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A host of companies that are actively followed by market players will announce their first quarter results on Saturday.
Completing the sales of its entire stake in Singapore-based Accel Systems & Technologies to StarHub, Accel Frontline got locked at a 5% upper circuit quoting Rs 52.80 during Tuesday's trading session.
Share price of Accel Frontline has locked at 5 percent upper circuit as it has completed sale of its entire stake in Accel Systems & Technologies, Singapore.
For the full year,net loss reported to Rs 20.82 crore in the year ended March 2017 as against net loss of Rs 137.59 crore during the previous year ended March 2016. Sales rose 13.20% to Rs 365.05 crore in the year ended March 2017 as against Rs 322.49 crore during the previous year ended March 2016.
Accel Systems & Technologies Pte Ltd, Singapore a subsidiary company of Accel Frontline Limited has received an approval for entire stake sale.
Over two dozen companies will announce their results for the quarter and financial year ended March 2017 during Saturday to Monday. Among these are Ashima, Accel Frontline, Gati, Gillette India, IFGL Refractories, LG Balakrishnan & Bros (also stock split) and Nitin Spinners (on Saturday); and ABB India, Bharti Infratel, Canara Bank, Jayshree Tea, Mangalam Drugs, Repro India, Union Bank of India, and Welspun Corp (on Monday)
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Accel Frontline is trading up in the BSE Sensex by 7%, as its board has approved the sale of entire stake of a subsidiary company Accel Systems & Tech Pte., Singapore.
Accel Frontline rose 1.26% to Rs 68.30 at 10:05 IST on BSE after the company's board of directors approved the sale of the entire stake of a subsidiary company Accel Systems & Technologies Pte., Singapore.
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