YES Bank hits record high as Q2 profit beats estimates
YES Bank has moved higher by 2.5% to Rs 656, also its record high on National Stock Exchange (NSE), after reporting a better-than-expected 30% year on year jump in net profit at Rs 483 crore for the second quarter ended September 2014 (Q2), on back of healthy net interest income and lower provisioning.
Maruti Suzuki hits new high as Q2 profit beats estimates
Maruti Suzuki India has gained 2% to Rs 3,262, also its record high on NSE, after reporting better-than-expected 28.8% year on year jump in net profit at Rs 863 crore for the second quarter ended September 2014 (Q2), on back of strong operational performance. The company had profit of Rs 670 crore in previous year quarter.
Godrej Properties, Brigade, Mahindra Lifespace to gain from FDI in construction
Realty stocks gained ground on Thursday, a day after the government relaxed norms for foreign direct investment (FDI) in the construction sector that are expected to boost affordable housing and smart cities across the country.
Sebi to caution investors against PACL
The Securities and Exchange Board of India (Sebi) has received complaints that PACL (Pearl Agrotech Corporation Limited) continues to collect money from investors, defying the market regulator’s ban.
Raymond slumps on poor Q2 results
Raymond has declined around 4.3% to Rs 467.30 on BSE in early trading after reporting a fall of 26% in its net profit at Rs 68 crore during the July-September quarter of 2015 fiscal compared to the same quarter last fiscal. The net sales of the company increased by 19% to Rs 1471 crore during the second quarter of 2015 fiscal.
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