Shares of Titan Company dipped 5.5% to Rs 321, also their 52-week lows on the BSE, after the company reported a 15% year-on-year (YoY) decline in net profit at Rs 151 crore for the quarter ended June 30, 2015 (Q1), due to lower sales.
Banking shares mainly public sector undertakings (PSU) were trading higher by up to 7% on the bourses after the government proposed to infuse Rs 70,000 crore in PSU banks over four years.
Shares of Vakrangee were up nearly 5% at Rs 166 after the company announced a strategic partnership with Amazon India for its Vakrangee Kendra Business.
Shares of ICICI Bank have moved higher by 6% to Rs 309 on the BSE after the bank’s assets quality improved in the April-June 2015 quarter (Q1) over the previous quarter.
Shares of HSIL were down over 8% at Rs 307 after the company reported total income of Rs 412.85 crore for the quarter ended June 30, 2015 compared with Rs 412.15 crore for the corresponding quarter last fiscal.
Mid-and-small cap stocks continued their upward march, with the Bombay Stock Exchange (BSE) S&P BSE Midcap index touching fresh record highs and S&P BSE Smallcap index approaching lifetime highs.
Shares of Sun TV Network surged 12% to Rs 345, extending their over 10% rally in past two trading sessions on the BSE, after the Delhi High Court allowed Red FM, a part of Sun Group, to participate in phase III e-auction.
Shares of Adani Enterprises are locked at the upper circuit, up 5% at Rs 27.60, on the National Stock Exchange (NSE) on its first day of listing pursuant to the demerger of the transmission undertaking of Adani Enterprises into the company.
Shares of Nucleus Software Exports plunged 18% to Rs 277 on the BSE in early morning trades after the company reported a 42% year-on-year (YoY) decline in its consolidated net profit at Rs 6.79 crore for the quarter ended June 30, 2015 (Q1).
Shares of JBF Industries were trading 2% higher at Rs 313 on the National Stock Exchange (NSE) ahead of the board meeting today to consider fund raising plan through preferential issue.
Shares of Exide Industries dipped 3% to Rs 139, also their 52-week lows on the BSE, after the company reported a 16.2% year-on-year (YoY) decline in net profit at Rs 155 crore for the quarter ended June 30, 2015 (Q1), due to lower sales.