Sheela Foam, Gujarat Gas among stocks that received recent upgrades from brokerages.
JB Chemicals & Pharma has announced a buyback of 29.54 lakh shares at a price of Rs 440, with an aggregate amount not exceeding Rs 130 crore marked for this buyback. The offer, which represents 9.33% of the total paid-up equity share capital, will start on December 16 and end December 30.
Maruti Suzuki is down on the recall of nearly 63,500 vehicles, citing a potential problem with the motor generation unit.
YES Bank falls after Moody's downgrade of the bank's long-term foreign currency issuer rating to B2 from Ba3.
Shares of Allcargo Logistics are up, while Gati is down after Allcargo Logistics’s board approved the acquisition of 44.6 percent stake in Gati. The move gives ACL control of Gati's board and decision-making.
Markets are higher today on expectations of the US and China reaching a trade deal. Nifty 50 was trading at 12044.30 (25.9, 0.2%) , BSE Sensex was trading at 40893.48 (113.9, 0.3%) while the broader Nifty 500 was trading at 9777.35 (19.8, 0.2%). Market breadth is in the green. Of the 1309 stocks traded today, 777 were in the positive territory and 448 were negative.
Riding High:
Largecap and midcap gainers today include Bharti Infratel Ltd. (252.50, 2.62%), Berger Paints (India) Ltd. (504.40, 2.21%) and Edelweiss Financial Services Ltd. (121.05, 2.07%).
Downers:
Largecap and midcap losers today include YES Bank Ltd. (59.60, -4.03%), Voltas Ltd. (675.25, -3.04%) and Vodafone Idea Ltd. (7.15, -2.05%).
BSE 500: highs, lows and moving averages
2 stocks took off, crossing 52 week highs, while 1 stock hit their 52 week lows.
Stocks touching their year highs included - City Union Bank Ltd. (234.65, 0.56%) and Max Financial Services Ltd. (533.00, 1.08%).
Stock making new 52 weeks lows included - Omaxe Ltd. (178.50, -0.81%).
8 stocks climbed above their 200 day SMA including Tata Metaliks Ltd. (601.00, 1.36%) and Grindwell Norton Ltd. (589.20, 0.56%). 6 stocks slipped below their 200 SMA including Tata Consultancy Services Ltd. (2108.80, -0.59%) and Housing and Urban Development Corporation Ltd. (38.15, 0.26%).
