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Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Anil Ambani-led company rose 4 percent to Rs 19.30.
The company has challenged spectrum trading norms in the Supreme Court and a two-judge bench headed by Justice Rohinton Nariman today stayed a telecom tribunal order that rejected Reliance Communications' plea against spectrum sale and trading guidelines.
"Department of telecom had demanded around Rs 4,200 crore from RCom to allow sale or trading of spectrum auctioned in 2013 and later acquired by RCom," the company's lawyer Shally Bhasin said.
Source: Bloomberg
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Mumbai-based IT company rose as much as 6.65 percent to Rs 127.50 after its U.S.-based subsidiary Trigyn Technologies Inc. was awarded a contract to provide enterprise staffing services for the State of Minnesota in U.S., the company said in an exchange filing.
The contract is for a duration of four and a half years, to January 2023, the filing added.
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Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the country's largest wireless carrier fell as much as 1.57 percent to Rs 366.15.
The Supreme Court's two-judge bench headed by Justice Rohinton F. Nariman said it will hear Aircel’s plea seeking Rs 450 crore from Airtel after two weeks.
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Bengaluru-based drugmaker rose as much as 4.2 percent to Rs 1,780 after it received permission from the Drugs Controller General of India to import and market Olaparib Tablets, AstraZeneca Pharma said in an exchange filing.
Olaparib Tablets is indicated for treating ovarian and breast cancer, the exchange filing added.
Shares of the Mumbai-based toll road developer rose as much as 5.3 percent to Rs 34.90 after it signed definitive agreements with Ramky Infrastructure worth Rs 43.20 crore.
The two companies signed agreements for:
Shares of the Mumbai-based water treatment equipment maker were locked in a five percent upper circuit at Rs 410.35 after it secured an engineering, procurement, supply and construction contract worth Rs 438.84 crore from Vedanta arm Cairn Oil & Gas, the Ion Exchange said in a stock market notification.
Shares of the Mumbai-based cable television services provider rose as much as 8.76 percent to Rs 19.25 after the brokerage firm Ambit maintained its 'buy' call on the stock for a target price of Rs 30.
Ambit in a note said:
Shares of the Mumbai-based hotel operator rose as much as 6.4 percent to Rs 132 on the back of heavy volumes.
Trading volume was 97.9 times its 20-day average, according to Bloomberg.
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Shares of the Delhi-based hospitality company rose as much as 1.9 percent to Rs 79.70 after it signed an agreement to develop a 90-room hotel at Vijayawada, Andhra Pradesh.
The hotel will operate under company's brand Red Fox Hotel and is expected to be operational by June 2020, Lemon Tree Hotels said in an exchange filing.
Shares of the Delhi-based power generation company fell over 7 percent to 65 pase after Axis Bank fled a case against its subsidiary Lanco Amarkantak Power in National Company Law Tribunal (NCLT), Hyderabad branch.
The matter will be taken up by the NCLT on Sep. 5, the company said in an exchange filing.
Shares of metal companies rose after base metal prices rose internationally.
A gauge of metal stocks on the National Stock Exchange - Nifty Metal index rose as much as 1.6 percent led by gains in National Aluminium Company, Tata Steel and Jindal Steel.
Deepak Jasani of HDFC Securities told BloombergQuint that oil and gas sector was expected to perform well in Q1 on the back of inventory gains.
Key highlights of the conversation:
UBS on DLF
Ambit on Hathway Cable
UBS on Shankara Building
Goldman Sachs on Bandhan Bank
(As reported on Aug. 16)
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