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Buyers and sellers were not immediately known
Source: Bloomberg
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Shares of the Chandigarh-based steel wheel rim maker surged as much as 7.2 percent to Rs 1,410 after it bagged an export order from the U.S. truck and trailer aftermarket.
SSWL has bagged an export order from U.S. truck and trailer aftermarket for supply of approximately 9,500 truck wheels which will be shipped from its Chennai plant later this month, the company said in an exchange filing.
The total order is valued at Rs $4,25,000.
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Shares of the Hoshiarpur-based auto parts maker rose as much as 3.91 percent to Rs 528 after HDFC MF acquired additional 0.46 percent equity in GNA Axles.
Shares of the Mumbai-based e-governance service provider were locked in a 5 percent upper circuit at Rs 35.90 for second day in a row.
Baron Emerging Markets Fund bought 72.67 lakh shares or 0.7 percent equity at Rs 34.08 each in the Friday's session.
Shares of the country’s largest private lender fell as much as 2.5 percent, the most since April 23, to Rs 2,058.
Global funds can increase their stake in the Mumbai-based bank by 1.68 percent or 4.3 crore shares, according to NSDL data. At present, they hold 72.3 percent of HDFC Bank, right under the cap of 74 percent for lenders.
Trading volume was 43.7 times the 20-day average, Bloomberg data showed. The stock is trading 10 percent below the Bloomberg consensus one-year target price.
JM Financial expects a significant rebound in corporate facing banks in the current and the next financial year, its Head of Institutional Equity Research, Suhas Harinarayanan told BloombergQuint in an interaction.
Key highlights from the conversation:
Shares of the business consulting service provider rose as much as 1.6 percent to hit a record high at Rs 290.40.
About 10.5 lakh shares changed hands in a block deal on BSE, according to Bloomberg report. Buyers and sellers were not known immediately. The stock returned 59 percent so far this year and gained 151 percent in the past 12 months.
Shares of the country’s largest two-wheeler maker swung between gains and losses and traded at Rs 3,618 as of 9:50 a.m. The company’s sales in May rose 11 percent over the year-ago month to 7.06 lakh units, according to its exchange filing.
Trading volume was 2.1 times its 20-day average. The stock fell 0.2 percent last month, compared to 1.1 percent advance in Sensex.
Nifty is expected to touch 12,000-mark if oil corrects to $70 a barrel, Manish Sonthalia, head of equities - PMC at Motilal Oswal Asset Management Company told BloombergQuint in an interaction.
Key highlights from the conversation:
Shares of the drugmaker rose as much as 3.8 percent to Rs 2,013.85. The U.S drug regulator concluded inspection at the pharmaceutical company's Srikakulam Plant with no observations.
The stock was the best performer on Nifty. Dr. Reddy’s Lab trades at 35.1 times trailing 12-month earnings per share and 22 times its estimates for the coming year, according to Bloomberg data.
Buyers and sellers were not known immediately.
Source: Bloomberg
Here's a lineup of all major corporate meetings over the next few days.https://t.co/ADELRoIKQv pic.twitter.com/lqPPxkw1Qj
— BloombergQuint (@BloombergQuint) June 4, 2018
India’s economic growth is picking up pace in an environment of rising price pressures, reports @anir_nag.https://t.co/S7xQksabkY
— BloombergQuint (@BloombergQuint) June 4, 2018
Foreign investors pulled out Rs 29,714 crore from the capital markets in May.https://t.co/1GVFzyXtby pic.twitter.com/AYo35iRyTx
— BloombergQuint (@BloombergQuint) June 4, 2018
#BQOpinion | If a company's auditor has resigned, the management shouldn't be picking the replacement, writes S Santhanakrishnan.https://t.co/yqADQPpTfn pic.twitter.com/792DD1Tw9i
— The Fineprint (@BQthefineprint) June 3, 2018
Alembic Pharma plans Rs 720-crore capital expenditure for 2018-19.https://t.co/C4UtYnmHTk pic.twitter.com/Nl3ly5tXOr
— BloombergQuint (@BloombergQuint) June 3, 2018
Fuel prices cut for the 6th day in a row. ⛽️https://t.co/ADELRor9rV pic.twitter.com/kji1a77qmx
— BloombergQuint (@BloombergQuint) June 4, 2018
Here are some key events coming up this week:
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