Morning News Call - India, April 20 Reuters 3 hrs ago
(Morning News Call - India edition will not be published on Wednesday, April 21, on account of the Ram Navami holiday) To access a PDF version of this newsletter, please click here https://share.refinitiv.com/assets/newsletters/Indiamorning/MNC IN 04202021.pdf If you would like to receive this newsletter via email, please register at: https://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH • 11:00 am: Finance Minister Nirmala Sitharaman at Merchants’ Chamber of Commerce & Industry event. • 11:00 am: Bajaj Consumer management at an analyst call on 4Q earnings. • 3:00 pm: Commerce Minister Piyush Goyal to meet exporters to discuss export scenario. • 5:00 pm: MSME Minister Nitin Gadkari at Vedanta virtual press conference to unveil flagship scheme for MSMEs. PROMOTION LIVECHAT-REUTERS GLOBAL MARKETS FORUM Risa Grais-Targow, Director, Latin America at the Eurasia Group
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Key equity indices continued to trade with significant losses in morning trade. Selling was broad based with banks, financials, realty shares declining the most. A spike in domestic coronavirus cases and localized lockdown being announced by various state governments dented investors sentiment.
At 10:24 IST, the barometer index, the S&P BSE Sensex, was down 1201.29 points or 2.46% to 47,630.74. The Nifty 50 index lost 352.90 points or 2.41% to 14,264.95.
In the broader market, the S&P BSE Mid-Cap index fell 2.44% while the S&P BSE Small-Cap index slipped 2.04%.
The market breadth was weak. On the BSE, 486 shares rose and 2051 shares fell. A total of 138 shares were unchanged.
Bajaj Consumer posts over two-fold jump in Q4 profit at ₹55 cr
PTI
New Delhi |
Updated on
April 19, 2021
× FMCG firm Bajaj Consumer Care Ltd on Monday reported over two-fold growth in consolidated net profit at ₹54.67 crore for the fourth quarter ended March 31, 2021.
The company reported a net profit of ₹23.29 crore for January-March period a year ago, Bajaj Consumer Care said in a regulatory filing.
Its revenue from sale of goods was higher at ₹244.86 crore as against ₹172 crore in the year-ago period.
Total expenses of Bajaj Consumer Care, which operates mainly in the beauty care category, were at ₹189.17 crore as against ₹158.69 crore, up 19.21 per cent.