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Indian Overseas Bank was the top loser as the stock fell 10% to Rs 27.5 per share. Among other PSU bank stocks, UCO Bank fell 9.9%, Central Bank of India 9% and Bank of Maharashtra 8%. The Bank of India, Union Bank of India, Indian Bank, PNB and Punjab & Sind Bank also plunged over 5%.

The stock traded at a P/E multiple of 63.31, while the price-to-book value ratio stood at 12.04.

A total of 1,198,163 shares changed hands on the counter till 02:01PM (IST)

Jindal Steel & Power key Products/Revenue Segments include Iron & Steel Items, Power, Other Sales, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2021.

Gold futures on MCX were trading lower by 0.14% or Rs 74 at Rs 54,447 per 10 grams. On the contrary, silver futures gained 0.37% or Rs 254 at Rs 68,774 per kg.

The stock quoted a 52-week high price of Rs 440.75 and low of Rs 206.1.

With robust disbursement growth due to a pick up in heavy and medium CV, the company’s C/I ratio to normalize at 32-33%, comfortable capital position and robust asset quality, will allow SUF to continue its growth momentum going forward.

On the technical charts, the 200-day moving average of the stock stood at Rs 271.94.

Mastek, incorporated in the year 1982, is a Small Cap company (having a market cap of Rs 4896.18 Crore) operating in IT Software sector.

The net proceeds from fresh issuance worth Rs 357 crore will be used towards financing the repayment/pre-payment of a loan facility, purchase of equipment and civil work, expansion in capacity of automotive oil, petroleum jelly, white oils by installing blending tanks, funding working capital requirements and general corporate purposes.