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The Stock In News Today, Stock Movements Today

Market Action Today

As per reports on Tuesday, some shares are to be influenced in trade today based on respective updates:

Dewan Housing Finance Corporation Ltd (DHFL): Rating agency CRISIL has downgraded DHFL’s commercial paper (A4+ from A3+) worth Rs.850crore due to liquidity condition of the Housing Finance Company.  

During mid-morning Tuesday, DHFL stock rose 1.31% at Rs112.40 per share.

Aarthi Industries: The bonus shares issue may be issued on 21-May, when the company reports its results.   Stock rose 1.03% highr at Rs1564.65 per share, during mid morning.

Oriental Bank of commerce has approved Rs.3000crore funding through issuance of equity shares.  Shares currently trade higher by 3.53% at Rs.95.53

Godrej Industries has reported a profit of Rs423.65crore for the quarter ended March 2019, compared to Rs178.crore a year ago. Stock traded higher at Rs453.65, up 0.27%.

Results today: Indian Bank, Pidilite Industries, HOEC, Nestle India, Siemens, UCO Bank, Welspun Corp, Union Bank of India, Zee Media Corporation.

At 11.05am, Sensex quoted at 37,042.74 down 48 points and Nifty at 11,130.05 down 18 points.

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