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.
Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.
Anyone can join Epic Research Private Limited and get good profit, we provide financial market news for better investment in the market.
ReplyDelete