Nifty EOD
COUNTER |
Open |
High |
Low |
Close |
Nifty |
21033 |
21288 |
20976 |
21255(+105.90) |
Bank-nifty |
47172 |
47932 |
46919 |
47840 (+394.8
) |
FinNifty |
21087 |
21359.25 |
20996.45 |
21326 (+124.70) |
Indian stock
market Key News
Natco Pharma rises as it is dismissed from an anti-trust lawsuit in the USA regarding
its Pomalidomide drug.
Zee
Entertainment Enterprises surges more than 4% as Culver Max
Entertainment (formerly Sony India) and Bangla Entertainment agree to enter
negotiations to discuss the extension of the date required to make the merger
effective.
Suzlon Energy surges more than 4% as it secures a repeat order to supply and commission
92 wind turbines with a total capacity of 193.2 MW from the KP Group. The order
is part of a wind-solar hybrid and State Transmission Utility (STU)
tariff-based project aimed at increasing renewable energy capacity in Gujarat.
Tarsons Products rises as it will be acquiring Germany's medical distributor Nerbe for €10
to 15 million (approx Rs 91.1 to 136.7 crore).
Cochin Shipyard rises as it receives an order worth Rs 488.2 crore from the Defence
Ministry. The order involves the repair and maintenance of equipment and systems
onboard the naval vessel.
IRCTC gained 6.61
percent with strong trade volumes on December 21. 3 crore shares exchanged
hands compared to a monthly average of 80 lakh. The stock has been gaining
after the company announced plans to expand in non-railway catering in India.
Allcargo
Logistics went up 4.94 percent after the company
announced January 2 as the record date for a 3:1 bonus share. Additionally the
anticipation of rising freight charges due to the Suez Canal crisis.
Astrazeneca
Pharma stock surged 2.9 percent after the company
said it is launching Enhertu, a breast cancer drug, in January 2024 in India.
Flare Writing
Industries went down 2.8 percent after the company’s
revenue rose 4.2 percent on-quarter to Rs 257 crore in Q2 FY 24, while its
profit increased 3 percent sequentially to Rs 33 crore.
Shriram Pistons
and Rings went up 5 percent and hit the upper
circuit after Ace investor Sunil Singhania-backed Abakkus picked up a stake of
Rs 326.01 crore in the company.
IPO Arena
Inox India’s shares debut on the bourses at a 43.9% premium to the issue price of Rs
660. The Rs 1,459.3 crore IPO has received bids for 61.3 times the total shares
on offer.
Credo Brands
Marketing's Rs 549.8 crore IPO gets bids for 20.8X the
available 1.4 crore shares on offer on the third day of bidding. The retail
investor quota gets bids for 15.8X the available 68.7 lakh shares on offer.
RBZ Jewellers Rs 100 crore IPO gets bids for 11.1X the available 79 lakh shares on offer
on the third day of bidding. The retail investor quota gets bids for 20X the
available 35 lakh shares on offer.
Siyaram
Recycling debuted 25.54 percent higher after its
initial public offering was subscribed over 385 times last week. Offering
around Rs 23 crore through 4.99 crore shares, it was a pure fresh issue. The
company plans to use the net proceeds to repay Rs 18 crore debt.
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