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Shares of drug firm Strides Shasun today tumbled nearly 25 percent after the company reported a consolidated net loss of Rs 4.40 crore from its continuing operations for the quarter ended March.
Other income during the quarter fell sharply to Rs 21.8 crore compared to Rs 62.4 crore in Q4FY17.
Promoter Radhakishan Damani will sell up to 1 percent stake in open market.
Debt at the end March 2018 stood at Rs 2,757 crore, an increase of 39 percent compared to Rs 1,976 crore in March 2017.
Bajaj Finance saw its market capitalisation soaring to Rs 1,23,124.97 crore, followed by IndusInd Bank and Sun Pharma at Rs 1,15,939.95 and Rs 1,12,045 crore. Other income during the quarter fell sharply to Rs 21.8 crore compared to Rs 62.4 crore in Q4FY17. Promoter Radhakishan Damani will sell up to 1 percent stake in open market.
110 stocks hit a new 52-week low. These include ABB, ACC, Amtek Auto, Bank of Baroda, Bharti Airtel, Ceat, PTC India, Strides Shasun and Vakrangee, among others.
BAJAJFINANCE
Shares of Reliance Communications were up 8 percent in early trade, after having fallen 18 percent on Wednesday.
Revenue of the company fell 5 percent to Rs 165.48 crore from Rs 174.57 crore. Shares of Reliance Communications were up 8 percent in early trade, after having fallen 18 percent on Wednesday.
Manali Petrochemical, The petrochemical company has reported a massive 55 percent jump quarter-on-quarter in profit at Rs 26.6 crore, backed by strong operational growth.
According to data available with BSE, PNB’s market cap fell to Rs 20,925.15 crore, less than PNB Housing Finance’s market cap of Rs 21,322.92 crore.
The revenue from operations grew to Rs 36,132 crore, up from the Rs 35,304.89 crore reported last year. According to data available with BSE, PNB’s market cap fell to Rs 20,925.15 crore, less than PNB Housing Finance’s market cap of Rs 21,322.92 crore.Jyotilab rises 6% on bonus issue and strong quarter number
IRB rises 2.5%
Jeedimetla facility manufactures active pharmaceutical ingredients (APIs) and pharmaceutical formulation intermediates (PFIs).
For the full year ended March 2018, the bank reported a net loss of Rs 3,222.84 crore against a net profit of Rs 358.95 crore in 2016-17.