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Capital goods and infrastructure-related stocks made decent gains in a volatile market
Gainers: Shriram Transport Finance Company (up 4%) allotted 116.58 lakh equity shares to qualified institutional buyers (QIBs) for an aggregate sum of Rs583.86 crore, resulting in a dilution of around 5.2% stake. IVRCL Infrastructures & Projects (up 2%) has received a contract from National Highways...
Bank stocks were lifted by the RBI’s decision to keep rates unchanged. Bank of Baroda (up 9%), Axis Bank
Gainers: Bank stocks got a boost after the Reserve Bank of India (RBI) announced its quarterly monetary policy review. Bank of Baroda (up 9%), Axis Bank (up 5%), Canara Bank (up 3%) and ICICI Bank (up 1%) reversed their declining trend after the RBI decided to keep interest rates...
Bharati Shipyard surged 10% on robust Q3 numbers and a strong order book
Gainers: Bharati Shipyard (up 10%) posted 48% growth in sales and 43% growth in operating profit in the December 2009 quarter compared with the corresponding year-ago period. The company has a strong order book position of Rs4,987.4 crore, the bulk of which is from the offshore segment including anchor handling, tugs...