.jpg?downsize=1080:607 "Sensex, Nifty Consolidate Near Record Highs; Lupin Slumps")
- Stock hit an upper circuit, Its biggest jump in eight months
- Volumes stand at 42 times its 20-day average
- Stock has fallen in 5 out of 6 sessions
- The auto ancillary company has a market cap of Rs 123 crore
- ICICI Bank: 10 lakh shares change hands in a block
- Time Technoplast: 50 lakh shares change hands in a block
- SH Kelkar: 99.8 lakh shares change hands in two block deals
*Buyers and sellers were not immediately known
- Shares jump as much as 6% to Rs 97.50, highest since November 2016
- Q4 net profit at Rs 650 lakh vs Rs 304 lakh last year
- Stock has gained 13% year-to-date vs 12.7% rise for Sensex
- Shares up as much as 1.8% to a record high of Rs 455.20
- Q4 net profit at Rs 2,220 crore vs Rs 190 crore last year
- To pay dividend of Rs 3 per share
Shares of Kingfisher beer maker pared earlier gains of 6.2% and were up 0.7% at Rs 777.
United Breweries said "not aware of any development or proposal between Heineken and banks" to buyout Vijay Mallya's stake in the company.
Shares of drugmaker fell for a second straight session; down as much as 2.7 percent to Rs 1,268, lowest since August 2014.
U.S. Food & Drug Administration issued form 483 to Lupin along with three observations following inspection of its Goa plant.
Volume 2.5 times its 30-day average.
Shares of software consulting services provider jumped as much as 11 percent to Rs 12, highest since September 2016.
Subex gets a new 5-year framework contract with BT, it said in a regulatory filing.
Volume at 1.7 times its 30-day average.
- Nifty -0.01% at 9,312; Sensex -0.06% at 29,903
- Lupin -2.1%; Tata Power -1.9%
- S&P BSE Bankex index -0.44%, S&P BSE Metal index -0.61%
#ChartOfTheDay | First timers boost Indian foreign-currency bond issuance. https://t.co/2IsoWd445c pic.twitter.com/BGZYfbiJQH
— BloombergQuint (@BloombergQuint) May 2, 2017
Shares of automobile wheels maker reversed earlier losses to gain as much as 2% to Rs 920.
Steel Strips gets additional caravan wheels order from Europe, it said in a regulatory filing.
Analyst consensus price target is 2.2% below current price.
- Shares of two-wheeler maker rose as much as 2.2 percent to a record high of Rs 506
- Sales rose 8 percent to 246,310 units in April; Exports grew nearly 42 percent
- Volume at 3.4 times its 30-day average
- Shares down as much as 5% to Rs 2,070, most since January 2017
- Q4 net profit Rs 16.3 crore vs Rs 61.2 crore last year
- Net revenue up about 14% to Rs 1,110 crore
- To pay final dividend of Rs 10 per share
- Inox Leisure: (-2.3%): Q4 net income Rs 34 lakh vs Rs 17.4 crore last year; estimate Rs 6 crore loss
- RBL Bank (+1.3%): Q4 net income Rs 130 crore vs estimate Rs 99.5 crore
- Marico (+1.2%): Q4 net income Rs 169 crore vs estimate Rs 156 crore
#BQMoney | Rupee may open strong on soft dollar, lower oil prices.https://t.co/36O5qqcDeI pic.twitter.com/E6lKjGGW2l
— BloombergQuint (@BloombergQuint) May 3, 2017
IRB InvIT Fund's IPO opens today.https://t.co/cmdbVDK7X4
— BloombergQuint (@BloombergQuint) May 3, 2017
- Capital First: To consider raising funds on May 10.
- JM Financial: To restructure its business.
- Tata Consultancy Services: Entered into a strategic alliance with state-owned Swedish firm Vattenfall.
- Sun Pharma Advanced Research: To consider fund raising on May 5.
- Kitex Garments: Board approved investment of $1.5 million in Kitex U.S.A.
- Vascon: Received shareholder approval to raise Rs 110 crore on private placement basis.
For a complete list of stocks, click HERE
- Biocon: Cut to hold from buy at ICICIdirect
- Cummins India: Raised to overweight vs underweight at Morgan Stanley
- Dabur India: Cut to hold vs buy at ICICIdirect
.@Apple sells fewer iPhones as consumers wait for big upgrade, reports @atbwebb.https://t.co/NHHNovYgyJ pic.twitter.com/TbNfzD8dYm
— BloombergQuint (@BloombergQuint) May 3, 2017
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