Archive for the 'Market News' Category

Ranbaxy 3QCY11 Results

Ranbaxy has declared third quarter results for calendar year 2011-2012 (3QCY11). The company has reported an 8.7% YoY growth in net sales and a net loss of Rs 4.6 bn this quarter. Net sales increase by 8.7% YoY, Operating margins (EBITDA) increase by 110 bps (1.1%) to 8.3% Net loss in 3QCY11 stands at Rs [...]

Tech Mahindra 3.2% QoQ growth in sales in 2Q FY12 Results

Tech Mahindra has announced its second quarter results for the financial year 2011-2012 (2QFY12). The company has reported a 3.2% QoQ growth in sales but a 13.1% QoQ decline in net profits Tech Mahindra recorded a 3.2% QoQ growth in its sales during the quarter. This was driven by the ‘Others’ segment which grew by [...]

HCL Tech likely to bag USD 450-500m order

Jet Airways Debt will come down by Rs 1500 cr in next 6 months; will see better yield due to hike in fares going forward BGR Energy Expect performance to bounce back in Q3 and Q4; expect interest costs to come down by Q3FY12 end HCL Tech likely to bag USD 450-500m order

Nikkei, Hang Seng and Shanghai closed up in the range of 1 to 2 per cent

Indian Markets gave up all the morning gains and finally ended in the red zone. European Markets also gave up its initial gains and are trading in a very narrow range. October Inflation came in at 9.73 per cent against 9.72 per cent (MoM). Among the sectoral I.T, Teck and Health care showed some strength and [...]

Voltas | Neyveli Lignite Corporation | Lupin

Voltas Voltas has posted a profit after minority interest of Rs. 418.70 million for the quarter ended September 30, 2011 as compared to Rs. 924.10 million for the quarter ended September 30, 2010. Total Income has increased from Rs. 10837.10 million for the quarter ended September 30, 2010 to Rs.11440.40 million for the quarter ended [...]

Opto Circuits (India) Ltd | Pondy Oxides & Chemicals | CESC

Opto Circuits (India) Ltd The Company has posted a net profit of Rs. 575.992 million for the quarter ended September 30, 2011 as compared to Rs. 511.203 million for the quarter ended September 30, 2010. Total Income has increased from Rs. 1341.466 million for the quarter ended September 30, 2010 to Rs. 1542.154 million for [...]

Kansai Nerolac Operating margins fall to 14.8% in 2QFY12

Kansai Nerolac has announced the second quarter results of financial year 2011-2012 (2QFY12). The company has reported 15.5% YoY and 6.5% YoY growth in sales and net profits respectively. Here is our analysis of the results. Top line increases 15.5% YoY during the quarter. Operating margins fall to 14.8% in 2QFY12 from 15.7% in 2QFY11. [...]

Ashok Leyland Net sales rise by 14% YoY

Ashok Leyland announced the second quarter results of financial year 2011-2012 (2QFY12). The company has reported a 14% YoY increase in revenues, while profits have dropped by 8% YoY. Here is our analysis of the results. Net sales rise by 14% YoY largely led by strong growth of its exports business. Operating margins shrink by [...]

Rupee down by 30 paise against US dollar

The Indian rupee was down by 30 paise at Rs 49.48 per US dollar in early trade on Thursday. This follows fresh demand for the American currency from banks and importers amid a stronger dollar in overseas markets. The rupee had strengthened by 8 paise to close at 49 rupees 19 paise against the US [...]

ACC net profit of Rs.1675.766 million for Q2FY12

The Group has posted a net profit of Rs. 1593.099 million for the quarter ended September 30, 2011 where as the same was at Rs. 863.087 million for the quarter ended September 30, 2010. Total Income is Rs. 24404.320 million for the quarter ended September 30, 2011 where as the same was at Rs. 18410.014 [...]