BPCL may slide after weak Q2 result

Bharat Petroleum Corporation (BPCL) reported 48.3% fall in net profit to Rs 1218.71 crore on 34.56% rise in total income to Rs 72829.83 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 29 October 2018.

LIC Housing Finance reported 11.54% rise in net profit to Rs 573.16 crore on 11.79% rise in total income to Rs 4202.59 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 29 October 2018.

Bhel's board approved buyback of 18.93 crore shares at Rs 86 per share, aggregating to Rs 1628.3 crore on a proportionate basis through the tender offer route. The record date for buyback is 6 November 2018. The announcement was made after market hours yesterday, 29 October 2018.

Cadila Healthcare has subscribed 51% shares of Windlas Healthcare (Windlas) as per the Share Purchase Agreement executed by the company and Windlas. Hence, Windlas has become a subsidiary of the company. The announcement was made after market hours yesterday, 29 October 2018.

The board of directors of Rane Holdings has in-principle approved the divestment of entire 48.97% equity shareholding held by the company in JMA Rane Marketing (JMA Rane), a joint venture company. This divestment is subject to negotiating and concluding the terms, execution of definitive agreement and completion of customary closing conditions. The announcement was made after market hours yesterday, 29 October 2018.

Powered by Capital Market - Live News