Broker Gradings Welcome

In an interesting development that would help retail investors, large brokerage houses are seeking a formal grading process, say media reports. As with everything else, the efficacy of the grading would depend on the methodology adopted and the scope of the process. From the brokers’ perspective, this will allow stock exchanges and banks to grant trading limits or finance, based on objective...

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GMR Infrastructure Q4 net profit declines sharply on lower revenues
GMR Infrastructure Ltd reported a fall in fourth quarter net profit on sharp decline in total revenues, however on a consolidated basis; the company's net profit and total revenues were up.

For the quarter to end-March, the infrastructure company's net profit declined to Rs93.2 million from Rs373.6 million while total revenues fell to Rs288.6 million from Rs644.4 million, same...

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Continuing Gains

Axis Bank zoomed by 18%, Punjab National Bank shot up 20% and Shree Renuka Sugars jumped by 15%; Petronet gained on the back of its ambitious plans

Gainers: Petronet LNG has tied up with Gorgon Project, Australia, for the supply of 1.5 million tonnes of fuel annually for the next 20 years starting 2014. Petronet will import this fuel at its Kochi terminal which is under construction. After...

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