Monday, 7 April 2014

Indian Stock Market Live Commentary and Updates

Coal India Ltd (CIL) received a single expression of interest from MMTC for its plan to import the fuel to meet supply agreements with power plants.

The Sun Pharma management in its conference call with investors and analysts justified the valuation of the Ranbaxy deal, and said it expected Ranbaxy’s operations to become profitable ‘in short time.’ But Sun Pharma refrained from giving any specific timeline on how soon it expected the turnaround.

State-run power equipment maker Bharat Heavy Electricals (BHEL) disappointed the street with its provisional numbers for the financial year 2013-14. Net profit in the year fell 51.2 percent to Rs 3,228 crore on account of lower revenues and order inflow.

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