Expect Nifty 50 Firms To Post 1.5% Profit Growth In 2017-18: Kotak Institutional Securities

Expect Nifty 50 Firms To Post 1.5% Profit Growth In 2017-18: Kotak Institutional Securities

Mumbai: Weak earnings for the April-June period, wherein Nifty 50 companies reported an 8.4 per cent decline in net income, reflects underlying weakness in the economy and the possibility of yet another sluggish year, according to a report by brokerage...
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JP Associate Shares Surge 19% After Posting Profit In June Quarter

JP Associate Shares Surge 19% After Posting Profit In June Quarter

Jaiprakash Associates (JP Associate) shares surged as much as 19 per cent on Monday after the debt-laden company on Saturday reported profit for the first time after many quarters of losses. Its shares made a high of Rs. 30.15 on National Stock...
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Larsen & Toubro Shares Rise 4% On June Quarter Profit

Larsen & Toubro Shares Rise 4% On June Quarter Profit

New Delhi: Larsen and Toubro (L&T) shares rose 4 per cent on Monday, after the company registered a 46 per cent jump in consolidated net profit for the April-June quarter. The stock gained 4 per cent to Rs. 1,206 on...
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Biocon Shares Fall 7% As Q1 Profit Slumps

Biocon Shares Fall 7% As Q1 Profit Slumps

New Delhi: Bio-pharmaceutical firm Biocon’s shares dropped 7 per cent on Friday, a day after the company reported a 51.20 per cent decline in consolidated net profit for the quarter ended June 30. Shares of the company opened the day...
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RIIL’s Q1 net profit down by 39%

RIIL’s Q1 net profit down by 39%

Reliance Industrial Infrastructure Ltd (RIIL) on Thursday reported a decline of 39.1 per cent in its net profit for the first quarter (Q1) of 2017-18. The company’s net profit stood at Rs 1.84 crore for the quarter ended June 30,...
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SpiceJet Q4 net profit falls 43% on higher fuel costs, demonetisation

SpiceJet Q4 net profit falls 43% on higher fuel costs, demonetisation

Budget carrier SpiceJet today reported 43% fall in net profit at Rs 41.6 crore for the fourth quarter ended March 31, 2017 due to higher fuel cost and lower yield on account of demonetisation. The Gurgaon-based carrier had reported a...
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