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Ashok Leyland, Shakti Pumps, Zydus Wellness, Jubilant Life hit 52-week high
Posted on 8th February 2018
Ashok Leyland, Shakti Pumps, Zyndus Wellness, Excel Industries, FDC, Jubilant Life Sciences, Polaris Consulting & Services, Hinduja Global Solutions and Inox Leisure have hit their respective 52-week highs on BSE on Thursday.

These stocks have trading higher by up to 19% today, extending their gain after reported a strong set of numbers for the quarter ended December 2017 (Q3FY18).

Excel Industries soared 19% to Rs 888 after specialty chemicals company reported a more than16-fold jump in net profit at Rs 196 million for Q3FY18. It had profit of Rs 12 million in year ago quarter.

Operational revenue grew 47% to Rs 1,468 million from Rs 998 million in previous year quarter.

Shares of packaged foods company Zydus Wellness surged 14% to Rs 1,197 after the company posted 44% year on year (YoY) growth in its consolidated net profit at Rs 361 million. Revenue from operations grew 22% at Rs 680 million on YoY basis.

Shakti Pumps (India) rallied 10% to Rs 615, extending its past four days 7% gain, after Portfolio Management Schemes of Old Bridge Capital Management on February 1, 2018 bought 81,434 shares representing 0.43% stake of the company through open market.

Post acquisition, total holding of Portfolio Management Schemes of Old Bridge Capital Management in Shakti Pumps increased to 5.3% from 4.87% earlier.

Ashok Leyland hit a new high of Rs 137, up 2%, extending its three days 9% surge, after the company reported more than doubled net profit at Rs 4.5 billion in Q3FY18 against Rs 1.62 billion in the same quarter year ago.

Commercial vehicle major Ashok Leyland unveiled its first electric bus, Circuit-S, with the swappable battery technology of Sun Mobility, at the AutoExpo 2018 on Wednesday, the Business Standard reported.

FDC hits a 52-week high of Rs 280, up 10% on BSE in early morning trade, extending its previous days 6% surge, after the company said that its board has approved the buyback proposal at a price of Rs 350 per equity share through tender offer.

“The board approved the buyback of 3.43 million equity shares of the Company at a price of Rs 350 per equity share for an aggregate amount not exceeding Rs 1,200 million from the equity shareholders of the Company on a proportionate basis through the "Tender Offer" route,” FDC said in a regulatory filing.

Related Companies: Ashok Leyland Limited   

Other Latest News
Aruna Reddy creates history to win bronze at Gymnastics World Cup
Posted on 24th February 2018
NEW DELHI: Aruna Budda Reddy became the first Indian gymnast to clinch an individual medal at the Gymnastics World Cup in Melbourne by securing bronze in the women's vault. Reddy, 22, scored 13.649 to finish behind gold medallist Tjasa Kysslef of Slovania and Emily Whitehead of Australia who took silver. The other Indian woman in contention, Pranati Nayak finished sixth with a score of 13.416.

Rupee closes higher against US dollar on Asian cues
Posted on 24th February 2018
Mumbai: The Indian rupee strengthened against the US dollar on Friday, tracking gains in local equity markets.

The home currency ended at 64.73, up 0.50% from its previous close of 65.05. The local currency opened at 64.96 a dollar and touched a high and a low of 64.69 and 64.97, respectively.


Kohli to be honoured with ICC Test Championship Mace after Newlands T20
Posted on 24th February 2018
The International Cricket Council (ICC) will present the ICC Test Championship Mace to India captain Virat Kohli at the Newlands Stadium in Cape Town after the end of the third and final T20 International against South Africa on Saturday.

On behalf of the ICC, ICC Cricket Hall of Famers Sunil Gavaskar and Graeme Pollock of South Africa will make the presentation immediately after the awards ceremony for the T20I series.


GST e-way bill should be mandatory from April 1, suggests Sushil Modi
Posted on 24th February 2018
The GST provision requiring transporters to carry an electronic way bill or e-way bill when moving goods between states should be implemented from April 1, a group of state finance ministers recommended on Saturday.

GoM head and Bihar Deputy Chief Minister Sushil Kumar Modi said the requirement for intra-state movement of goods of more than Rs 50,000 value would be introduced in phases after assessing the response for inter-state movement.


47% Indians care more about smartphones than their loved ones: Study
Posted on 24th February 2018
Nearly 33 per cent of people, specially the younger generation that has grown up in a digital world, care more for their smartphones over engaging with individuals they love and India tops the list with 47 per cent, a report said on Saturday.

The study by telecommunications company Motorola, which is developed in partnership with Nancy Etcoff -- expert in 'Mind-Brain Behaviour and the Science of Happiness', from Harvard University, said: "We, as a generation, are losing control of our lives."


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