: Latest #StockMarketNEWS by #MunafaSutra Daily Updates It will take years for jewellery sales to reach pre-Covid levels: experts

@StockMarketNEWS Thu 07 May, 2020

Latest #StockMarketNEWS by #MunafaSutra Daily Updates
It will take years for jewellery sales to reach pre-Covid levels: experts
Zero making charges may not work any more; store sales to be impacted as consumers buy online

Paint stocks trade weak on concern of demand destruction in near term
Asian paints, berger paints india, kansai nerolac paints and akzo nobel india slipped in the range of 2 per cent and 5 per cent on the bse.

AU Small Finance hits new low, slips 14% in 4 days post March qtr results
Analysts believe the bank will be unable to maintain high aum growth and will likely see a sharp rise in credit cost & deterioration in incremental deposit
mix, amid the current lockdown

Varun Beverages extends fall, slips 7% on weak volume growth in March qtr
Organic volumes for the company got severely impacted in the last 10 days of march due to the spread of covid-19 and the subsequent lockdown restrictions,
the company said.

YES Bank logs Rs 2,629 cr net profit in Q4 on one-time gain; stk jumps 20%
The earnings were better than what most of the analysts had expected. kotak securities, for instance, estimated the private lender to log net loss at rs
4,404.4 crore in the quarter under review

HCL Tech Q4 net up 22.8% yoy at Rs 3,154 crore; announces dividend of Rs 2
Earnings before interest and taxes (ebit) stood at rs 3,881 crore while ebit margin came in at 20.9 per cent.

Hindustan Unilever ends 1% lower after GSK sells stake in open market deal
According to the term sheet, an over 133 million shares - 5.7 per cent of the total equity shares - are being offered in the range of rs 1,850-1,950 to
investors through a special block window.

Stocks to watch: HUL, Maruti, YES Bank, HCL Tech, RBL Bank, Cyient

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