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Shares of the software service provider fell as much as 3.9 percent to Rs 571.50 after announcing its march quarter results.
Key Earnings Highlights (Q4, QoQ)
Titan Company Ltd., India’s largest maker of branded jewellery, has often disappointed investors on Akshaya Tritiya. (To know more, click here)
Buyers and sellers were not known immediately.
Source: Bloomberg
Shares of Dynamatic Technologies surged as much as 7 percent. The company announced that it had signed pact with French aircraft manufacturer Daher Aerospace and that it is exploring possibilities of partnering with the overseas firm, according to its stock exchange notification.
Key highlights from the conversation:
DLF is said to be in final stages of talks to transfer retail assets in Delhi and Noida to the recently formed venture with Singapore-based GIC Pte, Bloomberg reported, quoting a person with knowledge of the matter.
‘Mall of India’ in Noida spread over 20 lakh square feet and ‘DLF Place’ at Saket in Delhi of about four lakh square feet are prime rent-yielding retail assets that are being evaluated for transfer, the person told Bloomberg.
Tata Sponge Iron (Q4, YoY)
Orchid Pharma (Q4, YoY)
5Paisa Capital (Q4, YoY)
Shares of the drug maker extended gains for the fourth straight trading session, the longest winning streak in over two months. The stock rose a much as 1 percent to Rs 813.05.
The pharmaceutical company received tentative U.S. FDA approval for generic AndroGel, according to its stock exchange notification.
The stock has declined 42.5 percent over the past year, compared to 18.9 percent in the country's benchmark Sensex.
Shares of the private sector lender erased early gains and fell as much 0.8 percent to Rs 289.55. About 20 lakh shares changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.
Trading volume was 33 percent its 20-day average. The stock has declined 7.2 percent so far this year.
India’s next general election presents a tail risk as the market is unsure if the world’s largest democracy will re-elect a majority government for the second straight term.
That risk is even more pronounced this time, according to Morgan Stanley Research. History suggests that markets approach general elections with a tinge of optimism and stocks tend to do well in the run-up to elections, Ridham Desai and Sheela Rathi, analysts at Morgan Stanley India, said in a report. (Click here to read more).
Key highlights from the conversation:
Here's a quick look at corporate insider trades reported on Tuesday.https://t.co/JltYdwMTrz pic.twitter.com/iqqpeqL6Db
— BloombergQuint (@BloombergQuint) April 18, 2018
Tata Sponge Iron (Q4, YoY)
Orchid Pharma (Q4, YoY)
5Paisa Capital (Q4, YoY)
Only intraday positions can be taken in stocks which are in F&O ban. There is a penalty in case of a rollover of these intraday positions.
Morgan Stanley’s take on how investors can manage India’s 2019 election risk.https://t.co/vqs22mIfrG pic.twitter.com/n1QCgBsJrq
— BloombergQuint (@BloombergQuint) April 18, 2018
New @Infosys CEO says now is time to sacrifice margins for growth.https://t.co/PtPPO3iUvP pic.twitter.com/jdV2m0N26a
— BloombergQuint (@BloombergQuint) April 17, 2018
Fortis receives fourth offer in a month.https://t.co/HSKmWjQeeJ pic.twitter.com/6ws582sLTY
— BloombergQuint (@BloombergQuint) April 18, 2018
India may become surprise victim of #TradeWar, says Rabobank.https://t.co/9dluIJc2BB pic.twitter.com/jcY2Yt8mnQ
— BloombergQuint (@BloombergQuint) April 18, 2018
Vedanta resolution plan reduces Electrosteel shareholders to less than 10%.https://t.co/7iZUVrZXqI pic.twitter.com/PY212TK8bc
— BloombergQuint (@BloombergQuint) April 17, 2018
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