Vodafone Idea to Gujarat Gas - reasons for the big stock moves on Aug 4

Vodafone Idea on Wednesday said it reported a consolidated loss of ₹7,296.7 crore in the April-June quarter as a result of an increase in interest & financing cost, and EBIT loss

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Novelis, a subsidiary of Hindalco Industries reported a good set of numbers. EBIDTA/ton shows a strong bounce back. Company has maintained volume guidance of 3% and they say that they are seeing stable demand in the market

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The bank has launched its qualified institutional placement issue on August 3 and fixed the floor price at Rs 590.84 per share for the issue, against current market price of Rs 609.35 on August 3.

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CNBCTV18 report suggests that Ivanhoe, real estate arm of Canadian Pension Fund – CDPQ is going to sell its 1.5% stake in Macrotech developers. Ivanhoe holds 2.3% stake as of June 22

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Redington (India) released it's financial earnings report for the April-June quarter yesterday. Q1 profit increased 36.5% YoY to Rs 326.34 crore. Revenue grew 25% YoY to Rs 16,803 crore

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In its financial earning results the company reported that for the April-June quarter its revenue went up by 11% YoY and EBITDA declined 13% YoY. CLSA has given a sell rating to the stock and cut the target price to Rs 390 per share.

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Vodafone Idea on Wednesday said it reported a consolidated loss of ₹7,296.7 crore in the April-June quarter as a result of an increase in interest & financing cost, and EBIT loss

Vodafone Idea

Novelis, a subsidiary of Hindalco Industries reported a good set of numbers. EBIDTA/ton shows a strong bounce back. Company has maintained volume guidance of 3% and they say that they are seeing stable demand in the market

Hindalco

The bank has launched its qualified institutional placement issue on August 3 and fixed the floor price at Rs 590.84 per share for the issue, against current market price of Rs 609.35 on August 3.

AU Small Finance Bank

CNBCTV18 report suggests that Ivanhoe, real estate arm of Canadian Pension Fund – CDPQ is going to sell its 1.5% stake in Macrotech developers. Ivanhoe holds 2.3% stake as of June 22

Macrotech Developers

Redington (India) released it's financial earnings report for the April-June quarter yesterday. Q1 profit increased 36.5% YoY to Rs 326.34 crore. Revenue grew 25% YoY to Rs 16,803 crore

Redington (India)

In its financial earning results the company reported that for the April-June quarter its revenue went up by 11% YoY and EBITDA declined 13% YoY. CLSA has given a sell rating to the stock and cut the target price to Rs 390 per share.

Gujarat Gas