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EquityTips
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Tuesday, April 22, 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 Q4 net up 23%
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.

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