Tata Motors may head south after weak Q4 result

Tata Motors' consolidated net profit dropped 49.84% to Rs 2175.16 crore on 18.33% rise in total income to Rs 91644.49 crore in Q4 March 2018 over Q4 March 2017. The announcement was made after market hours yesterday, 23 May 2018.

GAIL (India), Glaxosmithkline Pharmaceuticals and MOIL will announce their January-March 2018 results today, 24 May 2018.

The board of directors of Sunteck Realty approved raising of funds upto Rs 2000 crore either by way of QIP, FPO, ADR, GDR, rights issue, debt issue, preferential issue, FCCB etc. or any other method for issue of fund including Non-Convertible Debt upto an aggregate amount of Rs 1500 crore by way of private placement in one or more tranches and by way of equity shares and/or any other securities convertible into equity shares for an aggregate amount not exceeding Rs 500 crore in one or more tranches. The announcement was made after market hours yesterday, 23 May 2018.

The board of directors of MEP Infrastructure Developers approved to increase the limits for investment in the equity share capital of the company by registered foreign portfolio investor (including FlIs) from 24% to 100% of the company's total paid-up equity share capital of the company. The announcement was made after market hours yesterday, 23 May 2018.

Jet Airways (India) reported net loss of Rs 1036 crore in Q4 March 2018 as compared to net profit of Rs 602.42 crore in Q4 March 2017. Total income fell 3.45% to Rs 6055.15 crore in Q4 March 2018 over Q4 March 2017.

Shipping Corporation of India's net profit jumped 173.86% to Rs 254.47 crore on 0.5% rise in total income to Rs 953.25 crore in Q4 March 2018 over Q4 March 2017. The announcement was made after market hours yesterday, 23 May 2018.

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