HUL gains 4% as Q1 profit beats estimates
Hindustan Unilever (HUL) has moved higher by nearly 4% to Rs 688, bouncing back 5% from intra-day low, after reporting a better-than-expected 3.7% year-on-year (yoy) jump in net profit at Rs 1,057 crore for the quarter ended June 30, 2014 (Q1), on back of strong volume growth. The fast moving consumer goods (FMCG) company had profit of Rs 1,019 crore in the same quarter last fiscal.
Reliance Power gains on acquisition of hydro power business
Reliance Power surged 3% to Rs 93 on the BSE after Anil Ambani led Reliance Power on Sunday acquired debt-laden Jaiprakash Power Ventures Ltd's entire hydropower portfolio. This deal is expected to make Reliance Power the largest private hydropower provider in India with 7,800 MW operating capacity by end of FY15.
PNB's Q1 profit growth beats estimates
Punjab National Bank(PNB), the third-largest public sector bank in India, surprised the Street with its profit growth in the June quarter of FY15. The bank reported a 10 per cent year-on-year (y-o-y) growth in net profit at Rs 1,401 crore, higher than the Street’s estimate of Rs 1,100 crore. The bank’s earnings have been driven by stable margins and interest income.
Fund raising via preferential allotment drops 58%
Fund raising by issuance of shares to promoters and shareholders on preferential basis has plunged by 58% to Rs 11,573 crore in the April-June quarter of the 2014-15 financial year.
Hindustan Unilever (HUL) has moved higher by nearly 4% to Rs 688, bouncing back 5% from intra-day low, after reporting a better-than-expected 3.7% year-on-year (yoy) jump in net profit at Rs 1,057 crore for the quarter ended June 30, 2014 (Q1), on back of strong volume growth. The fast moving consumer goods (FMCG) company had profit of Rs 1,019 crore in the same quarter last fiscal.
Reliance Power gains on acquisition of hydro power business
Reliance Power surged 3% to Rs 93 on the BSE after Anil Ambani led Reliance Power on Sunday acquired debt-laden Jaiprakash Power Ventures Ltd's entire hydropower portfolio. This deal is expected to make Reliance Power the largest private hydropower provider in India with 7,800 MW operating capacity by end of FY15.
PNB's Q1 profit growth beats estimates
Punjab National Bank(PNB), the third-largest public sector bank in India, surprised the Street with its profit growth in the June quarter of FY15. The bank reported a 10 per cent year-on-year (y-o-y) growth in net profit at Rs 1,401 crore, higher than the Street’s estimate of Rs 1,100 crore. The bank’s earnings have been driven by stable margins and interest income.
Fund raising via preferential allotment drops 58%
Fund raising by issuance of shares to promoters and shareholders on preferential basis has plunged by 58% to Rs 11,573 crore in the April-June quarter of the 2014-15 financial year.
For more details call us: 0731-6669900,6790000
Click here: capitalstars.com
Click here: capitalstars.com
No comments:
Post a Comment