Index Trends And Stocks In Action February 06, 2015
Chirag Gothi / 06 Feb 2015
The Indian market saw a razor-sharp correction of over 1% from intraday highs amid sell off in last hour of trades. Technically, index is flirting around its important support as defined by upward rising trend line, connected from swing lows of 8065.
The Indian market saw a razor-sharp correction of over 1% from intraday highs amid sell off in last hour of trades. Sell-off was on account of weak cues from the European market, where in the Greece Athens index plunged about 6 per cent. Technically, index is flirting around its important support as defined by upward rising trend line, connected from swing lows of 8065. If market sustains below this level for one more trading session, than its likely that next leg of correction or sideways move has begun. For day trading important support for index is placed in zone of 8680-8630. On upside 8745 and 8780 are two big hurdles for the bulls.
Net profit of AIA Engineering (BSE Code: 532683) rose 61.95% to Rs 91.81 crore in Q3FY15 as against Rs 56.69 crore in Q3FY14. Sales rose 17.01% to Rs 510.14 crore in the quarter ended December 2014 as against Rs 435.97 crore during the previous quarter ended December 2013.
Net profit of Shasun Pharmaceuticals (BSE Code: 524552) rose 88.74% to Rs 19.10 crore in Q3FY15 as against Rs 10.12 crore in Q3FY14. Sales rose 11.99% to Rs 259.17 crore in the quarter ended December 2014 as against Rs 231.43 crore during the previous quarter ended December 2013.
Tata Motors (BSE Code: 500570) reported a 25.47% decline in its consolidated net profit at Rs 3,580.72 crore for the third quarter ended December 31, 2014, pulled down by its Indian operations. Revenue from the company's British unit, Jaguar Land Rover went up by 8.64% at Rs 58,549.97 crore as against Rs 53,892.52 crore in the corresponding quarter last year.
PTC India's (BSE Code: 532524) net profit for the third quarter this fiscal plunged to Rs 7 crore due to one-time provision of Rs 33 crore. The company had reported Rs 91 crore profit the year-ago period. Total income from operations increased by 5 per cent to Rs 2,823.24 crore during the period under from Rs 2,751.47 crore in the corresponding period of the last financial year.
Net profit of Gujarat Alkalies (BSE Code: 530001) decline by 25.1% to Rs 25.9 crore in Q3FY15 as against Rs 35.2 crore in Q3FY14. Sales decline by 10.4% to Rs 457 crore in the quarter ended December 2014 as against Rs 510 crore during the previous quarter ended December 2013.
Net profit of Talwalkars (BSE Code: 533200) rose 27% to Rs 4.48 crore in Q3FY15 as against Rs 3.53 crore in Q3FY14. Sales rose 28.5% to Rs 42.4 crore in the quarter ended December 2014 as against Rs 33 crore during the previous quarter ended December 2013.
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