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Bharat Dynamics soars 16% on robust December quarter results
Posted on 15th February 2019
Shares of Bharat Dynamics soared 16 per cent to Rs 263 apiece on the BSE in an otherwise weak market after the company reported a robust net profit of Rs 188 crore in December 2018 quarter (Q3FY19). The state-owned defence company had a profit of Rs 6.18 crore in the year-ago quarter.

The company’s operational revenue during the quarter under review grew 26 per cent to Rs 1,038 crore against Rs 822 crore in the corresponding quarter of previous fiscal.

On January 8, 2019, Bharat Dynamics had signed a contract worth of Rs 760 crore approximately with the Indian Army for production and supply of Anti-Tank Guided Missiles (ATGM) and Launchers.

Bharat Dynamics is one of the leading defence PSUs in India engaged in the manufacture of Surface to Air missiles (SAMs) Anti-Tank Guided Missiles (ATGMs) underwater weapons launchers countermeasures and test equipment. It is the sole manufacturer in India for SAMs torpedoes ATGMs. It is also the sole supplier of SAMs and ATGMs to the Indian armed forces.

Bharat Dynamics, which made a stock market debut on March 23, 2018, was trading 38 per cent lower against issue price of Rs 428 on the BSE. It touched a 52-week low of Rs 224 on Thursday, February 14, 2019, in intra-day trade.

At 10:53 am; Bharat Dynamics was trading 14 per cent higher at Rs 257 on the BSE. The trading volumes on the counter jumped seven-fold with a combined 290,077 equity shares changed hands on the NSE and BSE so far.
Related Companies: Bombay Stock Exchange - BSE   National Stock Exchange of India Ltd (NSE)    

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NTPC Q4 profit jumps 48.7 pc to Rs 4,350.32 cr; announces 25 pc final dividend
Posted on 25th May 2019
New Delhi: State-run power giant NTPC on Saturday posted a 48.7 per cent jump in its standalone net profit at Rs 4,350.32 crore for the March quarter compared to the year-ago period mainly on the back of lower expenses.

The company's standalone net profit in January-March 2018 was Rs 2,925.59 crore, an NTPC statement said.


Why FPIs may find debt market more attractive after easing of norms by RBI
Posted on 25th May 2019
The Indian debt market could attract higher interest from foreign portfolio investors (FPIs), with the Reserve Bank of India (RBI) on Friday easing investment norms through the voluntary retention route (VRR), rolled out since March 2019.

The RBI waived off the requirement for FPIs to invest a minimum 25% of the committed portfolio size (CPS) within one month of allotment. It introduced an additional category, VRR combined, which allows investors to invest in both corporate and sovereign bonds.


NIIT Ltd Q4 net profit up 18 pc to Rs 23 crore
Posted on 25th May 2019
New Delhi: NIIT Ltd on Saturday said its consolidated net profit rose 18 per cent to Rs 23.2 crore in the March quarter, helped by increased productivity and turnaround in its skills and careers (SNC) business.

The skill development and talent development firm had posted a net profit of Rs 19.7 crore in the year-ago period.


DLF’s operating cash flow to rise in coming quarters
Posted on 25th May 2019
DLF’s net sales bookings stood at `650 crore in Q4 – ahead of expectation for `600 crore. The mManagement guided for conservative 10% growth in pre-sales in FY20 mainly due to subdued NCR market and very low inventory in Crest project which contributed significantly to sales in FY19. Management guided for exit rentals of `37.5-40 bn at DCCDL (`27 bn currently), driven by addition of `4.5 bn of rentals from commencement of Cyberpark and Rs 4.25 bn of rentals from transfer of assets from DLF.

ITC Q4 results broadly in line with estimates
Posted on 25th May 2019
Q4 was broadly an in-line quarter led by modest performance in core cigarette business (8% volume growth/2-year CAGR at 2.5% and 10% Ebit growth), sustained profitability enhancement in FMCG and broad-based robust growth in other businesses. Punitive taxation notwithstanding, we believe, improving volume trajectory and pricing action in core cigarette business remain key catalysts. Inexpensive valuations (our reverse math suggests core cigarette business adjusted for other parts in our SoTP valuation trades at 21x Mar-21e earnings) and undemanding expectations lend additional comfort.

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