DSIJ Mindshare

Of the 13 IPOs that got listed on the exchanges in the calendar year 2018, only 5 are trading above their listing price.

The share price of automobile major Tata Motors declined on the bourses by over 4 per cent on Monday on the back of news reports suggesting that the company’s wholly-owned subsidiary Jaguar Land Rover would be laying-off a number of contractual employees.   

When the major indices were striving for fresh buying after the short covering at the end of last month, there were few stocks which can be called as defensives which continued upsurge even in cautious market conditions and hit their all-time high levels today.

Infosys opened with a gap-down of 6 per cent on Monday but its opening and low were the same and thereby it surged nearly 3 per cent on an intraday basis, attempting to cover the gap. Moreover, 1,098 acted as the 100-day EMA support for the stock.

BHEL will be performing the work of design, engineering, manufacture, supply, dismantling, erection, testing and commissioning of the ESPs to bring down the SPM emission within the stipulated levels.