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Shares of HEG rose 0.6 percent to Rs 4,375 after its company's board approved share buyback proposal.
The company plans to buy back up to 3.41 percent of paid-up capital for Rs 750 crore at Rs 5,500 per share, according to its stock exchange filing.
Housing & Urban Development Corp (HUDCO) reported a net profit of Rs 282 crore, an increase of 6 percent from the year-ago period, according to its stock exchange filing. Shares of the company rose as much as 5.2 percent to Rs 46.30.
Key earnings highlights (Q2, YoY)
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Shares of the FMCG major snapped a three-day decline and rose as much as 3.9 percent to Rs 1,740, its highest levels in nearly three months.
The stock traded at 60 times its estimated earnings per share for the coming year, Bloomberg data showed.
Bharti Airtel Ltd. said that its Africa unit—Airtel Africa has appointed eight global banks—appointed JPMorgan, Citigroup, BofA ML, Absa Group, Barclays Bank, BNP Paribas, Goldman Sachs and Standard Bank Group, according to its stock exchange filing.
Shares of the company rose as much as 3.4 percent to Rs 338.90. The stock was the third-best performer on Sensex and Nifty.
Nifty’s 10,600 call option contract was among the most active option contracts on National Stock Exchange.
Premium on the contract fell 2.71 percent to Rs 43. Over 15.92 lakh shares were added to the open interest which stood at over 46.67 lakh shares.
About 18.9 lakh shares of South Indian Bank changed hands in two block deals, according to Bloomberg data. Buyers and sellers were not known immediately.
Investing five to six months before the elections in 2009 and 2014 earned an average three to six percent more than the Indian benchmark return in the five-year period to the next vote, Bloomberg reported quoting FundsIndia’s Head of Mutual Fund Research Vidya Bala. (Read the full story here)
Shares of Hotel Leela Venture hit an upper circuit of 20 percent, the most since in nearly 10 months, to Rs 20.
A consortium including Thailand’s Minor International Pcl is considering an investment of about $350 million in Indian hospitality firm Hotel Leelaventure Ltd., Bloomberg reported quoting person familiar with the matter. (more details here)
Trading volume was more than 40 times its 20-day average, according to Bloomberg data.
Shares of the shipbuilding company rose as much as 7 percent to trade near a one-month high at Rs 390.
The company plans to buy back shares worth Rs 200 crore at Rs 455 apiece, according to its stock exchange notification.
Trading volume was 7.4 time sits 30-day moving average, Bloomberg data showed. The stock fell 27.6 percent so far this year compared to a 4 percent advance in the Sensex.
India Is Missing the Wake-Up Call From Its Shadow-Bank Bust
Shares of the earthmoving equipment maker extended gains for the second day and rose as much as 2.5 percent, to Rs 777, its highest levels since Sept. 18.
The company was awarded a contract worth Rs 3015 crore for supply of 378 Metro coaches, according to its stock exchange notification. The deliveries are scheduled to commence July 2020 until Sep 2022.
Trading volume was triple its 20-day average, Bloomberg data showed. The stock has declined 55 percent in the past 12 months.
A quick look at the corporate insider trades reported last Thursday.
— BloombergQuint (@BloombergQuint) November 26, 2018
Read: https://t.co/6VJ7XkCfjs pic.twitter.com/lUmltnMPYW
CIL Nova Petrochemicals
Talwalkers Lifestyles
Reliance Jio makes inroads in non-metro cities.
— BloombergQuint (@BloombergQuint) November 25, 2018
Read: https://t.co/ND9TduT6M9 pic.twitter.com/r3QB35CtVk
London Metal Exchange
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