Commentary Financial News

Tata Power Company Ltd. 0.66 per cent to Rs 425.95 at 12:39PM (IST) in Wednesday's trade. The counter hit a high of Rs 432.00 and low of Rs 424.40 so far during the session. The stock had closed at Rs 428.80 in the previous session. The counter had a total traded volume of 12:39PM shares so far with a turnover of Rs 16.04 crore on BSE. The stock traded at a price-to-earnings multiple of 36.32 and a price-to-book ratio of 3.89.

PI Industries Ltd. 1.86 per cent to Rs 4217.00 at 12:44PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 4219.60 and low of Rs 4098.20 so far during the session. The stock had closed at Rs 4139.60 in the previous session. The counter has had a total traded volume of 2587 shares so far with a value of Rs 1.07 crore on the NSE. It traded at a price-to-earnings multiple of 35.25 and a price-to-book ratio of 6.74.

HEG and Graphite India, surged 14.2% and 7.5% respectively on Wednesday following China’s decision to implement a stricter review process for graphite exports to the U.S. This move raised expectations that the restrictions could increase demand for Indian graphite producers. HEG’s shares jumped 14.2% to a four-year high of Rs 569.70 on the BSE, while Graphite India rose 7.5% to Rs 613.05.

Punjab National Bank 0.88 per cent to Rs 108.90 in Wednesday's trade as of 11:53AM (IST). The stock hit a high price of Rs 109.00 and low of Rs 107.80 during the session.

Cholamandalam Investment & Finance Company Ltd. rose 0.75 per cent to Rs 1264.40 in Wednesday's trade. It hit an intraday high of Rs 1275.00 and low of Rs 1256.05, respectively, during the day. The stock quoted a 52-week high price of Rs 1650.00 and low of Rs 1011.50.

Bank of India (RBI) likely sold dollars to cap weakness in the local currency, traders said. Along with the dollar's rally, the Chinese yuan also weakened to counter the trade tariffs effect, adding pressure on the local currency. Analysts expect the pressure on rupee to continue during December and January, as inflows from foreign portfolio investors are not expected at least till January.

Shares of Natco Pharma Ltd.(up 2.88 per cent), Biocon Ltd.(up 2.8 per cent), Gland Pharma Ltd.(up 2.43 per cent), Mankind Pharma Ltd.(up 2.16 per cent) and Granules India Ltd.(up 1.84 per cent) ended the day as top gainers in the pack.

Indian Hotels Company Ltd. rose 0.05 per cent to Rs 793.15 in Monday's trade. It hit an intraday high of Rs 801.55 and low of Rs 790.35, respectively, during the day. The stock quoted a 52-week high price of Rs 814.65 and low of Rs 416.15.

Mayuresh Joshi, Head Equity, Marketsmith India, says valuations of IT stocks may be expensive but they continue holding a few stocks like Coforge, Infosys, Persistent in their global portfolios. Also, within the Adani group, Adani Ports is one stock that investors can keep on the watch list. The IT sector is taking quite a bit of beating today. Infosys is down 3.5%. L&T Tech is down over 3%. HCL Tech, Tech Mahindra have run up quite a bit in the last three to four months, but what is the expectation from hereon on IT? Mayuresh Joshi: Two things are happening here. One, from a results perspective, a large part of the midcap IT basket has performed really well. So, even on a higher base, the expectation in terms of how revenue growth will be in constant currency terms was very stable. The margins were very stable and the commentaries were surprisingly very robust over the next few months and quarters as well.

Benchmark NSE Nifty closed 360.75 points down at 23914.15 amid selling in frontline bluechip counters.

Indian Hotels Company Ltd. rose 1.19 per cent to Rs 779.25 in Thursday's trade. It hit an intraday high of Rs 792.00 and low of Rs 775.20, respectively, during the day. The stock quoted a 52-week high price of Rs 814.65 and low of Rs 416.15.

Bandhan Bank Ltd. traded 0.46 per cent at Rs 172.10 at 10:55AM (IST) on Thursday, even as BSE benchmark Sensex 655.83 points to 79578.25. The scrip had settled at Rs 171.30 in the previous session. The stock quoted a 52-week high price of Rs 263.15 and 52-week low of Rs 163.00, respectively. As per BSE data, total traded volume on the counter till 10:55AM (IST) stood at 134837 shares with a turnover of Rs 2.33 crore.

Domestic benchmark index NSE Nifty fell 196.81 points to 24078.1, while the BSE Sensex traded 689.69 points down at 79544.39.

Sebi scrutiny, the IPO of C2C Advanced Systems received robust response from investors with a subscription of over 100 times. The company is likely to finalise the allotment on November 29. To check the status of C2C Advanced Systems IPO allotment through the registrar, which is Link Intime India in this case, kindly follow the below steps.

Bank of Baroda 0.24 per cent to Rs 248.00 in Wednesday's trade as of 01:42PM (IST). The stock hit a high price of Rs 249.75 and low of Rs 244.65 during the session. The return on equity (ROE) for the stock stood at 15.67 per cent. Traded volume on the counter stood at 01:42PM shares and turnover at Rs 6.59 crore around that time. The stock of Bank of Baroda quoted a 52-week high price of Rs 298.45 and 52-week low prices of Rs 193.00, respectively.

Lupin Ltd. 0.66 per cent to Rs 2022.05 in Wednesday's trade as of 11:47AM (IST). The stock hit a high price of Rs 2040.00 and low of Rs 2012.95 during the session.

Subscribe to enjoy similar stories. As expected in the previous day's market commentary, the Indian benchmark index Nifty50 opened with a strong gap-up, taking cues from the Maharashtra state election and positive global sentiment. The index opened 346-point higher at 24,253, registered an intraday high at 24,351, and closed at 24,222.

Au Small Finance Bank Ltd. 0.24 per cent to Rs 597.25 in Monday's trade as of 12:52PM (IST). The stock hit a high price of Rs 604.85 and low of Rs 596.50 during the session. The return on equity (ROE) for the stock stood at 12.28 per cent. Traded volume on the counter stood at 12:52PM shares and turnover at Rs 1.42 crore around that time. The stock of Au Small Finance Bank Ltd. quoted a 52-week high price of Rs 813.00 and 52-week low prices of Rs 554.00, respectively.

Bandhan Bank Ltd. 1.47 per cent to Rs 172.50 in Monday's trade as of 11:36AM (IST). The stock hit a high price of Rs 174.75 and low of Rs 172.45 during the session.

Bank of Baroda traded 4.4 per cent at Rs 246.50 at 10:10AM (IST) on Monday, even as BSE benchmark Sensex 1137.65 points to 80254.76. The stock had settled at Rs 236.10 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 298.45 and Rs 192.70, respectively.

PFC, Happiest Minds and NALCO among a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.