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 Nifty Pharma index was the top gainer, rising 0.52 per cent higher led by Sun Pharmaceutical Industries and Biocon. The Nifty IT index, too, rose 0.49 per cent higher led by Infosys and NIIT Tech
Here's a look at the top stocks that may hog the limelight today -
The company also announced one bonus shares for every three held.
According to a news report by financial news website Moneylife, huge transactions took place between Aditya Medisales and private Companies of Sun Pharma's promoters between 2014 and 2017
The S&P BSE Sensex ended just 13 points higher at 36,387, while NSE's Nifty50 index held the crucial 10,900 level to close at 10,907, up 2 points.
Force Motors, Deepak Fertilisers, Sun Pharma and Jamana Auto were among eight stocks from the S&P BSE 500 index hit their respective 52-week lows on the BSE on Friday.
Bharti Airtel dipped 7 per cent to Rs 310, while Vodafone Idea slipped 6 per cent to Rs 34.60, trading close to its 52-week low of Rs 32.10 on December 12, 2018 on BSE in the intra-day trade.
The stock was up 1.5% at Rs 341 trading close to its 52-week high of Rs 344 hit on December 13, 2018 on the BSE in intra-day trade.
The stock slipped 6% to Rs 163, trading close to its 52-week low of Rs 160 touched on December 3, 2018, in intra-day trade.
The stock rose 2 per cent to Rs 1,157 on the BSE after the company reported a better-than-expected consolidated net profit of Rs 10,251 crore in Q3FY19.
On Thursday, the domestic unit reversed its four-day losing streak by recovering 21 paise to settle at 71.03.
Here's a look at the top stocks that are likely to hog limelight today -
Shares of Reliance Industries (RIL) ended flat at Rs 1,134 apiece on the BSE ahead of the December quarter (Q3FY19) result today. Fast-moving consumer goods (FMCG) major HUL fell 1.12 per cent.
The stock hit a new high of Rs 679, up 2%, surpassing its previous high of Rs 677 recorded on September 10, 2018, in intra-day trade on the BSE.
The stock moved higher by 9 per cent to Rs 296, bouncing back 15 per cent from its early morning low of Rs 257 on the BSE.
The stock was down 5 per cent at Rs 87, falling 7 per cent from intra-day high of Rs 93 on the BSE on back of heavy volumes.
Manappuram Finance (up 36 per cent) and Muthoot Finance (up 32 per cent) outperformed the market by surging over 30 per cent since October 2018, as compared to 0.25 per cent rise in Sensex.
RIL has risen 5 per cent in the past three trading sessions, as compared to 1.3 per cent rise in the S&P BSE Sensex.
The stock locked in upper circuit of 20% for the second straight day after it reported a consolidated net profit of Rs 19.21 crore in Q3FY19, against loss of Rs 1.4 crore in year ago quarter.
The stock was up 5% at Rs 331, its highest level since June 22, 2018, on the BSE.