Index Trend And Stocks In Action January 25, 2016
Chirag Gothi / 25 Jan 2016
The Bulls rejoice as the Indian market registered a gain of over 2 per cent on the last day of the trading session. European Central Bank lifted the sentiments as Chief Mario Draghi said the bank will ‘review and possibly reconsider’ monetary policy at its next meeting in the month of March.
The Bulls rejoice as the Indian market registered a gain of over 2 per cent on the last day of the trading session. European Central Bank lifted the sentiments as Chief Mario Draghi said the bank will ‘review and possibly reconsider’ monetary policy at its next meeting in the month of March. On the weekly chart the index has formed a Long Legged Doji pattern after a sharp decline in the previous two weeks. This pattern indicates that reversal of the prior trend is possible. Now going forward the index needs to sustain above the crucial resistance level of 7470, to continue this uptrend. However, if it fails to clear the resistance level, then it’s likely to see a dip upto levels of 7330.
Ashoka Buildcon: Ashoka Buildcon has reported a consolidated net profit of Rs 13.26 crore in Q3FY16 as against net profit of Rs 1.28 crore in Q3FY15. Total income from operations reported at Rs 603.87 crore as against Rs 455.58 crore in the corresponging quarter of the previous year.
Shemaroo Entertainment: Shemaroo Entertainment has posted a 27.9 per cent jump in its consolidated net profit at Rs 12.82 crore compared to Rs 10.02 crore a year ago. Total income from operations during the quarter saw a 15.72 per cent increase to Rs 101 crore from Rs 87.28 crore in the corresponding quarter of the previous fiscal.
Force Motors: Force Motors reported net profit of Rs 27.43 crore, which clocks a three-folds jump on Y-o-Y basis. The company’s revenue stands at Rs. 745.76 crore, witnessing growth of 44.26% Y-o-Y. Its core operating profit of Rs. 47.17 crore, witnessed over three-times jump with operating margin at 6.32% , which expanded by 344 bps on Y-o-Y basis.
Cipla: Cipla has completed selling off its entire holding in Hong Kong-based Biomab Holding to Biomab Brilliant for USD 2.5 million (nearly Rs 16.9 crore).
Unichem Laboratories: Unichem Laboratories reported nearly 10-fold jump in net profit to Rs 20.54 crore in Q3FY16, mainly on account of robust sales. Income from operations of the company also rose to Rs 306.26 crore in Q3FY16 as against Rs 265.85 crore in the previous year.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.