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Shares of the automotive components manufacturer fell as much as 4.4 percent to Rs 214 after the company swung to loss in December quarter.
Key Earnings Highlights (Q4 CY18, YoY)
About 25 lakh shares of NALCO changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of the biscuit maker rose as much as 3 percent to Rs 3,010.
Brokerage and research firm Credit Suisse upgraded the company’s stock rating to ‘Outperform’ from ‘Neutral’. It also raised price target to Rs 3,400.
Here’s what Credit Suisse had to say:
Nifty’s 10,800 option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract dropped 23.15 percent to Rs 7.80. Over 15.59 lakh shares were added to the open interest which stood at over 30 lakh shares.
Ashok Leyland Ltd. expects about 20 percent industry growth in the next financial year on the back of pre-buying ahead of BSVI emission norms, its Chief Financial Officer Gopal Mahadevan told BloombergQuint in an interaction.
Key Highlights From The Conversation:
About 11.5 lakh shares Edelweiss Financial Services changed hands in a block deal on NSE, according to Bloomberg data. Buyers and sellers were not known immediately.
Shares of the pharmaceutical company fluctuated between gains and losses to trade a little changed at Rs 2,525.10.
Dr. Reddy’s Laboratories said it has re-launched the generic version of blockbuster drug Suboxone in the U.S. markets. (more details here)
The stock traded at 19.6 times its estimated forward earnings per share compared to a 21.4 times for the two-year historical average, Bloomberg data showed.
Here's quick look at the corporate insider trades reported on Wednesday.
— BloombergQuint (@BloombergQuint) February 21, 2019
Read: https://t.co/3MZjKvcby5 pic.twitter.com/Jxib7fRrqs
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