The stock price took this development with positive sentiment. As per the last reported order balance status of the company, there was a decline of more than 50 per cent YoY in new order bookings, for the first quarter.

As per the press release on the stock exchanges, the bid for the project stands at the cost of Rs 1,905 crore. The stated project will have a completion period target of 24 months and its operational period will be 15 years from the date of completion.

SBI Cards is a credit-card division of the banking major State Bank of India. The shares took a negative turn after the company reported a sharp rise in its NPA’s. As per investor presentation, its ratio of stressed loan accounts stood over 16.5 per cent in the September quarter.

The amount of dividends is quite significant as this has come on the back of the expectation of a weak business environment. The record date published by the company is November 6, 2020.

The company has consistently reported strong business inflows over the past two quarters. At the end of the first quarter of the current fiscal, it reported its consolidated order book at Rs 305100 crore.

The multiplex operator, Inox Leisure on Friday informed that the company has begun the process of reopening its facilities in ten states of India. The list includes West Bengal, Gujarat, Karnataka, Uttar Pradesh, Assam, Andhra Pradesh, Haryana, Madhya Pradesh, Delhi, and Goa.

Including this approval, the final count of approvals of the company stands at 305 while so far, it has filed over 390 ANDAs.

The stated project is supposed to be commissioned within 15 months from the date of execution. As per the recent data from the company, the cumulative capacity under development in Gujarat would now stand at 620 MW after the completion of this project.

The standout highlights for the company in the first quarter were positive and it was able to grow booking value YoY by over 70 per cent to Rs 1,531 crore, through the sales of 2,130 homes, with a total area of 2.51 million square feet.

Overall, business sentiment in the manufacturing sector, which is reflected by the business assessment index (BAI), surged from a record low at 55.3 in Q1 to 96.2 in Q2, (but still remains in the contraction zone).

As per the announcement, all individual housing loans shall have a risk weight of 35 per cent, if their loan-to-value ratio is at 80 per cent or lower. The term, loan-to-value ratio, means the percentage of the amount financed when compared to the value of the property.

The closest peers such as Rajesh Exports and Asian Star Company saw laggard stock price performance. Both the scrips are trading at a discount of more than 40 per cent from their 52-week high.