Thursday 22 January 2015

Stocks in News

Biocon Ltd: 

     Biotech firm reported a 13 per cent dip in net profit for October-December quarter at Rs 91 crore and said it will sell 10-15 per cent stake in its research services arm Syngene. 

Emami Ltd: 

     FMCG major Emami on Thursday said it has acquired a controlling stake of 66.67% in Australia-based Fravin Pty Ltd along with its three subsidiaries, said media reports. 

Muthoot Finance Ltd:

     Kerala-headquartered Muthoot Finance Ltd today reported a dip in its net profit for the third quarter ended December 31, 2014 at Rs 154 crore. 

Cairn India Ltd: 

     Cairn India on Thursday reported a 53 per cent drop in December quarter net profit, crimped by the slump in global oil prices and drop in production. 

Polaris Consulting and Services: 

     Formerly known as Polaris Financial Technology reported a net profit of Rs 39.25 crore for the quarter ended December 31, 2014. The company had posted a net profit of Rs 50.75 crore in the corresponding period of the last year, Polaris said in a statement. 

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