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.
In the past one month, the stock has rallied 73% compared to a 4.5% rise in the S&P BSE Sensex.
At 9.20am, the Sensex was at 27,975, higher by 30 points and the Nifty was at 8,451, up 7 points.
Markets are likely to open flat with negative bias following the subdued cues from the global markets
Provisionally, the sesex closed 85 points lower at 27,936 levels and the Nifty dropped 11 points to end at 8,442
Auto stocks rallied on healthy June sales growth
In the past three trading sessions, the stock has rallied 27% compared to a 1.3% rise in the S&P BSE Sensex.
Exports in June 2015 surged 26% to 43,025 compared with June 2014
The broader markets are outperforming the larger peers. BSE Midcap and Smallcap indices are trading higher by 1% each
Thus far in 2015, the stock rallied 68% as compared to 2% rise in the S&P BSE Sensex.
IOC has rallied nearly 6% to Rs 413. HPCL and BPCL have surged 4% and 2%, respectively on the BSE in intra-day trade
Auto stocks, including Bajaj Auto, M&M and Hero Motocorp, are seeing buying interest post the June auto sales numbers.
Janus Overseas Fund had bought 1.52% stake in Vakrangee during the April-June quarter.
The stock up 2% after the company said it sold total 331,317 units in June 2015.
The stock has hit a high of Rs 76.40 in intra-day trade so far and is slightly away from its record high of Rs 77 touched on NSE in April this year
The IT and banking stocks are subdued this morning, while the auto and metal pack is seeing some buying interest.
Hero MotoCorp, Ashok Leyland and Axis Bank are some of the stocks that are likely to be on the investor's radar this morning.
Capital goods, IT and financials were the top gainers
The stock rallied 6% to Rs 754 on the BSE.
At 1403 hours, CNX PSU Bank index was up 2.8% at 3,318 points as compared to 1% rise each in CNX Nifty and Bank Nifty.
Capital goods shares gains on robust May core sector growth while auto shares gained post June sales from Maruti Suzuki