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About 10 lakh shares of SBI Life changed hands in a block deal on National Stock Exchange, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of the company fluctuated between gains and losses to trade 0.1 percent lower at Rs 562 on NSE after the block deal.
Metal stocks have been reeling with the gauge losing 12.6 percent of its market value so far this year.
Why Page Industries’ Shares Fell Despite Beating Earnings Estimates
Source: Bloomberg
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Shares of the Vadodara-based specialty pharma company erased the day's losses and rose nearly a percent to Rs 544.50 apiece.
The company received U.S. drug regulator’s approval for Acetazolamide capsule, which is used to treat altitude sickness.
The stock declined 5 percent in the past 12 months compared with a 5.5 percent gain in the BSE Sensex Index. The scrip traded 18 times estimated earnings per share for the coming year, according to Bloomberg data.
Nifty’s 10,700 option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract jumped 84.01 percent to Rs 33.95. Over 2.05 lakh shares were added to the open interest which stood at over 16.87 lakh shares.
Shares of the Pune-based IT firm snapped its three-day blip and rose as much as 7.7 percent, the most since Jan. 24, to Rs 107.50 per share.
The stock traded 6.8 times its estimated earnings per share for the coming year, according to Bloomberg data. The scrip was trading 59 percent below the Bloomberg consensus one-year target price.
Shares of the Anand Mahindra-led company fluctuated between gains and losses to trade little changed at Rs 663.10.
Brokerage and research firm JPMorgan downgraded the stock to ‘Neutral’ from ‘Overweight’ and cut its price target to Rs 700 from Rs 900, implying a potential upside of 10.7 percent from the last regular trade.
Here’s what JPMorgan had to say about M&M:
Here is a lineup of all the major corporate meetings over the next few days.
— BloombergQuint (@BloombergQuint) February 20, 2019
Read: https://t.co/fB5fLlE5Ex pic.twitter.com/scxGumVK96
In Ban
Out of Ban
JPMorgan on M&M
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JPMorgan
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