Bharti Infratel Falls As Operating Performance Dips Marginally; Market Focusing On Quality Companies In Current Rally: Ambit Capital

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.

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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.       

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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.   

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