*Stocks in the news: TCS, Axis Bank, KEC International, IDBI Bank, HFCL, PNB Housing:,
Hi, Steemit friends
Today I discus about Stock Market :
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*TCS : Net profit up 6.3 percent at Rs. 7,340 crore versus Rs 6,904 crore; revenue up 6.8 percent at Rs 34,261 crore versus Rs 32,075 crore (QoQ). Constant currency revenue growth at 4.1 percent and Dollar revenue up 1.6 percent at $5,051 million.
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*Axis Bank :Board recommends names of 3 candidates for the position of MD & CEO. The candidate, as approved by the RBI, will succeed Shikha Sharma whose term as MD & CEO is due to expire on December 31, 2018.
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*KEC International :Company wins new orders worth Rs. 1, 357 crore.
*IDBI Bank :LIC-IDBI Bank deal may trigger an open offer. LIC has not approached SEBI yet for an exemption on open offer. Preferential allotment of shares to LIC may also be possible, reports CNBC-TV18 quoting government official.
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*HFCL :bags order worth Rs 583 crore from BBNL
Indiabulls Housing bought back NCDs of face value Rs 10 lakh
*PNB Housing :PNB & Carlyle Group to sell at least 51 percent stake in company to potential acquirers. PNB owns 32.79 percent & Carlyle Group 32.36 percent in the company.
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UniqueBoyDK
@earn-with-dk
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