HDFC, TCS, Avenue Supermarts, ONGC and more

HDFC, TCS, Avenue Supermarts, ONGC and more

Key Highlights:

-India has recorded a complete of 8,447 circumstances, 7,409 energetic circumstances, 273 deaths and 764 recoveries. Within the final one week, confirmed  in India have doubled to eight,447 mark, whereas complete circumstances elevated by 909 in final 24 hours.

-Most states requested the Prime Minister to increase the lockdown for two extra weeks. 

– On Thrusday, Sensex closed 1,265  factors greater at 31,159 and Nifty ended 363 factors greater at 9,111.

Shares within the information at the moment: Here’s a record of prime shares which are prone to be in focus in Monday’s buying and selling session primarily based on newest developments.

HDFC: Individuals’s Financial institution Of China has purchased 1.01% stake in firm’s shareholding

TCS: Firm board plans to announce This fall, FY2019-20 outcomes on April 16, 2020.

Avenue Supermarts: Firm mentioned almost 50% of its shops stay closed for operations and that it continues to promote every day use important objects equivalent to grocery and FMCG merchandise. Total, considerably decrease than typical footfalls, the submitting added.

ONGC: The corporate terminates contract with Dolphin Offshore Enterprises India. The stability portion of the above contract to be accomplished shall be round Rs 222.32 cr. ONGC had additionally invoked 4 PBGs amounting to Rs36.63 cr given in reference to the above contract. The Firm is of the opinion that the above termination of contract and invocation of PBGs are unlawful and subsequently, applicable authorized motion shall be initiated towards ONGC as per the supply of the contract, the submitting added.

Amrutanjan Well being Care: We strongly imagine that our zero debt and money reserves constructed diligently over time will assist us come out of this pandemic with a place of power. Additionally our decrease priced SKUs like Rs 2 balm and Rs 22 Sanitary Serviette will see higher acceptance as individuals worth them throughout these taxing instances.

Seamec: Firm has bagged contract from ONGC for vessel Seamec II for a long run contract for a interval of 5 years. As per the NOA, the Vessel is to be deployed inside 150 days from the date of Notification of Award. The combination worth of the contract is USD 127,717,725 unique of GST.

Bharat Dynamics: Firm has recorded a turnover of Rs.3095 Crore (provisional and unaudited) for the monetary 12 months ended on March 31, 2020. The Order Guide of the Firm as on 01/04/2020 stands at Rs 7,413 cr acquired through the quarter ended 31 March 2020.

Sensex ends 1,265 factors greater, Nifty at 9,111; 5 components that fuelled the rally

Sensex, Nifty gained 11%: 10 components that moved the market this week

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