CH Equity Tips –Stocks in News Again

Stocks Up

Indian Stock Market up on Tuesday again in IT Space, in Banking Space and in other sectors also. In the IT space Infosys rose 0.35 percent at USD 54.11, Wipro gained 0.72 percent at USD 11.26. In the banking space HDFC Bank added 2.72 percent at USD 35.85, ICICI Bank was up 6.1 percent at USD 36.89. In the other sectors Tata Motors advanced 1.37 percent at USD 31, Dr Reddys Laboratories was up 1.76 percent at USD 39.83.

Ranbaxy Laboratories after market hours on Tuesday, 29 October 2013, reported consolidated net loss of Rs 454.16 crore in Q3 September 2013, compared with net profit of Rs 754.17 Crore in Q3 September 2012. Total income increased 1.92% to Rs 2827.73 crore in Q3 September 2013 over Q3 September 2012. Ranbaxy, which announced results after market hours, has changed its financial year to April-March from January-December earlier; hence, the current financial year will be for a period of 15 months from January 2013 to March 2014.

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