According to ICRA, the company's cash generation will remain weak in the near term given the significant agri-stress prevalent in the operating territory of the company
The company said, the auto OEMs are currently facing a challenging time, which is likely to impact the performance of the auto component industry.
Reports peg the outflow from Indian shores at around $700 million as a result of the MSCI Emerging Market index rejig.
ZEE shares have tumbled 10 per cent to Rs 310, falling 28 per cent thus far in the month of May. In comparison, the S&P BSE Sensex dipped 4 per cent during the period.
A straight fall of nine days, among which four sessions witnessed selling pressure over one per cent has dented the positive sentiment to a greater extend
SRF was up 5.5 per cent to Rs 2,744, surging 18 per cent from Tuesday's low, after the company reported 54 per cent YoY jumped in consolidated net profit at Rs 191 crore in March quarter of FY19.
The asset quality of the bank remained poor with the gross non-performing assets (NPAs) standing at 14.98 per cent of gross advances at March-end 2019 against 15.73 per cent as of March 31, 2018.
YES Bank's market price has tanked 44 per cent in the past month as compared to a 4 per cent decline in the S&P BSE Sensex.
Here's a look at the top stocks that are likely to remain in focus today -
The stock slipped 6 per cent to Rs 121 on Wednesday, falling 20 per cent in past three days, trading close to its all-time low of Rs 115 touched on March 12, 2009 on the BSE.
The domestic currency on Monday recovered 7 paise to close at 70.44 on the back of gains in equity markets.
Global factors such as developments in US-China trade negotiations, Chinese industrial output and retail sales data and crude oil price movement are expected to drive markets on Wednesday.
Enter when valuations turn more attractive
Nifty outlook and top trading ideas by Vinay Rajani - Technical Analyst, HDFC Securities.
Notable names in the space such as Ultratech Cement, Ambuja Cements, Orient Cement, Star Cement, and Prism Johnson have delivered robust performance during the recently-concluded quarter.
Systemic threat to MFs in case there are large-scale redemptions
Narain has stepped down from the board of Escorts and PI Industries
Voltas' volume growth and margin should improve moving forward, while Blue Star's business model remains robust and agile, say analysts
China A shares will be left with 1.76 per cent weightage in the broad developing-nation gauge
The company's March quarter results have been the best in recent times; order book at a 6-year-high level is seen as a key positive