PRE-MARKET INDIAN STOCKS NEWS: ONGC (ONGC) Q3 (INR) profit rose 22.6% Y/Y to 119.5bln, rev. rose 0.1% Y/Y to 1.67tln
ONGC's Q3 earnings report shows a solid 22.6% year-over-year profit increase, a sign of strong operational performance in the energy sector, despite only a modest revenue growth of 0.1%.
Malaysian GDP Growth Rate YoY Final (Q4) Y/Y 6.3% vs. Exp. 5.7% (Prev. 5.4%, Rev. From 5.2%)
Malaysian GDP Growth Rate QoQ (Q4) Q/Q 0.8% (Prev. 2.7%, Rev. From 2.4%)
PRE-MARKET INDIAN STOCKS NEWS: ONGC (ONGC) Q3 (INR) profit rose 22.6% Y/Y to 119.5bln, rev. rose 0.1% Y/Y to 1.67tln
PBoC's new emphasis on overnight money market rate has reportedly sparked speculation it could become the main policy target
Japan sells JPY 649.5bln in 10yr, 20yr and 30yr JGBs in enhanced liquidity auction; b/c 2.95 vs. Prev. 2.58
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Biocon (BION IS) - Co. Q3 (INR) profit climbed almost six-fold to INR 1.4bln, rev. rose 9.2% Y/Y to 41.7bln. (Moneycontrol)
Coal India (COAL IS) - Co. Q3 (INR) profit fell 15.6% Y/Y to 71.7bln, rev. fell 5.2% Y/Y to 349.2bln. (Moneycontrol)
GAIL India (GAIL IS) - India’s government appointed Deepak Gupta as company Chairman and MD. (Moneycontrol)
Oil and Natural Gas Corporation (ONGC IS) - Co. Q3 (INR) profit rose 22.6% Y/Y to 119.5bln, rev. rose 0.1% Y/Y to 1.67tln. (Moneycontrol)
This divergence between profit growth and revenue suggests improved margins or cost management, which could bolster investor confidence in the stock. The overall mixed performance from other industry players may indicate varying sector health, impacting sentiment across the energy and commodities space.
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