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Equity Research Report: Religare Morning Digest

We expect sideways move in index on Monday; however, stock specific move will continue.
16 Feb 2015 | 07:00 AM

Corporate News

 

State Bank of India posted 30% rise in net profit for the October to December quarter FY15 at Rs. 2,910 crore. Net interest income rose by 9 per cent to Rs. 13,777 crore during the quarter from Rs. 12,640 crore in the year-ago period.

Mahindra & Mahindra Ltd has posted a standalone net profit of Rs. 942.14 crore for the third quarter ended December 31, compared with Rs. 934.06 crore recorded during the same period a year ago.

BPCL reported a net profit of Rs. 551.16 crore for the December quarter on the back of full compensation for losses on fuel sales. 

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