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 surged 16% to Rs 408 after reported net profit of Rs 21.70 crore in March quarter against loss of Rs 11.36 crore in the year ago quarter.
The stock surged 5% to Rs 305 after reported 23% year on year jump in standalone net profit at Rs 3,742 crore in March quarter.
Sensex has soared 214 points to trade at 28,023 levels while the Nifty has surged 55 points to quote at 8,476 mark
The stock dipped 5% to Rs 58.25 after reporting a 56.5% year-on-year decline in net profit at Rs 66 crore in the March quarter.
The company has reported a better-than-expected 17.5% YoY growth in net profit at Rs 118 crore in the March quarter.
The stock soared 12% to Rs 2,555, also its record high on the NSE, in early morning trades.
At 12:15, the 30-share Sensex was higher by 215 points at 28,024 and the Nifty gained 57 points at 8,478
The company said that net profit for the financial year 2015-16 is expected to be flat.
Thus far in 2015, the stock surged 63% to Rs 790 from Rs 486 compared to 2% rise in the CNX Nifty.
The company has received one product patent from Mexico and one from Singapore for new chemical entities to treat neuro-degenerative diseases.
Top gainers on the Sensex are SBI, ITC, ONGC, HDFC and ICICI Bank
The company has weakened by more than 6% this morning after posting a weak set of numbers for FY2014-15.
On the corporate earnings front, Coal India, ITC and State Bank of India (SBI) will announce their Q4 results today
Reliance Industries, Wockhardt, ICICI Bank, SpiceJet, SBI and ITC are likely to be in the limelight this morning
Provisionally, the Sensex slipped 44.53 points to end at 27,792.68
The stock has moved higher by 8% to Rs 258 after the company said that it has sold its entire launched inventory at Godrej Icon in Gurgaon.
The stock moved higher by 7% to Rs 1,171 after the company inked an agreement to acquire the generic pharmaceutical business in Australia and related assets from Aspen.
The board has recommended a dividend of Rs 50 per share (500%).
At 1:40 PM, the Sensex is at 27,863, up 25 points and the Nifty is quoting at 8,432, up 9 points
The stock tanked nearly 20% to fresh 52-week lows of Rs 138 on the BSE in intra-day trades.