Skip to main content

Stock Market News - BHEL slips, Cox & Kings Hits, Sobha Drops

BHEL slips almost 1% - NMDC issues termination notice to BHEL on Rs 1,400-crore steel plant contract due to delay in project completion.


Tata Steel dips marginally - European arm's CEO Hans Fischer will step down, effective July 1.

Rupee Opens: The Indian rupee opened higher at 69.01 per dollar on Friday against previous close 69.06.

Block Deal Alert |

Bharti Airtel, Power Finance, UPL Bharti Airtel: About 12 lakh shares changed hands in a block deal. 
Power Finance: About 5.6 crore shares or 2.1 percent equity changed hands in a block deal. 
UPL: About 16 lakh shares changed hands in a block deal. 

NEWS ALERT | 

Glenmark Pharma gets US FDA nod for Ezetimibe & Simvastatin tablets. Ezetimibe is used to treat high blood cholesterol. Simvastatin is used to decrease elevated lipid levels

NCLT approves the merger of Excel Group and Sumitomo Chem. National Company Law Tribunal, Mumbai Bench, approved and sanctioned the scheme of amalgamation for the merger by absorption of Excel Crop Care with  Sumitomo Chemical India.

Rupee opening - Rupee opens stronger at 69.01/$ vs Thursday's close of 69.06 against US dollar

G20 Summit | PM Modi meets US President Donald Trump

- Both sides talked about concerns on trades

- PM Modi said it's important for the US and India to collaborate

STOCKS UPDATE - 

1 Sadbhav Engineering slips 1.5% in early trade

2  Lupin Pharma gains over 3% - The company gets USFDA tentative approval for a generic version of Myrbetriq tablets used to treat overactive bladder.

3  Heavyweight ICICI Bank trims gains on Sensex

4  Eros International Media slips 5%

5  Sadbhav Infra tumbles over 8%

Cox & Kings Hits -  Lower Circuit For Third Day Shares of Cox & Kings hit their lower circuit of 10 percent for the third consecutive trading session to trade at a record low at Rs 36.80. The company defaulted on payment of commercial papers worth Rs 150 crore, according to its stock exchange filing. 

Sobha Drops Over 7% - Shares of the Bengaluru-based real estate developers declined in today’s trade. This after the Karnataka government is contemplating a five-year ban on construction of multi-storeyed residential buildings in view of the acute water crisis, PTI reported quoting Deputy Chief Minister Dr. G Parameshwara. Shares of Sobha fell as much as 7 percent to Rs 507, while shares of Purvankara fell as much as 6 percent to Rs 69.40.

Corporation Bank Surges - On Heavy Volumes Shares of the state-run lender extended gains for the third consecutive trading session. The stock rose as much as 11.3 percent, the most in over four months, to Rs 26.50. Trading volume was almost 50 times its 20-day average. The scrip advanced 11 percent in the past five days and gained 1 percent in the past 30 days.


Market Updates | BHEL | Block Deal | G20 Summit | Rupee | TATA Steel | Cox & Kings
Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market News - Budget 2020 | Removal of exemptions in new tex regime to impact life insurers, MFs

A salaried professional opting for a lower rate of tax under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. Removal of tax exemptions under Section 80C in the new tax regime could be a dampener for life insurance products as well as equity-linked savings schemes (ELSS) of mutual funds. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman said a salaried professional opting for a lower tax rate under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. “The removal of 80C benefit may pose a risk to new business volumes of life insurance companies,” said Kotak Institutional Equities in a report. Life insurance Tax exemptions are an important incentive for purchase of life insurance. To be eligible for exemption under Section 80C, the sum assured has to be 10 times the annual premium. This is part of the Rs 1.5 lakh limit under ...
13 comments
Read more

Stock Market News - FDC share price at 52-week high on GMP certificate from UK health regulator

The certificate came after a recent inspection of the company's facilities in Goa. FDC  share price touched a 52-week high of Rs 222, rising more than 5 percent in the morning trade on January 3 after the company received the good manufacturing practice (GMP) certificate from the UK's health regulator. The UK's Medicines and Healthcare Products Regulatory Agency also continued with its approved status for the company's two facilities in Verna, Goa. The GMP certificate was issued after a recent inspection of the two plants. At 1018 hours, FDC was quoting at Rs 218.00, up Rs 7.30, or 3.46 percent. The share price has risen 30 percent in the last three months. GNFC share price down 2% after DoT seeks Rs 15K cr in telecom dues DoT sent the company a demand notice for Rs 15,019 crore, taking to Rs 3.13 lakh crore the amount it has sought from non-telecom companies following a Supreme Court ruling. The share price of  Gujarat Narmada Valley Fertili...
3 comments
Read more

Budget 2019 : LTCG Tax, GST, Home Loans, farmer income scheme needs to be focus

Budget 2018 was the last full-fledged budget presented by the government led by Narendra Modi. Long Term Capital Gains (LTCG) tax on profit earned from the sale of equity shares listed on a recognized stock exchange in India. The LTCG tax was re-introduced after a time gap of 14 years. The provisions were closely followed since they impacted the majority of taxpayers of the country. The tax was levied at the rate of 10 per cent (plus applicable surcharge and cess) while providing relief from gains accrued up to January 31, 2018, i.e., a mechanism was derived wherein the stock price as on 31 January 2018 was considered as the deemed cost, provided it is beneficial to the taxpayer. Following are some of the illustrative points: Treatment of compulsorily convertible instruments – The current provisions do not provide clarity on the cost to be adopted for the purpose of computation of capital gains in case of instruments that are compulsorily converted into equity sh...
1 comment
Read more