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.
Maruti Suzuki India, Reliance Communications and Ramco Systems are likely to react to newsflow
The stock slipped 11% to Rs 127 after reporting 80% QoQ decline in consolidated net profit at Rs 3.29 crore in March quarter.
At 9:35AM, the 30-share Sensex was up 22 points at 27,199 and the 50-share Nifty was up 3 points at 8,216.
The stock tanked almost 24% to Rs 1,243 on the National Stock Exchange in intra-day trade.
The 30-share Sensex provisionally ended down 291 points at 27,147 and the 50-share Nifty slipped below its 200-day simple moving average to end 100 points lower at 8,206.
The stock was down 2.2% at Rs 301, falling 3.5% from its intra-day high of Rs 312 on the NSE.
The stock moved higher by 3% at Rs 3,648, recovering 4% from its intra-day low on the NSE.
Dr Reddy's Lab, HDFC, HUL, SBI and Hero Motocorp are the top losers
Rakesh Jhunjhunwala sold 2.43 million equity shares at Rs 276 per share, through a bulk deal on the BSE on Friday
The stock moved higher by 5% to Rs 397, just away from its record high of Rs 399 touched on the NSE in last month.
At 12.00 PM, the Sensex is quoting at 27,371, lower by 67 points and the Nifty has slipped below 8,273, down 32 points
The midcap and smallcap indices have shed nearly two percent each.
Symphony, Rolta India, Marico Kaya, Titagarh Wagons, Cera Sanitaryware & Astra Microwave were down over 5%.
Net profit for the March quarter was up 48% at Rs 137 crore
All the sectoral indices are in the red, with capital goods, oil and gas, and IT sector ranking among the major losers this morning.
Since April 15, the shares of Kotak Mahindra Bank have lost 5.4% compared to 5% decline in CNX Nifty and 3.8% drop in Bank Nifty
The company registered new orders of Rs 2,669 crore in March 2015 quarter compared to Rs 2,623 crore in a year ago quarter.
Net profit for March quarter more than doubled to Rs 4.60 crore on the back of strong sales growth.
Markets likely to remain volatile ahead of F&O expiry
The 30-share Sensex provisionally ended down 252 points at 27,483 and the 50-share Nifty ended down 77 points at 8,321.