Showing posts with label commodity tips provider. Show all posts
INDIAN BENCHMARK open higher with the Nifty rising above 7900
By : Simran Shah
INDIAN BENCHMARK open higher with the Nifty rising
above 7900 level supported by positive global cues, and capital goods, oil
& gas, banks and metals stocks.
FURTHER, Aurobindo Pharma will be
expanding the capacity of its active pharmaceutical ingredients ( APIs) unit
(unit-11) in Vizag this fiscal. Indian Oil Corp is reportedly planning to raise
processing of cheaper crude oil varieties to 30% by 2017-18.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Monday while the DIIs
were net buyers of Rs. 490cr, as per the provisional figures released by
the NSE.
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TOP CORPORATE NEWS 08 August 2014
By : Simran Shah
·
SBI surprises street, Q1 profit
rises 3% to Rs 3349 cr
State Bank
of India surprised street with the first quarter (April-June) net profit rising
3.3 percent year-on-year to Rs 3,349 crore on higher net interest income though
it was impacted by higher provisions, tax cost and lower other income. Net
profit in the year-ago period was Rs 3,241.08 crore. The growth in profitability
was for the first time in last six quarters.
·
M&M Q1 standalone profit beats
estimate
Mahindra and
Mahindra has reported a 4.3 percent growth in first quarter (April-June) profit
at Rs 896.4 crore compared to Rs 859.8 crore in same quarter last year driven
by operational performance.
·
Siemens bags orders from Reliance
Industries for supply of steam turbines
Siemens announced that
it has received orders for approximately Rs 228 crores from Reliance Industries
Ltd for supply of four 600 Steam Turbogenerator units for its Jamnagar
Refinery.
·
Chambal Fertilisers Q1 PAT
declines 28% to Rs 80.8 cr
Chambal
Fertilisers and Chemicals Q1FY15 (April-June) net profit declined 28.5 percent
to Rs 80.8 crore from Rs 113 crore in a year ago period. Net sales of the
company were up 18 percent at Rs 1,994 crore versus Rs 1,687 crore, Y-o-Y.
TOP CORPORATE NEWS
By : Simran Shah
·
Jubilant Food Q1 net down 19%,
same store sales contracts
Jubilant
Foodworks has first quarter (April-June) net profit falling 18.5 percent to Rs
27.7 crore compared to Rs 34 crore in the year-ago period, impacted by weak
operational performance.
·
India Cements Q1 cuts loss to Rs 3
cr
India
Cements has posted a net loss of Rs 2.96 crore in the quarter ended June 2014
as against profit of Rs 16.8 crore in the year-ago period but the loss was
reduced compared to loss of 30.56 crore in January-March quarter.
·
Jubilant Industries drops on poor
Q1 nos
Jubilant Industries
slipped nearly 17% after reporting a consolidated net loss of Rs18.90 crore for
the first quarter ended June 30, 2014 (Q1), due to lower operational income and
higher interest cost. The agrochemicals company had loss of Rs16.96 crore in
the same quarter last fiscal.
·
Rail stocks suge after Cabinet
clears 100% FDI in railways
Shares of
railways have rallied after the Union Cabinet cleared the proposal to allow
100% foreign direct investment (FDI) in railway infrastructure.
