Market Analysis
Indian Stocks had traded lower on June 18, led by IT and finance stocks. Sensex up by 21.12 points to 52,344.45. The Nifty down by 8.05 points to 15,683.35.
Rupee opens flat at 74.10 per dollar, Rupee falls to lowest level in nearly 2 months against US dollar.
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Eveready Industries: Consolidated net loss at Rs 442.5 crore against profit of Rs 63.1 crore (YoY). Consolidated revenue was up 21.7 percent at Rs 272.6 crore against Rs 224.1 crore (YoY).
Fertilisers and Chemicals Travancore: The company has reported consolidated Q4 net profit at Rs 149.7 crore versus Rs 66.5 crore and revenue was up 15.9% a Rs 821.2 crore against Rs 708.5 crore (YoY).
Nazara Technologies: The company planning to invest in Arrakis Tanitim Organizasyon Pazarlama San Tic Ltd Sti (Publishme), the largest mobile game publishing agency in the Middle East and Turkey. Nureca will invest around Rs 20 crore to acquire a 69.82 percent stake by way of primary and secondary transaction through its subsidiary.
Jammu and Kashmir Bank: The state-owned lender reported a net profit of nearly Rs 316 crore for the January-March period, and said it was its highest quarterly profit since March 2014. For the corresponding period a year ago, the lender had posted a net loss of Rs 294.10 crore.