Live: Sensex Declines; Liquor Makers Fall As Maharashtra Raises Tax
BQ Live
Liquor Stocks Fall As Maharashtra Raises Tax On IMFL
Shares of the liquor makers fell after Maharashtra government decided to raise excise duty on Indian Made Foreign Liquor (IMFL) by 20 percent, from Jan. 1, to mobilise additional Rs 150-200 crore per month, The Times of India reported citing a senior bureaucrat.
Dredging Corp. Rallies For Fifth Day In A Row, Rises 35%
Shares of the Vishakhapatnam-based dredging services provider rose for fifth fay in a row and has risen 35 percent in last five sessions to Rs 474.
In intraday trade the stock rose as much as 8.44 percent to Rs 478 on heavy volumes. Trading volume was 15 times its 20-day average, according to data compiled by Bloomberg.
Over 6.10 lakh shares changed hands on the BSE compared with an average of 1.34 lakh shares traded daily in the past two weeks, according to information on BSE's website.
Kolte-Patil Developers Surges After CRISIL Reaffirms A+ Rating For Bank Facilities
Shares of the Pune-based real estate developer rose as much as 14 percent, the most in over three months, to Rs 272, also its highest level since Sept. 24.
CRISIL Ratings has reaffirmed A+/Positive outlook for its long-term bank facilities worth Rs 600 crore, Kolte-Patil Developers said in an exchange filing.
CMI Gains On Emerging As Lowest Bidder For Rs 106 Crore Order
Shares of the Delhi-based cable supplier rose as much as 4.65 percent to Rs 185.50.
The company emerged as the lowest bidder (L1) for supply of cadmium catenary wire to East Coast Indian Railways for Rs 106.64 crore, CMI said in an exchange filing.
F&O Check: Nifty 11,000 Call Option Contract Most Active On NSE
Nifty's 11,000 call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract fell 19 percent to Rs 114.35. Over 3.20 lakh shares were added to the open interest which stood at over 29.60 lakh shares.