Ashok Leyland, one of India’s largest commercial vehicle manufacturers, reported strong results for the quarter. The company recorded good numbers across the board.

The share price of Avenue Supermarts fell about 8 per cent intraday on Friday, its biggest intraday fall since listing, after promoter Radhakrishan Damani announced plans to sell stake in the company.

Debt-ridden Reliance Communications gained nearly 30 per cent in early trade on Friday only to wipe-off its gains and fall further by 18 per cent over uncertainty on settling the dispute with Ericsson.

Yarn manufacturer Meera Industries Limited (MIL) has received an export order worth US$41,000 from a Uzbekistan-based company. This order is scheduled to be executed in July 2018.

The board of directors have recommended a dividend of Rs. 60 per equity share of Rs. 10 face value for the fiscal year 2018.

In the last quarter of fiscal year 2018, the railway division registered a growth of 14.2 per cent yoy and current order book for this division is Rs. 350 crore which will be executed in the next 12-13 months.

Indian Toner & Developers posted weak results across the board with full year revenues also falling over previous corresponding quarter

Following stocks are close to their 52-week low as at 12.44 p.m. on May 18, 2018.

The markets on May 18, 2018 opened down. BSE Sensex is trading at 35,025.66, down by 123.46 points and the Nifty is trading at 10,646.95, down by 35.75 points. 

PSU Banking index was off its multiple support zone at the start of May 2018. The same bounce was misconceived as bottom fishing for the PSU Banking sector. It was just a short covering after major PSU Banks had badly fallen post Q4 results.