Stocks that are in the focus due to their earnings, deals etc. CMC, Tata Consultancy Services, Network 18 Media & Investments, Crompton Greaves, National Aluminium Company, Hindalco Industries, Vedanta, Hindustan Copper, Reliance Industries stocks to look at.
CMC sees mild disappintment in first quarter in FY15 quarter on quarter. Margins and profits lower sequentially. Comapny is a Tata Consultancy Service subsidiary; It Will be merged with Tata Consultancy Service soon. Revenue increases by 1.8 percent at Rs 672.2 crore versus Rs 660 crore. EBIT at Rs 77.8 crore versus Rs 84.3 crore. EBIT percent at 11.6 percent versus 12.8 percent. PAT down by 20 percent at Rs 56.3 crore versus Rs 70.6 crore.
Network18's Promoter group, Shinano Retail to sell stake via OFS today. Shinano Retail Pvt Ltd is owned by Reliance Industries Limited. Shinano Retail sets floor price of OFS at Rs 53.40/share. Floor Price at 12.6 percent discount to previous close of Rs 61.1/share.
Crompton Greaves signs global supply agreement for electric motors with Lafarge.
Metal Stocks under pressure
Commodity Crash
Aluminium touched 6 year low. Premium falls to USD 100/ tonnes from USD 300/tonnes. Nalco, Hindalco, Vedanta.
Copper prices crash to 6 year low.Hindalco, Vedanta, Hindustan copper.
Zinc prices hit USD 1,925/tonnes, its lowest since Dec 2013.HZL.
Nickel slumped 10 percent, biggest 1 day percent fall since May 2010. JSL stainless.
Disclosure: Network 18, which publishes moneycontrol.com, is now part of the Reliance Group.
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