DSIJ Mindshare

Reliance Infrastructure (Relinfra) announced the payment of all outstanding electricity duty and other taxes amounting to Rs. 2,640 crore payable to the Maharashtra government. Stock retreated in the second half of Monday’s session after rallying for 5 consecutive trading days and a half-day today, breaching previous day’s high.

Piramal Enterprises dropped more than 3 per cent after Citi maintained a Neutral stance on the stock. The recent correction coupled with rising volumes and 14-period RSI negative crossover in the overbought zone could be a pullback or a profit booking at peak levels.

Following stocks are close to their 52-week low as at 12.34 p.m. on September 03, 2018.

The markets on September 03, 2018 opened gap up. BSE Sensex is trading at 38,725.52, up by 80.45 points and the Nifty is trading at 11,704.90, up by 24.40 points.

Balkrishna Industries Limited key player in the off-highway tyre segment is looking for additional capex of around Rs. 1,700 crore over a period of 30 months.