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 stock has rallied 23% in past three trading sessions after it received approvals for its restructuring plans from the Government of India.
The sub-committee of the board recommend to look at all options including share buy-back, review of dividends policy, bonus issues etc.
Benchmark indices continue to remain under pressure as financial heavyweights like ICICI Bank, HDFC, and HDFC Bank decline by 1-2% each
Tata Steel, JSW Steel, Hindalco, SAIL, Jindal Steel and Sesa Sterlite are down 1-2% on BSE.
Net profit of the company slips 33% to Rs 7.05 crore amid lower sales income
Solvay SA, one of the promoter of the company increases the delisting offer price to Rs 675 per share.
Record date for payment of interim dividend of Rs 7.50/share was fixed at February 21, 2014
Weak opening seen tracking subuded Asian cues and overnight losses in US stocks
Markets ended flat amid rangebound trade led by defensive shares
The stock is currently trading at Rs 364.80, up 4.27% in afternoon deals. It touched a high of Rs 367 and a low of 355.05 on the BSE during the day.
Consumer durables shares are in action on hopes of demand following the reduction in excise duty
The government approved the revival and restructuring package of Rs 1,083 crore.
Sensex was up 46 points at 20,680 and the Nifty advanced 13 points to trade at 6,140
Benchmark indices were marginally higher in late morning trades on Wednesday on the back of modest gains of 0.6-1.7% in index heavyweights Infosys, Reliance Industries, and Sun Pharma.
The two-wheeler announces price cuts ranging from 2-5% upto a maximum of Rs 4,500
The stock has rallied 55% in past on month as compared to 1.8% declined in benchmark S&P BSE Sensex
Balrampur Chini, Shree Renuka, Bajaj Hindustan, Dhampur Sugar and Oudh Sugar are up 3-7% on BSE.
The market breadth in BSE remains positive with 1,079 shares advancing and 528 shares declining
The stock has surged 7% to Rs 82 after reporting 66% yoy growth in net profit at Rs 17 crore in December 2013 quarter.
Profit taking is likely to cap further gains after the sharp rally yesterday