Nestle India’s September quarter missed street estimates as net profit slumped 60 percent to Rs 124.2 crore from Rs 311.3 crore in corresponding quarter last fiscal. During the period, net sales fell 32.1 percent to Rs 1736.2 crore (year-on-year) largely due to impact of Maggi noodles.
Posts tagged MC
Nestle India Q3 net tanks 60% as Maggi noodles hit (29-10-2015)
SH Kelkar IPO fully subscribed; QIB, HNIs lead (29-10-2015)
The issue has received bids for more than 3.6 crore equity shares against issue size of 2.02 crore shares (excluding anchor book), according to data available on exchanges at 17 hours IST.
Nifty ends Oct series below 8150, Sensex slumps 202 pts (29-10-2015)
BHEL, Axis Bank, Coal India, SBI and Sun Pharma were major losers in the Sensex while Dr Reddy’s labs, Vedanta, Tata Motors and Lupin were up.
Buy Tata Communications ; target of Rs 500:ICICI Direct (29-10-2015)
ICICI Direct is bullish on Tata Communications and has recommended buy rating on the stock with a target price of Rs 500 in its research report dated October 27, 2015.
Buy Sun TV Network; target of Rs 466: Edelweiss (29-10-2015)
Edelweiss is bullish on Sun TV Network and has recommended buy rating on the stock with a target of Rs 466 in its October 28, 2015 research report.
Hold Amara Raja Batteries; target of Rs 850: Edelweiss (29-10-2015)
Edelweiss has recommended hold rating on Amara Raja Batteries with a target price of Rs 850 in its research report dated October 28, 2015.
Hold Sun TV Network; target of Rs 384:ICICI Direct (29-10-2015)
ICICI Direct has recommended hold rating on Sun TV Network with a target price of Rs 384 in its research report dated October 28, 2015.
SpiceJet COO Sanjiv Kapoor quits; headed to Vistara? (29-10-2015)
Kapoor, 48, was appointed to the post by then owner Kalanithi Maran in November 2013. His abrupt resignation comes over a year before the expiry of his employment contract, SpiceJet sources said.
SpiceJet COO Sanjiv Kapoor quits; headed to Vistara? (29-10-2015)
Kapoor, 48, was appointed to the post by then owner Kalanithi Maran in November 2013. His abrupt resignation comes over a year before the expiry of his employment contract, SpiceJet sources said.
Buy Dabur India; target of Rs 310: Religare (29-10-2015)
Religare is bullish on Dabur India and has recommended buy rating on the stock with a target of Rs 310 in its October 28, 2015 research report.