Epic Update : Bajaj Auto Q2 profit rises 13%

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Epic Research
Bajaj Auto , India’s second-largest motorcycle manufacturer by sales, reported a 13 percent rise in second-quarter profit, marginally beating analyst estimates, as a weaker rupee boosted export earnings.

Bajaj on Wednesday posted a net profit of 8.37 billion rupees for the three months to September 30 compared with 7.41 billion rupees in the same period a year earlier. Revenue rose 5 percent to 50.61 billion rupees.
 
Epic Update : Apollo Tyres

Denies allegations regarding its negotiations with USW Alert: USW is United Steel workers -Worked diligently to reach settlement with USW -Filed a counter claim seeking declaratory judgment that pre-conditions to merger not satisfied -Believe merger with cooper tire strategically compelling.
 
Epic Update : Axis Bank

Seeing turnaround in Indian economy

Q2 loan growth at 16.9 percent; CASA growth at 14.5 percent

Continue to be a well capitalised bank

Restructured assets at Rs 1,031 crore versus Rs 690 crore (QoQ)

Slippages at Rs 618 crore versus Rs 680 crore (QoQ)

Cost-to-income ratio stands at 41.53 percent
 
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