Page 471 - Business Finance
Reliance Nippon Life Asset Management consolidated net profit rises 34.16% in the March 2019 quarter
Sales decline 21.65% to Rs 343.22 crore
RPG Life Sciences standalone net profit rises 23.20% in the March 2019 quarter
Sales decline 17.57% to Rs 68.80 crore
Gallantt Metal standalone net profit declines 58.78% in the March 2019 quarter
Sales decline 0.66% to Rs 266.43 crore
Orient Cement standalone net profit rises 383.92% in the March 2019 quarter
Sales rise 21.15% to Rs 750.81 crore
SagarSoft (India) standalone net profit declines 59.47% in the March 2019 quarter
Sales decline 20.32% to Rs 10.51 crore
Mishtann Foods standalone net profit rises 193.10% in the March 2019 quarter
Sales decline 7.84% to Rs 123.61 crore
Welcure Drugs & Pharmaceuticals reports standalone net loss of Rs 0.01 crore in the March 2019 quarter
Reported sales nil
Investment & Precision Castings standalone net profit declines 20.28% in the March 2019 quarter
Sales decline 10.34% to Rs 24.62 crore
L G Balakrishnan & Bros standalone net profit declines 22.24% in the March 2019 quarter
Sales rise 11.05% to Rs 381.72 crore
Shanthi Gears standalone net profit declines 37.53% in the March 2019 quarter
Sales rise 9.67% to Rs 60.10 crore
Trent standalone net profit rises 36.79% in the March 2019 quarter
Sales rise 26.47% to Rs 668.67 crore
Castrol India standalone net profit rises 1.76% in the March 2019 quarter
Sales rise 5.30% to Rs 976.20 crore
Britannia Industries Ltd slips for fifth straight session
Britannia Industries Ltd is quoting at Rs 2917, down 1.71% on the day as on 13:19 IST on the NSE. The stock jumped 7.54% in last one year as compared to a 9.23% rally in NIFTY and a 5.26% spurt in the Nifty FMCG index.
Power Grid Corporation of India Ltd drops for fifth straight session
Power Grid Corporation of India Ltd is quoting at Rs 186.7, down 2.15% on the day as on 13:19 IST on the NSE. The stock tumbled 8.99% in last one year as compared to a 9.23% rally in NIFTY and a 19% spurt in the Nifty Energy index.
Weak market breadth
Key barometers hovered in negative zone in afternoon trade. At 13:25 IST, the barometer index, the S&P BSE Sensex, was down 166.87 points or 0.43% at 38,900.46. The Nifty 50 index was down 57.45 points or 0.49% at 11,697.20. The undertone of the market was fragile amid mixed Asian cues and negative European stocks.
Crude oil prices up 0.93% on positive cues
Crude oil prices rose 0.93 per cent to Rs 4,450 per barrel in futures market Tuesday as speculators created fresh positions taking positive cues from the overseas market. At the Multi Commodity Exchange, crude oil for delivery in May contracts rose by Rs 41, or 0.93 per cent, to Rs 4,450 per barrel in a business turnover of 17,931 lots. Crude to be delivered in June contracts also gained Rs 37, or 0.83 per cent, to trade at Rs 4,469 per barrel in 518 lots. Analysts said speculators widened positions in domestic market after global oil prices gained steam. A couple of bullish oil price forecasts also led to speculators widening positions. Globally, West Texas Intermediate for June contracts delivery gained 0.22 per cent to USD 63.64, while Brent crude rose 0.32 per cent to USD 72.27 per barrel.
CarDekho to buyback ESOPs worth Rs 17.5 cr
GirnarSoft Group online consumer automotive firm, CarDekho Tuesday said it will buyback shares worth Rs 17.5 crore under the parent's ESOP re-purchase plan for this year. The company will be buying back ESOP (Employee Stock Ownership Plan) stocks from 71 eligible employees both existing as well as former, who have/had served four years in the company and are holding vested stocks, CarDekho said in a statement. These employees would be able to encash 50 per cent of the vested stocks under the plan, it added. The company has achieved multiple milestones and have grown as a leading consumer internet company, CarDekho Co-Founder and CEO Amit Jain said. "Now, we wish to reward the contribution of both existing and ex-employees for their loyalty and the value that has been created over the years," he added. CarDekho had raised USD 110 million to support future growth plans towards the end of 2018-19 with Axis Bank joining its list of investors which also also includes Sequoia, Hillhouse, ..
Glenmark Pharmaceuticals Ltd adds 0.42%, rises for fifth straight session
Glenmark Pharmaceuticals Ltd is quoting at Rs 650.5, up 0.42% on the day as on 12:49 IST on the NSE. The stock is up 18.34% in last one year as compared to a 9.28% spurt in NIFTY and a 4.76% spurt in the Nifty Pharma.
Godrej Industries Ltd extends winning streak
Godrej Industries Ltd is quoting at Rs 513.8, up 0.24% on the day as on 12:49 IST on the NSE. The stock is down 16.57% in last one year as compared to a 9.28% jump in NIFTY and a 5.35% jump in the Nifty FMCG.
Hindustan Petroleum Corporation Ltd gains for fifth straight session
Hindustan Petroleum Corporation Ltd is quoting at Rs 283, up 0.04% on the day as on 12:44 IST on the NSE. The stock is down 4.84% in last one year as compared to a 9.28% jump in NIFTY and a 18.99% jump in the Nifty Energy.