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Johnson Controls-Hitachi Air Conditioning India
Zensar Technologies
Resignation of Yes Bank's board members and RBI's directive to restrict Rana Kapoor's term have raised concerns over corporate governance, says Moody's.
— BloombergQuint (@BloombergQuint) November 27, 2018
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Shares of IFCI rose as much as 6.9 percent to Rs 14.60.
The company received Rs 491.84 crore via NCLT on account of a resolution passed by Binani Cement. It holds 42.16 lakh security receipts in the Binani Cement of the face value of Rs 1,000 each.
The Supreme Court deferred plea on Reliance Communications Ltd. spectrum sale to November 28.
About 11 lakh shares of SBI changed hands in a block deal, according to Bloomberg data. Buyers and sellers were not known immediately.
Shares of Mirc Electronics rose as much as 9.8 percent, the most since April 02, to Rs 26.30.
The company has started making television sets for Reliance Retail, it said in a regulatory filing.
Trading volume was quadruple its 20-day average, Bloomberg data showed.
Limited avenues of private capex and gradual benefits of digitisation in a moderate capex environment will limit the Siemens India’s overall growth over the ensuing two-three years.
That’s the word coming from homegrown brokerage and research firm Edelweiss. “We believe Siemens has embarked on an interesting journey with its new and focused business strategy based on efficiency, aided by digitisation/automation given its robust domain knowledge,” the research report said, adding that the growth visibility, however, over the 12-24 months is limited as the capex cycle is expected to improve only gradually.
Shares of Siemens declined for the second day and fell as much as 1.1 percent to Rs 903.50.
The Indian government will push its central bank to ease lending restrictions for some weak banks and review rules governing its functioning at a board meeting next month, Bloomberg reported quoting people with knowledge of the matter. (More details here)
Oil fell after rising the most in almost two months as major oil exporters prepare to discuss output policy amid rising price volatility, Bloomberg reported. (Read the full story here).
Shares of the Mukesh Ambani-led conglomerate extended gains for the second day and rose as much as 1.4 percent to Rs 1,124.90.
International brokerage and research firm Bank of America Merrill Lynch (BofAML) raised price target to Rs 1,430 from Rs 1,280, implying a potential upside of nearly 29 percent from the last regular trade.
Here’s what the brokerage had to say about the company.
63 Moons Technologies Ltd. plans to sell 55.4 percent stake in Atom Technologies for $9.24 million to Japan-based NTT Data Corporation, the company said in a stock exchange notification.
Shares of the company fluctuated between gains and losses to trade at Rs 108.10 apiece after the announcement.
Shares of ONGC fluctuated between gains and losses to trade at Rs 145.95.
About 11 lakh shares changed hands in a block deal, according to Bloomberg data. Buyers and sellers were not known immediately.
The stock declined 19 percent in the past 12 months.
About 12.3 lakh shares of South Indian Bank changed hands in a block deal on NSE, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of the pharmaceutical company rose as much as 11.2 percent, the most since Nov. 06, 2017, to Rs 224.90.
The company received EIR for postmarketing adverse drug experience inspection by U.S. FDA., according to its stock exchange filing. The report indicates the closure of the inspection which started from June 25-29.
Trading volume was almost 450 times its 20-day average, according to Bloomberg data. The stock declined 32.6 percent so far this year compared to a 5 percent advance in the Sensex.
Shares of the country’s largest drugmaker rose as much as 2.1 percent to Rs 521.20.
The pharmaceutical company entered into a definitive agreement to acquire 100 percent stake in Japan based- Pola Pharma for $1 million, according to its stock exchange notification. The pharma company said that this acquisition will give a commercial presence in the dermatology segment in Japan.
Besides, the company, along with its arm entered into a settlement in the Modafinil Anti-Trust Litigation in the U.S. The company said the settlements extended to all claims brought by direct purchaser Plaintiffs and the terms of the settlement are confidential, it said in a separate exchange filing.
Shares of Jain Irrigation fluctuated between gains and losses to trade at Rs 69.90.
About 20.2 lakh shares changed hands in a single block deal, according to Bloomberg data. Buyers and sellers were not known immediately.
Morgan Stanley on Indian Metals
BofAML on Reliance Industries
JPMorgan on OMCs
UBS on IT
Macquarie on HEG
Deutsche Bank Research on Siemens India
Deutsche Bank Research on Godrej Properties
GIC Housing Finance (Q2, YoY)
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