1:12 Sify Finance PM: This has been a good session so far for stocks from infrastructure and realty sections.
Investors are picking up stocks from these segments on the back of the Union Cabinet's approval to foreign investment in alternative investment funds and the nod to the setting up of the National Investment and Infrastructure Fund with an initial authorized capital of Rs20,000 crore and a government contribution of up to 49%.
1:28 Sify Finance PM: Strides Arcolab has reported a net profit of Rs 190 crore for the quarter ended June 2015, up 120% compared to a net profit of Rs 190 crore in the corresponding quarter last financial year. The stock, currently up 1.5% at Rs 1266, looks poised for further upside in the near term.
2:45 Sify Finance PM: Dr Reddy's Laboratories has moved up 5% after reporting a 14% increase in first quarter net profit as compared to the same quarter last year. One can stay invested in the stock and add more in small quantities at declines.