CapitalHeight

     The board of directors of Mahindra Logistics approved an investment of an amount upto Rs 7 crore in Transtech Logistics Private Limited. Transtech Logistics Private Limited (TLPL) provides transport management solution to third party logistics companies (3PLs), shippers and transporters on a ‘software as a service’ model (SaaS) under the brand name ShipX.MLL has been a customer to ShipX for more than three years and using the product for its supply chain management Vertical.      For 2 Days Free Trial Click here: CapitalHeight .      Shares of Tata Chemicals declined 2.2 percent intraday after ICICI Prudential Life Insurance has reduced its stake in the company. ICICI Prudential Life Insurance sold 52, 13,678 shares (more than 2 percent) of the company at an average price of Rs 414.21 per share which were worth Rs 216 crore. Its stake in the company reduced to 2.97 percent from 5.02 perce...

   The Majesco Company has reported strong numbers for the quarter ended June 2018.The Company’s Q1FY19 consolidated net profit rose 47.5 percent at Rs 14.9 crore against Rs 10.1 crore Q4FY18.The company had reported net loss of Rs 5.0 crore in Q1FY18.Revenue was up 6.1 percent at Rs 229.4 crore against Rs 216.7 crore. Operating profit or EBITDA was up 17 percent at Rs 18 crore and margin was at 7.85 percent.      For Expert Advice Click here: CapitalHeight .         The International Paper APPM company has reported a whopping 88.1 percent year-on-year increase in profit to Rs 45 crore in Q1 on strong operational performance. Revenue grew by 9.36 percent to Rs 340 crore compared to Rs 311 crore in same period last year.shot up 52 percent year-on-year to Rs 88.2 crore and margin expanded 720 basis points to 25.9 percent in June quarter.           Sequent Scientific share price rallied 20 percent after...

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...

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...