Today’s Stock Market Analysis

May 02 2016 03:23 PM
Today’s Stock Market Analysis

Mumbai: Today’s focus is on ICICI Bank, Oberoi Tanks and IndiGo nosedives. ICICI Bank shares- Since April 12, the shares fells to its lowest over 4.94% on poor earnings, and is heading for fourth consecutive daily loss.

The bank has loans to five sectors below investment grade: power, iron/steel, mining, cement, and rigs, Macquarie says.

January-March earnings of a company, estimates of a much bigger profit.

IndiGo nosedives- shares plunged over 6% after the company’s net profit remained flat at Rs. 579.31 crore in the three months ended March.

The shares further slipped 6.42 percent to Rs. 1,007.40 on the BSE, after opening a weak note.

Shares of the company were trading 6.95 per cent down at Rs. 1,006 on the NSE.

Oberoi Tanks- Shares fell nearly by 7% after the company’s net profit plunge in about a 37%.

On the BSE, stocks declined 6.38% to Rs. 261.50.

On the NSE, stocks declined 6.64% to Rs. 261.20.

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