Stock market news | Today's business and financial news by CapitalHeight.


Tata Power Company has reported consolidated Q1FY19 net profit at Rs 1,769 crore, which includes one-time gain on sale of its investments of Rs 1,897 crore. The company had posted net profit of Rs 391 crore in the same quarter last fiscal. Revenue of the company was up 14 percent at Rs 7,313 crore against Rs 6,415 crore. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was down 8.5 percent at Rs 1,771 crore and margin was down 600 bps at 24.2.
     For Expert Advice Click here:CapitalHeight.

    Larsen & Toubro (L&T) rose 2 percent in the opening trade on Thursday on the back of robust numbers declared by the company in the quarter ended June 2018 (Q1FY19).The company posted a 13.8 percent year-on-year (YoY) increase in consolidated net profit at Rs 1,213 crore, beating analyst estimates driven by order inflow growth in infrastructure, heavy engineering and hydrocarbon segments. Profit for the same period last year was Rs 1,065.54 crore. The Q1FY19 profit was aided by one-off gain of Rs 355 crore from divestment of Kattupalli port to Adani group.
    Shares of Ambuja Cements gained 7.6 percent as company posted strong numbers in the quarter ended June 2018.The company's Q2 standalone profit rose 27.3 percent to Rs 499 crore and revenue increases 5.7 percent to Rs 3,016.9 crore. The Competition Commission of India (CCI) had imposed a penalty of Rs 1163.91 crore on Ambuja Cements.
    For 2 Days Free Trail Click here: CapitalHeight.

Location: India

Comments

  1. Pooja PariyaAugust 20, 2018 at 5:41 AM

    The FTSE 100 gained 0.03%, while the DAX led the CAC 40 lower. They fell 0.22% and 0.08% respectively.

    capitalstars

    ReplyDelete

Post a Comment

Popular posts from this blog

Making Your First Investment in the Stock Market Through CapitalHeight.

Image
    Lupin received tentative approval from the US health regulator for its Tadalafil tablets, indicated for treating erectile dysfunction and prostate gland enlargement. The clearance from the United States Food and Drug Administration (USFDA) is for marketing Tadalafil tablets in strengths of 2.5 mg, 5 mg, 10 mg, and 20 mg, in the US, Lupin said in a statement. The product is a generic version of Eli Lilly and the company's Cialis tablets in the same strengths, it added.      For Expert Advice Click here: CapitalHeight .         Shares of Hindalco lost around 8 percent afternoon after reports emerged that it is likely to acquire Aleris for USD 2.5 billion. According to sources the company and its Canadian arm, Novelis, is in process of raising debt for the said deal. Investors may have taken note of this point as the firm already has a consolidated net debt of Rs 40,000 crore. Further, the report added that the companies agreed on terms of the deal last week.Hindalco
Read more

Stop Losses - An Important Part of Stockmarket Trading by CapitalHeight.

Image
Bajaj Auto lost around 8 percent on Friday afternoon as investors turned wary of its results that the company declared. The stock touched an intraday high of Rs 3,152.45 and an intraday low of Rs 2,864.00.India's third largest two-wheeler maker missed analysts' expectations by reporting a 20.7 percent year-on-year rise in its standalone net profit for the quarter ended June. The company's net profit came in at Rs 1,115.23 crore.     For 2 Days Free Trial Click here: CapitalHeight .     The initial public offering (IPO) of TCNS Clothing was subscribed over 2.08 times on Day 3 of bidding so far. The IPO, to raise Rs 1,125-crore, received bids for 2.29 crore shares against the total issue size of 1.09 crore shares, data available with the NSE as of 11:45 am showed. The portion set aside for qualified institutional buyers (QIBs) was subscribed 7 times, non-institutional investors 0.11 times percent and retail investors at 0.12 times. Price band for the offer h
Read more