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 www.marketmagnify.com/stock-cash-power.php

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.

Equity Trading Tips with Tata Steel Stock Price

Buy Equity Tips from www.marketmagnify.com/stock-cash-tips.php

Tata Steel due to begin formal UK sale process

Tata Steel is due on Monday to begin the formal sale process for its loss-making British units which employ 15,000 people, a source close to the company said. 

Tata, one of the world's biggest steelmakers, said on March 30 it was putting its British assets up for sale, citing a global oversupply of steel, high costs, weak domestic demand and a volatile currency.

Tata Steel Stock Price

On April 11, 2016, at 13:36 hrs Tata Steel was quoting at Rs 328.10, up Rs 5.85, or 1.82 percent. The 52-week high of the share was Rs 384.20 and the 52-week low was Rs 200.00. 

The company's trailing 12-month (TTM) EPS was at Rs 51.88 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 6.32. The latest book value of the company is Rs 686.39 per share. At current value, the price-to-book value of the company is 0.48.

South Indian Bank Stock Views with Stock Premium Tips

For Stock Premium Tips, visit

www.marketmagnify.com/premium-stock-tips.php

South Indian Bank sets overnight MCLR rates at 9.50% 

South Indian Bank declared its marginal cost of funds based lending rate (MCLR) for one year at 10 per cent. As per RBI guidelines, the bank has approved MCLR for all Rupee loans sanctioned with effect from April 1st 2016. 

The bank has declared MCLR other tenors — overnight (9.50 per cent), one month (9.55 per cent), three months (9.60 per cent) and six months (9.75 per cent).

Stock View:

South Indian Bank Ltd ended at Rs. 18.25, up by Rs. 0.65 or 3.69% from its previous closing of Rs. 17.6 on the BSE.

The stock traded above its 200 DMA.

Indian Bank Stock Price with Stock Premium Tips

For Stock Premium Tips, visit www.marketmagnify.com/premium-stock-tips.php

Indian Bank revises interest rates 

For FCNR (B) deposits, in USD, the revised interest rate has been fixed at 1.75 percent for deposits of one year and above, but less than two years from the existing 1.74 percent, a bank statement said.

Indian Bank Stock Price: 

On April 01, 2016, Indian Bank closed at Rs 104.15, down Rs 0.55, or 0.53 percent. The 52-week high of the share was Rs 177.00 and the 52-week low was Rs 76.00. 

The company's trailing 12-month (TTM) EPS was at Rs 17.34 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 6.01. The latest book value of the company is Rs 261.46 per share. At current value, the price-to-book value of the company is 0.40.

Stock Cash Premium Service with SBI Stock Price

Visit

www.marketmagnify.com/stock-cash-power.php

& Get Free Trial Right Now

RBI call rings: SBI announces rates based on marginal cost   

State-run lender SBI today announced a move towards marginal cost of funds based lending rates (MCLR), with effect from April 1, 2016, in line with a Reserve Bank policy that called for a shift to the new regime. 

As per the new mechanism, SBI said its MCLR would range from 8.95 percent to 9.35 percent for loans of different tenors, ranging from overnight to three years .

SBI Stock Price

On March 30, 2016, State Bank of India closed at Rs 197.55, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 305.00 and the 52-week low was Rs 148.30. 

The company's trailing 12-month (TTM) EPS was at Rs 16.01 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 12.34. The latest book value of the company is Rs 165.49 per share. At current value, the price-to-book value of the company is 1.19.