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Dhanalakshmi Bank zoomed 17% on the back of a brand revamp plan
Gainers: Dhanalakshmi Bank (up 17%) plans a brand transformation initiative which will include changing the logo and related branding treatment. The Bank has hired London-based Fitch for the rollout of a new brand identity and retail design. Wipro (up 8%) has won a new outsourcing contract estimated to be worth around $100...
Oil & gas services soared, despite sluggishness in the price of crude oil. Education, office equipment and real estate also gained smartly. Healthcare was the worst performer, followed by oil & gas. Steel ended flat, despite signs of a revival in demand.
Insider activity was minimal last fortnight. The main promoters of Neocure Therapeutics were very active. Rajeev Reddy, chairman & MD, bought 3,25,855 shares; Siddharth Reddy, joint MD & CEO, bought 3,23,840 shares; and Varun Reddy, joint MD & COO, bought 3,57,727 shares. Each of them has a little over 2% stake in the company. Rakesh Bamzai, president (marketing) of Biocon, bought 1,81,320...