Topline for the September quarter grew at the slowest pace of 10 per cent; net profit too was up just 10 per cent
The sharper fall in auto segment margins was on account of higher raw material costs, attractive pricing for new launches, and higher marketing costs
For BPCL, keep a stop at Rs 313 and go long
Tighter NPA recognition norms led to a surge in bad loans over the last two years. But overall NPAs have reduced and provisioning has also reduced in the last two quarters
In the interim, the company's Chairman Dheeraj Hinduja will oversee the responsibilities as Executive Chairman
Total income also fell to Rs 61.97 billion in the quarter, from Rs 68.96 billion a year ago
Catch all the live market action here
The stock was trading flat at Rs 437 on BSE at 02:28 pm, it hit a high of Rs 470 and a low of Rs 420 in intra-day trade so far.
Adani Transmission, Equitas Holdings, AU Small Finance Bank, Westlife Development and Future Consumer climbed up to 10 per cent on the back of heavy volumes.
Overseas holdings have risen Rs 80.1 billion ($1.1 billion) in the previous three weeks, data from the Clearing Corporation of India Ltd. show
The primary objective of a share buyback programme is to arrest the fall in the value of a stock by reducing the supply of the stock.
Returns may be 'marginal' at best, says hedge fund manager
The stock was down 5 per cent at Rs 533, trading at its lowest level since July 17, 2018, on BSE.
ICICI Bank hit an all-time high of Rs 366.20, up 1.5 per cent on Wednesday, extending its Tuesday's 2.4 per cent gain on BSE.
Oil markets struggled to find their footing on Wednesday after plunging by 7 per cent the previous session, with surging supply and the spectre of faltering demand keeping investors on edge.
The stock dipped 9% to Rs 108 on BSE in early morning trade after Vinod K Dasari quit as Managing Director and Chief Executive Officer of the company, effective March 31, 2019.
Crude oil prices fell below the $70 per barrel mark, easing concerns over expanding current account deficit and inflation which have a bearing on rupee sentiment.
Here's a list of top stocks that are likely to remain in focus today -
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher
Mahesh Nandurkar, executive director and India Strategist at CLSA, says that the market valuation is still not in the comfort zone