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 broader markets traded firm with midcaps and smallcaps gaining 0.6-0.7 per cent on the BSE
Q1 profit up 43% yoy at Rs 401 crore on back of higher other income.
Markets recovered from their early losses amid shortcovering at lower levels in index heavyweight Reliance Industries and select financials after the sharp sell-off on Tuesday.
The company's board will meet on Aug 13, to consider issue of rights equity shares to the existing shareholders.
MCX said it has a strong debt-free balance sheet with a networth in excess of Rs 1,200 crore as on June 30, 2013.
The broader markets are outperforming the benchmark. BSE Midcap and Smallcap indices are up nearly 0.5%.
Meanwhile, Wipro, SBI, BHEL, ONGC, ICICI Bank and Hero MotoCorp gain
The stock has rallied 41% in past one week after the company received tentative approval from the US health regulator for anti-AIDS combination drug.
According to an average estimates, Tata Motors is likely to report flat net profit of Rs 2,220 crore and net sales of Rs 46,021 crore for Q1FY14.
L&T, Tata Motors, HUL and Sun Pharma among the top losers in opening deals
The company's net sales grew 5.9% yoy at Rs 2,307 crore, driven by a strong exports growth of 14.1% yoy.
At 800 hrs Indian Standard Time the SGX Nifty was up 26 points at 5,591.
Bankex, capital goods, metal, realty and power index hits 52 week low after S&P BSE Sensex crashed 449 points today.
Markets ended over 2.3% lower on Tuesday, amid a weakening rupee, weighed down by selling pressure in financials and index heavyweights
Q1 consolidated loss at Rs 115 crore against profit of Rs 146 crore in year ago quarter, due to higher finance cost and forex losses.
Tata Steel has underperformed the market, by falling 25% in past one month as compared to 3.4% fall in S&P BSE Sensex and 15% decline in metal index.
Markets extended losses and were over 2% down in late trades on Tuesday, amid a weakening rupee, weighed down by selling pressure in financials and index heavyweights.
The stock has rallied 11% in past three trading sessions compared to 2% fall in benchmark S&P BSE Sensex.
Markets were trading near their day lows in noon trades on Tuesday, amid a weakening rupee, weighed down by selling pressure in private banking majors and index heavyweights.
BSE Midcap index has declined by 2.34% whereas BSE Smallcap index is down 1.58%.