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.
Asian markets positive in early trades
Oil & gas index soars on ONGC
Oil & gas index soars ahead of Ril numbers
IT, auto, banks gain
BSE IT index up nearly 2%
U.S. stocks rallied Thursday as upbeat reports on the economy offset mixed corporate results
BSE-IT, Oil & Gas lead gains on BSE
BSE-IT, Oil &Gas sectors support index
Expects revenues to be in the range of $1,585 million to $1,625 million from IT Services business in Q4FY13.
Rate sensitives drag
Q3 EBIDTA margins declined by 126 bps at 12.09% in Q3 FY13 from 13.84% last year.
Q3 net profit declined 20% year-on-year at Rs 488 crore due to lower sales and higher expenses.
Oil marking companies have raised diesel prices by 45 paise per litre, while government allowed the oil firms to sell diesel to bulk buyers at market rates.
Analysts on an average expects 12% year-on-year (yoy) jump in net profit to Rs 4,977 crore. Revenue may grow 8% to Rs 91,835 crore, yoy
HPCL has rallied 8% to Rs 353, followed by IOC (up 6% at Rs 313) and BPCL (up 5.5% at Rs 403) on the Bombay Stock Exchange.
EBIDTA margins declined by 173 bps at 14.18% in Q3 FY13 from 15.91% last year.
Wipro up 4%, leads gains
Analysts on an average expecting net profit at Rs 1,975 crore and revenue of Rs 10,849 crore for the quarter.
The board has fixed a maximum buyback price at Rs 302 per share through tender offer.
The conditions have been finalised between the company and a consortium of lenders are waiting for them to sign it, reports suggest