Stock Market LIVE: Sensex Slumps Nearly 600 Points; Nifty Fall 0.7% As Airtel Share Price Drags
Marksans Pharma share price erased losses after getting US drug regulator's nod for heart burn drug.
KEY HIGHLIGHTS
SBI, Tata Motors, Voltas, Siemens, Manappuram Finance Q1 Results Today — Earnings Estimates
State Bank of India, Tata Motors Ltd., and Voltas Ltd. are among the top names that will announce their earnings for the first quarter on Friday.
The country’s largest lender is expected to post a standalone net profit of Rs 16,964 crore, down 0.4% on year, according to a poll by Bloomberg. During the quarter ended March, the bank’s bottom line was at Rs 18,643 crore.
Track live updates on first-quarter earnings here.
Bharti Airtel Share Price Down Over 2% After Rs 9,310-Crore Block Deal
Bharti Airtel Ltd.'s share price slipped by over 2% after its promoter, Indian Continent Investment, offloaded a stake worth Rs 9,310 crore in a block deal in the pre-open session.
Airtel stock fell as much as 2.80% during the day to Rs 1,868 apiece on the NSE.
Stock Market Live: Marksans Pharma Gets US FDA Nod For Drug To Treat Heart Burn & Other Conditions
Marksans Pharma Ltd.'s arm received US Food and Drug Administration for Omeprazole delayed-release tablets. The drug is used to treat heart burn and other conditions, the exchange filing said.
Stock Market Live: Titan Shares Trade Higher As Jefferies, Citi Hike Target Price After Q1 Results
Shares of Titan Co. rose over 1% on Friday as brokerages Citi and Jefferies hiked the target price for the stock after the announcement of the first-quarter earnings.
Citi maintained a 'buy' rating for Titan with the target price hiked to Rs 3,900 from Rs 3,800, as growth and profitability were in-line. Meanwhile, Jefferies maintained a 'hold' rating for Titan with the target price hiked to Rs 3,800 from Rs 3,600.
Stock Market Live: Schneider Electric Share Price Hits 5% Lower Circuit As Net Profit Declines
Schneider Electric Infrastructure Ltd.'s share price hit the lower circuit in Friday's session as the company's net profit declined in the first quarter. During April–June, Schneider Electric Infrastructure's consolidated net profit declined 15% on the year to Rs 41.24 crore from Rs 48.48 crore.
Schneider Electric Infrastructure reported a 4.8% on the year rise in revenue. It revenue for the first quarter stood at Rs 621.63 crore compared to Rs 592.91 crore.
