CMI reports Rs 603.16 lakh net profit for Q1

Posted by Equitymaster Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the power sector and realty sector witnessing maximum selling pressure. The BSE Sensex is trading down 90 points ...

Natural rubber import which consistently increasing from 2008-09, declined by seven per cent in 2016-17 and further expected to reduce in 2017-18. The decline in import was due to increase in production in India.Speaking to Business Standard at the sidelines ...

First sequential decline in a decade as 8 of top 15 software firms report drop in manpower For the first time in a decade, information technology (IT) companies reported a sequential decline in their employee strength in the April-June 2017 quarter. The combined headcount of the country’s top 15 listed IT companies was down around 3,000 employees, compared to the number at the end of March this year. The squeeze is widespread, with eight of the 15 companies reporting a quarter-on-quarter ...

'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta.Illustration: Uttam Ghosh/Rediff.com Every one of the Nifty set of 50 large companies has declared results for the June quarter (Q1), 2017-18. A look through the numbers is illuminating given the breadth of the index and the fact that all are market leaders. Overall, revenue growth is at 9 per cent year-on-year (y-o-y) and net profit growth is 0.9 per cent. There are two turnarounds. Tata Steel has moved ...

Posted by Equitymaster After opening the day firm, stock markets in India continued their momentum. Sectoral indices are trading on a positive note with stocks in the capital goods sector and oil & gas sector witnessing maximum buying interest. The BSE Sensex ...

Posted by Equitymaster Geo-political tensions escalated during the week as North Korea conducted its sixth and most powerful nuclear bomb test. Serious tensions seem to be brewing up between US and North Korea. A full-blown war between the two countries would ...

Project delays, stretched balance sheets impacting asset quality indicators of HFCs. Hit by project delays and stretched balance sheets, developer loans disbursed by housing finance companies (HFCs) are showing a rise in delay of payments. There has been a deterioration in the asset quality indicators for HFCs in the June quarter (Q1) of FY18 due to an increase in gross non-performing assets (NPAs), which rose from 0.84 per cent of gross advances on March 31 to 1.15 per cent as of June 30. The ...

For a stock which has lost almost a third of its market value from the highs seen in August last year and having touched its all-time intra-day low of Rs 234 on 11th August 2017, things may be turning around. Coal India's (CIL) dispatch numbers for August ...

Posted by Equitymaster Global financial markets ended the week on a positive note. This is on the back of positive economic data coming in from the US, China and the UK. US stock indices have recovered from steep early losses triggered by fears that ...