Stocks Radar: Kridhan Infra, AurionPro Solutions, Coal India
Here are the stocks moving this morning.
Indian equity benchmarks rose today amid Asian peers heading towards historic highs and Japanese indices rising more than 2.4 percent after their New Year break.
The S&P BSE Sensex rose as much as 0.37 percent to 33,916.75, while the NSE Nifty 50 Index rose as much as 0.26 percent to 10,470.1.
The market breadth was tilted in the favour of buyers. Thirteen of the 19 sector gauges compiled by BSE Ltd. rose, led by the S&P BSE Metal Index’s 1.7 percent gain. On the flipside, the S&P BSE Information Technology Index was the worst performer, falling 0.25 percent.
Here Are The Stocks Moving This Morning:
SJVN: Rises On Share Buyback
Shares of the Shimla-based power generation company rose to a lifetime high of Rs 39.9, after rising as much as 15.82 percent in early trading.
SJVN Ltd.’s board will consider a buyback of shares on Jan. 8, according to the company’s exchange filing.
The company’s stocks has risen for three out of four sessions this year, extending a two-day gaining streak today.
Kridhan Infrastructure: Rises On Share Sale Closure
Shares of the steel products maker rose to a lifetime high of Rs 138.5 after rising as much as 5.52 percent, extending a two-day gaining streak.
Kridhan Infra Ltd.’s Rs 128 crore institutional share sale closed. Investors included Singapore government, DSP Blackrock and HDFC AMC.
Only two analysts have this stock on their portfolio, consensus rating being equivalent to ‘buy’, with a consensus target price of Rs 150.
Aurionpro Solutions: Rises On Business Sale
Shares of the software solutions firm rose as much as 16.31 percent to Rs 287.7, highest ever in almost three years.
Aurionpro Solutions Ltd. informed in an exchange filing that its subsidiary Cyberinc will sell its Identity and Access Management business to KPMG in an all cash deal worth Rs 217.6 crore.
The stock has been rising for six consecutive sessions.
KM Sugar Mills: Rises After Stake Sale In Subsidiary
Shares of the sugar products manufacturer rose as much as 4.9 percent to Rs 20, highest value in over two weeks.
The company sold 7.3 lakh shares in its subsidiary KEM Energy, which constituted 73 percent of the paid up capital in the later. Hence, after the sale, KEM energy is no longer a subsidiary of KM Sugar Mills Ltd.
The company’s stock has been gaining for the fourth consecutive trading session.
Coal India: Rises On Increased Coal Production
Shares of Coal India Ltd. rose as much as 2.41 percent to Rs 278.4, extending a four-day gaining streak.
The company’s unit, Eastern Coalfields, has executed pacts with power plants for supplying 4.5 million tonnes in addition to the annual contracted quantity, said Coal Minister Piyush Goyal in a written reply to Parliament.
The stock is currently trading 3.9 percent below the one-year consensus target price with consensus rating being equivalent to ‘hold’.
Stocks Reacting To Block Deals
Central Bank of India:
- 15 lakh shares changed hands in a block.
- Shares of Central Bank of India rose as much as 5.34 percent to Rs 79.95