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 the markets today.
FDC rallied 11% to Rs 319, while V-Mart surged 7% to Rs 1,960 on the BSE in intra-day trade.
Including today's loss, Nifty PSU Bank has fallen nearly 19 per cent since February 14, when the PNB scam came to light against 3.5% decline in Nifty 50 index
The stock surged 17% to Rs 2,387 in intra-day trade in otherwise weak market after the RBI raised the investment limit for FPIs in the company from 24% to 75%
Adani Ports and SEZ, Adani Enterprises, Adani Power and Adani Transmission have fallen by up to 7% in early morning deal on Wednesday.
The stock dipped 6% in past two trading sessions after media report suggested that the bank's MD & CEO Chanda Kochhar was summoned by the SFIO in PNB scam
All that happened in the markets today.
Bank of India, Canara Bank, Union Bank of India, Allahabad Bank, Andhra Bank, Indian Bank and Syndicate Bank were down in the range of 4% to 7%.
The stock has outperformed the market by gaining 27% in past one month as compared to 1% decline in the S&P BSE Sensex.
The stock is locked in lower circuit for the 13th straight trading day, down 5% at Rs 18.35 after the media report suggested that the CBI had arrested Vice President of the company in PNB case.
On February 28, HDFC Asset Management Company A/c HDFC Mutual Fund sold 2% stake or 5.86 million shares of SITI Networks through open market.
In past one month, most the PSU banks have underperformed the market by falling more than 10% against 1.4% decline in Nifty 50 index
Stock of the pharmaceutical company outperformed the market by gaining 12% in past five trading days, as compared to 1.3% decline in the S&P BSE Sensex.
All that happened in the markets today.
The stock moved higher by 16% to Rs 326, bouncing back 18% from its early morning low on the BSE on back of heavy volumes.
The stock hit a 52-week high of Rs 671, up 5% on the BSE in otherwise weak market.
Gitanjali Gems is locked in lower circuit for the sixth straight trading sessions, down 5% at Rs 26.10, also its fresh low on the BSE.
Thus far in the calendar year 2018, PFC was down 14% and REC by 13%, as compared to less than 1% fall in the Sensex.
All that happened in the markets today.
The stock was trading 2% higher at Rs 191, extending its Tuesday's 1.1% gain on the BSE, after the company announced that its board will meet on February 27 to consider the second interim dividend.