Emami Infrastructure Trades Higher For Second-Straight Day
- Stocks gains as much as 17.6 percent on Monday
- Had gained 20 percent on Friday
- Volumes are at 14 times the previous 20-day average
- The real estate developer has a market cap of Rs 238 crore
Rising for the second straight session, gold prices inched up by another Rs 20 to Rs 29,270 per 10 grams. Silver fell however by Rs 250 to Rs 42,400 per kg due to reduced offtake by industrial units and coin makers.
Traders said increased buying by local jewellers at the domestic spot market to meet the ongoing "Navratra" demand kept gold prices higher but a weak trend overseas capped the rise.
Globally, gold fell by 0.31 per cent to Rs 1,245.30 an ounce and silver by 0.49 per cent to $18.13 an ounce in Singapore.
(PTI)
Shares of power transmission company jumped as much as 9.6 percent, the most since December 6, 2016.
Company gets order from Rajasthan Rajya Vidyut Prasaran Nigam to construct, own, operate and maintain three transmission projects in the state of Rajasthan.
Volume at 5.2 times its 30-day average. The stock is trading at a new 52-week high.
Essar Group sells its BPO business. pic.twitter.com/Wla9ce9SDw
— BloombergQuint (@BloombergQuint) April 3, 2017
#BQSpotted by @shraddha_babla | Goa resort owner--Advani Hotels and Resorts hits upper circuit.https://t.co/1Oc45HNOht pic.twitter.com/S8xXMoHtgT
— BloombergQuint (@BloombergQuint) April 3, 2017
- Stock has risen just once in past seven sessions.
- Trading volume almost same as the 20-day average.
- Fortis Healthcare has 40 lakh shares change hands in two block deals
- Marico has 19 lakh shares change hands in a block deal
Buyers and sellers were not immediately known
To read the full story, click HERE
Wockhardt rises on faster clinical trial for its antibiotic drug for hospital-acquired infections. https://t.co/mojKgKvqY4 pic.twitter.com/RW5aCTxiWq
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From Indoco Remedies Concall:- Warning letter pertains to issue of leakages in the product Latanoprost
- As per U.S. FDA advice, company is in the process of appointing cGMP consultants.
- Will submit response to the warning letter within stipulated 15 days.
- Revenue exposure of plant under warning to U.S. is Rs 75 crore
- Total U.S. business is Rs 110 crore
- Number of ANDAs pending from plant III is 9
- Number of ANDAs pending from plant II is 18
#BQSpotted by @soumeet_sarkar | Shakti Pumps rallies on high volumes. pic.twitter.com/fkOvwFaGdO
— BloombergQuint (@BloombergQuint) April 3, 2017
While some pullback in the near term cannot be ruled out given an ‘overbought’ level on the momentum indicators, the rupee is likely to appreciate further and touch levels close to 63.5 in the sessions ahead.Ambit Capital Report
Shares of Jet Airways, SpiceJet and InterGlobe Aviation gained between 1 to 2 percent.
Price of jet fuel or aviation turbine fuel was reduced by Rs 2,811 per kilo litre, or 5.1 percent, to Rs 51,482 per kl with effect from April 1, Indian Oil said in a release dated March 31.
Jet fuel is one of the biggest costs for airlines and a reduction in prices is likely to boost airline companies’ profitability.
Shares of real estate firm fell as much as 20 percent to Rs 4.46.
Unitech’s Managing Director Sanjay Chandra and his brother Ajay Chandra were sent to police custody on Saturday, for allegedly not developing a real estate project in Gurugram despite receiving funds from customers.
Trading volume at 6.6 times its 30-day average.
Bajaj Auto Ltd.’s sales dropped for the fourth time in five months even as exports improved.
Total sales for the month of March dropped 11 percent to 2,72,197 vehicles compared to 3,05,080 vehicles in March 2016, the company said in an exchange filing. The bike maker struggled in the domestic market, with sales declining 17 percent to 1,69,279 units.
Exports remained positive for the second straight month, rising one percent to 1,02,918 units compared to 1,01,519 units last March.
CLSA says Supreme Court's liquor ban could be a ‘highway to hell’ for United Spirits, reports @sajeetkm.https://t.co/nyJRg9mjmS pic.twitter.com/Teqp3YVf4r
— BloombergQuint (@BloombergQuint) April 3, 2017
- Radico Khaitan, United Spirits: The Supreme Court upheld its earlier order banning liquor sale in hotels and restaurants, or liquor outlets, within 500 metres of state and national highways.
- Automakers: Likely to react to their March sales numbers.
- Unitech: Managing Director Sanjay Chandra and his brother Ajay Chandra sent to police custody till April 3.
- JSW Steel: To restructure holding structure of subsidiaries.
- Magma Fincorp: Sold non-performing assets worth Rs 679 crore.
- Indoco Remedies: Receives warning letter from the U.S. FDA about the 2 observations at Verna plant in Goa.
- MBL Infrastructure: Bankers evaluating options for debt resolution process.
- Vikas EcoTech: Polypropylene manufacturing plant destroyed in a fire at the Shahjahanpur manufacturing facility in Rajasthan.
- Oil Refiners: Petrol prices cut by Rs 3.77 per litre while diesel prices cut by Rs 2.91 per litre.
For a complete list of stocks to watch, click HERE
Trump says U.S. can “totally” address North Korea’s nuclear threat alone if China refuses to help.https://t.co/LpTGU09MHL pic.twitter.com/myrMwloZqk
— BloombergQuint (@BloombergQuint) April 3, 2017
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