Trade Financial News

Cummins India Ltd. 0.28 per cent to Rs 3361.60 in Tuesday's session as of 12:43PM (IST) even as the equity benchmark Sensex traded 1007.18 points at 78346.19. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4169.50 and a 52-week low of Rs 1817.70 on NSE. Around 15165 shares changed hands on the counter till 12:43PM (IST).

Ashok Leyland Ltd. traded 1.08 per cent in Tuesday's session at 12:33PM (IST). The stock opened at Rs 217.85 and has touched an intraday high and low of Rs 223.35 and Rs 216.40, respectively, during the session so far. The stock quoted a 52-week high of Rs 264.70 and a 52-week low of 157.65. About 228,794 shares changed hands on the counter so far.

Ambuja Cements Ltd. traded 0.89 per cent in Tuesday's trade at 12:23PM (IST). Around 30,746 shares changed hands on the counter. The scrip opened at Rs 550.05 and touched an intraday high and low of Rs 560.00 and Rs 550.05, respectively, in the session so far. Shares of the company of Ambuja Cements Ltd. quoted a 52-week high of Rs 706.85 and a 52-week low of Rs 408.60.

Instagram is experiencing technical glitches across the globe, with many netizens moving to X (formerly known as Twitter) to complain about the app not working.In a post on X, one user simply wrote: “Instagram stops working #instagramdown" with a meme attached.Also Read | THIS Royal family is 4x richer than Elon Musk and Bill Gates combined… its not the British monarchy Also Read | Donald Trump nominates Sean Duffy as Transportation Secretary — Who is he?Tracking site Downdetector has noted over 740 user complaints about the app being affected since 10.34 am today (November 19).It also reported that around 40 per cent of users experienced server issues, 41 per cent had login issues, 14 per cent saw their feeds interrupted.There is no official statement on the glitch from Instagram or parent company Meta Platforms yet.Also Read | Delhi police arrest Chinese national in ₹100 crore online stock trading cyber fraud caseLast month too, thousands of Instagram users flagged an outage. People were unable to send or receive direct messages on October 29, according to data available on Downdetector.

Domestic benchmark index NSE Nifty gained 257.61 points to 23711.4, while the BSE Sensex traded 884.94 points up at 78223.95.

MphasiS Ltd. 2.62 per cent to Rs 2831.25 at 10:41AM (IST) in Tuesday's trade. The stock has hit a high of Rs 2844.00 and low of Rs 2755.00 so far during the session. The stock had closed at Rs 2758.80 in the previous session. The counter has had a total traded volume of 3112 shares so far with a value of Rs 0.88 crore on the NSE. It traded at a price-to-earnings multiple of 33.58 and a price-to-book ratio of 5.13.

PG Electroplast today rallied 15% to their new 52-week high of Rs 718.35 on the BSE after the company’s wholly-owned subsidiary PG Technoplast has signed an agreement with Spiro Mobility for an exclusive partnership for manufacturing Spiro’s EV in India. “PG Electroplast Ltd. (PGEL), one of the pioneers and leaders in Electronic Manufacturing Services and Plastic Molding, through its wholly owned subsidiary, PG Technoplast Pvt. Ltd., has signed a Definitive Agreement with Spiro Mobility to become an Exclusive Manufacturing partner for manufacturing of the EVs of Spiro Mobility (Spiro) in India,” said the company in a filing to the exchanges.

The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank, the source said.

The NSE Nifty index was trading 271.96 points up at 23725.75, while BSE Sensex was 863.73 points at 78202.74 at the time of writing this report.

Canara Bank 2.44 per cent to Rs 100.50 in Tuesday's trade as of 10:45AM (IST). The stock hit a high price of Rs 101.25 and low of Rs 98.70 during the session. The return on equity (ROE) for the stock stood at 18.4 per cent. Traded volume on the counter stood at 10:45AM shares and turnover at Rs 2.22 crore around that time. The stock of Canara Bank quoted a 52-week high price of Rs 129.35 and 52-week low prices of Rs 77.84, respectively.

Granules India Ltd.(up 3.96 per cent), Natco Pharma Ltd.(up 2.04 per cent), Dr. Reddy's Laboratories Ltd.(up 1.93 per cent), Divi's Laboratories Ltd.(up 1.63 per cent) and Biocon Ltd.(up 1.59 per cent) were among the top gainers.

ProfitMart has a buy call on Aartech Solonics with a target price of Rs 110. The current market price of Aartech Solonics is Rs 66.03. The time period given by the analyst is 12-18 months for Aartech Solonics price to reach the defined target. The company, incorporated in 1982, is a Small Cap company with a market cap of Rs 214.93 crore, operating in Industrial Equipment sector. Aartech Solonics' key products/revenue segments include Electrical Machines and Sale of services for the year ending 31-Mar-2024.

Honasa Consumer, the parent company of Mamaearth, extended losses for the second consecutive session, falling 34% over two days to their 52-week low of Rs 242.60 on the BSE, after the company’s Q2 results disappointed the Street. Mamaearth shares fell by 18% in Tuesday's session, following a 20% decline in yesterday's trade.

Singapore’s red-hot leasing market for private housing finally began to cool this year as supply of new apartments got the better of post-pandemic demand. Although the outlook for 2025 is still unclear, the dice seem to be loaded in favor of tenants. While landlords will fight tooth and nail to pass the burden of property taxes and interest rates when contracts come up for renewal, global banks, tech firms, and other multinationals may be cautious about how many more employees they bring into the city-state. As a major Asian financial center, Singapore is highly exposed to the current uncertainty in the global economy. The post-election euphoria around President-elect Donald Trump’s economic agenda of deregulation and tax cuts is starting to wane. Higher-for-longer borrowing costs are emerging as a real risk. After jumping nearly 60% in three years, the island-wide rental index has softened by 4% over the last four quarters. The decline would have been somewhat sharper had it not been for a small bounce in the three months to September.

On the BSE, Bhartia Bachat(down 10.77 per cent), Maximus Intl.(down 9.99 per cent), Medico Remedies(down 9.99 per cent), Stellar Capital Svcs(down 9.75 per cent) and Honasa Consumer(down 9.73 per cent) were among the stocks that plunged over 5 per cent during the session.

REC Ltd. traded 3.77 per cent up at Rs 520.00 at around 10:19AM (IST) on Tuesday. The stock had closed at Rs 501.10 in the previous session. Equity benchmark Sensex traded 761.46 points at 78100.47 around the same time.

Axis Securities has a buy call on Ambuja Cements with a target price of Rs 601. The current market price of Ambuja Cements is Rs 548.55. Ambuja Cements, incorporated in 1981, is a Large Cap company with a market cap of Rs 134708.22 crore, operating in the Cement sector. Ambuja Cements' key products/revenue segments include Cement, Other Operating Revenue and Scrap for the year ending 31-Dec-2021.

Stocks that rallied over 10% included, Laffans Petro(14.13%), Multibase India(13.44%), Indag Rubber(11.75%), Udayshivakumar Infra(11.72%), Atam Valves(11.52%), PG Electroplast(10.82%), Darshan Orna(10.32%) and Keerthi Ind(10.22%).

Around 29 stocks in the smallcap space gained 25% or more at a time when the BSE smallcap index has fallen nearly 14% from its peak. JSW Holdings saw a multibagger surge of 118%, followed by Nalwa Sons Investments, whose shares rallied 70% during this period.

Tube Investments of India Ltd. 2.74 per cent to Rs 3529.55 in Tuesday's trade. It hit a high of Rs 3584.35 and low of Rs 3417.70 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3932.42, while the 50-DMA was at Rs 4156.31. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

The NSE Nifty index traded 237.71 points up at 23691.5, while BSE Sensex was 788.26 points at 78127.27 as of 10:03AM(IST)on November 19.