August 17, 2018 04:35 PM IST
At the current market price, Tata Steel is trading at 9 times FY19 estimated earnings, which is reasonable
August 17, 2018 03:36 PM IST
Dalmia Cement delivered a third consecutive quarter of double-digit volume growth and remains our preferred pick in the sector. We expect it to outperform its peers in the largecap cement space
August 17, 2018 03:09 PM IST
Shaily's 14-year long relationship with a Swedish home furnishing major should help it capitalise on the latter's aggressive growth plans for the Indian market
August 17, 2018 02:54 PM IST
Growth in aluminium production in the US (restarts) and Asia remains the key demand driver
August 17, 2018 12:51 PM IST
The RBI had tightened PCA norms last year, adding to the stress in the sector. Banks’ bad loan provisioning rose after the regulator’s asset quality review in 2015-16
August 17, 2018 12:36 PM IST
In terms of profits, the aggregate performance of companies witnessed a sharp improvement and increased by 32 percent Y-o-Y vis-à-vis a decline of 12.3 percent registered in Q1 FY18.
August 17, 2018 09:12 AM IST
It isn’t that digitization of the financial sector has reached a saturation point. Large financial institutions are increasingly looking inwards to meet the demands of the marketplace.
August 16, 2018 03:16 PM IST
The movement in LME prices from here on and the acquisition of Aleris would be key to Hindalco's future performance
August 16, 2018 02:46 PM IST
Notwithstanding the challenges in the unitary cooling segment in the quarter gone by, both companies have all that it takes to bolster their fundamentals in the long-run.
August 16, 2018 01:46 PM IST
Macro factors such as favourable demand – supply dynamics along with micro factors like increased capacity and operating efficiency will continue to aid JK Paper’s profitability
August 16, 2018 10:42 AM IST
Morgan Stanley is Overweight on Grasim with a target price at Rs 1,329 per share as outlook for the VSF business remains constructive.
August 16, 2018 09:47 AM IST
We continue to like the strong domestic business of Sun and the niche that it is trying to create with speciality in the US.
August 16, 2018 08:37 AM IST
CLSA and HSBC remained positive on the stock but Citi maintained its Neutral call and Prabhudas Lilladher Reduce rating on Sun Pharma.
August 15, 2018 01:51 PM IST
The company also said its board in a meeting held yesterday has approved raising a total fund of up to Rs 2,950 crore through issue of shares or equity linked instrument and optionally convertible debentures.
August 14, 2018 09:14 PM IST
"The company reported a healthy increase of 17 per cent in its PAT to Rs 106.31 crore for Q1FY19, as compared to Rs 91.16 crore in the corresponding quarter of last fiscal. The company's Q1FY19 PAT margin stood at 16.14 per cent, as compared to 16.39 per cent in Q1FY18," the company said in a statement.
August 14, 2018 08:45 PM IST
The deal now needs a go ahead from Competition Commission of India (CCI) to be consummated.
August 14, 2018 08:45 PM IST
Total expenses too rose to Rs 1,339.08 crore as against Rs 1,286.22 crore earlier.
August 14, 2018 08:40 PM IST
The Tamil Nadu-based lignite producer had clocked net profit at Rs 1,897.81 crore for year ending March 31, 2018.
August 14, 2018 07:57 PM IST
Grasim said in a regulatory filing that its total income during the quarter under review stood at Rs 17,089.65 crore, as against Rs 11,222.17 crore in the year-ago period.
August 14, 2018 06:15 PM IST
The company had posted a net profit of Rs 210.95 crore for the same period a year ago, Cox & Kings said in a filing to BSE. Consolidated total income from operations stood at Rs 2,201.58 crore for the reported quarter. It was Rs 1,922.62 crore in the year-ago period.
August 14, 2018 05:12 PM IST
Total income in the reported quarter stood at Rs 272.25 crore. It was Rs 1,642.11 crore in the year-ago quarter, Videocon Industries said in a BSE filing.
August 14, 2018 04:56 PM IST
All geographies have seen growth from a delivery perspective. Traditionally focused on the administrative side of healthcare business. Would like to go to to the medical side, where HGS can help improve outcome and reduce the cost of medical care.
August 14, 2018 03:26 PM IST
SpiceJet's aircraft fuel cost jumped by 52 percent year-on-year to Rs 812.4 crore due to rise in oil prices in the international market.
August 14, 2018 03:21 PM IST
Provisions during the quarter spiked over 157 percent to Rs 5,236 crore versus Rs 2,036 crore a year ago.
August 14, 2018 03:00 PM IST
The company said its order book stood at Rs 44,628.7 crore till June-end.
