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Shares of the Mumbai-based drugmaker rose after its profit beat Bloomberg consensus estimates in June quarter.
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Shares of state-run oil refiner and retailer fell as much as 2.8 percent to Rs 383.15 after fire broke out at its Chembur plant in Mumbai, news agency ANI reported.
Shares of the Mumbai-based government-owned lender rose 0.7 percent to Rs 62.40 after government gave its no objection for reducing stake in the bank below 50 percent.
The government also gave no objection to relinquishment of management control and acquisition of controlling stake in IDBI Bank by Life Insurance Corporation of India as promoter, IDBI Bank said in an exchange filing.
Shares of the Bengaluru-based defence equipment maker fell as much as 4.78 percent to Rs 827.10 after its loss widened in June quarter.
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Shares of the Kolkata-based sugar manufacturer swung between gains and losses after it reported June quarter earnings.
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Shares of the Mumbai-based drugmaker fell as much as 2.6 percent to Rs 844 after its profit missed Bloomberg estimates in June quarter.
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Lupin in press release said:
Future Group will partner with dairy group Fontera and is looking at products that people consume 3-4 times a day, Kishore Biyani, chairman & CEO of Future Group said.
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Shares of the Mumbai-based packaged food company fell as much as 5.5 percent to Rs 46.50 after it reported second consecutive quarter of loss.
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Shares of the Bengaluru-based pharma company fell as much as 4 percent to Rs 376.60 after it reported loss in June quarter.
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Trump Says Drug Prices Will Drop `Really, Really Substantially'
Microfinance lender CreditAccess Grameen launched its public offering today as the promoters look to pare part of their stake. Meanwhile, speaking to BloombergQuint, Udaya Kumar Hebbar, MD & CEO of CreditAccess Grameen said that company's loan book has grown at over 50 percent and customer addition has risen by 40 percent in last few years.
Key highlights of the conversation:
India's Economy Is an Elephant That's Starting to Run: IMF
Shares of the south India-based private sector lender rose as much as 1.47 percent to Rs 176.50 after it reported stable asset quality in June quarter.
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Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Gujarat-based trading company fell as much as 5.86 percent to Rs 179 after its profit declined in June quarter.
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Shares of the Mumbai-based construction company surged as much as 17.45 percent to Rs 51.50 after it won worth Rs 2,400 crore focused on hydro power sector.
The company has won two hydro projects and a tunnel project, Patel Engineering said in an exchange filing.
The Rise And Stumble Of IL&FS
Shares of multiplex operators rose after the Maharashtra government in an affidavit at the Bombay High Court saying that it will direct multiplexes and cinema halls to provide drinking water free of charge and sell food and beverages at a price not exceeding the maximum retail price, The Times of India reported.
Although carrying own food may create chaos and may lead to security issue as per the opinion of Director General of Police, the affidavit, filed by Venkatesh Bhatt, deputy secretary, home department, said.
The stance by the Maharashtra government is positive for multiplexes and reiterates the unavailability of allowing outside food and beverages. Also, this would provide a strong reference point to other state governments, IDBI Capital analyst Urmil Shah wrote in a note.
Following this development PVR shares rose as much as 5 percent and Inox Leisure climbed 8 percent.
Inside Dena Bank: The Lender That Doesn’t Lend
Deven Choksey of KR Choksey Securities told BloombergQuint that he is staying away from companies with lower return on capital employed in the infra space.
Highlights of the conversation:
Indian sovereign bonds may continue to remain weak with crude oil holding gains and overnight rise in the U.S. Treasury yields.
The RBI's auction of Rs 18,000 crore of T-bills today will be closely watched.
Bank of America Merrill Lynch said yields are capped by market expectation of large scale RBI OMO – of about $50 billion – after October and the drying up of foreign flows.
The Rupee recovered yesterday, but it continues to face headwinds in the form of the U.S.-China trade war. Tariffs on an additional $16 billion of Chinese imports to the U.S. will start later this month. Beijing has vowed to retaliate, with state media suggesting Apple may be targeted.
Motilal Oswal on Punjab National Bank
Citi on TVS Motor
Citi on AU Small Finance
UBS
IDFC Securities
Citi
UBS
UBS
Citi
(As reported on Aug. 8)
Techno Electric and Engineering Co.
Inox Wind (Q1, YoY)
Butterfly Gandhimati Appliances (Q1, YoY)
SRF (Q1, YoY)
Mphasis (Q1, QoQ)
Future Supply Chain Solutions (Q1, YoY)
Edelweiss Financial Services (Q1, YoY)
Glaxosmithkline Consumer Healthcare (Q1, YoY)
Prataap Snacks (Q1, YoY)
Birla Corporation (Q1, YoY)
Adani Enterprises (Q1, YoY)
Dhampur Sugar Mills (Q1, YoY)
Lovable Lingerie (Q1, YoY)
Mirza International (Q1, YoY)
Thomas Cook (Q1, YoY)
CreditAccess Grameen IPO: Here’s All You Need To Know
From Karunanidhi To Kalaignar
Here are some key events coming up this week:
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