Indian rupee was trading flat against US dollar on Monday, as crude oil prices inched higher to nearly three-month high levels, following a higher than expected crude inventory drawdown, trade optimism, and unrest in the Middle East.

As of Q2FY20, the company possesses an order book of almost Rs 3,190.9 crore, which gives the revenue visibility for the next 3 years. Further, it also has a strong orders in the pipeline of about Rs 2,000 crore.

Avantel has informed the bourses that it has received one order, amounting to Rs 5.95 crore, from Bharat Electronics Limited, Bangalore. Under this order, Avantel will supply satellite communication equipment to Bharat Electronics.

The index, if sustains above the Friday’s session high of 12,258, may attempt to retest its all-time high level of 12,294. On the flip side, the level of 12,180-12,200 is likely to act as an immediate support level. Stocks in news: JSW Steel, BEML, Skipper, Cadila Healthcare, PI Industries, NHPC, RITES, PSP Projects.

After a strong comeback by bulls on the final trading session of the last week, the start to the penultimate day of the year 2019 is likely to be a muted one, as global cues are mixed. However, the bulls have an upper hand and as of now, there is nothing incredibly bearish on the charts.

The stock of Exide Industries Limited has formed a Reversal Bearish Engulfing candlestick pattern on November 26, 2019, and thereafter entered into the downtrend.

Ratnamani Metals & Tubes Limited has given a Symmetrical Triangle pattern breakout on the weekly scale. This breakout gets confirmed by the above 50-week average volumes.

The stock of Granules India Limited has formed a Homing Pigeon candlestick pattern on the daily timeframe. On Friday, the stock opened with a minor gap above the Thursday’s close within its real body. But unlike the Bullish Harami pattern, it closed with Small Body red candle.

Cadila Healthcare has clarified and rejected the market claims of the company’s intent to sell two of its divisions.

On Friday, LT Foods announced that Kameda India Private Limited, a 51:49 joint venture between LT Foods Limited and Kameda Seika, Japan, has inaugurated a manufacturing facility in Sonipat.