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.
The company owes about Rs 200 crore to the AAI and various tax authorities, report.
The S&P BSE Sensex gained 0.1% at 26014.21 level while the CNX Nifty was up 0.3% at 7,769.50
Lupin, Dr Reddy's Lab, Cadila Healthcare, Torrent Pharma, Ipca Lab, Cipla and Wockhardt are up 1-5% on NSE.
Q1 profit up 56% at Rs 625 crore against Rs 401 crore in the corresponding quarter of previous fiscal.
Markets continue to trade weak amid selling pressure in capital goods major L&T
Sensex is trading at 25,876 levels down by 116 points and Nifty is trading at 7,714 levels lower by 34 points.
Analysts at Motilal Oswal reiterate 'buy' rating on the stock with a target price of Rs 400.
The stock soared 18% to Rs 225 on National Stock Exchange, on back of heavy volumes.
JLR has reduced its prices on three of its high end models in response to an pricing and anti-monopoly investigation in China, report.
The stock rallied 6% to Rs 771 on reporting 26% yoy jump in net profit at Rs 22 crore, on back of higher revenues and better product mix.
ITC, Bharti Airtel, Infosys and Reliance Industries among the top gainers
The stock soared 19% to 184 after reporting a strong 33% yoy jump in consolidated net profit at Rs 203 crore for the quarter ended June 2014.
The company bagged fresh orders worth Rs 33,408 crore during June quarter registering a y-o-y growth of 11%, compared to 15% growth recorded in March quarter.
Q1 consolidated net profit up 61% yoy at Rs 1,108 crore, backed by a 74% rise in mobile data revenue.
Markets are likely to open in green tracking positive earnings results and firm Asian cues.
Meanwhile, Asian shares touched fresh three-year highs ahead of a torrent of US economic news expected this week
During the quarter, the domestic consumer business grew at 13%, ahead of market, with 6% underlying volume growth.
Consolidated net profit for the quarter ended June 2014 jumped 43% to Rs 47 crore
ICICI Bank, HDFC, TCS and RIL drop on profit taking
Reliance Power surged 3% after R-Power acquired Jaiprakash Power's entire hydropower portfolio