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Category Archives: Top Corporate News

TOP CORPORATE NEWS- 20 JULY 2017

Bajaj Auto profit in line with estimates Bajaj Auto Q1 net profit for the Quarter ended June 30, 2016 Net Profit at Rs924 crore Revenue down 3.9% at Rs5854 crore (YoY) EBITDA at Rs938.3 crore EBITDA margin at 17.2% Bajaj Auto Q1 FY2018 Results: Weak Operating performance (in line with estimates); Higher other income leads

STOCKS TO LOOK OUT FOR TODAY: 20 JULY 2017

On Wednesday, Nifty started off the session with an upside gap and thereafter, it extended its up-move and in the end, Nifty settled near day’s high around 9,900 mark. On the daily chart, Nifty has formed a long bull candle, which indicates the dominance of the bulls. Going forward, the recent high of 9,928 will

TOP CORPORATE NEWS- 19 JULY 2017

Ashok Leyland up on technological pact with Sun Mobility Ashok Leyland has formed a technical alliance with Sun Mobility, promoted by Chetan Maini, founder of Reva electric vehicle, and Uday Khemka, for producing and selling electric vehicles. The first electric bus as a result of the alliance will be rolled out in 12-18 months. About

STOCKS TO LOOK OUT FOR TODAY:19 JULY 2017

On Tuesday, Nifty opened the session with a significant downside gap and breached the important psychological mark of 9,800, briefly. Nifty made an attempt to recover during the day, however, it failed to do so as it showed weakness towards the end. Going forward, on the higher side, the zone of 9880-9900 will act as

TOP CORPORATE NEWS- 18 JULY 2017

Cigarette stocks down as GST Council hikes cess Cigarette stocks declined after the Goods and Services Tax (GST) Council yesterday, (July 17, 2017), increased the compensation cess on cigarettes by 48.50 paise to 79.20 paise per stick with effect from July 18, 2017. ITC down 11.59%, Godfrey Phillips down 4.97%, VST Industries down 4.65% and

MAJOR HEADLINES FOR TODAY – 18 JULY 2017

Following are the major headlines for today ….. ITC falls most in nearly five years Shares of ITC declined nearly 15% to Rs276.9, after the GST Council on Monday, increased the compensation cess on cigarettes to ensure that the effective tax rate does not reduce under the new indirect tax regime. Government hikes GST rates

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