Monday 14 January 2019

Stocks in the news: Infosys, Tata Sponge, Avenue Supermarts, GNA Axles, SPARC, KNR Constructions


Here are stocks that are in the news today:

Results Today: Indiabulls Ventures, ICICI Securities, Supreme Infrastructure India, Tata Metaliks, Prakash Industries

Infosys Q3: Profit down 12.2 percent to Rs 3,609 crore versus Rs 4,110 crore; revenue up 3.1 percent at Rs 21,400 crore versus Rs 20,609 crore; $ revenue up 2.2 percent at $2,987 million versus $2,921 million and constant currency revenue growth at 2.7 percent QoQ. Company raises FY19 constant currency revenue growth guidance to 8.5-9 percent from 6-8 percent and maintains EBIT margin guidance at 22-24 percent.

Infosys: The board approves a special dividend of Rs 4 per share and buyback up to Rs 8,260 crore at maximum Rs 800 per share.

Cadila Healthcare: Zydus received final approvals from the USFDA for Betamethasone Dipropionate Cream and Amlodipine & Atorvastatin tablets.

Jammu & Kashmir Bank Q3: Profit rises 43 percent to Rs 103.75 crore versus Rs 72.47 crore; net interest income increases 13 percent to Rs 881.63 crore YoY.

GNA Axles Q3: Profit rises 41.6 percent to Rs 18 crore versus Rs 12.7 crore; revenue increases 47.5 percent to Rs 246.3 crore versus Rs 167 crore YoY.

Federal Bank: Executive Director, Ganesh Sankaran steps down

Yes Bank: Bank announces Brahm Dutt as non-executive part-time chairman.

Adani Green Energy: Company acquired balance 51 percent equity of Kodangal Solar Parks Private Limited (KSPPL) from FS India Devco Private Limited. With this acquisition, KSPPL has become wholly-owned subsidiary of the company.

Shree Rama Newsprint Q3: Profit at Rs 9.74 crore versus loss of Rs 3.43 crore; revenue falls to Rs 139.3 crore versus Rs 144 crore YoY.

Avenue Supermarts Q3: Profit rises to Rs 257.11 crore versus Rs 251.77 crore; revenue jumps to Rs 5,450.94 crore versus Rs 4,093.89 crore YoY.

Sundaram Multipap: Board approved the draft scheme of amalgamation of E-Class Education System Limited (ECESL), a 51 percent subsidiary of Sundaram Multipap with Sundaram Multipap (SML).

HCL Technologies: Audit Committee recommended the appointment of BSR & Associates LLP as the statutory auditors of the company who will hold office for a period of five consecutive years.

Tata Sponge Iron Q3: Consolidated profit falls to Rs 26.81 crore versus Rs 36 crore; revenue rises to Rs 260.83 crore versus Rs 214.47 crore YoY.

PNC Infratech: Company received resignation from Rakesh Kumar Gupta from the post of director.

NTPC: Company to raise Rs 4,000 crore through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 8.30% per annum.

KNR Constructions: Two wholly owned subsidiary companies have received the financial closure letter from the National Highways Authority of India.

Sun Pharma Advanced Research: Company had out-licensed XELPROSTM to Sun Pharma in June 2015 and this commercialisation of XELPROSTM, has triggered a milestone payment of $10 million and sales linked royalties, by Sun Pharma to company.

IL&FS Engineering and Construction Company: Gujarat Metro Rail Corporation Limited terminated the contract for construction of metro stations for Package-1 of North-South Corridor for Ahmedabad Metro Rail Project Phase-1.

TRF Q3: Loss at Rs 18.35 crore versus loss Rs 26.8 crore; revenue falls to Rs 86.4 crore versus Rs 114.3 crore YoY.

BLS International: Company expanded operations and added more centres for Attestation and Apostille services across the country. This follows the renewal of its contract by the Ministry of External Affairs.

Suzlon Energy: Company has completed sale of securities of Rudra held by the company to AMP Ventures for Rs 14.21 crore and accordingly Rudra has ceased to be a subsidiary of the company.

Marg: Board made a preferential allotment of 1,26,99,533 equity shares at a price of Rs 61.68 per share to non promoters.

We provide you sure shot Commodity & Equity Market Tips, Intraday tips, share market tips, Mcx bullion tipsMcx tips, Crude tips, Stock tips, Future and Cash tips with Technical & Fundamental Research.

Contact us @ +91-9644405056
Source: Moneycontrol

No comments:

Post a Comment