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Shares of the real estate company surged as much as 4.97 percent to Rs 165.80 after its consolidated net profit for the second quarter increased to Rs 23.6 crore as compared to Rs 12.3 crore last year.
The company’s consolidated total income increased 8.5 percent to Rs 322 crore compared to Rs 297 crore last year. EBITDA margins too increased from 18.5 percent to 22.8 percent.
Shares of the company soared as much as 14.82 percent to Rs 73.60 after its net loss in the quarter ending September 30 narrowed to Rs 47.8 crore as compared to Rs 97.7 crore in the year ago period.
The company’s total income increased 26.5 percent to Rs 272 crore from Rs 215 crore.
Cyrus Mistry tells TCS shareholders he is fighting to "save the soul of the Tata Group." EGM starts at 3:30 pm. pic.twitter.com/KmfdE2ZH02
— BloombergQuint (@BloombergQuint) December 13, 2016
#GST | Kerala Finance Minister Thomas Isaac bats for a September rollout, reports @Nikunj_Ohri.https://t.co/Nn9hAwbxwx pic.twitter.com/X2rx30ay92
— BloombergQuint (@BloombergQuint) December 13, 2016
Shares of the real estate company fell as much as 2.4 percent to Rs 60.30 after its consolidated net profit for the quarter ending September 30 fell 35.8 percent to Rs 36.8 crore as compared to Rs 57.3 crore in the year ago period.
The company’s margins on earnings before interest, tax, depreciation and amortisation too fell to 67 percent, compared to 84.7 percent year-on-year.
Shares of the world’s largest coal miner was largely tepid ahead of its second quarter results today, gaining only as much as 0.84 percent to Rs 307.85.
The state-run miner’s net profit is expected to fall 11 percent on a year-on-year basis to Rs 2,263.5 crore, while revenue is likely to remain flat at Rs 16,614 crore, according to Bloomberg consensus estimates. The profit number is expected to be at its lowest in the last eight quarters.
Also Read: Coal India May Post Its Lowest Profit In Eight Quarters
Shares of Bajaj Finance Ltd., continued to slide for the third straight session, falling as much as 7.3 percent to Rs 805. The stock has lost 8 percent in the last three trading sessions.
Brokerages like Credit Suisse, Deutsche Bank and Jefferies have maintained their negative stance on the stock.
Shares of Biocon’s research unit fell as much as 6.58 percent to Rs 592.50 after a fire was reported at one of the company’s laboratory buildings last night in Bengaluru, the company said in its filings to the exchanges.
The release further added that the extent of the damage is yet to be assessed but the concerned laboratory occupied almost 10 percent of the total office and laboratory space developed. Other operations continued to remain normal, the company said.
GST rollout: If not April, when?
— BloombergQuint (@BloombergQuint) December 13, 2016
By @Nikunj_Ohri https://t.co/cgEIPwx8HT pic.twitter.com/SJeSpYHcct
#BQSpotted | TVS Electronics has hit 5% upper circuit 6 times in last 15 sessions. By @soumeet_sarkar https://t.co/P9bnrVcjIC pic.twitter.com/brLLKz7rIB
— BloombergQuint (@BloombergQuint) December 13, 2016
Movers & Shakers: Coal India, Axis Bank, Sun Pharma And More
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Imports; no estimate (prior +8.1 percent)
Trade Balance; -$10.50 billion (prior -$10.16 billion)
US stocks slip as oil rally eases. Asia opens weak.
— BloombergQuint (@BloombergQuint) December 13, 2016
Read | https://t.co/4KdNuhPdVa pic.twitter.com/D6rCYH7ce1
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