Company Overview and News
Deep Industries announced that the company has received a letter of award from ONGC, Rajahmundry Asset for the hiring of natural gas compression service at Mori, GCS for a period of 11 months.
Infrastructure stocks surged during Thursday’s trade, in line with S&P BSE Sensex which was trading in the positive territory.
Oil prices plummeted on Thursday’s trade with US crude giving up some gains on surprise fall of crude inventories.
The trend in pulses has gone upside down. Prices of the Kharif crops, mainly Pulses, Oilseeds, and Cereals are seen below the Minimum Support Price (MSP) ahead of the festive season.
In early morning trades, COMEX gold extended its fall for a third straight trading session as the dollar strengthened against other currencies amid easing economic and political uncertainty in the United States after a positive reaction to the release of a US Republican tax reform plan.
The S&P BSE Realty index took a beating as all the stocks on the index were trading in red, except Phoenix Mills. The index was trading at 2,159.94 level, down by 44.32 points or 2.01% as at 1031 hours on Tuesday. Unitech was the top loser and was trading down by 7.12% at Rs 8.22 per share.
Nifty ended Wednesday’s trade at 10,081 level down by 33 points, whereas BSE Sensex closed lower by 98 points at 32,476 level.
As an effect of the Reserve Bank of India's downward revision of the repo rate by 25 bps, the rupee has been trading at highest level since August 2015. It was trading at 63.81 per US Dollar during the afternoon hours on Wednesday.
GTPL Hathway Ltd is set to raise Rs485 crore through initial public offer (IPO) opening on Wednesday
For the full year,net profit declined 88.01% to Rs 1.43 crore in the year ended March 2017 as against Rs 11.93 crore during the previous year ended March 2016. Sales rose 8.35% to Rs 203.37 crore in the year ended March 2017 as against Rs 187.70 crore during the previous year ended March 2016.
Umesh Chowdhary, Vice-Chairman & Managing Director, Titagarh Wagons Ltd, has been elected as the Chairman of CII Eastern Region for the year 2017-18. Jagi Mangat Panda, Managing Director of Ortel Communications Ltd, is the new Deputy Chairperson. Their names were announced at the first meeting of the reconstituted Eastern Regional Council held in Kolkata on Saturday.
6h - Asif