Shares of the Mumba-based power producer fell as much as 5.88 percent to Rs 69.60 after its profit missed Bloomberg consensus estimates in December quarter.
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Shares of the Mumbai-based media company extended gains and rose as much as 20 percent to Rs 382 after lenders having a pledge on the Zee Group promoters’ shares have granted time until April to repay dues after they sold 0.6 percent stake in the group’s flagship on Friday.
Shares of the Delhi-based electrical products maker fell as much as 6.57 percent to Rs 135 after its profit declined in December quarter.
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Shares of the Mumbai-based pharma company extended decline and fell as much as 8.17 percent to Rs 440 after its loss widened in December quarter.
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Indian equity benchmarks extended decline paced by losses in Adani Ports, Bajaj Finance, Indiabulls Housing Finance and ICICI Bank.
The S&P BSE Sensex fell 1.24 percent or 430 points to 35,600 and NSE Nifty 50 Index dropped 1.25 percent or 133 points to 10,648.
The overall market breadth was extremely bearish as 1,970 shares were declining while a little over 450 shares were advancing on the BSE.
Shares of the Mumbai-based real estate developer fell as much as 4.77 percent, the most in over three months, to Rs 391 after its profit declined in December quarter.
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Shares of the Kolhapur-based private sector lender fell as much as 3 percent to Rs 556.05 after it reported December quarter earnings.
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Shares of the Faridabad-based tractor maker swung after it reported December quarter earnings.
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Shares of the Bengaluru-based public sector lender rose as much as 3 percent to Rs 262 after its asset quality improved in December quarter.
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Shares of the Chennai-based auto parts maker extended losses and fell as much as 6.13 percent to Rs 508 after its profit declined in December quarter.
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Jet Airways has also sought for shareholders’ approval for increasing authorized share capital of company by creating more number of equity and preferred shares, according to a notice of the Mumbai-based carrier’s extraordinary general meeting of holders.
Shares of the Mumbai-based real estate developer fell as much as 2.41 percent to Rs 727.35 after its profit missed Bloomberg consensus estimates in December quarter.
Key earnings highlights:
Indian equity benchmarks extended decline led by losses in ICICI Bank, HDFC, Infosys and Reliance Industries.
The S&P BSE Sensex fell 0.90 percent or 324 points to 35,701 and the NSE Nifty 50 Index dropped 1 percent or 106 points to 10,674.
All sector gauges compiled by BSE were trading lower led by the S&P BSE Healthcare Index's 2.2 percent fall.
Mid- and small-cap shares were underperforming their larger peers as the S&P BSE MidCap Index fell 1.9 percent and the S&P BSE SmallCap Index dropped 2 percent.
Shares of the Mumbai-based steel maker fell as much as 1.74 percent to Rs 445.
The company's unit TS Global Holdings has signed an agreement with HBIS Group to divest majority stake in South-East Asian operations, Tata Steel said in an exchange filing.
Tata Steel will get $327 million and 30 percent in HBIS Group-held entity, the filing added.
Shares of the Secunderabad-based logistics support services provider provider fell as much as 6.70 percent, the most in over three months, to Rs 70.30 after it reported December quarter earnings.
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Shares of the Ahmedabad-based mortgage lender fell as much as 3.43 percent to Rs 219.30 after it reported December quarter earnings.
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Shares of the Bengaluru-based coffee chain operator fell as much as 5.30 percent intraday to Rs 266 as the company said it would take required action in the next few days to get a portion of IT firm Mindtree shares—owned by the company and its promoter V G Siddhartha—released by the Income Tax Department.
In the last four trading sessions, the stock has corrected 6.61 percent.
Shares of the Bengaluru-based cafe-chain operator fell 5.3 percent intraday to Rs 266 per share.
Coffee Day Enterprises said it would take required action in the next few days to get a portion of IT firm Mindtree shares -- owned by the company and its promoter VG Siddhartha -- released by the Income Tax Department.
Meanwhile, L&T is said to have taken an enabling resolution to strike a deal to buy Siddhartha’s 21 percent stake in Mindtree, the Times of India reported, citing people directly aware of the matter.
Shares of the infrastructure company snapped its two-day blip and rose as much as 4.1 percent to RS 1,337.90, after its results for the October-December quarter were announced on Friday.
Key Earnings Highlights (Q3, YoY)
Full Text: Zee Group’s Subhash Chandra Says ‘Negative Forces’ Caused Stock Crash
Indian equity benchmarks declined for the second straight trading session.
The S&P BSE Sensex Index fell as much as .023 percent to 35,943.62 and the NSE Nifty 50 Index fell as much as 0.23 percent to 10,755.55.
The market breadth was tiled in favour of sellers. About 844 stocks declined and 580 shares advanced on National Stock Exchange.
Eight out of 11 sectoral gauges compiled by NSE fell, led by the NSE Nifty Pharma Index's 1.04 percent decline. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 7.1 percent.
Nomura
Deutsche Bank Research.
CLSA
UBS on Maruti Suzuki
Jefferies on Mahindra Finance
Dish TV
Gruh Finance (Q3, YoY)
GATI (Q3, YoY)
Mahindra & Mahindra Financial Services (Q3, YoY)
Nilkamal (Q3. YoY)
Saregama (Q3, YoY)
V2 Retail (Q3, YoY)
Kirloskar Brothers (Q3, YoY)
Shriram City Union Finance (Q3, YoY)
Poly Medicure (Q3, YoY)
Foseco (Q3, YoY)
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