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 30-share Sensex was up 135 points at 20.445 and the 50-share Nifty was up 40 points at 6,076.
The stock has rallied 6% to Rs 525 on reporting over four-fold jumped in consolidated net profit at Rs 417 crore for Q3FY14.
The early indicator, SGX Nifty was up 47 points at 6,102 at 08:25 AM.
Markets ended higher, amid volatile trade, led by FMCG majors ITC and HUL
Gains in FMCG heavyweights like ITC, HUL along with HDFC Bank and Coal India aid the recovery
The stock was down 5% to Rs 209 after reporting 31% yoy decline in net profit at Rs 29 crore for Q3FY14.
The market breadth in BSE turns weak with 1,218 shares declining and 1,032 shares advancing.
FIIs continue mounting selling pressure, with foreign investors having sold a net INR 3,053 core worth of shares over the last four trading sessions
The stock has rallied nearly 20% in past seven trading days compared to 2.4% fall in benchmark S&P BSE Sensex.
Analyst at Nirmal Bang advises investors to BUY the stock for a further return of 10-15% from here on.
IT shares leading the decline after conservative guidance from Cognizant.
Reliance MF bought 4,00,000 shares or 5% stake in LG Balakrishnan at a price of Rs 281 per share.
The company has announced the closure of the acquisition of a 34 acres land parcel at Wakad, Pune for Rs 350 crore.
The company has fixed February 14, 2014 as the record date for the purpose of rights issue in a ratio of 51:20.
The stock has rallied 9% to Rs 230 on the Bombay Stock Exchange.
Markets opened marginally higher with banks shares leading the gains
On the EBITDA front, the company's margin contracted by 457bp yoy to 11.4%.
Markets are likely to open marginally higher tracking firm gains in Asia
Markets rebounded from their four-month lows on value buying at lower levels
The Sensex pulled back over 100 pts and the Nifty reclaimed the 6,000 mark led by autos