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Category Archives: Top Corporate News

Sensex falls for a fourth straight day as rupee, oil prices weigh

The benchmark indices fell for a fourth straight day on Friday, on concerns over high oil prices and weakness in the rupee. The Sensex declined 0.86 per cent, or 301 points to 34,848.3, while the Nifty declined 86.3 points, or 0.81 per cent to 10,596.4. Both the indices ended the week with a decline of nearly two per cent

TOP CORPORATE NEWS- 18 MAY 2018

Sun Pharma launches Welchol AG, nothing to do with Halol Sun Pharmaceutical Industries has announced that one of its subsidiary has launched colesevelam hydrochloride 625mg tablet. This is an authorized generic version of Welchol which is manufactured by Daiichi Sankyo. The launch is pursuant to a distribution and supply agreement between Sun Pharma’s wholly owned

CAPITALSTARS -STOCKS TO LOOK OUT FOR TODAY: 18 MAY 2018

Indian benchmark indices opened on a positive note, but soon after opening, the indices declined and selling pressure intensified in the last hour of trade. In the end, Nifty breached the important psychological 10,700-mark. The price action of the day formed a sizeable bear candle carrying lower high-low, indicating follow-up selling by bears. Going ahead,

TOP CORPORATE NEWS- 17 MAY 2018

Bajaj Finance stock hits 52-week high on strong Q4FY18 numbers Shares of Bajaj Finance hit 52-week high after the company’s standalone revenue improved by 33.2% yoy to Rs3,557cr. Its NII came at Rs2,365cr as against Rs1,686cr, which has improved by 40.3% yoy. The company’s net profit came above estimates at Rs720.9cr against Rs449cr, up 60.5%

CAPITALSTARS -STOCKS TO LOOK OUT FOR TODAY: 17 MAY 2018

Benchmark index NSE Nifty opened with a gap-down and edged lower on Tuesday, extending its previous day’s retreat. During the day, Nifty bounced back from the lower levels to fill the opening downside gap, and after filling the gap, it retreated yet again in the afternoon trade to close near the opening level. The price

TOP CORPORATE NEWS- 16 MAY 2018

ITC stock gains after Q4FY18 PAT rises 10% Shares of ITC rose 1% after Q4FY18 numbers came broadly in-line with the consensus estimates. The company reported PAT growth of 9.9% yoy to Rs2,932.7cr. Its cigarette segment (assuming all excise duty is for cigarette segment) reported 7.1% yoy decline in revenue. This is attributable to expected

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