Shares of the Mumbai-based company surged as much as 8.5 percent to Rs 127.80 after the company won a contract to manufacture, supply, erection and commissioning of water treatment plant in worth Rs 209.50 crore in Andhra Pradesh.
The company also won a contract worth Rs 440 crore from the Chennai Metropolitan Authority to design, build, operate and maintain a 45MLD Capacity Tertiary Treatment Reverse Osmosis (TTRO) plant at Kodungaiyu.
State elections start on February 4, results to be announced on March 11.https://t.co/JJXqzglZWe pic.twitter.com/uniGqCC7G1
— BloombergQuint (@BloombergQuint) January 4, 2017
Kerala FM: April 1 Deadline For GST Unlikely To Be Met
At the end of the two day GST council meet, Kerala Finance Minister Thomas Issac said that meeting the April 1 deadline for rolling out the tax reform seems unlikely.
He also ruled out implementing the law in June or July saying that due to the many complexities involved, the ideal time to roll out the GST would be September.
Only 27 percent of the analysts polled by BloombergQuint expect commodities to rise in 2017.https://t.co/nExJOvmJga pic.twitter.com/xP95Dm1thi
— BloombergQuint (@BloombergQuint) January 4, 2017
#BQSpotted by @OnlyNickey | Rushil Decor clocks double-digit gains on high volumes.https://t.co/I4SKwB5uj6 pic.twitter.com/HREJ9JwBcC
— BloombergQuint (@BloombergQuint) January 4, 2017
Since the ‘import alert’ by the U.S. FDA has already been effected on the said (Ankleshwar) unit of the company in August 2016 and the ‘warning letter’ is a part of the same process of the U.S. FDA, in view of the company, there are no further updates in this context were required to be updated to the exchanges.Statement Issued By Wockhardt
Counting for all the states will be held on March 11, 2017.
#BQSpotted by @shraddha_babla | Future Retail gains 19% in the last seven trading sessions.https://t.co/MmnvPXqjfO pic.twitter.com/e5PizGjilJ
— BloombergQuint (@BloombergQuint) January 4, 2017
Sundar Pichai launches 'Digital Unlocked', a training programme for small businesses in India, reports @aayush_a6. pic.twitter.com/A1ZpU80wOQ
— BloombergQuint (@BloombergQuint) January 4, 2017
#BQSpotted by @AgamVakil | Mahanagar Gas makes a fresh lifetime high.https://t.co/I4SKwB5uj6 pic.twitter.com/C3xb97oyXe
— BloombergQuint (@BloombergQuint) January 4, 2017
Jubilant Life Jumps On Diagnostic Product Supply Deal
Shares of the drug maker jumped as 11.4 percent to Rs 711 after its subsidiary signed long-term contracts in the U.S. for supply of some of its diagnostic and therapeutic products.
The contracts are to be supplied by JDI over 39 months effective January 2017, the company said its filing. The pharma firm’s Chairman Shyam S Bhartia said the contracts provide visibility on its future revenues and would strengthen the company for its growth going forward.
The stock has risen 123.7 percent in the last six months, compared to a decline of 5.5 percent in the S&P BSE Healthcare Index.
Of concern, business confidence among service providers plunged to one of the lowest in the series’ 11-year history, suggesting that an imminent rebound from the rupee-demonetization downturn is unlikely.Pollyanna De Lima, economist at IHS Markit
Stocks At 52-Week High- Oil India (+0.9% to Rs 462)
- Indian Oil Corp (+0.8% to Rs 348)
- MRPL (+8.5% to Rs 111)
- Chennai Petroleum (+0.7.2% to Rs 325)
- Navneet Education (+4% to Rs 116)
- Jain Irrigation System (+7.5% to Rs 63)
- DPSC (+3% to Rs 39.7)
Mahanagar Gas Hits Fresh Lifetime High- Gains for 6th straight day
- Up 9 percent in 6 sessions
- Has doubled from issue price of Rs 421
Other Gas Stocks
- Indraprastha Gas (+0.4 percent to Rs 950)
- Gujarat Gas (+1 percent to Rs 540)
Movers & Shakers: Wockhardt, MOIL, Bharti Airtel And More
In bonds, the government decision to reduce its borrowing plan triggered a rally in the early hours of Tuesday. This provided the primary dealers an opportunity to book profit even as foreign banks mopped up the debt. Yield on the benchmark note, therefore, rose 4 basis points to 6.44 percent.
With no major cues till Friday, market is expected to stay in a range.
IPO Watch- India’s Housing and Urban Development Corp files DRHP for IPO
- BSE gets markets regulator’s approval for IPO
8 charts that explain what's happening to the global markets right now, by @_SidVermahttps://t.co/7415XwSSZz pic.twitter.com/rHI5TQ3mFG
— BloombergQuint (@BloombergQuint) January 4, 2017
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