Indiabulls Real Estate

• Stock rose as much as 13.2 percent to Rs 121.90.
• Trading volume was almost six times its 20-day average.

Coromandel International

• Stock fell as much as 5.3 percent to Rs 417.65.
• Trading volume was more than seven times its 20-day average.

Praj Industries

• Stock rose as much as 10.4 percent to Rs 152.80.
• Trading volume was triple its 20-day average.

Rain Industries

• Stock rose as much as 9.1 percent to Rs 110.30.
• Trading volume was more than triple its 20-day average.

Century Plyboard

• Stock fell as much as 4.7 percent to Rs 193.50.
• Trading volume was almost triple its 20-day average.

Shares of Blue Star fluctuated between gains and losses to trade 0.4 percent lower at 684.15.

Brokerage and research firm JM Financial initiated coverage on the stock with a ‘Hold’ rating and a price target of Rs 700, implying a potential upside of 1.9 percent form the current market price.

Here’s what the research firm had to say:

• Well placed to further increase its market share, but will be an uphill task.
• Domestic investments to rise amidst rising duties and depreciating rupee.
• Rising domestic investments and depreciating rupee may restrict margin expansion.

European shares edged higher following a mixed trading in Asia markets as investors await the latest European Central Bank decision later in the day.

Shares of Ratnamani Metals & Tubes fluctuated between gains and losses to trade 0.7 percent lower at 890.15.

The company received orders worth Rs 156 crore for pipes supple, according to its stock exchange filing.

The stock traded at 17 times its estimated earnings per share for the coming year, Bloomberg data showed.

Indian equity benchmarks traded at day’s low. Sensex fell over 200 points and Nifty traded near 11,600.