Mangalam Cement Ltd board recommends dividend of Rs 1 50
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Mangalam Cement standalone net profit rises 134 54% in the March 2021 quarter
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Ahead of Market: 12 things that will decide stock action on Wednesday
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Overall, market breadth remained in favour of bulls. As many as 186 stocks on the BSE 500 index settled the day in green, while 312 settled the day in red.
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NEW DELHI: Nifty opened above the crucial 15,000 mark and held the levels despite a volatile trade as the headline index formed a small bullish candle with a long lower shadow on the daily chart.
Rohit Singre, Senior Technical Analyst at LKP Securities, said, Nifty managed to crossed the 15,100 zone decisively which acted as a strong hurdle previously. We may see some more positive move going forward if it manages to sustain above the 15,100 zone on an immediate basis. Nifty has a strong support at the 15K mark and hurdle zone for Nifty is coming near 15,170-15,250 zone.
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NEW DELHI: At least 10 smallcap and midcap companies have seen expansion in profit margins for four straight quarters now. For some of them, the margin expansion came despite a rise in raw material cost. The managements of these companies are sounding confident of sustaining the trend.
MindTree said its PAT margin improved to 16.13 per cent in December quarter from 13.17 per cent in September quarter, 11.15 per cent in June quarter and 10.05 per cent in March quarter. Over the last four quarters, PAT margin for this IT firm has risen 610 basis points over December 2020 s 10.02 per cent.
Analysts said IT company s margins are industry-leading in the midcap space, led by revenue growth, all-time high utilisation and sustained high offshoring. The company management is confident of sustaining Ebitda margins at nearly 20 per cent. Prabhudas Lilladher is expecting the company to clock Ebitda margins of 19.6 per cent in FY22 and 19.5 in FY23.