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Market Analysis
Indian stock markets gave up their gains to trade lower in the afternoon session on June 09, dragged by selling pressure across sectors. Sensex fell by 0.64% or 333 points to 51,941. The Nifty slipped by 0.67% or 104 points to 15,635
Stocks in News
Religare Enterprises | RELIGARE (134.55 -8.28%): Shares of Religare Enterprises declined over 7% to Rs. 135.4, after the company approved fundraising via preferential share allotment of up to Rs. 570 crore. The company will raise funds from existing shareholders and select new marquee investors by allowing preferential shares at a price of Rs. 105.25 per share.
Varroc Engineering | VARROC (376.45 -3.09%): Varroc Engineering has signed a Memorandum of Understanding (MoU) with Candera GmbH for a strategic association to integrate the Human Machine Interface (HMI)
Talbros Automotive | TALBROAUTO (290.10 11.81%): Talbros Automotive reported strong performance with consolidated PAT at Rs27.4 crore in Q4FY21 as compared to a PAT of Rs 0.3 crore in Q4FY20. Forging biz revenue were up 70% y-o-y in Q4FY21
Rupee opens flat against US dollar
Indian rupee opened marginally higher at 72.78 per dollar
EARNING NEWS
Indian Metals Q4 net profit at Rs. 65.4 crore, Q4 earnings for the Quarter ended March 31, 2021
TeamLease Services Q4 net profit at Rs. 18.9 crore,Q4 earnings for the Quarter ended March 31, 2021
Gail (India) Q4 net profit rises by 28.3% QoQ, Q4 earnings for the Quarter ended March 31, 2021