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.
In the broader markets, the S&P BSE MidCap index settled 2.4 per cent lower while the S&P BSE SmallCap index slipped 2.7 per cent on Monday.
Tech Mahindra, Mphasis, Firstsource Solutions, Persistent Systems, HCL Technologies and Larsen & Toubro Infotech from the BSE IT index were up in the range of 1% to 2%.
Reliance Home Finance, Central Bank of India, Repco Home Finance, Cholamandalam Investment and Ujjivan Financial Services were down in the range of 5% to 15% on the NSE.
The stock surged 19% to Rs 137, extending its Friday's 5% gain on the BSE after the company said that its board will meet on Wednesday, September 26, to consider share buyback proposal.
Usha Martin rallied 16% to Rs 36.40 on BSE after Tata Steel has executed a definitive agreement for the acquisition of the company's steel business through a slump sale on a going concern basis.
Thus far in the calendar year 2018, IL&FS Engineering, IL&FS Investment Managers and IL&FS Transportation Networks were down 63% to 70%, against 12% rise in the S&P BSE Sensex.
In sectors, the Nifty FMCG index slipped 0.9 per cent, weighed by fall in Godrej Consumer Products and Hindustan Unilever (HUL), which lost 2.7 per cent to end the day at Rs 1,606 levels.
The stock moved higher by 6% to Rs 479 on the BSE after the company said the rating agency Crisil withdrawn its 'D' ratings for non convertible debentures (NCDs) worth of Rs 7.10 billion.
BPCL, HPCL, MRPL, Bharat Infratel, Can Fin Homes, IRB Infrastructure, South Indian Bank and Timken India were among 22 stocks from S&P BSE 500 index that touched 52-week lows in intra-day trade today.
The stock locked in the lower circuit for the second straight day, down 5% at Rs 3,064 on the BSE.
The board of directors of the company will be meet on September 7, 2018, to consider raising funds through issue of equity shares on a preferential basis.
The stock was up 6% at Rs 424 on the BSE after the company reported a 43% year on year growth in net profit at Rs 4.92 billion in Q1FY19.
TCS, which hit a new high of Rs 2,100 in intra-day, has outperformed the market by surging 55% so far in the calendar year 2018 against 13.5% rise in the S&P BSE Sensex.
In individual stocks, banking shares such as HDFC Bank, State Bank of India (SBI), IndusInd Bank and ICICI Bank fell in the range of 1 per cent to 3.3 per cent.
HUL, Jubilant FoodWorks, Dabur India, Nestle India, Britannia Industries, Godrej Consumer Products, Marico, and ITC were trading lower in the range of 2% to 5% on the National Stock Exchange today.
The stock surged 7% to Rs 1,888 on the BSE in early morning trade on Tuesday, trading close to its 52-week high of Rs 1,911 touched on August 21, 2018 in intra-day trade.
Infosys hit a new high of Rs 737, up 3% (adjusted to bonus issue) on the BSE after the shares of country's second largest IT services company turned ex-bonus in the ratio of 1:1.
Hikal hits 52-week high of Rs 192, up 4% on Tuesday, extending its previous day's 15% surge on the National Stock Exchange.
In past 14 trading days, Nifty Pharma index outperformed the market by surging 15% as compared to 2.3% rise in Nifty 50 index.
Sunteck Realty, DLF, Indiabulls Real State, Mahindra Lifespace Developers, Ajmera Realty, Puravankara and Kolte Patil Developers were trading lower in the range of 1% to 3% on the BSE.