Indian benchmark indices ended a highly volatile session on September 29 in the negative territory ahead of the Reserve Bank of India policy announcement. At close, Sensex was down 188.32 points or 0.33% at 56,409.96, and the Nifty was down 40.50 points or 0.24% at 16,818.10.
Godrej Consumer Products | CMP: Rs 909.40 | The stock was up over 2 percent after research firm Credit Suisse maintained outperform rating on the stock with a target of Rs 975 per share. The structural improvements in the sales engine continue. However, recent quarters were hampered by raw material inflation & currency depreciation in Africa, it said. Brokerage firm Morgan Stanley has kept an overweight rating on Godrej Consumer Products with a target of Rs 1,101 apiece.
Jindal Steel & Power | CMP: Rs 417.05 | The scrip was up over 3 percent on September 29. Around 13.92 lakh shares (0.14 percent equity) worth Rs 58.34 crore changed hands at an average of Rs 419.5 per share. Also, the firm's Australian arm repaid the final instalment of debt raised from a clutch of special-situation funds and Indian lenders, media sources said.
CE Infosystems | CMP: Rs 1,358.30 | The stock price added over 2 percent after The Government of National Capital Territory (NCT) of Delhi and MapmyIndia Mappls signed a Memorandum of Understanding to develop a web application which will be a geospatial decision-making tool to ensure effective sighting of EV charging stations. The tool will supplement the planning and deployment of an accessible and connected network of EV charging stations within the city, the company said in an exchange filing.
Blue Dart | CMP: Rs 8,704 | The stock ended in the green after the company said it will be raising prices for its services from next year. The price increase will likely bring more revenue to the firm. The company in a filing said the average shipment price will increase by 9.6 percent from 2022, depending on the shipping profile.
Godrej Consumer Products | CMP: Rs 909.40 | The stock was up over 2 percent after research firm Credit Suisse maintained outperform rating on the stock with a target of Rs 975 per share. The structural improvements in the sales engine continue. However, recent quarters were hampered by raw material inflation & currency depreciation in Africa, it said. Brokerage firm Morgan Stanley has kept an overweight rating on Godrej Consumer Products with a target of Rs 1,101 apiece.
Jindal Steel & Power | CMP: Rs 417.05 | The scrip was up over 3 percent on September 29. Around 13.92 lakh shares (0.14 percent equity) worth Rs 58.34 crore changed hands at an average of Rs 419.5 per share. Also, the firm's Australian arm repaid the final instalment of debt raised from a clutch of special-situation funds and Indian lenders, media sources said.
CE Infosystems | CMP: Rs 1,358.30 | The stock price added over 2 percent after The Government of National Capital Territory (NCT) of Delhi and MapmyIndia Mappls signed a Memorandum of Understanding to develop a web application which will be a geospatial decision-making tool to ensure effective sighting of EV charging stations. The tool will supplement the planning and deployment of an accessible and connected network of EV charging stations within the city, the company said in an exchange filing.
Blue Dart | CMP: Rs 8,704 | The stock ended in the green after the company said it will be raising prices for its services from next year. The price increase will likely bring more revenue to the firm. The company in a filing said the average shipment price will increase by 9.6 percent from 2022, depending on the shipping profile.
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