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 8% to Rs 27.80, bounced back nearly 12% from intra-day's low on BSE.
ICICI Bank, HDFC Bnak, HDFC and SBI have gained between 1-1.4%
Larsen & Toubro and Petronet LNG are expected to report second quarter earnings today
Markets ended lower on profit taking in IT majors, Infosys, TCS and Wipro
The stock has bounced back nearly 4% from intra-day's low post Q2 earnings.
At 02:28 PM, the 30-share Sensex was down almost 76 points or 0.3% at 20,471 while the broader 50-share NSE Nifty was down 33 points or 0.5% trading at 6,055 levels.
Markets remained flat in noon trades on Thursday as gains in oil and gas shares helped offset losses in IT majors.
The stock has underperformed the market post Q2 results by falling 19% compared to 0.11% rise in benchmark index.
At 11:28AM, the 30-share Sensex was down almost 10 points or 0.03% at 20,538 while the broader 50-share Nifty was down 13 points or 0.2% at 6,075 levels.
The stock was up nearly 3% at Rs 282 on the National Stock Exchange.
The broader markets traded tad higher with mid-caps and small-caps inching up by 0.1per cent on the BSE.
CLSA upgraded the stock to "outperform" from "sell" and raised its price target to Rs 5,850 from Rs 4,900.
In past one month, both these stocks had outperformed the market by surging 16% each compared to 4% rise in benchmark index and 14% gain in IT sector index.
Domestically, the key sectoral gainers were oil and gas, metal, FMCG on the BSE
The stock was up 2% at Rs 2,167 in early morning deals on BSE.
At 8:30AM, SGX Nifty traded 0.2 per cent higher at 6,122.
FIIs have sold 3.06 million shares worth of around Rs 200 crore of the company in July-September quarter.
Overnight, US stocks ended lower onimpasse over debt ceiling.
The broader markets ended lower with mid-caps and small-caps falling 0.5-0.6 per cent on the BSE.
The broader markets traded lower with mid-caps and small-caps falling 0.5-0.6 per cent on the BSE.