According to a post-market hours exchange filing dated June 10, PPAP Automotive has inked a technology partnership agreement with Hutchinson.
Following ICBC's trajectory, this major Hong Kong banking debut raised HKD 81.32 billion in July 2010. The stock currently trades about 82% higher than its HKD 3.20 IPO price.
Among Sensex constituents, HCL Technologies declined 2.37% to Rs 1105.20. Infosys slipped 2.01%.
Five stocks, namely HDFC Bank, ICICI Bank, Axis Bank, Larsen & Toubro and Kotak Mahindra Bank, contributed largely to the Sensex’s rise.
PL Capital has assigned an ‘Accumulate’ rating to electrical heavyweights Havells India Ltd with a target price of Rs 1,505 and KEI Industries Ltd with a target price of Rs 5,660 (Accumulate).
JM Financial pointed out that coal remains the backbone of the system, operating at maximum utilisation, suggesting shrinking spare capacity and supply stress beyond 250GW.
In contrast to the other two group stocks' trend today, Tata Chemicals stock jumped 2.89% to Rs 745.25 apiece.
Among Sensex constituents, Reliance Industries jumped 1.41% to Rs1287.45. Trent advanced 0.58%,
Tata Consultancy Services Ltd (TCS) commands a (+) rating from the brokerage, with a target price of Rs 3,250 apiece.
Five stocks, namely ICICI Bank, SBI, Axis Bank, Reliance Industries and Bajaj Finance, contributed largely to the Sensex’s jump.
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