The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The broader markets traded flat with mid-caps falling 0.04 per cent and small-caps gaining 0.1 per cent on the BSE.
Losses in BHEL, L&T and SBI keep gains under check
The stock has recovered nearly 56% from its recent low of Rs 106 touched on August 2 on BSE.
Q1 FY2014 net profit at Rs 49 crore against Rs 23 crore in previous year quarter.
April-June 2013 quarter net profit at Rs 11.98 crore against net loss of Rs 35 lakh in year ago quarter.
Gross and Net NPA levels increased sequentially by around 17% each.
Q1 net profit down sharply by 50% yoy to Rs 465 crore due to 31% yoy fall in net sales at Rs 6,363 crore.
At 08:40 hrs, the SGX Nifty was up 45 points at 5,738
The BSE Mid-Cap index fell 6.07% and the S&P BSE Small-Cap index declined 6.13%
Bank shares dropped after the Reserve Bank of India said on Friday the central bank would roll back recent cash tightening measures only when rupee stabilises.
Broader markets traded weak with mid-caps and small-caps falling nearly 1 per cent on the BSE.
Between April and July 2013, the company produced 135.64 MT of coal against target of 140.32 MT during the period.
Hindustan Unilever,ITC, ICICI Bank and Coal India among the top draggers
Reliance Capital Trustee Co Ltd A/C Reliance Growth Fund had sold majority of its stake in FT through bulk deals.
Markets continue to trade flat amid volatility as gains in Reliance Industries and IT majors helped offset some of the losses in HUL and ICICI Bank.
Q1 net sales grew 42% yoy at rs 3,088 crore, largely driven by jewellery on account of drop in gold prices.
The board approved to raise funds for its investment programme by issuing 694 million equity shares through FPO.
The broader markets continue to underperform the benchmark- BSE Midcap and Smallcap indices are down by nearly 1%
The company said it has had 15 inspections in the past at various facilities, 7 of them had Zero 483s, the rest of them had observations.
Markets have erased gains on account of profit booking after making a higher opening tracking firm global cues