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Sadbhav Engineering
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Shares of Swan Energy extended decline for the second consecutive trading session and fell as much as 6.8 percent to Rs 117.05.
The stock declined 37 percent in the past 12 months compared to a 5.4 percent gain in the Sensex.
7-Eleven Inc., the world’s largest convenience store chain, entered India in partnership with Kishore Biyani’s Future Group as it looks to tap shoppers in the fastest-growing major economy.
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Nifty’s 10,800 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract fell 68.89 percent to Rs 15.40. Over 25 lakh shares were added to the open interest which stood at over 46 lakh shares.
Buyers and sellers were not known immediately.
Source: Bloomberg
Shares of the state-run lender rose as much as 0.7 percent to Rs 72.
The bank reduced its MCLR by ten basis points across various tenors with effect from March 1. The one month MCLR stands at 8.1 percent and one year MCLR at 8.45 percent. The lender stated that base rate at 9.25 percent remains unchanged.
The stock had declined 1.8 percent in the past five days and fell 7.3 percent in the past 30 days.
Shares of Tata Metaliks rose as much as 3.8 percent to Rs 614.
The company to increase DI pipe capacity by 2 LTPA (lakh tonne per annum) and hot metal capacity by 0.7 LTPA, according to its statement on the exchanges. The capacity will be expanded by March 2022 with an investment of Rs 555 crore.
Besides, the board also approved issuance of 29 lakh equity shares and 36 lakh convertible warrants to promoter – Tata Steel – on preferential basis.
If shares and warrants issued at yesterday’s closing price, then company would raise close to Rs 380 crore, according to BloombergQuint calculation. Upon conversion of warrants, promoter holding in the company would increase to 60.3 percent from current 50.1 percent.
Shares of Wipro fell for the second consecutive trading session and declined as much as 1.3 percent to Rs 369.55.
The Bengaluru-based software developer plans to sell Workday and Cornerstone to Alight for up to $110 million, according to its stock exchange filing.
Trading volume was quadruple its 20-day average, Bloomberg data showed. The stock traded at 19 times its estimated earnings per share for the coming year.
BQEdge | Why HDFC’s Stock May Be Losing Its Mojo
Here is a lineup of all the major corporate meetings over the next few days.
— BloombergQuint (@BloombergQuint) February 28, 2019
Read: https://t.co/MJbSOKR9Nv pic.twitter.com/6iKbsEH5Ve
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HSBC on Oil and Gas
Suprajit Engineering
Vishal Fabrics
Jet Airways Grounds Seven More Planes
GDP Data Set To Show Growth Moderation In October-December Quarter
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