Q2FY2015 Auto earnings review: Revving up
Q2FY2015 Auto earnings review: Revving up - Auto sector is among the early gainers of economic revival and would continue to outperform benchmark indices over the next 12-18 months. The automobile sector received a volume push in Q2FY2015 on the back of an improvement in consumer sentiment and an early festive season.
Sugar stocks turn sour
Sugar stocks, which, had been in the thick of action for the last few trading days logging smart gains on hopes of positive news flow are a disappointed lot today.the Food minister has stated that the government has no plans to provide any sops to the sugar industry. There are no plans to extend subsidy export subsidy or provide any incentives for ethanol output.Sugars has tumbled nearly 6 per cent to Rs 18.25. Balrampur Chini has shed 4 per cent at Rs 64.40 and Bajaj Hindusthan has nose-dived by 9 per cent to Rs 21.20.
Shemaroo Ent at fresh all-time high
The stock has zoomed 18 per cent in intra-day trades today. The company recently reported 26.3 per cent jump in Q2FY15 net profit at Rs 8.89 crore as against Rs 7.04 crore in Q2FY14. Total income rose by 21.4 per cent to Rs 84.96 crore from Rs 69.96 crore.
Dr Reddy's gets approval for Allegra-D
Dr Reddy's: gets approvals for OTC version of anti-allergy drug Allegra-D (market size US$250mn) in US; positive .Dr Reddy’s Lab has got USFDA final approval for over the counter version of ant-allergy drug sold under brand name of Allegra-D. The market size of this drug is pegged at US$250mn).
SBI gains 2% on stock split today
Shares of State Bank of India (SBI) gained 2% on the National Stock Exchange (NSE) after the stock turned ex- stock split today. The stock opened at Rs295 and touched a low of Rs298.70
Alok Industries surges 6% on fund raising plans
Shares of Alok Industries gain 6% on BSE as company plans to raise Rs2,000 crore via land sale in two years; planning to restructure its loan to reduce interest cost – positive read through for the stock.
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