INSUBCONTINENT EXCLUSIVE:
Shares of IndusInd Bank continued their fall on Wednesday and crashed over 5 per cent after analysts cut earnings per share (EPS) estimates
following dismal December quarter numbers.
Alembic Pharma received the final nod from the US health regulator for Tizanidine hydrochloride
capsules, used to treat spasticity
BSE benchmark Sensex, however, slipped 80 points to 41,872
higher-than-expected NPA numbers in recent banks earnings and very high consumer inflation
consolidated net profit at Rs 376.7 crore for the quarter ended December 2019
This was against Rs 375.5 crore profit reported for the same period a year ago
The stock added 2.38 per cent to Rs 1,922.90 on BSE
Stock Broking (KSBL) matter
cent higher after it bagged an order worth Rs 407 crore for construction of a multi-storied super-specialty hospital building at Sir JJ
Large contracts refer to ones between Rs 2,500 to Rs 5,000 crore
However, the stock slid 0.18 per cent to Rs 1,323.
Future Retail raises $500mKishore Biyani-led Future Retail said it raised $500 million
through dollar-denominated bonds
The bond was issued for a tenure of 5-year (non-call 3-year) at 5.6 per cent, the company said in a regulatory filing
The scrip slipped 1.5 per cent to Rs 345.25.
Alembic Pharma gets USFDA nodShares of Alembic Pharmaceuticals edged 0.29 per cent higher to Rs
563.65 after the drug firm said it received the final nod from the US health regulator for Tizanidine hydrochloride capsules, used to treat
spasticity.
Sun Pharma deal with RockwellShares of Sun Pharmaceutical Industries gained 0.55 per cent to Rs 448.25 after the company said it
$2 billion) at a price of Rs 445 per share, which is at a discount of 4.7 per cent to the current level.
YES Bank announces EGMShares of YES
Bank added 3.24 per cent to Rs 39.80 after the company announced an extraordinary general meeting on February 7
It also acquired 30 per cent stake in a Reliance Power subsidiary on invocation of pledged shares.
IndusInd Bank shares drop 5%IndusInd Bank
continued its fall as it slumped 5.44 per cent to Rs 1,400 after the lender reported a spike in provisions and deterioration in asset
The stock had fallen 4 per cent on Tuesday.
Broader indices rallyBroader market indices jumped leaving their headline peers far behind
Nifty Smallcap index gained 1.05 per cent to 6,229 while Nifty Midcap index rose 1.04 per cent to 17,836
It was helped by Infosys, HDFC Bank and Reliance Industries, which together cut 70 points
Wind and JM Financial, among others