NEWS CORNER
1.
PC Jeweller approved a proposal
to buy back 1.21 crore shares at Rs 350 a piece, which translates into a
premium of 67 percent from Thursday’s closing price of Rs 209.
2.
Shares of Mphasis touched 52-week
high after company reported stellar numbers for the quarter ended March 2018.
The company registered 29 percent jump in its consolidated profit to Rs 237.67
crore in quarter ended March 31, 2018 against Rs 184 crore in the same quarter
last fiscal.
3.
Nestle India hit a new high after the company reported a better than
expected 38% year on year (YoY) growth in net profit at Rs 4.24 billion in
March 2018 quarter (Q1CY18).
4.
Shares of telecom services
provider are under pressure with the Idea Cellular hitting a fresh 52-week low,
while Bharti Airtel falling 6% in intra-day trade on Friday after Reliance Jio
Infocomm (RJio) announced a new unlimited postpaid plan with national roaming,
international calling and international roaming plans among others.
5.
Zee Entertainment posted a
better-than-expected March quarter performance, led by strong growth in
advertising revenues. The advertising segment, which accounts for over 60 per
cent of the company's revenues, grew 24 per cent over the year ago quarter.
Missed call
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