Indian markets make a poor show on Thursday
Investors are apprehensive that the coming earning season will be weak, according to reports.
Some of the gainers on Thursday were BHEL, Coal India, Lupin, Aurobindo Pharma and Dr Reddy’s Labs.
Major losers included Tata Power, Adani Power, Maruti Suzuki and Larsen and Toubro.
For the financial year ended March 2016, BHEL on Thursday reported net loss of Rs 877 crore (provisional) in fiscal year 2015-16 against net profit of Rs 1,419 crore last year. But its share prices got a boost from the announcement that it has recorded the highest-ever commissioning of projects in its history and the highest order booking in the past five years in 2015-16.
Infosys, ACC Ltd and Ambuja Cements Ltd are expected to post their earnings next week.
Image: Wikimedia Commons
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
