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Market breadth remained in favour of the advances as broader markets outperformed. 1,208 stocks ended the day with gains while 588 ended with losses.
Shares of the company have gained as much as 17 percent to Rs 84.80. This is the biggest one-day gain seen by the stock since April 1992.
The company will look to raise Rs 150 crore via NCDs at its board meeting on April 17.
Shares currently trade 12 percent higher and on current levels, it will be the biggest single-day gain for the stock since February 2014. It currently trades at the highest level in a month.
10 lakh shares of the City Gas Distributor changed hands in a single large trade on the National Stock Exchange. Buyers and sellers of the trade were not immediately known, as per Bloomberg data.
The stock trades 1.7 percent lower after falling as much as 2.85 percent to Rs 446.85.
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The company’s Board of Directors have approved raising funds through private placement of rated, secured, listed, redeemable Non-Convertible Debentures (NCDs) worth Rs 500 crore with a green shoe option of Rs 150 crore.
The coupon will be issued at a rate of 7.48 percent per annum for a period of 36 months. Axis Bank will be the sole arranger for the issue, the company stated in its press release.
Shares gained as much as 15 percent to Rs 385 and are up for the fifth day in a row. The stock has gained over 60 percent during this period.
Wholesale prices for the month of March rose 1 percent compared to the previous year. A Bloomberg poll of economists had pegged the figure at 1.41 percent.
Prices of Primary Articles rose 3.72 percent compared to last year while those of fuel, power and lighting fell 1.8 percent compared to the year ago period.
Inflation for food articles stood at 4.91 percent, according to the Commerce Ministry statement.
This is the third upper circuit for the stock in the last six trading sessions.
The smallcap private lender surged as much as 5.8 percent to Rs 87.40 after it updated the exchanges of its March quarter business performance.
The bank's gross advances remained flat on a sequential basis at Rs 25,677 crore while its deposits saw a 2 percent growth. CASA deposits fell 6 percent. Liquidity Coverage Ratio of the bank stood at over 130 percent.
The press release also stated that its top-20 depositors concentration ratio has now fallen to 9.3 percent from 12 percent of total deposits, due to its focus on retail deposits.
22 out of the 30 analysts tracking the stock have a buy recommendation. Return potential of the stock as per Bloomberg data is 118 percent.
The gold financier has snapped a five-day gaining streak in today's trading session, falling as much as 7.34 percent to Rs 691.25.
Ratings agency Moody's has revised the company's outlook to negative from stable, citing Covid-19 and deteriorating global economic outlook as some of the factors.
The stock has declined on strong volumes today. Volumes on the stock are two times higher than its 30-day average. It is also the worst performer on the Nifty Midcap Index.
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The stock is the top gainer on the Nifty 50 index, gaining as much as 13.7 percent to Rs 369.60. This is the biggest one-day gain seen by the stock since July 23, 2018.
The company has informed the exchanges that its Heavy Civil Infrastructure business has secured two contracts from the National Capital Region Transport Corporation (NCRTC) in Uttar Pradesh.
The contracts are to build Regional Rapid Transit System (RRTS) - a dedicated, high speed, high capacity rail system in the Delhi-Ghaziabad-Meerut corridor. The design speed for the project is 180 KMPH with an average operational speed of 100 KMPH, the company said.
The order falls under the ‘significant’ category, implying that the value of the said order ranges between Rs 1,000 - 2,500 crore.
Shares gained as much as 5.3 percent to Rs 911.90 and are up for the sixth day in a row.
Pharma major Lupin's Mandideep Unit-II facility received an Establishment Inspection Report after closure of the U.S. FDA inspection.
The U.S. FDA had inspected the facility between November 26 and December 4, 2018. The Mandideep Unit-II is a cardiovascular API manufacturing facility of the company.
Shares gained as much as 3.4 percent to Rs 854 and are up for the sixth day in a row. The stock has gained 45 percent during this period.
Shares of the iron ore and steel producer and supplier gained as much as 3.44 percent to Rs 94.80 before cooling off.
The company has informed the exchanges that it has won an export order to supply 12,000 tonnes of special grade Rail Blooms to France. The value of this order is estimated at around Rs 50 crore.
The company in its press release further stated that it has seen Expression of Interest from Britain as well as Australia for its products.
JSPL had also recently won a 2,308-ton supply order from Rail Vikas Nigam for development of the Kolkata Metro Corporation.
Shares are holding on to gains of 1 percent and are up for the fifth straight day.
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Shares are down for the second straight day after snapping a three-day gaining streak on Monday.
Indian equity markets resumed on a positive note after Tuesday's holiday, erasing all the losses made during Monday's trading session.
The S&P BSE Sensex opened 1.9 percent higher at 31,277, while the NSE Nifty 50 index opened at 9,196, up by 2.25 percent. HDFC Twins, HUL and Infosys contributed to gains on the index.
Among sectoral indices, all of them opened with gains, led by the Nifty Bank, which opened 3.1 percent higher.
Market breadth was in favour of the gainers with 1,184 stocks opening trade with gains while 253 opened with losses.
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Find out all that you need to know going into today’s trading session here.
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