The scrip of Jindal Steel & Power went down by 2.32 per cent, Essar Shipping lost 2 per cent and Videocon Industries fell by 1.82 per cent on BSE.
Essar Shipping reported widening of its net consolidated loss at Rs 176.67 crore for the quarter ended March 31.
With this acquisition, the company's total DWT (deadweight tonnage) capacity now stands at 1.6 million and its average fleet age has fallen to 12 years from 13.5 years earlier, it said.
On April 25, 2017 India Capital Markets sold 25,50,000 shares of Essar Shipping at Rs 30.50.
The Baltic Dry Index, a key indicator of freight rates, has also gone up by four times during 2016-17—from an all-time low of 290 (in February 2016) to a high of 1,300 (in March 2017).
Tata Motors | Sun Pharma | DLF | Cadila Health | Jindal Steel | SpiceJet | Adani Enterprises | MOIL | Cox & Kings | HDIL | Liberty Shoes | Voltas | National Fertilisers | Ashiana Housing | Power Mech | Intellect Design Arena are stocks, which are in the news today.
According to Satish Gupta of Astrostocktips, shipping stocks like Shipping Corporation of India, Shreyas Shipping, Essar Shipping, Seamec and GE Shipping will get astro support.
The company had posted standalone loss after tax of Rs 40.79 crore in the corresponding quarter of previous fiscal, Essar Shipping said in a filing to BSE.
According to Sandeep Wagle, Founder & CEO at powermywealth.com, one may book profits in Essar Shipping at around Rs 33.
"This is to inform you that we have sold 12,43,62,408 equity shares of Rs 10 each in Essar Shipping (ESL), representing 60.09 percent of the equity share capital of ESL to Essar Africa Steel Holdings Ltd, by way of inter-se transfer," the company told BSE.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Essar Shipping, Essar Rosneft, Fortis Health, NIIT Technologies, and Infosys.
On October 3, 2016 India Max Investment Fund Ltd sold 18,00,000 shares of Essar Shipping.
On September 30, 2016 India Max Investment Fund Ltd sold 22,00,000 shares of Essar Shipping at Rs 27.50 on the NSE.
On September 28, 2016 India Max Investment Fund Ltd sold 18,00,000 shares of Essar Shipping.
On September 27, 2016 India Max Investment Fund Ltd sold 30,00,000 shares of Essar Shipping.
M&M | Lupin | Torrent Pharma | Cadila | Ahluwalia Contracts | RBL Bank | Jindal Stainless | Dalmia Bharat | Cenlub Industries | ARSS Infra | Maithan Alloys | Balaji Telefilms and Manpasand Beverages are stocks, which are in the news today.
Yes Bank | Crompton Consumer | IDFC Bank | Just Dial | Cairn India | Vedanta | Apollo Tyres | Amtek Auto | Asian Oilfield | Pfizer | IDBI Bank | Zensar Technologies | Puravankara | Bhushan Steel | Bharti Infratel | Motherson Sumi | JSPL and SAIL are stocks, which are in the news today.
The company's loss in the corresponding quarter of previous fiscal stood at Rs 45.94 crore, Essar Shipping Ltd said in a filing to BSE.
Bharti Airtel | KEC International | Reliance Communications | Control Print | Lokesh Machines | Essar Shipping | Oil India | Coal India | MTNL | Infibeam and NTPC are stocks, which are in the news today.
Total consolidated income of the firm, however rose to Rs 445.62 crore in January-March quarter of the last fiscal from Rs 426.51 crore during the same quarter in 2014-15.
Tata Steel | Larsen and Toubro | Kaveri Seed | Monsanto | KNR Construction | Ruchi Soya | VRL Logistics | NALCO | IL&FS Transportation | Power Grid and GAIL are stocks, which are in the news today.
Clairvoyance Energy Private Limited sold 1,552,500 shares of Essar Shipping at Rs 23.25 on the NSE while the house also sold 1,552,500 shares on the BSE at Rs 23.30 per share.
Sun Pharma | M&M | ONGC | Coal India | Wipro | Hero Motocorp | BHEL | Trent | J Kumar Infra | Mercator | SREI Infrastructure | Lanco Infratech | Liberty Shoes | ABG Shipyard | Unitech | Punjab & Sind Bank | NALCO | BGR Energy | Ajmera Realty | Amtek Auto | Pennar Engineering and Wockhardt are stocks, which are in the news today.
The company's total income from operations declined to Rs 433.53 crore during the quarter under review as against Rs 484.79 crore in the year-ago period.
Stocks likely to be in the focus: Coal India, Tree House Education and Accessories, Zee Learn, Idea Cellular, Reliance Communications, Larsen and Toubro, Astra Microwave Products, V-Mart Retail, Sun Pharmaceutical Industries, Essar Shipping.