On September 18, market regulator SEBI said companies will have to list their shares on the third day after the successful applicants have been allotted shares. Earlier, companies could do so on the sixth day after allotment.
From the BSE Group A stocks, DCM Shriram jumped 8.5 percent while Tata Steel added close to 6 percent. Tata Steel breached upper circuit of Rs 176.55 and saw spurt in volume by more than 1.16 times.
120 stocks have hit new 52-week low including names like Bharat Electronics, Dish TV, GIC Housing, HCL Infosystems, Gammon Infra, GIC Housing, Jet Airways, Ujjivan Financial Services and JK Tyre and Industries among others.
The company has completed the acquisition of 51 percent equity stake in Creative Port Development.
Avadh Sugar, Dharani Sugar, and Uttam Sugar, among others, are all rising in trade, while frontline sugar names are witnessing profit booking. Balrampur Chini, Shree Renuka Sugar and Triveni Engineering are all down up to 4 percent.
It expect 16 percent revenue CAGR and steady 26 percent margin over FY18-21.
These include names such as IOC, BPCL, Hero MotoCorp, Shree Cements, Ambuja Cements, Havells India, HPCL, ACC, Exide Industries, IGL, and Amara Raja Batteries.
The weekly RSI level at 57 has shown a positive price divergence while MACD indicates a likelihood of bullish crossover in the next few sessions, says Dinesh Rohira of 5nance.com.
The momentum indicator outlined a positive trend with weekly RSI inching at 58 levels. Further, in the coming session MACD is also likely to make a bullish crossover to trade above Signal-Line, says Dinesh Rohira of 5nance.com.
The RSI on chart stood at 35 levels while MACD trading below its Signal-Line, indicating selling regime, says Dinesh Rohira of 5nance.com.
New plant setup and investment in existing plants are going to be supported by strong cash flow position.
The realty space is the biggest loser among sectoral indices as the Nifty Realty index dropped nearly 25 percent year-to-date against 7 percent upside in Nifty50.
96 stocks have hit new 52-week low including names like Bharat Electronics, Dish TV, GIC Housing, HCL Infosystems, Gammon Infra, GIC Housing, Jet Airways, Ujjivan Financial Services and JK Tyre and Industries among others.
On bounce Nifty will face strong resistance at 11,400-11,450 levels while next support is placed around 11,200-11,170 levels, says Shitij Gandhi of SMC Global Securities
According to firm, company's capacity utilisation is likely to expand, also low cost advantage to continue for the company.
ICICI Direct expect the USDINR to find supports at lower levels. Utilise downsides in pair to initiate long positions
Reacting to the new rules, domestic brokerage firms, Motilal Oswal maintains a buy on MCX and with a target price of Rs 1000, which translates into an upside of about 27 percent from current levels.
The company believes that the observations are not material in nature and we have already responded to the USFDA.
The company has fixed October 1 as record date for the same.
Traders can buy the stock around current levels and further add on dips around Rs 1340-1345 with a stop loss below Rs 1300 for the target of Rs 1490, says Abhishek Mondal of Guiness Securities.
Traders can buy the stock in the range of Rs 675-678 with a stop loss below Rs 630 for the target of Rs 740, says Abhishek Mondal of Guiness Securities.
Traders can sell the stock at current level and add shorts on some technical bounce around Rs 1355-1360 with a stop loss above Rs 1378 for target of Rs 1295 and Rs 1280, says Abhishek Mondal of Guiness Securities.
The work is scheduled to be started in the last quarter of this financial year.
Moradabad Bareilly Expressway will be paid a claim compensation of Rs 425 crore by NHAI for the losses suffered by it on account of the cost overrun for development of the project.
54 percent of industry AUM is controlled by top 5 players and 75 percent of industry AUM is controlled by top 10 players.