MIRC Electronics reported subdued quarter for Q3FY18 due to declining revenues. The margins over the quarter also weakened further due to high raw material costs.

EBITDA for the quarter rose by 35.6 per cent yoy to Rs. 28.51 crore with a corresponding margin contraction of 110 bps. EBITDA margin for the quarter stood at 10.5 per cent. This margin contraction was led by jump in power and fuel expenses and cost of materials by 46.3 per cent yoy and 13.7 per cent yoy, respectively.

In the near future, Indian paper manufacturers are expected to feel the blow of the hiked imported pulp prices. Of-late, imported pulp prices have peaked to 7 year highs and are expected to remain higher for some period. 

You need to tactfully keep on booking profit and rebalance your portfolio to minimise LTCG burden.

IT company Vakrangee hit its upper circuit on the bourses on Monday for the second consecutive trade session as the company announced its capital allocation policy, also announcing that it is a debt free company. 

Bank Nifty index surged nearly 0.9 per cent, outpacing the benchmark indices, though marginally. The level of 25370 followed by 25150-25025 will act as major supports for the index.

Generics pharma giant Lupin announced the launch of Oseltamivir Phosphate Capsules in the US market. The drugmaker had earlier received USFDA approval for the same.

J Kumar Infraprojects' standalone revenue for the quarter came in at Rs. 457.16 crore, registering 23.9 per cent yoy increase.

The PAT for the quarter came in at Rs. 14.89 crore, yoy increase of 160.8 per cent. This was due to sharp jump in other income from Rs. 0.79 crore to Rs. 2.7 crore. Also, decline in interest expenses by 35 per cent yoy aided to bottomline growth.

The PAT for the quarter came in at Rs. 74.92 crore, yoy increase of 10 per cent. This was due to decline in effective tax rate from 5 to 3 per cent in Q3FY18.