Monday, 26 June 2023

mandot securities

 

Sensex Today LIVE Updates: Nifty above 18,700; Lupin hits 52-week high on likely demerger of API biz

Sensex Today | Market LIVE Updates: Hindustan Aeronautics, Reliance Industries, HDFC Bank, Adani Enterprises and Mazagon Dock are among the most active shares on the NSE. All the sectoral indices are trading in the green, with realty index up 1 percent, auto, metal, PSU Bank and pharma up 0.5 percent each. BSE Midcap and Smallcap indices are also trading in the green.


IndexPricesChangeChange%
Sensex63,102.74132.74 +0.21%
Nifty 5018,731.6540.45 +0.22%
Nifty Bank43,717.5076.45 +0.18%
NIFTY 50 18,735.45  44.25 (0.24%)
TUE, JUN 27, 2023







Biggest GainerPricesChangeChange%
HDFC Life644.9514.70 +2.33%
Biggest LoserPricesChangeChange%
IndusInd Bank1,302.10-12.95 -0.98%
Best SectorPricesChangeChange%
Nifty Metal6138.8555.75 +0.92%
Worst SectorPricesChangeChange%
Nifty FMCG51658.3023.30
 +0.05%


















Stock Market Live Updates | Tech Mahindra to divest stake in SARL Djazatech

Tech Mahindra was trading flat on June 27 morning after the company said its step-down subsidiary, LCC France SARL, had approved a proposal to divest its 49 percent stake in SARL Djazatech along with its wholly owned subsidiary EURL LCCUK Algerie.

The stake sale is expected to be completed by July 10, 2023.

Earlier this month, the tech company’s subsidiary Comviva Technologies Limited and its step down subsidiary, Comviva Technologies BV, agreed to sell 0.04 percent and 99.96 percent shareholding in Comviva Technologies do Brasil Indústria and Comércio, Importação e Exportação Ltda on or before August 31, 2023.

Share Market Live Updates | HBL Power Systems shares gain on winning contract from Ashoka Buildcon worth Rs 135 crore

HBL Power Systems has entered into a contract with Ashoka Buildcon Ltd (ABL) for supply of the Kavach part of an EPC contract won by ABL in September 2022.

The ABL contract with East Central Railway, is for Rs 220 crores (including GST at 18%) for deploying Kavach and OFC network over 417 km and 60 locomotives, between Pradhankhunta in Jharkhand and Deen Dayal Upadhyay station in Uttar Pradesh.

The ABL contract with HBL is for Rs 135 crores (including GST of 18 %). This includes the supply and commissioning of all equipment involved in the Kavach system requiring RDSO approval.

Sensex Live Updates | Market at 10 AM

The Sensex was up 131.83 points or 0.21% at 63,101.83, and the Nifty was up 40.50 points or 0.22% at 18,731.70. About 2063 shares advanced, 819 shares declined, and 118 shares unchanged.

NIFTY 50 Top Stock Gainers (Intra-day)
CompanyCMPChg(%)Volume
HDFC Life647.502.743.32m
Apollo Hospital5,117.101.59147.07k
Divis Labs3,581.951.35108.88k
Bajaj Auto4,666.751.3113.26k
Tata Steel111.101.146.18m
M&M1,412.901.09914.72k
ONGC158.400.963.47m
BPCL361.650.93590.83k
JSW Steel755.700.92543.47k
Tata Motors572.700.852.50m
,
NIFTY 50 Top Stock Losers (Intra-day)
CompanyCMPChg(%)Volume
IndusInd Bank1,300.45-1.11489.21k
Cipla1,011.45-1.02345.21k
Titan Company2,947.45-0.85195.25k
UPL675.50-0.54588.34k
SBI Life Insura1,260.05-0.5287.42k
Sun Pharma990.65-0.43649.60k
ICICI Bank923.90-0.381.93m
Britannia4,990.65-0.3737.31k
Dr Reddys Labs5,024.70-0.34107.99k
Maruti Suzuki9,441.00-0.3185.47k

Share Market Live Updates | BSE Realty index up 1 percent led by Macrotech Developers, DLF, Mahindra Lifespace

BSE REALTY Top Stock Gainers (Intra-day)
CompanyCMPChg(%)Volume
Macrotech Dev667.553.3829.13k
DLF485.501.7620.57k
Mahindra Life459.101.711.11k
Phoenix Mills1,548.001.36536
Oberoi Realty989.850.792.69k
Sobha527.900.7810.00k
Godrej Prop1,546.000.734.60k
Indiabulls Real59.080.19167.12k

Stock Market Live Updates | Lupin gains on buzz of API business demerger

Shares of Lupin rose marginally in early trade on June 27 after Moneycontrol reported said that the pharma company was considering a demerger of its active pharmaceutical ingredients (API) business.

"Lupin is planning to carve out its API vertical in a bid to unlock value. It remains to be seen if a potential listing or a stake sale of the separated entity is explored at a later stage," a source told Moneycontrol.

Another source also confirmed the development but also said that even though talks of a demerger were being pursued, the eventual transaction might or might not fructify.

 

 Shares of Lupin rose marginally in early trade on June 27 after Moneycontrol reported said that the pharma company was considering a demerger of its active pharmaceutical ingredients (API) business. 

 "Lupin is planning to carve out its API vertical in a bid to unlock value. It remains to be seen if a potential listing or a stake sale of the separated entity is explored at a later stage," a source told Moneycontrol. 

 Another source also confirmed the development but also said that even though talks of a demerger were being pursued, the eventual transaction might or might not fructify.



SOURCE - MONNEY CONTROL

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