Archive for the 'Market News' Category
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 [...]
November 22nd, 2011 | Posted in Market News | No Comments
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 [...]
November 22nd, 2011 | Posted in Market News | No Comments
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
November 16th, 2011 | Posted in Market News | No Comments
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 [...]
November 14th, 2011 | Posted in Market News | No Comments
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 [...]
November 9th, 2011 | Posted in Market News | No Comments
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 [...]
November 9th, 2011 | Posted in Market News | No Comments
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. [...]
November 8th, 2011 | Posted in Market News | No Comments
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 [...]
November 8th, 2011 | Posted in Market News | No Comments
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 [...]
November 3rd, 2011 | Posted in Market News | No Comments
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 [...]
November 1st, 2011 | Posted in Market News | No Comments