Stock In Action
At 8:06 am, SGX Nifty index gained 16 points to 8,892, indicating a positive start for Indian equities.
Coal imports by India declined 22% in January 2017 to 14.31 million tonnes from 18.28 million tonnes in January last year. The drop in imports was mainly due to drop in demand from state distribution companies (discoms) as they were saddled with oversupplies.
Tata Consultancy Services (TCS) has approved buyback of up to 5.6 crore equity shares at a price of Rs 2850. The company’s aggregate amount for the buyback will not exceed Rs 16,000 crore.
The stocks which could witness significant movement on February 21 are TVS Motor Company, Siemens, Intellect Design Arena, Rural Electrification Corporation, Castrol India/ ITD Cementation India.
In a significant development on the very first day of the week, Lloyd Electric & Engineering sold its consumer durable business to Havells India at Rs 1550 crore.
Indian markets started the week on a positive note. Both stock exchanges were able to surge more than half a per cent in Monday’s trading session.
The positive news of asset optimisation enthused traders and investors and the company's stock gained as much as 9.95 per cent and touched 52-week high in intra-day trade to Rs 102.20 on the Bombay Stock Exchange.
Following stocks are close to their 52-week low as at 1.01 p.m. on February 20.
The company’s share is currently trading at Rs. 293.1, up by 19.35 points or 7.07 per cent from the previous close of Rs 273.75.
Marksans Pharma has been steadily trading in green on Monday's trading session owing to successful completion of its manufacturing plant inspection.
Get the post-market reports and breakfast news right in your inbox. See latest »