JM Financial soars on turnaround story
28 January, 2010
The stock opened at Rs 41.80 and rallied 10% to a high of Rs 44. It is now trading at Rs 44 - up 8% from the previous close. Around 81,000 shares have changed hands on the counter so far.
The company has informed the BSE through a press release about its Q3FY10 results. The net profit stands at Rs 36.18 crore in the quarter ended December 09 as against a net loss of Rs 230.04 crore in the corresponding quarter a year ago.
Total income increased 42% to Rs 157.10 crore in Q3FY10 from Rs 110.43 crore in Q3FY09.
Success of Doha Round depends on India, China and Brazil: USA [ 19 May, 2010 ]
Oil drops near $68 on tighter financial regulation in US, German ban [ 19 May, 2010 ]
Highways Min spending 60 pc short of FY'10 expenditure target [ 19 May, 2010 ]
Exports expand 36.2% in April; Govt says don't get excited [ 19 May, 2010 ]
US may seek India's support in its currency dispute with China [ 06 April, 2010 ]
New law to put insolvency cases on fast track in works [ 06 April, 2010 ]
Stocks to extend gains; 18000 on Sensex seen [ 05 April, 2010 ]
Inflation control dominates banker-RBI meet [ 05 April, 2010 ]
ICICI Bank, HDFC Bank play down 'foreign' tag [ 05 April, 2010 ]
RBI sets govt's short term borrowing limit [ 05 April, 2010 ]