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 stock is down nearly 2% at Rs 464, extending its past week's 10% decline on the NSE.
The broader markets are outperforming the larger peers. BSE Midcap and Smallcap indices are up between 0.2-0.6%
The board will meet on July 11 to consider a proposal for investment by a potential investor
At 1137 hours, CNX Metal index was down 1.7% at 2,230, compared to 0.81% decline in the CNX Nifty.
Thus far in 2015, the stock has zoomed 187% compared to sub-2% rise in the CNX Nifty.
Metals, banking, capital goods and IT stocks are laggards this morning, while the pharma space bucks the trend.
Panic over Greece exit, which has spread across the Asian markets, is weighing on the local equities.
At 1016 hours, BPCL was up 3% at Rs 929, while HPCL and IOC were up 2% each at Rs 788 and Rs 423 respectively.
According to reports, the Kishore Chhabria-controlled Allied Blenders & Distillers has entered the final round of negotiations to acquire a controlling stake in the company.
At 0921 hours, the stock was up 2% at Rs 1,458 on the NSE.
The stock up nearly 4% at Rs 818 on the BSE in early morning trade.
The movement of Rupee and crude oil is likely to dictate the trend on the bourses later during the session
Provisionally, the Sensex gained 166 points to end at 28,112 and the Nifty climbed 44 points to close at 8,489
Till 1510 hours, a combined 26.3 million shares changed hands and there were pending buy orders for 250,000 shares on the NSE and BSE.
Pharma shares were led by Lupin which gained following acquisition in Russia
The stock touched a lifetime high of Rs 5,596 in intra-day trades, rallying by 30% in the past one month from Rs 4,317 on the BSE.
Sales in June 2015 jumped 15% drive by the truck segment
The board has approved setting up mobile phone manufacturing unit
The top gainers on the Sensex are Lupin, HDFC, BHEL, Cipla, and L&T
Till 1034 hours, a combined 2.41 million shares changed hands and there were pending buy orders for 1.59 million shares on the BSE and NSE.