Investment Opportunities for NSE Investors From CapitalHeight

Posted by CapitalHeight on May 9th, 2018

This follows the NCLT’s order which directed the CoC to consider the Aditya Birla Group company’s proposal despite it being termed as the “unsuccessful bidder” by the CoC. The Tribunal had ordered Binani Cement’s resolution professional (RP) to submit the revised proposal from UltraTech to the CoC and also accommodated any modifications to the proposal if necessary. For More Info about Market Click here: CapitalHeight

 ICICI Bank on Monday posted a net profit of Rs 10.2 billion for the quarter ended March 2018, against Rs 20.2 billion a year ago, due to a sharp rise in provision for bad loans. The bank’s profit was boosted by a one-time income arising from the sale of shares in its capital market arm, ICICI Securities, to the tune of Rs 33.20 billion. The bank made a provision of Rs 2.89 billion through its profit and loss account, and Rs 5.05 billion by debiting reserves and surplus as permitted by the Reserve Bank of India (RBI), ICICI Bank said in a statement. Adjusted for these, the bank would have ended up in a loss at the net level.

Shares of Jubilant FoodWorks hit new high of Rs 2,668 per share, up 2% on the BSE, bouncing back 5% from their intra-day low after the company reported more than 10-fold jump in net profit at Rs 681 million in March 2018 quarter (Q4FY18). It had profit of Rs 67 million in a year ago quarter. Revenue from operations during the quarter under review grew 27% year on year (y-o-y) at Rs 7,798 million against Rs 6,128 million in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, tax, depreciation and amortization) margin improved 650 bps to 16.4% in Q4FY18 from 9.9% in Q4FY17.Click here for 2 Days Free Trial CapitalHeight.