Anil Dhirubhai Ambani Group company - Reliance Communications has announced its results for the quarter ended June 2010. It has reported net profit of Rs 251 crore as against Rs 1220 crore, a de-growth of 79.42% (QoQ). The fall was due to notional provisioning on forex.
Revenues declined 1.53% to Rs 5015 crore from Rs 5092.8 crore, (QoQ).
Numbers were below the expectations; CNBC-TV18 expected net profit at Rs 612.67 crore and net sales at Rs 5273.3 crore.
Earning before interest, depreciation, tax and amortisation (EBIDTA) margin improved at 32.54% versus 31.46%.
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Sunday, August 15, 2010
Saturday, August 14, 2010
Stock that rallied 55.6% in 7 days
Raymond jumped 55.59% in 7-days to end at Rs 374.90 on Friday. Rallying 19.99%, the stock hit 52-week high today. There were pending buy orders of 40,371 shares, with no sellers available.
In the April-June quarter of this fiscal, it has posted a loss of Rs 24.88 crore compared to loss of Rs 31.60 crore (YoY) while income was at Rs 244.26 crore vs Rs 239.94 crore (YoY).
In the April-June quarter of this fiscal, it has posted a loss of Rs 24.88 crore compared to loss of Rs 31.60 crore (YoY) while income was at Rs 244.26 crore vs Rs 239.94 crore (YoY).
Is Germany driving growth in Europe?
The gross domestic product (GDP) numbers for the Eurozone expanded by 1% in the second quarter, ie from the first and by 1.7% versus the second quarter of 2009 that is year-on-year (YoY).
Germany seems to be the engine of growth. And that, is quite expected with 2.2% growth in the second quarter. That is the fastest since the country’s reunification in 1990. So is the worst over for Europe?
Is this the right time to start investing in equities
The markets are looking good at this point of time, volatility is less. So, is this the time for you to start investing before the market runs up even more?
In an exclusive interview with CNBC-TV18, PN Vijay, Portfolio Manager, says in this environment, if a person is looking at two-three year time frame, equity is a great place to invest and build assets and beat inflation.
Vedanta-Cairn conclude negotiations
Vedanta Resources Plc will acquire 51% stake worth around USD 8-8.5 billion in UK-based Cairn Energy’s Indian entity. CNBC-TV18 learns that the negotiations have concluded and Cairn has agreed to sell part stake in its Indian unit. This signalling a strategic shift by mining company Vedanta into oil and gas.
However, Petronas, which holds almost 15% in Cairn India, is unlikely to sell its stake to the Anil Agarwal company.
However, Petronas, which holds almost 15% in Cairn India, is unlikely to sell its stake to the Anil Agarwal company.