Scan to Download
The market breadth was skewed in the favour of the sellers. Around 3,175 stocks declined, 661 stocks rose, and 85 remained unchanged on BSE.
Gets demand order of Rs 5.62 cr including tax liability, interest, penalty from Mumbai GST Authority
Gets demand order of Rs 53.6 lk including tax liability, interest, penalty from Jaipur GST Authority
Source: Exchange Filing
US FDA inspected Unit IV of arm APL Health from Sept 13 to Sept 19
Unit gets Establishment Inspection Report classifying it as 'Voluntary Action Indicated'
Source: Exchange Filing
10.4 lakh shares changed hands in a large trade
0.02% equity changed hands at Rs 62 apiece
Buyers and sellers not known immediately
Source: Bloomberg
The scrip fell as much as 3.7% to 639.10 apiece. It was trading 3.68% lower at Rs 639.40 apiece, as of 12.42 p.m. This compares to a 0.45% advance in the NSE Nifty 50 Index.
It has risen 33% on a year-to-date basis. Total traded volume so far in the day stood at 1.7 times its 30-day average. The relative strength index was at 52.82.
Six analysts tracking the company have maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 23%.
Tips Industries at 24.97 times of its 30 day average
Heritage Foods at 6.54 times of its 30 day average
Nippon Life India Asset Management at 5.9 times of its 30 day average
Varun Beverages Ltd at 4.17 times of its 30 day average
Voltas Ltd at 4.02 times of its 30 day average
12.9 lakh shares changed hands in a large trade
0.2% equity changed hands at Rs 633.20 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Shares of the Embassy Office Park REIT Ltd declined as much as 4.69% to Rs 320 apiece. It pared losses to trade 0.22% higher at Rs 335 apiece, as of 10:15 a.m. This compares to a 0.48% advance in the NSE Nifty 50 Index.
It has fallen 0.37% on a year-to-date basis. Total traded volume so far in the day stood at 3.548 times its 30-day average. The relative strength index was at 60.36.
Around fourteen analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 10.9%
The stock is listed at a premium of 25% to the IPO price
The IPO price was Rs 493 per share
Source: India Shelter Finance Corporation listing event
Lists at a premium of 77.22% on NSE
Lists at Rs 1400 on BSE vs issue price of `790
Lists at a premium of 77.22% on BSE
Source: Exchanges
Shares of Deepak Nitrite rose as much as 4.51% to Rs 2,391.30, it last traded at this level on Dec 15, when it touched a new high of Rs 2,410. It pared gains to trade 3.60% higher at Rs 2,370.45 apiece, as of 9:39 a.m. This compares to a 0.63% advance in the NSE Nifty 50 Index.
It has risen 20.05% on a year-to-date basis. Total traded volume so far in the day stood at 6.7 times its 30-day average. The relative strength index was at 73.
Out of 18 analysts tracking the company, 10 maintain a 'buy' rating, 3 recommend a 'hold,' and 5 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 14.1%.
Shares of Varun Beverages rose as much as 17.79% to hit record high at Rs 1,380. The stock was trading 10.61% higher at Rs 1,295.95 as of 9:39 a.m. compared to a 0.58% advance in the benchmark Nifty 50.
The stock has risen 97.07% year-to-date. The total traded volume so far in the day stood at 22 times its 30-day average. The RSI stands at 85, indicating that stock may be overbought.
Of the 19 analysts tracking the company, 15 maintain a 'buy', three recommend a 'hold,' and one suggests a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a downside of 14.3%.
IndusInd Bank Sells Stake Worth Rs 760 Crore In Nippon Life
Broader markets rose. The BSE Midcap was up 0.56%, while the Smallcap was 0.67% higher.
All 20 sectors compiled by BSE Ltd. advanced.
At pre-open, the NSE Nifty 50 Index was up 90.40 points, or 0.42%, at 21,543.50 while the S&P BSE Sensex was 210.47 or 0.29% higher at 71,647.66.
The yield on the 10-year bond opened flat at 7.17% on Wednesday.
Source: Bloomberg
The local currency opened flat at 83.19 against the U.S dollar on Wednesday.
Source: Bloomberg
33 lakh shares changed hands in two pre-market large trades
7.5% equity changed hands at Rs 1,103.60 apiece
Buyers and sellers not known immediately
Source: Bloomberg
13.2 lakh shares changed hands in a pre-market large trade
0.5% equity changed hands at Rs 1889.80 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Become aware of ransomware incident in isolated cloud environment for one of its projects
No impact observed due to this incident on overall HCLTech network
Detailed investigation is underway in consultation with relevant stakeholders to assess root cause
Source: Exchange Filing
Motilal Oswal
Reiterates Buy rating with TP of Rs. 1285
The acquisition of BevCo is EPS-accretive for the company and represents an attractive valuation
Expects a CAGR of 17%/20%/26% in revenue/EBITDA/PAT over CY22-25
Investment in subordinate units of AIF subject to full deduction from lender's capital
Banks/NBFCs to liquidate investments in 30 days
Piramal Enterprises, IIFL with Rs 45 billion & Rs 11 billion of investments in AIF, respectively
Limited impact as PIEL & IIFL's investments have exposure in firms preceding last 12 months
Net worth hit around -8% for IIFL and -10% for PIEL, if provided for entire exposure
Exposure for covered banks nominal
U.S. Dollar Index at 102.22
U.S. 10-year bond yield at 3.91%
Brent crude up 1.83% at $77.95 per barrel
Nymex crude up 0.07% at $72.52 per barrel
GIFT Nifty was down 0.03% at 21,610 as of 7:31 a.m.
Bitcoin was down 0.42% at $42,318.88
JSL Gets Board Approval To Acquire Rabirun Vinimay For Rs 96 Crore Via Insolvency
Warburg Affiliate Pares Stake In Apollo Tyres For Rs 1,281 Crore
Blackstone Plans Exit From Embassy Office Parks REIT Via Mega Block Deal
Bharat Petroleum Corp: The company approved a proposal for setting up 400 KTPA polypropylene unit at its Kochi refinery. The cost of the project is Rs 5,044 crore which will be funded in a debt-equity ratio of 65:35.
Glenmark Life Sciences: The Competiton Commission of India has approved the acquisition of majority shareholding of Glenmark Life Sciences by Nirma.
Embassy Office Parks REIT: Blackstone is looking to sell its entire 23.5% stake in the company via a mega block deal on Wednesday. The floor price is set as Rs 310 per share.
Nippon Life India AMC: IndusInd Bank will sell a 2.86% stake in the company via a block deal on Wednesday. The floor size is set at Rs 426 per share, 5% discount to Tuesday's closing price.
Transformers And Rectifiers: The company received an order worth of Rs 118 crore from Uttar Pradesh Power Transmission Corp.
Rail Vikas Nigam: The company emerged as the lowest bidder for a project worth 123 crore in a 49: 51 Joint venture with KRDCL. The project is to upgrade Varkala Sivagiri railway station in Kerala.
Mining and metals stocks: Nearly 100 more blocks of critical minerals will be put on auction before February, Coal and Mines Minister Pralhad Joshi said on Tuesday. Offshore minerals will be put on sale in the auction that will take place in March and April.
JK Tyre and Industries: The company opened its QIP for raising up to Rs 500 crore and has set the floor price of QIP at Rs 358.96 per share, which indicates a discount of 5.2% to the stock's previous close of Rs 378.70 on the NSE.
Varun Beverages: The company will acquire South Africa's the Beverage Co. and its subsidiaries for ZAR 3 billion or Rs 1,320 crore. The company signed an MoU with the Jharkhand government for the Patratu manufacturing plant with a total capital outlay of Rs 450 crore.
ITC: The company’s unit Infotech India incorporated a wholly owned subsidiary ITC Arabia for about Rs 35 crore.
Tech Mahindra: CP Gurnani ceases to be MD and CEO of the company on account of the completion of his tenure. Mohit Joshi to take over as CEO and MD effective Dec. 20.
Wipro: The company’s unit Wipro Holdings has transferred 100% shareholding in Designit A/S to Wipro IT Services UK Societas.
NTPC: The group achieved its fastest 300 billion units of power production so far in FY24.
Jubilant FoodWorks: The company's unit, Jubilant Foodworks Netherlands, launched a cash offer to acquire the remaining 45.33% share capital of DP Eurasia, a subsidiary company of JFN, at Rs 95 pence per share.
Godrej Agrovet: Sandeep Kumar Singh has resigned from the position of CEO of the animal feed business. AY Rajendra has been appointed as CEO of the animal feed business.
National Fertilizers: The company approved the setting up of a Nano Urea (Liquid) production plant based on the financial viability in the Techno-Economic - Feasibility Report.
Deepak Nitrite: The company approved the offtake of 250 KTPA propylene and 11 KTPA hydrogen from Petronet LNG's Dahej plant. Petronet LNG will supply hydrogen and propylene to the company’s unit Deepak Phenolics for 15 years.
Maithan Alloys: The company invested 49.84 crores in GAIL by purchasing 38.34 lakh shares 0.06% stake in the company through an open market.
Abbott: Vivek V Kamath resigned from the position of managing director w.e.f March 18, 2024.
Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.
