: Latest #StockMarketNEWS by #MunafaSutra Daily Updates Escorts hits 52-week high; rallies 16 percent

@StockMarketNEWS Fri 22 May, 2020

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Escorts hits 52-week high; rallies 16% in 6 days on good Q4 results
The stock of the commercial vehicle maker has rallied 16 per cent in the past six trading days after the company delivered strong operating performance
in the january-march quarter

Cement stocks in focus; India Cements hits 2-yr high, soars 33% in 6 days
On may 14, 2020, india cements announced that radhakishan s damani, promoter of d-mart supermarkets' chain, along with gopikishan s damani, has increased
the stake in the company to 19.89 per cent

SBI Cards and Payment Services slips 9%, hits new low since listing
The rbi commentary indicates that the stress in the economy on both demand and supply is likely to continue.

Markets were expecting a rate cut; onus now on banks to pass on the benefit
Given the severity of the situation due to the covid-19 pandemic, the timing of rate transmission holds great significance.

NIIT Tech's Rs 337-cr buyback offer to open on May 29; stock surges 9%
The stock has rallied 17 per cent in the last four days

Financials tumble as RBI extends moratorium; SBI, Bajaj Fin hit 52-wk low
The rbi has extended moratorium period by another three months till august 31, 2020.

Bandhan Bank slips 6% on business update post Cyclone Amphan
The bank said cyclone amphan is likely to impact business worth rs 260 crore.

Stocks to watch: RIL, IDFC First Bank, VST Ind, Bajaj Holdings, NIIT Tech

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