Stock Markets Live: Sensex, Nifty Hold Record High; Ashoka Buildcon Jumps On NHAI Win

Shares of the road builder jumped as much as 4.4% after it announced it has emerged as the lowest bidder for the National Highways Authority of India Project.

The project is for the development of Memmadpur (Ambala) - Banur (IT City Chowk) — Kharar (Chandigarh) Corridor under Bharatmala Pariyojana - Package-II - 6 laning of IT City Chowk to Kurali Chandigarh Road (Design length: 31.23 Km) in the state of Punjab on EPC mode.

The company said it has emerged as the Lowest Bidder (L-1) after it quoted a bid price of Rs 726 crore.

• Coal India options volume 3.7x the 20-day average, with 52,056 calls changing hands vs 11,104 puts
  • Stock up 2.9%, volume 2.8x the 20-day average for this time of day
• Tata Consultancy options volume 3x the average, with 77,628 calls vs 21,073 puts
  • Stock up 2.3%, volume 1.1x the average
• Bajaj Finance options volume 2.4x the average, with 151,030 calls vs 56,985 puts
  • Stock up 1.4%, volume 1.3x the average
• Tech Mahindra options volume 1.8x the average, with 19,395 calls vs 4,587 puts
  • Stock up 1.2%, volume 1.2x the average
• Dr Reddy's options volume 1.7x the average, with 41,547 calls vs 8,731 puts
  • Stock up 1.3%, volume 0.6x the average
• Bajaj Finserv options volume 1.7x the average, with 11,152 calls vs 3,606 puts
  • Stock down 0.4%, volume 0.7x the average
• Infosys options volume 1.6x the average, with 48,597 calls vs 18,508 puts
  • Stock up 1.6%, volume 0.8x the average

Sales of passenger vehicles, which include cars and utility vehicles, were 88,045 units in May, compared with 33,546 units a year ago, according to data released by the Society of Indian Automobile Manufacturers.

• May passenger car sales at 41,536 units vs 14,460 units YoY
• Two-wheeler sales at 352,717 units vs 279,682 units YoY
• Three-wheeler sales at 1,251 units vs 2,437 units YoY
• Most part of May was under lockdown in many states, impacting overall sales and production, SIAM says

Shares of eClerx Services Ltd. hit an upper circuit as analysts remained bullish on the IT consulting and outsourcing company after its fourth-quarter results, citing improving demand and healthy deal pipeline, among others.

The company saw its revenue rise 19.3% sequentially to Rs 4,728.1 crore in the three months ended March. Its profit increased to Rs 98.83 crore, up nearly 40% over the preceding quarter.

Shares of eClerx rallied 20%, the most in nearly 14 years, to Rs 1613.20 apiece in early trade on Friday. Of the seven analysts tracking the stock, six have a ‘buy’ rating and one recommends a ‘sell’, according to Bloomberg data. The average of 12-month consensus price targets implies a downside of 6.9%.

To read what analysts made of eClerx’s Q4 performance, click here