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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
SEBI COMES OUT WITH LIST OF 1,677 DEFAULTERS
Posted on 14th August 2018
As many as 1,677 entities, including individuals, failed to pay penalties imposed by Sebi till the end of May, according to the regulator.

The list of defaulters as on May 31, 2018 "for non-payment of penalty imposed by Sebi through orders passed up to December 31, 2017" has been published on the regulator's website on Monday.


SBI shares continue to fall; down over 3 per cent
Posted on 14th August 2018
New Delhi: Shares of State Bank of India continued to fall for the second straight session on Monday, dropping over 3 per cent after the lender reported a hefty loss of Rs 4,876 crore for the June quarter.

The stock went down 3.17 per cent to end at Rs 294.80 on BSE. Intra-day, it slumped 4.15 per cent to Rs 291.80. At NSE, shares of the company fell 2.54 per cent to close at Rs 296.70.


Bitcoin slips below $6,000 to lowest since June as almost every other crypto nosedives
Posted on 14th August 2018
Bitcoin dropped below $6,000 and dozens of smaller digital tokens tumbled as this month’s selloff in cryptocurrencies showed few signs of letting up. The largest digital currency fell as much as 6.2 percent to $5,887 as of 10:44 a.m. in Hong Kong, the lowest level since June, according to Bloomberg composite pricing. Ether sank 12 percent, while all but one of the 100 biggest cryptocurrencies tracked by Coinmarketcap.com recorded declines over the past 24 hours.

Debit cards: Paytm rules the roost in the virtual world but lags in real life
Posted on 14th August 2018
Given how every depositor gets a digital debit card, Paytm Payments Bank has in less than a year of its launch notched up a large outstanding debit card user base.

Reserve Bank of India (RBI) data show the mobile wallet-to-payments bank entity had 39.12 million outstanding debit cards at the end of May.


Air India says yet to receive equity infusion from government
Posted on 14th August 2018
National carrier Air India on Monday said it is yet to receive the equity infusion from the government to meet its working capital requirements after an airline’s pilots’ body claimed grounding of several aircraft due to lack of funds.

“There is no money for spares and maintenance of these aircraft. Some of them have been grounded for the last three months.


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