Friday 20 April 2018

Stock Corner of Market


1.                   IndusInd Bank reported a net profit of Rs 953.09 crore for the March quarter, around 27 percent higher than in the same quarter last year, as it made fewer provisions for bad loans. The bank’s net interest income, which is the difference between interest earned and interest expended, came in at Rs 2,007.59 crore, 20.4 percent higher than in the corresponding quarter a year ago.



2.                   Shares of metal companies were buzzing in trade on Thursday as investors cheered uptick in global metal prices.

3.                   Oil retailers share prices hit fresh 52-week low on Thursday after Brent crude oil futures crossed the USD 74 a barrel, the highest level since late 2014.

4.                   Shares of NCC moved higher after company reported 72% year on year growth in net profit at Rs 1,004 million in December quarter on the back of healthy operational performance.

5.                   Telecom major Idea Cellular today said its Board has accorded final approval for issuing equity shares for up to Rs 3,500 crore through Qualified Institution Placement (QIP) route.



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