Market News- Eicher Motors, Bharti Airtel gains, Cyient Falls

Eicher Motors, Bharti Airtel top gainers - Eicher Motors shares gained by more than 2% to hit the day’s high at Rs 20,617.35, Eicher Motors Gains After Dasari Joins As CEO Shares of the Royal-Enfield maker snapped its four-day decline and rose as much as 5.7 per cent to Rs 21,191.05. Vinod Dasari joined the company as the CEO of Royal Enfield, according to a company filing, while Bharti Airtel shares zoomed by more than 2% to Rs 347.10 on BSE.

The major gainers are Eicher Motors, Dr Reddys Lab, TCS, Infosys, Titan, Maruti Suzuki, Asian Paints while losers include Zee Entertainment, BPCL, Kotak Mahindra and HCL Tech. Among the sectors, IT, Infra, FMCG, energy are trading higher, while some selling seen in the metal and banking stocks.

Rupee opening - Rupee opens weaker at 69.27/$ vs Friday's close of 69.15 against the US dollar

Cyient Falls - The Most In Over Two Months After Weak Q4 Revenue Forecast Shares of Cyient fell as much as 6.7 per cent the most since Jan. 18, 2019, to Rs 606.20. The company expects a material decline in design led manufacturing revenue, as a large order delivery of $5 million has been delayed due to delay in regulatory clearances at the customer end, according to its stock exchange filing.

Godrej Properties Jump - After Selling Over 2,900 Homes In Q4 Shares of Godrej Properties extended gains for the second consecutive trading session and rose as much as 7.4 per cent to Rs 875. The real estate developer said that it has achieved its highest ever bookings after the company sold over 2,900 homes with a total area of 3.75 million square feet and booking value in excess of Rs 2,100 crore.

Endurance Technologies Gains - After Receiving Bullish Coverage By Macquarie Shares of Endurance Technologies rose as much as 1.6 per cent to Rs 1,169.70. Brokerage and research firm Macquarie initiated coverage on the stock with an ‘Outperform’ rating and a price target of Rs 1,400, implying a potential upside of 21.6 per cent form the current market price.

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