Stocks in news: Cyient, Shriram Finance and Dr. Reddy's among 5 stocks that hogged limelight today
From the taper-tantrum to geopolitical risks, the Indian market has borne numerous challenges in its history.
Indian equities in an erratic market mood witnessed selling pressure towards the close of the session as continued FII sell-off and broader market losses weighed on the Street.
Shriram Finance
Stocks in news: Shares of the NBFC amid broader losses ended with a mild cut at Rs 527.35. The company's Q3 consolidated net profit after tax for the period from total operations was recorded at Rs 3,248.64 crore.
Interglobe Aviation
Ahead of its results later today, stock ended steady with mild gains of 0.6 per cent at Rs 4,162.8 per share. For the December quarter, analysts expect the company to post consolidated net profit of Rs 2,600 crore as against a loss of Rs 987 crore in the preceding September quarter.
Dr. Reddy's
Dr. Reddy's shares emerged as the top laggard on the Nifty index and ended with a cut of 5 per cent at Rs 1,224.7. The sharp plunge in the company's scrip following a decline in gross margins quarter-on-quarter.
Cyient
Cyient shares after hitting a new 52-week low in intraday trade ended over 23 per cent lower at Rs 1,344.7 after the company's CEO stepped down.
Granules India
Shares of the company ended 3 per cent lower at Rs 582.35 after its December quarter PAT fell 6 per cent on-year to Rs 118 crore.