Hindustan Unilever: CLSA view on Hindustan Unilever is retain underperform; Target of Rs 800. Q4FY16 earnings much ahead of expectations led by better margins. Volume growth lowest in five quarters. Cut EPS estimates by 2-3 percent over FY17-18e. Deutsche Bank view on Hindustan Unilever is Hold stock for 12-month at the target of Rs 870. Volume growth of 4 percent disappointing despite micro tailwinds. Inflation-led growth unlikely. Cautious rural outlook is not surprising.Morgan Stanley view on Hindustan Unilever is overweight; target of Rs 945. Earnings beat estimates. Underlying volume growth of 4 percent was the key disappointment. Key Positive from the result is personal products operating margin expansion of 410 basis points.Diesel Dilemma: In the ongoing case of diesel car ban in the NCR region, the Supreme Court today said that it is willing to consider relaxation on its decision.
CNBC-TV18’s Ashmit Kumar reports that while the apex court might relax the ban, it may add an environment cess on the purchase of small, big diesel vehicles.
In order to quantify the amount of cess imposed, variables like price of the car and its engine capacity will be kept in mind, the Supreme Court said.Alstom India's dismal quarter: Alstom India reported about 62 percent drop in its net profit to Rs 27.40 crore for the quarter ended March 31, 2016.
The company's net profit stood at Rs 71.93 crore in the same quarter a year ago, Alstom India said in a BSE filing.
Total income from operations came down to Rs 373.25 crore in the quarter under review from 808.35 crore in the same period last year.
The company's board has not recommended any dividend on paid up equity share capital for the financial year ended March 31, 2016, it said.
The company reported a net loss of Rs 79.02 crore in 2015-16 whereas it earned a profit of Rs 178.88 crore in the previous fiscal.
Its total income from operations came down to Rs 1,727.27 crore in the year under review from Rs 2,124.29 crore in the previous fiscal.
After the completion of open offer in February, the shareholding of GE group has increased to 68.58 percent in the company from 68.56 percent earlier.8K Miles: 8K Miles revenue rises by 16.6 percent at Rs 86.35 crore versus Rs 74.05 crore. EBITDA at Rs 26.3 crore versus Rs 25.34 crore. EBITDA Margin at 30.5 percent versus 34.2 percent. Profit After Tax rises by 9.7 percent at Rs 12.35 crore versus Rs 11.26 crore. EBITDA Margins decline on account of 25 percent sequential increase in employee cost. Ludlow Jute stellar quarter: Total Income up by 24.5 percent at Rs 104.5 crore versus Rs 83.9 crore. EBITDA at Rs 3.66 crore versus Loss of Rs 2.5 crore. Profit After Tax at Rs 60 lakh versus Rs 2.47 crore. Exceptional Gain of Rs 9.3 crore in base quarter.Other stocks likely to be in the focus are Arvind and SRF.
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