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.
Global cues negative
Metal, auto shares hold on to gains
Bharti Airtel is the top Sensex loser, down nearly 3% after Morgan Stanley downgraded the stock.
Realty, CG and power shares decline
Infy, HDFC among the top gainers
F&O turnover on BSE down over Rs 10,000 crore compared to Friday
Pantaloon Retail (India), Shoppers Stop, CESC, Trent, Provogue India and Koutons Retail India are up 1-5% each on the BSE.
The stock underperformed the market by falling 15% post Q1 earnings on August 8, as compared to around 2% gain in benchmark Nifty
The stock currently trading at its three-year low and has tanked 35% in past two trading sessions
Bharti Airtel top loser on the Sensex
The company has bagged Rs 336 crore worth contract from Emaar-MGF for construction of a multi-storied group housing project in Gurgaon
The stock of AGC Networks has rallied 41% in past one month on reporting a seven-fold jump in Q1 net profit
The state-owned mining company has hiked prices of fines by 8% and for lumps by 13% for July- September quarter.
Sundaram Mutual Fund has acquired 270,788 shares or 0.49% stake of the company through its various schemes
The aforesaid ANDAs do not pertain to current business and will have a negligible impact on the company¿s business in USA
The investment proceeds will be largely used to retire part of the debt raised recently by Prometheon for its acquisition in the UK
F&O turnover on BSE steady at Rs 47,000 crore
The company will acquire all the issued and paid-up share capital of Centum while the Bharti Family Office will receive a combination of cash and equity shares in Everonn
The company has appointed SBI Capital Markets Limited and Religare Capital Markets Limited as the lead managers to the rights issue.
On worries of the internet arm of RIL is plans to offer cheaper data and voice services soon.