Stock Corner
1.
Shares of
Sun Pharmaceutical Industries hit its 52-week high of Rs 618, up 3% on the BSE
in intra-day trade on Thursday, after the company announced that it has
received approval for CEQUA from the U.S. Food and Drug Administration (FDA).
CEQUA is indicated to increase tear production in patients with
keratoconjunctivitis sicca (dry eye).
2.
Shares of
four companies – Bajaj Finance, Bajaj Finserv, GAIL (India) and Infosys – from
the Nifty 50 index hit their respective new high on the National Stock Exchange
(NSE) on Thursday in otherwise range-bound market.
3.
Shares of
midcap information technology (IT) companies have rallied by up to 15% on the
BSE after they reported a good set of numbers for the quarter ended June 2018
(Q1FY18). IT shares are trading higher for the fourth straight day due to
persisting weakness in the rupee.The Indian rupee hit record low of 70.32 per
dollar on Thursday.
4.
Travel
company Cox & Kings share price declined 4 percent intraday on Thursday as
the firm reported sharp decline in June quarter profit. Profit for the quarter
ended June 2018 fell sharply by 34.8 percent to Rs 136.9 crore compared to Rs
210.1 crore in same period last year. Revenue during the quarter rose 14.5
percent to Rs 2,183.9 crore against Rs 1,908.1 crore in corresponding period
last year.
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