• Coal India: Shares of the coal producer rose as much as 1.5 percent to Rs 236.50. About 17.2 lakh shares changed ands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.
• JSW Steel: Shares of the steel producer fell as much as 1.6 percent to Rs 285.65. The company steel production fell 3 percent on a yearly basis during the fourth quarter to 41.7 lakh tonnes, according to its stock exchange notification.
• Ramco Systems: Shares of the enterprise solutions provider fluctuated between gains and losses to trade a little changed at Rs 247. The company received an order for payroll modernisation from one of Australia and New Zealand’s telecom providers, it said in a statement on the exchanges.

Shares of Power Grid Corp fluctuated between gains and losses to trade little changed at Rs 198.50.

About 14.9 lakh shares changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.

The stock traded at 11 times its estimated earnings per share for the coming year.

Shares of the casino-chain operator fluctuated between gains and losses to trade little changed at Rs 262.70 after the company announced its fourth quarter results yesterday.

Key Highlights (YoY)

• Net profit up 25.2 percent to Rs 56.7 crore.
• Ebitda rose 30.6 percent to Rs 88 crore.
• Gaming operations revenues up 21 percent to Rs 198 crore.
• Licensing fees up 2.5 times to Rs 24.2 crore.
• Exceptional gain of Rs 4.3 crore.
• Margin at 43.1 percent versus 39.3 percent.
• All the six analysts tracked by Bloomberg had a ‘Buy’ recommendation on the stock.

Shares of ITI rose as much as 9.4 percent, the most since Jan. 21, 2019, to Rs 106.90.

The company reported a turnover of Rs 2,051.59 crore during 2019-20, an increase of 20 percent from the year ago period, according to its stock exchange filing.

Trading volume was almost 30 times its 20-day average, Bloomberg data showed. The stock returned 12.5 percent so far this year and fell 17.4 percent in the past 12 months.

Shares of the paintmaker fell as much as 2.9 percent to Rs 1,470.

The company said a fire broke out in its Vishakhapatnam facility in Andhra Pradesh, in an exchange filing. The company said it was in the process of assessing the extent of damage and manufacturing operations of the plant were affected.

Besides, Brokerage and research firm CLSA downgraded to the stock rating to ‘Sell’ from ‘Outperform’ and cut price target to Rs 1,400 from Rs 1,565, implying a downside of 4.3 percent from the current market price.

Here’s what CLSA had to say:

• Rising concerns on macro and weak consumer sentiments.
• Crude oil prices have risen sharply increasing concerns on margins.
• Stock trading at significant premium to its own history.