Skip to main content

Stock Market News - Raymond Jumps, Mindtree Falls, Rupee slips 34 paise

Raymond Jumps 12% To Four-Month High Shares of Raymond rose as much as 12 percent, the most in a month, to Rs 754.20, the highest since July July 5. The company spun off its branded lifestyle business into a separate entity as part of a restructuring plan. 

Raymond’s lifestyle business, which comprises branded textiles, branded apparel, and garments, would be separately listed on the bourses after the demerger, the textile maker said in an exchange filing.

Mindtree Falls After CFO Resigns Shares of Mindtree fell as much as 1.2 percent to Rs 698.70. The company’s Chief Financial Officer Pradip Kumar Menon has resigned, adding to the exodus of its top management since a hostile takeover by Larsen & Toubro Ltd. Menon would be pursuing career opportunities outside the company and would be relieved from services on Nov. 15, the company said in an exchange filing.


Reliance Home Finance Gains For Sixteenth Day Shares of Reliance Home Finance extended gains for the sixteenth consecutive trading session, the longest stretch of gains on record. The stock hit an upper circuit of 5 percent at Rs 6.30. The National Housing Bank has imposed a penalty of Rs 45,000 on the company for contravention of NHB Directions.

Rupee slips 34 paise Vs dollar in early trade -The Indian rupee declined in the early trade on November 8. It opened lower by 34 paise at 71.30 per dollar versus previous close 70.96.

Eicher Motors Q2 preview: Profit, revenue may fall over 10% - Eicher Motors is expected to see more than 10 percent fall YoY in the second quarter (July-September) profit and revenue, due to the weak performance of both Royal Enfield and commercial vehicle segments.
The stock has fallen more than 7 percent during the quarter as well as year-to-date but rallied 36 percent since September 20 when the government announced a cut in the corporate tax rate.

Oil Check - At 8:15 am, Brent Crude Futures were at $62.14 per barrel, down 0.22 percent from its previous close.

Yes Bank Rebounds After Large Trade  - Shares of Yes Bank swung form a fall of as much as 3.24 percent and rose as much as 4.74 percent to Rs 69.60. About 18.7 lakh shares of the Mumbai-based lender changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.


Market News | Bank Nifty | Rupee | Gold | Mindtree

Labels:

Comments

  1. Riya13 November 2019 at 17:57

    MMMFS STOCK FUTURE BUY GRASIM ABOVE 767.60 TGTS 769.50-771.50-773.50 SL AT 764.20 LS 750
    STOCK FUTURE BUY CALL OF GRASIM ALMOST ACHIEVED TGT2 BOOK MORE PROFIT @771.45
    Stock Future Tips

    ReplyDelete
  2. Dariya14 March 2020 at 18:44

    nice information thanks for sharing valuable content with us we also provide great information related to your blog feel free to visit our Forex market

    ReplyDelete
  3. Ady9 August 2020 at 16:10

    Thanks for sharing valuable information.
    TCOM
    debt
    EBITDA
    Share Market

    ReplyDelete

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 - Yellow metal hits fresh record high as Iran attacks US forces

On the MCX, gold contracts for February were trading higher by Rs 562, or 1.38 percent, at Rs 41,225 per 10 gram at 0920 hours. It hit a record high of 42,278 per 10 gm. India Gold February futures hit a fresh record high on January 8 tracking gains in international spot prices which surged past $1,600 an ounce mark after Iran fired rockets at Iraqi airbase which hosts US forces that triggered risk-off sentiment. Spot prices hit their highest since March 2013 at $1,610.90 earlier in the session. US gold futures rose 2 percent to $1,605.80. “The jump in the price of what’s viewed by investors as a safer asset in times of political and economic uncertainty came after Iran’s missile attack on US-led forces in Iraq early on Wednesday,” said a Reuters report. “The attack came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears of a wider conflict in the Middle-East,” it said. On the MCX, gold contracts for February were trading...
4 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