Page 2067 - Business Finance
Edelweiss Financial Services Ltd soars 2.12%, up for fifth straight session
The stock is quoting at Rs 166.05, up 2.12% on the day as on 12:44 IST on the NSE. Edelweiss Financial Services Ltd is down 44.92% in last one year as compared to a 0.51% spurt in NIFTY and a 1.86% spurt in the Nifty Financial Services.
MRF Ltd soars 0.41%, gains for fifth straight session
The stock is quoting at Rs 64761, up 0.41% on the day as on 12:44 IST on the NSE. MRF Ltd is down 1.47% in last one year as compared to a 0.51% slide in NIFTY and a 21.79% slide in the Nifty Auto.
Tata Motors Ltd soars 2.15%, rises for fifth straight session
The stock is quoting at Rs 182.95, up 2.15% on the day as on 12:44 IST on the NSE. Tata Motors Ltd is down 57.93% in last one year as compared to a 0.51% drop in NIFTY and a 21.79% drop in the Nifty Auto.
Punjab National Bank soars 0.68%, gains for fifth straight session
The stock is quoting at Rs 74.15, up 0.68% on the day as on 12:44 IST on the NSE. Punjab National Bank is down 62.45% in last one year as compared to a 0.51% slide in NIFTY and a 0.57% slide in the Nifty Bank.
India's current economic scenario not like 1991 crisis: Bimal Jalan (IANS Interview)
The sharply depreciating rupee amidst rising global oil prices and the massive foreign funds outflow from the capital market are not crises comparable to the likes of the balance of payments (BoP) emergency India experienced in 1991 because the country's fundamentals are stronger than before, its BoP is strong and it has one of the highest levels of foreign exchange reserves, says former RBI Governor Bimal Jalan.
Rising demand lifts chana futures by 0.40 per cent
Chana prices went up by 0.40 per cent to Rs 4,051 per quintal in futures trade Thursday as participants expanded positions, driven by rising demand in the spot market. At the National Commodity and Derivatives Exchange, chana for delivery in December was trading higher by Rs 16, or 0.40 per cent, to Rs 4,051 per quintal with an open interest of 35,600 lots. On similar lines, the commodity for delivery in November was trading higher by Rs 9, or 0.22 pe cent, to Rs 4,020 per quintal in 30,940 lots. Analysts said widening of positions by traders following rising demand in the spot market against restricted supplies from producing regions mainly led to the rise in chana prices at futures trade here.
Jeera futures dip Rs 145 on profit-booking
Jeera prices fell Rs 145 to Rs 20,835 per quintal in futures trade on Thursday after speculators cut down their holdings to book profits at prevailing levels amid muted domestic demand. At the National Commodity and Derivatives Exchange, jeera for delivery in December was down by Rs 145, or 0.69 per cent, to quote at Rs 20,835 per quintal with an open interest of 3,387 lots. Similarly, the spice for delivery in November moved down by Rs 130, or 0.63 per cent, to Rs 20,460 per quintal in 4,229 lots. Analysts said besides profit-booking by speculators at existing levels, fall in demand at the spot markets against adequate stocks, kept pressure on jeera prices at futures trade here.
L&T shares rise nearly 7 pc post Q2 earnings
Shares of Larsen and Toubro (L&T) Thursday climbed nearly 7 per cent after the company reported 28.36 per cent jump in its consolidated net profit for the quarter ended September, 2018. The stock, after a positive opening, further gained 6.44 per cent to Rs 1,382 on the BSE. On the NSE, shares of the company soared 6.66 per cent to Rs 1,384. The infrastructure giant Wednesday reported 28.36 per cent jump in its consolidated net profit to Rs 2,593.41 crore for the quarter ended September. It had clocked a net profit after tax of Rs 2,020.30 crore in the year-ago period. The company's total consolidated income rose to Rs 32,506.10 crore in the July-September quarter from Rs 26,846.41 crore in the same period of the previous fiscal.
GST collections cross Rs 1 lakh crore in October
GST collections in October have crossed the Rs 1 lakh crore mark, Finance Minister Arun Jaitley said Thursday. The revenue from goods and services tax (GST) in September was Rs 94,442 crore. GST mop-up had crossed the Rs 1 lakh crore mark for the first time in April and since then it has remained above the Rs 90,000 crore level. GST collections for October 2018 have crossed Rs 1 lakh crore. The success of GST is lower rates, lesser evasion, higher compliance, only one tax and negligible interference by taxation authorities, Jaitley tweeted. The Finance Ministry had targeted monthly GST collections to be Rs 1 lakh crore for this fiscal. The collections stood at Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July, Rs 93,960 crore in August and Rs 94,442 crore in September.
Godrej Properties consolidated net profit rises 9695.24% in the September 2018 quarter
Sales rise 25.61% to Rs 393.25 crore
Switching Technologies Gunther reports standalone net loss of Rs 0.13 crore in the September 2018 quarter
Sales rise 27.15% to Rs 4.59 crore
Garden Silk Mills reports standalone net loss of Rs 13.46 crore in the September 2018 quarter
Sales rise 29.98% to Rs 920.84 crore
Narayana Hrudayalaya consolidated net profit declines 17.95% in the September 2018 quarter
Sales rise 27.21% to Rs 711.28 crore
Matrimony.com consolidated net profit declines 30.32% in the September 2018 quarter
Sales rise 4.76% to Rs 87.58 crore
Zylog Systems reports consolidated net loss of Rs 4.09 crore in the September 2018 quarter
Sales decline 26.57% to Rs 37.34 crore
Minda Corporation consolidated net profit rises 5.99% in the September 2018 quarter
Sales rise 18.06% to Rs 773.29 crore
Tilaknagar Industries reports consolidated net loss of Rs 42.13 crore in the September 2018 quarter
Sales rise 39.63% to Rs 188.51 crore
ITD Cementation India consolidated net profit rises 41.84% in the September 2018 quarter
Sales rise 31.16% to Rs 620.38 crore
Inditalia Refcon reports standalone net loss of Rs 0.02 crore in the September 2018 quarter
Reported sales nil
Barometers come off day's low
Key indices trimmed losses after hitting fresh intraday low in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, was down 70.62 points or 0.21% at 34,371.43. The Nifty 50 index was down 22.95 points or 0.22% at 10,363.65.