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
Nifty PSU Bank index, the top loser of the day, fell 2.10 per cent led by decline in State Bank of India. The Nifty Auto index settled 1.21 per cent lower driven by a fall in Eicher Motors
The stock is locked in upper circuit of 20 per cent at Rs 588 on the BSE after the company reported an over six-fold jump in net profit at Rs 4.6 crore in December 2018 quarter.
BASF India, Finolex Cables, Natco Pharma and Rallis India were among 39 stocks from the S&P BSE 500 index hitting their respective 52-week lows on the BSE in intra-day trade on Wednesday.
The stock was up for the fifth straight day, up 3 per cent at Rs 915 on the BSE in intra-day trade on Wednesday, trading at its highest level since listing on October 8, 2018.
The stock rallied 13% to Rs 415 on Wednesday on the back of heavy volumes.
The stock dipped 7% to Rs 620 after the company reported 27 per cent drop in consolidated net profit at Rs 159 crore for the quarter ended December 2018.
The stock dipped 15% to Rs 28.60, also its 52-week low on the BSE, after reported a consolidated net loss of Rs 150 crore in December quarter against Rs 28 crore in a year ago quarter.
The company posted net profit of Rs 1,241.85 crore against Rs 321.57 crore logged in the corresponding quarter of the previous fiscal.
The stock was up 4% at Rs 1,235 after the company reported strong growth of 51 per cent in net profit at Rs 103 crore in December 2018 quarter.
The domestic unit on Tuesday strengthened by 48 paise to close at one-month high of 70.70 against the dollar.
Here's a look at the top stocks that may remain in focus today -
The stock tanked 12% to Rs 271, also its 52-week low on the BSE, after the company reported 81% drop in Ebitda at Rs 80 crore in Q3FY19.
All that happened in markets today
LEEL Electricals, RCom, Siti Networks, IL&FS Transport Network, Punj Lloyd, The Byke Hospitality and Rolta India have tanked more than 50% thus far in the current calendar year 2019.
HEG was down 8% to Rs 2,025 ahead of December quarter result later in the day
The stock surged 9 per cent to Rs 914 on the BSE on Tuesday in early morning trade after the company reported strong growth of 33 per cent in net profit at Rs 107 crore in December 2018 quarter.
ITDC, GMDC, IFB Industries, Chennai Petroleum Corporation, Indiabulls Housing Finance, Uflex and Take Solutions were among 31 stocks from the S&P BSE 500 index hitting 52-week lows today.
Mahindra & Mahindra and its subsidiary Mahindra Vehicle Manufacturers reported a 60 per cent YoY rise in their consolidated net profit at Rs 1,476 crore for third quarter (October-December) of FY19.
The stock slipped 15% to Rs 382, falling 49% against its issue price of Rs 750 per share on the BSE.