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Stock Market News - Eris Lifesciences Gains, Ashoka Buildcon rises 12%

Eris Lifesciences Gains After large Trade Shares of Eris Lifesciences rose as much as 5.4 percent to Rs 437. About 38.2 lakh shares of the company changed hands in a large trade, Bloomberg data showed. 

Buyers and sellers were not known immediately. Of the shares traded 57 percent were at the asking price and 28 percent were at the bid, according to Bloomberg data. The stock was the second-best performer on NSE Nifty 500 Index.

Safari Industries Gains After Ashish Kacholia Buys Stake Shares of Safari Industries rose as much as 3.5 percent to Rs 574. Well-known investor Ashish Kacholia acquired 2.18 lakh shares or 0.98 percent equity at Rs 550 each. 

Besides, Saif India Holdings acquired 5.78 lakh shares or 2.59 percent equity at Rs 540 each. Meanwhile, Tano India Private Equity Fund sold 10.7 lakh shares.

Ashoka Buildcon rises 12% on LoA from NHAI: ​Ashoka Buildcon share price rose 12 percent on November 25 after the company received a Letter of Award (LoA) from NHAI for the project of 4 laning of NH-161 from Kandi to Ramsanpalle in the State of Telangana under Bharatmala Pariyojna on hybrid annuity model.


Bharti Infratel, Bharti Airtel, Titan, UltraTech Cement, Infosys, RIL, Vedanta, Tata Steel, and JSW Steel are among major gainers on the Indices, while losers are Zee Entertainment, ONGC, BPCL, and Tata Motors.
All the sectoral indices are trading higher led by the metal, infra and IT.

Rupee Opens: The Indian rupee opened marginally higher at 71.69 per dollar on Monday versus Friday's close 71.71 per dollar.

eClerx Services Surges On Heavy Volumes Shares of eClerx Services rose as much as 9.3 percent to Rs 9.3 percent. The stock had closed 19.7 percent higher on Friday. Trading volume was more than 150 times its 20-day average, Bloomberg data showed. 

The Relative Strength Index was above 70, indicating that the stock may be overbought. The stock advanced 23 percent in the past five days and advanced 19 percent in the past 30 days. The scrip traded at 10 times its estimated earnings per share for the coming year.

Oil Update - The prices were trading near two-month highs helped by expectations of an extension to OPEC+ production cuts. Brent crude futures firmed 19 cents to $63.58, while US crude rose 24 cents to $58.01 a barrel.

Sensex | Market News | Top Gainers | Rupee | Gold | Oil 


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