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.
Bank Nifty at 30 month high on RBI optimism; rate sensitives lead gains in noon deals
The company has come under the scanner of the DRI for allegedly routing gold meant for exports into the Indian retail market.
The broader markets gained with mid-caps and small-caps rising nearly 1% on the BSE.
The company's transportation division has bagged orders worth Rs 446 crore and building division secured orders worth Rs 184 crore.
The company hopes to sell 175,000 units of Royal Enfield as against 150,000 projected earlier
BSE Realty, Bankex and Auto indices have spurted by nearly 3% each. Sectors like Capital Goods, PSU, Oil & Gas, Metal, Healthcare, Power, Consumer Durable and FMCG have gained between 1-2%.
All the sectoral indices in the green, Sensex above 20,000 while Nifty regains 6K
The stock was up 14% at Rs 33.10, extending its previous day's 20% rally on BSE.
SBI, HDFC Bank, Indiabulls Real Estate, DLF, Tata Motors and Hero MotoCorp are up more than 2% each on BSE.
Financials are leading the gains after April wholesale price inflation which eased to a 41-month low of 4.89% rekindled hopes of a rate cut by the central bank.
Q4 net profit at Rs 44 crore against net loss of Rs 21.58 crore in a year ago quarter.
The company offered 81.02 million shares to institutional investors, received bids for 147.7 million shares.
Stock specifiv action can be seen, Watch out for Oil India, IVRCL, Whirlpool
The board approved buyback of shares for a price not exceeding Rs 110 per share.
The company has agreed to pay $500 million (approximately Rs 2,743 crore) to resolve fraud allegations that the company sold adulterated drugs and lied about it to US regulators.
Benchmark shares indices were trading with marginal gains in late trades on Tuesday led by gains in Tata Motors and oil exploaration major ONGC
Q4 consolidated net profit down 12.5% year-on-year at Rs 25 crore due to higher sales promotion expenses and a loss in a group firm.
The stock has locked in upper circuit of 10% at Rs 248, bouncing back of 22% from day's low of Rs 203 on BSE.
Q4 net profit down 6.4% year-on-year at RS 220 crore due to higher provisioning.
PSU, healthcare and IT indices continue to trade in green post encouraging inflation data