Thursday, 3 May 2018

Stock Market Corner


Daily Newsletter
Stock Corner:

1.                   HCL Technologies Q4 profit rose 7.5 percent sequentially to Rs 2,230 crore, meeting analysts' estimates. The company reported a revenue of Rs 13,178 crore, 2.9 percent higher than in the December quarter.



2.                   Hero MotoCorp reported a 35 percent year-on-year rise in its net profit for the March quarter at Rs 967.4 crore. Net sales were Rs 8,564 crore, 14.3 percent higher than the Rs 7,495.68 crore reported in the same quarter last fiscal.
3.                   Marico has reported net profit growth of 7.2 percent year-on-year at Rs 183.2 crore for the quarter ended March 2018, backed by double digit revenue growth. Profit in corresponding period of last fiscal was at Rs 170.9 crore.
4.                   GR Infraprojects has filed draft papers with capital markets regulator Sebi to raise an estimated Rs 1,800 crore through an initial public offering.
5.                   Axis Bank has called media reports about Kotak Mahindra Bank's plans to acquire it 'factually incorrect and speculative'.

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