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The Indian market is expected to open flat-to-higher on Friday tracking muted trend seen in other Asian markets.

After a stunning rally in the global equity market over the past two days, stocks collectively took a breather ahead of the weekend. US Stocks traded range bound overnight weighed down by an abrupt halt to the rally in oil prices, which failed to hold on to the crucial $50 mark. The Dow Jones ended 23.22 points lower.

The most awaited speech since the US Federal Reserve's FOMC meeting way back in April, the Fed chief will speak at Massachusetts on Friday night as investors look on for clues to a rate hike.
STOCKS TO WATCH TODAY FOR TRADING
Power Grid: The state-run company posted a 13.2 per cent jump in standalone net profit at Rs 1,599.05 crore for the March quarter on higher revenues from power transmission business.

Jet Airways: Jet Airways posted its first annual net profit after eight years and its fourth straight quarterly net profit helped by lower fuel expenses and its own cost control measures.

ONGC: Oil and Natural Gas Corporation's fourth quarter profit jumped 12% mainly on reversal of impairment loss as well as lower provisioning for dry wells.

Deepak Fertilisers: The company reported a 5 per cent decline in net profit at Rs 25.92 crore for the fourth quarter of 2015-16 financial year.

SBI - State Bank of India is going to post Q4 results today.
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Infosys Q4 results: Stock falls over 4 percent on weak guidance
Updated on 16 April 2017
Infosys shed as much as 4.3%% to Rs 927 on BSE at intra-day Sensex, falling nearly 7% from early morning high of Rs 991 after the company reported a 2.8% fall in its Q4 net profit to Rs 3,603 crore versus Rs 3,708 crore in the sequential quarter ended December 31, 2016. Consolidated revenue of the company also declined 0.89% (QoQ) and 3.44% (YoY) to Rs 17,120 crore for the quarter under review.

The IT major downgrading its guidance for the fourth time added to the fall. It said that the revenue is expected to grow 6.5%-8.5% in constant currency terms and 6.1%-8.1% in dollar terms for the year ending March 31, 2018 (FY18).

For the recently concluded financial year 2016-17 (FY17), Infosys had reported revenues growth of 8.3% in constant currency terms and 7.4% in dollar terms on year on year basis.
“Unanticipated execution challenges and distractions in a seasonally soft quarter affected our overall performance," said Vishal Sikka, CEO.

Meanwhile, the board of directors of the company recommended a final dividend of Rs 14.75 per equity share for the financial year ended March 31, 2017.

Effective from FY18, the company expects to payout up to 70% of the free cash flow of the corresponding financial year in such manner (including by way of dividend and/or share buyback) as may be decided by the board from time to time, Infosys said in a press release.

In addition to the above, the board has identified an amount of upto Rs 13,000 crore ($2 billion) to be paid out to shareholders during FY18, in such manner (including by way of dividend and/ or share buyback), to be decided by the board, subject to applicable laws and requisite approvals, if any, it added.

The stock hit an intra-day high of Rs 991 after opening at Rs 974 on BSE. The trading volumes on the counter more than doubled with a combined 4.5 million shares changed hands on BSE and NSE so far.

The stock ended 3.7% lower at Rs 932.9 in an otherwise flat market. The stock has fallen over 7% this month.