Bharti Infratel Falls As Operating Performance Dips Marginally; Market Focusing On Quality Companies In Current Rally: Ambit Capital

Gold Silver Reports (GSR) – Bharti Infratel Falls As Operating Performance Dips Marginally – Shares of the Gurugram-based telecom infrastructure company fell as much as 3.77 percent to Rs 315.65 after its operating profit saw a marginal dip in March quarter. Bharti Infratel’s operating profit or EBITDA fell 0.4 percent to Rs 1,606 crore in March quarter from Rs 1,613 crore in the previous quarter.                       

READ MORE…

Hindalco, NALCO, Vedanta Slump As Aluminium Price Falls Most Since 2010; Sugar Producers Rise On Expectation Of Cane Subsidy

Gold Silver Reports (GSR) – Hindalco, NALCO, Vedanta Slump As Aluminium Price Falls Most Since 2010 – Shares of Hindalco, Vedanta and NALCO fell as much as 9 percent after aluminium slumped 7 percent on London Metal Exchange, the most since 2010, following softening of the U.S. government’s stance on Russian sanctions.

READ MORE…

Dilip Buildcon Surges After Kotak Securities Initiates Coverage

Gold Silver Reports (GSR) – Dilip Buildcon Surges After Kotak Securities Initiates Coverage  – Shares of the Bhopal-based road developer rose as much as 2.9 percent to Rs 1,162 after homegrown brokerage — Kotak Securities initiated coverage on the stock with a ‘buy’ for a target price of Rs 1,365 per share.   

READ MORE…

Stocks To Watch: Axis Bank, Bharti Infratel, Cipla, Reliance, LIC Housing

Gold Silver Reports (GSR) – Stocks To Watch: Axis Bank, Bharti Infratel, Cipla, Reliance, LIC Housing – The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.5 percent to 10,554 as of 7:20 a.m. Asian stocks had a mixed start Monday, with investors continuing to assess the outlook for trade discussions and geopolitical tensions. Equity benchmarks rose in Sydney, while those in Tokyo and Seoul were little changed.

READ MORE…

Sintex Plastics Block Deal Alert, Lasa Supergenerics Rises On Receiving WHO-GMP Certificate

Gold Silver Reports (GSR) – Lasa Supergenerics Rises On Receiving WHO-GMP Certificate – Shares of the Mumbai-based chemical maker rose as much as 7.9 percent to record high of Rs 94.90 after it received WHO Good Manufacturing Practice (GMP) certificate for unit situated at Mahad from Food and Drug Administration following which entry to regulated business markets will commence shortly, Lasa Supergenereics said in an exchange filing.

READ MORE…