Gold Silver Reports (GSR) – Bank Nifty 26,200 Call Most Active On NSE — Bank Nifty 26,200 strike price call option was among the most active call option contracts on the National Stock Exchange. Premium on the contract fell 15.5 percent to Rs 31.95. Over 4.3 lakh shares were added to open interest of 9.57 lakh shares.
Stocks Moving On Heavy Volumes
✅ SKF India: The Mumbai-based ball-bearings maker fell 2 percent to Rs 1,819. Trading volume was 12.3 times its 20-day average.
✅ IFB Industries: The Kolkata-based home improvement products maker rose 6 percent to Rs 1,390.65. Trading volume was 15.7 times its 20-day average.
✅ Relaxo Footwear: The Delhi-based footwear maker rose 3 percent to Rs 705.70. Trading volume was 11.2 times its 20-day average.
✅ Aditya Birla Fashion and Retail: The Mumbai-based apparel manufacturer and retailer rose 3 percent to Rs 146.20. Trading volume was 7.4 times its 20-day average.
Shares of the country’s largest wireless carrier rose 1 percent to Rs 405.10 as Airtel is planning to launch IPO for its African subsidiary, Bloomberg reported citing sources.
✅ Airtel is said to plan Africa unit IPO in London or South Africa
✅ Airtel Africa unit is said to have enterprise value of $8.3 billion
✅ Airtel said to plan appointing bankers for Africa IPO by September
✅ Airtel is said to plan paring$4.6 billion of debt in three years
Shares of the Mumbai-based automobile maker rose over 2 percent to Rs 339.60.
Sales of Tata Motors-owned luxury car maker Jaguar Land Rover rose 11.9 percent year-on-year to 45,180 units in April driven by introduction of new models, the company said in a press release.
Retail sales for April were up significantly year-on-year in China (28.9 percent), the UK (25.9 percent), Overseas markets (21.3 percent) and North America (2.5 percent) but down in Europe (-10.2 percent), with continuing uncertainty over diesel in the UK and Europe, the press release added.
Shares of the Kalol-based diversified manufacturing company rose as much as 15.73 percent, the most in nearly 10 months, to Rs 19.50 after it reported strong March quarter earnings.
Key earnings highlights:
✅ Revenue up 8 percent at Rs 704 crore
✅ Net profit up 24 percent at Rs 72 crore
✅ Ebitda up 34 percent at Rs 106.5 crore
✅ Margin at 15.1 percent versus 12.2 percent
