Net sales of the company declined by nearly 31 percent to Rs 994.19 crore during the quarter vis-a-vis Rs 1,439.06 crore of Q2FY13.
Coal India | BHEL | KEC International | Uttam Galva | GSFC | GTL | Lovable Lingerie | Redington India | PFC | Punj Lloyd | Suzlon Energy | Canara Bank | Oriental Bank of Commerce | Tata Motors | Karur Vysya Bank | Jayant Agro and SpiceJet are stocks, which are in the news today.
India Ratings & Research (Ind-Ra) has revised its Outlook on Indian steel producers to Negative from Stable for H213. The Negative Outlook is in view of the higher-than-expected deterioration in the financial and liquidity profiles of rated issuers.
Uttam Galva Steels today said it has set a floor price of Rs 76.48 per share for raising funds up to Rs 175 crore through qualified institutional placement (QIP) route.
Uttam Galva Steels today said it has not received any proposal from ArcelorMittal for acquiring additional stake in the company.
Fitch Ratings has revised India-based Uttam Galva Steels Ltd.'s (UGSL) Outlook to Negative from Stable. Its National Long-Term rating has been affirmed at 'Fitch A(ind)'.
Ankit Miglani, Director, Uttam Galva clarified that rumours on Uttam Galva looking to buy stake in Lloyd Steel were false. He expects domestic steel prices to rise by about USD 50 by the end of the month.