Mumbai: Bajaj Auto Finance on Wednesday reported a jump of fivefold in its net profit for the first quarter ended 30 June to Rs15.21 crore over the corresponding period a year ago, fueling a surge of 20% in its share price on the Bombay Stock Exchange (BSE). The company had a net profit o…
Continue reading...IDBI Bank Q1 net up 7.6%
Mumbai: Public sector IDBI Bank on Wednesday reported 7.6% growth in net profit at Rs171.83 crore for the first quarter ended 30 June, 2009. The bank had a net profit of Rs159.76 crore in the first quarter of FY09, IDBI Bank said in a filing to the Bombay Stock Exchange. The total income…
Continue reading...Whats up with Gammon India?
Shares of Gammon India shot up over 12% from its day’s low in the late trades. If only the Delhi Metro could spring back as fast as the stock! Shares of Gammon India shot up over 12% from its day’s low in the late trades. The stock had slipped sharply in the morning trades after a p…
Continue reading...Cipla hits 52-week high ahead of Q1 nos
The stock ended at Rs 268 – up 2.3%. The counter witnessed comparatively heavy volumes of around 422,550 shares on the BSE today. Cipla today rallied to a 52-week high of Rs 270 ahead of its Q1 results this Wednesday. The stock has now advanced 2.5% to Rs 268. The counter has witn…
Continue reading...SREI Infra plunges over 19%
At 15:20pm (IST), Shares of SREI Infra have plunged by over 19% to Rs45.20. Shares of SREI Infra have plunged by over 19% to Rs45.20. The scrip has touched an intra-day high of Rs56 and a low of Rs45.10 and has recorded volumes of over 3.3mn shares on NSE. …
Continue reading...Deere closes in on JV with Ashok Leyland
Financial terms have not been disclosed. Ashok Leyland has a broad dealer network throughout India and is the second largest manufacturer of commercial vehicles in that country Deere and Company said today it has completed all legal requirements to form a joint venture in India between i…
Continue reading...Top 10 firms lose over Rs 1.73 lakh crore in market valuation
MUMBAI: The country’s top 10 firms saw their total market capitalisation being wiped out by over Rs 1,73,000 crore last week, and Mukesh BSE Pick stocks on fundamentals Fiscal & revenue deficit Short-term plans are safe bets Five facts on stock falls Volatility: Bet on bi…
Continue reading...Stocks sink on rain scare
Worst weekly fall for Sensex since October, Stocks sank once again, completing the Bombay Stock Exchange Sensitive Index’s worst week since October, after Agriculture Minister Sharad Pawar said monsoon rainfall has been deficient. Pawar said in the Lok Sabha today that the northwest re…
Continue reading...Indian shares post biggest weekly fall in 8 mths
MUMBAI: Indian shares fell 1.8 per cent on Friday and posted their biggest weekly fall in more than eight months as concern about the economy kept investors jittery, but Infosys bucked the trend and rallied on strong quarterly result. Infosys Technologies, the country’s No. 2 outso…
Continue reading...HCC surges on bagging order worth Rs 387.5 crore
Hindustan Construction Company, HCC touched an intraday high of Rs 103.90 and an intraday low of Rs 101.60. At 10:36 am, the share was quoting at Rs 102.90, up Rs 1.25, or 1.23%. The company has bagged Rs 387.5 crore order for power plant in Bhutan, reports CNBC-TV18. It was trading wit…
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