ECONOMY ANALYSIS
- Sensex, Nifty consolidate; DLF gains 3%, Bharti loses 2%
- Tata Motors Q3 net trebles, driven by one-off item, JLR
- Indian hiring activity jumped 13% in Jan 2014: Naukri
- Nissan sales rise 29% in Jan
- Headwinds for Indian banks to continue in 2014: S&P
- 5.5-6.5% GDP growth in FY15 within grasp: HSBC's Kidwai
- DLF surges 6%, sells Amanresorts for USD 358 mn
MARKET
ANALYSIS
- MUMBAI: Tata MotorsBSE 0.86 % reported a stunning set of results for the quarter ended December 31, 2013. The results beat Street estimates on all fronts, that is net profit, sales and margins; and this was on the back of strong performance by its UK-based subsidiary Jaguar Land Rover (JLR).
- The company reported consolidated net profit of Rs 4,804.9 crore, up 195 per cent, as against a net profit of Rs 1,627.5 crore in the year-ago period. An ET Now poll suggested net profit of Rs 3,650 crore.
- The sales for the quarter rose to Rs 63,877 crore, up 38.2 per cent, as against Rs 46,090 crore in the year-ago period. This was above ET Now poll estimate of Rs 62,500 crore.
- The margins for the quarter increased to 15.5 per cent as against 12.3 per cent YoY.
- Its subsidiary reported stunning set of numbers, especially on the margins front.
INDIAN MARKET
INDEX
|
CLOSE
|
CHANGE
|
% CHANGE
|
SENSEX
|
20334.27
|
-42.29
|
-0.21
|
NIFTY
|
6053.45
|
-9.75
|
-0.16
|
BANK NIFTY
|
10213.90
|
-49.30
|
-0.48
|
Research Via provides stock cash tips, Free equity tips, free share tips, stock futures tips, Free Stock Future tips , MCX commodity tips, NCDEX tips, commodity updates ,MCX silver tips, I Forex tips, forex tips , Bullions tips, bullion tips, comex gold trading tips, nifty updates, Nifty futures tips, Nifty Future tips, equity trading tips
No comments:
Post a Comment