Coffee Day Enterprises (CDEL) debuts on the secondary equity market today, 2 November 2015. The company had priced the initial public offer (IPO) at the top end of the Rs 316 to Rs 328 per share price band for the IPO. The IPO closed on 16 October 2015.
Mahindra & Mahindra (M&M) said on Sunday, 1 November 2015 that total auto sales rose 20% to 51,383 units in October 2015 over October 2014. Domestic sales rose 21% to 48,815 units in October 2015 over October 2014. Exports rose 3% to 2,568 units in October 2015 over October 2014.
Separately, the company said on Sunday, 1 November 2015, total tractor sales fell 12% to 28,081 units in October 2015 over October 2014. Domestic tractor sales dropped 11% to 27,280 units in October 2015 over October 2014. Exports dropped 28% to 801 units in October 2015 over October 2014.
Tata Motors said on Sunday, 1 November 2015, that it continued to witness strong growth in certain key segments in October 2015 over October 2015. Total sale of Tata Motors passenger and commercial vehicles rose 1% at 43,486 vehicles, in October 2015 over October 2014. The domestic sale of Tata commercial and passenger vehicles remained flat at 38,917 units in October 2015 over October 2014. Tata Motors passenger vehicles recorded a growth of 11% to 12,798 units in October 2015 over October 2014. In commercial vehicles, M&HCV sales rose 20% at 12,504 units in October 2015 over October 2014. The Light & Small Commercial Vehicle sales however continued to reflect industry decline and fell 19% at 13,615 units in October 2015 over October 2014. These impacted the overall commercial vehicles sales for Tata Motors in the domestic market with sales falling 4% at 26,119 units in October 2015 over October 2014. The company's sales from exports rose 13% at 4,569 units in October 2015 over October 2014.
Coal India announced before market hours today, 2 November 2013, that the company and its subsidiaries achieved 95% of targeted coal production at 44.37 million tonnes in October 2015. The company achieved 100% of targeted offtake at 44.41 million tonnes in October 2015.
L&T may extend post-result slide after the company's management in a post earnings conference call reduced the company's order inflow guidance to around 5-7% for the current financial year as compared to earlier guidance of around 15%. Revenue growth guidance was also reduced to around 12.5% against earlier of around 15%. Lower commodity prices, weakening currency, lower demand worldwide and execution challenges were the major reasons for the reduction in guidance. The L&T management expects a significant pick up in business opportunities to happen only in the year ending 31 March 2017 (FY 2017). The L&T stock price lost 4.1% to settle at Rs 1,411.15 on BSE on Friday, 30 October 2015, after the company's Q2 September 2015 results disappointed investors.
Reliance Communications said that its board will meet on 2 November 2015, to consider a scheme of arrangement for demerger of telecom business undertaking of Sistema Shyam Teleservices into the company. The announcement was made on Saturday, 31 October 2015.
Also Read
GlaxoSmithKline Pharmaceuticals' net profit fell 25.35% to Rs 96.05 crore on 6.52% decline in total income to Rs 731.43 crore in Q2 September 2015 over Q2 September 2014. The result was announced on Saturday, 31 October 2015.
On a consolidated basis, Cox & Kings reported net profit of Rs 118.24 crore in Q2 September 2015 compared with net loss of Rs 94.22 crore in Q2 September 2014. Total income fell 21.62% to Rs 6903.65 crore in Q2 September 2015 over Q2 September 2014.
Given the seasonal nature of the company's business and owing to sale of the company's camping division on 11 September 2014, the figures of Q2 September 2015 are not comparable to figures of Q2 September 2014. The result was announced on Saturday, 31 October 2015.
On a consolidated basis, IDFC reported net loss of Rs 1468.83 crore in Q2 September 2015 compared with net profit of Rs 421.40 crore in Q2 September 2014. Total income rose 1.01% to Rs 2512.90 crore in Q2 September 2015 over Q2 September 2014. IDFC's gross loan book decreased by 15% to Rs 46889 crore as on 30 September 2015 from Rs 54851 crore as on 30 September 2014. The result was announced on Saturday, 31 October 2015.
Divi's Laboratories' net profit rose 28.78% to Rs 295.73 crore on 17.12% increase in total income to Rs 993.96 crore in Q2 September 2015 over Q2 September 2014. Forex gain amounted to Rs 12 crore in Q2 September 2015 as against a gain of Rs 4 crore in Q2 September 2014. The result was announced on Saturday, 31 October 2015.
Powered by Capital Market - Live News