Greave Cotton Ltd Q2 results for FY11 exceeds expectation.
CMP:91.40
Action:Buy,Aided by a higher than expected other income and a lower than expected tax rate, PAT came in at Rs44.4 crore,indicating a growth of 35.7% yoy.Topline grew by 22.3% yoy, primarily driven by 19% growth in the engine division. The board recommends second interim dividend of Re0.4 (on face value of Rs2), thus taking the total interim dividend to Rs0.8 (on face value of Rs2).
CMP:91.40
Action:Buy,Aided by a higher than expected other income and a lower than expected tax rate, PAT came in at Rs44.4 crore,indicating a growth of 35.7% yoy.Topline grew by 22.3% yoy, primarily driven by 19% growth in the engine division. The board recommends second interim dividend of Re0.4 (on face value of Rs2), thus taking the total interim dividend to Rs0.8 (on face value of Rs2).
Unitech Ltd ended at Rs 5.06, down by Rs 0.18 or 3.44% from its previous closing of Rs 5.24 on the BSE.capitalstars
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