26.08.2020 Share Market Update | Stocks Analysis, Results, Dividends & Important Date | MMM | TAMIL
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•MARKET HIGHLIGHT: Sensex gains 45 points to 38,844 & Nifty 6 points to 11,472
•Lupin share price rises 5% on US FDA approval of inhalation product for asthma patients.
•Gold price today: Yellow metal rangebound; support seen at Rs 50,800-50,500
•LIC Housing shares jump 9% after June quarter profit rises 34% to Rs 817 crore
•Allcargo Logistics share price locked in 20% upper circuit on delisting proposal
•Alembic Pharmaceuticals's JV gets USFDA nod for skin disorder treatment drug
•Phoenix Mills tanks 8% as nearly 11% equity changes hands via block deal
•Tata Motors plans reducing net debt to zero in 3 years, stock up nearly 5%
•Tech Mahindra gains over 2% as company sees acceleration in deal signings
•Max Financial closes with a gain of 13% after revision of Axis Bank-Max Life deal
Adani Group :Adani Enterprises up 24%, Adani Power 5%, acquire the 50.5 percent stake of GVK Group in MIAL and buy the remaining 23.5 percent from the minority partners
Important Data •Procter & Gamble The company reports 13.8% YoY rise in profit at Rs 69.2 crore while revenue was down at Rs 634.5 crore. The company has announced dividend of Rs 105/share.
•The Reserve Bank of India (RBI) on Tuesday announced that it will conduct simultaneous purchase and sale of government securities under Open Market Operation (OMO) for an aggregate amount of Rs 20,000 crore in two tranches of Rs 10,000 crore each. The auctions will be conducted on August 27, 2020, and September 03, 2020.
•LIC Housing Finance The share price of LIC Housing Finance Ltd (LICHFL) rallied over 11 percent in the early trade on Tuesday after the company reported a 34 percent jump in its net profit to Rs 817.48 crore
•Future Retail The share price of Future Retail jumped over 9 percent in the early trade on Tuesday after the company averted a default by making an interest payment of $14 million