Max Financial, Axis Bank, Aurobindo Pharma, GMR Infra Among Key Stocks in Focus Today
Max Financial, Axis Bank, Aurobindo Pharma, GMR Infra Among Key Stocks in Focus Today
Yes Bank Ltd shares inched up 1.2% after ICRA cut bank’s issuer rating to A- from A with a negative outlook.

Indian stock markets opened the week on a shaky note on Monday after a three-day holiday, led by a massive decline in metal stocks. At 10:53 am, the benchmark BSE Sensex was trading down 399.50 points, or 0.97%, at 40,770.62, while the Nifty 50 index fell 126.95 points, or 1.05%, to 11,953.90. Max Financial, Axis Bank, Aurobindo Pharma, GMR Infra, Bharti Infratel and Yes Bank were among the key stocks in news today.

Read on to know more:

Max Financial, Axis Bank: Shares of Max Financial Services jumped over 5% while those of Axis Bank declined 2.3% after the two companies entered into a confidentiality and exclusivity arrangement to explore a long-term strategic partnership.

Aurobindo Pharma: Aurobindo Pharma Ltd shares plunged over 18% on news that the US FDA inspection at Unit IV is still open and under review.

GMR Infra: GMR Infrastructure Ltd surged 11.4% after the Competition Commission of India gave approval to the company’s proposed 49% stake sale in its airport business to France’s Groupe ADP.

Bharti Infratel: Bharti Infratel Ltd shares fell 1.7% after the Department of Telecommunications approved the Bharti Infratel-Indus Towers deal.

Yes Bank: Yes Bank Ltd shares inched up 1.2% after ICRA cut bank’s issuer rating to A- from A with a negative outlook.

Bajaj Holdings: Bajaj Holdings and Investment Ltd shares gained 1.6% after the company saif it would pay Rs 40 per share interim dividend.

Bajaj Auto: Bajaj Auto Ltd shares lost 1.2% after the company said it would pay Rs 120 per share interim dividend.

PVR: PVR Ltd shares fell 2% after the company opened 5-screen multiplex at Nilamber Triumph Mall, Vadodara.

Indiabulls Housing: Indiabulls Housing Finance Ltd shares gained 3.7% after ICRA cut the long-term rating to ‘AA’ from ‘AA+’.

Dilip Buildcon: Dilip Buildcon Ltd shares dropped 2.5% after the company executed an EPC agreement for the construction of a new greenfield airport at Rajkot in Gujarat.

Biocon: Biocon Ltd shares inched up 1.1% after the US FDA issued three observations to the company’s Malaysia facility

Original news source

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