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RIL, Tata Communications, GHCL in focus

Read more about RIL, Tata Communications, GHCL in focus on Business Standard. Reliance Industries (RIL) has reportedly held talks with Saudi Aramco on a cash and share deal for sale of a 20% stake in its oil refining and petrochemical arm. The deal was to conclude by March 2020 but has been delayed for reasons not disclosed ....

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Castrol India soars after stellar Q1 performance

Castrol India jumped 4.39% to Rs 130.75 after the lubricants maker reported 94.6% jump in net profit to Rs 243.60 crore on 65.5% increase in net sales to Rs 1138.70 crore in Q1 March 2021 as compared to Q1 March 2020.
Profit before tax in the first quarter stood at Rs 332.30 crore, up by 96% from Rs 169.50 crore in the same period last year.
Sandeep Sangwan, managing director, Castrol India, said: Focused investments, interventions and actions taken in the second half of 2020 towards brand building with increased marketing and advertising spends, new product introductions as well as corrective pricing have yielded a positive impact on overall topline growth. This has been aided by improving demand trends especially in tractor and SUV sales in 1Q 2021. ....

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Volumes spurt at Dhanuka Agritech Ltd counter

Read more about Volumes spurt at Dhanuka Agritech Ltd counter on Business Standard. Dhanuka Agritech Ltd notched up volume of 17530 shares by 10:49 IST on BSE, a 6.72 fold spurt over two-week average daily volume of 2610 shares ....

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Benchmarks near day's low; Sensex slumps 1654 pts

Key equity barometers were hovering near the day s low in afternoon trade. The Nifty was trading below 14,350 level. Investors sentiment was dented as COVID-19 cases continued to surge in the country.
At 13:20 IST, the barometer index, the S&P BSE Sensex, slumped 1,654.56 points or 3.34% at 47,936.76. The Nifty 50 index tanked 497.20 points or 3.35% at 14,337.65.
Reliance Industries (down 3.86%), HDFC Bank (down 3.96%) and ICICI Bank (down 5.30%) were major drags.
The broader market underperformed the benchmarks. The S&P BSE Mid-Cap index lost 5.28%. The S&P BSE Small-Cap index skid 4.78%.
Sellers outnumbered buyers. On the BSE, 429 shares rose and 2,435 shares fell. A total of 184 shares were unchanged. ....

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Sensex slumps 1700 pts, Nifty holds 14,300; VIX spurts to 23 mark

Read more about Sensex slumps 1700 pts, Nifty holds 14,300; VIX spurts to 23 mark on Business Standard. Domestic equity indices ended with sharp losses on Monday, as surging COVID-19 cases in the country triggered fears of fresh lockdowns. The Nifty managed to close above the 14,300 mark after hitting the day s low of 14,248.70 in late trade. All the ....

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