PEL reported a surprise topline growth of 33% YoY for Q4FY11 but bottomline dipped by 50%YoY, due to lower operating profit at 8.1% vs 12.6% in Q4FY10. During the quarter interest cost jumped by 58% YoY to Rs728mn, which includes interest cost of ~Rs250mn towards its Noida real estate project. Adjusting for sale of property in Jogeshwari, operating margin further dips to 5.6% (Cons) and 4.2% (Stand) and adj conso PAT posted a loss of Rs90mn. In all a bad quarter, we downgrade our recommendation to HOLD.
Mustardseed yesterday traded with the positive node and se
New Delhi, May 20 : From a too good to be true daughter-in-law to a young professional, from a dutiful son to the host of a televised wedding, from a sassy wife to a Punjabi woman - TV stars Sakshi Tanwar, Hiten Tejwani and Rakshanda Khan have undergone role reversals over the years.
Crude Palm oil yesterday traded with the positive node and settled 0.86% up at 529.7 on the back of firming global trend. Malaysian palm oil exports jumped by nearly a third in the first half of May and traders expect more orders to come in from China and India as production recovers in Southeast Asia. In yesterday's trading session Crude Palm oil has touched the low of 525 after opening at 528.2, and finally settled at 529.7. For today's session market is looking to take support at 526.4, a break below could see a test of 523 and where as resistance is now likely to be seen at 531.7, a move above could see prices testing 533.6.
Ref Soyaoil yesterday traded with the positive node and settled 0.68%A bold move in the electric vehicle (EV) segment is on the horizon as SAIC Motor prepares to launch the MG4, the world’s first mass-produced EV featuring a semi-solid-state battery.
News in Focus
Featured, Company Updates, ALT5 Sigma, Cryptocurrency, Finance Sector, United States, World Liberty Financial
In a transformative $1.5 billion deal, World Liberty Financial—the Trump family’s cryptocurrency enterprise—has entered an alliance with publicly traded fintech firm ALT5 Sigma Corporation.
The dazzling debut of Bullish—a Peter Thiel-backed crypto exchange—on the New York Stock Exchange has electrified the financial world, with shares surging a breathtaking 218% on the first trading d
Spanish startup Multiverse Computing has made a bold move in artificial intelligence by unveiling remarkably compact yet powerful AI models, challenging the prevailing momentum toward ever-larger s
Prabhudas Lilladher has maintained its ‘Hold’ rating on BEML Limited with a target price of Rs 4,142.
Coinbase faces a challenge but investors should keep in mind that Coinbase is totally focused on cryptocurrency and it won't be easy for Citi to offer a strong competition to Coinbase's dominance i
Main Regional Stories
In the dynamic realm of online gambling, Casumo Casino emerges as a beacon of innovation and player-centric design.
Zomato (Eternal Limited) share price touched fresh high in today's session as investors are still bullish on the stock. Eternal Limited shares closed 1.71 percent higher at Rs 317.70 after touching fresh highs at Rs 319.80.
Asian Paints stock is looking strong on technical charts. Asian Paints closed 1.19 percent higher at Rs 2,530, close to its day's high. The stock has gained almost 6 percent over last one month despite sideways trend in overall markets.
Bajaj Housing Finance, United Spirits, and ICICI Prudential stocks were trading with gains on Thursday while overall market trend was neutral. NSE Nifty was up by 16 points only, with low volatility during today's trade.
