Infosys Q4 results: Stock falls over 4% on weak guidance
Uploading Date : 13-04-2017Infosys shed as much as 4.3%% to Rs 927 on BSE at intra-day Sensex, falling nearly 7% from early morning high of Rs 991 after the company reported a 2.8% fall in its Q4 net profit to Rs 3,603 crore versus Rs 3,708 crore in the sequential quarter ended December 31.........
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Nifty IT index down nearly 3% on Infosys weak guidance
Uploading Date : 13-04-2017Shares of information technology (IT) companies were under pressure with the Nifty IT index down nearly 3% after Infosys said that the revenue is expected to grow 6.5%-8.5% in constant currency terms and 6.1%-8.1% in dollar terms for the year ending March 31, 2018 (FY18)...............
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Muthoot Capital Services rebounds 25% on bonus issue plan
Uploading Date : 12-04-2017Muthoot Capital Services has moved higher by 17% to Rs 431, bouncing back 25% from intra-day’s low of Rs 344 on the National Stock Exchange (NSE), after the company said its board will meet on April 18 to consider a maiden bonus issue.......................
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Sugar shares in focus; Dhampur Sugar, Uttam Sugar up over 5%
Uploading Date : 12-04-2017Shares of sugar companies were in focus, trading higher by up to 10% in noon deals. Uttam Sugar Mills, Dhampur Sugar Mills, Rajshree Sugar, Dwarikesh Sugar, Kesar Enterprises, Triveni Engineering & Industries, KCP Sugar and Mawana Sugars were up in the range of 3% to 10% on the BSE. In comparison, the S&P BSE Sensex was down 0.15% at 29,745 points...............
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Nalco readies Rs 25,000-crore investment for expansion
Uploading Date : 11-04-2017National Aluminium Company (Nalco), a central government-owned entity, is set to join the club of million-tonne producers in the segment by 2020. It has readied about Rs 25,000 crore of investment to expand its aluminium, alumina and power capacities............
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Avenue Supermarts extends rally; stock soars over 25% in three days
Uploading Date : 10-04-2017Avenue Supermarts, which runs D-Mart stores, has seen its market capitalisation (m-cap) crossing Rs 50,000 crore after the stock hit a new high of Rs 803.35 on the National Stock Exchange (NSE)............
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RBL Bank, YES Bank, Lakshmi Vilas Bank hit record high
Uploading Date : 10-04-2017Shares of three private sector banks – YES Bank, RBL Bank and Lakshmi Vilas Bank – have hit their respective record highs, gaining up to 7.5% on BSE in intra-day trade on Monday...............
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Phoenix Mills buys Indore mall for Rs 235 cr
Uploading Date : 08-04-2017Phoenix Mills, the country’s largest mall developer, has bought an under-construction mall in Indore’s MR 10 area for Rs 235 crore. The mall was bought in an auction conducted by JM Financial Asset Reconstruction Company.....................
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