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.
Since April 1, the stock has rallied 50% as compared to 6% rise in BSE Sensex and 17% gain in FMCG index.
Markets extended losses in noon trades on Friday weighed down by selling pressure in financials and FMCG shares.
At 1200 hours there are pending sell orders for 185,481 shares on NSE and BSE.
From the financial space, ICICI Bank, HDFC Bank, SBI and HDFC have plummeted between 1-2%
ABG Shipyard, Bharati Shipyard, SCI, Mercator, G E Shipping and Varun Shipping are up 3-14% on the BSE.
BPCL has surged 8% to Rs 333, while Videocon Industries up 3% at Rs 175 on NSE.
The broader markets are outperforming the benchmark indices- BSE Midcap & Smallcap indices up 0.3-0.4%
The stock was down 1% at Rs 2,432 on the National Stock Exchange.
Early indicator, SGX Nifty was marginally down 2 points at 5,943.
The Sensex ended higher by 36 points at 19,893 mark and the Nifty was up by 6 points at 5,880 levels
The stock bounced back nearly 9% from intra-day's low on the NSE
The stock has rallied 72% against its issue price of Rs 483 per share offered to the retail investors.
BHEL is the top Sensex gainer, up nearly 5% on short covering. L&T has gained by nearly 1%.
Wipro will replace Reliance Infrastructure in the NSE's benchmark index Nifty effective September 27.
Markets maintained positive trend, amid range bound trades, ahead of the expiry of September F&O contracts later today.
HDFC, Sun Pharma, ICICI Bank, Wipro and L&T aid the up move
Shipping Corporation, Mercator, ABG Shipyard, Bharati Shipyard and Varun Shipping Company are up 5-19% in early noon deals on the BSE.
The broader markets traded higher with mid-caps and small-caps adding 0.2-0.5 per cent on the BSE.
The stock rallied 14% to Rs 2,325 on the Bombay Stock Exchange.
The company aims to offset the impact of adverse currency movement on its margins.