Thursday 10 November 2016

Sensex up 400 pts, Midcap shines

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The EBITDA level it has been a poor performance this last quarter. Orient Cement reported a standalone net loss of Rs 29.4 crore for the quarter ended September 30, 2016, against a net profit of Rs 28 crore in the year-ago period. “Our markets and plants underwent some difficulty because of monsoon rains. It led to operational challenges. The thermal power plant that sends fly ash to be blended with clinker wasn’t producing power. That also hurt our volumes.


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