#GST Revenue collection for April 2018 exceeds Rs.1 lakh crore. (MOF)
IOC hikes Jet Fuel Prices to Rs 65340/kL Vs Rs 61450/kL. Big Negative of #Aviation Sector.
Schneider Electric enters into definitive agreement with Larsen & Toubro to buy its electrical & automation business for an all-cash consideration of Rs 14,000 Crore.
BHEL secures an order valued at Rs. 536 crore for executing 900 MW Arun-3 Hydroelectric Project from SJVN Arun-3 Power Development Company (SAPDC), Nepal.
CEAT (Q4, YoY): Revenue up 14 % at Rs 1,674 crore. Net profit up 17 % at Rs 77 crore. Ebitda up 50 % at Rs 198 crore. Margin at 11.8 % versus 9 %.
April Auto Sales:
Escorts: 26% @ 6186 Vs 4899 units.
TVS Motor: 24% @ 304,795 Vs 246310 units.
Maruti: 172,986 units.
M&M: 4,8097 units.
Eicher Motors: 76,187 Units.
Tatamotors: domestic sales at 53,511 units.
Stocks To Watch:
Positive: #SCHNEIDER #LT #BHEL #CEATLTD
Negative: #INDIGO #SPICEJET #JETAIRWAYS