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.
Among sectors, the Nifty PSU Bank rose the most on Friday, gaining 2.32 per cent led by Syndicate Bank, Punjab National Bank (PNB) and State Bank of India (SBI)
The stock down 3% to Rs 444 on BSE in early morning trade, quoting close to its 52-week low price of Rs 423 touched on October 8, 2018.
In the current financial year FY19, the stock has dropped 8 per cent to Rs 724.3 (as of Thursday's close) from Rs 785 on March 28, 2018.
The domestic unit weakened for the second straight session Thursday, slipping by 2 paise to 70.20 against on robust foreign fund outflows amid rising trade deficit worries.
Here's a look at the top stocks that may remain in focus today -
The S&P BSE Sensex lost 378 points or 1.05 per cent to settle at 35,514 with HCL Tech (up 0.50 per cent) being the top gainer and ONGC (down 3.59 per cent) the worst laggard.
Nifty Metal index has fallen 5% in the past three trading sessions, at its lowest level since June 30, 2017.
The stock is down by 4% at Rs 20,321, falling 12% in past two days and trading near its 52-week low of Rs 20,301 touched on October 4, 2018, in the intra-day deals.
The stock slipped 5% to Rs 251 on Thursday, falling 11% in past two trading days on BSE, after the rating agency ICRA on Wednesday downgraded the airline's loan and debenture ratings.
The stock hit a new high of Rs 683, up 16%, surging 72% from its recent low of Rs 395 on November 7, 2018.
Dena Bank plunged 20% to Rs 14.40 and Vijaya Bank slipped 7% to Rs 47.25, while Bank Baroda was up 3% at Rs 123 on the BSE in intra-day trade.
Here's a look at the top stocks that may hog the limelight in today's session -
On Wednesday, the domestic unit crashed 75 paise, its first loss in last four sessions, to close at 70.18 amid strengthening of the greenback and heavy selling in domestic equities.
The stock dipped 6% to Rs 531, after the company reported 6% year-on-year growth in sales in December 2018, its lowest since October 2017.
The 25-year-old airline is facing financial difficulties and owes money to pilots, lessors and vendors.
The Nifty Auto index declined as much as 1.8% to 9025.75 levels after the auto companies such as Eicher Motors, M&M and Tata Motors reported lower-than-expected auto sales numbers for December
IOL Chemicals & Pharma rallied 6 per cent to Rs 177 today, surging 122% in the past six months, as compared to a 2.5% rise in the S&P BSE Sensex.
According to news reports, CLSA has cut FY20-21 earnings per share (EPS) estimates by 9-38 per cent factoring in lower commodity prices and stronger rupee.
The stock dipped 6 per cent to Rs 21,792 after the company reported 13 per cent Y-o-Y decline in total sales of 58,278 units in December.
On Tuesday, the domestic unit gained 34 paise to settle at 69.43 on increased selling of the greenback by exporters and smart gains in domestic equities.