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Sensex, Nifty Clock Fresh Record Highs For A Third Day, Tata Steel Climbs

Sensex, Nifty Clock Fresh Record Highs For A Third Day, Tata Steel Climbs
(Source: Bloomberg)
9 years ago
Sensex, Nifty extend record gains; Tata Steel jumps.

  • Shares down as much as 3% to Rs 86.80
  • Q4 net income Rs 111 crore vs loss Rs 581 crore last year
  • Gross NPA 13.1% end-March vs 12.51% end-December
  • RSI at 71, indicating that the stock may be overbought

  • South Indian Bank: 76 lakh shares change hands in three blocks
  • Dabur India: 76 lakh shares change hands in two blocks
  • Tata Motors: 94 lakh A-shares change hands in two blocks
  • Capital First: 42 lakh shares change hands in a block
  • *Buyers and sellers were not immediately known

  • Shares jumped as much as 11.7% to Rs 94.30, the most since October 2015
  • Q4 net income Rs 30.2 crore vs Rs 17.8 crore last year
  • Q4 revenue Rs 362 crore vs Rs 239 crore last year

Shares recover from earlier losses to trade up nearly 1% at Rs 2,750

Dr. Reddy's gets U.S. FDA approval for the launch of Doxorubicin Hydrochloride Liposome injection in the U.S. market, it said in a regulatory filing

  • Shares of the pharmaceutical company gained as much as 4% to Rs 363, the highest since November 2016
  • J.B. Chemicals to consider share buyback on May 23
  • Volume at 2.2 times its 30-day average

  • Shares fall as much as 2.9% to Rs 184, the most since April 2017
  • Q4 net income Rs 170 crore vs Rs 122 crore last year
  • Q4 revenue Rs 1,680 crore vs Rs 1,350 crore last year
  • Declares dividend of 30 paise a share
  • Read the full story HERE

  • Andhra Bank: (-3.5%): Q4 net income Rs 35.1 crore vs Rs 51.6 crore last year
  • Credit Analysis (-2.9%): Q4 net income Rs 38.4 crore vs estimate Rs 43.1 crore
  • Dhanlakshmi Bank (+5.3%): Q4 net income Rs 8.8 crore vs loss Rs 132 crore last year
  • Oracle Financial: (-1.8%): Q4 net income Rs 220 crore vs estimate Rs 340 crore
  • PI Industries (+2%): Q4 net income Rs 135 crore vs estimate Rs 93.4 crore

  • Shares gain as much as 9.4% to Rs 450, the highest since April 2015
  • Q4 net income Rs 47 crore vs estimate Rs 42 crore profit
  • Volume at 3.6 times its 30-day average

  • Shares fall as much as 6.7% to Rs 18,611, the lowest since April 2017
  • Stock cut to sell vs underperform at CLSA
  • Q4 net income Rs 305 crore vs estimate Rs 275 crore profit
  • Volume at 21.4 times its 30-day average

  • Lupin: Signs an exclusive licensing agreement with Eli Lilly in India.
  • Golden Tobacco: Excise department imposed a penalty of Rs 25 crore.
  • HCL Tech: Vama Sundari Investments (Delhi) Pvt. Ltd. buys 1.24 crore shares or 0.87 percent stake at Rs 858 each.
  • Indraprastha Gas: To raise consumer CNG price 35 pasise per kg in Delhi.
  • Quess Corp: To raise funds by issuing equity shares.
  • For a complete list of stocks, click HERE

  • Hero MotoCorp: Raised to buy at Investec, price target Rs 4,065
  • Punjab National: Cut to neutral at Nomura, price target Rs 180
  • Vedanta: Raised to buy at India Infoline, price target Rs 280
  • Shree Cement: Cut to sell at CLSA, price target Rs 18,000
  • TVS Motor: JPMorgan initiates coverage at overweight

  • Allahabad Bank
  • Bajaj Finserv
  • Bajaj Finance
  • Edelweiss Financial Services
  • Indian Overseas Bank
  • Hindustan Unilever
  • JK Lakshmi Cement
  • JSW Steel
  • Mangalore Refinery and Petrochemicals

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