Indian Stock Market Tips | Gold futures | Hi-Tech Pipes | Indraprastha Gas

Gold futures trade higher on Monday

Gold futures traded higher on Monday, as the dollar eased after orders for US -made capital goods fell, further indicating that manufacturing and the broader economy are slowing, due in part to the Sino-US trade war.

Gold futures for June delivery gained 0.2%, to $1,285.50 an ounce on the Comex division of the New York Mercantile. Spot gold edged up 0.2% to $1,286.89 per ounce.

Hi-Tech Pipes reports 45% growth in net volume for Q4FY19

Hi-Tech Pipes has reported the net volume of 80,055 mt in Q4FY19, as against 55,282 mt in Q4FY18, a Year on Year (YoY) growth of 45% over the corresponding quarter, driven by an increase in capacity utilization.

Hi-Tech Pipes, is one of India’s leading producers and suppliers of steel pipes, hollow sections, tubes, cold rolled coils and strips and a variety of other galvanized products.

Indraprastha Gas reports 29% rise in Q4 net profit

Indraprastha Gas (IGL) has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a rise of 29.06% in its net profit at Rs 225.50 crore for the quarter under review as compared to Rs 174.72 crore for the same quarter in the previous year. Total income of the company increased by 28.42% at Rs 1,752.40 crore for Q4FY19 as compared Rs 1,364.56 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 17.28% in its net profit at Rs 786.67 crore as compared to Rs 670.77 crore for the previous year. Total income of the company increased by 27.24% at Rs 6,508.02 crore for year under review as compared to Rs 5,114.95 crore for the year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 16.68% in its net profit at Rs 842.10 crore as compared to Rs 721.72 crore for the previous year. Total income of the company increased by 27.13% at Rs 6,490.32 crore for year under review as compared to Rs 5,105.46 crore for year ended March 31, 2018.

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