Asian markets are trading lower tracking weak cues from Wall Street overnight on the back of concerns over delay in signing phase I of trade deal. Nikkei is trading lower by 1.19%, Hang Sang is trading lower by 1.53% and Shanghai is trading lower by 0.07%. Indian indices are expected to open on a fl

APAT reported volume growth of 20% YoY on consolidated basis for Q2FY20 at 3.6lakh ton. We note, this a modest volume performance in a lean quarter (weak construction activity) aided by Hollow Sections (17% YoY growth)_ and contribution from Apollo Tricoat.

Steel Strips Wheels Limited (SSWL) posted revenues of Rs 362 cr (?32% Y-o-Y, ?23% Q-o-Q) in Q2FY20 due to very sharp decline in volumes for CV industry

City Union Bank (CUBK) reported a tepid Q2 with slowdown in loan growth and compressed NIM due conscious focus on credit quality and pricing pressures. Lower CD ratio of 82% also led to NIM contraction. Deposits grew 17% YoY and CASA ratio (24.7%) improved sequentially.

Amber Consolidated Revenue grew by 89% in Q2FY20 to Rs. 623 cr vs. Rs. 330 cr in Q2FY19, aided by 127% volume growth in RACs and 46% revenue growth in RAC components. The EBITDA grew by 2.6x to Rs 37 cr vs. Rs 14 cr in Q2FY19, while EBIDA margins stood at 5.9% up 180 bps.

Asian markets are trading lower after reports that US may raise tariffs on Chinese goods if deal is not reached. Nikkei is trading lower by 0.74%, Hang Sang is trading lower by 0.73% and Shanghai is trading lower by 0.33%. Indian indices are expected to open marginally lower and focus will be on glo

Asian markets are trading mixed as investors watch-out for development on US China trade talks. Nikkei is trading lower by 0.22%, Hang Sang is trading higher by 0.84% and Shanghai is trading higher by 0.30%. Indian indices are expected to open marginally lower and focus will be on global cues for fu

Britannia delivered a modest quarter with in-line revenue versus our estimates for quarter 7% YoY growth amid slowdown challenges. Volumes reported a 3% growth (in-line with estimates) on the back of high base and weak demand conditions.

In Q2FY20, revenues for Lumax Ind.s came in at Rs 429 cr v/s Rs 505 cr in Q2FY19, posting a decline of 17% YoY and a growth of 7% QoQ. The decline was due to industry wide fall of 15%/24% in 2W/PV segment in Q2FY20.

RNAM posted MF AUM decline of 16% YoY to Rs 188,600cr led by loss of business on the institutional/ HNI front. Standalone Net revenue declined 25% YoY, Operating profits grew 3% and PAT grew 22% YoY to Rs 134cr.

Minda Ind.s (MIL) consolidated revenues stood at Rs 1,360 cr in Q2FY20 due to industry slowdown. The company reported EBIDTA of Rs 167 cr with EBIDTA margin of 11.9% owing to revenue decline and partially offset by soft commodity price

Asian markets are trading mixed despite positive cues from Wall Street over the weekend. Nikkei is trading higher by 0.28%, Hang Sang is trading higher by 1.14% and Shanghai is trading lower by 0.03%. Indian indices are expected to open on a flat note. Sgx Nifty is trading lower by 0.04%

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Asian markets are trading mixed as investors watch for developments on trade negotiations between the U.S. and China. Nikkei is trading higher by 0.71%, Hang Sang is trading higher by 0.33% and Shanghai is trading lower by 0.29%. Indian indices are expected to open in the green and focus will be on

Ashok Leyland Ltd (ALL) Q2FY20 revenues fell 48% Y-o-Y to Rs 3930 cr in Q2FY20 vs. Rs 7,621 cr in Q2FY19 and decreased by 31.1% Q-o-Q on back of the worst slowdown witnessed by CV industry.

In Q2FY20 ICICI Bank (ICICIBC) continued to improve on its asset quality supported by stable NIMs and steady loan growth. Bank reported 25% YoY growth in NII led by NIMs, up 34bps YoY, and decent loan book growth of ~13%.

Asian markets are trading lower as investors take note of data from China that showed Industrial production grew at 4.7% y-o-y against expectations of a 5.4% growth. Nikkei is trading lower by 0.24%, Hang Sang is trading lower by 1.01% and Shanghai is trading lower by 0.09%. Indian indices are expec

Karnataka Bank (KBL) second quarter performance was muted. Weaker NII growth and higher credit costs led to disappointing bottomline performance, down 5% YoY to Rs 106cr. Credit costs was up from 1.5% to 1.9% QoQ.

Minda Corporation Ltd. (MCL) posted revenues of Rs 735 cr (?5% YoY, ?4% QoQ) in Q2FY20 mainly due to fall in revenue (?22% YoY) in Information and Connected Systems (ICS) segment which caters to commercial vehicle industry which is down by 38.6% in Q2FY20.

Gabriel India reported another quarter of subdued performance as Auto industry slowdown weighed on revenue and margins; Total revenues came in at Rs 473 cr (?13% YoY & ?9% QoQ) due to sharp drop in PV segment (down 38% YoY, as compared to an industry decline of ~20% YoY)