TOP CORPORATE NEWS - 22 NOV 2016

IRB Infra report weak Q2 earnings

IRB Infrastructure Developers has announced the following Q2 results for the quarter ended September 30, 2016 (YoY):

Standalone (YoY)

The Company has posted a net profit of Rs8.13 crore Vs Rs19.81 crore.

Total Income has to Rs756.56 crore Vs Rs675.09 crore.

Tata Motors, DIMO introduces new world class commercial vehicles

Tata Motors along with its Sri Lankan partner, Diesel & Motor Engineering PLC (DIMO), have launched a new world-class sales, Service & Spares facility catering to the company’s range of commercial vehicles in Kurunegala district, Sri Lanka.

The new facility is the largest integrated Tata Motors commercial vehicles dealership in the country, with a wide display area, for Tata Motors entire range of trucks & buses and would enable Tata Motors to boost sales.

Brigade ink pacts with Microsoft, Intel

Brigade Enterprises, one of the leading real estate developer in India has said that it has recently launched the country’s first real estate focused accelerator program. The accelerator will mentor startups whose products or services can be used in the real estate industry across various domains be it Residential, Office, Retail or Hospitality.

Brigade REAP will be a Microsoft Partner Accelerator. Microsoft Accelerator is a global initiative empowering entrepreneurs around the world on their journey to build great companies.

Sobha Q2 consolidated net profit at Rs38 cr

Sobha has announced the following Q2 results for the quarter ended September 30, 2016 (YoY):

Standalone (YoY)

The Company has posted a net profit of Rs35.30 crore Vs Rs31.80 crore.

Total Income increased to Rs536.90 crore Vs Rs498.50 crore.

L&T Construction wins orders worth Rs1926 cr

The construction arm of L&T won orders worth Rs1926 crore across its business segments; positive for L&T

Power T&D – Rs571 crore

Building & Factories – Rs514 crore

Water – Rs397 crore

Metallurgical- Rs298 crore

Civil Infra – Rs146 crore

Get real time advice for  Intraday Trading Tips , Intraday Market Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips  , Equity Tips  and all Maket Updates From Capitalstars .


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647