by Ritmbarah Arora
CRISIL Ltd: The shares of CRISIL jumped 4.9% at Rs 1890.7 as of this writing. Around 40,199 shares in volume have been traded today so far. The share price increased by 10.1% since the last week and by 24.8% since the last month, as per Trendlyne data. On December 20, 2019, the company announced the agreement to acquire Greenwich Associates for an amount of $40 million. Ashu Suyash, Managing Director and CEO of CRISIL said, “The driver behind our acquisition was to accelerate the idea to become the leader in the global benchmarking analytics financial global space across financial services.” CRISIL is listed in 23 screeners on Trendlyne. Link
BASF India: The shares of BASF India advanced 4.7% at Rs 1003.4. Around 98,148 shares in volume have been traded today so far. As per Trendlyne data, the share price increased by 3.5% since the last week and by 6.1% since the last month. BASF has entered into an agreement with an affiliate of Lone Star to sell its construction chemicals business for around 25,003 crores, according to a regulatory filing. BASF India commented on the agreement, “We have now been informed by BASF SE, Germany, parent company, that it has signed a purchase agreement with an affiliate of Lone Star, a global private equity player, for acquisition of BASF's construction chemicals business". BASF India is listed in 19 screeners on Trendlyne. Link
Hindustan Copper: The shares of Hindustan Copper surged 4.8% at Rs 39.5 today in the stock market. Around 1.1 million shares in volume have been traded today so far. The share price increased by 4.1% since the last week and by 1.3% since the last month, as per Trendlyne data. The consumption of refined copper in the first half of this current financial year grew 8.8% against a fall of 2.7% in the corresponding period last fiscal, as per a report published on December 11, 2019. Hindustan Copper is listed in 13 screeners on Trendlyne.
Reliance Infrastructure: The shares of Reliance Infrastructure are among the top gainers today. The share price advanced 5% at Rs 24.3 with around 1 million shares in volume traded today so far. As per Trendlyne data, the share price increased by 14.9% since last week but decreased by 22.5% since the past month. Reliance Infrastructure has won an arbitration award of Rs 1,250 crore against Damodar Valley Corporation (DVC), as per The Economic Times. The company said it will use the proceeds to pay lenders and reduce its debt, as part of the strategy to be debt-free by 2020.
Reliance Infrastructure spokesperson commented, “This award by the arbitration tribunal is validation of the rightful position of the company. It is critical for Indian engineering and construction companies to be paid their dues on time so that they can participate in mega-infrastructure projects without the risk of getting bogged down by working capital issues”. Reliance Infrastructure is listed in 23 screeners on Trendlyne. Link
APL Apollo Tubes: The shares of APL Apollo Tubes rose 3.7% at Rs 1692.6 as of this writing. Around 47,027 shares in volume have been traded today so far. As per Trendlyne data, the share price increased by 3.3% since the last week and by 9.1% since the last month. Axis Direct had issued a ‘buy’ call on APL Apollo Tubes with a target price of Rs 1,867 on November 20, 2019. The company is listed in 21 screeners on Trendlyne.