Union Bank of
reports 10% rise in Q1 net profit India
The bank has reported a rise of 9.51% in its net profit at Rs 560.22 crore for the quarter, as compared to Rs 511.59 crore for the same quarter in the previous year.
Total income from operation of the bank has increased by 16.04% to Rs 7613.53 crore for the quarter under review as compared to Rs 6561.10 crore for the quarter ended June 30, 2012.
Gross non-performing assets (NPAs) improved to 3.50% in the April-June quarter as against 3.76% in the same quarter previous year while, net NPAs decreased to 1.96%.
Union Bank of India Stock made a High of 134.15 and low of 120.60 as on 1st August 2013,Thursday at 2.00 pm.The stock is trading at 124.45.It has made a pattern of Bearish Harami with a higher bottom and higher top.The MACD is negative and the RSI in over sold zone.The stock can move up in the coming days only if it crosses and stays comfortably above 135.If it stays closes above 135 in the coming days it can touch 150 on the upper side.
Mahindra & Mahindra reports 21% fall in July Sales
The Passenger Vehicles segment (which includes the UVs and Verito) registered a drop of 29.44%, having sold 15,530 units in July 2013, as against 22,011 units during July 2012. The company’s domestic sales stood at 34490 units during July 2013, as against 42,799 units during July 2012.
Exports for the month of July 2013 declined by 39% stood at 2606 units.
Mahindra & Mahindra opened at 912.10 and currently trading at 873.90.It had made a high of 923.15 and a low of 870.15.The update is as on 1st August 2013, Thursday at 2.15 pm.
Though Mahindra & Mahindra has made a low of 870.15, it has taken a support at its rising trendline on the daily chart.863 will act as a good support, below which Mahindra & Mahindra is still bad.The Macd is trying cut its Trigger line on the upper side.
Adani Ports reports 51% rise in Q1 consolidated Net Profit
The company has reported 58.49% rise in its net profit at Rs 663.15 crore for the quarter as compared to Rs 418.42 crore for the same quarter in the previous year.
Total income of the company has increased by 122.45% at Rs 1804 crore for quarter under review as compared to Rs 810.94 crore for the quarter ended June 30, 2012.
Adani ports has made a Bullish Engulfing line on the daily chart. It has made a high of 135.85 in Intraday. It made a low of 116.65.The stock had breached a rising trend on the downside by opening below the trendline but later by 2.15 pm is above the trendline
Disclaimer: The Above quoted views are just an indication based on Technical Analysis and in no way suggests any trading or Investing tip.
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