Shares of Time Technoplast ended 2.8 % decrease on Monday, snapping a three-day gaining streak. The inventory had gained 10 % during the last three buying and selling classes.
Sources inside the dealing rooms informed CNBC-TV18 that the road is anticipating the corporate to monetise its abroad belongings quickly.
Time Technoplast shares have gained 67 % up to now in 2023.
Truncated Week Begins On A Subdued Observe
Benchmark indices ended decrease on Monday at the beginning of this truncated week forward of the Ganesh Chathurthi vacation on Tuesday.
Nonetheless, sellers stated that there was basket shopping for within the Nifty 50 shares on the FII desk in at present’s buying and selling session. PSU Banks continued to outperform in at present’s session, with the index ending near a document excessive.
All eyes are on the US Federal Reserve assembly, the end result of which will probably be revealed on Wednesday evening Indian time.
Sellers additionally talked about that the development of fund elevating by way of QIPs, block offers is prone to proceed.
Moreover Time Technoplast, these shares made it to the dealing room chatter:
Senco Gold: The latest itemizing additionally snapped a three-day gaining streak on Monday. The inventory has gained 15 % up to now this month. Sellers imagine {that a} home PMS is an energetic purchaser within the inventory off late.
Jubilant Foodworks: The inventory has been consolidating just lately however the sellers advised that there have been sturdy purchase flows on the FII desk in at present’s buying and selling session.
Bharat Electronics: The inventory ended increased however off the day’s excessive in at present’s buying and selling session. There was additionally a small market at shut basket promoting seen on Monday within the defence inventory.
(Edited by : Hormaz Fatakia)
