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.
Meanwhile, shares of all three listed companies of Jaypee Group were trading at 52-week lows on the BSE.
The FMCG and metal stocks are dragging the indices lower in mid-morning trades.
The stock dipped 7% to Rs 688 after reporting a 14% year-on-year decline in net profit at Rs 18.86 crore in the March quarter.
By 10:50, the Sensex was lower by 72 points at 27,766 and the Nifty was quoting at 8,402, down 22 points
In the past one week, the stock rallied 22% from Rs 161 on May 14, compared to a 2% rise in the benchmark CNX Nifty.
At 0958 hours, the stock was up 11% to Rs 312 on the BSE, accompanied by over 10-fold jump in trading volumes.
Tata Steel, Tata Power, Cipla, Vedanta and BHEL have slumped between 1-5%
The stock dipped 5% to Rs 344 after reporting a consolidated net loss of Rs 5,674 crore in the quarter ended March 2015.
The company said its order book will increase to approximately Rs 10,900 crore and will be executed in the next four years.
Provisionally, the Sensex zooms 192 points to end at 27,837 and the Nifty surged 48 points to close at 8,414
The stock dipped nearly 5% to Rs 1,228, declining by 8% from an intra-day high of Rs 1,332, on the NSE.
At 1311 hours, CNX IT index was up 1.8% compared to less than 1% gain in the benchmark CNX Nifty.
At 12.50 PM, the Sensex is up 176 points at 27,821 and the Nifty is quoting at 8,418, up 52 points
The stock dipped 4% to Rs 600, extending its previous day's 3.5% fall after the company fixed a floor price at Rs 562.56 for the QIP issue.
At 11:16 AM, the Sensex was up 242 points at 27,887 and the Nifty is quoting at 8,436, up 70 points
The stock rallied 8% to Rs 626 after the company said its board will meet on May 22, to consider the proposal for declaration of bonus issue of equity shares of the company.
The stock surged 7% to Rs 324 after it bagged an order from the Canadian passenger car aftermarket for the supply of wheels.
ICICI Bank, HDFC, Infosys, TCS and Tata Power are the major gainers on the BSE.
The stock dipped 4% to Rs 572 after reported a lower than expected 10% yoy growth in consolidated net profit of Rs 81 crore in March quarter.
The stock rallied 8% to Rs 259 after the company reported an over five-fold jump in consolidated net profit at Rs 15 crore in the March quarter.