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.
Q4 profit up 86% at Rs 13.81 crore against Rs 7.41 crore in year ago quarter.
The board approved issue of 11.65 million warrants former Citgroup chief Vikram Pandit and Hari Aiyar at a price of Rs 19.50 per share on preferential basis.
Asian markets trading higher except NikAsian markets trading higher except Nikkei which corrected 0.7% after rallying for weekswhich slipped 0.7%
The stock has outperformed the market by surging 30% since Q4 earnings on April 8 compared to 10% rise in benchmark Sensex.
IT, FMCG, auto shares weigh on the index; Realty shares hold on to gains
The company is in the process of raising $30 million (approximately Rs 150 crore) to part finance the future inorganic and organic growth plans.
The company has entered into a license agreement with MHI-MS for manufacturing of electrostatic precipitator.
Indiabulls Real Estate, Jaiprakash Associates, HDIL and Oberoi Realty are up between 5-8% on BSE.
The broader markets gained with mid-caps and small-caps rising nearly 0.1-0.6% on the BSE.
The move is triggered by thin volumes in the stock on the New York Stock Exchange (NYSE).
The BSE oil & gas index surged 1.7% at 9056. Healthcare, bankex, PSU and capital goods indices were also in the green.
The move would help Cipla to integrate its marketing or front-end arm in South Africa.
Q4 net loss of Rs 141 crore against profit of Rs 187 crore mainly due to rising non-performing assets and lower income from operations.
Benchmark share indices remained rangebound in the first hour of trade amid profit taking at higher levels
Q4 consolidated net profit more than doubled to Rs 710 crore on account of one-time gain of Rs 420 crore due to divestment of its holding Australia's Abbot Point terminal .
Announced a special dividend of 80% or Rs 8 per share on competition of 20 years of Analytical Excellence.
Apollo Hospitals and GSK Consumer quoting at their historic high are up 3% each, while Wockhdart and Oil India are up 4% each on BSE.
After opening marginally lower markets rebounded in early trades on Thursday led by gains in bank shares and index heavyweight Reliance Industries.
Tata Motors, karnataka Bank, IRB Infra and Bajaj Auto to be in focus
Shares of IRB Infrastructure were up 6% in late trades on the Bombay Stock Exchange after the company announced robust fourth quarter earnings.