Tag Archives: vishnoi
Sterlite gains after Jan-March earnings beat street estimates
MUMBAI (Reuters) – Shares in Sterlite Industries (India) Ltd rose 2.4 percent in early morning trade after its January-March profit beat consensus estimates by a wide margin. Sterlite Industries March-quarter profit rose by 50.74 percent to 19.25 billion rupees versus a consensus forecast of 13.60 billion rupees. (Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi) Continue reading
Cadila falls on earnings, broker downgrades
MUMBAI (Reuters) – Cadila Healthcare shares fell as much as 8.9 percent after October-December earnings disappointed on Friday, followed by broker downgrades. Cadila said its December quarter net profit fell by 30.9 percent to 1.03 billion rupees. Credit Suisse downgraded the stock to “neutral” from “outperform”, citing delay in contribution from higher margin products. Continue reading
SBI falls on worries Q1 earnings will disappoint
MUMBAI (Reuters) – Shares in State Bank of India fell as much as 4.3 percent and headed towards their biggest single day percentage fall since June 16, on worries the country's biggest lender would post disappointing earnings on Friday. Continue reading
