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Market News

Allcargo Logistics declares 75% dividend

Allcargo Logistics Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 24, 2014, inter alia, has subject to approval of the Members of the Company at the ensuing Annual General Meeting, recommended payment of dividend @ 75% i.e. Rs. 1.50 per equity share of Rs. […]

Suzlon Energy shares hit record low on Q1 loss

Shares in Suzlon Energy slumped to a record low on Tuesday, a day after the company said it swung to a net loss in the April-June quarter. Suzlon said late on Monday it posted a net loss of 8.49 billion rupees for quarter ended June 30, compared with a profit of 601.2 million rupees in […]

Hind Unilever shares flying high

Strong financial performance lifted the Hindustan Unilver stock to its all-time high on Tuesday. At 12.30 p.m., the stock was trading nearly 6 per cent higher at Rs 470. It had touched a high of Rs 464 on June 22. Hindustan Unilever after market hours on Monday announced its financial performance. It reported a net […]

Persistent Systems doing well with 51% net up y-o-y

Persistent Systems has reported a net profit of 41.6 crore for the quarter ended June 30, representing a growth of 51 per cent y-o-y. Revenue in rupee terms stood at Rs 301 crore, a growth of 34 per cent over the same quarter of the previous fiscal. On a q-o-q basis, the growth was 11 […]

Reliance Communications holding back $1.5 bn Flag Telecom IPO

Sounds like, a lukewarm response from large institutional investors caused the $1.5 bn Flag Telecom IPO by Reliance Communication to be held back. Reliance Communications was looking at listing Flag Telecom through a Singapore business trust, Global Telecommunications Infrastructure Trust (GTIT) on the Singapore stock exchange. GTI Trust owns four subsea cable systems that carry […]

Nifty to trade in 5130- 5275 range: Kotak Securities

The Associate Vice President of the Derivatives Research Team at Kotak Securities, Sahaj Agrawal gives a brief overview about NIFTY trading and its impact on varied sectors. The severe downfall of 5170 on the downside that the 50- share Nifty Index experienced last week was a negative start undoubtedly. Witnessing a loss of 1.80%, the […]

Positive Views on Suzlon Energy

Suzlon has been seeing order inflow from India and abroad, mainly from Europe and US. After REpower 100% squeeze out the management has indicated that they have cash of about USD 1.5 billion, this quite comforting on the net debt of about Rs 12,000-12,500 crore. Suzlon, is a USD 5 billion top-line company and the […]