Sectorally, buying was seen in telecom, power, utilities and infra indices while selling was visible in healthcare and FMCG stocks. Stocks that were in focus on Tuesday include names like Finolex Industries, which closed with gains of 11% to hit a fresh record high, M&M that rose nearly 4% and Hindustan Aeronautics which rose more than 3% to hit a fresh record high.
Open FlipColgate-Palmolive India reported a consolidated net profit of Rs 379.82 crore for the March quarter, a growth of 20.11 percent from the year-ago period.Total sales came at Rs 1,480.66 crore, rising 10.35 percent in the year-ago quarter, the personal-care company said in a regulatory filing on May 13.The Board has announced a Second Interim Dividend of Rs 26/- per share.
Open FlipThe Reserve Bank of India (RBI) on May 14 said it has imposed Rs 2.50 lakh monetary penalty on The Vaijapur Merchants Co-operative Bank for rule violations.The penalty was imposed for contravention of specific directions issued by the RBI under Supervisory Action Framework (SAF), the central bank said in a press release. The RBI said it has conducted statutory inspection of the bank based.
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