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Edelweiss MF declares dividend for Liquid Fund

by admin on July 29, 2010

in Mutual Fund Dividend

Edelweiss Mutual Fund has declared daily dividend under retail and institutional dividend option of Edelweiss Liquid Fund. The amount of dividend declared for July 27, 2010 is Rs 0.00103500 per unit for both individual/HUF and others under retail plan. Under institutional plan, the amount of dividend declared is Rs 0.00103400 per unit for both individual/HUF [...]

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Sun Pharma net profit more than doubles up to Rs 322.63 crore for Q1

by admin on July 29, 2010

in Company Annoucements

Sun Pharmaceutical Industries has announced the unaudited results for the quarter ended June 30, 2010. The Company has posted a surge of 165.51% in net profit after tax of Rs 322.63 crore for the quarter ended June 30, 2010 as compared to Rs 121.51 crore for the quarter ended June 30, 2009. Total Income has [...]

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HDFC Bank to hike deposit rates, others to follow

by admin Stock-News

One day after the Credit Policy, banks have started pushing up deposit rates. HDFC Bank was the first of the block raising deposit rates from 25 to 50 basis points, reports CNBC-TV18. Central Bank of India will hike deposit rates by 25-50 bps from August. Sources at Axis Bank said they too should be shortly [...]

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GIC Housing Finance gains on higher Q1 bottom line

by admin Stock-News

GIC Housing Finance gained 2.51% to Rs 122.60 at 13:20 IST on BSE, after net profit rose 14.63% to Rs 19.35 crore on 0.22% increase in total income to Rs 78.02 crore in Q1 June 2010 over Q1 June 2009. The company declared its results during trading hours today, 27 July 2010. Meanwhile, the BSE [...]

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Titan Inds Q1 net up on robust retail growth

by admin Stock-News

“We have witnessed a strong retail growth across all our brands and retail chains,” Bhaskar Bhat, managing director, said. The firm currently has 568 retail outlets across all its business segments which include watches, jewellery and eyewear. Watch and jewellery maker Titan Industries Ltd on Tuesday posted robust first-quarter numbers on the back of a [...]

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Reliance Inds Q1 net up 32% on higher gas output

by admin Stock-News

Energy group Reliance Industries posted a 32% rise in fiscal first-quarter profit, slightly better-than-expected, helped by higher gas output from its fields off India’s east coast and improved refining margins. The company posted April-June net profit of Rs4,851 crore versus Rs3,666 crore a year earlier India’s largest listed conglomerate, controlled by billionaire Mukesh Ambani and [...]

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Thermax –Hold- Sharekhan

by admin Broker tips

Thermax’ Q1FY2011 results were above our expectations on almost all fronts due to a strong growth in its top line. The net income from the operations increased by 49% year-on-year (y-o-y) to Rs778.8 crore against our expectation of Rs634.2 crore due to a robust growth in both the energy and the environment division. The environment [...]

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Tata MF declares dividend for Dividend Yield Fund

by admin Mutual Fund Dividend

Tata Mutual Fund has declared dividend under the dividend option of Tata Dividend Yield Fund, an open ended equity fund. The amount of dividend declared will be Rs 2 per unit, subject to availability and adequacy of distributable surplus on the record date. The record date for dividend has been fixed as July 23, 2010. [...]

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Revision of exit load for Canara Robeco Floating Rate Fund

by admin Mutualfund News

Canara Robeco Mutual Fund has announced the revision of exit load structure for its Canara Robeco Floating Rate Fund. The changes will be effective from July 19, 2010. As per these changes, the exit load which remained nil for the scheme has been revised to 0.25% of the applicable Net Asset Value (NAV), if the [...]

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BASF India –Hold- Sharekhan

by admin Broker tips

BASF India’s stand-alone Q1FY2011 net profit came in at Rs48.9 crore, up 19% year-on-year (y-o-y). However the results are not strictly comparable due to consolidation of the financials of Ciba India. The net sales for the quarter were up by 72.7% y-o-y to Rs659.84 crore, driven by a 1.6x year-on-year (y-o-y) rise in the revenue [...]

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