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.
Top losers from the Sensex pack are NTPC, Bajaj Auto, L&T, ITC and Sun Pharma
India Cements, Prism Cement, HeidelbergCement, Sanghi Ind, Mangalam Cement and Saurashtra Cement are quoting at their respective 52-week highs on the BSE.
The stock moved higher by 5% to Rs 2,096 on the BSE ahead of board meeting on Wednesday, August 24.
Seshasayee Paper, West Coast Paper, Star Paper, Ruchira Papers and N R Agarwal Ind were trading at 52-week highs.
The stock was locked in lower circuit for the second straight day, down 20% at Rs 65.85, also its 52-week low on the BSE.
Among broader markets, BSE Midcap index is down 0.3% while the Smallcap index is up 0.2%
The stock moved higher to its all-time high of Rs 781, up 7%, extending its Monday's 4% gain on the BSE.
Fortis Healthcare was down 2% at Rs 184, after hitting an intra-day high of Rs 194 on the BSE in early morning trade.
The stock hit a 52-week low of Rs 1,009, correcting 20% from its 52-week closing high of Rs 1,268 on June 6, 2016.
IT majors TCS and Infosys were the top losers in noon trades
The stock up 1.5% to Rs 586 on the BSE, was trading at a 39% premium against issue price of Rs 421 per share.
Thus far in 2016, the stock underperformed the market by falling 7%, as compared to 7% rise in Sensex till yesterday.
The stock rallied 15% to Rs 582, also its record high on the NSE in intra-day trade, on the back of heavy volumes.
The stock hit a 52-week high of Rs 136, rallied 62% from Rs 83 on the NSE since August 9.
IT shares and ICICI Bank were among the top losers
The stock surged 8% to Rs 322, also its 52-week high on the BSE in early morning trade.
A combined 264,071 shares changed hands and there were pending sell orders for 26.26 million shares on the NSE and BSE at 09:26 am.
Nifty Metal index was up 1% at 2,623, as compared to 0.15% fall in the Nifty 50 index at 01:47 pm.
Capital goods shares firmed up with majors state-owned BHEL
Taj GVK Hotels rallied 20% to Rs 148, while Indian Hotels up 5% at Rs 139 on the BSE.