After Hours: Sun Pharma dazzles on CS upgrade; 95 stocks at 52-wk highs




Here’s a look at the movers and shakers of Dalal Street on Wednesday. NSEBSESun PharmaLoading data…

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    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESWockhardtLoading data…

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      ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESSuzlon EnergyLoading data…

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        ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESRILLoading data…

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          ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESReligare EnterprisesLoading data…

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            ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESJSW EnergyLoading data…

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              ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESITCLoading data…

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                ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESIdea CellularLoading data…

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                  ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESAutomotive AxlesLoading data…

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                    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIES8K Miles Software Se…Loading data…

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                      ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESRILReligare EnterprisesJSW EnergyITCIdea CellularAutomotive Axles8K Miles Software ServicesEXPAND TO VIEW ALL The domestic equity market lost momentum in the last hour of trade on Wednesday amid a slump in shares of oil marketing companies (OMCs) after ETNow reported that the government may ask these firms to absorb any further rise in crude oil prices. The government is also unlikely to roll back fuel excise duty due to fiscal constraints.

                      The S&P BSE Sensex ended the day at 32,186, just 28 points higher, with Sun Pharma (up 4 per cent) being the top gainer and FMCG major ITC (down 2 per cent) the worst laggard.

                      The broader Nifty50 index of the National Stock Exchange (NSE) settled 14 points lower at 10,079 with 19 constituents ending in the green and 32 in the red.

                      Let’s have a look at the movers and shakers of Dalal Street on Wednesday.

                      Fourth time lucky!
                      Shares of Religare Enterprises hit the 5 per cent upper circuit for the fourth session in a row. The fresh bounce was seen after Religare shareholders approved a plan to use the proceeds of the sale of its health insurance business to repay Axis Bank’s $70 million (Rs 450 crore) loan. The stock settled at Rs 47 apiece.

                      Sun Pharma dazzles on CS upgrade
                      Shares of drug major Sun Pharma jumped over 4 per cent after global brokerage Credit Suisse upgraded the stock to outperform from neutral and also raised the target price to Rs 595 to Rs 490 earlier. The stock eventually closed at Rs 503 apiece, up 4 per cent.

                      What an Idea, sir jee
                      Shares of Idea Cellular advanced nearly 5 per cent amid reports that 42.3 lakh shares changed hands in three block deals. The company will hold a meeting of shareholders and creditors on October 12 to seek their approval for amalgamation of Vodafone India’s business with itself. The stock closed at Rs 82.60 apiece, up 4.76 per cent.

                      IPO corner abuzz
                      IPOs kept buzzing on Dalal Street through the day. While the Capacit’e Infraprojects IPO, which hit the market on Wednesday, was subscribed 62 per cent till 3:45 pm, the issue of Matrimony.com was subscribed 3.87 times till the time of writing of this report.

                      Capacit’e Infraprojects

                      Matrimony.com

                      95 stocks at 52-week high
                      As many as 95 securities hit fresh 52-week highs. 63 moons Technologies (up 3.73 per cent), Apex Frozen Foods (up 5 per cent) and Automotive Axles (up 5.6 per cent) were some of the prominent names among them. On the contrary, 15 stocks plunged to 52-week lows, including 8K Miles Software Services (down 11 per cent) and ICSA (India) (down 3.77 per cent).

                      Capital First on a high
                      Shares of Capital First hit its highest in nine and a half years after the Reserve Bank of India (RBI) raised foreign investment limit to 50 per cent from 24 per cent earlier. The stock rose as much as 3.75 per cent to Rs 839 apiece, their highest since February 2008. However, the stock slipped later in the day, thus settling at Rs 800, down 1 per cent.

                      Most active stocks
                      Shares of JP Associates (down nearly 2 per cent), Suzlon Energy (up nearly 1 per cent) and GMR Infra (up 3 per cent) were the most active in terms of volume while those of Divi’s Lab (up nearly 3 per cent), RIL (up 3 per cent) and Sun Pharma (up 4 per cent) were most active in terms of value.

                      Spurt in open interest
                      Shares of JSW Energy saw the biggest spike in open interest contracts at 49 per cent, followed by Jubilant Foods (46.40 per cent) and Wockhardt (37 per cent).




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