Cipla Shares Rise 4.2% On Heavy Trading Volume

Cipla Shares Rise 4.2% On Heavy Trading Volume – Shares of the drugmaker rose 4.2 percent to Rs 579, the highest level since March 12. Trading volume was more than triple the 20-day average for this time of day. The stock is at an 11 percent discount to the analysts’ consensus …

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ICICI Bank Block Deal Alert

ICICI Bank Block Deal –  ICICI Bank has 12 lakh shares change hands in a block deal  Buyers and sellers were not immediately known.

Gruh Finance Gains After Announces Bonus Shares

Gold Silver Reports (GSR) – Gruh Finance Gains After Announces Bonus Shares – Shares of the lender rose as much as 6.5 percent after its fourth quarter net income beat analyst forecast. The company announced the issue of one bonus share for each held. The stock was the second-best performer on the S&P BSE 500 Index. Trading volume was 1.4 times its 3-month full-day average.                            

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UCO Bank Slumps As Ex-Chairman, Others Charged In Fraud

Gold Silver Reports (GSR) – UCO Bank Slumps As Ex-Chairman, Others Charged In Fraud — The stock plunged 18 percent intraday to lowest since August 2006 and was the worst performer on S&P BSE 500, NSE 500 and Nifty Smallcap gauges. The trading volume is 70.1 times the 20-day average …

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Infosys Falls After FY19 Margin View Lower Than Year Ago

Infosys Falls After FY19 Margin View Lower Than Year Ago — Shares of the country’s second-largest software services company declined as much as 6.2 percent, most intraday since Aug. 18, after the IT firm said it expects its operating margin in 22 to 24 percent range this year, lower than previous year’s 23 to 25 percent view.

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Stocks To Watch: Dilip Buildcon, Infosys, IL&FS Engineering, Lloyd Metals

Gold Silver Reports (GSR)  – The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, declined 0.3 percent to 10,472 as of 6:50 a.m. Asian stocks inched higher Monday, U.S. equity futures pared gains and the yen retraced losses as traders assessed the likelihood the fallout of an American-led strike on Syria could be contained.               

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Indian Equity Benchmarks came off Intraday Highs

Gold Silver Reports (GSR) – Indian equity benchmarks came off intraday highs as gains in TCS, Kotak Mahindra Bank and Hindalco were offset by losses in Bharat Petroleum, Axis Bank, State Bank of India and Indian Oil.

The S&P BSE Sensex rose 0.26 percent or 90 points to 34,192 and the NSE Nifty 50 index advanced 0.2 percent or 22 points 10,481.                                  

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Titan Eyes 10% Market Share In Jewelry Business; Shares Rise

Gold Silver Reports (GSR) – Titan Eyes 10% Market Share In Jewelry Business; Shares Rise – Shares of the jewellery and watch retailer rose as much as 1.6 percent to Rs 991.95 after the company in an exchange filing said that it aims for 10 percent market share in jewellery business.                    

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Heavy Volumes Stocks

Stocks Gaining On Heavy Volumes ✅ Rupa & Company: The Kolkata-based innerwear maker rose as much as 14.6 percent, the most in nearly seven months, to Rs 456.70. Trading volume was 46.6 times its 20-day average. ✅ Security & Intelligence Service: The Delhi-based private security services provider rose as much as 1.75 …

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