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L&T Technology: Q1 profit increases 24.5 percent at Rs 198.1 crore versus Rs 159.1 crore; rupee revenue rises 9.2 percent at Rs 1,152.2 crore versus Rs 1,054.8 crore; dollar revenue rises 4 percent at $168.9 million versus $162.4 million (QoQ).
Hindustan Zinc: Q1 profit increases 1.5 percent to Rs 1,918 crore versus Rs 1,889 crore; revenue rises 16 percent to Rs 5,310 crore versus Rs 4,576 crore (YoY).
L&T Infotech: Q1 profit rises 24.8 percent to Rs 361 crore versus Rs 289.4 crore; revenue increases 7.7 percent at Rs 2,155.7 crore versus Rs 2,001.2 crore; dollar revenue rises 3.5 percent to $319.9 million versus $309 million (QoQ)
Linde India: Q1 profit at Rs 5.2 crore versus loss of Rs 2.2 crore; revenue rises 2.8 percent at Rs 549.6 crore versus Rs 534.7 crore (YoY).
Indiabulls Ventures: Q1 profit rises sharply to Rs 877.3 crore versus Rs 450 crore; revenue jumps to Rs 3,446 crore versus Rs 1,574.4 crore (YoY).
V-Mart Retail: Q1 profit increases 11.2 percent to Rs 24.9 crore versus Rs 22.4 crore; revenue rises 14.6 percent to Rs 361.2 crore versus Rs 315.1 crore (YoY).
Balaji Amines: Q1 profit rises to Rs 33.82 crore versus Rs 22.75 crore; revenue jumps to Rs 260.2 crore versus Rs 200 crore (YoY).
Delta Corp: Q1 profit surges 52 percent to Rs 28.6 crore versus Rs 18.8 crore; revenue jumps 36.7 percent to Rs 109.9 crore versus Rs 80.4 crore (YoY).
Syngene International: Company expanded the scope of R&D collaboration with Baxter Healthcare Corporation, to set up additional infrastructure at dedicated Baxter Global Research Center.
Punjab National Bank: The bank has received the amount of capital infusion of Rs 2,816 crore towards the contribution of the Central Government in the preferential allotment of equity shares.
Allahabad Bank received Rs 1790 crore as capital infusion from GoI
Uflex made an astounding impact at the Propak China exhibition that was held during 11-13 July 2018 in Shanghai
Stocks in news
Following stocks in focus on the bases of news and result and these STOCK IN TRADE And ACTION in the Market Today and Tomorrow:
Asian Paints: Q1 consolidated profit rises 30 percent to Rs 571.3 crore versus Rs 440.7 crore; revenue rises 15.1 percent to Rs 4,390 crore versus Rs 3,815.3 crore (YoY).
ICICI Prudential Life Insurance: Q1 profit falls 30.5 percent to Rs 282 crore versus Rs 406 crore; net premium income increases 12.8 percent to Rs 5,438 crore versus Rs 4,820 crore (YoY).
ICICI Bank: Sandeep Batra of ICICI Prudential Life joined ICICI Bank as President-Corporate Centre. He will directly report to Sandeep Bakshi, COO, ICICI Bank.
Network18 Media: Q1 consolidated operating revenue rises 10 percent to Rs 1,124 crore versus Rs 1,025 crore; operating EBITDA at Rs 18 crore versus EBITDA loss of Rs 2 crore (YoY).
TeamLease: Q1 profit increases 2.8 percent to Rs 22 crore versus Rs 21.2 crore; revenue rises 4.5 percent to Rs 1,021.3 crore versus Rs 977.5 crore (QoQ).
Symphony: Q1 profit falls 49 percent to Rs 20 crore versus Rs 39 crore; revenue slip
s 23.2 percent to Rs 146 crore versus Rs 190 crore (YoY).
s 23.2 percent to Rs 146 crore versus Rs 190 crore (YoY).
Hexaware: Q2 consolidated profit rises 14 percent to Rs 154 crore versus Rs 134.3 crore; revenue increases 8.4 percent to Rs 1,136.7 crore versus Rs 1,049 crore (QoQ).
Borosil Glass Work: Q1 profit jumps to Rs 11.05 crore versus Rs 5.30 crore; revenue surges to Rs 72.24 crore versus Rs 50.09 crore (YoY).
Rane Brake Lining: Q1 profit falls to Rs 6.57 crore versus Rs 7.32 crore; revenue rises to Rs 122.3 crore versus Rs 100.5 crore (YoY).
Satin Creditcare Network: Board meeting on July 25 for the issuance of non-convertible debentures upto the amount of Rs 97 crore through private placement.
Lakshmi Vilas Bank: Brickwork Ratings India revised the rating from A- to BBB+ for unsecured redeemable non-convertible subordinated lower Tier II bonds - Series VII (Option B), of Rs 50.50 crore.
Jindal Steel & Power: Company is likely to get 20 percent of the 4.87 lakh tonne bid. It was lone bidder for global tender for rail tender floated by Indian Railways: Sources of CNBC-TV18.
Oil India: The company has signed a joint venture agreement at Guwahati in connection with the formation of a JV company for construction of North-East Gas Grid Pipeline in the eight North-Eastern States, viz. Assam, Arunachal Pradesh, Meghalaya, Manipur, Mizoram, Nagaland, Tripura, and Sikkim. The proposed JV Company will have equal equity contribution from all the five PSU JV partners.
Bharat Electronics: Govt will divest 5 percent in the company out of its 66.79 percent shareholding.
Andhra Bank: Bank has received capital infusion of Rs 2,019 crore towards the contribution of the Central Government in the preferential allotment of equity shares.
Indo Amines: Company signed the collaboration agreement with TOKYO based multinational Japan Tech Corporation.
TeamLease Services: Board approved the acquisition of an additional 21 percent stake in Cassius Technologies Private Limited (Fresher's World). Company's stake in Fresher's World increases from 30 percent to 51 percent and Fresher's World will become subsidiary of TeamLease Services post completion of the transaction.
Ramkrishna Forgings: Company's long-term rating has been revised by ICRA from A-(Positive outlook) to A (Stable Outlook) and the short-term rating has been revised from A2+ to A1.
Gujarat Sidhee Cement: Kiln operations restarted on Tuesday. Due to heavy rainfall in Gir Somnath district, the operation of kiln and all upstream equipment was temporarily suspended till the situation is back to normal.
ICICI Bank: Bank to acquire Arthashastra Fintech for Rs 8.3 crore
24th July 2108 STock News
Bulk Deals
Adani Enterprises: Asia Investment Corporation sold 80 lakh shares of the company at Rs 173.25 per share.
Kwality: Sanjay Dhingra sold 31.5 lakh shares of the company at Rs 12.63 per share.
Sri Adhikari Brothers: Union Bank of India Treasury Branch sold 2,56,789 shares of the company at Rs 5.7 per share.
Maximus International: Overskud Multi-Asset Management sold 48,000 shares of the company at Rs 40 per share.
Raw Edge Industrial Solutions: Newedge Vinimay Private Limited bought 73,600 shares of the company at Rs 71.78 per share.
23rd July 2018 Stock Action
ACC: Q2 profit rises 0.9 percent at Rs 329 crore versus Rs 326.2 crore; revenue increases 11.4 percent at Rs 3,848 crore versus Rs 3,453 crore (YoY).L&T Technology: Q1 profit increases 24.5 percent at Rs 198.1 crore versus Rs 159.1 crore; rupee revenue rises 9.2 percent at Rs 1,152.2 crore versus Rs 1,054.8 crore; dollar revenue rises 4 percent at $168.9 million versus $162.4 million (QoQ).
Hindustan Zinc: Q1 profit increases 1.5 percent to Rs 1,918 crore versus Rs 1,889 crore; revenue rises 16 percent to Rs 5,310 crore versus Rs 4,576 crore (YoY).
L&T Infotech: Q1 profit rises 24.8 percent to Rs 361 crore versus Rs 289.4 crore; revenue increases 7.7 percent at Rs 2,155.7 crore versus Rs 2,001.2 crore; dollar revenue rises 3.5 percent to $319.9 million versus $309 million (QoQ)
Linde India: Q1 profit at Rs 5.2 crore versus loss of Rs 2.2 crore; revenue rises 2.8 percent at Rs 549.6 crore versus Rs 534.7 crore (YoY).
Indiabulls Ventures: Q1 profit rises sharply to Rs 877.3 crore versus Rs 450 crore; revenue jumps to Rs 3,446 crore versus Rs 1,574.4 crore (YoY).
V-Mart Retail: Q1 profit increases 11.2 percent to Rs 24.9 crore versus Rs 22.4 crore; revenue rises 14.6 percent to Rs 361.2 crore versus Rs 315.1 crore (YoY).
Balaji Amines: Q1 profit rises to Rs 33.82 crore versus Rs 22.75 crore; revenue jumps to Rs 260.2 crore versus Rs 200 crore (YoY).
Delta Corp: Q1 profit surges 52 percent to Rs 28.6 crore versus Rs 18.8 crore; revenue jumps 36.7 percent to Rs 109.9 crore versus Rs 80.4 crore (YoY).
Syngene International: Company expanded the scope of R&D collaboration with Baxter Healthcare Corporation, to set up additional infrastructure at dedicated Baxter Global Research Center.
Punjab National Bank: The bank has received the amount of capital infusion of Rs 2,816 crore towards the contribution of the Central Government in the preferential allotment of equity shares.
Bank of India, Dena Bank, Bank of Maharashtra, City Union Bank, Karnataka Bank, Union Bank of India: Banks enter into Inter-creditor Agreement (ICA) for resolution of stressed assets.
PNB received Rs 2816 crore as capital infusion by GoI
Allahabad Bank received Rs 1790 crore as capital infusion from GoI
Uflex made an astounding impact at the Propak China exhibition that was held during 11-13 July 2018 in Shanghai