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Shares of HEG rose as much as 5.4 percent to trade near a three-week high at Rs 4,480.
The company’s board said that it considering a share buyback on Nov. 26.
The stock rose 91.8 percent so far this year compared to a 5.4 percent advance in the Sensex.
About 15 lakh shares of ICICI Securities changed hands in a single block deal, according to Bloomberg. Buyers and sellers were not known immediately.
Bharti Airtel Ltd. is raising more than $2 billion in loans from banks, According to a Bloomberg report.
The company has agreed to two- and three-year bilateral loans with 10 to 12 lenders, Bloomberg reported quoting two people familiar with the matter.
Zydus Cadila received U.S. FDA approval for Deferasirox Tablets, The company said in a stock exchange notification.
The drug is used to treat ongoing high levels ofiron in the body caused by multiple blood transfusions, the drugmaker said.
Fair trade regulator CCI has sought public views on Schneider Electric's proposed acquisition of certain businesses of Larsen & Toubro Ltd. after prima-facie finding that the deal could adversely impact competition, PTI reported.
In a public notice, the Competition Commission of India (CCI) said stakeholders have to submit their comments within 15 working days along with supporting documents on how the merger can adversely impact any person or entity, the news agency said.
About one crore shares of Fortis Healthcare changed hands in a single block deal on National Stock Exchange, Bloomberg data showed. Buyers and sellers were not known immediately.
Shapoorji Pallonji Group is looking to raise $1 billion selling stake in its solar unit, Bloomberg reported quoting the company’s Executive Director Jai Mavani. The company also plans for a separate listing for Forbes’ water purification arm - Eureka Forbes.
Shares of Maruti Suzuki Fluctuated between gains and losses to trade at 7,411.60 apiece.
Key highlights from the conversation:
Nifty’s 10,800 call option contract was among the most active option contracts on National Stock Exchange.
Premium on the contract fell 25.6 percent to Rs 62.20. Over 4.16 lakh shares were added to the open interest which stood at over 38.21 lakh shares.
Petronet LNG received a new ‘Outperform’ rating on the stock from international brokerage firm Macquarie.
Shares of the company is expected to reach Rs 270, the research company said in a report. The price target implies a potential upside of 25.1 percent from Monday's closing price. Macquarie finds Petronet LNG's valuations attractive compared to its Asia-Pacific peers.
Shares of Petronet LNG rose as much as 1.5 percent to Rs 219.
Shares of Oil India rose as much as 1.8 percent to Rs 204.35.
The company’s board approved raising foreign currency debt securities worth Rs 4,000 crore. Board also approved buyback of 4.45 percent of total paid-up share capital, at Rs 215 per share aggregating to Rs 1,086 crore, according to its stock exchange filing. The Record date is set for Dec. 03.
The stock traded at 6.5 times estimated forward earnings per share compared to 8.7 times for the two-year historical average.
Shares of Bajaj Finance its expected to reach Rs 3,000 levels, according to an international brokerage and research firm HSBC.
The research house initiated coverage on the stock with a buy rating and the price target implies a potential 27.1 percent from the last regular trade. This is the is the highest price target so far among the analysts tracked by Bloomberg.
Shares of Bajaj Finance fluctuated between gains and losses to trade at 2,359 apiece.
Major corporate meetings over the next few days.
— BloombergQuint (@BloombergQuint) November 20, 2018
Read: https://t.co/cQV8Gd17Tx pic.twitter.com/Ql8XoYmqiX
UBS On UltraTech
Macquarie On Petronet LNG
Credit Suisse On Colgate
Goldman Sachs on GAIL
HSBC on Bajaj Finance
Asian Stocks Fall as U.S. Tech Sinks; Bonds Steady: Markets Wrap
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