was incorporated on June 29, 1983 as a private limited company and went public on April 1, 1996. Dishman Pharmaceutical & Chemicals limited manufactures and markets cost-effective, high quality chemical services and products to the global pharmaceutical and chemical industry. DISHMAN has marketing offices/wholly-owned subsidiaries at strategically important global locations.
Mumbai, Jan 16 : A benchmark index for Indian equities markets was trading flat in late afternoon trade Wednesday with automobile and bank stocks plummeting.
The sober sentiment in the market came a day after the benchmark index breached the 20,000 points due to the union government's decision not to implement till 2016 the new tax avoidance law announced in the budget of 2012-13 and on the possibility of a rate cut by the central bank.
The BSE Sensex, which opened at 19,978.19 points, was at 19,890.22 points around 1.15 p. m. -- down 96.60 points or 0.48 percent from its previous close at 19,986.82 points.
Mumbai, Jan 15 - A benchmark index for Indian equities markets was trading flat in late afternoon trade Tuesday after it breached 20,000 points in early morning trade.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) crossed the 20,000 points mark for the first time since January 2011 in early morning trade, a day after the union government's decision not to implement till 2016 the new tax avoidance law announced in the budget of 2012-13.
Mumbai, Jan 11 - A benchmark index for Indian equities markets was trading flat in the afternoon trade Friday as banks, fast moving consumer goods (FMCG) and oil and gas stocks fell.
The sobered sentiment came as the country's industrial output contracted by 0.1 percent in November. The output was dragged down by deceleration in production in manufacturing, minning and electricity generation.
Mainland China shares have fallen from its highest point in four months following weaknesses in some sectors including the resource sector.
The CSI300 of the top Shanghai and Shenzhen have fallen 0.5 percent on Friday. However, the index has risen 0.7 percent during the week to 2,372 points. Meanwhile, the Shanghai Composite Index fell 0.7 percent on Friday while it rose 0.1 percent this week. The two indices have recorded gains in the previous three weeks as the Chinese economy recorded healthy signs of recovery.
Gitanjali Gems Limited (GGL) has realigned its business model and divided the business in three verticals- The Diamond and Jewellery Manufacturing, the Indian Branded Jewellery distribution and retailing and the International branded jewellery distribution and retailing. The move has rendered more transparency and visibility to the business. During the period 2010-12, the company clocked a CAGR of ~38% in Net Revenues while CAGR of 56% in Net Profit. We expect better performance during the second half of the year due to a boost in sales during the festive and marriage seasons.
Mumbai, Dec 17: A benchmark index for Indian equities markets is trading 58 points down in late afternoon session Monday, a day before the Reserve Bank of India (RBI) meets to decide on the mid-quarter monetary policy review.
Good buying was seen in metals, auto and healthcare stocks, while information technology (IT), consumer durables and technology, entertainment and media (TECk) stocks declined.
Mumbai, Dec 14 - A benchmark index for Indian equities markets was Friday trading 42.60 points up in the late afternoon session following healthy buying spree in metals, banks and auto stocks.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,217.96 points, was ruling at 19,271.86 points around 1.00 pm, up 42.60 points or 0.22 percent from its previous close at 19,229.26 points.
Stock markets in the European region gained marginally and mostly remained steady as the Federal Reserve in the country began a meeting that is likely to result in more bond buying in the country.
The shares of Tara Jewels, which made debut at Rs 242, are now trading below the issue price as investors sought to exit the stock after recommendations from brokers. lkkkkThe stock had listed on the market at Rs 242, which is a premium of 5 per cent to the issue price of Rs 230 per share.
The stock markets in China increased following remarks from new Communist Party chief Xi Jinping, in which he said that the country could be on the path of economic recovery.
Both the onshore China shares and Hong Kong Market performed better than its peers in the Asian region after Xi said that his key priorities include tax reform, urbanization and more role for market forces to determine resource prices.
Hong Kong market closed higher today after the refiners recorded strong gains due to lower oil prices in the international markets. Hong Kong's Hang Seng Index rose 32.12 points to 21,799.97 after it touched a low of 21,687.88 in the morning.
Onshore China shares increased and led the gains in Hong Kong. The gains in the Chinese telecommunication stocks and turnover in Hong Kong helped in boosting the index. The China Enterprises Index of the top Chinese listings closed 0.6 percent higher following a rebound.
Mumbai, Nov 27 : A benchmark index for Indian equities markets Tuesday was up 244 points following a healthy buying spree in bank, capital goods, metal, fast moving consumer goods (FMCG), automobile, healthcare and oil and gas stocks.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,616.55 points, was ruling at 18,781.33 points around 11.30 p. m., up 244.32 points or
1.32 percent from its previous close at 18,537.01 points.
Shanghai Composite Index has fallen 0.7 per cent or 14.71 points to the level of 2015.61 as investors continued to be doubtful over the scope of economic recovery in the world's second largest economy.
The fall comes even after latest figures from the country indicated that the domestic manufacturing activity in the country improved during November. Investors are concerned over the continued uncertainty in the global economy and pressure on the Chinese economy due to weak demand from the international markets for its products.
Indian Stock Markets recovered during the end of trading session after opening lower due to global market conditions. After win of Barack Obama, US stocks tanked and witnessed sharp correction due to selling pressure. European markets also closed with major loss yesterday.
In today's trade, Asian stocks also closed lower. USD has claimed lost ground against Indian currency after yesterday's fall. USD-INR was trading at 54.53. Euro-INR was trading at 69.39.
NSE Nifty closed 21 points lower at 5738 after breaking 5700 in first hour of trade. BSE Sensex closed 56 points lower at 18846.
Emkay Global Financial Services has given target price of Rs 143 for Godavari Power and Ispat. The analyst house has given bullish outlook for the power and metals sector company based on good growth during the previous quarter.
The business has improved and 102% higher iron ore mining compared to same period of previous year. Emkay Global has given buy call for the stock.
Stock in Cipla gained 0.87 per cent to close at Rs 380.45 a share on the Bombay Stock Exchange (BSE) on Monday, after the drug-maker announced 62 per cent year-on-year jump in net profit. The BSE's benchmark Sensex could gain just 0.04 per cent.
Cipla announced that its net profit jumped from Rs 309 crore in the second quarter of fiscal year of 2012-13 to Rs 500 crore in the same quarter of current fiscal, thanks to strong growth in sales in domestic as well as international markets.
Formulation exports of the drug-maker jumped 38 per cent in the three months thorough September 30 year-on-year, from Rs 752 crore to Rs 1,039 crore.
Shares in the Hong Kong market increased due to hopes of a further increase in the year as well as higher risk appetitive shown by the investors.
The benchmark, Hang Seng Index increased 1.3 percent on Friday with a close of 22,111.33. It is the index's highest level since 2 August, 2011. Hang Seng has risen 2.6 percent this week, which is its best performance since 10-14 September.
Authorities in the US have announced that that the New York Stock Exchange and other intuitions will remain closed on Monday as a precautionary measure for the Hurricane Sandy.
Indian Stock market gained on Monday with BSE Sensex up by nearly half a per cent at 18773 and NSE Nifty higher by 22 points. Among major Asian markets, Hang Seng was up by 0.55% while Straits Times and Nikkei 225 were flat.
Suresh Mahadevan, Head Equities at UBS Securities has expressed positive outlook for Indian stock market. He expects that the Indian economy will recover during the second half of the financial year. He also expressed his opinion about expected rate cut from RBI over next 12 months.