Stock Corner
1.
Shares of
Apollo Hospital Enterprises (AHEL) have surged 15% to Rs 1,087 per share on the
BSE after the company posted a strong 70.86% year on year growth in net profit
at Rs 601.6 million during the quarter ended June 30, 2018 (Q1FY19). It had a
profit of Rs 352.1 million during the same period last year.
2.
Shares of
Sun TV Network have slipped 6% to Rs 776 per share on the BSE, after the
company reported 63% year-on-year (YoY) growth in net profit at Rs 4.09 billion
in June quarter (Q1FY19) driven by strong performance from its IPL franchise.
The revenue was up 42% at Rs 11.20 billion on YoY basis.
3.
United
Breweries (UBL) rallied 7% to Rs 1,286 on the BSE in intra-day trade after the
company reported healthy 37% year-on-year (YoY) increased in net profit at Rs
2,219 million in June quarter (Q1FY19). Revenue grew 11.2% at Rs 18.66 billion
on YoY basis. The company reported 12% volume growth compared with industry
average growth of 9% during the quarter.
4.
Shares of Bajaj
Electricals slipped 7.5% in intraday trade after Anant Bajaj, managing director
(MD), passed away on Friday following a heart attack.
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