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.
As per a CGST Commissionerate statement, the listed beverages company had been running fake units for availing input tax credit (ITC) fraudulently, committing a tax evasion of Rs 40 crore
All that happened in the markets today
The market price of the company has tanked 89 per cent from its all-time high level of Rs 512 touched in September 2017
In the past week, the stock has outperformed the market by surging 11 per cent, as compared to a 2.4 per cent rise in the benchmark S&P BSE Sensex.
The board recommended a total dividend of Rs 22.50 per share, which includes a one-time special dividend of Rs 7.5 per share for the achievement of all-time high net sales in the company's history.
All that happened in the markets today
Analysts had projected a net profit within a range of Rs 249.4 crore and Rs 358.5 crore for the recently concluded quarter.
The market price of Manpasand Beverages has tanked nearly 90 per cent from its all-time high level of Rs 512 touched in September 2017
The company posted 91% year-on-year growth in consolidated net profit at Rs 75.75 crore in Q4FY19, on back of 25% rise in operational revenue.
The company's consolidated net profit more-than-halved at Rs 120 crore in March quarter against Rs 300 crore in the year-ago quarter.
IndiGo posted a net profit of Rs 589 crore in March quarter, against Rs 118 crore in the year-ago quarter.
The domestic currency on Monday closed with a marginal rise of 2 paise at 69.51 amid a recovery in the greenback against Asian currencies and foreign fund flows.
Here's a look at the top stocks that may remain in focus today:
The company announced a bonus issue in the ratio of 1:1, which means the issuance of one share for every one share held.
Honeywell Automation India and ABB India were up 11 per cent and 5 per cent respectively, while Siemens, Thermax, L&T, Bharat Electronics and SKF India were up in the range of 2 to 4 per cent.
Ebitda (earnings before interest, tax, depreciation, and amortisation) for the quarter under review grew 8 per cent YoY to Rs 1,395.2 crore against Rs 1,292 crore in the year-ago period.
Q4 Ebitda margins were 32.7 per cent against 35.52 per cent in year ago quarter, due to higher raw material price,a weak product mix and higher other expense.
Page Industries delivered its worst-ever performance with flat revenue and declined earnings mainly due to weak demand, high base and intensifying competition.
The USFDA stated that Goa facility may be subject to regulatory or administrative action and that it may withhold approval of any pending applications or supplements in which this facility is listed.
The domestic currency on Friday rallied 49 paise to close at 69.53 following a decisive mandate for Narendra Modi-led BJP (Bharatiya Janata Party) in the general elections.