Cyient Q1 consolidated net profit at Rs74 cr
Cyient has announced the following Q1 Unaudited results for the quarter ended June 30, 2016 (YoY):
Standalone
For the Quarter ended June 30, 2016
Net Profit fell by 41.37% to Rs41.43 crore Vs Rs70.66 crore.
Total Income decreased by 14.65% to Rs320.12 crore Vs Rs375.10 crore.
Carborundum surges as HNIs buy shares via open market
Carborundum Universal gained nearly 12%, touching to Rs257.6, after high net worth individuals (HNIs) including Nemish Shah bought equity shares of the company through the open market.
On Wednesday, July 13, 2016, Nemish Shantilal Shah HUF had purchased 1.5 million shares of Carborundum Universal at an average price of Rs230.25 per share, the BSE bulk deal data shows.
Max India starts trading on BSE and NSE; hits lower circuit
Max India shares listed and started trading on the BSE and NSE from today (14 July 2016); it would house healthcare business including hospitals and health insurance.
Max India (formerly Taurus Ventures Limited) is locked in lower circuit of 5% at Rs171, after opening at Rs180 on the National Stock Exchange (NSE).
On the BSE, the stock locked lower circuit at Rs185, after opening at Rs195.
Network 18 Media posts weak Q1FY2017 results
Network 18 Media Q1FY2017 – weak results driven by lower revenues and aggressive investments in upgrading its news and digital properties
Network 18 reported loss of Rs49.7 crore as against net profit of Rs42.8 crore in Q1FY2016 on account of a decline in revenues by 14.5% and aggressive investments in TV18 Broadcast (rebranding and relaunch of news channels) and upgradation of its digital properties.
June WPI Inflation at 1.62% Vs 0.79% (MoM)
Wholesale price index (WPI) inflation increased to 1.62% in June against 0.79% in May, which was higher than forecast of 1.15%
Key Points:
June WPI Inflation at 1.62% Vs 0.79% (MoM)
Primary Articles Index up 2.9% MoM
Food Articles Index up 2.9% MoM
Non-food Articles Index up 2.1% MoM
Minerals Group Index up 6.9% MoM
Fuel & Power Index up 3.4% MoM
Manufactured Products Index up 0.2% MoM
Food Products Index up 0.9% MoM
Primary Articles Inflation at 5.5% Vs 4.55% (MoM)
Food Articles Inflation at 8.18% Vs 7.88% (MoM)
Vegetable Inflation at 16.91% Vs 12.94% (MoM)
Pulses Inflation at 26.61% Vs 35.56% (MoM)
Cereals Inflation at 6.32% Vs 4.60% (MoM)
Fruits Inflation at 5.97% Vs 3.80% (MoM)
Fuel Inflation at -3.62% Vs -6.14% (MoM)
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