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Thursday, October 16, 2014

Equity Tips
Jay Bharat Maruti surges 10% second straight day post Q2 results
Jay Bharat Maruti has locked in upper circuit of 10% at Rs 149, extending its previous day’s 11% rally, after reported a strong 62% year-on-year (yoy) jump in net profit at Rs 12.24 crore for the quarter ended September 2014 (Q2). The auto parts and equipment maker had profit of Rs 7.54 crore during the same quarter previous year.

UltraTech Cement falls 5% on heavy volumes

Shares of the country’s largest cement manufacture UltraTech Cement have dipped 5% to Rs 2,346 on National Stock Exchange (NSE).

Fund raising via rights issue up 29% to Rs 2,800 cr in H1 FY14
Fund raising by Indian companies through issuing 'rights' shares surged by 29% to about Rs 2,800 crore in the first six months of the current fiscal (2014-15) amid positive market sentiment.

Somany Ceramics soars on robust Q2 results
Somany Ceramics has soared 17% to Rs 364 on National Stock Exchange after reporting a robust 68% year-on-year (yoy) jump in net profit at Rs 10.50 crore for the quarter ended September 2014 (Q2). The company engaged in ceramic tiles and allied products business had profit of Rs 6.25 crore in previous year quarter.     

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