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.
Auto, banks drag
Sensex, Nifty down over 1% each
GDP nos, F&O expiry to keep index under pressure
Tata Motors has extended the losses and has plummeted over 12%
Auto, banking shares languish
Nifty likely to seek support around 4,975 ¿¿¿ 4,965
Gabs Investments Pvt Ltd, one of its promoters has acquired 115,431 shares via creeping acquisition route since April
ITC among top Sensex losers, software shares gain
Recommended a dividend of Rs 5/- per equity share (50%) for the year ended March 31, 2012.
Operating costs jumped 20% to Rs 1,704 crore, while interest expenses rose 43% to Rs 166 crore inQ4FY12
The company has raised Rs 176 crore through IPO, which was oversubscribed 2.44 times.
Reported a consolidated net profit of Rs 820 crore in Q4FY12 agianst Rs 443 crore in a year ago quarter
Auto stocks amongst the worst hit
The board will also consider stock split and listing of securities on NSE
Net profit for Jan-Mar more than doubled to Rs 137.43 crore
EBIDTA margins declined 30 bps at 14.3% in Q4
The board also recommended dividend at the rate of Rs 3.50 per equity share of Rs 1.00 each
EBITDA margins declined to 3.6% in Q4FY12 against 20.2% in the corresponding quarter last year.
Company posted net loss of Rs 71.9 crore
Both these stocks rallied more than 14% each in otherwise weak market on back of huge volumes.