Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
07 October, 2015 19:10 IST

Source: rss | 07-Oct-15
Comments  |  Post Comment

Shares of 8 companies were buzzing on Friday reacting to their announcement and quarterly earnings. The same are as follows:

JM Financial, an integrated financial service group, jumped 13.38% after the company said on Thursday former Citigroup chief executive Vikram Pandit decided to buy a stake in the Indian financial services company. Pandit and Hari Aiyar will buy 3% stake in JM Financial for Rs 450 million.

HeidelbergCement India, a cement manufacturing company, surged 7.79% after media reports said, Bain Capital is in talks with the company to buy 12% stake. The company may divest minority stake.

Mahindra Satyam, a consulting, IT services and engineering solutions provider, fell 1.60% after it reported Thursday a fall of 14.99% in the consolidated net profit to Rs 4.54 billion for the quarter ended Mar. 33, 2013. Total income has increased by 16.20% to Rs 19.36 billion for the quarter ended Mar. 31, 2013 from Rs 16.66 billion in the year ago period.

Sun TV Network, an Indian mass media company reported, plunged 3.17% after it posted Q4 earnings. The company posted a rise of 11.61% in its fourth quarter net profit. It earned profit of Rs 1.77 billion for the quarter ended Mar. 31, 2013, compared with Rs 1.59 billion, a year ago. Revenues came at Rs 4.72 billion, an increase of 10.69% over Rs 4.27 billion in the same period a year ago.

Infinite Computer Solutions (India), a global service provider of infrastructure management, tumbled 19.97% after it posted Q4 results. It reported a rise of 2.27 times in its fourth quarter net profit to Rs 239.1 million. Total income came at Rs 999.9 million, an increase of 23.16% over Rs 811.9 million in the same period a year ago.

Trident, leading textiles and paper manufacturers, extended gain of 4.24% after the company partnered with Accenture for upgrading to SAP ECC 6 version. Accenture would help the company in business transformation and to improve business performance.

Motherson Sumi, the flagship company of the Samvardhana Motherson Group, declined 4.11% after it reported a marginal growth of 0.52% in its fourth quarter consolidated net profit to Rs 1.95 billion. Consolidated total income came at Rs 66.75 billion, an increase of 3.89% over Rs 64.25 billion in the same period a year ago.

Kingfisher Airlines (KFA), the Mallya group company, dropped 3.86% after media reports said that AAI sued the company. State-run Airports Authority of India said Tuesday it has filed two lawsuits against the company in a Mumbai court, seeking Rs 3 billion of unpaid airport-usage fees from the now-grounded carrier.

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Related Articles
Corporation Bank reduces base rate by 25 bps to 9.65% - 07-Oct-2015 17:31
TechM to develop UK's Intelligent Mobility market - 07-Oct-2015 17:13
Man Industries bag orders worth Rs 7 bn - 07-Oct-2015 16:25
Nucleus Software to showcase new banking product at Sibos - 07-Oct-2015 16:12
Yes Bank ties-up with MatchMove Pay to expand in e-commerce markets - 07-Oct-2015 15:51
Indian Overseas Bank's rating may face pressure if credit profile weakens: S&P - 07-Oct-2015 15:20
DIIs increase stake in ICRA - 07-Oct-2015 12:46
DIIs raise shareholding in Cadila Healthcare - 07-Oct-2015 12:38
DIIs cut stake in Biocon; FIIs increase exposure - 07-Oct-2015 12:17
Punj Lloyd wins order worth Rs 4.88 bn - 07-Oct-2015 12:09
Redington's arm to acquire 70% stake in Linkplus - 07-Oct-2015 11:59
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer