Shares of Wipro Ltd. halted a nine-day rally, its longest winning streak in two weeks. The stock fell as much as 0.6 percent to Rs 284.20, ahead of its earnings announcement.
Gayatri Projects Pares Loss After Order Win
Shares of the construction company pared early losses and rose as much as 2.1 percent to Rs 192.
The company received orders worth Rs 2,759 crore for the development of Purvanchal Expressway in Uttar Pradesh, according to its stock exchange filing.
Trading volume was 6.1 times its 30-day average, according to Bloomberg data. the stock declined 13.4 percent so far this year, compared to a 8 percent advance in the Sensex.
Muthoot Finance Drops After A Block Deal
Shares of the gold financing company declined for the third consecutive trading session and fell as much as 3.1 percent to Rs 377.05.
About 14 lakh shares changed hands in a block deal on Bombay Stock Exchange, according to Bloomberg data. Buyers and sellers were not known immediately.
Muthoot Finance trades at 8.5 times trailing 12-month earnings per share and 8.7 times its estimates for the coming year, according to Bloomberg data.
Alembic Pharma Snaps Five-Day Decline On FDA Boost
Shares of the drugmaker snapped five-day decline and rose as much as 2.6 percent to Rs 527.70.
The pharmaceutical company received EIR from U.S. FDA for API facility at Karakhadi, Gujarat, according to its stock exchange filing. All plants of the drugmaker are now FDA compliant, the statement added.
Trading volume was 12.1 times its 20-day average, Bloomberg data showed. The stock is 3 percent below the Bloomberg consensus one-year price target.
