INSUBCONTINENT EXCLUSIVE:
Heavy buying in bluechips such as Reliance Industries (RIL), Infosys, ICICI Bank and LT lifted the stocks higher
A fall in the rupee gave IT stocks the much-needed impetus
the SP BSE Smallcap index rising 0.49 per cent.
The 30-share Sensex pack added 145 points, or 0.40 per cent, to settle at 36,496
companies Bajaj Finance and Bajaj Finserv shot up to record highs on Friday, driven by their solid June quarter numbers
Bajaj Finance on Thursday reported an 81.40 per cent YoY jump in consolidated net profit at Rs 835.89 crore for June quarter while Bajaj
Finserv posted a 41.27 per cent annual jump in consolidated net profit at Rs 825.77 crore
At close, shares of Bajaj Finance stood at Rs 2,721.50 apiece, up 8 per cent while those of Bajaj Finserv gained 5.70 per cent to settle at
6,666.20.
Ceat on a roll!The tyremaker reported a whopping 4,000 per cent profit growth at Rs 72.03 crore from Rs 1.62 crore a year ago
The growth in earnings came about chiefly because of cost control measures put in place by the company
As a result, the stock spurted 7.58 per cent to settle at Rs 1,356.15 on BSE.
338 stocks@52-week lowsA total of 338 stocks hit their fresh
52-week lows during the day
Prominent among them included 8K Miles Software Services, ABB India, Balaji Telefilms, Bajaj Hindusthan Sugar, Ballarpur Industries and
34 stocks slip into oversold zoneTechnical indicator RSI (relative strength index) showed as many as 34 stocks slipped into the oversold
The list included Kwality, Sintex Plastics, Shree Renuka Sugars, Titagarh Wagons, HT Media, Prakash Constrowell, Indostar Capital Fin and
Chromatic India.
Bajaj Auto skids on poor nosShares of Bajaj Auto slipped nearly 9 per cent to Rs 2,841 apiece after it reported
weaker-than-expected June quarter earnings
The Q1 profit figure stood at Rs 1,115.23 crore against Rs 923.93 crore in the same quarter last year.
Muthoot Finance flat after block
dealShares of Muthoot Finance ended flat at Rs 390.55 after about 14 lakh shares changed hands in a block deal on BSE, according to
Power Grid Corp lost 0.59 per cent after about 48.9 lakh shares traded in a block deal
TCNS Clothing IPO subscribed 5 timesThe initial public offering by TCNS Clothing was subscribed 5.11 times till 04:30 pm on the last day of
Total bids received stood at 5,61,62,600 shares against the total issue size of 1,09,99,828 shares.
