Indian equity benchmarks rose for the seventh straight session today.
The S&P BSE Sensex Index rose as much as 0.33 percent to 33,700.46, while the NSE Nifty 50 Index also rose as much as 0.32 percent to 10,381.
The market breadth was tilted in favour of buyers. Sixteen of the 19 sector gauges compiled by the BSE Ltd. rose led by the S&P BSE Telecom Index gaining 0.63 percent. On the flipside, the S&P BSE Metal index fell the most, 0.5 percent, making it the worst performer.
Here Are The Stocks Moving The Market This Morning:
Vakrangee: Record High After Block Deal
Snapping a two-day losing streak, shares of Vakrangee Ltd. rose to a lifetime high of Rs 714.5 and rose as much as 1.45 percent after 10 lakh shares changed hands in a block deal in early trade today. Buyers and sellers of the block deal were not immediately known.
How Vakrangee turned from a penny stock into a Rs 37,000 crore firm.https://t.co/mlbURrgJWs pic.twitter.com/gcMCWV7euN
Cox And Kings: New Hotel In Germany
Shares of the leisure and travel services company rose as much as 4.27 percent to Rs 266 apiece after Cox & Kings Ltd. announced yesterday that its subsidiary Meininger will open a new hotel in Dresden, Germany.
Meininger signed an agreement with Peter Simmel to open the new hotel.
Skipper: Board Approval For Joint Venture
Shares of the infrastructure project company rose to a life time high of Rs 277 rising as much as 9 percent after the company's board approved a joint venture with MetzerPlas Cooperative Agriculture Organization of Israel.
Skipper Ltd. entered into the joint venture for drip irrigation business. The company has given returns of 89.93 percent this year as compared to the benchmark index's returns of 26.52 percent.
RBL Bank: Block Deal
Shares of RBL Bank Ltd. rose as much as 3 percent to Rs 523.25 apiece after 59.3 lakh shares changed hand in a block deal today.
This would be equal to 1.4 percent of the bank's equity. Trading volume is more than 3.8 times the three-month full-day average.
Buyers and sellers of the block deal were not immediately known.
Star Paper Mills: Falls On Weak Numbers
Shares of the Kolkata-based paper maker fell as much as 9.4 percent today to Rs 192.25 a piece after it reported a weak set of numbers for the second quarter.
- Revenue down 3.4 percent at Rs 81.3 crore.
- Net profit down 6.4 percent at Rs 14.7 crore.
- EBITDA down 3.7 percent at Rs 18.4 crore.
- Margins at 22.6 percent from 22.7 percent.
Star Paper Mills Ltd. gave positive returns this year (16.8 percent) but it was still lower than Sensex's returns.
Swaraj Engines: Surges On Buyback Consideration
Shares of the diesel engine maker surged as much as 16.9 percent to Rs 2,210 apiece after the company announced that it may consider a buyback of equity shares.
Swaraj Engines Ltd. gave returns of 62.68 percent this year as compared to Sensex's returns of 26.49 percent.
Quess Corp: High Non-Retail Demand For Shares Offered
Shares of the company rose as much as 7 percent to Rs 918.4 apiece after the company reported high demand form the non-retail segment for the shares offered.
The offer for sale to non-retail garnered demand which was 5.7 times the number of shares offered.
Quess Corp Ltd. has gained for four of the five trading sessions this week.
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