The PAT for the quarter came in at Rs. 35.9 crore, yoy decline of 73.2 per cent. This was due to one-time gain of Rs. 129 crore in the corresponding quarter of last year. On QoQ basis, net profit declined marginally by 3.1 per cent. 

The company reported strong earnings led by robust performance of steering business. The company has seen strong demand for both steering and die-cast products from Indian customers.

PVR Limited on Wednesday announced opening a 4 screens multiplex at Garuda Mall in Mysuru. With the opening of this multiplex, the company now crossed 160 screens mark in Southern India. 

Bharti Infratel, the mobile tower arm of telecom bellwether Bharti Airtel,  on Wednesday said that it has received clearance from the stock exchanges for its merger with Indus Towers.  

During Q1FY19, the company won new orders worth Rs. 36,142 crore at the group level, recording a growth of 37 per cent, with pick-up in domestic ordering activity during the quarter.

For the mid-cap and small-cap indices, the year 2018 has not been as pleasant as we would like it to be. The boarder market indices Nifty Midcap 100 and Nifty Smallcap 100 have taken a major beating this year. These indices have fallen by 13% and 21%, respectively in the last six months.

The most awaited IPO of this month, HDFC Asset Management Company Limited was subscribed 61 per cent on the first day of its opening at 14:45 hours. The anchor portion of the IPO was picked up by 35 Anchor Investors at Rs. 1,100 per share. 

Following stocks are close to their 52-week low as at 12.59 p.m. on July 25, 2018.

The Company’s long-term rating has been revised by ICRA from A- (Positive outlook) to A (Stable Outlook) and the short-term rating has been revised from A2+(A two plus) to A1 (A one).  

The markets on July 25, 2018 opened gap up. BSE Sensex is trading at 36,918.39, up by 93.29 points and the Nifty is trading at 11,150.85, up by 16.55 points.