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.
Investors will take their cues from key macroeconomic data like industrial output scheduled later in the day.
Q2 net profit up 91% yoy at Rs 101 crore due to 14.5% yoy decline in raw material cost.
Q1 profit after tax excluding the impact of forex and exceptional item was Rs 135 crore.
However, index heavyweights RIL, HUL, ONGC and L&T remain under pressure in noon deals
Q1 profit almost flat at Rs 204 crore against Rs 201 crore in the year ago quarter, due to higher expenditure.
The board has approved the buyback of the company's equity shares at maximum price of Rs 279 per share.
Markets continued to trade firm in noon trades on Thursday amid short covering in beaten down financial stocks after the rupee strengthened against the US dollar.
The stock has rallied 16% from its record low of Rs 120 touched on August 6, after plunging 31% in eight trading sessions.
Taro's April-June quarter net income declined by 6.5% at $58.8 million against $62.9 million in year ago quarter.
On Aug 2, the government had sold 613,600 equity shares at an average price of Rs 73.92 per share through OFS.
The market breadth in BSE remains positive with 1,070 shares advancing and 737 shares declining
Q1 net profit at Rs 91 crore against an average analysts estimate of Rs 50 crore, due to lower raw material and manufacturing cost.
The broader markets traded firm with mid-caps and small-caps gaining 0.6 per cent on the BSE.
Rupee traded at 61.16 a dollar from Wednesday's close of 61.30 at the Interbank Foreign Exchange Market.
The company is in discussions with global giants such as Suntory Holdings and Pernod Ricard to sell 15-20% stake.
The board has recommended a final dividend of Rs 40 per equity share.
At 800 hrs Indian Standard Time the SGX Nifty was up 11 points at 5,554.
Among the key sectoral indices, BSE-IT, Auto, FMCG led drop while Metals and Power indices gained on the BSE.
The company is in discussions with global giants such as Suntory Holdings and Pernod Ricard to sell 15-20% stake in the company.
Rupee traded at 61.14 a dollar from Tuesday's close of 61.80 at the Interbank Foreign Exchange Market.