ETMarkets After Hours: Matrimony IPO sails; pharma stocks on a high




NSE rose 87 points with 41 out of the 51 constituents ending in the green and the rest in the red. NSEBSEWiproLoading data…

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    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESTata SteelLoading data…

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      ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESTata CoffeeLoading data…

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        ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESSun PharmaLoading data…

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          ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESLiberty ShoesLoading data…

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            ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESJaypee InfratechLoading data…

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              ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESJaiprakash Associate…Loading data…

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                ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESAjmera RealtyLoading data…

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                  ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESSun PharmaLiberty ShoesJaypee InfratechJaiprakash AssociatesAjmera RealtyEXPAND TO VIEW ALL NEW DELHI: The bulls roared back on Dalal Street on Tuesday, pushing the headline Nifty50 index to post its second highest close ever amid firm global cues and heavy buying in financials, FMCG and pharma stocks.

                  The S&P BSE Sensex gained 277 points to close the session at 32,159, with Tata Steel (up 3 per cent) being the top gainer and IT major Wipro (down 1 per cent) the worst laggard.

                  The Nifty50 index of the National Stock Exchange (NSE) rose 87 points, or 0.87 per cent, to end the session at 10,093, with 41 out of the 51 constituents ending in the green and the rest in the red.

                  Here’s a wrap-up of everything that made news on Dalal Street on Tuesday:

                  Matrimony IPO finds a perfect match!
                  The initial public offering (IPO) of Matrimony.com got fully subscribed on the second day of the bidding process on Tuesday. The IPO of the owner of online match making portal BharatMatrimony.com received bids for 31,82,190 shares against the total issue size of 28,11,280 shares, data available with the NSE showed.

                  Liberty shoes take a big leap
                  Shares of Liberty Shoes advanced as much as 15 per cent trade after smallcap czar Porinju Veliyath-led Equity Intelligence India Private bought shares in the company. Data available with NSE showed Equity Intelligence (PMS) bought 3.21 lakh shares at a price of Rs 235.48 on Monday. The stock eventually closed at Rs 271 apiece, up 11.42 per cent on BSE.

                  JP Associates tumbles post block deal
                  Shares of Jaiprakash Associates fell nearly 7 per cent amid reports that 25.9 crore company shares changed hands in a block at Rs 20.65 per share. The report emerged a day after the Supreme Court lifted a stay on insolvency resolution proceedings against Jaypee Infratech and ordered its parent, Jaiprakash Associates, to deposit Rs 2,000 crore with the court by October 27 to cover the unit’s liabilities towards homebuyers in its residential projects. However, the stock recovered later in the day, thus closing at Rs 22 apiece, up 0.23 per cent.

                  Tata Group stocks on fire
                  Shares of Tata Group companies buzzed on Dalal Street through the day. Tata Coffee advanced as much as 16 per cent after NSE data showed that investor Porinju Veliyath-led Equity Intelligence bought 10 lakh shares in the company at Rs 150. The stock of Tata Steel too jumped 5 per cent to Rs 692 after the steelmaker finally concluded separation of the British Steel Pension Scheme (BSPS) from Tata Steel UK. The stocks closed at Rs 163, up nearly 8 per cent and Rs 683 apiece, up 3 per cent, respectively.

                  Ajmera Realty sees 15% spike
                  Shares of Ajmera Realty climbed as much as 15 per cent. The company recently posted a 107 per cent jump in consolidated Q1 profit at Rs 14.1 crore against Rs 6.8 crore posed for the same quarter last year. The stock settled the day at Rs 232 apiece, up 10.38 per cent.

                  In good spirits
                  Pharma stocks gained the most, pushing the Nifty Pharma index 192 points, or 2.18 per cent, higher to 8,996. All the 10 constituents ended in the green with Divi’s Labs (up12 per cent), Sun Pharma (up 3.42 per cent) and Piramal Enterprises (up 2.58 per cent).




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