The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
Maruti Suzuki, HUL, Bharti Airtel up 2-3.5% among the top gainers
Greaves Cotton has lost 2.3% to Rs 112 on the BSE after the company posted 9.51% decline in net profit
OMCs have gained after they decided to slash retail petrol prices by Rs 1.09 a litre and increase diesel price by 56 paise a litre
Tech Mahindra has dipped 4% after reporting a net profit of Rs 631 crore in the June quarter, a drop of 8.1% from the same period a year before.
Markets are likely to open in the negative territory tracking weak global cues
The stock surged 17% to Rs 256, extending its previous day's 14% rally on the National Stock Exchange.
Markets were trading lower after RIL, Infosys trimmed gains and profit taking in bank shares
IOC will get Rs 8,107.21 crore, BPCL Rs 3,830.56 crore and HPCL Rs 3,608.88 crore
At 1140, the stock was trading 4% lower at Rs 1,120, erasing most of its losses on the National Stock Exchange.
The stock dipped 7% to Rs 166 after reporting 7% yoy decline in net profit at Rs 40 crore for the quarter ended June 2014.
The stock down 1.5% at Rs 1,574 on NSE after reporting 13% qoq growth in consolidated profit at Rs 1,834 crore for June quarter.
The stock dipped nearly 8% to Rs 308, falling 11% from intra-day high on Bombay Stock Exchange.
Sensex, Nifty flat ahead of the expiry of July derivative contracts
The broader markets are outperforming benchmark indices, rising nearly 0.7%
At 0919 hours, around 425,000 equity shares representing 3.22% of total equity of Force Motors changed hands at Rs 549.95 a share on BSE.
Q1 net profit up 72% at Rs 256 crore against Rs 149 crore during the same period last year.
The company said it has an order book of Rs 11,350 crore, out of which orders worth Rs 9,400 crore are to be executed in the next three to four years.
The stock surged 13% to Rs 243 on reports that British health and fitness group David Lloyd is buying around 20% stake in Mumbai-based the health fitness chain.
Sensex is down 13 points at 26,074 and the Nifty has lost 11 points to trade at 7,779.
Indian markets are likely to open flat on caution ahead of the expiry of July derivative contracts due later in the day.