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"The index has a support around 21300-21220 zone. Coming to the OI Data, on the call side, the highest OI observed at 21500 followed by 21600 strike prices while on the put side, the highest OI is at 21300 strike price. On the other hand, Bank nifty has support at 47650-47500 while resistance is placed at 48100 and 48200 levels," said Deven Mehata, Research Analyst, Choice Broking.
On the stock-specific front, Vedanta, HCL Technologies, GMR Airports, Aurionpro Solutions, Mysore Paper Mills and some other counters will be in focus today.
Shares of GMR Airports are in focus today as November 2023 traffic jumped 15% to 98.84 lakh on a year on year basis. The firm reported a growth of 25% traffic on YTD basis to 7.85 crore against the same period last year.
A meeting of Board of Directors which was scheduled to be held on Wednesday, December 20, 2023 at 4:00 pm has been postponed.
CRISIL Ratings has revised the credit ratings of the credit facilities of Ester Industries. In case of long term fund based facility, the rating has been revised to CRISIL A-/Negative (downgraded from the earlier ‘CRISIL A/Negative’). In case of short term fund based facility, the rating has been revised to CRISIL A2 plus (downgraded from the earlier CRISIL A1).
The Board of Directors of the Company on Monday approved the Second Interim Dividend of Rs 11/- per equity share i.e. 1100% on face value of Rs 1/- per equity share for the Financial Year 2023-24 amounting to Rs 4,089 Crores. The record date for the purpose of payment of dividend shall be Wednesday, December 27, 2023 and the interim dividend shall be duly paid within the stipulated timelines as prescribed under law.
DACL Fine Chem , wholly owned subsidiary of the firm has received a consent to establish (CTE) from Gujarat Pollution Control Board (GPCB) for proposed plant of formulation chemicals and lithium based derivatives in unit of M/s. DACL Fine Chem Limited at Plot No. D-II-E-16, Dahej –II Industrial Estate.
Tata Elxsi and Tata Motors have jointly won the esteemed German Design Award 2024. Both global leaders were acclaimed with the coveted Excellent Product Design award for their outstanding contribution to the Tata Motors Gen 3 HMI design. The German Design Awards set international standards for innovative design developments and competitiveness in the global market.
Citi has assigned a Neutral call to HCL Tech with a target of Rs 1,295 per share. Discretionary spends saw pressure at start of the year. ER&D business saw 2 quarters of revenue decline. There is hardly any budget flush; furloughs are higher than any of the previous 2 years. It is difficult to call out when demand situation will improve, the brokerage said adding m edium term growth outlook remains low.
Aurionpro has joined hands with Vix Technology to unveil Next-gen Mobility Solutions Aurionpro Transit, an Aurionpro company and a leading global provider of smart ticketing and payment solutions for transit, announces its partnership with Vix Technology. As part of this collaboration, Aurionpro Transit will design and develop state-of-the-art All-in-One Driver Console (DC120) and Mobile Data Terminal (MDT10), innovative in-bus solutions which will streamline transit operations by providing a central on-vehicle hub for various functions from ticketing to communications.
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