Page 634 - Business Finance
State Bank of India sees steady gains
State Bank of India is quoting at Rs 323.5, up 0.86% on the day as on 12:49 IST on the NSE. The stock is up 31.42% in last one year as compared to a 14.68% jump in NIFTY and a 25.46% jump in the Nifty Bank.
Saudi Aramco 'made $224 billion profit' last year
Saudi Aramco, the world's largest oil company, posted $224 billion in earnings before tax last year, Fitch Ratings said Monday, as the secretive giant opens its accounts for the first time. Fitch assigned Aramco its first-ever credit rating -- a stable A+ -- as the state oil giant prepares to sell bonds to help finance the purchase of a majority stake in Saudi petrochemicals behemoth SABIC. The huge deal gives Crown Prince Mohammed bin Salman's ambitious reform programme aimed at diversifying the economy a massive cash boost. On Thursday Aramco said it was buying a 70-percent stake in SABIC for $69.1 billion, effectively merging the kingdom's two largest companies. As a result it has opened up its accounts for the first time since its nationalisation more than 40 years ago, granting access to international ratings agencies Fitch and Moody's. Fitch gave an A+ credit rating to Aramco because a large portion of the company's earnings are taken by the Saudi government, which depends on it
Market trading firm
Firmness prevailed on the bourses in afternoon trade on sustained buying demand in index pivotals. At 13:12 IST, the barometer index, the S&P BSE Sensex, was up 331.67 points or 0.86% at 39,004.58. The Nifty 50 index was up 89.15 points or 0.77% at 11,713.05.
Lupin Ltd soars 3.43%
Lupin Ltd is quoting at Rs 765, up 3.43% on the day as on 12:54 IST on the NSE. The stock is down 1.56% in last one year as compared to a 14.65% gain in NIFTY and a 9.09% gain in the Nifty Pharma index.
Smart gains in TV18 Broadcast Ltd
TV18 Broadcast Ltd is quoting at Rs 36.85, up 3.8% on the day as on 12:54 IST on the NSE. The stock is down 47.47% in last one year as compared to a 14.65% spurt in NIFTY and a 24.74% spurt in the Nifty Media index.
Tata Consultancy Services Ltd sees good buying
Tata Consultancy Services Ltd is quoting at Rs 2028.15, up 1.32% on the day as on 12:54 IST on the NSE. The stock is up 39.41% in last one year as compared to a 14.65% jump in NIFTY and a 24.76% jump in the Nifty IT index.
Wipro Ltd extends recovery
Wipro Ltd is quoting at Rs 261.9, up 2.79% on the day as on 12:54 IST on the NSE. The stock is up 20.56% in last one year as compared to a 14.65% gain in NIFTY and a 24.76% gain in the Nifty IT index.
Marico Ltd extends gains
Marico Ltd is quoting at Rs 351.45, up 1.38% on the day as on 12:54 IST on the NSE. The stock is up 7.04% in last one year as compared to a 14.65% spurt in NIFTY and a 14.42% spurt in the Nifty FMCG index.
Motherson Sumi Systems Ltd soars 3.71%
Motherson Sumi Systems Ltd is quoting at Rs 155.25, up 3.71% on the day as on 12:54 IST on the NSE. The stock is down 27.99% in last one year as compared to a 14.65% gain in NIFTY and a 23.45% gain in the Nifty Auto index.
Tata Motors Ltd sees massive jump
Tata Motors Ltd is quoting at Rs 186.5, up 7.03% on the day as on 12:54 IST on the NSE. The stock is down 45.01% in last one year as compared to a 14.65% jump in NIFTY and a 23.45% jump in the Nifty Auto index.
JSW Steel Ltd stays well supported
JSW Steel Ltd is quoting at Rs 298.3, up 1.79% on the day as on 12:49 IST on the NSE. The stock is up 0.59% in last one year as compared to a 14.68% spurt in NIFTY and a 11.3% spurt in the Nifty Metal.
Indiabulls Housing Finance Ltd increases around 1%
Indiabulls Housing Finance Ltd is quoting at Rs 866.55, up 0.97% on the day as on 12:49 IST on the NSE. The stock is down 30.33% in last one year as compared to a 14.68% jump in NIFTY and a 22.41% jump in the Nifty Financial Services.
Ashok Leyland sales dip 4% to 21,535 units in March
Hinduja Group flagship firm Ashok Leyland Monday reported a 4 per cent decline in total sales at 21,535 units in March this year as against 22,453 units during the same month of the previous year. Sales of medium and heavy commercial vehicles during the month under review declined 6 per cent to 16,034 units as against 17,057 units in a year-ago month, Ashok Leyland said in a BSE filing. Light commercial vehicles sales, however, grew 2 per cent to 5,501 units in March compared to 5,396 units in the corresponding month last year.
Central Bank of India gains for third straight session
Central Bank of India is quoting at Rs 36.4, up 2.1% on the day as on 12:54 IST on the NSE. The stock is down 48.48% in last one year as compared to a 14.65% jump in NIFTY and a 20.29% jump in the Nifty PSU Bank index.
Jammu and Kashmir Bank Ltd rises for third consecutive session
Jammu and Kashmir Bank Ltd is quoting at Rs 58.45, up 8.85% on the day as on 12:54 IST on the NSE. The stock is down 1.6% in last one year as compared to a 14.65% spurt in NIFTY and a 20.29% spurt in the Nifty PSU Bank index.
Biocon Ltd gains for third consecutive session
Biocon Ltd is quoting at Rs 619.65, up 1.49% on the day as on 12:54 IST on the NSE. The stock is up 3.53% in last one year as compared to a 14.65% spurt in NIFTY and a 9.09% spurt in the Nifty Pharma index.
MOIL Ltd soars 1.13%, rises for third straight session
MOIL Ltd is quoting at Rs 160.5, up 1.13% on the day as on 12:54 IST on the NSE. The stock is down 20.01% in last one year as compared to a 14.65% fall in NIFTY and a 11.29% fall in the Nifty Metal index.
Hindustan Zinc Ltd rises for third consecutive session
Hindustan Zinc Ltd is quoting at Rs 288.45, up 4.19% on the day as on 12:54 IST on the NSE. The stock is down 4.86% in last one year as compared to a 14.65% spurt in NIFTY and a 11.29% spurt in the Nifty Metal index.
Steel Authority of India Ltd spurts 4.65%, rises for third straight session
Steel Authority of India Ltd is quoting at Rs 56.25, up 4.65% on the day as on 12:54 IST on the NSE. The stock is down 23% in last one year as compared to a 14.65% gain in NIFTY and a 11.29% gain in the Nifty Metal index.
Infibeam Avenues Ltd spurts 1.4%, gains for third straight session
Infibeam Avenues Ltd is quoting at Rs 43.55, up 1.4% on the day as on 12:54 IST on the NSE. The stock is down 71.36% in last one year as compared to a 14.65% gain in NIFTY and a 24.76% gain in the Nifty IT index.