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Vista Equity Partners is set to buy controlling stake in the firm from Warburg Pincus, according to an exchange filing.
Brokerage firm HSBC hiked the target price to Rs 165 from Rs 142 while maintaining a ‘Buy’ rating. The hike was on account of lower corporate tax rate.
The company acquires 29 percent stake In DB Realty’s commercial project In Mumbai From Trinity Capital. Last month, it announced JV with DB Group for project in New Delhi’s Aero City with an investment of Rs 1,000 crore.
Fresh longs seen with high open interest of 26.6 percent. While trading volume was twice the 20-day average for this time of the day, Bloomberg data showed.
Rana Kapoor today sold 2.04 lakh shares or 0.8 percent equity in Yes Bank, according to a stock exchange notification. Kapoor and his associate companies now own 900 shares in the Mumbai-based lender.
Shares of Yes Bank traded little changed at Rs 65.80 as of 2:43 p.m. The stock had declined as much as 4.3 percent earlier after gaining as much as 2.1 percent in the opening trade.
Future Lifestyle
Lemon Tree Hotels
SBI Life Insurance
UCO Bank
U.S. stock futures were little changed and European ones edged up on Tuesday as investors continued to await signs of progress in U.S.-China trade negotiations.
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Source: Bloomberg
Shares of Reliance Industries roe as much as 3.6 percent to hit an all-time high at Rs 1,511.45.
The stock gained 5.5 percent in the past five days and returned 6.4 percent in the past 30 days. Reliance Industries traded at 20 times its estimated earnings per share for the coming year, Bloomberg data showed.
Shares of Corporation Bank extended gains for the third consecutive trading session. The stock rose as much as 20 percent to Rs 26.45.
The scrip advanced 67.9 percent in three trading sessions. Trading volume was almost 16 times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.
Nifty’s 11,900 put option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire on Nov. 21, fell 42.89 percent to Rs 33.55. Over 16.75 lakh shares were added to the open interest which stood at over 32.65 lakh shares.
Buyers and sellers were not known immediately.
Source: Bloomberg
Shares of ITC fell as much as 0.7 percent to Rs 249.
About 24 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Indian equity benchmarks regained momentum
The S&P BSE Sensex rose 0.19 percent to 40,361 and the NSE Nifty 50 rose 0.15 percent to 11,900.
About 10 lakh shares of Motherson Sumi changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of Sterling & Wilson Solar hit their lower circuit of 10 percent at Rs 288.55. The stock declined for the seventh consecutive trading session.
That comes after promoters, on Nov. 15, sought more time to repay debt due to the company. (Read more here).
The scrip declined 59 percent since its listing on Aug. 19.
Shares of Bharti Airtel rose as much as 5 percent to Rs 430.50, while shares of Vodafone Idea rose as much as 23.4 percent to Rs 5.40.
The companies announced plans to increase tariffs from next month, days after the Supreme Court ordered India’s struggling telecom operators to pay pending dues worth thousands of crores. However, the telecom operators did not disclose the quantum of increase in tariffs.
Shares of Tata Steel rose as much as 1.2 percent to Rs 414.85.
Tata Steel Ltd. plans to axe as many as 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the U.K., Bloomberg reported quoting company’s statement.
The stock traded at 9.3 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of SBI Life Insurance Company fell as much as 7 percent, the most since March 1, to Rs 930.
About 2.76 crore changed hands in a large trade, Bloomberg data showed.
While buyers and sellers were not known immediately, Carlyle Group had offered to sell up to 3 crore shares in the company at Rs 930-940 apiece, a discount of nearly 7 percent from yesterday’s close, according to Bloomberg data.
Trading volume was more than 130 times its 20-day average, Bloomberg data showed. Of the shares traded, 15 percent were at the ask price and 79 percent were at the bid.
Indian equity benchmarks opening higher, resuming gains after a one-day blip.
The S&P BSE Sensex rose 0.17 percent to 40,352 and the NSE Nifty 50 rose 0.12 percent to 11,898. The broader markets represented by the NSE Nifty 500 Index rose 0.13 percent.
The market breadth was tilted in favour of buyers. About 834 stocks advanced and 586 shares declined on National Stock Exchange.
Eight out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Pharma Index’s 0.33 percent gain. On the flipside, the NSE Nifty Media Index was the top sectoral loser, down 0.58 percent.
Indian equity benchmarks are set to open higher.
The S&P BSE Sensex rose 0.17 percent to 40,354 during the pre-market trade and the NSE Nifty 50 rose 0.44 percent to 11,936.55.
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The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.1 percent to 11,910.50 as of 8:40 a.m.
Asian stocks drifted on Tuesday as investors continued to await signs of progress in U.S.-China trade negotiations, while Treasuries held modest gains.
U.S. futures fluctuated, Japanese shares mostly erased early losses and South Korean shares dropped. Hong Kong equities climbed again despite further unrest in the city, further recouping some of last week’s losses.
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