Skip to main content

Stock Market News - Yes, Bank Recovers, Tata Motors slips 2%

NEWS ALERT | KEC International bags order worth Rs 1,806 cr: BSE filing

Railways: The Railway business has secured orders of Rs. 1,303 crore in India: Orders for overhead electrification of railway lines and associated civil works
Construction of Road Over Bridges (ROBs), roadbeds, major and minor bridge

Transmission & Distribution: T&D business and SAE Towers have secured orders of Rs. 283 crore for T&D projects in India, East Asia Pacific and the Americas.

Civil: The Civil business has secured orders of Rs. 63 crore for civil and construction works in India.

Cables: The Cables business has secured orders of Rs. 157 crore for various types of cables/ cabling
projects.

Yes, Bank Recovers After 15% Drop Shares of Yes Bank fell 4.9 percent to Rs 63.30. The stock had declined as much as 14.9 percent, the most in over a month, during the opening trade. The company announced its September quarter results on Friday.


ICICI Securities on Avanti Feeds - We expect Avanti to report revenue and PAT CAGRs of 12% and 19.9%, respectively, over FY19-FY22 and also expect it's RoE to be stable over the same timeframe. We, therefore, maintain our BUY rating on the stock with a DCF-based target price of Rs 536 (implied P/E 17x Sept21E EPS).

Alkem Laboratories Swings After Regulatory Inspection Shares of Alkem Laboratories fluctuated between gains and losses to trade little changed at Rs 2,001.95. The company said that the U.S. FDA has closed its inspection at its manufacturing facility in Daman and Baddi. The regulator has issued an EIR for both plants in the month of August when the inspection took place. 

Tata Motors slips 2% on weak October sales data - Shares of Tata Motors slipped 2 percent in the early trade on November 4 on the back of weak sales numbers for the month of October 2019. On November 1, the company reported a 34 percent fall in its October 2019 sales (domestic & international market) at 41,354 vehicles.

Rupee Opens: The Indian rupee gained in the early trade on Monday. It has opened higher by 26 paise at 70.55 per dollar versus Friday's close 70.81.

Oil Check - At 8:05 am, Brent Crude Futures were at $61.36 per barrel mark.

Vodafone Idea rally for 3rd consecutive session; shares up 10% - Vodafone Idea rose more than 10 percent intraday and continued its upward journey for the third consecutive session on November 4 after the company management denied reports of exiting its India business.


Market News | Top Gainers | Yes Bank | Rupee | Gold | Bank Nifty


Comments

  1. MMMFS STOCK FUTURE CALL BUY AUROPHARMA ABOVE 470.25 TGTS 471.75-473.25-474.75 SL 468
    STOCK FUTURE UPDATE: FINAL TGT 474.75 ACHIEVED IN OUR AUROPHARMA BUY CALL.BOOK FULL PROFIT
    Stock Future Tips

    ReplyDelete
  2. 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

Post a comment

Popular posts from this blog

Stock Market News - Nestle Falls, Lupin gains, Laurus Labs Swings

Nestle Falls After Quarterly Results Announcement Shares of Nestle India fell as much as 1.5 percent to Rs 14,260 after the company announced September quarter results.

NEWS ALERT | Infosys looking to beef up whistleblower investigation: Report -- Infosys rules out insider trading
-- Co in talks with law firms JSA Law, Khaitan & Co for investigation
-- Appointment of one or both of the above-mentioned companies, in addition to Shardul Amarchand Mangaldas already appointed
TOP GAINERS & LOSERS - 
NTPC, YES Bank and Tata Motors are the top gainers while Sun Pharma, Infosys, and IndusInd Bank are the top losers. The most active stocks included Reliance Infra, Bank of Baroda and YES Bank.
Rupee Update: The Indian rupee opened lower by 8 paise at 71.36 per dollar on Monday versus Friday's close 71.28.
Lupin share price gains on USFDA approval - The share price of Lupin gained over 1 percent in early trade on November 11 after the company received United States Food and Drug Adminis…

Stock Market News - Telecom Operators Decline, Aurobindo Pharma extended decline

Telecom Operators Decline; Vodafone Idea Slumps 14% Shares of the telecom operators declined. That comes after the Department of Telecommunications has issued a notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, PTI reported quoting an industry source. 
As per DoT's estimate, the liability of Bharti Airtel Group is Rs 62,187.73 crore, Vodafone Idea Rs 54,183.9 crore and BSNL and MTNL Rs 10,675.18 crore, the report added.
Aurobindo Pharma At Over Five-Year Low Shares of Aurobindo Pharma extended declines for the fourth consecutive trading session. The stock fell as much a 9.1 percent, the most in over a month to Rs 394.30, the lowest since September 2014. 


The comes after the pharmaceutical company said that the U.S. FDA issued Form 483 with 14 observations after completion of an inspection of Unit IV of the drugmaker’s Hyderabad facility. Form 483 is used by the FDA to document and communicate concerns discovered during…

Stock Market News - Vodafone Idea falls, Lupin Gains, Power Grid Gains

Vodafone Idea falls 8% Shares of Vodafone Idea fell as much as 7.5 percent to Rs 3.70. Vodafone Group Plc’s Indian venture may be headed for liquidation unless the government eases off on demands for mobile spectrum fees, Bloomberg reported quoting the company’s Chief Executive Officer Nick Read.

Lupin Gains After Offloading Japanese Business Shares of Lupin rose as much as 3.1 percent to Rs 758.80. India’s fourth-largest drugmaker by market value informed the exchanges it has entered into a definitive agreement to sell 99.82 percent of its stake in Kyowa Pharmaceutical Industry Co. to Plutus Ltd., a subsidiary of the private equity firm Unison Capital Partners, at an enterprise value of 57,361 million Japanese yen—nearly Rs 3,702.4 crore. 
That, Lupin said, would generate a post-tax net cash inflow of Rs 2,103.9 crore.
Power Grid Gains After large Trade Shares of Power Grid rose as much as 1.4 percent to Rs 194.35. About 16.6 lakh shares of the company changed hands in a large trade, B…