Stocks Radar: Dynamatic Technologies, Gammon Infra, Reliance Industries
Indian shares continued to decline for the second day in a row after rising geopolitical tensions in the middle east spurred demand for haven assets.
#BQMarketsNow | Nifty drops below 9,230 and Sensex sheds 70 points on geopolitical worries.https://t.co/9rXNndspRB pic.twitter.com/Im6eprqKuy
April 7, 2017Here are the stocks that are moving the markets today:
Reliance Industries: Withdraws Complimentary Offer
Shares of the Mukesh Ambani-led company fell as much as 1.76 percent to Rs 1,413.15 after it withdrew its summer surprise offer on the orders of the Telecom Regulatory Authority of India.
TRAI clarified that users who subscribed to the offer before it is discontinued can avail the benefits, Reliance Jio said in its statement. The company said it is “in the process of fully complying with the regulator's advice” but did not give a date by when the offer will be fully withdrawn.
Gammon Infrastructure: Jumps Post Stake Buy
Shares of the construction company rose as much as 9.3 percent to Rs 4.70 after it increased its stake in Indira Container Terminal Pvt. to 74 percent.
Gammon acquired the 24 percent stake for Rs 15 crore. ICTPL has now become the subsidiary of Gammon Infrastructure
Dynamatic Technologies
Shares of the aerospace and defence product developer gained as much as 5.74 percent to Rs 2,999 after it signed an agreement with an Israeli company, Magal Security Systems Ltd.
The companies will make integrated security products in India and cater to the increasing demand in the Indian markets for high-end security products.
Sun Pharma Leads Pharma Stocks Lower
Shares of Sun Pharmaceuticals Ltd. fell as much as 3 percent to Rs 666.30 after ET Now reported that the U.S. Food and Drug Administration conducted inspections at the company's Dadra plant.
Sun Pharma was also the top loser in the NSE Nifty Pharma Index, which fell as much as 1.11 percent to 10,353. Eight out of the ten stocks in the pharma index were trading with losses of between 0.2-1.02 percent.
Indiabulls Ventures: Gains On Fund Raising Plans
Shares of the securities broking and advisory services firm hit the 5 percent upper circuit after it announced plans to sell stake to foreign investors on a preferential basis. The stock traded at its 52-week high of Rs 70.9 as of 10:40 a.m.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
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Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
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India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
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When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
