Infosys, IndusInd Bank stocks gain ahead of Q1FY20 numbers

Infosys, IndusInd Bank, Karnataka Bank, Sangam (India), TRF, Hathway Cable & Datacom and GNA Axles will declare their Q1 June 2019 results today.

Jul 12, 2019 05:07 IST India Infoline News Service

Result Analysis
Shares of IT major Infosys and banking major IndusInd Bank will declare their Q1 June 2019 results today. Also, Karnataka Bank, Sangam (India), TRF, Hathway Cable & Datacom, GNA Axles, Infomedia Press, 3i Infotech, Reliance Industrial Infrastructure will declare their quarterly results today.

Infosys Q1FY20 Result Expectations:
  • Infosys is expected to post stronger growth of 2.3% qoq in constant currency terms with cross-currency headwinds of ~30bps resulting in USD revenue growth of 2.0%.
  • The revenue growth would be aided by large deal ramp-ups and one-month revenue contribution from the Stater acquisition.
IndusInd Bank Q1FY20 Result Expectations:
  • NII – Rs2,772cr, up by 18.4% yoy due to ~30.6% yoy rise in loan book and flat margins.
  • PPOP – Rs2,260cr, up by 24% yoy due to higher NII and non-interest income.
  • PAT – Rs950cr, a decline of 8.3% yoy due to higher provisions.
Stock view:
IndusInd Bank Ltd is currently trading at Rs1,548.80, up by Rs7.95 or 0.52% from its previous closing of Rs1,540.85 on the BSE. The scrip opened at Rs1,546 and has touched a high and low of Rs1,557.30 and Rs1,532.70 respectively.

Infosys Ltd is currently trading at Rs723.40, up by Rs2.55 or 0.35% from its previous closing of Rs720.85 on the BSE. The scrip opened at Rs723.30 and has touched a high and low of Rs726.95 and Rs720.80 respectively.

Karnataka Bank Ltd is currently trading at Rs101.70, up by Rs1.65 or 1.65% from its previous closing of Rs100.05 on the BSE. The scrip opened at Rs100.75 and has touched a high and low of Rs101.70 and Rs100.25 respectively.

TRF Ltd is currently trading at Rs119.20 up by Rs1.75 or 1.49% from its previous closing of Rs117.45 on the BSE. The scrip opened at Rs119 and has touched a high and low of Rs120.65 and Rs117.40 respectively.

Hathway Cable & Datacom Ltd is currently trading at Rs24.30, up by Rs1.45 or 6.35% from its previous closing of Rs22.85 on the BSE. The scrip opened at Rs23.35 and has touched a high and low of Rs24.30 and Rs23.35 respectively.

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