Due to the narrow range, Bollinger Bands have contracted, which indicates an early signal of a bigger move. Also, on the daily timeframe, the stock is on the verge of giving a breakout of the downward sloping trendline.

The stock of HCL Technologies has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

Ending Monday’s volatile session in the green, Sensex gained by 60.05 points or 0.16 per cent to close at 38,417.23 while Nifty inched up by 21.20 points or 0.19 per cent to settle at 11,355.05.

The agreement is to develop an integrated online marketplace platform by connecting cargo owners, shipping lines, clearing to forwarding agents, and road/rail haulers.

On Monday, PNC Infratech informed the bourses that its joint venture with SPML Infra Limited has been declared as the L1 (lowest) bidder for the construction of Haraulipur group of villages (total 125) water supply project. The total consideration for the project is estimated to be Rs 289.83 crore.

During Monday’s trading session, the domestic markets have been fluctuating between gains and losses. Even as Sensex and Nifty remained volatile, the stock of Wabco India touched its 52-week high.

Tejas Networks announced that it has received a new order worth Rs 32 crore from Sterlite Technologies (STL) and L&T Construction for its gigabit passive optical network (GPON) fibre-to-the-home (FTTH) equipment. Reacting to the news, the stock of the company locked in at its upper circuit of 5 per cent at Rs 64.80.

EPS stands for earnings per share. It reduces a company’s profits on a per share basis thereby, indicating the profitability of a company. EPS is an important parameter in determining or valuing a company’s share price. It is also used to calculate the price-to-earnings ratio.

Vodafone Idea Limited informed on Monday that after almost two years of merging as a single entity, it will now also have a single brand name. The company has announced the new brand to be called ‘Vi’ (read as ‘we’). The company believes that this integration of two brands is the largest telecom integration in the world.

VA Tech Wabag Limited has secured an order to execute 300 million litres per day (MLD) Jeddah Airport 2 independent sewage treatment plant (ISTP) project at Jeddah, Kingdom of Saudi Arabia worth USD 48 million i.e. approximately Rs 360 crore.