The stock dipped 6% to Rs 178 on the BSE after the company said that its board approved the acquisition of 28.4% stake of GGL from GSPCL by way of an inter-se transfer.
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
Half of the BSE 500 companies have fallen more than 25% from their peaks
All-time high mop-up of Rs 1.2 trillion through IPOs, QIPs in 2017-18
Pursuant to the capital infusion, the government's stake would rise by 5.21% in Punjab National Bank
Nifty, Bank Nifty, Tata Steel, Ambuja Cement
Growing demand for cleaner fuel, expanding network important earnings drivers
Expanding network, opportunities in newer markets are other key earnings drivers; GAIL to benefit on spike in transmission volumes
The S&P BSE PSU Index was down 1.7% at 7,855 as compared to 0.14% decline in the S&P BSE Sensex at 10:31 am.
HAL is an aerospace company engaged in the manufacturing and repair of aircraft and helicopters
The price band for the IPO has been fixed at Rs 370 to Rs 375 per share
The Sensex and the Nifty have come off by over 9% from their all-time highs reached end-January
The yields on US government bonds rose to multi-year high ahead of the Federal Open Market Committee meet
All that happened in the market today
The stock had outperformed the market by surging 17% during last week as compared to 0.39% decline in the S&P BSE Sensex.
The stock hit 52-week low of Rs 187, down 3.6% in intra-day trade, extending its Friday's 5% decline on the BSE.
The stock was trading 2% higher at Rs 302, extending its past two days 10% surge on the BSE in otherwise weak market.
The stock was 7% to Rs 488 on the BSE after the company received EIR from the USFDA for its formulation manufacturing facility in Telangana following the audit in November last year.
Stock calls and outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking.
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher: