The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The stock moved 15% higher to Rs 320 on NSE after the company signed contract worth around Rs 760 crore with the Indian Army for production and supply of ATGM and Launchers.
The S&P BSE Sensex gained 131 points or 0.36 per cent to settle at 35,981 with Sun Pharma (up 4 per cent) being the top gainer and Kotak Mahindra Bank (down over 1 per cent) the worst performer.
Nifty PSU Bank index, the largest sectoral gainer, was up 2.6% at 3,192 levels, trading at its highest level since September 6, 2018, on the National Stock Exchange.
Sadbhav Engineering soared 6% to Rs 230 after the company said it received an appointment letter dated January 5, 2019 for road contract worth Rs 1,620 crore of Maharashtra Samruddhi Mahamarg.
The stock was locked in the upper circuit for the eight straight day, up 5% at Rs 329 on BSE, surging more than 72% in the past nine days.
The stock hit a record high of Rs 375.40, up 2 per cent on the BSE, surpassing its previous high of Rs 375.25 touched on November 16, 2018, in an otherwise subdued market on Tuesday.
According to the share swap ratio, for every 1,000 shares of Gruh Finance shareholders will get 568 shares of Bandhan Bank.
On Monday, the domestic currency pared early gains but managed to end four paise higher at 69.68 following dovish stance by the Federal Reserve and rising hopes of a thaw in ongoing US-China trade tif
Here's a look at the top stocks that may remain in focus today-
Dena Bank slipped 5 per cent to Rs 13.65, falling 24 per cent in past three trading sessions, skidding to its lowest level since April 30, 2003.
Among the sectoral indices, the Nifty IT rose 1.1 per cent led by MindTree, Infosys and Tata Consultancy Services (TCS). The Nifty Realty, too, rose 1.2 per cent led by Godrej Properties and Sobha.
The stock rallied 20 per cent to Rs 118, surging 63 per cent in the past four days, as compared to a 1 per cent decline in the S&P BSE Sensex.
Bandhan Bank has dipped 5 per cent to Rs 504, falling 7 per cent from its opening level on the BSE, while Gruh Finance slipped 4 per cent to Rs 307, declining 7 per cent from intra-day high level.
Indiabulls Real Estate, Godrej Properties, Peninsula Land, Ashiana Housing, DLF, Anant Raj, Kolte-Patil Developers and Sobha were up in the range 3 per cent to 6 per cent.
The stock was up 1.5 per cent at Rs 371, trading close to its record high of Rs 375 touched on November 16, 2018 in intra-day deal on the BSE.
The stock was down 4% to Rs 470 on the BSE in early morning trade, its lowest level since February 1, 2017.
The stock was up 4 per cent to Rs 964 on BSE in the early morning trade after the company said it saw good growth momentum across all its businesses in the seasonally strong third quarter.
The stock was trading lower for the fourth straight day, down 4 per cent at Rs 22,550 on the BSE, its lowest level since April 4, 2018.
The stock was up 4% to Rs 1,156 on Friday, extending its previous day's 5% gain, trading at its highest level since April 25, 2012.
MindTree, Tata Elxsi, Persistent Systems, L&T Infotech, Hexaware Techno, Mphasis, Cyient and Zensar Technologies have fallen by up to 6% in intra-day trade.