Indian stocks were back in the negative zone as geopolitical tensions escalated following Iran’s retaliatory attack on two Iraqi bases that held US troops. At 12:08pm, the benchmark S&P BSE Sensex was down 282.31 points, or 0.69%, to 40,587.16, while the Nifty 50 index dropped 92.85 points, or 0.77%, to 11,960.10. Yes Bank, Suzlon, M&M, Goa Carbon and Ramco Systems were among the key stocks in news today. Read on to know more:
Yes Bank: Yes Bank Ltd shares jumped 4% after the lender said its board will meet on 10 January to consider fund raising.
Suzlon: Suzlon Energy Ltd shares were locked at 10% lower circuit after the company stated it defaulted on loans worth Rs 7,256.38 crore that were to be repaid on 19 March 2019.
M&M: Mahindra and Mahindra (M&M) Ltd shares were down 1.5% even as CARE reaffirmed long-term rating on bank loan facilities at AAA with stable outlook.
Goa Carbon: Goa Carbon Ltd shares were locked at 5% upper circuit after the company’s production improved in the month of December 2019.
Ramco Systems: Ramco Systems Ltd shares soared 9% after the company bagged a multi-million-dollar deal from a leading Australian University.
NCL: NCL Industries Ltd shares dropped 6% after the company reported poor production numbers for the month of December 2019.
Navin Fluorine: Navin Fluorine International Ltd shares climbed over 6% after the company announced that its Dewas plant in Madhya Pradesh had commenced commercial production from 6 January.
NHPC: NHPC Ltd shares slipped 1.3% after the company said it raised Rs 500 crore in second tranche through private placement of secured, redeemable, taxable, non-cumulative, non-convertible 7.38% NHPC-Y1 Series Bonds.