Page 321 - Business Finance
Inox Wind reports consolidated net loss of Rs 53.56 crore in the March 2019 quarter
Sales decline 11.73% to Rs 179.55 crore
Bliss GVS Pharma standalone net profit declines 77.15% in the March 2019 quarter
Sales rise 27.24% to Rs 106.14 crore
Bliss GVS Pharma reports consolidated net profit of Rs 18.11 crore in the March 2019 quarter
Sales rise 45.91% to Rs 244.05 crore
Mukand Engineers reports standalone net loss of Rs 6.89 crore in the March 2019 quarter
Sales decline 29.12% to Rs 16.33 crore
Hem Holdings & Trading standalone net profit declines 66.67% in the March 2019 quarter
Sales decline 50.00% to Rs 0.01 crore
Bajaj Finserv Ltd up for fifth session
Bajaj Finserv Ltd is quoting at Rs 8244.55, up 3.15% on the day as on 12:49 IST on the NSE. The stock is up 44.08% in last one year as compared to a 11.56% spurt in NIFTY and a 22.35% spurt in the Nifty Financial Services.
Cholamandalam Investment & Finance Company Ltd soars 5.27%, rises for fifth straight session
Cholamandalam Investment & Finance Company Ltd is quoting at Rs 1422, up 5.27% on the day as on 12:49 IST on the NSE. The stock is down 7.53% in last one year as compared to a 11.56% spurt in NIFTY and a 22.35% spurt in the Nifty Financial Services.
Bharat Petroleum Corporation Ltd spurts 3.85%, gains for fifth straight session
Bharat Petroleum Corporation Ltd is quoting at Rs 390.7, up 3.85% on the day as on 12:49 IST on the NSE. The stock is down 0.8% in last one year as compared to a 11.56% jump in NIFTY and a 19.62% jump in the Nifty Energy.
Eicher Motors Ltd spurts 1.5%, gains for fifth straight session
Eicher Motors Ltd is quoting at Rs 21250.05, up 1.5% on the day as on 12:49 IST on the NSE. The stock is down 27.8% in last one year as compared to a 11.56% jump in NIFTY and a 22% jump in the Nifty Auto.
Sensex surges above 39,000
Key equity benchmarks extending strong intraday gains in early afternoon trade, with the Sensex moving above the psychological 39,000 level. At 12:22 IST, the barometer index, the S&P BSE Sensex, was up 1,088.09 points or 2.87% at 39,018.86. The Nifty 50 index was up 321.20 points or 2.82% at 11,728.35. Shares of index heavyweight Reliance Industries advanced. Metal and mining stocks gained. Sentiment was boosted after most exit polls forecast a majority for the ruling BJP-led NDA in Lok Sabha polls.
Puravankara posts 58 pc jump in net profit at Rs 38.78 cr
Realty firm Puravankara Ltd has posted 58 per cent increase in its consolidated net profit at Rs 38.78 crore for the quarter ended March 2019. The company had reported a net profit of Rs 24.55 crore in the same quarter of FY18. The firm's revenue jumped over two folds to Rs 667.08 crore in the fourth quarter of last fiscal against Rs 323.25 crore in the same period a year ago, the Bengaluru-based developer said in a statement. Net profit went up by 25 per cent to Rs 114 crore during 2018-19 fiscal as compared to Rs 91.40 crore in the year-ago period. The revenues rose 41 per cent to Rs 2,126.72 crore during the last fiscal from Rs 1,504.94 crore in FY18. On the operations front, Puravankara Ltd sold 3,429 units worth Rs 2,098 crore last fiscal as compared to 2,781 units for Rs 1,881 crore in the 2017-18. Puravankara Ltd MD Ashish R Puravankara, said, "FY19 ends on a positive note for us as we continue our momentum and stay on the path of gaining market share, and hence strong and ...
BLB Ltd leads gainers in 'B' group
Sumeet Industries Ltd, TRF Ltd, Somi Conveyor Beltings Ltd and Hubtown Ltd are among the other gainers in the BSE's 'B' group today, 20 May 2019.
With poll control ending, petrol/diesel prices start their journey northwards
Just a day after the 2019 Lok Sabha polls came to an end, state-owned oil marketing companies (OMC) on Monday have raised the retail price of petrol and diesel signalling that election induced price moderation for petroleum products has come to an end.
Lumax Auto's revenue up 22 pc in FY 19 at Rs 1,358 crore
Automotive components manufacturer Lumax Auto Technologies has reported revenue of Rs 1,358 crore in 2018-19, up by 22 per cent from Rs 1,111 crore in the previous fiscal year.The earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 25 per cent to Rs 145 crore. Profit after tax and minority interest grew by 35 per cent to Rs 66 crore as against Rs 49 crore in FY 18. Capital expenditure during the year was Rs 79 crore."The auto industry has been facing a challenging time since the second half of FY 19," said company's Managing Director Anmol Jain. "OEMs undertook various measures to induce demand and the slowdown seems to be a temporary phenomenon."Jain said it is expected that the growth in demand will bounce back from second half of FY20 with expectation of improved liquidity, stable government and strong fundamentals of Indian economy."The Indian automotive industry is moving towards energy efficiency, e-vehicles, BS VI and aesthetic beautification of ...
Adani Enterprises Ltd leads gainers in 'A' group
ITI Ltd, Adani Power Ltd, Adani Green Energy Ltd and Indiabulls Real Estate Ltd are among the other gainers in the BSE's 'A' group today, 20 May 2019.
Capital goods, realty stocks gain
Key indices held strong intraday gains in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 962.24 points or 2.54% at 38,893.01. The Nifty 50 index was up 278.60 points or 2.44% at 11,685.75. Capital goods stocks rose. Realty stocks gained.
Jubilant Biosys is first to add ForteBio's latest SPR System in India, for fragment screening and characterization of lead compounds
/ -- Jubilant Biosys, a wholly owned subsidiary of Jubilant Life Sciences, announced today that it has recently added advanced Pioneer FE system to their platform of drug discovery solutions available to customers. The Pioneer FE system from ForteBio, the Biologics Business Unit of Molecular Devices, represents the next generation SPR instrumentation for label-free characterization of biomolecules. Sensitive enough to measure high affinity and covalent binding events, the Pioneer systems also uses a unique OneStep gradient injection technology to facilitate fragment screening. Pioneer systems with OneStep technology can analyze up to 768 fragments in 24 hours, obtaining kinetics during the primary screen and eliminating the need for additional screens. The Pioneer system is the first unit placed in India, and part of Jubilant's continuing investment in new technologies supporting their innovator customer needs. Said Marcel Velterop, President of Jubilant Biosys, "The addition of the ..
IT stocks under pressure; TCS, Infy down up to 2 pc
IT stocks came under pressure led by losses in Infosys and TCS in early trade Monday, even as the broader market witnessed heavy buying after exit poll results suggested another term for the ruling NDA government. IT index was the only one trading in the red. All other sectoral indices were in the green. Besides, heavyweight IT stocks like Infosys and TCS were trading in the negative territory. Infosys fell to Rs 706.85, down 2.34 per cent over its previous close of Rs 723.80 in early hours Monday. Similar movement was seen on the TCS counter as well, where the stock opened at Rs 2,126.00, then fell to a low of Rs 2,050.25, down 2.19 per cent over its last close. The S&P BSE IT index was trading at 15,340.01, down by 69.11 points or 0.45 per cent. Some of the other IT stocks that were trading in the red include Larsen & Toubro Infotech (down 1.37 per cent), Mphasis (down 0.98 per cent), Tech Mahindra (down 2.40 per cent), Mindtree (down 0.08 per cent), Allsec Technologies ...
Volumes jump at Thyrocare Technologies Ltd counter
Thyrocare Technologies Ltd saw volume of 54851 shares by 10:49 IST on BSE, a 43.58 fold spurt over two-week average daily volume of 1259 shares
Shree Cement advances after Q4 result
Shree Cement rose 3.53% to Rs 20,014.20 at 10:45 IST on BSE after the company announced its Q4 result on Saturday, 18 May 2019.