GNFC reported excellent traction in its earnings (PAT: 241% YoY) aided by 40 percent topline growth, EBITDA margin expansion (+906 bps) and lower interest expense. This was mainly led by Chemicals division
The Securities and Exchange Board of India (Sebi) found that Amadhi Investments financed Sugandh Estates and Investments in the IPOs of IDFC, Sasken and FCS Software Solutions with the purpose of cornering shares reserved for retail investors.
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Hindustan Unilever | Mangalore Chemical | Deepak Fertilisers | Future Ventures | Tech Mahindra | Hindustan Copper | NTPC | Sadbhav Engineering | Jet Airways | Prime Securities | CCL Products | JSW Energy and JSW Steel are stocks, which are in the news today.
SP Tulsian, sptulsian.com advises traders to stay away from Ajanta Pharma and Sasken.
After improved EBITDA margins in company's services and products business, Neeta Revankar, CFO, Sasken has a positive outlook for H2 FY13. In an interview with CNBC-TV18 she said that the company is headed for growth and is also set for an open market buyback in the second or third week of May.
Though the company has seen increased business from their largest customer Nokia in this quarter but it expects to see some decline in revenue in the future.
PINC Research has come out with its report on IT stocks.
Neeta Revankar, CFO, Sasken in an interview on CNBC-TV18 spoke about the latest happenings in her company and sector.