Punjab National Bank is down after reporting weak Q2 numbers. PNB reported a jump of 12.1% in net profit to Rs 1,205 crore for the quarter ended September 30, 2011. The stock wad own 4% at Rs 975. Meanwhile, Reliance Communications has gained 2% in opening deals.
Hindustan Construction continued to bleed and was down 2.7% at Rs 27. The Maharashtra government is set to initiate legal proceedings against Lavasa Corporation for violating the Environment Protection Act.
SKF India rose 1.8% to Rs 667 on reporting 35 per cent jump in its net profit in the September 2011 quarter.
Auto shares have dropped in morning trades