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 stock surged 20% to Rs 161 in early morning deal on Wednesday after an independent CA firm finds that the DHFL has not promoted any of the 26 shell companies, alleged by news portal Cobrapost.
All that happened in the markets today
At 10:33 am, Wipro was trading at Rs 282, up 3.5 per cent, the top gainer among benchmark index Nifty 50.
The stock surged 12 per cent to Rs 173, extending its previous day's 10 per cent gain after the company said Canadian fund plans to invest about Rs 1,800 crore in ECL Finance.
The stock dipped 10 per cent to Rs 1,140 on the BSE in intra-day trade
The pharma company had reported a nearly four-fold jump in its consolidated net profit at Rs 1,241.85 crore for the third quarter of financial year 2018-19(FY18-19).
The domestic unit on Tuesday rebounded by 43 paise to close at 70.49, largely driven by positive macro data and easing crude prices.
Here's a look at the top stocks that may remain in focus today -
All that happened in the market today
In past two weeks, REC and Power Finance Corporation outperformed the market by gaining 20 per cent and 12 per cent, respectively, as compared to 2% rise in S&P BSE Sensex.
Suzlon Energy rallied 26% to Rs 7.52 on Tuesday on back of heavy volumes, surges 179% from its record low level of Rs 2.70 touched on February 5, 2019.
The company said the cumulative order book of the company during FY19 stood at Rs 1,800 crore.
The stock was up 10% to Rs 198, rallied 53% from its 52-week low of Rs 129 touched on February 8, 2019, against 1% decline in the Nifty 50 index.
Tech Mahindra will buy back 20.58 million shares at Rs 950 a share.
The stock hit its highest level since listing on September 27, 2017, at Rs 1,015, surging 13% in past one week, as compared to no change in Nifty 50 index.
The domestic unit on Friday lost 20 paise to close at 70.92, amid strengthening of the American currency and rising crude oil prices.
On a weekly basis, the 30-share index Sensex rose 0.53 per cent while Nifty gained 0.66 per cent.
The stock hit record high of Rs 832, up 2.5% after the board approved share buyback at a price of Rs 950 per share through a tender offer.
Reliance Power, Reliance Communications, Reliance Home Finance, Reliance Naval and Engineering and Reliance Infrastructure were up 2% to 6% on the BSE.
The stock was down 2% at Rs 456, falling 15% in the past one month, trading at its lowest level since April 7, 2017, on the BSE.