POST MARKET
The benchmark equity indices Sensex and Nifty pared early gains in a highly volatile trade on Thursday amid profit booking at higher levels on the Sensex expiry day, while a record low rupee also weighed on investor sentiment.
Among sectoral indices, IT, auto, realty and oil & gas stocks were the major laggards.
The Nifty Smallcap100 index declined 0.6 percent, while the Nifty Midcap100 index traded marginally higher.
STOCKS IN NEWS
Cipla
Cipla shares jumped more than 8 percent on Thursday, emerging as the top gainer on the Nifty index, after brokerages largely maintained a positive view on the company following its March quarter results.
Balaji Amines
Balaji Amines hits 20% upper circuit after strong Q4 results reason revenue from operations rose 12 per cent year-on-year to Rs 395 crore, while net profit jumped 58 per cent to Rs 63 crore from Rs 40 crore a year earlier.
Bharti Airtel
Shares of Bharti Airtel rose over 5% on May 14 a day after the company announced its March quarter earnings. Despite reporting a lower-than-expected bottom line for the March quarter, owing to a one-time charge on account of regulatory and government levies, brokerages remain largely positive on the stock given the company’s strong fundamentals.
TVS Motor Company
Shares of TVS Motor fell near 2 percent on May 14, their lowest level in more than one week, as the firm sees slower sales growth as Middle East tensions weigh.
Source – Moneycontrol
