From the BSE Group A stocks, Dewan Housing Finance crashed 45 percent thereby hitting a new 52-week low in the afternoon trade
Moody's Investors Service on Thursday affirmed its ratings on the bank. The rating agency has maintained the outlook on the ratings as stable.
Research house Jefferies maintained buy on Graphite India with target of Rs 1415. It sees potential upside of 48 percent.
380 stocks have hit new 52-week low including names like Bank of Baroda, Canara Bank, Can Fin Homes, CESC, DHFL, EROS International, Hero MotoCorp, Vodafone Idea, Bharat Electronics, BGR Energy, Gammon Infra, Jet Airways and YES Bank among others.
Based on the company's own assessment and advice given by its legal counsels, company believes that it has a good case for succeeding in appeal and will accordingly file its appeal against the order.
Life Healthcare Group Holdings, South Africa, equal JV Partner in Max Healthcare Institute, has decided to sell its entire 49.70 percent equity stake held in Max Healthcare to Kohlberg Kravis Roberts & Co. LP.
Other finance companies Bajaj Finance, Bajaj Finserv and Shriram Transport Finance Corporation are also under pressure.
Nifty PSU bank is outperforming with the index up over 2 percent led by State Bank of India which jumped close to 3 percent followed by Bank of Baroda, Canara Bank and Oriental Bank of Commerce.
The board of directors of Yes Bank will now meet on September 25, 2018 to decide the future course of action.
The Bonds will be issued through its London branch as September 28, 2018 and shall be listed on Singapore Stock Exchange and lndia lnternational Exchange, GIFT City.
Cipla has received approval from US Food and Drug Administration for Palonosetron Hydrocholride injectable, which is available in strength of 0.25 mg/5ml.
United Spirits is down 4.5 percent intraday on Friday after its promoter company Diageo sees 175 million pound hit on sales in year to June on forex volatility.
The company has been declared lowest bidder (L-1) by the Madhya Pradesh, Metro Rail Co, Urban Administration and Development Department, Bhopal (MP) for a metro rail project in the state of Madhya Pradesh.
Inspection started across four premises of the airlines across Mumbai and Delhi.
The production from Chittoor plant will cater the needs of PP/HDPE moulding & fiber industries globally.
The breadth of the market favoured advances, with 1039 stocks advancing, 561 declining and 450 remaining unchanged. On BSE, 1180 stocks advanced, 633 declined and 93 remained unchanged.
At 0947 hours, the stock was quoting at Rs 507.7, up 3.65 perecnt from previous day’s close
Ashish Kacholia raised his stake in the company to 8.68 percent.
Rating agency Moody's retained Yes Bank's outlook at "stable".
SBI | ICICI Bank | Bajaj Hindusthan | Yes Bank | Max India and JMC Projects are stocks, which are in news today.
54 percent of industry AUM is controlled by top 5 players and 75 percent of industry AUM is controlled by top 10 players.
According to firm, company's capacity utilisation is likely to expand, also low cost advantage to continue for the company.
New plant setup and investment in existing plants are going to be supported by strong cash flow position.
The company has completed the acquisition of 51 percent equity stake in Creative Port Development.
It expect 16 percent revenue CAGR and steady 26 percent margin over FY18-21.