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.
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The company is likely to witness 13.6 per cent sales growth mainly led by volume growth of 7- 8per cent on account of supply chain benefits under GST regime.
The Nifty Auto index settled 4 per cent higher led by a rally in shares of Mahindra & Mahindra and Maruti Suzuki India. The Nifty Bank index, too, rose 2.5 per cent led by IndusInd Bank and ICICI Bank
Nifty Auto (up 4.02%) and the S&P BSE Auto (up 4.2%) indices were up more than 4%, as compared to 2% rise in the benchmark indices at 02:38 PM.
Tata Power soared 16% to Rs 72.15 on the BSE in intra-day trade on the back of an over 10-fold jump in trading volumes, while Adani Power up 14% to Rs 34.10, surging 42% in past three trading days.
The stock was trading 2.4% higher at Rs 1,566 on the BSE.
InterGlobe Aviation that runs IndiGo, Jet Airways (India) and SpiceJet were up in the range of 4% to 5% on the BSE. On comparison, the S&P BSE Sensex was up 1.8% at 34,625 points at 10:38 am.
The stock was down 3% to Rs 1,925 in otherwise firm market after the company reported a lower than expected revenue growth of 3.7% in constant currency terms in September quarter on sequential basis.
The stock was up 6% to Rs 255 on the BSE in early morning trade, rallying 24% thus far in the current week as compared to 0.92% rise in the S&P BSE Sensex.
Among sectoral indices, the Nifty FMCG index fell 1.5 per cent led by a fall in ITC and Hindustan Unilever. The Nifty IT index, on the other hand, settled 1.9 per cent lower weighed by Infosys.
Eveready Ind, Eros International Media, VA Tech Wabag, Suzlon Energy, Shakti Pumps and Rolta India were 73 stocks from the S&P BSE 500 and S&P BSE Smallcap index hitting 52-week lows today.
The stock hit a new high of Rs 718, rallying 8% in two days after the company's drug substance manufacturing site at Bengaluru campus by the US health regulator has concluded without any observations.
The stock slipped 6% to Rs 553 on the BSE in intra-day trade after the company said that BNP Paribas Cardiff may trim stake in the company to comply with minimum shareholding norms.
Among sectoral indices, the Nifty Bank index settled 1.4 per cent higher led by a rise in the shares of SBI and Axis Bank.
The board will decide the future course of action after the RBI curtailed the term of its MD and CEO Rana Kapoor and asked the bank to look for a replacement by January 2019.
Shares of Hindustan Petroleum (HPCL) was trading two and a half per cent lower at Rs 242 while those of Indian Oil was down 1 per cent at Rs 153.5.
HCL Technologies hit a record high of Rs 1,125, up 2.6% in intra-day trade, surpassing its previous high of Rs 1,107 recorded on April 23, 2018, on the BSE.
Escorts, Force Motors, Maharashtra Scooters, VST Tillers, Eicher Motors, Atul Auto, Amara Raja Batteries, Exide Ind, Motherson Sumi Systems and Minda Ind were down 10% to 28% in past one month.
DHFL surged 25% to Rs 439, while Infibeam Avenues and IL&FS Transportation Networks soared 20% each on the BSE in intra-day trade.
Reliance Capital, Reliance Power, Reliance Infra, Karnataka Bank, Karur Vysya Bank, Ujjivan Financial, IFCI, Manappuram Finance and PNB Housing among 68 stocks from the Nifty 500 index hit 52-week low