Initiated by the Government of India, Ujwal DISCOM Assurance Yojana (UDAY) is the financial turnaround and revival package for electricity distribution companies of India (in short DISCOMs). The aim of this scheme is to find a permanent solution to the big financial mess that the power distribution is facing. Four Major Initiatives to be taken under this Package Includes: I
Amara Raja share price was trading 3.68% lower on NSE today and a spurt in volume by 3.12 times was recorded. This comes in due to anticipation of quarterly results to be announced on 6th August, 2016. Market analysts estimate Amara Raja to report a 30.6per cent growth Quarter-on-Quarter and a growth of 16.1 per cent Year-on-Year in net profit at Rs 141.8crores.Sales are estimated to rise by 8.9 per cent Qua
On 4th August, Aptech share price opened with a rise of 5.35 points at Rs. 70.90 while its previous closing was noted at Rs. 70.35. The stock saw a rise in volume by more than 3.41 times touching the intraday high and low at Rs. 76.80 and Rs. 70.50 respectively. Aptech, the global education and training company based in Mumbai, India, has successfully ventured into ten different sectors ranging from IT training to personal development. Aptech partnered with Geojit BNP Paribas, signed a
GST has been the good talk of the Indian Economy, benefitting almost all the sectors. Financial sector, as well, wasn't left untouched of the whirlwind. Apart from logistics, financial sector is another one that is being massively impacted by the bill, Motilal Oswal being the key beneficial. GST led to the 3% rise in the Motilal Oswal share price
Ramco Systems shares fell over 15 per cent on 4th August, to hit fresh 52-week low at Rs. 548.70. The stock saw a spurt in volume by more than 18 times. Chennai-based Ramco Systems, an enterprise software player, disclosed a 69 per cent slump in its net profit for the June 16 quarter. The company further added a net profit amounting to Rs 90 lakh in Q1 against a profit of Rs 3 crore in the corresponding quarter of last financial year. <p style=
Crompton Greaves share price was trading 2% higher (NSE) in the morning trade and its volume multiplied by 10 times to a figure of 5,59,753 shares traded. Market analysts suggested that the rise in price might be a result of fresh buying. On 30th July, a fire broke out at the Crompton Greaves factory in Datar Colony, Kanjurmarg East, during the teensy hours of Sunday. The fire was reported to have brok
Cadila share price has risen over 7% on NSE and its volume has multiplied 10 times to a figure of 40,00,261 shares. Market analysts suggest that the reason behind the rise in share price and volume traded was that on Wednesday, Cadila Healthcare Limited said it had ended the first quarter of the current fiscal generating a net profit of Rs 165.1 cr. The company said in a regulatory filing in BSE that it had reported a net profit of Rs 165.1 cr for the quarter ended June 30, 2016
Edelweiss share price had been trading around Rs. 90 before CRISIL reaffirmed Edelweiss credit rating of A1 plus for its short-term debt issue of Rs. 20 billion. The CARE rating for Edelweiss for its commercial paper has been the same in the year 2015. The debt-equity ratio of the company stands at 6.52 and the ratings have affirmed that the company is safe for the investor's investments. After the CRISIL's rating,
Footwear major Bata India announced its financial results for the quarter ended 30th June 2016 in a filing to the exchanges. A Spurt in Volume by more than 1.91 times has been noticed since this morning. The net profit of the company apparently declined drastically on a yearly basis but this was because of the exceptional item for the Q1 FY15 for Rs 429.60 mn. Total income of the Company saw a marginal decline as well. Meanwhile, Bata India share price fell by 4.33 per cent
On 4th August Rane Brake Lining share price is trading at Rs. 615.95 with an increase of 41.90 points as seen on NSE. The company is engaged in the manufacture of friction material products like disc pads, brake linings, clutch facings, brake shoes, clutch buttons and railway brake blocks. The net profit of the company doubled to more than Rs 10.49 crore in June 16 quarter (Q1FY17), on the basis of strong operational performance. The auto part
