By DSIJ Team |
5/19/2017 1:12 PM Friday
Following stocks are close to their 52-week low as at 1.05 p.m. on May 19.
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The stocks that are likely to witness significant movement on the bourses on October 23 are TV18 Broadcast Limited, Prakash Industries Limited, Mahindra Lifespace Developers Limited, Granules India Limited and Union Bank of India.
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The company reported PAT of Rs. 424 crore which represents a sequential QoQ decline of 52.8 per cent and a YoY decline of 31 per cent. Increased depreciation and higher interest cost relating to the acquired cement plants of JP Associates (21.2 MTPA) resulted in a decline in net profit.
In an otherwise lacklustre market, the Nifty Energy index spiked 2.51% and was trading at 14,072.95.
Grasim industries signed an agreement with the state government to invest Rs. 4,100 crores with an aim to set up two factories
Following stocks are close to their 52-week low as at 12.47 p.m. on October 18.
The markets on October 18 opened flat. BSE Sensex is trading at 32,477.35, down by 131.81 points and the Nifty is trading at 10,181.20, down by 53.25 points.
The mutual fund industry received Rs. 19,570 crore in arbitrage funds in the first six months of FY18, stated data released by the Association of Mutual Funds in India (AMFI). This is a 45 per cent increase from Rs. 13,475 crore received during the same period last year.
Axis Bank declined by 8 per cent to Rs. 475 per share on BSE in the early trade on Wednesday as the bank announced its financial results for the second quarter of FY18.
Flipkart is a e-commerce major giving tough competition to Amazon, while Future Group's Big Bazaar and Central are major big-box retail outlets with presence in almost all cities.