Karur Vysya Bank Rises As Rakesh Jhunjhunwala Raises Stake In March Quarter

Gold Silver Reports (GSR) – Karur Vysya Bank Rises As Rakesh Jhunjhunwala Raises Stake In March Quarter – Shares of the Tamil Nadu-based private sector lender rose 1.8 percent to Rs 105.85. Well-known investor Rakesh Jhunjhunwala raised his stake in the bank to 3.36 percent versus 3.09 percent in the previous quarter, according to the March shareholding pattern submitted by the bank to stock exchanges.

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Manpasand Beverages Gains On Agreement With Parle

Gold Silver Reports (GSR) – Manpasand Beverages Gains On Agreement With Parle – Shares of the Vadodara-based fruit juice maker rose as much as 2.88 percent to Rs 392.65 after it signed an agreement with Parle to jointly distribute brands in Western India beginning with Gujarat.

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Seven KEC International Employees Abducted In Afghanistan; Shares Fall

Gold Silver Reports (GSR) – Seven KEC International Employees Abducted In Afghanistan; Shares Fall – Shares of the Mumbai-based power transmission company fell as much as 3.7 percent to Rs 410.80. The company in a clarification to stock exchanges said that its seven employees which include six Indian citizens and one Afghan national have been abducted in Afghanistan.

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Wockhardt Share Price Slumps On Reporting Loss In Q4

Gold Silver Reports (GSR) – Wockhardt Slumps On Reporting Loss In Q4 – Shares of the Mumbai-based drug maker fell as much as 11 percent to Rs 715 after it reported loss in quarter ended March 2018.

Key earnings highlights:

✅ Revenue up 18 percent at Rs 1,018 crore

✅ Net loss of Rs 155 crore versus net loss of Rs 175 crore

✅ Other income of Rs 56 crore in base quarter                

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Stocks To Watch: Fortis Healthcare, ICICI Bank, NHPC, Bodal Chemicals

Gold Silver Reports (GSR) – Stocks To Watch: Fortis Healthcare, ICICI Bank, NHPC, Bodal Chemicals – The dollar drifted from a recent high. Equity benchmarks in Japan fluctuated and gained in Australia. Hong Kong futures climbed alongside S&P 500 Index futures. The MSCI Asia Pacific declined for a second consecutive week last week.

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