Friday, 23 May 2014
SBI hits three-year high as Q4
profit beats Street
State Bank of India has
moved higher by nearly 9%, its highest level since May 2011, after reporting a better-than-expected
net profit of Rs 3,041 for the quarter ended March 31, 2014. The
asset quality of the bank for the quarter improved on a sequential basis.
RCom gains on deal buzz
Reliance
Communications has sored more than 3% in early trades on the buzz that China’s
Citic Telecom, listed on the Hong Kong Stock Exchange, is in talks with the
company to buy into its undersea cable assets.
ITC Q4 meets forecast, profit
jumps 18% to Rs 2,276 cr
ITC fourth
quarter net profit rising 18 percent year-on-year to Rs 2,276 crore, driven by
higher revenue. Net sales grew 11.8 percent to Rs
9,145 crore in the quarter ended March 2014 from Rs 8,180 crore in same quarter
last year.
HDIL Q4 net profit at Rs. 1.5bn
HDIL has
posted a consolidated net profit after taxes, minority interest and share of
profit of associates of Rs. 1775.70 million for the year ended March 31, 2014
whereas the same was at Rs. 733.30 million for the year ended March 31, 2013.
