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 company has received lenders' approval for long-term restructuring of about Rs 30,000 crore loans under a scheme of RBI.
The collaboration will benefit from synergies in key vertical markets
The stock is up 8% to Rs 361, extending its previous day's 15% surge on the BSE.
The first quarter corporate results season will kick off today with TCS announcing its Q1 results
The stock was up 6% at Rs 117, extending its previous day's 15% rally on the NSE.
Since April, the CNX IT index has dipped nearly 9% against a sub-2% decline in the CNX Nifty.
TCS and Bajaj Auto are trading lower ahead of their Q1 numbers to be announced during the day.
The stock was listed at Rs 300, which is 6% below its issue price of Rs 320 a share on the National Stock Exchange.
The stock was up 4% to Rs 883 after the company reported more-than-double jump in consolidated net profit at Rs 7.22 crore in the June quarter.
The stock surged 8% to Rs 582, hitting a record high of Rs 598 on the NSE in opening trade.
Investors would remain cautious ahead of the corporate earnings results season, starting from today
Provisionally, the Sensex lost 520 points to end at 27,652 and the Nifty slumped 159 points to close at 8,351
Thus far in 2015, the stock has outperformed the market by gaining 90% compared to a sub-2% rise in the Sensex.
In the past one month, the stock zoomed 86% compared to a 5% rise in the CNX Nifty.
Metal stocks declined on softening commodity prices and concerns over lower demand from China
Investors are keenly awaiting the minutes of the US Fed meet later today
The stock dipped 7% to Rs 800 after UBS downgrade the YES Bank to 'Sell' with a lower price target of Rs 740.
Vedanta, Hindalco, SAIL, Tata Steel and Tata Sponge were down 4%-13% on the NSE in intra-day trade.
The stock hit a 52-week low of Rs 405, plunging 33% from its record high of Rs 606 touched in February this year.
At 11:10 AM, the Sensex was at 27,762 levels, down by 410 points while Nifty fell was at 8,377, down by 133 points