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.
All that happened in the markets today
Here's a list of stocks that may remain in focus today
All that happened in the markets today
The company reported a net profit of Rs 301 crore in Q1FY21, against Rs 124 crore in the year-ago quarter.
RIL hit a fresh record high of Rs 2,000 mark, up 1.4 per cent in intra-day trade today.
Foreign portfolio investors (FPIs) increased stake in Matrimony.com to 14.74 per cent in the June quarter from 12.51 per cent in the previous quarter.
The board on Saturday, July 18, approved a 1:1 rights issue at Rs 50 per share, amounting to Rs 3,089 crore.
In Q1FY21, the bank's gross non-performing assets (GNPA) were at 4.72 per cent, compared to 5.25 per cent in the year ago quarter and 4.86 per cent in the fourth quarter.
Here's a list of stocks that may trade actively in today's session
All that happened in the markets today
The board has appointed Sanjiv Bajaj, currently the Vice Chairman of the Company, as Non-Executive Chairman of the Company with effect from August 1, 2020
In Q1FY21, Den Networks' consolidated net profit jumped an over four-fold to Rs 58 crore, on the back of strong operational performance by cable business.
Majesco US has decided to sell its company to a private equity, Thoma Bravo, LP at $13.1/share, valuing the company at $594 million. This offer price is at a 77% premium to Majesco US' last close
Individually, ACC rallied 6%, Ambuja Cements & JK Cement surged 5% each, while Ramco Cements, Shree Cement, India Cements, Heidelberg Cement India & UltraTech Cement were up in the range of 2% to 4%
The stock has rallied 6% to Rs 794.50 on the BSE, and is trading at the highest level since its listing on March 16, 2020.
Bharti Airtel, however, was trading flat at Rs 577 on the BSE as compared to 1.1 per cent rise in the S&P BSE Sensex
Here's a list of stocks that may remain in focus today
Analysts expect the company to be least impacted by the Covid-19-led disruptions given their relatively strong recovery in the rural consumption basket.
M&M said that its board has approved to subscribe to the equity shares of MMFSL to the full extent of the Company's rights entitlement.
Rakesh Jhunjhunwala bought an additional 725,000 shares, and increased his holding in the Tata Group Company to 10.31% in June 2020 quarter. This is the highest level since March 2016 quarter.