Thursday, December 19, 2024 | 08:23 PM ISTEN Hindi

Indices rally for 5th straight day, Sensex up 553 pts; RIL, financials gain

All that happened in the markets today

SI Reporter New Delhi

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (

Reliance Industries ended nearly 4 per cent higher at Rs 2,029 on the BSE.

11:06 AM

Apollo Pipes soars 29% in one week on hopes of better demand

Shares of Apollo Pipes were trading higher for the fifth straight day, up 14 per cent to Rs 593.70 on the BSE in intra-day trade on Friday on expectation of better demand outlook. The stock of the plastic products firm hit a 52-week high today, thus surging 29 per cent in the past week post-September quarter (Q2FY21) results. In comparison, the S&P BSE Sensex was up 5 per cent during the week. READ MORE

10:58 AM

Top gainers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
KSB	512.05	11.36
LINDE INDIA	887.55	7.10
BIRLA CORPN.	682.40	6.05
INDIABULLS HOUS.	153.30	5.94
RBL BANK	196.25	5.65

» More on Top Gainers

10:47 AM

BROKERAGE VIEW | Prabhudas Lilladher on Lupin

Rating: BUY | TP: Rs 1,212

We believe US to be the key growth driver for LPC with resolution of Somerset, Goa and Pithampur (Unit-2) and also Perrigo’s decision to voluntary recall Albuterol will benefit LPC. On the other hand, domestic formulation will also reach pre-COVID levels of 10-12% in FY22E. We roll over our valuation to FY23E (earlier FY22E) and derive a TP of Rs1,212 (earlier Rs1,085) based on 24x PE of FY23E EPS of Rs50.5. We maintain BUY (Unchanged).

10:39 AM

US election: Joe Biden victory could lift IT sector's spirits, say experts

Even as the battle for the White House still remains inconclusive though the Democrats, led by Joe Biden, are just a few steps away from victory, the technology outsourcing industry is feeling the ripple effects. IT stocks on Thursday surged as the poll results neared conclusion in anticipation that the Democrats, considered more liberal on immigration, will return to power in the US. READ MORE

10:25 AM

Dalmia Bharat surges 6%, hits 52-week high on strong Q2 results

The company reported an increase of 40 per cent YoY in EBITDA/T at Rs 1,457 due to a conscious and continuous containment of both variable & fixed costs. Cement EBITDA margin increased 900 basis points to 30 per cent during the quarter READ MORE

10:16 AM

Berger Paints gains over 4%, hits record high after Q2 result announcement

Shares of Berger Paints rallied as much as 4.4 per cent to hit an all-time high of Rs 675.45 apiece on the BSE on Friday, a day after the company reported an increase of 13.55 per cent in its consolidated net profit at Rs 221.05 crore for the quarter ended September 2020. The company had posted a net profit of Rs 194.66 crore in the year-ago period. READ MORE

10:09 AM

MARKET UPDATE:: Sensex at day's high, up 250 points

10:08 AM

Rupee Opening

Rupee opens stronger at 73.99 per US dollar vs Thursday's close of 74.39/$

10:02 AM

RIL gains 3% as Saudi fund invests Rs 9,555 crore in Reliance Retail

Shares of Reliance Industries (RIL) rose 3 per cent to Rs 2,013.75 on the BSE on Friday after the company said that Saudi Arabia’s Public Investment Fund (PIF) will invest Rs 9,555 crore ($1.29 billion) for 2.04 per cent equity stake in its retail arm. “This investment values Reliance Retail Ventures (RRVL) at a pre-money equity value of Rs 4.587 trillion ($62.4 billion). This investment would further strengthen PIF’s presence in India’s dynamic economy and promising retail market segment,” RIL said in media release. READ MORE

9:53 AM