DSIJ Mindshare

The Indian markets will resume trading after a long weekend and it will again go into another holiday on Wednesday this week. Hence, we might not see much action in the markets as traders might be reluctant to take any significant positions. However, we cannot rule out stock-specific action as over 40 companies are lined up to announce their earnings today. Looking at the early action among Asian peers and the SGX Nifty, the Nifty may open the day flat at 11,847 levels. Traders will also keep eye on India’s infrastructure output for the month of March which is due later in the day.

For Q4FY19, the bank reported profit after tax (PAT) of Rs. 72.3 crore as against a loss of Rs. 114 crore in Q4FY18. The bank's Net NPAs declined by around 2 per cent in the quarter.

In the fiscal year 2018-19, the Indian Stock market went through a roller coaster ride due to various reasons such as geopolitical tension, trade war, liquidity crisis caused by IL&FS default, rising crude oil prices and weakening of INR.

The company's GNPA and NNPA in Q4FY19 reduced to 2.3 per cent and 1.1 per cent from 3 per cent and 1.7 per cent in Q4FY18, respectively. The provision coverage ratio for the quarter was at 49.8 per cent as against 44.2 per cent in Q4FY18. 

The company has informed a fire broke out at its paint factory situated in Chopanki, Alwar, Rajasthan. No casualty has been reported.