Market LIVE Updates of May 17, 2021

May 17th 2021 @ 3:51 PM
Market Closed: Nifty ends above 14,900, Sensex jumps 848 pts led by financial, metal stocks
Market Closed; Nifty ends above 14,900, Sensex jumps 848 pts led by financial, metal stocks

May 17th 2021 @ 3:27 PM
Cheviot Co zooms 20% as firm announces special dividend of Rs 175 per share
Cheviot Company reported an over seven-fold jumped in its net profit at Rs 25.68 crore for the quarter ended March 2021 (Q4FY21) as against Rs 3.50 crore in Q4FY20. Revenue from operations grew 37 per cent year-on-year (YoY) to Rs 156.88 crore from Rs 114.76 crore in the year-ago quarter.

May 17th 2021 @ 3:23 PM
Shakti Pumps Q4 results net profit was at Rs 30.5 crore
Shakti Pumps Q4 consolidated net profit was at Rs 30.5 crore versus loss of Rs 6.14 crore and revenue was at Rs 319.7 crore versus Rs 92.6 crore. Shakti Pumps (India) was quoting at Rs 570.20, up Rs 8.80, or 1.57 percent on the BSE.

May 17th 2021 @ 2:18 PM
Supriya Lifescience files IPO papers with Sebi
Supriya Lifescience has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,200 crore through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth Rs 200 crore and an offer for sale of up to Rs 1,000 crore by its promoter Satish Waman Wagh, according to the draft red herring prospectus (DRHP). Proceeds from the fresh issue will be used for funding capital expenditure requirements, repay debt and general corporate purpose.

May 17th 2021 @ 1:55 PM
Krsnaa Diagnostics files IPO papers with Sebi
Krsnaa Diagnostics has filed draft papers with capital markets watchdog Sebi to raise funds through an initial share sale. The IPO comprises fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of up to 94,16,377 shares by its existing shareholders, according to the draft red herring prospectus (DRHP). Those offering shares in the OFS are Phi Capital, Kitara, Somerset Indus Healthcare Fund I Ltd and Lotus Management Solutions. The company, in consultation with its merchant bankers, may consider to raise Rs 200 crore in the pre-IPO placement.

May 17th 2021 @ 1:52 PM
Rane Brakes Q4 results
Rane Brakes has reported 53.1 percent jump in its Q4 net profit at Rs 14.3 crore versus Rs 9.3 crore and revenue was up 25.1% at Rs 148.4 crore against Rs 118.6 crore (YoY) Rane Brake Linings was quoting at Rs 846.55, up Rs 50.55, or 6.35 percent on the BSE.

May 17th 2021 @ 1:50 PM
TVS NTORQ 125 crosses the 1 lakh mark:
TVS Motor Company today announced that the TVS NTORQ 125 has crossed the sales milestone of 1 lakh units in international markets. TVS Motor Company was quoting at Rs 619.95, up Rs 16.80, or 2.79 percent on the BSE.

May 17th 2021 @ 12:26 PM
Balakrishna Industries shares surge by 10 percent trading @ Rs 2085
Balakrishna Industries shares surge by 10 percent trading @ Rs 2085 , touched 52 week High Balakrishna Industries shares surge by 10 percent trading @ Rs 2085

May 17th 2021 @ 12:09 PM
SBI shares surge 5%, hit 8-week high on heavy volumes
Shares of State Bank of India (SBI), on Monday, hit an eight-week high of Rs 377.30 after rising 5 per cent on the BSE in intra-day trade on the back of heavy volumes. The state-owned lender's stock was trading at its highest level since March 23, 2021, when it touched 377.7 in intra-day trade. It hit a record high of Rs 426 on February 18, 2021.

May 17th 2021 @ 10:39 AM
L&T shares decline over 3% amid profit booking
Larsen and Toubro (L&T) shares declined 3.3 per cent to Rs 1,368.5 on the BSE in Monday's intra-day deals on the back of profit booking. India’s largest engineering and construction firm on Friday reported a consolidated net profit of Rs 3,293 crore for March quarter of FY21 (Q4FY21), up 3 per cent year-on-year (YoY), on higher revenues and surge in other income.

May 17th 2021 @ 10:31 AM
CarTrade files for IPO
Car Trade Tech Ltd, which had hit near unicorn status post its last fundraising round in April, is one step closer to becoming India’s first online auto classifieds marketplace to list on the domestic bourses. The firm - backed by marquee investors such as Temasek, Warburg Pincus and JP Morgan - has filed its draft red herring prospectus (DRHP) with SEBI to raise around Rs 2,000 crores via an initial public offer (IPO), sources with knowledge of the matter told Moneycontrol.

May 17th 2021 @ 10:22 AM
PNB gains over 1% on raising Rs 1,800 crore via QIP issue
Punjab National Bank (PNB) on Saturday said it has raised Rs 1,800 crore by selling 53 crore shares on a private placement basis to investors like LIC and Societe Generale. Eligible Qualified Institutional Buyers were given the share at an issue price of Rs 33.75 per unit aggregating to Rs 1,799.99 crore, PNB said.

May 17th 2021 @ 10:10 AM
Nifty Bank index added over 1 percent led by the IndusInd Bank, SBI, Federal Bank
Nifty Bank index added over 1 percent led by the IndusInd Bank, SBI, Federal Bank

May 17th 2021 @ 10:03 AM
Sensex up 350 pts, Nifty tops 14,750; Hester Biosciences zooms 15%
S&P BSE Sensex rose 350 points, or 0.7 per cent, to 49,080 levels and the Nifty50 index topped the 14,750-mark. IndusInd Bank and State Bank of India rose 2 per cent

Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy Click Here
Asian Paints 2577.00 Buy Click Here
HDFC 2448.00 Buy Click Here
HDFCAMC 2790.00 Buy Click Here
TCS 3120.00 Buy Click Here

NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
INFY
1,417.90
2.03
32,77,464
TECHM 1,053.80
1.88
16,05,542
BRITANNIA 3,606.00 1.79 3,03,919
TATACONSUM 711.50
1.65
23,85,952
HCLTECH 963.70 1.48 19,76,931
COMPANY LTP %CHNG VOLUME
HINDALCO
384.10
-2.76
74,44,638
JSWSTEEL 697.80 -2.51 37,24,317
TATASTEEL 1,106.65
-1.95
45,67,284
COALINDIA 153.80
-1.57
53,97,691
SBIN
425.65
-1.53 93,71,553