DSIJ Mindshare

The stock price took a lot of beating after the cancelation of the buy back proposal. Stock price traded at Rs. 633 when it first informed about the buyback. It corrected 15 per cent to Rs. 540 in August 2019.

We have listed down top five companies in which promoters have increased their stake and top five companies in which promoters have decreased their stake in the quarter ended September 30, 2019.

After a high-five by the bulls on Thursday, there seems to be a clear fatigue has set in as the indications by SGX Nifty in early deals suggest that the market may open with a modest decline today since it is trading 26 points lower at 11,580 levels.

There are two major roadblocks for the index which are placed at 11,620 level which is a critical sloping trend line resistance followed by the prior pivot which is placed at 11,695 level. If these levels are cleared then the next target is placed at 11790. Stocks in news: Cipla, LTI, NOCIL, Indiabulls Housing Finance, SEAMEC.

Alicon Castalloy Limited has won multi-year contracts worth Rs 810 crore with two leading global automakers and two Tier 1 Global Suppliers. These contracts are spread over a period of 5 years with supplies commencing in stages between June 2020 and December 2021.