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Safari Industries
Indian equity benchmarks are set to open higher.
The S&P BSE Sensex traded little changed 40,308 during the pre-market trade and the NSE Nifty 50 rose 0.2 percent to 11,938.
The Indian rupee opened marginally higher against the U.S. dollar. The home currency appreciated as much as 0.04 percent to 71.68 against the greenback.
The local legal tender depreciated 0.7 percent in the previous week to end at 71.71 against the U.S. dollar. It was the second-worst performer this week among Asian peers.
Indian equity benchmarks opened higher, halting their two-day losing streak.
The S&P BSE Sensex rose 0.28 percent to 40,480 and the NSE Nifty 50 rose 0.3 percent to 11,950.35. The broader markets represented by the NSE Nifty 500 Index rose 0.27 percent.
The market breadth was tilted in favour of buyers. About 893 stocks advanced and 546 shares declined on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE nifty Realty Index’s 1.7 percent gain. On the flipside, the NSE Nifty Media Index was the only sectoral loser, down 0.3 percent.
Shares of Eris Lifesciences rose as much as 5.4 percent to Rs 437.
About 38.2 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Of the shares traded 57 percent were at the ask price and 28 percent were at the bid, according to Bloomberg data. The stock was the second-best performer on NSE Nifty 500 Index.
Shares of Safari Industries rose as much as 3.5 percent to Rs 574.
Well-known investor Ashish Kacholia acquired 2.18 lakh shares or 0.98 percent equity at Rs 550 each. Besides, Saif India Holdings acquired 5.78 lakh shares or 2.59 percent equity at Rs 540 each. Meanwhile, Tano India Private Equity Fund sold 10.7 lakh shares or 4.79 percent equity at Rs 544.07 each.
The stock traded at 35 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of eClerx Services rose as much as 9.3 percent to Rs 9.3 percent. The stock had closed 19.7 percent higher on Friday.
Trading volume was more than 150 times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.
The stock advanced 23 percent in the past five days and advanced 19 percent in the past 30 days. The scrip traded at 10 times its estimated earnings per share for the coming year.
About 18.8 lakh shares of Dewan Housing Finance Corporation changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Indian equity benchmarks extended opening gains to trade at day’s high.
The S&P BSE Sensex rose 0.54 percent to 40,578 and the NSE Nifty 50 rose 0.53 percent to 11,977.80. The broader markets represented by the NSE Nifty 500 Index rose 0.52 percent.
Nifty’s 12,000 call 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. 28, rose 41.64 percent to Rs 48.30. Over 1.24 lakh shares were removed from the open interest which stood at over 47.47 lakh shares.
Indian equity benchmarks extended gains to trade at day’s high.
The S&P BSE Sensex rose 0.8 percent or 320 points to 40,683 and the NSE Nifty 50 rose 0.8 percent to 12,010. The broader markets represented by the NSE Nifty 500 Index rose 0.73 percent.
The market breadth was tilted in favour of buyers. About 1,042 stocks advanced and 674 shares declined on National Stock Exchange.
Shares of the budget carrier rose as much as 3.8 percent to Rs 113.80 each.
Emirates, in a press release, signed a codeshare and interline agreement with the New Delhi-based airline to give travellers access to a wider route network. The agreement is subject to government approvals, it added.
The stock traded 22 times its estimated earnings per share for the coming year, Bloomberg data showed.
Indian equity benchmark—S&P BSE Sensex—hit a fresh record high.
The 31-share index rose as much as 1.23 percent or 498 points to hit a new all-time high at 40,857.73. The NSE Nifty 50 rose 1.2 percent to 12,054. The broader markets represented by the NSE Nifty 500 Index rose 1.06 percent.
Shares of DCM Shriram halted their four-day losing streak. The stock rose as much as 11.6 percent, the most since March 5, to Rs 349.
Trading volume was almost five times its 20-day average, Bloomberg data showed. Of the shares traded, 50 percent were at the ask price and 39 percent were at the bid.
DCM Shriram traded at 6.4 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of Bharti Airtel extended opening gains and rose as much as 6 percent to Rs 445.95.
The stock was the best performer on Sensex and second-best performer on Nifty. Of the shares traded, 45 percent were at the ask price and 41 percent were at the bid, according to Bloomberg data.
The scrip rose 8.5 percent in the past five data and advanced 18 percent in the past 30 days, Bloomberg data showed.
Stocks climbed globally along with U.S. equity futures as investors mulled the latest move by China that may go some way to easing trade tensions.
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Source: Bloomberg
Shares of Bharti Infratel rose as much as 7.1 percent, the most since Nov. 21, to Rs 248.50.
The stock traded at 18.8 times its estimated forward earnings per share compared to 20.6 times for the two-year historical average, Bloomberg data showed.
Shares of RITES extended declines for the fourth consecutive trading session. The stock fell as much as 4 percent to Rs 283.20.
The government is looking to raise up to Rs 1,100.6 crore via the offer-for-sale mechanism.
The centre plans to sell up to 3.75 crore shares or 15 percent stake at a floor price of Rs 293.5 per share, which is at a discount of 4 percent to closing price on Nov. 21. The government’s stake may fall from 87.4 percent to 72.4 percent. The offer-for-sale opens on Nov. 22 and closes on Nov. 25.
On Nov. 22, offer for sale to non-retail investors saw 111 percent demand.
Shares of Unichem Laboratories rose as much as 7.2 percent, the most in nearly a year, to Rs 164.
The company received an abbreviated new drug application approval for Atenolol Tablets from U.S. FDA. These tablets are used for treatment of hyper-tension and will be commercialised from company’s Ghaziabad plant.
Trading volume was almost six times its 20-day average, Bloomberg data showed. The stock rose 4.5 percent in the past five days and fell 13 percent in the past 30 days.
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