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.
Ashok Leyland, Cummins India, GlaxoSmithKline Pharma, Indiabulls Housing and Motherson Sumi are among the midcap stocks to hit record highs.
The stock moved higher by 7% to Rs 102, extending its previous day's 20% rally on the BSE.
The stock gained 4% to Rs 1,558 after the company posted 13-fold jump in standalone net profit at Rs 168 crore in June quarter.
Information technology and pharma stocks are in the limelight this morning, while select banking stocks are under pressure.
On August 5, L&T sold 1.85 million shares or 13.66% stake in Salzer at an average price of Rs 290.25 per share.
IT stocks will be in focus after robust earnings from Cognizant
The stock has surged by 10% to Rs 7,000 on the BSE in early-morning trades.
IT majors were the top gainers along with steel stocks
The stock dipped 10% to Rs 215 in noon deals, extending its previous day's 5% decline on the BSE.
Net sales for Apr-Jun 2015 declined 14% to Rs 227 from Rs 264 in Apr-Jun 2014
The stock hit a record high of Rs 1,159 on the NSE and has rallied 100% in the past one month from Rs 580 on July 3.
All sectoral indices on the BSE are trading in the green, led by the metal and IT sectors.
Net profit for the quarter surged 286% to Rs 309 crore compared with Rs 80 crore in Apr-Jun 2014
The stock has surged by 12% to Rs 2,213 after the company spoke about plans to set up a die-casting unit in the US.
Tata Steel, SAIL, JSW Steel, JSPL and Bhushan Steel are trading higher between 2-1.5% on the BSE
Till 10:31 AM, a combined around 3.05 million shares or 4.6% of total equity of Balaji Telefilms changed hands on the BSE and NSE.
IT majors were the top gainers along with index heavyweights RIL and ITC
The stock gained 3.3% at Rs 428 after the company posted a 40% YoY jump in consolidated net profit at Rs 1,554 crore in the June quarter.
The Sensex was up 217 points at 28,289 and the Nifty was up 62 points at 8,579
Markets are likely to start the session on a flat-to negative note mirroring mixed global cues