BUSINESS
L&T Q4 preview: Profit to decline by 9.4% despite improvement in order flow
A Reuters poll of analyst estimates forecast net profit to decline 9.4 percent to Rs 2,994 crore.
BUSINESS
Akshay Kumar launches ad campaign for Swachh Bharat to promote twin pit toilet technology
Akshay said that there is a need for influencers of society to talk freely about toilets.
BUSINESS
Subros stock jumps 12% as profit doubles in March quarter
Revenue from operations during the quarter increased sharply 34.4 percent to Rs 552.2 crore from Rs 411 crore in corresponding period last fiscal.
BUSINESS
Buy Eros International Media, target Rs 180: Akash Jain
"We are bullish on Eros International Media at current market price as we believe there is room for upside after robust Q4FY18 results. We recommend a buy with a target of Rs 180 by FY19 end," says Akash Jain, Vice President - Equity Research at Ajcon Global.
BUSINESS
As market begins week on a strong note, over 100 stocks hit fresh 52-week lows
Some of the prominent names include Gammon India, Manpasand Beverages, Narayana Hrudayalaya, Shalby, Vakrangee and Vardhaman Industries, among others.
BUSINESS
NTPC Q4 net profit jumps 40% at Rs 2,926 crore
Revenue of the company was up 13 percent at Rs 23,100 crore against Rs 20,417 crore.
BUSINESS
Vascon Engineers rises 11% on strong Q4 numbers
The operating loss or EBITDA loss was at Rs 2.7 crore against loss of Rs 9.9 crore.
BUSINESS
Buy Frontier Springs, target Rs 180: Equity99
"Frontier Springs would be the first one to receive orders for manufacturing of springs for Link-Hofmann Busch(LHB) coaches which were being imported till date. Presently LHB Coaches are used in Super Fast trains such as Shatabdi and Rajdhani Express. The execution of such kind of orders would increase the turnover and profits manifold," says Sumit Bilgaiyan of Equity99.
BUSINESS
Buy Suryaamba Spinning Mills: Equity99
"We believe Suryaamba is well placed to capture this structural shift aided by solid management pedigree. Hence we are recommending a buy," says Sumit Bilgaiyan of Equity99.
BUSINESS
Burnpur Cement gains 5% as company narrows losses in Q4
Revenue of the company was at Rs 18.6 crore versus Rs 4.04 crore.
BUSINESS
Acko Insurance raises $12 million from Amazon, Ashish Dhawan of ChrysCapital
This round of funding also saw participation by existing investor Narayana Murthy’s Catamaran Ventures.
BUSINESS
Indian Hotels stock rallies 7% as HSBC raises target post strong Q4 nos
HSBC expects 2019 growth to be better than 2018. "Occupancy is already near record-high levels in major cities."
BUSINESS
United Spirits up over 2% as global brokerages hail Q4 show; Jefferies hikes target price to Rs 3,400
The company's Q4FY18 net profit was at Rs 211 crore against loss of Rs 104 crore in a year ago period.
BUSINESS
Torrent Pharma up 3%; issues commercial paper of Rs 300 cr, board meeting on May 30
A meeting of the board of directors will be held on May 30, 2018, to consider and approve the audited financial results for the year ended March 31, 2018.
POLITICS
Kairana bypoll: Will the Jats repose their faith in BJP?
Both BJP and RLD are taking efforts to woo the Jat community
BUSINESS
Bank of India likely to post Rs 1,187 crore loss in Q4 FY18
According to a Reuters analyst poll estimate, for the full year, the bank's net loss is projected to widen to Rs 3,473 crore from Rs 1,558 crore in FY17.
BUSINESS
Sarda Energy surges 18% after March qtr net profit jumps 3-times to Rs 54 crore
The company reported net sales of Rs 401.01 crore against Rs.265.10 crore reported during the period ended March 31, 2017.
BUSINESS
Buy Balrampur Chini, target Rs 84: Sameet Chavan
"On the weekly chart, the stock prices confirm their strength by giving a close above the ‘5-EMA’ for the first time in last six months," says Sameet Chavan of Angel Broking.
BUSINESS
Buy MCX India, target Rs 900: Sameet Chavan
"One can look to go long around Rs 805 for a target of Rs 900 by following a strict stop loss placed below Rs 765," says Sameet Chavan of Angel Broking.
BUSINESS
WABCO India stock jumps 9% on healthy earnings growth in March quarter
The company has reported healthy growth of 55.8 percent year-on-year in profit at Rs 77.2 crore for the quarter ended March 2018.
BUSINESS
Buy Bajaj Finserv, target Rs 6700: Sameet Chavan
"We recommend buying on a minor dip towards Rs 6,000 for a near-term target of Rs 6,700. Traders can keep their stop loss below Rs 5,715," says Sameet Chavan of Angel Broking.
BUSINESS
Adani Group may acquire Shree Renuka Sugars from Wilmar
Due to the falling domestic sugar prices and the company’s aggressive expansion plans for South America, Shree Renuka Sugars has been reeling under debt.
BUSINESS
Kairana bypoll: Why is it a popularity test for BJP?
The BJP’s campaign in Kairana is led by Yogi Adityanath, who has a lot to prove after BJP's defeat in the March Lok Sabha bypolls
BUSINESS
Oil prices likely to drift lower in near term; bullions to get support from geopolitical tensions
The geopolitical tensions - trade negotiations between the US-China and summit between the US-North Korea should continue to support prices but bullions are likely to weaken if the meetings are reinstated.
