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Mindtree gains as L&T increases stake to 26.48%

10:30 am / BY Ripples Advisory Private Limited
The L&T purchased 8,86,438 shares via open market on May 16 at Rs 979.81 per share, crossing the necessary 25 percent level to trigger the open offer on May 9. Share price of Mindtree gained in the early trade on Friday after infrastructure and engineering major Larsen and Toubro (L&T) has increased its stake in the company to more than 26 percent. The...

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A morning walk down Dalal Street | Bulls can take charge only if Nifty close above 11,300 convincingly

10:17 am / BY Ripples Advisory Private Limited
Higher VIX suggests that volatile swings could continue in the market ahead of the election outcome. A terrific Thursday was in store for investors as bulls took control of D-Street from the word go on May 16 thanks to stable cues. The index recovered most of the losses in the previous trading session. Bulls pushed the index back above 11,250 which is the...

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Dr Reddy's Q4 preview: Profit to rise 37% YoY to Rs 413cr; EBITDA margin may touch 23%

10:11 am / BY Ripples Advisory Private Limited
Narnolia Financial Advisors expects the pharma company to report a net profit of Rs 545 crore as against Rs 500 crore in the last quarter Dr. Reddy's Laboratories is slated to come out with its fourth-quarter earnings on May 17. Kotak Institutional Equities expects the pharma major to report a net profit of Rs 413.6 crore, up 36.9 percent year-on-year and down 14.8...

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