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Shares of Marico fell as much as 2.8 percent, the most since Nov. 26, 2019, to Rs 336.10 on company’s update for December quarter.
Marico says:
Source: Exchange filing
MOIL
Ajanta Pharma
Elgi Equipment
Cholamandalam Financial Holdings
About 10.5 lakh shares of Infosys changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
TVS Motor Company sold 2,31,571 units last month a fall of nearly 15 percent from December 2018, the Chennai-based company said in a stock exchange filing.
Key sales highlights (YoY)
Shares of TVS Motor fell as much as 2.7 percent to Rs 456 after the announcement.
Sterlite Tech
Tata Motors
Hindustan Copper
SAIL
Shares of Dishman Carbogen Amcis extended declines for the third consecutive trading session. The stock fell as much as 9.5 percent to hit an all-time low at Rs 71.10.
The stock fell 17 percent in three days. The scrip traded at 5.3 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of PNB Housing Finance extended gains for the third consecutive trading session and rose as much as 12.1 percent, the most since Oct. 25, to Rs 499.
The non-banking arm of state-run lender Punjab National Bank has met its interest payment commitments on non-convertible debentures due on Dec. 31, 2019, according to an exchange filing on that day.
Trading volume was more than eight times its 20-day average, Bloomberg data showed.
Shares of Hindustan Copper extended gains for the third consecutive trading session. The stock hit an upper circuit of 20 percent at Rs 48.50.
Arun Kumar Shukla, director of operations at the company has assumed charge of the post of chairman and managing director, on Jan. 1, according to its stock exchange notification on Jan. 1.
“Santosh Sharma ceased to be CMD and Shri Sanjay Kumar Bhattacharya ceased to be Director of Mining on attaining the age of superannuation on Dec. 31, 2019,” the statement added.
About 10.9 lakh shares of Bharat Heavy Electricals Ltd. changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of Bosch India fluctuated between gains and losses to trade little changed at 15,264.10.
“The plans to join its parent, Robert Bosch GmbH in cutting jobs as the South Asian nation witnesses one of its worst auto sales slowdowns in decades,” according to Bloomberg report.
“The German company will cut a couple of thousand jobs in India in the next four years. About 10 percent of 3,700 white-collar jobs and a slightly higher percentage of 6,300 blue-collar jobs will be cut, he added in an interview in Bangalore on Dec. 30,” Bloomberg reported quoting India Managing Director Soumitra Bhattacharya.
Indian equity benchmarks extended opening gains to trade at day’s high.
The S&P BSE Sensex rose 0.62 percent to 41,560 and the NSE Nifty 50 rose 0.64 percent to 12,260. The broader markets represented by the NSE Nifty 500 Index rose 0.7 percent.
Eicher Motors Ltd.’s Royal Enfield sales declined 13 percent to 50,416 units compared to December 2018, according to its exchange filing.
Key Sales Highlights (YoY):
Shares of the Royal Enfield parent fell as much as 1.9 percent to Rs 21,642.55.
Ashok Leyland’s sales fell 28 percent year-on-year to 11,168 units in December, according to its stock exchange filing.
Key Sales Highlights (YoY)
Sales Including Exports (YoY)
Tata sons moves Supreme Court against the NCLAT’s Cyrus Mistry’s Reinstatement order, Bloomberg reported.
Shares of Sterlite Technologies pared losses and rose as much as 5.4 percent to Rs 124.60.
The company won multi-year order from T-Fiber valued at Rs 1,800 crore, according to its statement on the exchanges.
The stock returned 7.9 percent in the past five days and fell 2.9 percent in the past 30 days, Bloomberg data showed.
India’s Manufacturing PMI Rises To Highest In Seven Months In December
Shares of Bajaj Auto erased opening gains and fell as much as 0.7 percent to Rs 3,129.15 after the company announced its December sales data.
The company's total sales fell 3 percent year-on-year to 3,36,055 vehicles last month, according to its stock exchange filing.
Key Sales Highlights (YoY)
Catch all the December auto sales updates here.
Shares of Gujarat Narmada Valley Fertilizers & Chemicals fell as much as 4.4 percent to Rs 155.
The company received a demand notice from Telecom Department directing the company to deposit Rs 15,020 crore before Jan. 23 in connection with V-SAT and ISP Licenses held by the company.
Trading volume was more than 12 times its 20-day average, Bloomberg data showed. The Relative Strength Index was below 30, indicating that the stock may be oversold.
Shares of Sangam India fell as much as 1 percent to Rs 63.20.
About 47 lakh shares of the company changed hands in two large trades, Bloomberg data showed. Buyers and sellers were not known immediately.
Trading volume was 10,119 times its 20-day average, according to Bloomberg data. Of the shares traded 35 percent were at the ask price and 64 percent were at the bid.
Shares of Indiabulls Real Estate extended gains for the third consecutive trading session. The stock rose as much as 9.7 percent to Rs 78.85.
Trading volume was 12 times its 20-day average, Bloomberg data showed. Of the shares traded, 40 percent were at the ask price and 48 percent were at the bid.
The Relative Strength Index was above 70, indicating that the stock may be overbought. The scrip advanced 30 percent in the past five days and surged 19 percent in the past 30 days.
Indian equity benchmarks opened higher extending gains for the second consecutive trading session.
The S&P BSE Sensex rose 0.25 percent to 41,407 and the NSE Nifty 50 rose 0.27 percent to 12,215. The broader markets represented by the NSE Nifty 500 Index rose 0.25 percent.
The market breadth was tilted in favour of buyers. About 931 stocks advanced and 506 shares declined on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Metal Index’s 1 percent advance. On the flipside, the NSE Nifty Media Index was the top sectoral loser, down 1 percent.
Indian equity benchmarks are set to open lower.
The S&P BSE Sensex traded little changed at 41,300 during the pre-market and the NSE Nifty 50 fell 0.17 percent to 12,161.40.
Eicher Motors
Tata Motors
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