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Stock Market News - Lupin slips 5% ,Manpasand sinks, NTPC gains

Lupin slips 5%  - Lupin shares slipped 5 percent to Rs 722 in early morning trade on the BSE after the US health regulator classified the inspection of the company's Goa facility as Official Action Indicated (OAI). The stock was trading close to its 52-week low of Rs 720, touched on March 28, 2019, in intra-day deal. 

Manpasand Beverages Hits Lower Circuit Of 20%-  Shares of the beverage manufacturer hit the lower circuit of 20% at Rs 88.10. The Central GST and Customs office arrested Managing Director Abhishek Singh, his brother Harshvardhan Singh and the company's Chief Financial Officer Paresh Thakkar after conducting an investigation, according to a statement by the agency.

NTPC, Yes Bank, HDFC, Britannia, Sun Pharma, are among major gainers on the indices, while losers are JSW Steel, Manpasand Beverages, Jet Airways, BPCL, Zee Entertainment, Grasim, Kotak Mahindra Bank, Tech Mahindra, RIL, Adani Port, Bajaj Finserv and IndusInd Bank. Among sectors, auto, energy, and pharma are trading lower, while buying seen in the metal, infra, and FMCG.

Rupee Opens: The Indian rupee opened higher by 11 paise at 69.41 per dollar on Monday versus Friday's close 69.52.

NTPC gains over 3% - State-run power giant NTPC on Saturday posted a 48.7 percent jump in its standalone net profit at Rs 4,350.32 crore for the March quarter compared to the year-ago period mainly on the back of lower expenses.

Page Industries slips over 9% after rating downgrade - According to news reports, Credit Suisse has downgraded the stock to underperform after disappointing March quarter results.

Music Broadcast Gains-  After Terminating Acquisition Plans Shares of the Radio City operator in India rose as much as 2.1 percent to Rs 59.10. The company terminated its Business Transfer Agreement to acquire radio business of Ananda Offset’s ‘Friends 91.9 FM’ on account of the uncertainty of receipt of regulatory approval.

Share Market | Sensex |Nifty | Manpasand Beverages | Lupin Shares | NTPC 
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