The share price of Dhunseri Investments was locked in 20 percent upper circuit on December 5 after the company reported strong earnings in the September quarter.The stock was quoting at Rs 250.85, up 20 percent, and there were pending buy orders of 1,089 shares, with no sellers available on the BSE at 1457 hours.The company’s net profit during the quarter ended September jumped to Rs 11.27 crore against Rs 4.97 crore in the same period last year due to nil tax expenses (against 0.31 crore YoY) and changes in fair value of investments routed through P&L.Close Consolidated profit from continuing operations during the quarter jumped to Rs 26.4 crore from Rs 5.14 crore YoY. related news D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating Andhra Bank share price falls 3% after RBI imposes Rs 25 lakh penalty Dhunseri Investments is an investment company registered with the Reserve Bank of … [Read more...] about Dhunseri Investments share price locked in 20% upper circuit after strong September quarter
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Shares of Gati plunged five percent and Allcargo Logistics added four percent in the early trade on December 6 after the later acquired majority stake in the courier company.Allcargo Logistics will acquire 1.04 crore shares of Gati at Rs 75 per share and has made an open offer for 26 percent stake at Rs 75 per share.The Allcargo board has approved the share purchase agreement between the company and promoter for acquisition up to 1,03,85,332 equity shares at a price of Rs 75 per equity share and to acquire the preferential issue of 1,33,33,340 equity shares of Gati at Rs 75 per share.Close The company has also made an open offer to acquire up to 3,17,42,615 equity shares of Gati, representing 26 percent stake, at Rs 75 per share, aggregating to Rs 238 crore. related news D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating Andhra Bank share price falls 3% after RBI … [Read more...] about Gati share price dips 5% on Allcargo majority stake buy
VST Tillers Tractors share price fell 2 percent intraday on December 6 after the company reported weak sales in November.The company’s tractor sales were down 10 percent at 568 units against 628 units, while it sold 1,238 power tillers in the month compared to 2,108 units sold, YoY.On month-on-month basis, the company's tractor sales were down 50 percent from 857 units, while power tillers sales were up 12 percent from 1,104 units.Close The share touched its 52-week high of Rs 1,648 and 52-week low Rs 901.05 on February 8, 2019 and August 6, 2019, respectively. related news D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating Andhra Bank share price falls 3% after RBI imposes Rs 25 lakh penalty The stock is trading 34.09 percent below its 52-week high and 20.54 percent above its 52-week low.At 1128 hours, VST Tillers Tractors was quoting at Rs 1,086.15, down Rs 7.75, or 0.71 … [Read more...] about VST Tillers Tractors share price slips 2% on weak November data
In this special episode of Moneycontrol's Tech Mate podcast, Corporate Bureau Chief Prince Thomas talks to Tarun Bhatia, MD and Head of South Asia for Business Intelligence and Investigations at Kroll, to understand the motive behind people committing fraud.One of the primary reasons in India, according to Bhatia, is the dissatisfaction of employee at the workplace, and how he/she is treated by a manager, or peer.Close There are several other factors such as greed and position of power that motivate fraud in companies, and some even commit a fraud without really intending to do it. related news The Market Podcast | Red flags on D-Street; investors getting into risk aversion mode Corporate Buzz podcast | Birla warns Vodafone Idea may shut; relief for Yes Bank; auto sales and more Taking Stock: RBI shock hits D-St for second day; Nifty holds 11,900 Tune in to this episode of this special Tech Mate podcast to find out more.You can listen to the previous episode … [Read more...] about MC Special podcast | Greed, revenge or power play: What is the motive behind frauds?