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Daily
Newsletter
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1.
Shares of
InterGlobe Aviation slumped nearly 20% during the day to hit their lowest in
seven months and wiped out nearly Rs 101.13 billion ($1.52 billion) in market
capitalisation after it posted a 73% plunge in profit.
2.
RB
Infrastructure Developers has reported a 15.7 percent growth year-on-year in
net profit at Rs 239.8 crore for the quarter ended March 2018 despite fall in
revenue and operational income. The stock was down more than 4 percent.
3.
Edelweiss
Financial Services reported 46 percent rise YoY in consolidated net profit at
Rs 248.22 crore for the March quarter, driven by higher income from fee and
insurance premium as well as fund-based activities.
4.
Shares of PC
Jeweller remained volatile even as the company denied reports that the Central
Bureau of Investigation (CBI) was conducting searches at its stores in Nagpur.
5.
India's
sugar production is estimated to jump at record 31.5-32 million tonne (MT) in
the current marketing year ending September on higher cane output, according to
industry body ISMA.
Missed call
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