Sensex and Nifty are trading lower on Monday, dragged down by the weakness in Telecom, Energy, and Pharma stocks. At 11:05 AM, the BSE Sensex is trading at 33,211 level down by 103 points, while NSE Nifty is trading at 10,277 level down by 44 points.
Stock to watch out for the day: Adani Ports & Special Economic Zone and NTPC will announce their Q2 results today, 13 November 2017.
Shares of The New India Assurance Company will debut on the exchange today, 13 Nov 2017. The company’s IPO received bids for 14.33 cr shares compared with 12 cr shares on offer, as per NSE data. The IPO was subscribed 1.19 times.
Shares of National Fertilizers Ltd rose 4% to Rs 63.20 after the company reported a 46% rise in its net profit to Rs 66.72 crore in Sept quarter against Rs 45.67 crore a year ago.
Axis Bank Limited raises Rs. 11,625.8 cr via issue of equity shares and convertible warrants to BainCapital and other investors.
L&T’s consolidated net profit surged 31.86% to Rs 2020.30 crore on 4.96% rise in total income to Rs 26984.79 crore in Q2 September 2017 over Q2 September 2016.
Coal India’s consolidated net profit dropped 39.77% to Rs 368.88 crore on 6.43% rise in total income to Rs 18759.01 crore in Q2 Sept 2017 year-on- year.
Mahindra & Mahindra said that the company has fixed 23 December 2017 as the record date issue of bonus shares.
BPCL’s net profit rose 80.6% to Rs 2357.40 crore on 19.3% growth in net sales to Rs 53325.20 crore in Q2 Sept 2017 year-on- year.
Nestle India’s net profit rose 23.26% to Rs 343.17 crore on 7.45% rise in total income to Rs 2557.09 crore in Q2 Sept 2017 y-o- y.
Britannia Industries’ consolidated net profit rose 11.58% to Rs 261.05 crore on 6.92% rise in total income to Rs 2596.26 crore in Q2 Sept 2017 over Q2 Sept 2016.