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.
The stock listed at Rs 163, a 12% below its issue price on the BSE. On the NSE, the stock opened at Rs 165.
In past two trading sessions, the Nifty PSU Bank index gained 7.9% against 1.2% rise in the Nifty 50 index.
The stock surged 7% to Rs 5,890 after the company posted 62% YoY jump in the net profit at Rs 148 crore in December quarter.
Caution prevails ahead of the key macrodata including GDP, IIP and CPI data due to be unveiled later during the week
The company reported profit of Rs 56.61 crore in Q3FY16 against Rs 16.65 crore in the same quarter last year.
The stock rallied 8% to Rs 619 after reported a net profit of Rs 467 crore in Q3FY16 against Rs 63 crore in year ago quarter.
Prominent losers in the morning trades are Infosys, Vedanta, ICICI Bank, Lupin and ONGC down between 0.5%-1%
Telecom stocks will be in focus ahead of the hearing in Delhi Court on compensation for call drops later today.
Of 375 stocks that hit 52-week highs about 297 stocks appreciated over 100% from their 52-week lows.
Surya Roshni, Jindal Hotels, Shilchar Tech, Danlaw Tech and Singer India are among few that locked at 20% on the BSE.
Broader markets depicted strength with BSE Midcap and Smallcap indices up between 0.6-0.9% each
The stock surged 16% to Rs 275, extending its past three days rally of over 30% on the National Stock Exchange
Oil shares were among the top gainers tracking a rebound in global crude oil prices
Commercial production of PET recycling has commenced at Gravita Nicaragua S.A., Nicaragua
The broader markets are however outperforming the larger peer with BSE Midcap and Smallcap indices up 0.2% each
Most of the sectoral indices are trading in the green with Realty index being the top gainer followed by Metal and Power indices
RBI slapped a penalty of Rs 1 crore on the bank for violation of some of its instructions
Jindal Hotels, Kamat Hotels, Royal Orchid, Advani Hotels, Hotel Leela, TAJGVK and Viceroy Hotels up over 5% each.
The board has approved partial stake sale in SHCIL and entire stake sale in ACRE
The company has signed an agreement to acquire 55% stake in Bright Power Projects (India) Private Ltd.