Market Drona
Stock Trader, Investor, Analyst and Trainer on Technical Picks, Recommendation on the index, Stock, Future, commodity, bank nifty trading, and Stock Tips
Shares of Allahabad Bank today tumbled nearly 9 percent after the state-owned company said the Reserve Bank has imposed restrictions on its lending to risky assets and raising high-cost deposits in view of deteriorating financial health. Shares of Suven Life Sciences today rose over 4 percent after the company reported 56 percent rise in standalone net profit for the March quarter. The stock gained 4.18 percent to end at Rs 189.45 on BSE. Intra-day, it jumped 7.94 percent to Rs 196.30.
The Committee of Creditors (CoC) had approved Rs 32,500 crore deal along with 12.27 per cent equity in Bhushan Steel offered by Tata Steel.
Shares of Dena Bank today plunged nearly 6 percent after the company reported widening of net loss to Rs 1,225.42 crore in the March quarter. The stock dropped 5.96 percent to end at Rs 17.35 on BSE. Intra-day, it slumped 12.46 percent to Rs 16.15 -- its 52-week low.
Panel to discuss alternate ways to raise revenues for the sugarcane industry.
Shares of Sun TV Network jumped 11.5 percent today after the company reported a 22.82 percent increase in net profit for the fourth quarter ended March 31, 2018.
The said inspection was carried out from May 7, to May 11, 2018.
Nagpur facility is the company#39;s latest facility and manufactures oral solid products.