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 market breadth in BSE is negative with 776 shares advancing and 1,489 shares declining.
The flagship biopharma business grew by hardly 1% to Rs 549 crore in Q1 from Rs 543 crore in year ago quarter.
EBITDA or operating profit margins improved 300 basis points to 23% from 20%.
Sun Pharma also rallied by nearly 3% to Rs 769, its new high on National Stock Exchange.
The stock soared 13% to Rs 2,064 on NSE after reporting 24% yoy jump in net profit at Rs 109 crore for the quarter ended June 2014.
Q1 operating margins of IT services at 22.8%, impacted due to wage hikes.
Sensex was lower by 8 points at 26,264 mark and the Nifty declined by 5 points at 7,826 levels.
Q1 net profit at Rs 49 crore against Rs 5 crore in the corresponding quarter of previous year.
Here are a few stocks you need to keep a tab on for today.
ICICI Bank, RIL, TCS, HDFC and Infosys have contributed a combined 659 points or 52% to the 1,265-points rally in the Sensex.
Q1 profit at Rs 72 crore against an average analysts estimate of Rs 87 crore.
Sensex is up 72 points at 26,219 and Nifty is up 18 points at 7,813 levels
The stock dipped 7% to Rs 187 on NSE after reporting a consolidated net profit of Rs 9 lakh in June quarter against Rs 11 crore in March quarter.
Liberty Shoes lost 6% to Rs 301 on the BSE after the company's net profit surged 1% to Rs 3 crore
Tata Steel, Hindalco, Sesa Sterlite, Jindal Steel, JSW Steel and SAIL 1-4% on the Bombay Stock Exchange.
Tata Sponge Iron surged 11% to Rs 935, also its record high, while Tata Metaliks rallied 10% to Rs 132 on BSE today.
Sensex is down 22 points at 26,125 and Nifty is down 6 points at 7,789
Max India, Reliance Capital and Bajaj Finserv were up 3-5% on the Bombay Stock Exchange.
IT, FMCG and Health Care scrips among the top gainers
Analysts expect improvement in margin on higher operating leverage, exports and a better product mix.