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.
BSE-Bankex, Real-estate lead gains on BSE
BSE Auto index is down nearly 3%
IT, FMCG buck trends
Asian markets mixed in early trades
Realty and metal shares gain while autos lag
Bharti Airtel,Idea Cellular and Reliance Communications are up 3-5% on the National Stock Exchange.
Q3 net profit up 76% year-on-year at Rs 32.57 crore on back of 40% rise in net sales at Rs 226 crore.
Consolidated EBIDTA or operating margins were at 11%, up 430% sequentially over the previous quarter.
Q3 net profit at Rs 311 crore against loss of Rs 83 crore in a year ago quarter.
ITC, Bharti Airtel and financials aong the top gainers
Jaiprakash Associates has propose to sell 27.86 million equity shares of the company via offer-for-sale (OFS) on January 24.
JLR's sales that account for a majority of Tata Motors' profits, have slowed significantly over the past quarter.
Autos among the top draggers
The Ministry of Petroleum and Natural Gas proposed to double the price of gas to $8-8.5 per mmBtu sometime this calendar year.
Citigroup Global Markets Mauritius and Sarang Wadhawan sold equity shares worth of Rs 92 crore in past two days.
Jaiprakash Associates proposed to sell 27.9 million shares to institutional investors with an option to increase it by another 70.6 million.
Reliance Industries, Tata Motors, L&T and ICICI Bank weigh
Q3 consolidated net profit declined 43% year-on-year to Rs 105 crore due to higher financial charges.
Q3 consolidated net profit down 26% at Rs 40.67 crore on quarter-on-quarter basis due to lower revenue growth.
The media report suggest that the government is likely to announce Oil India follow-on public offer between January 28-30.