Share Market Live: Sensex, Nifty Off Day's Low; Mahindra & Mahindra Advances

Shares of NBCC India Ltd. rose nearly 4%, the biggest intraday gain in two weeks, to Rs 49.3 apiece after the company secured total business of Rs 467.44 crore in October, according to an exchange filing.

Of the four analysts tracking the company, two maintained 'hold' and two maintained 'sell' recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 12.4%.

Trading volume on the stock was 1.9 times the 30-day average volume, for this time of the day.

The company is scheduled to report its earnings for the September quarter on Friday.

Vodafone Idea Ltd. announced it has successfully conducted a 5G trial, along with its technology partner Nokia.

In a press release, Vodafone Idea said that the trial utilised 5G in the 3.5 Giga Hertz spectrum band allocated by the government for the trials, to provide rural broadband connectivity in Gandhinagar in Gujarat.

Source: Press Release

• Paytm IPO was subscribed 1.05 times as of 1:15 p.m.

• Portions reserved for retail and institutional investors were fully booked.

Source: BSE

Shares of Firstsource Solutions Ltd. shed nearly 5% in intraday trade, to Rs 189.13 apiece after the company reported net income for the second quarter that matched the average analyst estimate.

September Quarter Results (Consolidated, QoQ)

• Net profit up 1.07% at Rs 135.01 crore vs Rs 133.58 crore (Bloomberg Consensus Estimate: Rs 135 crore)

• Revenue down 4.05% at Rs 1,418.21 crore vs Rs 1,478.01 crore (Estimate: Rs 1,489 crore)

• Total costs at Rs 1,264.99 crore vs Rs 1,319.40 crore

The company's step down subsidiary Sourcepoint Inc. has executed stock purchase agreement on Tuesday to acquire 100% stake in The StoneHill Group, Inc.

• The StoneHill Group is a leading U.S. mortgage services provider with focus on quality control and due diligence.

• The cost of the acquistion is $27 million, including earnouts payable on first anniversary from closing.

Of the eight analysts tracking Firstsource Solutions, six maintained 'buy' and two maintained 'hold' recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 27.4%.

Trading volume was 3.5 times the 30-day average volume, for this time of the day.

Shares of Firstsource Solutions crossed below 100-day moving average on high trading volume.

• Expanded Oracle Cloud Mumbai region will be available in 2022

• Airtel and Oracle will set up a cloud centre of excellence in Gurgaon

• Airtel Business and Oracle will jointly market Oracle Cloud solutions to customers in private and public sectors.

Source: Exchange Filing