SBI Life hits new high after Carlyle affiliate offloads entire 1.9% stake business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Read more about Titan Company gains 6% in two days; stock nears record high on Business Standard. With the past two day s rally, it has recovered 15 per cent from its recent low of Rs 1,401, hit on May 4, in intra-day trade
Read more about Financials under pressure; ICICI Bank, RBL Bank, IndusInd slip up to 7% on Business Standard. The first fortnight of April 2021 has been weak in terms of business (already down 20 per cent) due to lower working days and onset of an aggressive second wave of Covid-19 infections
Shares of Motherson Sumi Systems, on Wednesday, rose 2.4 per cent to hit a fresh 52-week high of Rs 238.20 on the BSE after rating agency CRISIL reaffirmed the company s ratings. In an exchange filing, the company said that its long-term ratings has been reaffirmed to CRISIL AA+, with Stable outlook from the earlier negative . Short-term ratings has been reaffirmed to CRISIL A1+. At 11:25 AM, the stock was trading 1 per cent higher at Rs 234.85 as compared to the benchmark Sensex s 0.9 per cent gain. Around 80.8 lakh shares have changed hands on the NSE and BSE, combined, so far. In Q3FY21, Motherson Sumi Systems consolidated profit after tax (PAT) more-than-doubled to Rs 798 crore from Rs 271 crore in the corresponding quarter of previous fiscal. Earnings before interest, taxes, depreciation, and amortization (Ebitda), meanwhile, grew 56 per cent year on year (YoY) at Rs 2,041, while margins improved 300 basis points (bps) to 11.4 per cent during the quarter.
Read more about ONGC rallies 7% on higher oil prices; stock up 29% so far in February on Business Standard. Goldman Sachs Group Inc. has predicted crude oil prices could advance above $70 in the coming months