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.
Polycab India surged 7 per cent to Rs 915, surpassing its previous high recorded on October 30 in the intra-day trade.
All that happened in markets today.
Profit before tax (PBT) for the quarter under review came in at Rs 1,706.47 crore against Rs 2,700.84 in the corresponding quarter of the previous fiscal.
Calling the quarter gone by as "the toughest in this decade", the management said weak end-demand across sectors due to the sluggish macroeconomic environment led to the continuous decline in demand
DLF was among the eight stocks that were included in the MSCI's India Domestic Index
The company announced business re-structuring plan with demerger of its core Lifestyle business into a separate entity.
In Q2FY20, compressed natural gas (CNG) sales volume increased by 10 per cent and piped natural gas (PNG) sales volumes increased by 12 per cent over Q2FY19.
The changes will come into effect from November 26 post market hours, the report added.
All that happened in markets today.
The company has emerged as the highest bidder for Gare IV/1 coal Block (rated capacity 6MTPA) in the recently held coal block auctions at a closing bid of Rs 230/t.
The stock has more than doubled from its recent low price of Rs 70, touched on August 14 in the intra-day deal.
The management said consumer products segment registered a moderate growth of 9 per cent YoY in the top line on account of an overall slowdown in the economy
The stock of JB Chemicals has underperformed the market since it touched its recent high of Rs 405 on September 13, 2019.
It has appreciated 95 per cent from its listing day low of Rs 690 per share. The company had issued shares at price of Rs 856 per share in the initial public offer (IPO).
The domestic unit on Wednesday snapped its three-session winning streak to end at 70.97, down 28 paise.
Here's a look at the top stocks that may remain in focus today.
Backing Parekh, the chairman of the IT bellwether said that he would give full credit to the CEO for the company's growth.
The company reported robust volume growth as domestic organic growth up by 17.5 per cent and internationally it grew 27 per cent.
The management believes that these observations are related to procedural improvements and none of the observations are related to data integrity.
The agreement will be announced later in the day at the China International Import Expo (CIIE) in Shanghai.