Business India

Sensex News: Hathway , Den Networks Top Gainers on BSE, Glenmark pharma Shares drops 2.25% on Poor Q2 results

Sensex News: Hathway , Den Networks Top Gainers on BSE, Glenmark pharma Shares drops 2.25% on Poor Q2 results
Written by Ashish Sharma

India’s benchmark indices opened with mild gains on Friday. BSE trading 56 points up to 33629 while NIFTY is 17 points and trading at 10440.Top gainers on BSE are Hathway which jumped 6.35 points to 38.25, followed by DEN Networks 9 points up to 93.05 and INFIBEAM 11 points gain to 169 at 12:05 IST.Top Losers on the board are Andhra Bank followed by HCC and Natco Pharma.NTPC share trading Sideways after the news of Boiler Blast came on Wednesday which raises the question marks on NTPC management. Today the share is more likely to fall below day’s low at the end of the Day.

Other trending stock today is Glenmark pharma, The stock plunged around 2.25 % on Friday due to poor Q2 results. The company reported a dip of 4.23 percent in its consolidated net profit to Rs 214.12 crore for the second quarter ended in September.However, the consolidated revenue rose  Rs 2,256.59 crore from Rs 2,224.10 crore for the same period a year ago.

Top picks of the day: Hold Syndicate Bank for Target of 105 and Maintain Stop loss of 17 hold for 2 weeks.Hold Axis Bank for a Target of 550 and Stop loss of 510 Hold it for a Month.BUY Union Bank for Target of 190 and Maintain Stop loss of 156, hold it for 1-2 Weeks.HOLD Bharti Airtel for Target of 555 and Maintain Stop loss of 530, hold it for 1 week. Buy Hathway for a target of 45 and Keep stop-loss of 33. Buy Den Networks for the Target of 100 and SL-86

About the author

Ashish Sharma

Ashish is a techie who is a finance and stocks hobbyist. He loves to contribute and create awareness by writing on business and finance