Tuesday 15 July 2014

TOP CORPORATE NEWS

·        ONGC gains on buzz government to mull stake sale

ONGC rose 2.25% on report that the government will decide in August 2014 whether to sell a 5% stake in the company.

·        NIIT Tech Q1 PAT at Rs432mn

NIIT Technologies Limited announced its financial results for the quarter ended in June 30, 2014 with a revenue increase of 6.6% over the same period last year to 577.6 Crores.

·        R Power gains after achieving boiler light up for fifth unit of Sasan UMPP

Reliance Power rose 2.48% after the company said that boiler light up has been achieved for its fifth 660 MW unit at the 3,960 MW Sasan ultra mega power project.

·         TTK Prestige inches up amid volatility after Q1 results

TTK Prestige rose 0.89% after net profit rose 0.07% to Rs 25.81 crore on 9.59% growth in total income to Rs 337.61 crore in Q1 June 2014 over Q1 June 2013.

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