December 29, 2023 / 04:39 PM IST
The Indian equity benchmarks closed in red on December 29, Sensex became down 0.23 p.c at 72240.26, and the Nifty became down 0.22 p.c at 21731.40. About 1758 shares evolved, 1533 shares declined, and 54 shares remained unchanged.
Tata Motors Ltd. | CMP Rs. 779.95 | Shares of Tata Motors surged 3.5 p.c on December 29, making it the vital Nifty firm to stumble on its part ticket double in 2023, closing out the the leisure trading session on a excessive. The bullish momentum comes on the encourage of a sturdy JLR outlook, a slack shift to electric vehicles, and query for SUVs as disposable incomes amplify. Since the originate of the year, India's leading EV player has received 102 p.c.
Innova Captab Ltd. | CMP Rs. 541.40 | Innova Captab made a stellar debut on the bourses, ending 21 p.c better on December 29. The IPO ticket for the part became location at Rs 448. The Rs 570-crore public ache of pharmaceutical firm had got correct response from investors with a subscription of 55.26 times all the way in which through December 21-26. Qualified institutional investors (QIBs) sold 116.73 times the part location apart for them. Excessive networth folks (HNIs) and retail investors moreover showed solid ardour in the ache, subscribing 64.95 times the allotted quota and 17.15 times the reserved part, respectively.
RBL Bank Ltd. | CMP Rs. 279.30 | Shares of RBL Bank received close to 4 p.c on December 29, a day after ICICI Prudential AMC & ICICI Prudential Lifestyles glean RBI approval to assemble as a lot as assemble stake in RBL Bank. In a December 28 submitting publish market close, RBL Bank acknowledged that the Reserve Bank of India has given its approval to ICICI Prudential Asset Administration Company and ICICI Prudential Lifestyles Insurance Company, to assemble as a lot as 9.95 p.c paid-up part capital or voting rights in RBL Bank, internal a interval of 1 year. As of December 22, ICICI neighborhood (including ICICI Prudential Lifestyles Insurance and ICICI Prudential Asset Administration Company) held 2.08 p.c equity in RBL Bank.
Azad Engineering Ltd. | CMP Rs. 692.05 | Shares of Azad Engineering extended beneficial properties on the 2nd day of checklist, ending over 2 p.c better on December 29, after sovereign wealth fund Abu Dhabi Funding Authority picked up 3.98 lakh equity shares for Rs 28.65 crore at a median ticket of Rs 719.9 every. The funding authority is acquiring shares at a 37 top charge over the ache ticket of Rs 524. On its debut on December 28, the Sachin Tendulkar-backed machined parts maker became listed at a 29 p.c top charge at Rs 677.5.
Railtel Corporation of India Ltd. | CMP Rs. 338.00 | Shares of Railtel Corporation of India jumped over 15 p.c on December 29 publish securing an clarify worth Rs 120.forty five crore from South Central Railway. Railtel Corporation of India has secured a predominant work clarify worth Rs 120.forty five crore from South Central Railway. The clarify pertains to comprehensive signalling and telecommunication works for the implementation of an automatic block signalling system in the Yermaras-Nalwar part of Guntakal division in South Central Railway. With this colossal clarify, Railtel Corporation reaffirms its dedication to advancing railway expertise and security. Extra, the clarify need to be performed internal 720 days from the date of receipt of the work clarify, which is December 28, 2023, as detailed in the BSE submitting.
Shakti Pumps (India) Ltd. | CMP Rs. 1023.50 | Shares of Shakti Pumps (India) ended 2 p.c better on December 29 after the firm got a new clarify from the Haryana Renewable Energy Department (HAREDA). The total amount of the work clarify is for round Rs 258 crore (inclusive of GST). The clarify is for supply, installation and commissioning of portray voltaic water pumping programs, internal a 90-day interval from the date of ache of work clarify.
Kalpataru Tasks Global Ltd. | CMP Rs. 709.20 | Shares of Kalpataru Tasks Global received 8 p.c on December 29 after the firm, alongside with its joint ventures (JVs) and world subsidiaries, secured orders worth Rs 3,244 crore. The firm has got biggest ever assemble and manufacture contract in the constructions and factories (B&F) enterprise for construction of a huge-size residential constructions project in South India with a buildup space of roughly 13 million sq. ft from a reputed developer.
GE T&D India Ltd. | CMP Rs. 503.35 | Shares of GE T&D India surged 5 p.c on December 29, following the firm's receipt of an clarify from UK Grid Solutions Exiguous. The stock moreover hit a 52- week excessive of Rs 503.35 on the identical day. Both entities are section of GE Group and this associated party transaction has been accredited by shareholders in remaining Annual Same outdated Assembly held on 21 August, 2023. GE T&D’s part ticket has received 121 p.c over the previous six months.
Indifra Ltd. | CMP Rs. 68.40 | Shares of Indifra ended 5 p.c better on debut day on December 29 after its preliminary public provide became subscribed over 7.21 times remaining week. The SME IPO, which raised round Rs 14.04 crore, had opened for subscription on December 21 and closed on December 26. Indifra manages fuel supply pipelines for firms cherish Charotar Gas Sahakari Mandali Ltd (CGSML) and has previously worked with Adani Gas Ltd as of December 2023. The agency in FY23 reported a income of Rs 10.02 crore as in opposition to Rs 10.92 crore a year previously. Procure income became at Rs 1 crore as in opposition to Rs 40 lakh remaining year. In June quarter, it reported a income of Rs 64.28 lakh whereas get income became at Rs 3.54 lakh.
Marine Electricals India Ltd. | CMP Rs. 101.60 | Shares of Marine Electricals Indian Exiguous jumped 5 p.c on December 29, publish securing an clarify worth Rs 31.85 crore for procurement of six built-in bridge programs (IBS) from Ministry of Defence. Marine Electricals (India) unprejudiced recently landed a predominant contract valued at Rs 31.85 crore from the Ministry of Defence. The clarify entails the provision of 6 built-in bridge programs (IBS) designed for TEG and Shivalik Classes of ships. The birth of those programs is scheduled over a 36-month interval.
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