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.
Rupee has hit at two-year low of 64.66 against the US dollar on yuan devaluation
The stock is trading at its 52-week high of Rs 355, zoomed 25% in past two trading sessions from Rs 283 on August 10.
The stock was up 5% to Rs 155 after the company secured new orders in transmission and distribution as well as telecom cable businesses.
Movement of rupee and crude coupled with Parliament proceedings is likely to dictate the trend on the bourses
Provisionally, the Sensex closed at 27,885 levels down by 217 points and the Nifty ended 59 points lower at 8,467
The stock rallied 16% to Rs 237, extending its previous day's 15% surge on the BSE.
JK Tyres, MRF, Ceat ,and Goodyear India were down 4%-6% on the BSE.
Snowman Logistics, Sharda Cropchem, VRL Logistics and Shemaroo are quoting more than 60% higher than their issue price.
The government has listed the GST bill for consideration and passing in Rajya Sabha today
Net interest income for June 2015 was lower at Rs 13,732 crore compared with analysts estimate of Rs 15,344 crore
According to a media report ABD has called off acquisition plans because of differences over valuation
Net profit for Apr-Jun 2015 jumped nearly five-fold to Rs 7.7 crore compared to same quarter last fiscal
Hindalco, Tata Steel, ITC and HUL are among the nmajor losers on the BSE; IT stocks buck the weak trend.
The stock has surged by 61% thus far in 2015, compared to a sub-3% rise in the CNX Nifty.
Losses in financials and auto shares offset gains in the technology pack
The stock plunged 9% to Rs 128 after the company posted net profit at Rs 2.90 crore in June quarter against Rs 138 crore in a year ago quarter.
The stock listed at Rs 295, an 18% premium against its issue price of Rs 250 per share on the BSE and NSE.
The stock rallied 11% to Rs 1,768, also its record high on the BSE.
The stock dipped 5% to Rs 224 after the company reported 29% Y-o-Y decline in net profit at Rs 56.80 crore in the June quarter.
Metal stocks may be under pressure after China devalued its currency, yuan