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1-min read

Yes Bank, Indiabulls Housing, Kaveri Seed, Among Key Stocks in Focus Today

Yes Bank Ltd shares rose 1.2%, while those of Reliance Nippon Asset Management gained 2.3% after Rana Kapoor-controlled Morgan Credits paid Rs 792 crore to RNAM.

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Updated:September 25, 2019, 11:19 AM IST
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Yes Bank, Indiabulls Housing, Kaveri Seed, Among Key Stocks in Focus Today
Image for representation. (Photo: Reuters)

Snapping a three-day winning streak, Indian stock markets took a breather on Wednesday on weak Asian cues as push for the impeachment of US President Donald Trump spooked investors globally. At 10:29 am, the S&P BSE Sensex was down 400 points, or 1.02%, to 38,697.34, while the Nifty 50 index fell 112.45 points, or 0.97%, to 11,475.75. Kaveri Seed, Morepen Labs, Indiabulls Housing Finance, Yes Bank, RNAM and SpiceJet were among the key stocks in news today. Read on to know more:

Kaveri Seed: Kaveri Seed Co. Ltd shares jumped 5% after the board of directors, at a meeting held on 24 September, approved the proposal for buyback at Rs 700 per share.

Morepen Labs: Morepen Laboratories Ltd shares plunged over 17% after Sebi prohibited the company from accessing security market for one year.

Yes Bank, RNAM: Yes Bank Ltd shares rose 1.2%, while those of Reliance Nippon Asset Management gained 2.3% after Rana Kapoor-controlled Morgan Credits paid Rs 792 crore to RNAM.

Indiabulls Housing Finance: Indiabulls Housing Finance Ltd shares dropped 3.6% after CARE revised the company’s long-term rating from “CARE AAA” to “CARE AA+”, rating of perpetual debt programme from “CARE AA+” to “CARE AA”, and reaffirmed short-term rating at “CARE A1+”.

Aurobindo Pharma: Aurobindo Pharma Ltd shares fell 2% after market regulator Securities and Exchange Board of India (Sebi) passed adjudication order against the company and promoters.

Bodal Chemicals: Bodal Chemicals Ltd shares rose 2.2% after the company informed that Bodal Bangla has been incorporated in Dhaka, Bangladesh, as a subsidiary company.

SpiceJet: SpiceJet Ltd shares jumped 3% after a media report said that the airline is weighing an order for at least 100 Airbus planes as Boeing Co. grapples with the fallout over its grounded 737 Max.

Titan: Titan Co. Ltd shares were trading up 1.7% after HSBC upgraded the company to ‘buy’ with a target price of Rs 1,450 apiece.

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Company Price Change %Gain
Yes Bank 51.40 8.44
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Indiabulls Hsg 231.20 16.80
Zee Entertain 250.20 -5.39
Maruti Suzuki 7,302.30 2.50
Company Price Change %Gain
HDFC AMC 2,882.20 6.11
Yes Bank 51.40 8.44
Indiabulls Hsg 231.50 17.42
Reliance 1,415.30 1.37
IRCTC 779.20 7.57
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Company Price Change %Gain
Yes Bank 51.40 8.44
Coal India 205.95 3.28
Adani Ports 421.70 3.07
Grasim 746.50 3.03
Maruti Suzuki 7,302.30 2.50
Company Price Change %Gain
Yes Bank 51.40 8.44
Coal India 205.95 3.31
Maruti Suzuki 7,318.15 2.74
Power Grid Corp 202.55 2.45
NTPC 121.00 2.02
Top Losers
Company Price Change %Gain
Zee Entertain 250.20 -5.39
Tata Motors 136.85 -1.90
Eicher Motors 20,275.90 -1.05
Bajaj Auto 3,087.05 -0.79
Hindalco 187.40 -0.74
Company Price Change %Gain
Tata Motors 136.70 -1.05
Bajaj Auto 3,087.75 -0.73
Bharti Airtel 383.25 -0.65
ICICI Bank 437.75 -0.64
Axis Bank 709.20 -0.19

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