Stocks in news : Adani Power, Sobha, Indiabulls Housing Finance, Escorts India

Stocks in news September 10th: Adani Power, Sobha, Indiabulls Housing Finance, Escorts India

Stocks in news September 10th: On Thursday, both Sensex and Nifty reported a bullish trend in the stock market after bearish reports in the last two sessions of the stock market. The Sensex is trading above 38,400 levels and the Nifty is trading above 11,300 levels in the stock market. The  gained 286.76 points with a 0.75% increase and reached a 38,464.44 level. While Nifty gained 75.95 points with a 0.67% increase and reached 11,356.05 level. On the other side, the number of coronavirus cases in India reached 44,65,863 as of Thursday, September 10th, and deaths reached 75,062.

Besides, there are some stocks in the news on the September 10th stock market shown below:

Bharat Dynamics Limited: On Thursday, the DIPAM Secretary said the companies offer for sale (OFS) received a total subscription of 2.40 crore equity share worth Rs. 770 crores.

However, the shares of Bharat Dynamics Limited on Thursday reported a bullish trend in the stock market. The company gained 4.70 points with a 1.47% increase and reached 318.45 INR. While in BSE, the company gained 4.90 points with a 1.56% increase and reached 318.75 INR.

Indiabulls Housing Finance Limited: On Wednesday, the company board decided to raise funds via the QIP issue opens on September 9th.

However, the shares of Indiabulls Housing Finance Limited on Thursday reported a bullish trend in the stock market. The company gained 0.70 points with a 0.35% increase and reached 202.00 INR. While in BSE, the company gained 1.10 points with a 0.55% increase and reached 202.25 INR.

Indiabulls Ventures Limited: On Wednesday, the company reported its Q1 results for the financial year 2020-21. However, the company’s net revenue decreased to Rs. 382.70 crores as against Rs. 698.20 crores in the same quarter last year. While the company also posted a net profit of Rs. 12.40 crores as against Rs. 122.00 crores in the same quarter last fiscal year.

However, the shares of Indiabulls Ventures Limited on Thursday reported a bullish trend in the stock market. The company gained 0.65 points with a 0.37% increase and reached 205.10 INR. While in BSE, the company gained 1.55 points with a 0.76% increase and reached 205.50 INR.

Escorts India Limited: On Wednesday, the company shares acquired by Victory Emerging Markets Small Cap Fund for Rs. 1,164.44 per each share with almost 8,03,003 equity shares.

However, the shares of Escorts India Limited on Thursday reported a bearish trend in the stock market. The company lost 17.35 points with a 1.40% decrease and reached 1,188.90 INR. While in BSE, the company lost 17.15 points with a 1.42% decrease and reached 1,188.70 INR.

Transport Corporation of India Limited: On Wednesday, the company shares bought by HDFC Mutual Fund for Rs. 215 per each share with almost 8,64,000 equity shares. On the other side, the company shares sold by Himalaya Finance and Investment Company for Rs. 215 per each share with almost 10,45,664 equity shares via the open market.

However, the shares of Trasport Corporation of India Limited on Thursday reported a bullish trend in the stock market. The company gained 8.60 points with a 4.00% increase and reached 223.60 INR. While in BSE, the company gained 10.35 points with a 4.84% increase and reached 224.40 INR.

Sobha Limited: On Wednesday, the company shares bought by Ravi PNC Menon for Rs. 241.00 per each share with almost 26,500 equity shares via the open market.

However, the shares of Sobha Limited on Thursday reported a bullish trend in the stock market. The company gained 3.80 points with a 1.57% increase and reached 246.40 INR. While in BSE, the company gained 3.65 points with a 1.50% increase and reached 246.20 INR.

Adani Power Limited: On Wednesday, the companies promoter Adani Tradeline LLP released 1 crore of pledged shares.

However, the shares of Adani Power Limited on Thursday reported a bullish trend in the stock market. The company gained 0.70 points with a 1.89% increase and reached 37.80 INR. While in BSE, the company gained 0.65 points with a 1.75% increase and reached 37.80 INR.

Jamna Auto Industries Limited: On Wednesday, the promoter Pradeep Singh increased its stakes of the company from 5.65% to 5.69% in the stock market.

However, the shares of Jamna Auto Industries on Thursday reported a bullish trend in the stock market. The company gained 1.30 points with a 2.96% increase and reached 45.25 INR. While in BSE, the company gained 1.05 points with a 2.39% increase and reached 45.05 INR.

Top Gainers on September 10th: IndusInd Bank, Reliance Industries, BPCL, Asian Paints, and Tata Motors are the top gainers in today’s stock market.

Top Losers on September 10th: Bharti Infratel, UPL, Bajaj Auto, Britannia Industries, and Titan Company are the top losers in today’s stock market.