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.
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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.
U.S. Softens Stance on Rusal Sanctions; Aluminum Plunges
Gold Silver Reports (GSR) – U.S. Softens Stance on Rusal Sanctions; Aluminum Plunges – the first time, the U.S. Treasury discussed a path for lifting the sanctions on Rusal, saying it would provide relief if Oleg Deripaska relinquished control. It also extended the deadline for companies to wind down dealings with the Russian aluminum producer by almost five months.
Merck Surges For Second Day After Procter & Gamble Proposes To Buy Stake
Gold Silver Reports (GSR) – Merck Surges For Second Day After Procter & Gamble Proposes To Buy Stake – Shares of the Mumbai-based drug maker rose as …
Indian Hume Pipe Gains After Order Win; NCLT Allows Liberty House Bid For Bhushan Power
Gold Silver Reports (GSR) – Indian Hume Pipe Gains After Order Win – Shares of the pipe manufacturer rose as much as 9.6 percent to Rs 375. The company bagged Rs 578.50 crore order from Madhya Pradesh Jal Nigam Maryadit, according to its stock exchange notification.
Cipla Shares Decline As Regulatory Concerns Prevail At Pithampur Unit
Gold Silver Reports (GSR) – Cipla Shares Decline As Regulatory Concerns Prevail At Pithampur Unit – Shares of the drug maker fell as much as 2.9 percent to Rs 572.15. The pharmaceutical company received three observations from the U.S. drug regulator for its Pithampur unit, according to its exchange filing.
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.