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Intrasoft Technologies share price saw a surge of almost 7 per cent intraday after its Q1 FY17 results were announced on 5th August 2016 at 17:10 hours. After the announcement of the result on Friday evening Intrasoft Technologies share price opened at Rs. 475 this morning from a previous day close of Rs. 457.30. <p style=
Union Bank of India reported a 68% Y-o-Y slip in its fiscal first quarter net profit. Net profit went down to Rs 166.32 crore in the quarter ended 30 June from Rs. 518.78 crore a year ago because of higher provisions. As per Bloomberg poll of 19 analysts, the bank was expected to post a net profit of Rs. 223.90 crore for the quarter ended June. Net interest income, or the chief income a bank earns by giving loans, slipped marginally to Rs. 2,102.25 crore as compared Rs. 2,130.17
CARE Ratings, which is the second-largest credit rating agency in India, announced its Q1 FY17 results post market hours on Friday, 5th August 2016. Care ratings share price zoomed up by almost 10 per cent intraday once the market opened this morning. The mid-cap company has an equity capital of INR 29.40 cr. The Face value per share is Rs 10. The EBITDA of the Company (earnings before interest, taxation, depreciation and a
JK Cement shares price zoomed over 13 per cent intraday to hit 52-week high of Rs 847.90 after the Kanpur-based company reported a very strong earnings for the quarter ended 30th June 2016. JK Cement registered a net profit of INR 61 crore in Q1 FY17 compared to a net profit of INR 1 crore in the same quarter of the previous financial year. The revenue of this cement manufacturer increased 10 per cent to INR 898 crore compared to INR
As informed by the VC & MD Apollo Tyres, Neeraj Kanwar, Apollo Tyres' domestic business revenues are likely to soar in double-digits this year. Though the input prices are now inching higher, the company aims to maintain margin about 18 percent this financial year. He is of the view that Chinese tyre imports are booming, posing a threat to the domestic market and there is urgent need to take some corrective measures in the form of imposing an anti-dumping duty. Neeraj Kanwar is a ver
HSIL Share Price touched a new 52 week high of Rs 337.70 in today's trading session in anticipation from the benefit it could derive from GST (Goods and Service Tax). HSIL derives nearly 50 per cent of its top-line from the Faucets & Sanitaryware business. Over 70 per cent of the domestic Packaging market in India is dominated by unorganised players (with >40,000 smaller market participants). Currently the unorganized players do not come under the tax bracket and the price of the end product manufa
Wockhardt share price plunged by almost 14 per cent intraday in today's trading which is the most in six months after its 3rd drug-manufacturing plant in India was banned by the Food and Drug Administration from importing products into the U.S. Wockhardt share price is currently trading at Rs 924.80 apiece on
Meghmani Organics disclosed its unaudited result for the June '16 quarter end and this morning the stock opened with a rise of 2.40% at Rs. 48.50 as seen on NSE. The stock touched its day's high and low at Rs. 48.80 and 46.55. Meghmani Organics disclosed a rise in income from operations to Rs 36,051.15 lakhs for the June '16 quarter end as compared to the corresponding quarter of the last financial year which was seen at Rs.30, 905.27 lakhs. The profit from operations nearly doubled on Y-o-Y basis
Recently, on July 25th 2016, Eveready Industries had declared the rise in their net profit of 10% at Rs. 22.36 crores for the June quarter against the net profit of Rs. 20.27 crores in the corresponding Quarter last financial year. At the day, Eveready share price closed at Rs. 268 on NSE. The company reported the operating income of Rs. 354.35 crores as against Rs. 348.16 crores of the same quarter in the last financial year. On the other hand, the net sales of the company moved marginally by 1.18%, taking the value to Rs. 371.35 cr
GST continued to hold the sway on the 1st day of the week even as the market rode on high speculative bets. India's benchmark Nifty was facing stiff resistance.
