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.
Q1 consolidated net profit down 25% yoy at Rs 15.40 crore due to unexpected softness in its industrial vertical.
Markets were trading flat as gains were capped at higher levels as investors adopted wait-and-watch stance ahead of the central bank's policy announcement at 1100 h
The stock has outperformed the market by surging 32% in past three trading sessions as compared to 1% fall in S&P BSE Sensex.
Markets are expected to open on a positive note after four consecutive day of declines.
Trading was on a cautious note ahead of Reserve Bank of India, US Federal Reserve, Bank of England and European Central Bank's policy meeting this week.
The broader markets traded lower with mid-caps and small-caps falling over 1 per cent on the BSE.
Q1 net profit before exceptional item at Rs 59 crore against Rs 28 crore in year ago quarter.
Gains in IT heavyweights like TCS, Wipro along with Sun Pharma aid recovery
EBITDA surged by 89% yoy to Rs 33 crore while margins expanded by 305bp yoy to 6.5% from 3.4% in the same quarter previous year
Q1 net profit down 55% yoy at Rs 31 crore due to lower realization and higher input costs.
Markets continued to remain weak in late morning trades on Monday after investors booked profits in FMCG majors Hindustan Unilever and ITC after sharp gains recently.
The stock has fallen 69% from its 52-week high of Rs 297 touched on October 5 last year.
The board has recommended a bonus shares in the ratio of 1:2.
SpiceJet is in advanced stage of discussion with a potential investor for stake sale and expects the negotiations to be concluded soon, PTI report.
HUL has slipped by 9% followed by ITC which has declined by 3%
Personal products business, which offers much higher margins than other segments, posted a disappointing 2% yoy growth in June quarter.
According to reports, Jet Airways has made "major" changes in their revised shareholder agreement to comply with FDI policy norms.
According to industry estimates, the product had clocked revenues of about $3.45 billion in the US market in 2012.
Q2 US$ revenue expected to grow 2-4% on qoq against analyst expectation of 1.5-3%.
Markets will remain cautious ahead of the Reserve Bank of India's monetary policy tomorrow