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.
The S&P BSE Sensex touched an intra-day low of 39,461 levels while the Nifty50 drifted to 11,817 levels during the day before staging a limited recovery. Banking stocks were among the key losers
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J&K Bank slipped 13 per cent to Rs 42.30, plunging 29 per cent in three trading days on the BSE.
The stock, which got listed on the bourses on May 8, 2019, has rallied 57 per cent against its issue price of Rs 215 per share.
On Wednesday, the stock of housing mortgage company dipped 7 per cent to Rs 626 in intra-day trade, falling 15 per cent in past two trading sessions
Moody's Investors Service downgraded the corporate family rating for the company to B2 from B1 and changed the outlook to negative from stable.
PwC stated that it noted certain observations/transactions which in its assessment, if not resolved satisfactorily, might be significant or material to the financial statements of the company.
Here's a look at the few stocks that may remain in focus today -
All that happened in the markets today
Thus far in the calendar year 2019, the stock has tanked 77 per cent against 10 per cent rise in the S&P BSE Sensex.
On April 12, 2019, the bank's board had approved the merger of Indiabulls Housing Finance and its wholly owned subsidiary, Indiabulls Commercial Credit with Lakshmi Vilas Bank.
Thus far in the current calendar year 2019, the stock has rallied 48 per cent, as compared to a 10 per cent rise in the S&P BSE Sensex till yesterday.
The company said the credit rating downgrade was on account of a delay in servicing of bank loans for the month of April and May and would be cleared within the next seven working days.
Here's a list of companies whose shares are expected to trade actively in Thursday's session -
According to a media report, the government has started work on the bifurcation of GAIL (India) into marketing and transportation units - one of them to be sold
IndusInd Bank, IDFC First Bank, Bank of Baroda, Syndicate Bank, Allahabad Bank, Union Bank of India, Bank of India and YES Bank were down 3 to 5 per cent.
DIL reported more-than-doubled consolidated net profit at Rs 37 crore in Q4FY19, on account of tax credit of Rs 21 crore for the quarter
Thus far in the current calendar year 2019, Eros International Media has seen its market value plunge 39 per cent, as compared to an 11 per cent rise in the S&P BSE Sensex.
Rating agencies CRISIL and Icra have assigned 'D' rating to DHFL's commercial papers, anticipating a default
The domestic unit on Tuesday settled unchanged at 69.26 in lackluster trade.