Monday 18 August 2014

Videocon Industries gains despite reporting 4% fall in Q1 net profit

     Videocon Industries, established two decades ago, is a global conglomerate. Videocon's businesses consist of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.
     Videocon Industries has reported results for first quarter ended June 30,2014. The company's net profit has declined by 3.86% at Rs 10.22 crore as compared to Rs 10.63 crore for the quarter ended June 30, 2013. However, its total income has increased by 2.07% to Rs 3352.05 crore for the quarter under review from Rs 3283.92 crore for the corresponding quarter of the previous year.
     The promoters holding in the company stood at 68.82% while Institutions and Non-Institutions held 11.80% and 11.30% respectively.
     The BSE group'A' stock of face value Rs 10 has touched a 52 week high of Rs 211.05 on 10-Jun-2014 and a 52 week low of Rs 153.00 on 09-Dec-2013.
     Current stock price is Rs 170.95, up by 5.55 points from its previous closing of Rs 165.40 on the BSE.

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