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Future Enterprises swings to profit for the first time in six quarters during October-December period. The stock rose as much as 14.5 percent to Rs 47.85 after the earnings announcement.
Key Earnings Highlights Q3 (YoY)
Shares of the power supplier rose as much as 3.5 percent to Rs 467.40. The company received approval from Competition Commission of India for the sale of its Mumbai power business to Adani Transmission, according to its stock exchange notification.
The company expects to complete the transaction by March, the statement added.
The stock is 32 percent below the Bloomberg consensus one-year rice target. It declined 17 percent since the beginning of the year.
Shares of the Chennai-based lender rose as much as 7.5 percent, the most since Nov. 9, 2017, to Rs 364.90. The bank's asset quality improved during October-December period.
Key Earnings Highlights Q3 (YoY)
Shares of the electrical equipment maker rose as much as 4.4 percent, the most in a one-and-a-half month to Rs 92. The company won $55 million order form Indonesian State Utility for manufacturing and supply of 64 units of Power Transformers, according to its stock exchange notification.
CG Power trades at 53 times its estimated earnings per share, Bloomberg data showed. The stock is 1.2 percent below the Bloomberg consensus one-year price target.
Shares of the agricultural holding company rose as much as 11.9 percent, the most in four-and-a-half months to Rs 552.45. The company reported more than a 11-fold jump in its net profit during December quarter.
Key Earnings Highlights Q3 (YoY)
Apcotex Industries
Vadilal Industries
3M India
Honeywell Automation India
KNR Constructions
Shares of the pharmaceutical company extended gains for the second trading session and rose as much as 4.6 percent, the most in two weeks to Rs 4,943.95. The company announced that it introduced new insulin drug 'Toujeo' in the Indian market.
Trading volume was 2.6 times its 30-day average. The stock returned 3.1 percent so far this year compared to 0.5 percent advance in Sensex.
Coal India Q3 (YoY)
Tata Steel Q3 (YoY)
Mahindra & Mahindra Q3 (YoY)
SBI Q3 (QoQ)
BPCL Q3 (QoQ)
ONGC Q3 (QoQ)
Shares of the auto part maker extended gains for the fourth trading session and rose as much as 5 percent to Rs 1,116.
The company won an order for the supply of steel wheels from Europe, according to its stock exchange notification. The stock fell 7.8 percent in the past month, compared to 1.3 percent decline in Sensex.
Shares of the pharmaceutical company rose as much as 5.4 percent to Rs 434. The U.S. drug regulator completed inspection at its key Moraiya facility, and that there were no concerns found during the inspection, according to its stock exchange notification.
The stock was the best performer on Nifty Pharma Index. Trading volume was 12.9 times the 30-day average. Last week, the U.S. drug regulator had conducted a surprise audit at the company’s largest Moraiya plant, after multiple recalls of a drug made at the unit.
Buyers and sellers were not known immediately
Source: Bloomberg
Shares of the construction major rose as much as 1.5 percent to Rs 1,348. The engineering giant singed EPC contract worth more than 2,200 crore with Abu Dhabi-based Al Dhafra Petroleum Operations, according to its stock exchange notification.
The scope of the contract includes engineering, procurement, construction and commissioning of flow lines, gathering facilities and pipelines to transfer crude oil and gas, and installation of 132 kilo-volts and 33 kilo-volts overhead electrical transmission lines to supply power, the exchange notification added.
L&T trades at 30.5 times trailing 12-month earnings per share and 27 times its estimates for the coming year, Bloomberg data showed. The stock returned 6.8 times since the beginning of the year.
Here's a lineup of all major corporate meetings in the next few days.https://t.co/RBUc92IpmC pic.twitter.com/UsH993cd83
— BloombergQuint (@BloombergQuint) February 12, 2018
Tata Steel’s profit jumps fourfold as company eyes stressed assets. #Q3WithBQ https://t.co/VfDUcMQPkt pic.twitter.com/HsDmQEqn7E
— BloombergQuint (@BloombergQuint) February 10, 2018
#Q3WithBQ | Coal India’s profit rises 4.2% to Rs 3,005 crore in October-December.https://t.co/HJZslFAxgT pic.twitter.com/D0VVWOqYup
— BloombergQuint (@BloombergQuint) February 10, 2018
SEBI today said it is examining the issues surrounding group firms of Fortis Healthcare.https://t.co/IVXN94tBLf pic.twitter.com/w89mOoAi8G
— BloombergQuint (@BloombergQuint) February 10, 2018
IndiGo grounds three A320 neo planes on engine woes.https://t.co/cy7DNgwBZK pic.twitter.com/UlTFkICuGH
— BloombergQuint (@BloombergQuint) February 10, 2018
No misunderstanding in the nature of stressed assets, says SBI Chairman Rajnish Kumar on Q3 earnings.
— BloombergQuint (@BloombergQuint) February 12, 2018
Read: https://t.co/rQIyFsKJXF
Watch: https://t.co/HDX5Bfv3Lk pic.twitter.com/6zN1KHM0uj
U.S. producers of aluminum foil said cheap imports from China have devastated the American industry.https://t.co/TDhHiexxjs pic.twitter.com/BpWk04Nexd
— BloombergQuint (@BloombergQuint) February 11, 2018
Singapore Stock Exchange falls most in 9 years amid India futures spat.https://t.co/aclDNF61JP pic.twitter.com/QADh8DbS2M
— BloombergQuint (@BloombergQuint) February 12, 2018
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