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.
Markets pared most of the early gains and were trading in a very narrow range
The scrip extended its Friday's rally that was sparked off by the company's strong Q3 results announced on February 7
The stock soared nearly 20% at Rs 343 on reporting nearly five-fold jumped in net profit at Rs 22.44 crore in Q3FY14.
The promoters have fixed an indicative offer price of Rs 100 per share for public shareholders.
Bharti Airtel, HUL, NTPC, HDFC Bank and Bajaj Auto have declined between 0.9-1.4%
Thomas Cook (India) made an open offer for buying up to 26% in Sterling Holiday at offer price of Rs 98 per share.
The Sensex has opened higher by 51 points at 20,428 mark and the Nifty gained by 14 points at 6,078 levels
The company announced the sale of its luxury hospitality chain Aman resorts to its original founder Adrian Zecha for $358 million (about Rs 2,200 crore).
Markets are likely to open on a positive note amid strong global cues.
Markets ended higher amid volatile trade, led by Tata Steel, Sun Pharma, and Sesa Sterlite
The stock has rallied over 7% to Rs 916 on BSE after reporting 82% yoy growth in net profit at Rs 186 crore for Q3FY14.
The stock is locked in upper circuit of 5% at Rs 38.50 on reporting 152% yoy growth in net profit at Rs 4.53 crore for Q3FY14.
Benchmark indices erased their early morning gains as index heavyweights like ITC and TCS pared the gains of Sun Pharma and Tata Steel.
The company has reported more than double profit before extraordinary items at Rs 18 crore for Q3FY14.
ITC, TCS and HDFC weigh on the indices in noon trades
The BSE Healthcare index was up 1.74% compared to 0.51% rise in benchmark S&P BSE Sensex at 1150 hours.
The stock has rallied 36% after reported over three-fold rise in net profit at Rs 21.8 crore for the third quarter ended December 31, 2013.
The company also in consortium with Limak of Turkey and state-owned BHEL has emerged as the lowest bidder for the 1,000 MW Pakal DUL Hydroelectric Project.
The company said the outlook continues to remain challenging due to difficult macro-economic condition and resultant subdued cement demand.
Gains were led by index heavyweights Infosys and Reliance Industries