Nifty Realty index is the top gainer among the sectoral indices on NSE. The index is tradin higher by around 1% at 250 level. HDIL is the top gainer in the index. The stock is trading at Rs 89.85 per share higher by close to 5%. The other realty stocks like Delta Corp, Prestige, Oberoi Realty and Sobha Limited are also trading in positive territory.
There were 986 advances, 599 declines and 365 unchanged stocks on NSE reflecting strong positive undertone in the market. At 12 PM, the S&P BSE Sensex is trading at 31185 up 25 points, while NSE Nifty is trading flat at 9625. A total of 35 stocks registered a fresh 52-week high in trade today, while 44 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading up 0.7% at 14591, whereas BSE Small-cap Index is trading up 0.88% at 15054. Some buying activity is seen in Capital Goods, Pharma, Auto, while Energy, Telecom, IT and Metal are showing weakness on BSE. M&M, Lupin, Ultratech Cement, Dr Reddy’s, Power Grid are among the gainers, whereas ONGC, Vedanta Limited, ITC, Bharti Infratel, Aurobindo Pharma are losing sheen on NSE.
MOIL on Tuesday informed that the board of directors at its meeting held on May 30, 2017, has recommended a final dividend of Rs 6 per equity share of face value of Rs 10 each, for the financial year ended March 31, 2017.
The company’s standalone net profit increased by a staggering 441% to Rs 115.80 crore for the quarter ended March 31, 2017. It had posted a standalone net profit of Rs 21.38 crore in the same quarter of the previous year. Meanwhile, MOIL is up by 3.5% at Rs 332.10 per share at 11:38 hours IST on BSE. It touched a high of Rs 340 and a low of Rs 330.95 so far during the day. MOIL Limited is engaged in the exploration, exploitation and marketing of manganese ore and products such as electrolytic manganese dioxide and high carbon ferromanganese alloy. The company operates through three segments: mining, manufacturing and power generation. Stock View: MOIL Ltd is currently trading at Rs 332.25, up by Rs 11.4 or 3.55% from its previous closing of Rs 320.85 on the BSE. The scrip opened at Rs 330.95 and has touched a high and low of Rs 340 and Rs 330.95 respectively. So far 756822(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4273.33 crore. The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 429 on 12-Jan-2017 and a 52 week low of Rs 218.8 on 30-May-2016. Last one week high and low of the scrip stood at Rs 323.55 and Rs 295 respectively. The promoters holding in the company stood at 65.58 % while Institutions and Non-Institutions held 19.09 % and 15.34 % respectively. The stock is currently trading above its 200 DMA.
BSE Mid-cap index has been outperforming the major indices in the market in the morning hours on Wednesday. NLC India Limited is the top gainer in the index trading higher by around 8% at Rs 106.85 per share. It is ‘Navratna’ Public Sector Enterprise, under the administrative control of Ministry of Coal.
The company is looking for increasing the borrowing powers of board of directors upto Rs 35,000 Cr and for creation of security on the assets of the Company up to that value There were 986 advances, 536 declines and 425 unchanged stocks on NSE reflecting strong positive undertone in the market. At 10 AM, the S&P BSE Sensex is trading at 31171 up 12 points, while NSE Nifty is trading at 9626 up 1 point. A total of 22 stocks registered a fresh 52-week high in trade today, while 37 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading up 0.95% at 14628, whereas BSE Small-cap Index is trading up 0.87% at 15053. Some buying activity is seen in Capital Goods, Pharma, Auto, while FMCG, IT and Metal are showing weakness on BSE. M&M, Ultratech Cement, Power Grid, IOC, Lupin are among the gainers, whereas ONGC, Vedanta Limited, ITC, Bharti Infratel, Aurobindo Pharma are losing sheen on NSE in the first trading hour. The INDIA VIX is up 3.7% at 12.2.
