Sun Pharma, Dr Reddy’s Labs and ONGC plunged 4 percent each followed by Reliance Industries, BHEL and Vedanta with nearly 3 percent loss.
Posts tagged MC
Nifty holds 7800 amid pressure; Sun Pharma, Dr Reddy’s tank (10-11-2015)
Hindalco Q2 profit jumps 31% despite 33% fall in EBITDA (10-11-2015)
Operating profit (earnings before interest, tax, depreciation and amortisation) plunged 32.8 percent on yearly basis to Rs 602.8 crore and margin contracted by 370 basis points to 6.8 percent in September quarter.
Indian e-commerce mkt to touch $200 bn GMV by 2025: BofA-ML (10-11-2015)
The global financial services major said the e-commerce sector’s GMV forecast is likely to increase on improving telecom infrastructure, faster adoption of online services and better variety and convenience and the number of shoppers is likely to touch 530 million.
Apr-Oct indirect tax mop up reflects healthy GDP growth:CEA (10-11-2015)
“April-October indirect tax growth: 35.9 percent. And 11.6 percent w/o new measures. Latter shows tax base-nominal GDP-growth healthy,” Chief Economic Advisor Arvind Subramanian said in a tweet.
Nifty ends below 7800, Sensex crashes 379 pts pre-Diwali (10-11-2015)
Auto stocks held steady with Maruti, Bajaj Auto, Hero and MM as top gainers while HUL also added 1 percent. Among major losers in the Sensex were Dr Reddy’s Labs, ONGC, Reliance, Coal India and Lupin.
NCC Q2 profit jumps 149% on lower expenses, interest cost (10-11-2015)
Operating profit increased 1.9 percent year-on-year to Rs 184.4 crore and margin expanded 70 basis points to 8.8 percent in quarter ended September 2015, aided by lower raw material cost.
Govt plans to sell 5% stake in Container Corp (10-11-2015)
The government, which owns 61.8 percent of Container Corp, will sell the stake through a stock market auction, the notice said.
IT – Revenue growth continued to moderate, says Emkay (10-11-2015)
Emkay has come out with its report on IT sector. The research firm continues to see downside risks to industry growth expectations given a changing demand profile which is requiring change in sales and delivery orientation from the players. “Revenue growth continued to moderate”, says the report.
Coffee Day narrows Q2 loss on strong revenue, EBITDA growth (10-11-2015)
Operating profit (earnings before interest, tax, depreciation and amortisation) shot up 63 percent year-on-year to Rs 121.95 crore and margin expanded by 530 basis points to 18.3 percent, boosted by lower raw material and logistics services cost.
Baby care brand will add 8-10% to topline growth: Piramal (10-11-2015)
Piramal Enterprise’s consumer product division has acquired the baby care brand Little’s for Rs 73 crore.