Tyre maker Ceat on reported a decline of 17.38 per cent in consolidated net profit at Rs 93.07 crore for the quarter ended 30th June, FY16-17. The company had reported a net profit of Rs 112.65 crore during the corresponding quarter of the previous financial year. However, on 5th August 2016 (today) Ceat share price zoomed up by 5.98 per cent to close at Rs 908.90. The shar
Fortis share price surged 5 per cent on Friday after the hospital chain announced its decision to demerge its diagnostic division to generate up to Rs.5,000 cr. Fortis Healthcare in a press release to Bombay Stock Exchange(BSE) said that its board of directors had approved the demerger of its diagnostic business, which operates under the brand name of SRL Diagnostics. Market experts and analysts said that the demerger of Fortis' diagnostic business will open up value for shareholders. Issues of diag
This morning on 5th August, Bannari Amman Spinning Mills share price went all green and opened at Rs. 273.90 with an increase of 36.65 points. The stock met its day's high and low at Rs. 325.60 and Rs. 273.90 respectively. For the past five days the stock gradually showed positive growth and is presently trading at Rs. 309.00 up by 13%. As per NSE, approximately 80K shares were traded in the counter. Bannari Amman Spinning Mills Limited
Trident share price shot up on NSE today ahead of Q1 results to be published on 7th August, 2016. The stock witnessed a rise of 8% in the morning trade on NSE and its volume traded on the counter stood at 13,19,344 shares. The scrip opened at Rs. 42.70 from a previous closing of Rs.42.15. Currently, the day's high stands at Rs.46 while the day's low reads at Rs.42.25.Currently, the stock is trading 7.12% higher at Rs. 45.15. Trident share price performanc
The automotive tyre, tubes and flaps manufacturing company, JK Tyre is the only tyre manufacturer which offers the entire variety of 4 wheeler radials for trucks, cars and buses. JK tyre share price saw a rise of 10.79% and opened at Rs. 92.15 touching an intraday high and low of Rs. 103.30 and Rs. 91.70 respectively.After following a sluggish path for the past few days, it took pace and is currently trading at Rs. 100.55 up by 10 points. After the Rajya Sabha passed the Goods and Services Tax (GST) Constitutional Amendment Bill, shares of automobiles compani
Geojit BNP Paribas Financial Services on Thursday (4th August '16) disclosed a 15 per cent rise in consolidated profit after tax (PAT) at Rs 12.05 crore. The company's PAT had stood at Rs 10.51 crore in the last quarter of the previous fiscal year, Geojit BNP Paribas informed in a release issued in Mumbai. Revenue for the first quarter increased marginally by 5 per cent to Rs 69.49 crore against Rs 65.95 crore in the same period of the last fiscal year. The company's assets under custody and management were observed a
Bank of England Chief, Mike Carney lived up to market expectations by delivering a stimulus package where interest rates were cut by 0.25% to its 322 year lowest of 0.25%. The quantitative easing program was surged to 430 billion pounds which included an additional 10 billion pounds of corporate bond purchases and 60 billion pounds of government bonds purchases.This was music to ears of market men as the Chief had delivered but as the saying goes markets buy on rumou
This morning Bharat Forge saw a rise of 40.05 points and opened at Rs. 721.40 touching an intraday high and low at Rs. 772.90 and 719.10 respectively. The stock saw a rise in volume by more than 5.41 times. The company announced the Unaudited Standalone results for the Quarter ended June 30, 2016. Bharat Forge, the automotive products manufacturer first quarter (April-June) profit is seen slip 20 percent Y-o-Y to Rs 157 crore and revenue falling 12 percent to Rs 990 crore, as per average o
4th August 2016 was an important day in the calendar of Siemens Ltd. It announced its FY17 Q1 results as well as was awarded with Rs 217 crore orders for power project in Bangladesh.Siemens share price is currently trading at Rs 1,267.95, up by 0.98 per cent on NSE at the moment. The intraday high and the intraday low are Rs 1,292.55 and Rs 1,261.00 respectively. <p style
The largest integrated power company in India, Tata Power share price opened at Rs. 71.15 up by 0.64% touching the intraday high and low at Rs. 71.50 and 71.15 respectively.With reference to the previous letter dated August 03, 2016, Tata Power has disclosed that the meeting of the Board of Directors of the Company to review (i) the Audited Financial Results (Standalone) and (ii) Unaudited Consolidated Financial Results of the Company for the June '16 quarter end will be kept in hold on August 23, 2016 (Q1). <p style="margin-top
