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.
All that happened in the markets today
For the quarter ended June 2020, NMDC reported a 55 per cent slump in its net profit at Rs 533 crore.
Company reported negative EBITDA for the quarter at Rs 49 crores as against positive EBITDA of Rs 56 crores in Q1FY20.
On Friday, Indiabulls Ventures said it will raise Rs 588 crore by issuing preferential shares to certain foreign investors
Under the transaction, Adani Group will acquire 50.5 per cent stake of GVK group
Here's a list of the stocks that may trade actively in today's trading session
All that happened in the markets today
For the quarter ended June 2020, Sun Pharma reported a surprise loss due to one-time charges.
It had logged a net profit of Rs 99.74 crore in the year-ago period
Reports suggest that Aditya Birla Sun Life MF has increased its stake in the company from 4.86 per cent to 6.14 per cent
The deal values EWM at around Rs 4,300 crore and "unlocks value" for shareholders, the company said
NMDC's turnover during the first quarter was Rs 1,938 crore compared to Rs 3,264 crore during the corresponding quarter last fiscal.
According to the restructuring process, the non-airport business, comprising energy, urban infrastructure, and EPC services, will be moved to GMR Power and Urban Infra Ltd (GPUIL) as a going concern
Here's a list of stocks that may trade actively in today's session.
From its recent low of Rs 338.2 (on closing basis), hit on May 22, 2020, the stock price of the lender has surged 68 per cent on the BSE till Wednesday
For the quarter ended June 2020, Godfrey Phillips India's consolidated net profit dropped 53.56 per cent to Rs 55.10 crore.
The company's board of directors has recommended a dividend of Rs 49 per equity share for the financial year ended June 30
Other Future Group companies' stock also rallied on the development, with Future Retail surging 7 per cent
The temporary reduction in stamp duty will likely help support sales of Mumbai-centric players like Oberoi Realty, Godrej Properties and Sunteck Realty, said analysts at Kotak Institutional Equities
The government will sell a stake of about 10 per cent, with an option to sell a further 5 per cent in the company, according to a stock exchange filing on Wednesday.