#RBI issues revised framework for stressed asset resolution. Unintended beneficiaries of RBI’s bad loan resolution framework:
1. Players in ARC biz like #Kotak, #Edelweiss (to benefit from accelerated resolution)
2. Credit Rating Agencies (Enhanced business due to need of independent credit evaluation of residual debt) like #CRISIL #CARE Ratings
IOL Chemicals and Pharma starts production of anti-diabetes drug Metformin.
CG Power to sell Hungary business (excluding switchgear business) for 38 million euros. Deal expected to be completed by Mar. 31.
Precision Camshafts receives multiple orders worth Rs 275 Cr.
ITI Limited Q3 (YoY): Revenue up13.4% to 250.97 Cr Vs 221.25 Cr. Net Profit 76.24 Cr Vs Net Loss of 69.97 Cr.
Mirc Electronics Q3 (YoY): Revenue down 4 % at Rs 131 Cr. Net profit of Rs 3 Cr Vs Net loss of Rs 24.55 Cr.
Kolte Patil Q3 (YoY): Revenue up 27.2 % at Rs 288.3 Cr. Net Profit up 54.7 % at Rs 28 Cr.
Dilip Buildcon Q3 (YoY): Revenue up 39.8 % at Rs 1942.1 Cr. Net Profit up 51.7 % at Rs 164 Cr.
Stocks To Watch:
Positive: #IOLCP #CGPOWER #PRECAM #ITI #MIRCELECTR #KOLTEPATIL #DBL