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On Monday, PNC Infratech announced that it has been declared as the L1 (lowest) bidder for a National Highways Authority of India (NHAI) Project for the 60.22 km long four-laning of Jagdishpur-Faizabad section of the NH 330-A in the state of Uttar Pradesh. The bidding for the project which was contested by three firms on February 10, 2020, with PNC's bid being the lowest of Rs 1530 crore.

The company reported that it won two orders from Jharkhand Urja Sancharan Nigam Limited (JUSNL) and Nuclear Power Corporation Limited which had combined worth of Rs. 573.32 crore.

The EBITDA for the quarter grew by 14.3 per cent YoY to Rs 79.67 crore as against Rs 69.68 crore in the corresponding quarter last year, with a corresponding margin expansion of 165 bps. EBITDA margin for the quarter stood at 14.3 per cent. This margin expansion was aided by decline in major cost i.e. freight, handling and servicing cost by around 2 per cent on YoY basis.

On Monday, L&T announced that its power, transmission and distribution business had acquired orders from prestigious clients on domestic and international fronts.

The market opened flat on February 10, 2020, overall volumes in futures & options currently stand at 1.12 crore contracts with a turnover of Rs. 8,06,709.70 crore.

The market opened flat on February 10, 2020, overall volumes in futures & options currently stand at 1.12 crore contracts with a turnover of Rs. 8,06,709.70 crore.

The market opened flat on February 10, 2020. The previous trading session witnessed the Sensex going down by 164.18 points to end at 41,141.85 and the Nifty was down by 39.60 points to close at 12,098.35. 

The market opened flat on February 10, 2020. The previous trading session witnessed the Sensex going down by 164.18 points to end at 41,141.85 and the Nifty was down by 39.60 points to close at 12,098.35.

Nifty has already shown a few signals of exhaustion at current levels. There is a high probability that the consolidation that has begun may stretch to the coming week as well and during this consolidation phase, it’s important that Nifty should hold above 12,000 mark. Stocks in news: Dr Reddy’s Laboratories, Ultratech Cement, UPL, OM Metal Infraprojects, Cipla, Maruti Suzuki India.