: StockMarketNEWS Daily Updates RIL hits record high as it becomes net debt-free

@StockMarketNEWSFri 19 Jun, 2020

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

RIL hits record high as it becomes net debt-free ahead of its target
investment will translate into a 2.32% equity stake in jio platforms on a fully diluted basis.
RIL doubled investor wealth since March 23; market-cap crosses Rs 11 lakh crore

FPI investments from China at Rs 3257 cr
This is four times the amount of rs 774 crore invested at the end of the previous quarter

Gold price today: Rs 47,410 per 10 gram; silver at Rs 47,600 per kg

City Union Bank shares fall 5% after company posts Q4 loss; stock trading volumes surge
On the asset front, the bank witnessed a spike in bad loans as gross non-performing assets (npas) rose to 4.09 percent of the gross advances as on march
31, 2020, as against 2.95 percent in the year-ago corresponding quarter.

MOIL share price falls 3% after Q4 profit plunges 90% to Rs 13 crore
The company#39;s consolidated net profit dropped to rs 13.47 crore in march quarter against a net profit of rs 139.63 crore in the same period last year.

ICICI Bank offloads 3.96% stake in insurance arm, stock gains but Lombard corrects
The bank#39;s shareholding in icici lombard general insurance company has now been reduced to around 51.9 percent.

Bajaj Consumer share price sheds 5% on Q4 earnings report
Total revenue dropped by 27.75 percent to rs 178.76 crore during the quarter under review as against rs 247.44 crore in the corresponding period of the
previous fiscal.

Stocks to watch: Telcos, banks, IGL, Pidilite Ind, Muthoot Finance, Thermax

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