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 markets today.
For the second quarter of the financial year 2019 (Q2FY19), the company posted profit before tax (PBT) of Rs 99.42 crore, up 12 per cent against Rs 88.65 crore posted in the year-ago period.
The stock tumbled 9 per cent to Rs 393, its lowest level since September 2014.
The Department of Telecommunications has started the initial process of claiming its dues from telcos, directing them to pay up in accordance with the Supreme Court's October 24 order on AGR matter
Here's a look at the top stocks that may remain in focus today.
All that happened in markets today.
The company's operational cash flows (OCFs) turned negative for the first time in the past five years
The stock surged 10% intra-day to Rs 787 and surpassed its previous high of Rs 747 touched on April 27, 2019, on back of heavy volumes on the BSE.
Additionally, the company's advertisement revenue came in at Rs 337 crore, down 1.5 per cent YoY, impacted by a weak economic environment.
The company's profit before tax (PBT) stood at Rs 498 crore, up 8.5 per cent YoY.
The agreement will remain valid for three years from the date of execution of agreement.
The Tata Group company reported a consolidated net profit of Rs 71 crore during the quarter, against a net loss of Rs 5 crore in a year-ago period.
The company's operating profit (EBITDA) more-than-doubled to Rs 13.47 crore in Q2, as against Rs 5.57 crore in the corresponding quarter of the previous fiscal.
The rupee on Monday slipped 19 paise to a near one-month low of 71.47 as fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy.
Here's a look at the top stocks that may remain in focus today.
Polycab India surged 7 per cent to Rs 915, surpassing its previous high recorded on October 30 in the intra-day trade.
The bank, however, logged a net interest income (NII) of Rs 1,275.7 crore, up 10.9 per cent YoY, from Rs 1,150.5 crore.
Profit before tax (PBT) for the quarter under review came in at Rs 1,706.47 crore against Rs 2,700.84 in the corresponding quarter of the previous fiscal.
Calling the quarter gone by as "the toughest in this decade", the management said weak end-demand across sectors due to the sluggish macroeconomic environment led to the continuous decline in demand
The company announced business re-structuring plan with demerger of its core Lifestyle business into a separate entity.