Profit growth was led by low base in year-ago period. In Q2FY15, profit was hit by one time penalty of Rs 340.2 crore from Uttarkhand government on account of National calamity contingent duty case.
Posts tagged MC
Bajaj Auto Q2 net seen up 51%, flat volume may hurt revenue (20-10-2015)
Sensex, Nifty rangebound; Tata Motors up 3%, Cipla falls (20-10-2015)
Tata Motors topped buying list on Sensex, up 3 percent followed by TCS, Infosys, Axis Bank, NTPC, Maruti Suzuki and LT with 0.5-1.5 percent.
Buy Cyient; target of Rs 610: Edelweiss (20-10-2015)
Edelweiss Securities is bullish on Cyient and has recommended buy rating on the stock with a target of Rs 610 in its October 16, 2015 research report.
Buy Himatsingka Seide; target of Rs 243: Edelweiss (20-10-2015)
Edelweiss Securities is bullish on Himatsingka Seide and has recommended buy rating on the stock with a target of Rs 243 in its October 17, 2015 research report.
Buy Reliance Industries; target of Rs 1248: Edelweiss (20-10-2015)
Edelweiss Securities is bullish on Reliance Industries and has recommended buy rating on the stock with a target of Rs 1248 in its October 8, 2015 research report.
Rupee still down 10 paise vs dollar in late morning trade (20-10-2015)
The Indian rupee opened sharply lower at 64.95 as against yesterday’s level of 64.80 at the Interbank Foreign Exchange (forex) market. It hovered in the range of 64.97 to 64.90 during the morning deals before quoting 64.90 at 1030 hours.
FIPB clears FDI proposals of Lupin, Alkem Lab (20-10-2015)
The Foreign Investment Promotion Board (FIPB), chaired by Economic Affairs Secretary Shaktikanta Das, in its meeting considered 14 FDI proposals for approval. Sources said the proposal of Alkem Laboratories was approved under the automatic route.
Midcaps outperfom Sensex, Nifty; Hero down ahead of Q2 nos (20-10-2015)
Both midcap and smallcap indices are up 0.7 percent each. Tata Motors, TCS, NTPC, LT and BHEL are top gainers in the Sensex. Among the losers are Cipla, Vedanta, Hindalco, ONGC and Hero.
Fed rate hike more a 2016 story; positive on India: JPM AMC (20-10-2015)
Ian Hui Global Market Strategist JP Morgan Asset Management does not expect any major policy decisions from most of the Central Banks across the globe.
See 15% rise in operating income; discoms not a worry: SJVN (20-10-2015)
New projects in Bhutan, Nepal and India will help improve capacity and income, SJVN’s CMD RN Misra told CNBC-TV18.