Net Sales are expected to increase by 8 percent Y-o-Y (down 13.4 percent Q-o-Q) to Rs. 8,485 crore, according to Sharekhan.
The top Nifty gainers include UltraTech Cement which jumped 5 percent, followed by Grasim Industries, YES Bank, BPCL and UPL while Bharti Infratel, Vedanta, Infosys, ONGC and Tata Steel are the top losers.
Volatile movements based on current political scenario involving elections, along with any downside on GDP growth are big headwinds for the market, Naveen Kulkarni, Head of Research at Reliance Securities said.
Net Sales are expected to increase by 15 percent Y-o-Y (down 12.7 percent Q-o-Q) to Rs. 7,557 crore, according to Sharekhan.
In our constant endeavor to enhance portfolio performance, capture valuation arbitrage opportunity and focus on high conviction ideas, we are making few changes in our three key portfolios i.e. Diwali, Large cap and Mid cap.
The company said the CCI has given its approval for the share swap deal between the companies, Ultratech said in a regulatory filing.
Factors such as rise in per capita income, reducing mortgage rates, rapid urbanisation, smart city project and focus on affordable housing projects are favouring real estate business, according to CTIL.
The bid by UltraTech is nearly Rs 1,000 crore higher than the lead competitor Dalmia Bharat's offer.
Century Textiles has three integrated cement units situated in Madhya Pradesh, Chhattisgarh and Maharashtra with a total capacity of 11.4 mtpa (million tonnes per annum) and a grinding unit in West Bengal of 2.0 mtpa.
UltraTech had earlier lost out to a Dalmia Bharat-led consortium in bidding for Binani.
Binani Industries had received a "comfort letter" from UltraTech, which enabled it to repay the lenders of its subsidiary Binani Cements.
"The decision by the NCLT today reaffirms the chances for an out-of-court settlement," Sameer Kaji, Senior Advisor, Binani Cement said.
Stating that evaluation criteria were made known to all before the bids, Dalmia Cement Bharat Group CEO Mahendra Singhi said no evidence has been cited to show that the CoC (Committee of Creditors) and its advisors did not make a correct assessment of bids.
The Resolution professional (RP) Vijaykumar V Iyer has moved the National Company Law Tribunal (NCLT), alleging suspect and fraudulent transactions in Binani carried out by an independent forensic auditor.
The Union Budget 2018-2019 on increased spending on affordable housing, infrastructure, and rural economy along with no major changes in the direct taxation structure would be sufficient to sustain momentum in the markets, suggest experts.
CNBC-TV18's Ekta Batra lists out stocks that you should focus on.
IndusInd Bank and Yes Bank had to make provisions of Rs 122 crore and Rs 227.9 crore, respectively, towards their exposure to this account in compliance with a Reserve Bank notification.
There are many Indian companies that have very high level of indebtedness. However, if the resolution doesn’t impact the banking system as a whole, these companies are unlikely to deserve significant attention.
Equity benchmarks rise on the back of global rally as well as better macros on domestic front; Tata Motors, BHEL and UltraTech Cement gain, while pharma stocks remain a drag.
In this episode of NSE Finwiz Season 4, Gaurav Mashruwala, a Certified Financial Planner and Gajendra Kothari, MD and CEO at Etica Wealth Management spoke to the young professionals of UltraTech, Mumbai and spoke to them about the importance of wealth management.
Oil marketing companies may be in focus on steep hike in fuel prices. Petrol price is raised by Rs 1.34 a litre, fifth increase in two months. Diesel, too, is hiked by Rs 2.37 a litre on back of spike in global rates.
Kronos Incorporated announced recipients of its Kronos Customer Excellence ...
Cement maker Ultratech said it has secured coal supply for its cement plants and won linkages in Maharashtra
With the lenders invoking the strategic debt restructuring (SDR) option against debt-laden Japyee Group earlier this week, sale of its cement business to UltraTech for Rs 15,900 crore has come under a cloud.
"JP Associates has withdrawn its proposal of semiconductor plant. They have said that it is not commercially viable to set up this plant at present," DeitY (Department of Electronics and IT) Secretary Aruna Sharma told reporters on sidelines of a Qualcomm event.