On Monday, 1876 stocks advanced, 1939 declined and 165 remained unchanged, with an advance decline ratio of 0.96 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets. The trend of the major indices on Monday’s trading is given in the table below.
On NSE, 217 securities advanced and closed at a new 52-week high whereas 9 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Auto, Nifty Media and Nifty Metal were among the biggest losers. Nifty IT, Nifty PSU Bank and Nifty Pharma among the biggest gainers.
L&T Technology Services (LTTS) (+1.67%) has collaborated with NVIDIA to develop software-defined architectures for medical devices focused on endoscopy, which will enhance the image quality and scalability of products.
Talbros Automotive Components (+20.00%) has received new multi years orders worth Rs580 crore from both, domestic and overseas customers across its business divisions, product segments and JVs.
Exhicon Events Media Solutions (EEMSL) (+9.51%) has signed the Memorandum of Understanding (MoU) for acquisition of 51% Equity Stake of Global Kokan Festival along with Kokanbhumi Ventures.
Cipla (+0.01%) has received a warning letter on November 17, 2023 from United States Food and Drug Administration (USFDA) for the routine current Good Manufacturing Practices (cGMP) inspection conducted at its Pithampur manufacturing facility between February 6th -17th, 2023.
Gufic Biosciences (+0.49%) has incorporated a subsidiary Company in India namely ‘Gufic Prime’. Gufic Prime shall carry on the business of manufacturing, marketing, distribution and sale of pharmaceutical products.
Lancer Container (+0.43%) Lines has executed share subscription and shareholders’ agreement for acquisition of 60% equity capital of Transco Logistix Worldwide, subject to certain conditions precedent.
Persistent Systems (+1.16%) has launched a unique open-source maintenance service to facilitate keeping an organization’s open-source software up to date with all patches, bug fixes, and incorporating the latest software releases.
EaseMyTrip (-2.80%) has introduced an exclusive subscription programme for High Net Worth Individuals (HNI) and CEO’s to explore a brand-new world of travel that features specialized services, benefits, and privileges.
Optiemus Infracom’s (+4.49%) step down subsidiary -- Optiemus Telecommunication has been selected under the Production-Linked Incentive Scheme 2.0 (PLI Scheme) launched by the Ministry of Electronics and Information Technology (MeitY).
Maruti Suzuki India (+0.42%) has received shareholders’ approval to issue shares on a preferential basis to Suzuki Motor Corporation (SMC) as consideration for a related party transaction for the acquisition of 100% stake in Suzuki Motor Gujarat.
Oriental Rail Infrastructure (+4.96%) has secured orders worth Rs7.27 crore from Rail Coach Factory (RCF), Kapurthala, Indian Railways. The company has received orders for manufacturing and supplying of 113 sets of ‘Seat and Berths’ for LHB SCN coaches.
Earnings
ESAF Small Finance Bank (+1.24%): Net Sales was Rs943 crore in Q2FY24 up 37% YoY (Rs688 crore). Net Profit was Rs140 crore in Q2FY24 up 143% YoY (Rs57.6 crore)
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
