22,394.4 crore (net of tax) which comprises of a charge on account of license fee and SUC of Rs 16,815 crore and Rs 11,635 crore respectively; accelerated depreciation on 3G network equipment / operating costs on network re-farming and up-gradation program, incremental provision mainly pertaining to customary indemnities to a clutch of investors of Airtel … [Read more...] about Bharti Airtel share price gains despite dismal Q2 numbers; UBS retains buy
File ohio state taxes
The country's largest steel maker SAIL on November 14 posted a loss of Rs 342.84 crore for the July-September quarter of the current fiscal due to demand contraction and moderation in prices.The steel PSU had posted a standalone profit of Rs 553.69 crore in the second quarter of the previous fiscal.Income during the second quarter declined to Rs 14,286.18 crore, from Rs 16,832.37 crore in the year-ago period, SAIL said in a regulatory filing.Close Total expenses also fell to Rs 14,809.21 crore during the quarter from Rs 15,950.21 crore in the corresponding quarter of the previous fiscal. related news PM Modi emplanes for New Delhi after wrapping up 'very productive' BRICS Summit WeWork bond drops, spread hits a record on report of delayed share tender Nearly 75,000 BSNL employees have opted for VRS so far: Chairman The second quarter result was affected by a lot of factors on both domestic and global fronts, SAIL chairman Anil Kumar Chaudhary said. It is common … [Read more...] about SAIL logs Rs 343 cr loss in Q2
Shares of Cadila Healthcare gained 3 percent intraday on November 14, as global brokerage houses remained bullish on the stock, seeing more than 20 percent potential upside after Q2 earnings.CLSA has a buy call on the stock with a target price of Rs 285, a 27 percent potential upside from current levels, as valuations are attractive, considering long-term prospects.Profit was a miss due to a large impairment charge. Hence, the brokerage cut FY20 EPS estimates to build in the impairment charge and cut FY21-22 EPS estimates by 5 percent.Close It concerns about Moraiya have played out and even a small positive surprise could drive re-rating. related news Bharti Airtel share price gains despite dismal Q2 numbers; UBS retains buy SBI share price rises 2% on stake sale approval in SBI Cards Cipla share price falls nearly 3% after USFDA inspection Macquarie also retained an outperform rating and said it would buy the stock if it were to fall. The brokerage, however, … [Read more...] about Brokerages remain bullish, Cadila Healthcare share price up 3%
The Sensex has been zooming—it was at a near-record high of 40,749 on November 8—but the Midcap index is still 20 percent low from its best performance of 18,321 on January 9, 2018.But midcap is where the action is, say experts. In October 2019, the Nifty Midcap-100 was up 4.9 percent, compared to the Nifty’s rise of 3.5 percent. The Nifty Midcap100 P/E ratio has corrected from 19.8x in Oct’18 to 17.9x currently.Midcaps now trade at 5 percent discount to largecaps, says experts and select stocks could well turn out to be wealth creators in the next five years.Close “In valuation terms, the broader market excluding Nifty (stocks) is more attractive than the Nifty universe. In any recovery of the financial cycle, while major large caps lead the rally, it is the better valued mid and smallcaps that give higher returns in the longer time horizon,” Rahul Jain, Head, Edelweiss Personal Wealth Advisory told Moneycontrol. related news What changed … [Read more...] about Do you have risk appetite? These 11 midcaps can potentially double by 2024
Pakistan Prime Minister Imran Khan on February 19 said action would be taken against perpetrators of the Pulwama terrorist attack if India shares "actionable intelligence" with Islamabad.This, however, is not the first time that Pakistan has requested intelligence regarding an attack carried out on Indian soil and planned in the neighboring country. This is also not the first time that Pakistan has promised action in case of "actionable intelligence" being provided.For India, this is a been-there, done-that moment.Close 2016 Pathankot attack related news Jet Privilege goes for brand revamp; to be known as 'InterMiles' PM Modi emplanes for New Delhi after wrapping up 'very productive' BRICS Summit Gold worth Rs 52 lakh seized from passenger at Bhubaneshwar airport After the 2016 attack on a Pathankot airbase was linked to Jaish-e-Mohammed, an organisation led by Masood Azhar, who also planned and executed the Pulwama attack, a Joint Investigation Team … [Read more...] about All the times Pakistan vowed to take action: What came off them and where do the cases stand now?