15th Feb,2012,Wednesday
Great Offshore
Great Offshore has surged 13% to Rs 121 after reporting almost five-fold jump in net profit at Rs 8.29 reported a net profit of Rs 1.83 crore in a year ago quarter.
The company’s total operational income grew 16% at Rs 230 crore, while the total expenditure declined 0.59% at Rs 167 crore on year-on-year basis. The operating profit margins improved to 53.24% from 39.49% and net profit margins to 4.12% from 0.94% during the recently concluded quarter.
A combined 908,861 shares have already changed hands on the counter so far, against an average around 500,000 shares that were traded daily in past two weeks on both the exchanges.
Tata Motors
A combined around one million shares have changed hands on the counter in opening deals on the NSE and BSE.
Great Offshore
Great Offshore has surged 13% to Rs 121 after reporting almost five-fold jump in net profit at Rs 8.29 reported a net profit of Rs 1.83 crore in a year ago quarter.
The company’s total operational income grew 16% at Rs 230 crore, while the total expenditure declined 0.59% at Rs 167 crore on year-on-year basis. The operating profit margins improved to 53.24% from 39.49% and net profit margins to 4.12% from 0.94% during the recently concluded quarter.
A combined 908,861 shares have already changed hands on the counter so far, against an average around 500,000 shares that were traded daily in past two weeks on both the exchanges.
Tata Motors
Tata Motors has rallied 7% to Rs 286 on reporting 41% year-on-year (yoy) jump in consolidated net profit at Rs 3,405 crore for the quarter ended December 2011 on the back of better performance by British division Jaguar Land Rover (JLR). The company's consolidated revenues grew 44% at Rs 45,260 crore on y-o-y basis.
“The improvement in profit is largely because of the significant improvement in performance by JLR, where a richer product and volume mix and favourable exchange rates have helped operations,” said C Ramakrishnan, chief financial officer, Tata Motors.
“The improvement in profit is largely because of the significant improvement in performance by JLR, where a richer product and volume mix and favourable exchange rates have helped operations,” said C Ramakrishnan, chief financial officer, Tata Motors.
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