Ashok Leyland may slide on weak Q2 result

Ashok Leyland posted net loss of Rs 25.05 crore in Q2 September 2013 as compared to net profit of Rs 142.59 crore in Q2 September 2012. Total income decreased 23.05% to Rs 2572.73 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Wednesday, 6 November 2013.

Wockhardt after market hours on Wednesday, 6 November 2013 said that the UK's Medicine and Healthcare Products Regulatory Agency has allowed the company to manufacture and supply most of the products manufactured at the company's facility at Kadaiya in Nani Daman and assessed to be critical to public health. As a result the net impact on the annualised consolidated revenue is expected to be less than 1 million pounds, out of the total annual consolidated revenue of approximately 18 million pounds from the said facility, Wockhardt added.

Shoppers Stop said that its wholly owned subsidiary, Crossword Bookstores opened a "Crossword" store at Jaipur International Airport. With the opening of this store, there are now 84 Crossword stores.

Themax's net profit dropped 66.87% to Rs 30.16 crore on 13.85% fall in total income to Rs 1050.81 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Wednesday, 6 November 2013. The company's order backlog was Rs 5308 crore as on 30 September 2013 as against Rs 4412 crore on 30 September 2012. The group's order backlog was Rs 6128 crore as on 30 September 2013 as against Rs 4984 crore on 30 September 2012. However, generally the market for capital goods continues to remain sluggish, Themax said.

On a consolidated basis, Sobha Developers' net profit rose 12.97% to Rs 56.60 crore on 30.83% increase in total income to Rs 544.50 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Wednesday, 6 November 2013.

Bajaj Electricals said that its engineering and project business unit has bagged power distribution projects worth Rs 757 crore under RGGVY (Rajiv Gandhi Gramin Vidyutikaran Yojna) scheme.

Punjab & Sind Bank said its board will meet on 11 November 2013, to consider infusion of capital by way of preferential allotment of equity shares in favour of the Government of India amounting upto Rs 100 crore.

Shares of Wockhardt turn ex-dividend today, 7 November 2013 for an interim dividend of Rs 5 per share for the year ending 31 March 2014.

NMDC turns ex-dividend today, 7 November 2013, for the interim dividend of Rs 3 per share for the year ending 31 March 2014.

Tech Mahindra, Cummins India, Eicher Motors, United Breweries, MOIL, Aurobindo Pharma and Chennai Petroleum among others will announce their quarter ended 30 September 2013 results today, 7 November 2013.

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