With investors feeling charged up for more data releases and optimistic about the movement of the markets, the European stock markets opened on a higher note during the early hours of trade on Friday.
A manufacturer of rail coaches, spare parts and mining equipment, BEML’s stock gained 4.56% at Rs 1,842.65 per share on the BSE during Friday’s intra-day trade after Merrill Lynch Markets Singapore bought its shares on Thursday.
The S&P BSE Realty index was trading in the green during Friday’s trading session. It was trading higher by 2.58% at the 2,192 level on the BSE at 1207 hours.
As per data released by the company, Escorts’ Agri-Machinery Segment (EAM) sold 4,587 tractors in August 2017, registering a growth of 23%, as against 3,722 tractors in August 2016.
Donepezil Hydrochloride Tablet, in the strength of 23 mg, used to treat dementia related to Alzheimer’s, will be marketed by Zydus Cadila in the wake of receiving the final approval from the USFDA.
CCL Products, engaged in the manufacturing of instant coffee, has received an approval from the Development Commissioner of Visakhapatnam Special Economic Zone for setting up of freeze dried instant coffee manufacturing unit in Andhra Pradesh.
In the wake of the company announcing the proposed sale of its entire 71% stake in Bhilai Jaypee Cement, the stock of Jaiprakash Associates gained 2.72% at Rs 24.55 per share on the BSE at 1118 hours.
As per a recent update, the total sales by Ashok Leyland registered a growth of 25% on YoY basis. It sold 13,634 units in August 2017 as compared to 10,897 units during the corresponding period last year.
Shankara Building Products is started a new processing facility in Secunderabad, Telangana to capitalise on the growing requirements of the region through a network of state retail outlets, its shares jumped by over 3% intraday during Thursday’s trading session.
In the wake of the company announcing that it was declared as the lowest bidder for a Rs 900-crore project in Gujarat, the shares of Sadbhav Engineering soared by over 3% intraday during Thursday’s trading session.
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.