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.
BSE Bankex was up 0.3% while Bank Nifty was trading with marginal gains
Ceat, MRF, Goodyear India, Apollo Tyres, JK Tyre and Balkrishna Ind were trading higher by 1%-7% on the BSE.
Provisionally, the Sensex closed 97 points lower at 28,090 levels and the Nifty finished 19 points lower at 8,524
At 03:11 PM, the stock was down 7% at Rs 1,625, emerging as the top loser in BSE500 index compared to 0.50% decline in Sensex.
The stock soared by 15% to Rs 432, bouncing back 17% from its intra-day low of Rs 370 on the BSE.
The top losers are GAIL, ONGC, Infosys, Tata Motors and RIL, down between 1.4-2.6%
At 11:33 AM, CNX PSU Bank index was up 2% at 3,617 compared to a marginal 0.01% rise in the CNX Nifty.
In the banking space, SBI, Axis Bank, PNB and Bank of Baroda and ICICI Bank are up between 0.2-3%
The stock has surged 5% at Rs 1,629 after the company said that it has received the final approval from US FDA for its three ANDAs.
BSE Bankex was the top loser among sectoral indices down 0.5%
Q1 net profit surged 97% to Rs 51.6 crore compared with Rs 26.2 crore in Apr-Jun 2014
The stock has surged 13% to Rs 141 after the company reported a 24.5% YoY growth in net profit at Rs 11.44 crore in the June quarter.
Net profit for Q1 zoomed 360% to Rs 25.3 crore compared with Rs 5.5 crore in Apr-Jun 2014
The stock has rallied nearly 4% at Rs 2,800 on the BSE in early morning trades.
Banks, auto, and realty shares will be in focus ahead of the RBI policy later today
Provisionally, the Sensex ended up 45 points at 28,159 and Nifty ended up 5 points at 8,538
The stock has corrected by 12.5% post the company's April-June 2015 quarter results, compared to a 0.56% decline in the Sensex.
The company reported a consolidated net profit of Rs 19 crore in June quarter against loss of Rs 71 lakh in a year ago quarter.
Maruti Suzuki, LIC Housing, Dr Reddy's and Cummins India have hit new highs
Rate-sensitive sectors like banks, auto and realty ahead of the RBI's third bi-monthly monetary policy review