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Stock Corner:

1.                   Dr Reddy's Labs gained over 6% even after it posted an about 3% fall in quarterly profit, hurt by headwinds in the US market.

2.                   State Bank of India (SBI) gained 3% even after it posted net loss of Rs 77.18 bn in January - March 2018 quarter, as against a net profit of Rs 28.15 billion in the previous corresponding period.

3.                   Reliance Communications rallied after the company filed appeal before the Hon’ble National Company Law Appellate Tribunal (NCLAT) against the Hon’ble National Company Law Tribunal (NCLT) order.

4.                   The Amara Raja stock corrected over 8 per cent intraday on its weak March quarter performance, and downward revision of margin estimates by brokerages for FY19

5.                   A rise in crude oil prices, especially in an election year, has seen oil marketing companies – Hindustan Petroleum, BPCL andIOC underperform the markets thus far in calendar year 2018 (CY18).

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