Thursday, 22 May 2014
Motherson Sumi Systems Q4 profit
rises 54% to Rs 302.5 cr
Motherson Sumi Systems
has reported a 54.5 percent growth in net profit to Rs 302.5 crore in the quarter
ended March 2014 on consolidated basis, driven by higher revenue and
operational performance. The profit in corresponding quarter of last fiscal was
Rs 195.8 crore.
Kalindee Rail declines on merger
with Texmaco Rail
Kalindee
Rail Nirman is locked at the lower circuit of 10% after the company said its
board approved the merger with Texmaco Rail & Engineering.
Jewellery shares rally as RBI
eases gold import rules
Jewellery
makers have rallied by up to 20% after the Reserve Bank of India eased gold
import rules by allowing select trading houses, in addition to already
permitted banks, to procure the precious metal to boost exports.
Bajaj Auto extends rally after
Egypt lifts import ban
Bajaj Auto
is trading higher by 3%, on reports that Egypt government has lifted the ban on
imports of two-wheelers and three-wheelers into the country which was in effect
since February 2014.
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