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.
Shares of Unitech and DB Realty have tanked more than 20% each in early morning deals on back of heavy volumes.
Q3 standalone profit declined by 62% year-on-year at Rs 6 crore due to higher finance cost.
The promoter fixed floor price for the sale shares at Rs 650 per share, a much below than Monday's closing price of Rs 741.85.
Broader markets underperform, down half a per cent each
PSU, oil, auto shares among gainers this morning
Q3 net profit at Rs 5,563 crore against analyst expectation of Rs 5,243 crore due to lower than expected subsidy sharing.
ONGC, Indian Hotels, Jindal Steel to be looked at
Reliance Industries, HDFC Bank and Hindustan Unilever among the top gainers
The stock has tanked 15% to Rs 119 in afternoon deals, falling below its issue price of Rs 130 on back of heavy volumes on BSE.
The board of directors of the company will meet on February 14, to consider the proposal for buy back of equity shares.
Bse-Banks, real-estate gained most on BSE
Q3 profit at Rs 9.55 crore against Rs 18.94 crore in year ago quarter mainly due to lower operational income and higher raw material cost.
STC India, MMTC, Hindustan Copper and HMT are up 5-17% on BSE.
Broader markets also weak. However, pharma stocks buck trend
Cipla has deferred acquisition of South African pharma firm Cipla Medpro because of valuation issues
With this, the company has completed seven securitization transactions aggregating to Rs 803 crore in FY13
Bharti Airtel is the top Sensex loser, down around 2%
The company said it is taking steps to increase its public shareholding to 25% as directed by Sebi.
The operating profit margins contracted by 349bps to end the quarter at 13.6% due to higher rise in the R&D and other expenditure.
BSE FMCG and Metal indices have slumped by almost 1%