Index Trends And Stocks In Action April 28, 2015
Chirag Gothi / 28 Apr 2015
The Indian equity market extended its losing streak for the third successive session. Nifty opened flat with a positive bias, however, the bulls gave up morning gains in span of the first 15 minutes as the all-round selling pressure took place. On daily chart Index has formed a big bearish candle with good volumes, suggesting bear will continue to dominate the market.
The Indian equity market extended its losing streak for the third successive session. Nifty opened flat with a positive bias, however, the bulls gave up morning gains in span of the first 15 minutes as the all-round selling pressure took place. On daily chart Index has formed a big bearish candle with good volumes, suggesting bear will continue to dominate the market. The Way forward the Index has strong support around levels of 8180; a pullback rally can be witnessed around these levels as index is trading in oversold territory. However, if bulls’ fails to hold this important support level expect the index to drift lower up to levels of 8080 levels. On the upside level of 8355 will act as a strong resistance zone for the index.
HIL has posted 4time growth in net profit at Rs 12.8 crore for the quarter ended March 31, 2015, as compared to Rs 3.2 crore. The total income from operations stood at Rs 273.4 crore for the quarter, as against Rs 237.4 crore for the same quarter of previous fiscal year, an increase of 15.2%.
InQ4FY15, Geometric recorded 7.3% decline on QoQ basis in operating revenues of Rs 268 crore as against revenues of Rs 289 crore in the previous quarter, and Rs 274 crore in the corresponding quarter last year. In current quarter it Signed new deals worth USD 9.40 Mn. Net profit decline by 80% on QoQ basis to Rs 3.29 crore in Q4FY15 as against of Rs 16.36 crore in Q3FY15.
Swaraj Engines has posted 53% de-growth in net profit at Rs 8.2 crore for the quarter ended March 31, 2015, as compared to Rs 17.5 crore. The total income from operations stood at Rs 103.7 crore for the quarter, as against Rs 158.3 crore for the same quarter of previous fiscal year, decline by 34.5%.
Tata Global Beverages got approval from Calcutta High Court to merge with Mount Everest Mineral Water pursuant to Section 391 and section 394 of the Companies Act, 1956. The Company will be filing the copy of the High Court Order with the Registrar of Companies in due course of time.
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