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Shares of the Rajkot-based three-wheeler maker were locked in a 20 percent upper circuit at Rs 349 after its sales jumped 49.90 percent to 4,332 units in December, Atul Auto said in an exchange notification.
Markets will see political overhang in the first half of 2019 and we are recommending clients to sit on some amount of cash and invest in good quality large caps, Ajay Bagga, executive chairman at OPC Asset Solutions told BloombergQuint in an interview.
Key highlights of the conversation:
Indian equity benchmarks recovered from intraday low levels led by gains in Axis Bank, Yes Bank, ICICI Bank and HDFC twins.
The S&P BSE Sensex rose 0.07 percent or 26 points to 36,095 and the NSE Nifty 50 Index was little changed at 10,865.
The Sensex rose as much as 335 points from intraday low levels while Nifty touched high of 10,885.30 and low of 10,807.10.
Eight of 11 sector gauges compiled by National Stock Exchange were trading higher led by Nifty Realty Index's 2 percent gain. On the flipside, Nifty Auto Index declined 0.7 percent on the back of weak December sales posted by M&M and Maruti Suzuki.
Shares of Faridabad-based tractor maker erased losses and rose as much as 1.26 percent to Rs 715 after it reported December sales numbers.
Shares of the country's largest utility vehicle maker fell as much as 2.28 percent to Rs 785.50 after it reported December sales numbers.
Key sales highlights:
Shares of the Mumbai-based logisitics services provider fell as much as 3.24 percent to Rs 125.30 after it informed exchanges that it could not raise money to fund acquisition of shares in Gateway Rail Freight held by Blackstone, Gateway Distriparks said in an exchange notification.
"Due to un-contemplated events arising in the debt market, GDL could not raise the required funds before the due date of 28 December 2018 to make the balance payment of Rs 560 crore plus compensation at 15 percent per annum from 28 September 2018 to 28 December 2018", the company said.
Meanwhile, Blackstone Mauritius has sent an arbitration notice under share subscription and shareholders agreement entered between GDL, GRFL and Blackstone.
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Delhi-based cable supplier rose as much as 4.65 percent to Rs 185.50.
The company emerged as the lowest bidder (L1) for supply of cadmium catenary wire to East Coast Indian Railways for Rs 106.64 crore, CMI said in an exchange filing.
Nifty's 11,000 call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract fell 19 percent to Rs 114.35. Over 3.20 lakh shares were added to the open interest which stood at over 29.60 lakh shares.
Shares of the country's largest carmaker extended losses and fell as much as 0.94 percent to Rs 7,395 after its sales declined 1.3 percent to 1,28,338 units in December, also its lowest monthly sales in 2018.
Key sales highlights:
Shares of the Ahmedabad-based construction company rose as much as 11.26 percent, the most since in over two months, to Rs 96.85 after it secured new orders worth Rs 596 crore.
The company won order for construction of residential and commercial real estate projects in South India worth Rs 434 crore and for civil works at a steel plant in Odisha for Rs 162 crore, JMC Projects said in an exchange notification.
Expect Maruti Suzuki to report flattish numbers for the month of December, Ankit Merchant from SMC Institutional Equities told BloombergQuint in an interview.
Key highlights of the conversation:
Shares of the Delhi-based crop protection company fell 2.36 percent to Rs 453.80 after went ex-buyback.
Dhanuka Agitech had on Nov. 14 approved buyback of equity shares of the company and the board agreed to buy back 15 lakh shares at Rs 550 per share aggregating to Rs 82.50 crore.
Shares of the Anil Ambani-led AMC rose as much as 2 percent to Rs 162 after HDFC Securities initiated coverage with a 'buy' for target price of Rs 227.
HDFC Securities in a note said:
How Indian ADRs fared overnight.
— BloombergQuint (@BloombergQuint) January 1, 2019
Read: https://t.co/a6qGa4GnOE pic.twitter.com/K5APrKOOr8
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