Amber Enterprises: Strong Headwinds
Amber Enterprises (Amber) manufactures room air-conditioners (RAC), indoor units (IDU), outdoor units (ODU) and split & window air-conditioners (WAC), on a contract basis. Amber also manufactures RAC and non-RAC components, making it a one-stop solutions provider for major brands, currently serving eight out of the  top-10 RAC brands in India (such as Voltas, Daikin, Panasonic, Whirlpool,...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
  • Nifty, Sensex continues to be under pressure – Tuesday closing report
    We had mentioned in Monday’s closing report that Nifty, Sensex crashed due to extension of lockdown and in response to the economic package.
     
    On Tuesday, the major indices opened high after a monster overnight rally in the US, when Dow was up by over 900 points, but corrected and ended with minor gains. On the NSE, there were 793 advances, 953 declines and 365 unchanged.
     
    The trends of the major indices in the course of Tuesday’s trading are given in the table below:
     
     
    Bharti Airtel reported a net loss of Rs 5,237 crore for the quarter ended in March 2020 due to impairment of assets. It had posted a consolidated loss of Rs 1,035.3 crore in the December quarter and a profit of Rs 107.2 crore in the March quarter in 2019. Its operating results were good which is why the stock was up more than 11%.
     
    Tata Consumer Products said it would acquire PepsiCo’s stake in NourishCo Beverages, a 50:50 JV between the two companies.
     
    Vedanta’s board has approved the de-listing from the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). 
     
    KEC International secured new orders of Rs 1,203 crore across its various businesses. Its transmission & distribution (T&D) business and SAE Towers have secured orders of Rs 917 crore. Its civil business has secured orders of Rs 176 crore.
     
    Natco Pharma donated chloroquine phosphate tablets via its marketing partner, Rising Pharmaceuticals, in the US to protect frontline healthcare workers from the COVID-19 infection.
     
    Laurus Labs received an approval from the US Food and Drug Administration under President's Emergency Plan for AIDS Relief for two abbreviated new drug applications (ANDAs), TLE 400 and TLE 600 tablets.
     
    Nesco reported 3.06% rise in net profits on year-on-year basis for the March 2020 quarter, at Rs52.91 crore. Revenues rose 22.91% y-o-y to Rs131.29 crore.
     
    Gabriel India reported 53.73% rise in net profits on year-on-year basis for the March 2020 quarter, at Rs26.58 crore. Revenues declined 16.61% y-o-y to Rs427.80 crore.
     
    Lupin announced the launch of authorized generic version of Bausch Health's Apriso (Mesalamine Extended-Release Capsules 0.375 g) in the U.S. The capsules are indicated for the maintenance of remission of ulcerative colitis in patients 18 years of age and older.
     
    Steel Strips Wheels has bagged firm exports orders for over 50,000 wheels for EU Caravan Trailer Market to be executed in July & August from its Chennai plant. This marks beginning of orders for new semester for this year indicating re-start of operations in EU post Covid lockdown. 
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
  • User 

    Nifty, Sensex Crashes over Extension of Lockdown and Financial Package – Monday closing report
    We had mentioned in last week’s closing report that Nifty, Sensex may trade in the last two weeks range. On Monday, the major indices suffered big losses. On the NSE, there were 406 advances, 1,400 declines and 330 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:
     
     
    Share prices crashed as markets were disappointed with the economic measures and extension of lockdown.
     
    Nippon Life India Asset Management posted decline in net profits during March 2020 quarter to Rs12 crore against Rs145 crore in March 2019 quarter. Revenues dipped to Rs255 crore against Rs324 crore in the previous year.
     
    Sterling and Wilson Solar signed its largest order in Australia with a value of around AUD 525 million. The solar EPC solutions provider said it has also signed two projects in India with leading global IPPs adding up to a value of Rs 620 crore. The Shapoorji Pallonji group company's cumulative order book in Australia added up to approximately AUD 1 billion (Rs 4,900 crore), making it amongst the largest solar EPCs in this very promising market.
     
    M&M Financial Services reported 66% fall on YoY basis in consolidated net profit at Rs 239 crore for March quarter 2019-20 due to higher provisions. Total income increased by 8% YoY to Rs 3,140 crore during the latest quarter.
     
    L&T Technology Services posted net profit of Rs 204.8 crore, up 7% YoY, for the quarter-ended March 2020. Revenue stood at Rs 1,446.6 crore, rising 8% YoY. The company’s growth in constant currency was 3.4%.
     
    Torrent Power posted net loss of Rs 274.92 crore for the quarter-ended March 2020, against net profit of Rs23.95 crore posted in the March 2019 quarter. Revenue stood at Rs 3,020.84 crore, rising 1.90% YoY.
     
    Maharashtra Scooters posted net profits of Rs107.14 crore in March 2020 quarter against Rs0.68 crore in the March 2019 quarter. Revenues rose to Rs6.30 crore in March 2020, against Rs3.37 crore in the previous year.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
     
  • User 

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 3 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)
    FREE: Your Complete Family Record Book
    Keep all the Personal and Financial Details of You & Your Family. In One Place So That`s Its Easy for Anyone to Find Anytime
    We promise not to share your email id with anyone