Oct 17, 2016, 10.09 AM | Source: CNBC-TV18
Some of the stocks that should be on your radar are: Essar, NTPC, DCB Bank, NIIT Technologies, CRISIL, New Delhi Television, Aarey Drugs and Pharmaceuticals.
After including local VAT, petrol will now cost Rs 66.05 a litre in Delhi from midnight tonight as against Rs 64.72 per litre currently. Diesel will cost Rs 55.26 per litre as against Rs 52.61 a litre at present.
The price of petrol was last hiked by 14 paise per litre and that of diesel by 10 paise a litre on October 5, following an increase in commission paid to dealers.
Prior to that petrol price had been hiked on three occasions while diesel price was cut by 8 paise a litre on October 1.
"The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant increase in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision," Indian Oil Corp (IOC) said in a statement.
NTPC : BofA ML upgrade to buy; target of Rs 165. Reforms and lower rates to re-rate valuations. After recent correction, valuation now 1 standard deviation below mean. Valuation tends to be inversely correlated to 10-year G-Sec yields. Expect EPS growth of 20 percent in FY19/20e. Reforms: Policy mandating shutdown of inefficient and old power plants. Reforms: Policy permitting optimisation of coal usage.
DCB Bank: DCB Bank posted a 31.30 percent increase in net profit at Rs 48.9 crore for the quarter ended on September 30, 2016.
The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank said in a filing to BSE.
Total income of the lender increased to Rs 567.8 crore during the quarter under review, as against Rs 464.8 crore over the corresponding period of 2015-16.
The gross Non-performing Assets (NPAs) of the bank increased to 1.75 percent of total advances, from 1.72 percent at the end of second quarter of 2015-16.
However, net NPAs reduced to 0.84 percent from 0.87 percent of the total assets.
NIIT Tech: NIIT Tech has posted consolidated net profit of Rs 58.9 crore in July-September from Rs 28.6 crore in last quarter. During the quarter, its consolidated total income was at Rs 693 crore from Rs 671 crore quarter-on-quarter.
Its operating profits increased by 12.8 percent sequentially to Rs 114.5 crore and profit after tax stood at Rs 58.9 crore.
“Revenues grew 3.5 percent sequentially in constant currency driven by expansion of business in western geographies specifically in our insurance and travel segments”, said Arvind Thakur, CEO and Joint MD.
Strong growth in western geographies with traction in both key verticals of BFSI and travel and transportation resulted in 4.6 percent growth in the US with revenue share of 49 percent and 7.9 percent sequential growth in EMEA with revenue share of 33 percent to total revenues.
“Increase in revenues and decline in SG&A expenses resulted in expansion of operating margins by 139 basis points bps to 16.5 percent in the quarter”,”a company statement said.
Crisil: Crisil sees an muted Q3. Muted earnings growth due to higher operating expenses. Net Interest Income rises 8.2 percent at Rs 404.7 crore. Operating Expenses rises 10.1 percent at Rs 290.8 crore. Profit Before Tax rises 3.7 percent at Rs 113.9 crore. Net Profit rises by 3.9 percent at Rs 79.8 crore.
Setback for NDTV: According to the reports SEBI initiates adjucating probe into Goldman Sachs Entities' invest in NDTV . Two entities bought 14.6 percent stake in 2008. Stake bought from promoter & promoter group. Complaint: Relevant details not disclosed to exchanges.
Aarey Drugs: Aarey Drugs sees good quarter. Total Income up 156 percent at Rs 82.4 crore versus Rs 32.2 crore. EBITDA at Rs 1.74 crore versus Loss of Rs 15.3 lakh. Net Profit at Rs 1.68 cr versus Rs 45.2 lakh. H1 EPS at Rs 1.58 versus Rs 0.63.
The Payment Security Mechanism is based on tripart
The company said in a statement that it has secure
"Board of Directors of NTPC in its meeting held on
NTPC has informed that the Board of Directors of t
This tender has received limited interest and that