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Shares of the Mumbai-based air conditioner maker pared losses after it beat Bloomberg consensus estimates in March quarter.
Key earnings highlights:
The Pune-based non-residential construction company rose 7.3 percent to Rs 101 on the back of heavy volumes.
Trading volume was more than double the 20-day average for this time of day.
Vinati Organics: The Maharashtra-based chemical maker rose as much as 4.43 percent, the most in over a month, to Rs 966 after it reported March quarter earnings.
key earnings highlights:
JBM Auto: The Delhi-based auto parts maker rose as much as 3.55 percent to Rs 440 after it formed a joint venture with Oghihara (Thailand) for manufacturing of press stamping dies.
NRB Bearings: The Mumbai-based industrial machinery maker rose 9.2 percent to Rs 164 after block deals
Parag Milk Foods: The Mumbai-based dairy products maker surged 9.5 percent to Rs 337.90. Trading volume was 6.8 times its 20-day average.
Buyers and sellers were not immediately known
Source: Bloomberg
The CBI, which is investigating the multi-crore scam at Punjab National Bank allegedly perpetrated by Nirav Modi, has named Allahabad Bank MD and CEO Usha Ananthsubramanian and two sitting executive directors of Punjab National Bank as accused, according to a CBI official.
PNB executive directors named as accused in the case include Sanjiv Sharan and KV Brahmaji Rao.
Shares of the Thrissur-based private sector lender rebounded after its net profit beat Bloomberg consensus estimates in March quarter.
The stock rose as much as 1.56 percent to Rs 26. Its shares fell as much as 4.69 percent to Rs 24.40 ahead of earnings.
Key earnings highlights:
Shares of the country's largest wireless carrier rose over a percent to Rs 390.50.
The telecom department approved Telenor India's merger with Bharti Airtel.
Buyers and sellers were not immediately known
Source: Bloomberg
Wholesale prices in India hit a four-month high in April, driven by rally in crude oil and rising prices of food articles.
Inflation measured by the Wholesale Price Index (WPI) stood at 3.18 percent last month, according to a Ministry of Commerce and Industry release. The WPI in March was at an eight-month low of 2.47 percent. A Bloomberg poll of economists had estimated the wholesale inflation at around 2.9 percent.
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of Indian oil refiners rose to the highest level in a month after Indian Oil Corporation Ltd. increased its petrol and diesel prices in the first revision since April 24.
The retail price for petrol in Delhi increased by Rs 0.17 per litre and for diesel by Rs 0.21 per litre, according to IOC’s website.
Shares of the Delhi-based investment special purpose vehicle of PTC India fell 13 percent, the most in six months, to Rs 21.85, its lowest level in four years after reported loss in the March quarter.
Key earnings highlights:
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Karnataka election was not fought on an economic agenda and there will not be too much downside for benchmark indices irrespective of Karnataka election verdict, Ajay Shrivastava of Dimensions Consulting told BloombergQuint in an interview.
Key conversation highlights:
Shares of the Ahmedabad-based natural gas distribution company rose as much as 9 percent after ICICI Securities upgraded the stock to hold and raised its target price to Rs 853 from Rs 788.
The revised target price implies 8.25 percent upmove from its previous target of Rs 788.
Shares of the Kolkata-based state-run lender fell as much as 5 percent to Rs 43.40 after it reported loss in March quarter.
Key earnings highlights:
Shares of the Kolkata-based state-run lender fell as much as 4 percent, the most in nearly a month, to Rs 18.05 after its loss widened and asset quality deteriorated in the March quarter.
Key earnings highlights:
The stock dropped as much as 7.3 percent and were set for biggest drop in more than two years as losses on account of company’s joint venture led to decline in profit for fourth quarter.
It was the worst performer on the S&P BSE 100, S&P BSE 200, Nifty Midcap indices. Earlier, Kotak Securities cut its rating on the stock to reduce from add and lowered its price target to Rs 285 from Rs 300.
Shares of the South-based media firm rose as much as 9.8 percent to Rs 954 after its net profit for the fourth quarter surpassed analyst estimate and Nomura upgraded its recommendation to buy from neutral.
This was the stock’s biggest gain since Feb. 7 and the volume was 1.3 times its three-month daily average. It was the top gainer on the BSE 500 index.
Shares of the IT services provider dropped as much as 2.8 percent to their lowest since April 24 after about 1.55 crore shares changed hands on NSE, according to Bloomberg data.
The stock, down for a second session, was the most traded by value and volume. Buyers and sellers were not immediately known.
RBI Bars Dena Bank From Further Lending
Karnataka Elections: Peaceful Test Match or a T20 Arrangement?
(As Reported On May 10)
Citi
IDFC
Kotak
IDFC
Nomura
CLSA
Kesoram Industries (Q4, YoY)
UCO Bank (Q4, YoY)
Puravankara (Q4, YoY)
Gillette India (Q4, YoY)
Oracle Financial Services Software (Q4, QoQ)
Vinati Organics (Q4, YoY)
JK Cement (Q4, YoY)
OBC (Q4, YoY)
Rain Industries
NRB Bearings
Alok Industries
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