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.
Thus far in 2016, the stock underperformed the market by falling 7%, as compared to 7% rise in Sensex till yesterday.
The stock rallied 15% to Rs 582, also its record high on the NSE in intra-day trade, on the back of heavy volumes.
The stock hit a 52-week high of Rs 136, rallied 62% from Rs 83 on the NSE since August 9.
IT shares and ICICI Bank were among the top losers
The stock surged 8% to Rs 322, also its 52-week high on the BSE in early morning trade.
A combined 264,071 shares changed hands and there were pending sell orders for 26.26 million shares on the NSE and BSE at 09:26 am.
Nifty Metal index was up 1% at 2,623, as compared to 0.15% fall in the Nifty 50 index at 01:47 pm.
Capital goods shares firmed up with majors state-owned BHEL
Taj GVK Hotels rallied 20% to Rs 148, while Indian Hotels up 5% at Rs 139 on the BSE.
The stock dipped 9% to Rs 67 on BSE after the company reported a sharp 73% YoY decline profit at Rs 56 crore for Q1FY17,
At 10:08 am, 1.43 million equity shares representing 2.57% of total equity of La Opala RG changed hands on the BSE.
The stock moved higher to its new high of Rs 3,954, up 2%, extending its Thursday's nearly 5% rally on the BSE.
SBI up nearly 4% to Rs 257, while SBT surged 9% to Rs 550 and SBBJ up 4% to Rs 700 on the BSE in intra-day trade.
23 stocks include UltraTech Cement, YES Bank, Escorts, Delta Corp, LIC Housing, Piramal Ent and Jubilant Life hit record highs.
Ugar Sugar, Dwarikesh Sugar, Oudh Sugar, Parrys Sugar, Rajshree Sugar, Dharani Sugars and Mawana Sugars hit upper circuit on the BSE.
The stock hit a record high of Rs 474, surging 44% in past seven trading sessions, as compared to 0.13% fall in Sensex.
Financials continue to be the top gainers led by private banks
The Sensex and the Nifty trimmed gains after both these indices hit their highest level in more than a week
The stock hit a record high of Rs 383, appreciated 79% from Rs 214, as compared to 1.4% rise in the Sensex.
Indian Bank, Canara Bank, IndusInd Bank, Punjab National Bank were up more than 2% each on the NSE.