The same press release also had a statement, informing that the company has been appointed as a selling agent for the disposal of movable or immovable items, all surplus scrap materials and secondary arising scraps (ferrous and non-ferrous), equipment, plants, and machinery. 

The company has submitted its revised bid to acquire the bankruptcy-bound Jaypee Infratech, by offering lenders 1,426 acres of land instead of previously promised 950 acres. 

After a ferocious Friday, the markets witnessed selling pressure in the last hour of trade, resulting in the markets to close on a flat note. On Friday, FPIs pushed the sell button for the second straight day in a row for the first time this month as they were the net sellers to the tune of Rs. 1,008 crores and combined selling for the last two days stand at Rs. 1,570 crores.

The levels of 11,980 and 12,050 are expected to play out as a stiff resistance while support is expected at the 11,800 mark. As long as this support level is held, we will continue to see the markets trading in the range of 11,800-12,050. Stocks in news: HIL, HCL Infosystems, Unichem Laboratories, Asian Oilfield Services, Cadila Healthcare.

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Capacit'e Infraprojects announced its financial results for the quarter and the half-year ended September 2019. The company gained a net profit of Rs. 39.8 crores in Q2FY20, which is an increase of 72.8 per cent from the net profit of Rs. 23 crores, gained in Q2FY19.

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Some pessimism also spread among investors, with SBI research’s report showing that surplus rainfall in August and September is likely to keep food and vegetable prices elevated in the near future and the retail inflation may average at around 4 per cent in FY20.

The stock of Apollo Tyres Limited has formed a Morning Doji Star candlestick pattern on the daily timeframe. The morning Doji Star is a reversal candlestick pattern, which is bullish and appears at the end of a downtrend.

Considering the daily timeframe, the stock of Tata Motors Limited is trading in a Bullish Flag pattern since the last 12 trading sessions, with a receding volume. The flag pattern is a short-term trend continuation pattern that marks a small consolidation before the previous move resumes.