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Sun Pharma Advanced Research
Omaxe
Canara Bank
Cholamandalam Investment
Solar Industries
Thermax
Tata Investment Corp.
EID Parry India
Yes Bank Poised to Reject $1.2 Billion Bid From Canadian Tycoon
Blackstone’s Buyout of Coffee Day’s Tech Park Stalls
Shares of Cholamandalam Investment and Finance Company rose as much as 3.7 percent, the most in nearly a month, to Rs 311.50.
The company plans to consider fundraising qualified institutions placement during its board meeting, which is scheduled on Dec. 12, according to its statement on the exchanges.
The stock traded at 18 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of Kiocl rose as much as 5.4 percent, the most in nearly three weeks, to Rs 118.
The company signed a Memorandum of Understanding with Karnataka government to explore for carrying out mineral exploration for manganese and iron ore in nine blocks in the state, according t its stock exchange filing.
Indian equity benchmarks regained momentum after fluctuating between gains and losses in the opening trade.
The S&P BSE Sensex rose 0.22 percent to 40,533.14 and the NSE Nifty 50 rose 0.26 percent to 11,953. The broader markets represented by the NSE Nifty 500 Index rose 0.3 percent.
Eight out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Auto Index’s 1.3 percent gain. On the flipside, the NSE Nifty FMCG Index was the top sectoral loser, down 0.6 percent.
Shares of the automaker pared some of their early gains and traded 1.7 percent higher to Rs 164.35 each. The shares rose as much as 3.1 percent intraday.
The company sold Jaguar Land Rover 46,542 vehicles in the month of November, down 3.4 percent compared to same month last year, according to its exchange filing.
This included 11,464 units of Jaguar, down 23.2 percent while Land Rover sales rose 5.5 percent to 35,078 units, the filing said.
The stock traded 12 percent below the one-year Bloomberg consensus target price.
India’s largest state-owned bank—State Bank of India—reduced marginal cost of funds-based lending rate for the eight time in a row in financial year ending 2019-20.
One-year MCLR to be 7.90 percent with effect from Dec. 10. according to its statement. The move is intended to pass on the benefit of its reducing cost of funds to the customer, it said.
Shares of SBI rose as much as 1.2 percent to Rs 323.85 each. The stock traded 14 times its estimated earnngs per share for the coming year
Shares of PC Jeweller extended declines for the third consecutive trading session. The stock fell as much as 5.2 percent to Rs 24.70.
CRISIL downgraded rating on the company’s bank facilities worth Rs 3937 crore to D from BB+ and A4+ for long term and short term.
The downgrade factors in the instances of devolvement of Letter of Credits and overutilization in working capital limits for more than 30 days. The same is reflective of the fact that the liquidity profile of the group has deteriorated in past few months on account of cash flow mismatches.
Shares of MMTC fell as much as 5.8 percent to Rs 18.85. The stock had ended 11.4 percent higher on Friday, the most since Oct. 18.
The scrip halted a two-day gaining streak and was the second-worst performer on NSE Nifty 500 Index.
MMTC advanced 5.6 percent in the past five days and rose 1.6 percent in the past 30 days, according to Bloomberg data.
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 Dec. 12, rose 14.03 percent to Rs 57.30. Over 6.37 lakh shares were added to the open interest which stood at over 20.86 lakh shares.
Shares of KNR Constructions rose as much as 2.7 percent to Rs 231.75.
The company has signed a concession agreement of HAM project with a bid cost of Rs 920 crore with NHAI.
Of the shares traded on NSE, 49 percent were at the ask price and 40 percent were at the bid, according to Bloomberg data.
Shares of Omaxe rose as much as 9 percent, the most since April 2017, to Rs 157. The stock had declined nearly 20 percent, the most since January 2008 on Friday.
Trading volume was more than 50 times its 20-day average, according to Bloomberg data. The Relative Strength was at 23.66, indicating that the stock may be oversold.
The stock declined 28.4 percent so far this year compared to an 13.5 percent advance in the Sensex.
Shares of Andhra Bank extended declines for the third consecutive trading session. The stock fell as much as 1.4 percent to Rs 17.40.
The government-owned lender, which had decided not to exercise a “call option” included in the terms of a perpetual bond issued by the bank, is rethinking its decision after pressure from investors, according to its stock exchange notification.
Of the shares traded on NSE, 63 percent were at the ask price and 34 percent were at the bid, according to Bloomberg data.
Shares of Dish TV India rose as much as 12.4 percent to Rs 14.10.
Care Ratings has cut ratings for the company’s banking facilities worth Rs 850 crore to CARE D from CARE A4+. The rating was revised after the company defaulted in payment of short-term loan due on Nov. 28.
The stock was the top performer on NSE Nifty 500 Index and NSE Nifty Media Index. The scrip ended 15 percent lower on Friday.
Indian equity benchmarks fluctuated between gains and losses in the opening trade.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 40,419 and 11,914 respectively. The broader markets represented by the NSE Nifty 500 Index fell 0.04 percent.
The market breadth was tilted in favour of buyers. About 768 stocks advanced and 684 shares declined on National Stock Exchange.
Seven out of 11 sectoral gauges compiled by NSE traded lower, led by the NSE Nifty Realty Index’s 0.7 percent fall. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 0.85 percent.
Indian equity benchmarks are set to open higher.
The S&P BSE Sensex rose 0.47 percent to 40,635.98 during the pre-market trade and the NSE Nifty 50 rose 0.03 percent to 11,925.85.
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