PNC Infratech Limited, in a joint venture with SPML Infra Limited, announced on Thursday after the market hours that it has received a letter of acceptance (LOA) for an EPC project.

The market opened in green on December 11, 2020.

The market opened in green on December 11, 2020, overall volumes in futures & options currently stand at 7,00,40,385 contracts with a turnover of Rs. 58,52,495.97 crore.

The market opened in green on December 11, 2020, overall volumes in futures & options currently stand at 7,00,40,385 contracts with a turnover of Rs. 58,52,495.97 crore.

PNC Infratech: The company has been a receipt of the letter of acceptance (LOA) for an EPC project, namely 'Survey, Design, Preparation of DPR, Construction as well as the commissioning and O&M for 10 years of Rural Water Supply Project in 952 villages in Devipatan Division of Uttar Pradesh for an approximate value of Rs 952.0 crore.

Friday is a new day and the bulls are expected to start with fresh energy. SGX Nifty is indicating a positive start as it was trading up by 10 points at 13,534 levels. However, we believe that consolidation could be the theme of the day with stock-specific movement, as markets in the recent past have run up too much, too fast; so, a healthy consolidation is likely to take place and it may continue its rally post a required consolidation. 

In the coming sessions, we could see a sideways action and during this sideways action, the level of 13,370-13,400 is likely to act as immediate support. On the upside, the level of 13,550 is likely to act as a resistance level.

The promoter plans to sell 2,40,00,000 equity shares of the company with an option to additionally sell 80,00,000 shares. The company has set a floor price of Rs 1,367 per share for the sale.

L&T Technology Services Limited, a leader in global pure-play engineering services, announced on Thursday that it has been selected by a global oil & gas major to be the primary engineering partner.

Equitas Small Finance has launched a three-in-one account (savings+trading+demat), which will be a convenient option for the customers to keep their banking & financial investments under one roof.