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Jai Bala of Cashthechaos.com spoke to BloombergQuint and shared his trading strategies.
Shares of the Noida-based auto parts maker rose as much as 5.26 percent, the most in nearly two months, to Rs 306.50 after its board approved issuing bonus shares in ratio of one bonus share for every two shares held, Motherson Sum said in an exchange filing.
Source: AMFI Website
Shares of the Mumbai-based company rose as much as 4.45 percent to Rs 221.65 after it acquired it acquired 85 percent stake in Anirdesh Developers LLP for Rs 17 lakh, Ajmera Realty said in an exchange notification.
Shares of the Delhi-based financial services provider fell as much as 3 percent to Rs 45.55 after its loss widened in June quarter.
Key earnings highlights:
Net loss at Rs 17.07 crore versus loss of Rs 14.05 crore (YoY)
Revenue from operations down 65 percent at Rs 1.63 crore versus 4.73 crore (YoY)
Essar Steel: NCLAT Says Numetal’s Second Bid Eligible; Gives ArcelorMittal Till Sept. 11 To Clear Dues And Qualify
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Mumbai-based air conditioner maker rose as much as 2.2 percent to Rs 686 as its board is said to meet Blue Star to meet T Rowe Price and Portfolia Japan today.
Shares of the Mumbai-based warships and submarines maker fell as much as 5 percent to Rs 15.35 after it informed exchanges that IDBI Bank has filed an application before the National Companies Law Tribunal (NCLT) for debt resolution.
IDBI Bank, a lender of the company, has filed for an application before the NCLT, Ahmedabad, seeking debt resolution under the Insolvency and Bankruptcy Code (IBC), Reliance Naval said.
Shares of the Gujarat-based large diameter pipe maker rose as much as 5.87 percent to Rs 185 after it signed an agreement for supply of 220 KMT of pipes for oil & gas project in the Americas, Welspun Corp said in an exchange filing.
The company’s current order book including this order stands at 1,776 KMTs valued at Rs 15,000 crore.
Shares of the Pune-based two-and three-wheeler vehicle maker rose as much as 3.28 percent, the most in over two months, to Rs 2,874.50 after it announced plan to expand three-wheeler and quadricycle capacity to one million per year.
The decision came after transport minister Nitin Gadkari’s announcement at the SIAM convention to move to a “no-permit” regime for auto rickshaws powered by alternate fuels.
The company said that it is the market leader with 86 percent market share in the alternate fuel three-wheelers.
Sun Pharma Gets Six Observations From U.S. FDA For Halol Plant
Indian sovereign bonds are headed for a fourth successive week of decline as higher oil prices and a weaker rupee have raised concern over inflation and worsening government finances.
At a time like this, cutoff at the auctions will be very closely watched. Yield on the 10-year note has climbed 10 basis points in the week. Till the auction, yield may trade between 8-8.10 percent in the day.
The rupee continues to remain under severe pressure as emerging market uncertainty remains. It dropped to 72.1050 a dollar in the last session to a fresh record.
Implied opening suggests the rupee to start trading at around 71.9123 and dealers expect a range of 71.80-72.25 in the day.
IDFC Securities on Aurobindo Pharma
Nomura on Bharat Forge
Nirmal Bang on Sanofi India
One Point One Solutions: HSBC Asset Management (I) Pvt. Ltd. sold 1.26 lakh shares at Rs 58.06 apiece. The company is an SME listed on NSE Emerge Exchange.
Garware Polyester placed under additional surveillance measures.
Out of ASM Framework
ONGC Could Share Subsidy If Crude Prices Stay High
Trump’s White House Reels After Blows From Woodward, New York Times Op-Ed
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