No clarity on stress, weak capital affect earnings visibility
Nifty, Nifty Bank, SBI, HCL Technologies, Zee Entertainment
Jaypee Infratech's shares had rallied 68% between October and December 2017
Notably, the deadline for achieving the minimum public float of 25% will end in August this year
GDP is also projected slightly higher at 7.4 per cent for FY19, compared with 6.6 per cent in FY18
Benchmark indices ended lower on global correction and weaker rupee
Biocon, Hexaware Technologies, Kotak Mahindra Bank and MM Forgings were among 13 stocks from the S&P BSE 500 and Smallcap index hitting new high on the BSE in otherwise range-bound market
The stock rallied 9% to Rs 86.45 on the BSE in noon deal after the company reported net profit of Rs 4.57 billion in Q4FY18 against Rs 2.16 billion in previous year quarter.
The stock fell 11% to Rs 532 on the BSE in intra-day trade after the company's ebitda margin in March quarter declined by 400bps to 35% from 39% in previous year quarter.
The stock moved higher by 2% to Rs 432, bouncing back 13% from its early morning low on the BSE
The stock hit a fresh 52-week low of Rs 276 today, plunging 36% in past two trading sessions from Rs 431 on Friday.
The stock was up 3% at Rs 1,421 on the BSE in early morning trade, extending its 5% gain in the past one week, after the company reported better than expected operational performance in March 2018.
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
The warship maker had filed its draft red herring prospectus (DRHP) with Sebi on March 26 and obtained its "observations" on May 22
Otherwise, you could be saddled with dues left unpaid by previous owner
Companies put up stellar performance in Indian as well as US markets
Investor appetite received a further boost after the rupee extended gains against the dollar for the third day
Nifty, Bank Nifty, L&T, Bharti Infratel and BPCL
Shares of Multi Commodity Exchange of India had surged 14 per cent on Friday also.
Cost pressures in competitive environment continue to take a toll on profitability