DSIJ Mindshare

Following stocks are close to their 52-week low as at 2.34 p.m. on February 8, 2019.

The markets on February 8, 2019 opened gap down. BSE Sensex is trading at 36,754.54, down by 216.55 points and the Nifty is trading at 11,007.85, down by 61.55 points. 

Jet Airways’ flight for survival seems to be stuck in cloudy skies and in a recent update the company informed the bourses that four of its aircraft have been grounded due to non-payment of amounts outstanding to lessors under lease agreements. 

Varun Beverages Limited, one of the largest franchisee of PepsiCo in the world (outside USA) has informed bourses on Thursday that it intent to enter into a binding agreement to acquire franchise rights from SMV Group in the State of Karnataka (13 districts), Maharashtra (14 districts) and Madhya Pradesh (3 districts), subject to approval.

Gravita India reported a weak set of number for the December quarter. The company's earnings per share (EPS) for the quarter stood at Rs. 0.05 as against Rs. 1.48 in the corresponding quarter a year ago.