Skip to main content

Stock Market News -L&T Top Gainer, Emami Falls After A Block Deal

L&T Top Gainer - On Sensex, Nifty After Order Win Shares of Larsen & Toubro rose as much as 1.5 percent to Rs 1,563.45. The stock was the top gainer on Sensex and Nifty. The company based an EPC order from SJVN Thermal to set up a 2x660 MW ultra-supercritical power plant in Buxar district, Bihar, according to its stock exchange filing. The order is valued at over Rs 7,000 crore as per the company’s order.


Emami Falls After A Block Deal -  Shares of Emami extended declines for the tenth consecutive trading session, their longest losing streak in over a year. The stock fell as much as 5.9 percent to trade at near a five-year low at Rs 272.10. About 3.27 crore shares or 7.2 percent equity of Emami changed hands in a block deal.

IndusInd Bank Gains On Promoters’-  Fund Raising Plans Shares of IndusInd Bank rose as much as 2.5 percent to Rs 1,485. The Hindujas will pump another Rs 2,700 crore into IndusInd Bank Ltd. through a warrant issue to ramp up the promoter holding after the merger of Bharat Financial Inclusion Ltd., a senior official from the private sector lender told PTI. The stock declined 8.2 percent so far this

SBI Life Gets Its Third-Most Bullish Price - Target Yet Shares of SBI Life Insurance is expected to touch Rs 850. That’s according to brokerage and research firm Morgan Stanley, which initiated coverage on the stock with an ‘Overweight’ rating. Shares of the life insurer rose as much as 1.3 percent to Rs 709 in today’s trade.

Market Live Updates - 

1. Piramal Enterprises gains 4%
2. Hero MotoCorp dips over 2%, the top loser in the Sensex pack
3. Glenmark Pharma slips nearly 4% in trade
4. GG Engineering slips over 13% in trade
5. CG Power rises 3% after Kanjurmarg land sale
6. Suzlon Energy trades over 10% higher
7. Hotel Leelaventure zooms over 14%

Rupee Opening: The Indian rupee opened at 69.60 against the US dollar on June 24, falling 5 paise compared to Friday's close of 69.55 a dollar.

TOP GAINERS & LOSERS - Yes Bank, IndusInd Bank, L&T, UPL, Bharti Airtel and Zee Entertainment are early gainers while Dr. Reddy's Labs, Tech Mahindra, Bharti Infratel, Reliance Industries, Hero Motocorp, Axis Bank, and Indiabulls Housing Finance were losers. Nifty Bank gained 0.3 percent. The nifty Midcap index was up 20 points. CG Power, Bandhan Bank, Balrampur Chini, Dhampur Sugar, and JMC Projects gained 1-8 percent. Reliance Capital, Sobha, Motherson Sumi, and Glenmark Pharma were under pressure.

IndiaMart Raises Money Via Anchor Book - A day before the issue opened, IndiaMart already raised more than Rs 213 crore from 15 anchor investors including ICICI Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, Birla Mutual Fund, Hornbill Capital Advisers LLP, etc.

Bandhan Bank is trading 2% higher - the National Company Law Tribunal (NCLT) has directed Bandhan Bank to convene a meeting of its equity shareholders to approve the proposed merger with Gruh Finance.

BHEL gains over 1% - It has won an order worth Rs 840 crore from an NTPC subsidiary for emission control equipment.

Lupin gains over 2% - As per news reports, Credit Suisse has upgraded the stock to outperform with the target price of Rs 860 per share.

L&T bags order from SJVN to set up a power plant in Bihar - Larsen & Toubro has won an order from SJVN's arm SJVN Thermal to set up a 2*660 megawatt power plant in Buxar, Bihar. 


Sensex | Market News | Block Deal | Stocks To Buy | Rupee | Crude Oil 


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