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.
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.
All that happened in markets today.
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
DLF was among the eight stocks that were included in the MSCI's India Domestic Index
The company announced business re-structuring plan with demerger of its core Lifestyle business into a separate entity.
In Q2FY20, compressed natural gas (CNG) sales volume increased by 10 per cent and piped natural gas (PNG) sales volumes increased by 12 per cent over Q2FY19.
The changes will come into effect from November 26 post market hours, the report added.
The company has emerged as the highest bidder for Gare IV/1 coal Block (rated capacity 6MTPA) in the recently held coal block auctions at a closing bid of Rs 230/t.
The stock has more than doubled from its recent low price of Rs 70, touched on August 14 in the intra-day deal.