Page 105 - Business Finance
Sadhna Broadcast standalone net profit rises 112.12% in the March 2019 quarter
Sales decline 20.64% to Rs 16.84 crore
Shiva Global Agro Industries consolidated net profit declines 92.00% in the March 2019 quarter
Sales rise 34.15% to Rs 132.33 crore
Mega Corporation reports standalone net profit of Rs 0.04 crore in the March 2019 quarter
Sales decline 3.70% to Rs 0.52 crore
Saboo Sodium Chloro standalone net profit rises 73.33% in the March 2019 quarter
Sales rise 22.22% to Rs 7.37 crore
Lancor Holdings consolidated net profit declines 99.56% in the March 2019 quarter
Sales decline 17.16% to Rs 23.36 crore
Panache Innovations reports consolidated net loss of Rs 0.28 crore in the March 2019 quarter
Sales decline 66.07% to Rs 1.32 crore
Sancia Global Infraprojects reports standalone net loss of Rs 20.51 crore in the March 2019 quarter
Sales reported at Rs 0.02 crore
Anup Malleables reports standalone net loss of Rs 0.06 crore in the March 2019 quarter
Sales rise 182.45% to Rs 22.37 crore
Stocks end in the green after volatile session, pharma stocks slide
Equity benchmark indices oscillated between gains and losses on Friday, a day after the Reserve Bank of India (RBI) marginally reduced key interest rates and serious funding challenges appeared to cripple non-bank financial institutions.However, the BSE S & P Sensex closed 86 points higher at 39,616 while the Nifty 50 gained 27 points to 11,871. The rally was largely by IT and financial stocks.At the National Stock Exchange, sectoral indices of bank, financial service, IT and private bank were in the green. But Nifty pharma was down 1.2 per cent. Auto, FMCG, metal, PSU bank and realty also closed in the red.Among the prominent gainers were IndusInd Bank, State Bank of India, Bajaj Finance, Bharti Infratel, and Bharat Petroleum Corporation.But shares of Eros International Media fell further by 14.4 per cent, a day after tumbling nearly 20 per cent after CARE rating agency cut its creditworthiness citing delays or likely defaults in serving debt availed from banks.Home loan lender ..
Surya Industrial Corporation reports standalone net profit of Rs 0.05 crore in the March 2019 quarter
Sales decline 98.02% to Rs 0.07 crore
Lerthai Finance reports standalone net loss of Rs 0.29 crore in the March 2019 quarter
Reported sales nil
Eros International shares continue to tumble; plunge 15 pc
Shares of Eros International Media continued to face massive selling pressure Friday and plummeted 15 per cent despite the company's clarification regarding CARE ratings action. The scrip cracked 14.41 per cent to close at Rs 45.45 on the BSE. During the day, it plummeted 19.96 per cent to Rs 42.50 -- its 52-week low. On the NSE, shares of the company plunged 15 per cent to close at Rs 45.15. The scrip had fallen nearly 20 per cent on Thursday too. Credit Analysis and Research Ltd (CARE) had on Wednesday revised the ratings assigned to the bank facilities of the company to "CARE D". In a filing to BSE Thursday, Eros said, "In reference to intimation made by the company to the stock exchanges on June 5, 2019, regarding CARE D ratings assigned, we would like to clarify that this is on account of a delay in servicing of bank loans for the month of April 2019 and May 2019 and will be cleared within the next seven working days." Furthermore, the company would like to clarify that our ...
Ram Minerals and Chemicals reports standalone net profit of Rs 0.14 crore in the March 2019 quarter
Reported sales nil
Trans Financial Resources reports standalone net loss of Rs 8.07 crore in the March 2019 quarter
Sales rise 47.95% to Rs 2.53 crore
Pacific Industries standalone net profit declines 85.30% in the March 2019 quarter
Sales rise 70.93% to Rs 34.22 crore
Panyam Cements & Mineral Industries reports standalone net loss of Rs 23.24 crore in the March 2019 quarter
Reported sales nil
MRG World forays into real estate; to invest Rs 200 cr on 1st project in Gurugram
MRG World, which is into financial services, agro-trading and education businesses, has forayed into real estate sector and will develop its first affordable housing project in Gurugram, Haryana with an investment of Rs 200 crore. The company will develop 731 apartments in this five-acre project under an affordable housing policy of the Haryana government. The units will be allocated through lucky draw. Promoters of this group were associated with realty firm Signature Global, which is developing about 10 projects in Gurugram under the affordable housing policy. "We have entered into real estate with our first affordable housing project 'The Balcony' at Gurugram," MRG World Joint MD Rajat Goel told reporters. The company has fixed Rs 24 lakh price for a 590 sq ft carpet area apartment. Goel said the total project cost is Rs 200 crore which will be funded through internal accruals and advances from customers. The construction of the project has started and will be completed in four ...
L&T announces Rs 5,029.8 cr open offer for Mindtree; offer at Rs 980/share
Infrastructure major Larsen and Toubro on Friday announced an open offer for 5.13 crore shares or 31 per cent stake of mid-tier IT company Mindtree at Rs 980 per share, according to a regulatory filing. L&T will have to shell out Rs 5,029.8 crore for the planned open offer for the Bengaluru-based company. "Larsen and Toubro makes a cash offer of Rs 980 per fully paid up equity share of the face value of Rs 10 each, to acquire up to 5,13,25,371 equity shares representing 31 per cent of the voting share capital...to the shareholders of Mindtree Ltd," said the letter of offer communicated to the BSE by Mindtree Ltd. The open offer price is higher than Mindtree's closing price of Rs 970.45 at BSE on Friday. The tendering for open offer will commence on June 17 and close on June 28. In March, L&T had mounted a hostile takeover bid on Mindtree when it entered into a deal to buy Cafe Coffee Day owner V G Siddhartha's 20.32 per cent stake in Mindtree and also placed an order with ...