Stock Corner
1.
Shares of
Adani Enterprises have moved higher by 8% to Rs 170 on BSE on back of heavy
volumes after the company said it will fund the entire cost of its
controversial Queensland coal mine and rail project in Australia. “Adani
Mining's Carmichael mine and rail project will be 100% financed through the
Adani Group's resources, Adani Mining CEO Lucas Dow announced in Central
Queensland today,” Adani Enterprises said in a press release
2.
After
plunging to a fresh 32-month low of Rs 147 apiece on BSE, the stock of YES Bank
staged a recovery towards the end of the trading session on Thursday to settle
at Rs 160.45, down 0.77 per cent. During the day, shares of the private sector
lender continued to remain under pressure on the BSE in an otherwise firm
market, after rating agencies downgraded the bank’s rating.
3.
Shares of
fast moving consumer goods (FMCG) major Hindustan Unilever (HUL) were up 2% at
Rs 1,777 per share, rising 14% in the past one month, on expectations of better
volume growth/margin delivery against its peers. The stock was trading near its
record high level of Rs 1,808 touched on August 20, 2018, on the BSE in
intra-day trade.
4.
Shares of
hotel companies Hotel Leela, Kamat Hotels, Sayaji Hotels, TajGVK and Oriental
Hotels rallied up to 20 per cent on BSE in the intra-day trade on Thursday, on
expectations of robust growth in the coming years.
Missed call
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