On Thursday, 1420 stocks advanced, 2531 declined and 96 remained unchanged, with an advance decline ratio 0.56 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets. The trend of the major indices on Thursday’s trading is given in the table below.
On NSE, 115 securities advanced and closed at a new 52-week high whereas 22 securities sank to close at their new 52-week lows. In sectoral indices, Nifty FMCG, Nifty Energy and Nifty Auto were among the biggest gainer. Nifty Pharma, Nifty Metal and Nifty Media were among the biggest losers.
Intellect Design Arena (+1.30%) entered into global strategic partnership with Wipro, a leading technology services and consulting company. This collaboration aims to leverage its eMACH.ai platform, to simplify technology in the banking and insurance sectors. Together, they will deliver innovative and comprehensive IT solutions to clients in the banking and financial services industry.
Procter & Gamble Hygiene and Health Care (-2.68%) reported 46.40% fall in net profit at Rs81.06 crore for June quarter as compared to Rs151.24 crore for the same quarter in the previous year. However, total income of the company increased by 8.86% at Rs939.06 crore for June quarter as compared to Rs862.63 crore for the corresponding quarter previous year.
Power Grid Corporation of India (+0.24%), pursuant to its selection as the successful bidder under Tariff based competitive bidding, acquired Bhadla-III Power Transmission, the Project SPV to establish ‘Additional Transmission System for Evacuation of Power from Bhadla-III PS as Part of Rajasthan REZ Phase-III Scheme (20 GW)’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator i.e. REC Power Development and Consultancy.
NLC India (-0.47%) signed power usage agreement at Hyderabad, with Telangana State DISCOMs for 200 MW Solar Power at a competitive and affordable price under CPSU scheme for 25 years. Its solar project is set to generate around 1,300 crore units of green power and offset 90 lakh tons of Carbon emission in its lifetime. The project will be developed with the State-of-the-art equipment including single axis trackers, Domestic make high efficiency modules aimed for achieving higher generation under Atma Nirbhar Bharat (Make in India). The project is set to be commissioned by June 2025.
Genus Power Infrastructures incorporated a wholly-owned step-down subsidiary, namely ‘Genus Dhundar Smart Metering SPV’ on August 27, 2024. It is incorporated as SPV for execution of Advanced Metering Infrastructure Service Provider (AMISP) Contract. Genus Power Infrastructures (+4.99%) wholly owned subsidiary received three Letter of Awards (LOA) worth totaling to Rs4,469.04 crore (net of taxes) for appointment of Advanced Metering Infrastructure Service Providers (AMISPs) including design of Advance Metering Infrastructure (AMI) system with supply, installation and commissioning with FMS of about 5.59 million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.
JSW Energy’s (-2.16%) wholly owned subsidiary -- JSW Neo Energy has received Letter of Award (LoA) for an additional 400 MW of Wind-Solar Hybrid Power Project under greenshoe option from Maharashtra State Electricity Distribution Company (or MSEDCL) against MSEDCL -- Phase III. Subsequent to this, the cumulative capacity allotted to JSW Neo under Phase- III stands at 600 MW.
Macrotech Developers (+0.06%) executed Share Purchase Agreements (SPAs) for acquisition of 100% stake in Opexefi Services (Opexefi) and One Box Warehouse (One Box), pursuant to which Opexefi and One Box will become wholly owned subsidiaries of the company. This is in pursuance of its planned strategy for calibrated growth in Digital Infrastructure viz. Industrial and Logistics.
KEC International (+4.12%) won new orders worth Rs1,171 crore in its Transmission and Distribution business, including constructing transmission lines in the United Arab Emirates (UAE) and Saudi Arabia.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
