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.
On Monday, the S&P BSE Sensex ended at 35,160, up 191 points while the broader Nifty50 index settled at 10,739, up 47 points.
Benchmark indices hit a near three-month high on Monday, as technology shares gained.
It said Rahul Bhatia, a promoter of the company, has been appointed as the interim CEO.
The company reported a consolidated net profit of Rs 94.35 billion for the quarter ending March 31
The stock tanked 34% to Rs 157, its fresh 52-week low on the BSE in intra-day trade on Friday.
The stock dipped 2.5% to Rs 8,721, falling 5% from its intra-day high of Rs 9,142 on the BSE.
SBI, BOB, Oriental Bank of Commerce, Union Bank of India, Andhra Bank, Bank of India, Canara Bank and Allahabad Bank were up in the range of 5% to 7% on the NSE.
HIL reported a net profit of Rs 200 million in March quarter against Rs 70 million in year ago quarter.
The stock was up 5% to Rs 522 on expectation of sustained ROA expansion over the next 24 months to drive a multiple expansion as asset quality distractions recede.
So far in the calendar year 2018, MRF shares have beat the market by gaining 8% against 0.1% decline in the S&P BSE Sensex.
All that happened in the markets on Thursday
Thus far in the calendar year 2018, shares of Dish TV India had underperformed the market by falling 10% as compared to a marginal 0.44% decline in the S&P BSE Sensex till Wednesday
HPCL, BPCL and IOC were down over 2.5% each on the BSE
At 11:28 am; the S&P BSE IT index, the largest gainer among sectoral indices, was up 2.7% as compared to 0.24% rise in the S&P BSE Sensex
Bandhan Bank with an m-cap of Rs 640 billion stood at 50th position in overall m-cap ranking on the BSE at 10:37 am, the exchange data shows.
The stock was up 4% to Rs 518 on the BSE after the company said that it won orders worth of Rs 5,200 million under Namami Gange scheme and repeat order from oil & gas sector
All that happened in the markets on Wednesday
The stock hit a record high of Rs 340, up 12%, rallied 37% thus far in the month of April, as compared to 3% rise in the S&P BSE Sensex.
With an m-cap of Rs 3.06 trillion, HUL now features fifth in the list by replacing India's largest mortgage financier, HDFC, which have m-cap of Rs 3.03 trillion at 01:20 pm; the BSE data show
The stock rallied 10% to Rs 281, its highest level since August 24, 2010, on the BSE on back of heavy volumes