The shares of tyre companies have plunged up to 8% each after MRF reported decline in net profit for the quarter ended March 2014.MRF, Apollo Tyres, Ceat, JK Tyre and Industries and Goodyear India are down 2-8% each on the Bombay Stock Exchange (BSE).
HDFC Bank has firmed up on the bourses after reporting a 23% increase in net profit for the quarter ended March 2014. The stock is trading at Rs 726, up Rs 9 or 1.2%, on the BSE.
Wipro is trading lower by 3.5% to Rs 527, extending its previous day’s 7% decline, after the company's revenue guidance for the first quarter of current fiscal came in below estimates.
Jaiprakash Associates slipped almost 1.2% to Rs 57.75 in afternoon trades on the Bombay Stock Exchange (BSE), on profit booking after recent rally. The stock rallied almost 7% in the last two trading sessions.
Larsen and Toubro (L&T) has moved higher by nearly 2% at Rs 1,346, extending its 5% rally in the past two trading sessions, on the BSE.
Gujarat Gas Company has dipped over 5% to Rs 388 on profit booking after its board approved the amalgamation and arrangement between group companies.
Novartis India has surged 16% to Rs 541 on back of heavy volumes media reports that Eli Lilly and Company proposed to acquire Novartis' animal health business.
Glenmark Pharmaceuticals has dipped nearly 3% at Rs 562 after the company said it has lost its appeal to invalidate Abbott Laboratories' TARKA (trandolapril/verapamil hydrochloride) patent.
South Indian Bank gained over 3% at Rs 25.35 in morning deals after the Reserve Bank of India (RBI) allowed foreign institutional investors (FIIs) to buy further shares in the bank as FII holdings had slipped below the limit.
IL&FS Engineering and Construction Company is locked at the upper circuit of 10% at Rs 50.85 on the NSE after the company bagged an order worth Rs 268 crore.
Shares of Hotel Leelaventure on Monday saw their biggest jump in about five years after news reports the company might sell controlling stakes in two properties to pare debt.