Shares of Dr Reddy’s Laboratories have gained 6.5% to Rs 2,559 on the BSE in intra-day trade so far after the company reported a good operational performance in September quarter (Q2FY19), on account of lower R&D, higher other income, financial income, and lower tax.
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आईडीबीआई बैंक के लिए एलआईसी का ओपन ऑफर 3 दिसंबर से खुलेगा. आईडीबीआई बैंक के शेयरधारक 14 दिसंबर तक अपने शेयर एलआईसी को बेच सकते हैं. एक शेयर की कीमत 61.73 रुपये तय की गई है.आईडीबीआई बैंक एक सरकारी बैंक है, जिसे एलआईसी खरीदने जा रही है.
सेबी ने नियमों के मुताबिक, एलआईसी ने आईडीबीआई बैंक के 2,04,15,12,929 शेयर खरीदने की पेशकश की है. ये शेयर आईडीबीआई के पेड-अप कैपिटल के 26 फीसदी के बराबर हैं. एलआईसी ने आईडीबीआई बैंक में 51 फीसदी हिस्सेदारी रखने का फैसला किया है. इसके चलते माइनॉरिटी शेयरधारकों के लिए उसे ओपन ऑफर पेश करना जरूरी है.
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Shares of automobile companies were trading weak for the sixth straight session on concerns of a slowdown in demand due to rising crude oil and commodity prices especially petrol and diesel.
The Nifty Auto index (down 1% at 9,903) and the S&P BSE Auto index (down 1% at 22,168) hit their respective 52-week lows in intra-day trade on Tuesday. In past one month, the auto indices have underperformed the market by falling 10% as compared to a 5.5% decline in the benchmark indices
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Star Paper Mills, West Coast Paper, NR Agarwal Industries, Ruchira Papers, Tamil Nadu Newsprint & Papers and Seshasayee Paper & Boards were up in the range of 3% to 8% on the BSE. Shares of paper manufacturers were trading higher by up to 13% in otherwise subdued market on Wednesday after JK Paper reported a strong set of numbers for the quarter ended June 2018 (Q1FY19).
JK Paper has rallied 13% to Rs 143 on the BSE after the company reported 58% jumped in net profit at Rs 951 million in Q1FY19 on back of strong operational performance. It had profit of Rs 601 million in year ago quarter. Gross revenue from operations during the quarter under review increased 18.5% at Rs 8,526 million against Rs 7,201 million in the corresponding quarter of previous fiscal.
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