Market Buzz Today: Lakshmi Vilas Bank share price up 10%, GIC India down 10.70%
Global cues were positive as some Chinese factories slowly resumed operations. At 2:09 pm, the S&P BSE Sensex, was up 343.26 points or 0.84% at 41,322.88. The Nifty 50 index was up 111.60 points or 0.93% at 12,143.10.
Benchmark indices have held firm at a higher level in afternoon trade. Global cues were positive as some Chinese factories slowly resumed operations. At 2:09 pm, the S&P BSE Sensex, was up 343.26 points or 0.84% at 41,322.88. The Nifty 50 index was up 111.60 points or 0.93% at 12,143.10. Similarly, Bank Nifty was 309.75 points or 1% up at 31,367.90.
Here is the list of some stocks:
Lakshmi Vilas Bank: Up 10.00%. Gains For Fourth Day as it has submitted a list of potential investors to the RBI. The list included Singapore-based DBS Bank and Capri Global.
M&M: Down 0.86%. Global brokerage firm Credit Suisse gave an 'outperform' call on the stock with a target price at Rs 740.
JB Chemicals: Up 1.69%. Hit a record high after receiving Establishment Inspection Report from the USFDA for Panoli unit.
GAIL: Up 6.24%. The company posted better-than-expected numbers in the quarter ended in December 2019.
Marksans Pharma: Down 2.49%. Receives EIR from US FDA for New York unit: BSE filing. Inspection carried out between 5th and 18th December 2019.
Avenue Supermarts: Down 3.37%. The company in a regulatory filing said it issued and allotted 2 crore shares at an issue price of Rs 2,049, under a qualified institutional placement. The issue opened on February 5, 2020, and closed on February 10, 2020.
GMM Pfaudler: Up 11.01%. Hits record high, rallies 52% in 14 days post Q3 results.
Ircon International: Down 2.63%. Government plans to divest 10% stake via OFS in Ircon International.
Dredging Corp: Up 4.82%. Reports Rs 31 crore profit against Rs 10 crore in the third quarter. EBITDA increased from 23.4% to 33.2%.
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BUZZING
Maruti Suzuki at day's high, up 2.60%.
GIC of India: Down 10.70%. Declines For Second Day.
02:43 PM IST