News for Heranba Industries Limited (HERANBA.BO)

Reliance Industries, Suzlon, Vedanta, PNB Housing, Sona BLW, GIC of India, Raymond Lifestyles and more may remain under the spotlight on Wednesday, September 04.

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SBI raises Rs 10,000 cr at 7.81% coupon rate; GAIL India signs 15-yr supply contract with BPCL worth ₹63,000 cr; Bajaj Finance to issue 15.5 lakh warrants worth Rs 1,188.85 cr; Bondada Engineering gets Rs 381 cr work order from BSNL; Adani, Berger Paints, Bombay Dyeing, Cholamandalam, Container Corp, Dr Lal Path Labs, Godrej Properties, Gujarat Gas, Indian Railway Finance, JK Lakshmi Cement, Minda Corp, Nocil, Tata Motors, Tilaknagar Industries among others to announce results.

BSE Sensex added 137.50 points, or 0.21 per cent, to end the session at 65,539.42, while NSE's Nifty50 gained 30.45 points, or 0.16 per cent, to settle at 19,465 for the day.

A short build-up was seen in 66 stocks, including Apollo Tyres, Max Financial Services, Britannia Industries, Info Edge India, and Laurus Labs. An increase in OI along with a fall in price points to a build-up of short positions.

“These registrations are part of our strategy to launch seven new products out of Sarigam technical and formulation plant,” said Heranba Industries.

As many as 1,866 shares advanced, 1,620 declined, and 116 shares remained unchanged on June 14

Gujarat Pollution Control Board (GPCB) had ordered closure of Vapi plant in May 2023

Heranba Industries was told by the Gujarat Pollution Control Board to shut down close operations at its Vapi’s Unit-I and II

Based on the OI percentage, 87 stocks, including Astral, Lupin, Indiabulls Housing Finance, Titan Company and National Aluminimum Company, saw long build-ups.

BSE Sesnex added merely 22.71 points, 0.04 per cent, to end the week at 59,655.06, while NSE's Nifty50 settled flat, just 0.40 points up to 17,624.05 for the day.

Based on the open interest percentage, 58 stocks including Bajaj Auto, BPCL, ICICI Prudential Life Insurance, Piramal Enterprises, and Zydus Life Sciences, witnessed a long build-up.

When a stock is included in the ASM list, it serves as a warning to the investors about unusual activity in the stock

YES Securities is bullish on Heranba Industries has recommended buy rating on the stock with a target price of Rs 447 in its research report dated January 30, 2023.

BSE Sensex added 49.49 points or 0.08 per cent to 59,549.90, while NSE's Nifty50 Index settled at 17,662.15, gaining 13.20 points or 0.07 per cent for the day.

In the Nifty pack, 27 stocks closed in the green, while 23 stocks ended in the red.

Stock Market News: In the previous session on Wednesday, the BSE Sensex tanked 774 points to 60,205, while the Nifty50 plunged 226 points to 17,892. The market was closed on January 26 on account of Republic Day.

Based on the OI percentage, 172 stocks saw long unwinding on Wednesday due to sharp selling pressure in the market, including Marico, Power Grid Corporation of India, HCL Technologies, ITC and Gujarat Gas.

The number of scrips at lower circuit clearly outnumbered number of stocks at upper circuit. And the similar kind of situation was seen in 52-week high and low segments.