BUSINESS
Nitco rises 8% as company turns profitable in March quarter
Revenue from operation fell 12 percent at Rs 158.81 crore and EBITDA was up at Rs 1.4 crore.
BUSINESS
BHEL Q4 profit more than doubles to Rs 457 cr on strong operational income
Power business increased marginally by 2.5 percent year-on-year to Rs 8,308 crore but its EBIT (earnings before interest and tax) dropped 19.5 percent to Rs 909.4 crore in Q4FY18.
BUSINESS
Uflex stock jumps 17% despite sharp fall in March quarter profit
Films segment sales volumes grew by 8 percent while packaging segment sales volumes rose 12 percent in FY18.
BUSINESS
Atul Suri sees market range-bound this year, crude rising above $80 in a few months
Suri feels that the emerging trend of the market remaining range-bound could continue for the rest of the year. In such a situation, he feels investors should stick to quality names
BUSINESS
Idea advances 3% as company completes 4G VoLTE roll out in 15 of 22 circles
Overall, Idea has the second largest presence of VoLTE-based calling service after Reliance Jio.
BUSINESS
Tamil Nadu government now cancels land allotted for second phase of Vedanta Sterlite project
The move comes a day after the state government ordered closure of Vedanta's Sterlite Copper Plant
BUSINESS
NMDC gains 4% as profit doubles in March quarter; Edelweiss maintains buy
Revenue of the company was up 35 percent at Rs 3883 crore against Rs 2871.98 crore.
BUSINESS
Aurobindo Pharma stock falls 7% after Q4 earnings miss analyst expectations
The US formulation business contributed 45 percent to the total revenue and grew 5.8 percent to Rs 1,738.8 crore due to new product launches.
BUSINESS
Oil India gains 5% on strong Q4 numbers; Deutsche Bank maintains buy with target Rs 310
Deutsche Bank has maintained buy rating on Oil India and raised target to Rs 310 from Rs 303 per share.
BUSINESS
No decision on portfolio allocation in Karnataka yet: Here's what is causing the delay
Reports suggest, the Congress is keen on holding on to key posts such as finance, home and industries, under which the department of mining comes, besides power, irrigation, the Public Works Department, excise, Bengaluru development and primary education.
INDIA
SBI to initiate bankruptcy proceedings against Vijay Mallya in UK court: Report
A British court recently refused to overturn a worldwide freezing order on Vijay Mallya'a asets.
BUSINESS
United Spirits, United Breweries, Pioneer Distilleries, Radico Khaitan to get astrological support: Satish Gupta
United Spirits, United Breweries, Pioneer Distilleries, Radico Khaitan and Som Distilleries will get astrological support, says Satish Gupta of astrostocktips.
INDIA
Ancient Indian knowledge systems, traditions find more space in Classes VI to X textbooks
A comparison of 25 old and new textbooks across five subjects has revealed new and additional content has been added about India’s ancient past not only in history textbooks, but also in science and geography.
BUSINESS
Buy Axis Bank, target Rs 600: Aditya Agarwala
The stock may be bought in the range of Rs 544-547 for targets of Rs 585-600, keeping a stop loss below Rs 519.
BUSINESS
Buy New India Assurance Company, target Rs 790: Aditya Agarwala
The stock may be bought in the range of Rs 720-725 for targets of Rs 760-790, keeping a stop loss below Rs 690.
BUSINESS
Buy Nilkamal, target Rs 1975: Aditya Agarwala
The stock can be bought in the range of Rs 1,705-1,710 for targets of Rs 1,895-1,975, keeping a stop loss below Rs 1,600.
BUSINESS
Vista Pharmaceuticals locked in 10% upper circuit on agreement to acquire ANDA for Urocare
This ANDA will be manufactured at another USFDA approved Contract Manufacturing Facility (CMO) for 2 years.
BUSINESS
Vedanta recovers post 6% fall as Tamil Nadu orders shutting of copper unit at Tuticorin
Tamil Nadu Deputy Chief Minister O Panneerselvam asserted that the government will take resolute steps for the permanent closure of Vedanta group's copper plant.
BUSINESS
HUDCO rises 6% as company recovers Rs 317 cr in old loan default case
The meeting of board of directors of the company is proposed to be held on May 30, 2018 to consider, approve and take on record the audited financial statements (standalone and consolidated) for quarter & year ended March 31, 2018 .
BUSINESS
5 stocks that could deliver 10-18% returns in June series
"The immediate resistance for the Nifty is placed at 10,735. If the index crosses above this level then the next target is seen at 10,800-10830," says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Nifty likely to trade between 10,650-10,750: Dynamic Levels
Nifty is expected to trade in a range of 10,650 to 10,750 in the current expiry, says a report by Dynamic Levels.
BUSINESS
Bank of India slips 6% on posting net loss in March qtr; Brokerages cut target up to Rs 85
Deutsche Bank has maintained sell rating on Bank of India and cut target price to Rs 85 from Rs 90 per share.
BUSINESS
Manpasand Beverages locked in 20% lower circuit for second day; co tries allay fears
On Monday evening, the company issued a statement to the exchanges, assuring investors that the situation involving Deloitte was ‘unfortunate’ but the decision was taken keeping in mind shareholders’ interest.
BUSINESS
Piramal considering re-entry into domestic drug market
The development comes eight years after the Ajay Piramal-led conglomerate sold its portfolio to US-based Abbott Laboratories for $3.72 billion.
