Siemens posted a net profit after tax of Rs 2,873.7 crore for the year ended September 30, 2016 as compared to Rs 1,174 crore for the year ended September 30, 2015.
Jet Airways (India) Ltd is currently trading at Rs 355.5, up by Rs 13.9 or 4.07% from its previous closing of Rs 341.6 on the BSE.
A2Z Infra Engineering Ltd rallied 5%. The company’s subsidiary A2Z Green Waste Management Limited (previously known as A2Z Infrastructure) (A2Z Green”), has on November 19, 2016, agreed to a framework with one of its lenders for a settlement of its various debt obligations aggregating Rs 4161.84 million.
Bharat Petroleum Corporation Ltd is currently trading at Rs 635, down by Rs 7.05 or 1.1% from its previous closing of Rs 642.05 on the BSE.
Shares of metal stocks were trading higher for the second straight day on BSE. The BSE Metal index is trading up 2.2% or 219 points at 10,216 as against the previous close of 10,011. The Metal index opened at 10,101 and hits a high of 10,240 and a low of 10,080.
Lupin climbed 3.5% after the company has received tentative approval for its Abacavir Sulfate and Lamivudine Tablets, 600 mg/300 mg from the USFDA to market a generic version of ViiV Healthcare Company’s Epzicom Tablets, 600 mg/300 mg.
Larsen & Toubro soared 3%. Larsen & Toubro on Tuesday reported an 84% surge in its consolidated net profit to Rs 1,435 crore for the quarter ended September 30 as compared to Rs 778 crore in the same period last year.
Wockhardt dropped 2.2% after the company informed the exchange that USFDA has issued a Warning Letter to C P Pharmaceuticals Limited, Wrexham, United Kingdom, a step down Subsidiary of the Company.
Sun Pharma rose 1.6%. The company announced the execution of definitive agreements by its wholly owned subsidiary, for the acquisition of 85.1% of JSC Biosintez, a Russian pharmaceutical company engaged in manufacture and marketing of pharmaceutical products in Russia and CIS region.
Siemens gained 1%. The company will announce its Q2 numbers today.
Canara Bank inched up 0.50% on the BSE. The bank is planning to sell a portion of its 43% stake in business arm Can Fin Homes as part of the government’s diktat asking public sector banks look to sell their noncore businesses.
UltraTech Cement is trading in green on the BSE. The company on Tuesday said the Competition Appellate Tribunal (COMPAT) has granted a stay on an order passed by the fair trade regulator Competition Commission of India against the company on deposit of 10% of the penalty amount.
Birla Corporation rallied 2%. Birla Corporation reported an over two-fold jump in standalone net profit at Rs 58 crore for the second quarter ended September 30, 2016. It had registered a net profit of Rs 23 crore in the year-ago period.
EIH is trading marginally lower at Rs 101.65. The company that runs hotels and resorts under Oberoi and Trident brands said it plans to delist its global depository receipts from the London Stock Exchange in February 2017.
Bharti Airtel slipped 1% to Rs 301.55 on the BSE. The telecom company said its customers in the city could face some “teething issues” over the next few days as the country’s largest telecom operator upgrades its 3G network.
Suven Life Sciences advanced 2%. Suven Life Sciences has secured two patents – one each from China and Mexico for its new chemical entities (NCEs) used in the treatment of neurodegenerative diseases.
NMDC gained 1.2%. Leading steel companies across the globe are showing interest in buying the Nagarnaar steel plant of the NMDC, which is coming up in Chhattisgarh’s Bastar district, as per media reports.
Vedanta soared 4.2% after the company is looking at increasing its captive power generation capacity by 1200MW amid rising production. The company is considering setting up 350MW super-critical units in joint ventures at its different production bases in the country.
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