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.
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.
The stock surged nearly 10% to Rs 380 on the BSE after the management guided for 12-15 launches over FY17.
Tata Motors, Hero MotoCorp, Bajaj Auto, Ashok Leyland and Maruti Suzuki were up 1%-4% on the NSE.
Blue Dart Express, Allcargo Logistics, Gateway Distriparks and Transport Corporation were up between 2%-3% on the BSE.
The stock rallied 7% to Rs 650 also its 52-week high on the National Stock Exchange in early morning trade.
The stock moved higher by nearly 4% to Rs 372, bouncing back 16% from intra-day low of Rs 322 on the BSE.
The stock rallied 16% to Rs 289, also its 52-week high on the BSE in intra-day trade.
The BSE Mid-Cap index was currently down 1.25%