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.
Since June 11, when the Sensex hit a recent low of 26,371, the midcap and smallcap indices have surged by 12% each; the Sensex has gained 6% during the period.
The stock up is 2% at Rs 4,419 after the company reported a strong 20% Y-O-Y growth in July sales at 1.22 lakh units.
The stock moved higher by 8% to Rs 29.15 after the company secured Rs 477 tankage order from Mitsubishi Heavy Industries of Japan.
PSU banks were the top gainers on capital infusion plans by the government and rate cut hopes
In the past three trading sessions, the PSU bank index has rallied 12.5% against a 2.1% rise in the benchmark index.
Weakness in the Asian peers amid signs of a deepening slowdown in China's economy capped the upside gains
Net profit for Q1 was Rs 1,047 crore on exceptional gain of Rs 1,314 crore
The stock surged 18% to Rs 398 after the company posted 19% YoY increase in net profit at Rs 197 crore for the first quarter ended June 30, 2015.
Net profit for Apr-Jun dipped 5.9% q-o-q while EBIT margin was below estimates at 20.1%
At 09:51 AM, the stock was up 4% at Rs 311 after the board resolved to raise $150 million from KKR Jupiter Investors Pte. Ltd.
Select auto and banking stocks are in the limelight this morning; while L&T has slid post its earnings.
HCL Technologies, Maruti Suzuki, Hero MotoCorp, Titan, L&T, Suzlon and SPARC will be in focus today
Provisionally, the Sensex surged 384 points to end at 28,089 and the Nifty soared 109 points to close at 8,531 levels.
The stock dipped 5.5% to Rs 321 after the company reported a 15% Y-o-Y decline in net profit at Rs 151 crore in the June quarter.
SBI, Union Bank, IDBI, Canara Bank, Allahabad Bank, Bank of India, Oriental Bank & Bank of Baroda were up 5%-7%.
The company will provide marketing, promotional and pick-up services to Amazon India
The stock is up 6% to Rs 309 after the bank said that its gross NPAs stood at 3.68% in the June quarter against 3.78% in March.
Net profit for June 2015 quarter was flat at Rs 412.85 crore vs Rs 412.15 crore in Apr-Jun 2014
Broad based buying in visible across all sectors with BSE Healthcare, Metal, Realty and Auto indices higher up to 2%
Sensex and Nifty have hit an intra-day high of 28,022 and 8,503 levels, respectively