Monday, 23 May 2016

Today's Stocks In News

Share prices of Ujaas Energy rose 16 percent intraday Monday on the back of strong fourth quarter numbers declared by the company. For more information visit
The company's Q4 net profit was up 76.9 percent at Rs 13.8 crore versus Rs 7.8 crore, in the same quarter last fiscal.
           The total income of the company has increased by 234 percent at Rs 167 crore versus Rs 50 crore. The EBITDA was up at Rs 30 crore versus Rs 15.9 crore, while EBITDA margin was down 1380 bps at 18 percent versus 31.8 percent.

         The company has approved the fund raising through FPO/ADR/GDR/QIP in its meeting held on May 21, 2016.
Equity benchmarks rebounded sharply on Monday morning with the Sensex rising 180.90 points to 25482.80. 
     The Nifty reclaimed 7800 level, up 64.25 points or 0.83 percent at 7813.95.

       ITC topped buying list on Sensex, up more than 6 percent after brokerages turned upbeat on the stock post quarterly earnings. Citi has upgraded the stock to buy from neutral and raised target price to Rs 390 from Rs 335.

          Tata Power gained 1.5 percent ahead of March quarter earnings. Adani Ports, ICICI Bank, HUL, SBI, Hindalco and Aurobindo Pharma were other early gainers while HDFC, Lupin, NTPC and GAIL were losers.

       The Indian rupee gained in the early trade today. It has opened higher by 14 paise at 67.30 per dollar against 67.44 Friday.


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