Stock-specific action remained in focus on Dalal Street on September 11, with investors reacting to corporate developments and brokerages view.
Neogen Chemicals share price fell 4% after company launched its qualified institutional placement (QIP) and set the floor price at Rs 2,189.73 per share. It may offer a discount of up to 5 percent on the floor price.
Shares of Shankesh Jewellers added 12% after company's Q1 standalone profit doubles to Rs 43.2 crore Vs Rs 21.6 crore and revenue jumped 55.1% to Rs 423.6 crore Vs Rs 273.2 crore, YoY.
KEI Industries shares fell 3% following research house Jefferies maintained ‘buy’ but cuts target price to ₹6,150 from ₹6,920/share, noting that the stock has corrected 21% from its peak and 16% since Q1FY27 results.
On the sectoral front, barring IT, which gained 0.4%, all other sectoral indices were trading lower. Metal, PSU banks, auto and consumer durables declined 1-3%, while infrastructure, media, oil & gas and pharma indices fell around 0.5% each.