Index Trends And Stocks In Action For 25th July 2013
DSIJ Intelligence / 25 Jul 2013
SKF India announced its Q1FY14 results wherein it posted a decline in revenues to Rs 560.27 crore from Rs 
576.74 crore in Q1FY13. Its net profit too declined to Rs 45.8 crore, reducing by 1.71% as compared to Q1FY13. Share prices of SKF India are likely to see some downward movement today.
Automotive Research Association of India has allowed Hindustan Motors to sell its BSIV compliant diesel Ambassadors in all the 13 cities that it was barred from selling in on account of technology constraints. This is likely to result in some upward movement in the stock prices of Hindustan Motors today.
KPIT Cummins announced its Q1FY14 numbers post market hours yesterday. The company reported 3.1% sequential growth in its revenues to USD 109 million. Its net profit was up 17.5% sequentially to Rs 60.1 crore. The deal pipeline of the company seems good and the outlook seems optimistic. Stock prices of KPIT Cummins will see some up-move today.
Heavy Industries and Public Enterprises Minister Praful Patel has said that he will talk to the Prime Minister and Finance Minister for the automobile industry to get a stimulus package to revive the sector. Some support can be expected in the prices of major automobile stocks today.
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.