DSIJ Mindshare

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.