Tuesday, 22 April 2014
Gujarat
Gas falls 6.5% on merger plan between co and 4 arms
Gujarat Gas
Company has dipped over 5% on profit booking after its board approved the amalgamation
and arrangement between group companies.
Glenmark
Pharma declines after losing appeal on Tarka patent
Glenmark
Pharmaceuticals has dipped nearly 3% after the company has lost its appeal to
invalidate Abbott Laboratories' TARKA (trandolapril/verapamil hydrochloride)
patent
HDFC Bank
fourth quarter (January-March) net profit rising 23 percent year-on-year to Rs
2,326 crore, driven by higher other income and fall in provisions. Asset quality
was stable during the quarter.
MRF slumps
after poor Q2 earnings
MRF tumbled 7.7% after
net profit declined 18.86% to Rs 170.87 crore on 13.66% growth in total income
to Rs 3309.66 crore in Q2 March 2014 over Q2 March 2013.
