Stocks On Focus
Polycab Management on Concall says - " 1700 cr cash will be used towards - - Capex - 400 cr run rate should continue. - Discussions with BCG & internally for identifying new opportunities to get better returns - M&A opportunity – scouting for opportunities"
Vascon Engineers signs its 1st Redevelopment Project in Mumbai. Company expects to complete project in 3 yrs & generate rev of Rs 225 cr.
Positive for reliance : August Telecom data indicates: -Rel Jio adds most number of subscribers for the 5th month in a row - Rel Jio Net Added 32.8 Lakh Users In August Vs 29.5 Lakh Added In July.
FILATEX INDIA : BOARD MEET ON NOV 8 , TO CONSIDER TO STOCK SPLIT.
ORACLE FINANCIAL Q2 : CONS. NET PROFIT DOWN 19 % AT 397 CR (QOQ) , DOWN 11 % (YOY). REVENUE DOWN 2 % AT 1376 CR (QOQ) , UP 7.5 % (YOY). EBIT DOWN 15 % AT 545 CR (QOQ) , UP 21 % (YOY). MARGINS AT 39.2 % V 45.2 % (QOQ) ,47.1 % (YOY).
