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.
The stock surged 10% to Rs 434 on the BSE in early morning trade on back of heavy volumes.
Firm gains in Asian markets and overnight rally on Wall Street is likely to boost sentiment in early trades
Ashok Leyland, Britannia Ind, Eicher Motors, HPCL, UPL, Marico, Aurobindo, Indiabulls Housing and Bosch gaining over 100% since May 16, 2014.
PSBs are trading weak after reporting a disappointing set of numbers for the quarter ended March 31, 2016
The board recommended total dividend of Rs 70 per share including a special dividend of Rs 50 per share for FY16.
The stock rallied 12% to Rs 507 after the board approved to issue 500,000 shares at Rs 500 per share to non-promoters investors.
Thus far in 2016, JP Associates, Jaypee Infratech and JP Power Ventures were down between 40%-52%
Finolex Ind, IndusInd Bank, KPR Mills, Supreme Industries and Cholamandalam Investment from the BSE-500 index have touched their respective lifetime highs.
Bank of Baroda was the top loser after reporting huge losses in the March quarter
At 09:43 am, Nifty PSU Bank index was down 2.6% as compared to a marginal 0.04% gain in Nifty 50 index.
The stock surged 10% to Rs 1,370 after the company 50% YoY growth in profit at Rs 33 crore in Q4FY16.
Here are a few stocks that are likely to be in focus in trade today
The stock hit a fresh 52-week high of Rs 128 in intra-day today and rallied 110% in past one-week from Rs 61 on Friday, May 6, 2016.
Tata Chemicals, RCF, GSFC, Chambal Fertilisers and Mangalore Chemicals were up 1%-3%.
Bank shares were the top losers after rise in consumer price inflation dashed hopes of a rate cut by the Reserve Bank of India.
The stock dipped 7% to Rs 18,380 on NSE after 1.14 million shares changed hands via block deal.
At 11:59 AM, the stock was up 6% at Rs 6,040 on the BSE as compared to 1% decline in S&P BSE Sensex.
The stock locked in upper circuit of 5% at Rs 135 on the National Stock Exchange.
At 10:50 am, the Sensex is down 220 points to trade 25,565 at and the Nifty50 has shed 64 points to quote at 7,836
The stock rallied 7% to Rs 366; also its record high on the BSE.