Index Trends And Stocks In Action May 05, 2015
The Indian equity market resumed its course of action with a bang after a truncated week! As nifty reclaimed magical figure of 8300 as index bounced back sharply from its long term support of 200-day EMA. The Oil & Gas and Pharma Stocks were the major gainers and select heavyweight from Auto and IT pack lifted the sentiments. On the daily chart the index has formed a positive candlestick pattern along with thin volumes, suggests the confidence in the rally is not of great importance. Now going forward key hurdle for the bulls is around 8455 and 8520 as long as the index trades below this level trend will be in favor of the bear’s. On downside 8280 and 8220 is a key support area for the bulls.
Mangalam Cement net profit drops 64% at Rs 2.7 crore in Q4 FY15 against Rs 7.7 crore in the same period last quarter. During the period under review, the company's total Income stood at Rs 238.7 crore Vs Rs. 218.4 crore (YoY). The company has recommended dividend of Rs 2 per share for the year ended March 31, 2015.
V-Guard reported a marginal 2% decline in net profit for the March quarter at Rs 20.07 crore on higher tax outgo. Net revenue from operations during the quarter rose 4.5% to Rs 441.60 crore. For the full fiscal 2015, the company reported a flat net income at Rs 70.72 crore as against Rs 70.13 crore a year-ago, while its revenue rose 15% to Rs 1,745.92 crore.
SKS Microfinance has witnessed a 49.5% increase in its net profit to Rs 40.53 crore for the fourth quarter ended March 2015, as compared with Rs 27.11 crore in the corresponding quarter of the previous year. Its total income stood at Rs 226.2 crore, during the quarter under review, as against Rs 147.37 crore, reflecting a growth of 53.49%. For the full year ended March 2015, it reported a profit after tax of Rs 187.66 crore, as against Rs 69.85 crore, up 168.66%. Its total income grew 47.38% to touch Rs 803 crore in the year ended March 2015, as compared with Rs 544.83 crore during the same period a year ago.