Stocks continue trading with losses; telecom shares slide
12 - Jun - 2019 12:00 AM | 7 days ago
The Sensex and the Nifty continued trading with losses in mid-afternoon session. At 14:20 IST, the barometer index, the S&P BSE Sensex, was down 174.70 points or 0.44% at 39,775.76. The Nifty 50 index was down 62.85 points or 0.53% at 11,902.75.
The market breadth was negative. On BSE, 989 shares rose and 1400 shares fell. A total of 143 shares were unchanged. In broader market, the BSE Mid-Cap index was down 0.60%. The BSE Small-Cap index was down 0.38%.
Telecom stocks fell across the board. Tata Teleservices (Maharashtra) (down 4.86%), Reliance Communications (down 2.99%), MTNL (down 1.74%), Vodafone Idea (down 0.68%) and Bharti Airtel (down 0.36%), declined.
Most pharma stocks slipped. Biocon (down 3.41%), Aurobindo Pharmaceuticals (down 1.87%), Piramal Enterprises (down 1.79%), Cadilla Healthcare (down 1.71%), Divi's Laboratories (down 1.41%), Dr Reddy's Laboratories (down 1.10%), Sun Pharmaceuticals (down 0.88%), Glenmark Pharmaceuticals (down 0.87) and Lupin (down 0.51%), declined. While, Cipla was up 0.55%.
The yield on India's 10-year benchmark federal paper fell to 6.9971% at 14:30 IST, compared with 7.037% at close in the previous trading session.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 69.295, compared with its close of 69.44 during the previous trading session.
In the global commodities markets, Brent for August 2019 settlement was down $1.37 at $60.92 a barrel.
All eyes will be on Consumer inflation (CPI) numbers for May and Industrial Production (IIP) numbers for April which will release today, 12 June 2019.
Board of Himadri Speciality Chemical recommends final dividend
30 - May - 2019 12:00 AM | 20 days ago
Himadri Speciality Chemical announced that the Board of Directors of the Company at its meeting held on 28 May 2019, inter alia, have recommended the final dividend of Rs 0.15 per equity Share (i.e. 15%) , subject to the approval of the shareholders.
Himadri Speciality Chemical standalone net profit rises 1.33% in the March 2019 quarter
29 - May - 2019 12:00 AM | 21 days ago
Net profit of Himadri Speciality Chemical rose 1.33% to Rs 72.20 crore in the quarter ended March 2019 as against Rs 71.25 crore during the previous quarter ended March 2018. Sales rose 5.94% to Rs 583.44 crore in the quarter ended March 2019 as against Rs 550.75 crore during the previous quarter ended March 2018.
For the full year,net profit rose 26.68% to Rs 307.30 crore in the year ended March 2019 as against Rs 242.58 crore during the previous year ended March 2018. Sales rose 20.57% to Rs 2376.62 crore in the year ended March 2019 as against Rs 1971.17 crore during the previous year ended March 2018.
