Jet Airways falls over 8 percent, while SpiceJet ends 6 percent lower.
Morgan Stanley pointed out that ethanol and recycled glass, if left out of GST, will be a positive for the firm. There is lack of clarity on the issue, it added.
Asset quality deteriorated as compared to the previous quarter and the year-ago period.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today – State Bank of India, United Spirits, ITC, Selan Exploration, Neuland Labs, PVR, Jamna Auto, Just Dial, Sun Pharmaceutical, Sun Pharma Advanced Research Company, Dr Reddys, and Lupin.
The company's Q4FY17 net profit jumped 29.1 percent at Rs 29.7 crore against net profit of Rs 23 crore, in the same quarter last fiscal.
ITC clocks record high on the back of taxation being in line with the current rates, while PVR takes a hit after taxes come in higher than anticipated
The company has registered 37 percent fall in its Q4FY17 net profit at Rs 25.4 crore versus Rs 40.3 crore, in a year ago period.
The company in its board meeting held on May 19, 2017 has decided and recommended issue of bonus shares in the ratio of 1:2.
The company's AGM will be held on August 11, 2017.
The company has reported a net profit of Rs 579 crore in the Q4FY17 against loss of Rs 333.9 crore, in the same quarter last year.
Albula Investment Fund Ltd bought 275,000 shares of Sangam (India) at Rs 260 per share on the BSE.
Prime India Investment Fund Limited
CDC Group PLC sold 2,750,000 shares of Ujjivan Financial Services at Rs 360 per share on the BSE. However, Cinnamon Capital Limited bought 2,750,000 shares at Rs 360 per share on the BSE.
The company at its meeting held on May 18, has approved the sub-division of the equity shares of Rs 10 each into 10 equity shares of Re 1 each.
The board will also consider buyback of its shares.
The operating profit (EBITDA) was down 4.9 percent at Rs 170.1 crore and EBITDA margin slipped 240 bps at 14.4 percent.
The company has reported net profit at Rs 73.5 crore in the quarter ended March 2017 against loss of Rs 413 crore, in the same quarter last fiscal.
Nomura Singapore sold 29,05,000 shares of IRB InvIT at Rs 102.04 on the NSE.
SBI Mutual Fund A/C Magnum Balanced Fund bought 7,90,000 shares of Apollo Hospitals Enterprises at Rs 1,246.10 and SBI Mutual Fund A/C SBI Bluechip Fund bought 11,61,694 shares at Rs 1,246.10.
The company also announced stock split of equity shares from Rs 10 per share into 2 shares of Rs 5.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- TCS, CESC, MRPL, Vardhman Holdings, Dilip Buildcon, and Maruti.
The FMCG major had posted 6 percent rise in its March quarter net profit at Rs 1,183 crore, while its volume growth came in at 4 percent.
Mangalore Refinery and Petrochemicals (MRPL) has registered 43 percent increase in its Q4 net profit at Rs 1942 crore versus Rs 1362 crore.
The company's Q4 net profit slipped 87.2 percent at Rs 6.7 crore versus Rs 52.4 crore, in the same quarter last year.
Revenue of the company was up 61.3 percent at Rs 571.8 crore against Rs 354.4 crore.