Thursday 28 June 2018

Stock Market Corner

Stock Corner

1.                   Fortis Healthcare reported net loss at Rs932cr in the March quarter on account of a Rs833.50cr exceptional loss due to write-off of goodwill, inter-corporate deposit and advances.


2.                   Voltas clarified that it is not aware on media report on Tata Sons selling stake.
3.                   Jet Airways entered another agreement with the Boeing Company for 75 Boeing MAX Aircraft.
4.                   xLeading Indian steel producer JSW Steel has said it is looking for more deals in Europe and the United States to expand its global footprint, according to a report by Bloomberg.
5.                   Manpasand Beverages has reported 36 percent jump in its Q4 net profit at Rs 42.7 crore against Rs 31.3 crore in a year ago period. Revenue was up 44 percent at Rs 384.3 crore versus Rs 267.2 crore. The operating profit rose 41 percent at Rs 73 crore and margin was at 19 percent.
6.                   Shares of Jubilant Life Sciences rose 4 percent as company approved raising up to Rs 350 crore via non-convertible debentures. The board of directors of the company at its meeting held today, decided to obtain approval of the shareholders of the company through postal ballot for issuance of redeemable non-convertible debentures (NCDs) on private placement basis upto an amount of Rs 350 crore.
7.                   Mindtree clarified that the reports of promoter selling stake in the company are completely false. Japan’s NEC Corp. and a large global private equity fund are in initial talks to acquire a controlling stake in Mindtree from its founders, the Mint said quoting two people directly aware of the development.


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