Page 316 - Business Finance
Polyspin Exports consolidated net profit declines 28.35% in the March 2019 quarter
Sales rise 0.85% to Rs 47.49 crore
Moongipa Securities standalone net profit declines 79.17% in the March 2019 quarter
Sales decline 50.00% to Rs 0.15 crore
Indian Metals & Ferro Alloys reports standalone net loss of Rs 73.87 crore in the March 2019 quarter
Sales decline 2.08% to Rs 434.06 crore
Kalyani Forge standalone net profit declines 66.50% in the March 2019 quarter
Sales decline 4.77% to Rs 65.94 crore
Hind Rectifiers standalone net profit rises 55.49% in the March 2019 quarter
Sales rise 54.51% to Rs 83.93 crore
JHS Svendgaard Laboratories standalone net profit declines 65.03% in the March 2019 quarter
Sales decline 9.71% to Rs 33.58 crore
N K Industries standalone net profit rises 96.74% in the March 2019 quarter
Sales rise 533.68% to Rs 114.95 crore
Prime Securities reports standalone net loss of Rs 2.03 crore in the March 2019 quarter
Reported sales nil
Kalyani Steels standalone net profit rises 36.29% in the March 2019 quarter
Sales decline 9.84% to Rs 321.98 crore
APL Apollo Tubes consolidated net profit rises 44.67% in the March 2019 quarter
Sales rise 39.15% to Rs 2024.11 crore
Graphite India consolidated net profit rises 4.07% in the March 2019 quarter
Sales rise 27.97% to Rs 1693.00 crore
Australia Market touches fresh 11-years high
Shares of Banks surged after the government's re-election ended the threat of dividend imputation changes, increased regulatory scrutiny and capped premiums. The ruling LNP, which only called the financial services royal commission reluctantly, is perceived by investors to be friendlier to the banking industry. Among the banks, Westpac closed 9.2% higher at A$27.75, NAB closed 7.9% higher at A$25.81, ANZ Bank closed 7.8% higher at A$27.86 and Commonwealth Bank was 6.3% higher at A$77.40. NIB Holdings was up 15.8% to A$6.82 and Medibank Private was up 11.5% to A$3.21 with Labor's threat of a two% cap on annual premium increases for the next two years now out of the way.
Fiscal Reforms To Be An Important Ingredient Of New Government
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Birla Cable Ltd leads losers in 'B' group
Orient Press Ltd, Ganges Securities Ltd, Parenteral Drugs (India) Ltd and Mandhana Retail Ventures Ltd are among the other losers in the BSE's 'B' group today, 20 May 2019.
Volumes jump at Thermax Ltd counter
Thermax Ltd witnessed volume of 5.31 lakh shares by 14:19 IST on NSE, a 28.54 times surge over two-week average daily volume of 18602 shares
Strong market breadth
Strong buying demand in index pivotals propelled the key indices to intraday high in mid-afternoon trade. At 14:25 IST, the barometer index, the S&P BSE Sensex, was up 1,297.21 points or 3.42% at 39,227.98. The Nifty 50 index was up 376.45 points or 3.3% at 11,783.60. Sentiment was boosted after most exit polls forecast a majority for the ruling BJP-led NDA in Lok Sabha polls.
Castor seed prices dip by Rs 66 on muted demand
Castor seed prices dipped by Rs 66 to Rs 5,880 per quintal in futures trade Monday after investors tightened bets amid muted trend at the spot market. On the National Commodity and Derivatives Exchange, castor seed for July contracts was trading lower by Rs 66, or 1.11 per cent, to Rs 5,880 per quintal, having an open interest of 65,150 lots. Castor seed prices for August contracts, too, dipped by Rs 108, or 1.79 per cent, to Rs 5,932 per quintal, having an open interest of 55 lots.
Sensex climbs 1,300 points; Nifty touches 11,800
Domestic benchmark indices extended their rally Monday with the BSE Sensex climbing 1,300 points, while Nifty touched 11,800 mark as investors cheered exit poll results that showed a likely win for the ruling NDA in the general elections. The 30-share index was trading 1,341 points, or 3.54 per cent, higher at 39,271.77. In similar movement, the broader NSE Nifty soared 393.95 points, or 3.45 per cent, to 11,801.10. Top gainers in the Sensex pack include SBI, Yes Bank, Tata Motors, L&T, ICICI Bank, IndusInd Bank, ONGC, Maruti, M&M, Axis Bank, RIL, Hero MotoCorp, HDFC, Vedanta, Asian Paints, Tata Steel and Bajaj Finance, rising over 7 per cent. On the other hand, Bajaj Auto and Infosys slipped up to 1 per cent. Most exit polls Sunday forecast another term for Prime Minister Narendra Modi, with some of them projecting that BJP-led NDA will get more than 300 seats to comfortably cross the majority mark of 272 in the Lok Sabha. The results of the seven-phase polls will come out ...
Karisma Kapoor gives away AQE Awards 2019 New Delhi by Xel Research
Xel Research organized Asia's Quality & entrepreneurship awards 2019 associated with Dosa Factory to recognize Asia's Best organizations and professionals from different Industries (i.e. Beauty & Wellness / Healthcare / Education Manufacturers / Hotel & Restaurants Industry) at Radisson Blu hotel, Paschim Vihar.The aim of the award function was to encourage the professionals for doing hard work and bringing positive impact in their prospective field with Quality Services. On the occasion, Bollywood actress Karisma Kapoor was present as chief guest in this ceremony gala. Xel Research is one of the leading market research & brand management company and the awards were based on a comprehensive market research study and opinion surveys conducted by Xel Research.Some of the awardees are:* Bubber's Beauty Palace - Best Jewellery Manufacturer & Exporter In Rajasthan* Crime Reformer Association (National President Dr. Sandeep Kataria) - Most Admired Young Social .
Bharat Forge Q4 net profit jumps threefold to Rs 299.5 crore
Auto components major Bharat Forge Monday reported a nearly threefold jump in its standalone net profit to Rs 299.5 crore for the March quarter. The company had posted a standalone net profit of Rs 100.33 crore in the corresponding quarter a year ago, Bharat Forge said in a regulatory filing. Its total income stood at Rs 1,718.72 crore as against Rs 1,500.83 crore in the year-ago quarter, it added. For the full year 2018-19, the firm's consolidated net profit stood at Rs 1,032.59 crore as compared with Rs 753.97 crore a year ago, a growth of 36.95 per cent, it said. Total consolidated income for the year was Rs 10,348.52 crore as compared to Rs 8,556.68 crore in the previous fiscal. Bharat Forge Chairman and Managing Director B N Kalyani said the financial year 2018-19 has been a record year for the company with strong growth in revenue and profit. "During the year, the company has secured business wins of USD 50 million across sectors and geographies. An encouraging trend is the ...