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Vakrangee: The Mumbai-based e-governance service provider was locked in a five percent upper circuit for fifth day in a row after facing a sharp selloff.
8K Miles Software: Shares of the software developer rose as much as 10 percent to Rs 86.65 after it announced blockchain platform 8K Health Edge.
PC Jeweller: The Delhi-based jeweller rose 7 percent to Rs 381 after company clarified that the company does not use a letter of credit/letter of undertaking in business transactions and buys all diamonds from local markets on a cash basis only.
Indoco Remedies: Shares of the Mumbai-based drug maker rose as much as 6.4 percent to Rs 277.25 after the company received European GMP certification from Regulatory Authority of Hungary for its Goa plant.
Buyers and sellers were not immediately known
Source: Bloomberg
Fortis Healthcare declines over 10%. #BQStocks https://t.co/rFV96GCA36 pic.twitter.com/s4nVE2L3oX
— BloombergQuint (@BloombergQuint) February 16, 2018
Shares of Praxis Home Retail rose as much as 10 percent to Rs 202.45 after Aadi Financial Advisors LLP (Akash Bhansali) acquired 6.26 lakh shares at Rs 161.81 each.
Shares of the Delhi-based steel maker rose as much as 7 percent to Rs 234.60 after the company announced raising Rs 234 crore by issuing convertible equity warrants.
Shares of the Delhi-based state-run lender fell for third day in a row to hit fresh 52-week low of Rs 121 on fallout of Rs 11,000 crore fraud which was detected at one of its branches in Mumbai.
Shares of the software developer rose as much as 10 percent to Rs 86.65 after it announced blockchain platform 8K Health Edge.
Shares of the Mumbai-based drug maker rose as much as 6.4 percent to Rs 277.25 after the company received European GMP certification from Regulatory Authority of Hungary for its Goa plant.
The EU GMP certification will enable Indoco to continue to export medicinal products to all European countries, Indoco said in an exchange filing.
A move by Indian exchanges to stop all licensing deals with their foreign counterparts is anti-competitive and could jeopardize the country’s standing in indexes tracked by global funds worth trillions of dollars. (click here to read the full story)
Tata Consultancy Services Ltd.’s valuations have run so far ahead of its earnings that analysts, for the first time in more than a decade, expect investors betting on the stock will be left poorer. (Click here to read more)
Shares of the healthcare provider rose as much as 5.3 percent to Rs 151. The Supreme Court, yesterday said that the status quo should not apply to the shares of Fortis healthcare held by Fortis Healthcare holdings that were encumbered before Aug. 11, Bloomberg reported.
Trading volume was 8.8 times its 30-day average. Fortis Healthcare trades at 15.8 times trailing 12-month earnings per share and 61 times its estimates for the coming year.
Shares of the Mumbai-based jewellery maker was locked in the lower circuit for the second day at Rs 37, after its promoter, Mehul Choksi’s name surfaced in the PNB fraud case. The stock has declined for the third straight day.
Gitanjali Gems had said in a statement that Choksi did not have any current dealings with the firms enlisted in the FIR that PNB had lodged against Nirav Modi and other jewellers.
The stock’s trading volume was 11 times the 30-day average, and its the Relative Strength Index was 24, indicating that the stock may be oversold.
Moreevidence is showing that prices are rising in the U.S.https://t.co/jFgvHyUI3N pic.twitter.com/qGhJAtNefd
— BloombergQuint (@BloombergQuint) February 15, 2018
Sovereign bonds fell the most in two weeks in the last session on account of shrinking liquidity in the system. Yield on the 10-year note jumped as high as 7.61 percent, easing only after the RBI said its stands ready to meet the cash requirements of the system.
It is important to note here that liquidity in the system tends to be tight in March on account of advance tax payment by companies. For today, the yields may stay in a tight range of 7.55-7.60 percent in the day.
In the currency market, the rupee is likely to gain for a fourth session supported by a strong risk appetite in the region. However, volumes could be impacted due to most South Asia market shut for lunar new year holiday. A rangebound trade of 63.70-64.10 a dollar is expected in the session.
Here’s how airlines beat higher fuel costs. #Q3WithBQhttps://t.co/qcwRuIP3Lc pic.twitter.com/JWUZeb2TSn
— BloombergQuint (@BloombergQuint) February 16, 2018
Nifty earnings report card: More hits than misses. #Q3WithBQ
— BloombergQuint (@BloombergQuint) February 15, 2018
(Corrected to state that Ambuja Cements has yet to report earnings.)https://t.co/LxpACiVQpX pic.twitter.com/5koaiMtPWU
H.G. Infra looking to raise Rs 462 crore via IPO.https://t.co/N2mZwWxURm pic.twitter.com/2ipfQ7T5Pn
— BloombergQuint (@BloombergQuint) February 16, 2018
Bitcoin recovers more than 40% from recent low. https://t.co/d54J7r9vkd pic.twitter.com/SGClqlbJTs
— BloombergQuint (@BloombergQuint) February 16, 2018
Lenders now free to sell Singhs’ pledged Fortis Healthcare shares.https://t.co/SPnjLxKaGw pic.twitter.com/5TyXQ9C0gy
— BloombergQuint (@BloombergQuint) February 16, 2018
India’s trade gap in January was at its widest in more than four-and-a-half years.https://t.co/81Cpz8oxtU pic.twitter.com/te7PCMvin6
— BloombergQuint (@BloombergQuint) February 16, 2018
The best time to invest in oil is now, reports @jayeshkhilnani.https://t.co/SIENY1aqm1 pic.twitter.com/Kc6OkIZst3
— BloombergQuint (@BloombergQuint) February 16, 2018
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