Gold Silver Reports (GSR) – Seven KEC International Employees Abducted In Afghanistan; Shares Fall – Shares of the Mumbai-based power transmission company fell as much as 3.7 percent to Rs 410.80. The company in a clarification to stock exchanges said that its seven employees which include six Indian citizens and one Afghan national have been abducted in Afghanistan.
Money Market
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PC Jeweller Share Price Surges On Preponing Meet To Discuss Share Buyback Proposal
PC Jeweller Share Price Surges On Preponing Meet To Discuss Share Buyback Proposal – Shares of the Delhi-based jewellery retailer rose for third straight day. – The stock surged as much as 35 percent to Rs 235.75 after it preponed board meet to discuss share buyback proposal on May 10 from May 25, PC Jeweller said in an exchange filing.
Gift to Family Helps Wipe $2.6 Billion Off PC Jeweller Share Price
Gold Silver Reports (GSR) – Gift to Family Helps Wipe $2.6 Billion Off PC Jeweller Share Price — PC Jeweller Ltd. slumped about 40 percent in the past week after the company said that one of its founders, P.C. Gupta, made the gifts in off-market trades. While the shares rebounded 44 percent Friday, they’re still down 70 percent from the Jan. 19 record and the company’s market value has shrunk to 68.9 billion rupees ($1 billion).
Radico Khaitan Stock Expects Double-Digit Revenue Growth In 2018-19
Gold Silver Reports (GSR) – Radico Khaitan Stock Expects Double-Digit Revenue Growth In 2018-19 – Alcohol maker and distributor – Radico Khaitan expects double-digit growth in its revenue during the current financial year, its Chief Financial Officer Dilip Banthiya told BloombergQuint in an interview.
Stocks in Asia Retreat After Fed
Gold Silver Reports (GSR) – Stocks in Asia Retreat After Fed — Asian stocks tracked U.S. shares lower after the Federal Reserve said inflation is close to its target, without indicating any need to waver from its path of gradually tightening monetary policy. The dollar declined.
Sical Logistics Stock Gains After WInning New Contract
Gold Silver Reports (GSR) – Sical Logistics Stock Gains After WInning New Contract – Shares of the Chennai-based logistics services firm rose as much as 6.6 percent to Rs 224. The company was awarded a letter of acceptance by Northern Coalfields for mechanical excavations for a contract price of Rs 1,345 crores for excavation of 145 million bank cubic metre over a period of 51 months, according to its stock exchange notification.
Biocon Stock Declines After FDA Issues Form 483
Gold Silver Reports (GSR) – Biocon Stock Declines After FDA Issues Form 483 – Shares of the Bengaluru-based pharma company fell as much as 4.5 percent, most in almost two months, to Rs 634.3. The U.S. drug regulator issued form 483 with seven observations after completing pre-approval inspection of the company’s sterile drug product manufacturing facility at Bengaluru this week, according to the company’s exchange filing. Observations are largely procedural and not critical, aiming at continuous improvement, it added.