Hinduja Foundries has reported a standalone total income from operations of Rs 160.84 crore and a net loss of Rs 22.76 crore for the quarter ended Dec '16
The burden on Ashok Leyalnd's EPS and valuation will be felt by the minor investors post this merger as short term gains are nowhere to be seen.
Morgan Stanley is overweight on Prestige Estates with a target price of Rs 245 as its project execution drives near-term growth.
Speaking to CNBC-TV18 R Sreesankar of Prabhudas Lilladher said that the monsoon is only a catalyst for the expansion of price to earnings multiples of many rural focussed stocks. From now it is going to be consumption-led, he said.
In a conference call on Thursday, Ashok Leyland management said the merger will not be a drag on the automaker's profit and loss statement, adding that Hinduja Foundries will be accretive to Ashok Leyland‘s performance in 2-3 years.
Hinduja Foundries was locked at 20 percent lower circuit and Ashok Leyland fell 4 percent on merger plan.
In an interview to CNBC-TV18, Mayuresh Joshi, Fund Manager (PMS) at Angel Broking shared his readings and outlook on specific stocks and sectors.
"At the meeting held, the Board of Directors of the company unanimously approved the proposal of amalgamating Hinduja Foundries Ltd, a Hinduja Group company with Ashok Leyland subject to various regulatory and shareholders approval of both the companies," a company statement said.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - JSW Energy, JP Power, Mindtree, LIC Housing Finance, Hindustan Unilever, Gruh Finance, Hinduja Foundries, Tayo Rolls, Bharat Bijlee and Essel Propack.
Tata Steel | HUL | Dabur | Wipro | JSW Energy | Mindtree | Gruh Finance | Exide Industries | Jaiprakash Power Ventures | Hotel Leela | NALCO | City Union Bank | Religare Enterprises | Himalya International | Pil Italica Lifestyle | Anjani Foods | Bal Pharma | Byke Hospitality and Camlin Fine are stocks, which are in the news today.
Hinduja Foundries has reported a standalone total income from operations of Rs 132.69 crore and a net loss of Rs 45.96 crore for the quarter ended Dec '15
The company added it will seek shareholders approval for raising funds through the postal ballot process.
"The Board of Directors of the company at its meeting held on January 13, 2016, have resolved to raise funds for the operation of the company up to Rs 400 crore by way of issue of securities," Hinduja Foundries said in a BSE filing.
Hinduja Foundries has reported a standalone total income from operations of Rs 157.27 crore and a net loss of Rs 95.72 crore for the quarter ended Sep '15
Hinduja Foundries has reported a standalone total income from operations of Rs 151.37 crore and a net loss of Rs 98.52 crore for the quarter ended Jun '15
Hinduja Foundries has reported a standalone total income from operations of Rs 129.06 crore and a net loss of Rs 53.54 crore for the quarter ended Mar '15
Hinduja Foundries has reported a standalone total income from operations of Rs 137.12 crore and a net loss of Rs 46.36 crore for the quarter ended Dec '14
Hinduja Foundries has reported a standalone sales turnover of Rs 143.86 crore and a net loss of Rs 42.83 crore for the quarter ended Dec '13
Hinduja Foundries has reported a standalone sales turnover of Rs 156.79 crore and a net loss of Rs 40.25 crore for the quarter ended Sep '13
Hinduja Foundries has reported a standalone sales turnover of Rs 174.30 crore and a net loss of Rs 32.83 crore for the quarter ended Jun '13
Idea Cellular | HCL Tech | Axis Bank | Kotak Mahindra Bank | TCS | Supreme Petrochem | Hinduja Foundries | Liberty Phosphates | Jyoti Structures | Igarashi Motors | S Kumars Nationwide | NCC | SKS Microfinance and Heritage Foods are stocks, which are in the news today.
Hinduja Foundries has reported a standalone sales turnover of Rs 158.25 crore and a net loss of Rs 52.77 crore for the quarter ended Mar '13
Hinduja Foundries has reported a standalone sales turnover of Rs 148.47 crore and a net loss of Rs 51.01 crore for the quarter ended Dec '12
On August 30, 2012 Amas India Inv Mauritius Ltd sold 260,000 shares of Hinduja Foundries at Rs 53.37 on the BSE and sold 263,076 shares at Rs 53 on the NSE. Yesterday the share ended at Rs 53.75, down Rs 0.60, or 1.10%. It touched an intraday high of Rs 54 and an intraday low of Rs 53.
Hinduja Foundries has reported a sales turnover of Rs 167.24 crore and a net loss of Rs 44.37 crore for the quarter ended Mar '12