Stock Corner
1.
Shares of
Eveready Industries slipped 3% after the company posted a net loss of Rs16cr in
the March quarter due to a spike in operating costs. It had reported a net
profit of Rs10.5cr in the same quarter last year. The company’s revenue from
operations has increased to Rs349.7cr in Q4FY18 over Rs317cr in the Q4FY17.
2.
Glenmark
Pharma sets up committee to assess feasibility of housing API and Consumer care
business in separate business entity.
3.
Shares of
Mahindra & Mahindra (M&M) gains after the company reported a strong 50%
year on year growth in consolidated net profit at Rs 11.55 billion in March
2018 quarter (Q4FY18). It had profit of Rs 7.7 billion in the same quarter last
fiscal.
4.
Shares of
Glenmark Pharmaceuticals tanks after the company reported a decline of 17% in
its consolidated net profit at Rs 1.52 billion for the quarter ended March 2018
(Q4FY18), on account of de-growth in US business. The drug company had profit
of Rs 1.84 billion in the same quarter last fiscal.
5.
Dilip
Buildcon dips after the company reported 11% year on year (YoY) growth in its
consolidated net profit at Rs 2.18 billion in March 2018 quarter (Q4FY18). The
net profit growth during the quarter was lowest in past six quarters.
6.
State Bank
of India has hiked interest rates on its retail fixed deposits for short to
medium term by up to 25 bps with effect from May 28, 2018.
7.
Vedanta
ordered by Tamil Nadu government to seal and permanently close the copper
smelter plant at Tuticorin.
8.
Dalmia
Bharat Sugar to sell its wholly-owned subsidiaries' Dalmia Solar Power and
Dalmia Sugar Ventures to the promoters.
Missed call
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