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Bajaj Corp posted 5.22 per cent YoY rise in PAT to Rs. 55.41 crore. The total income too came in at Rs. 222.46 crore as against Rs 206.86 crore in Q4FY17. Stock opened on a positive note, hit above previous high, but retreated and gave a sharp intraday fall after the results were announced.

Indoco Remedies informed that the UK-MHRA has issued GMP non-compliance to the company's Plant I in Goa.

Contra fund is one such fund which investors can look for to diversify with a comparable exposure,the fund takes a contrarian view on the equities and invests into securities having cheap valuations, but rich balance sheet.

Nifty Energy index traded marginally down with 0.4 per cent losses, dragged down by GAIL and Hindpetro. The index saw a horizontal trendline breakout at 14,480, however, it retreated and fell sharply in the first week of February. 

EBITDA for the quarter fell by 2.5 per cent yoy to Rs. 19.8 crore. While EBITDA margin for the quarter remained flat at 9.3 per cent.