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Gainers: The biggest gainer among bank stocks was ICICI Bank; it was up 22%. Axis Bank posted a 34% and 47% increase in income and operating profit, respectively, in the June quarter but the stock had already run up. It rose 21%. Tata Consultancy Services posted a growth of 8% and 12%, respectively, in sales and operating profit for the June quarter. This was a surprise and all analysts...
Our selected stocks from pharma to software to cement, all gained handsomely
Gainers: Nava Bharat Ventures (up 24%) gained the maximum. Lupin plans to invest Rs450 crore to accelerate growth. It will increase capacities in India to serve the global market. The stock surged 19%. Another pharma stock Unichem also shot up 14%. Axis Bank posted 34% and 47% growth in sales and operating income,...
The Budget spooked bank stocks on fears of higher government borrowing; PSUs like GAIL and SAIL did better
Gainers: Jain Irrigation has received a contract worth Rs158 crore from various Coca-Cola bottlers to supply mango pulp for the 2009-10 season from its two processing plants located in Jalgaon, Maharashtra and Chitoor, (Andhra Pradesh). The stock gained 15%. Gas Authority (GAIL) plans to...