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.
Muthoot Finance surged 15% to Rs 405, while Manappuram Finance up 6% to Rs 91.40 on the BSE in intra-day trade.
The stock hit a fresh record high of Rs 3,556, up 3% on the NSE after the company reported 18% YoY growth in profit at Rs 883 crore for the quarter ended June 30, 2016.
Hero MotoCorp surged over 3% on the back of robust Q1 earnings
The stock rallied nearly 15% to Rs 132, also its 52-week high on the BSE in intra-day trade.
The stock moved higher by 8% to Rs 3,104 on the BSE.
The stock was down 5% lower at Rs 130 after the bank's gross NPAs increased to 10.16% in Q1 from 5.53% in the year-ago period.
The stock rallied 6% to Rs 152 in intra-day trade, its highest level since March 5, 2015 on the BSE.
Gains were led by index heavyweights with Reliance Industries contributing the most
Mangalam Cement, JK Cement, JK Lakshmi, OCL India, Sagar Cements, and Saurashtra Cement were up 2%-9% on the BSE
The stock tanked 14% to Rs 870 on the BSE in early morning trade.
Banks extended gains while IT majors were trading with marginal losses
Top gainers from the Sensex pack are ICICI Bank, SBI, Axis Bank, Hero Moto and Bajaj Auto, all surging between 2%-3%
The company reported 56% growth in consolidated net profit at Rs 62 crore for the quarter ended June 30, 2016
The board announced a special dividend of Rs 27.50 per equity share for the year ended March 31, 2016.
Here are a few trading strategies by Chandan Taparia of Anand Rathi
The stock moved higher by 10% to Rs 1,120, bouncing back nearly 14% from intra-day low on the BSE.
The stock surged 13% to Rs 3,050, also hits 52-week high on the BSE.
Financials were among the top losers in late noon trades with ICICI Bank leading the decline
The stock plunged 16% to Rs 549 after the company posted 69% YoY decline in profit at Rs 90 lakh in Q1FY17.
The stock up 5% to Rs 657 after the company posted 52% YoY jump in net profit at Rs 31 crore in Q1FY17.