Stock Corner
1.
Tata Elxsi
share price hit all-time high of Rs 1,477.10, rising 7 percent intraday on
Wednesday following strong operating profit for the quarter ended June 2018.
The design company has reported first quarter profit Rs 70.5 crore, which
increased 0.3 percent from Rs 70.3 crore in previous quarter due to fall in
other income. Revenue from operations grew by 1.8 percent year-on-year to Rs
382 crore for the quarter ended June 2018.
2.
Shares of
InterGlobe Aviation, operator of IndiGo, fell over 2 percent on Wednesday
afternoon as investors reacted to the news of its aircraft getting grounded.
3.
Jubilant
FoodWorks, the operator of Domino’s Pizza in India, reported a
better-than-expected profit of Rs 74.7 crore for the June quarter. The company
had reported a profit of Rs 23.8 crore in the corresponding quarter of last
year. Brokerage house Motilal Oswal expected the profit to be around Rs 54
crore.
4.
Kitchen
appliances maker TTK Prestige's first quarter profit fell 73.3 percent
year-on-year to Rs 35.9 crore due to exceptional gain in year-ago period.
Profit for the quarter ended June 2017 stood at Rs 134.3 crore, which included
one time exceptional income of Rs 128.96 crore on account of monetisation of
property development rights.
5.
Shares of
Maruti Suzuki fell over a percent on Wednesday morning after the company
announced a recall over 1,200 new Swift and Dzire models to inspect a possible
fault in Airbag Controller Unit.
Missed call
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