On Tuesday, 2586 stocks advanced, 1352 declined and 104 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.91 indicating positive closing of stocks in broader markets. The trend of the major indices on Tuesday’s trading is given in the table below.
On NSE, securities 150 advanced and closed at a new 52-week high whereas 21 securities sank to close at their new 52-week lows. In sectoral indices, Nifty PSU Bank was the only loser. Nifty Media, Nifty IT and Nifty Pharma among the biggest gainers.
Jubilant Pharmova’s (-1.26%) step down subsidiary -- Jubilant HollisterStier LLC has received Voluntary Action Indicated (VAI) classification for its manufacturing facility located at Spokane, Washington (USA).
Unichem Laboratories (+1.10%) received Voluntary Action Indicated (VAI) classification for its Goa formulation facility situated at Pilerne, Bardez from United States Food and Drug Administration (USFDA).
Century Textiles and Industries (CTIL) (+5.52%) acquired the ownership rights of approximately 10-acre leasehold land parcel in Worli, Mumbai from Nusli Wadia. With this transaction, the existing leasehold interest of CTIL is merged with the ownership rights. The amount paid for this transaction is Rs 1100 crore.
SJVN (+5.86%), GMR Upper Karnali Hydro Power (GMR) and IREDA (+4.63%) signed a memorandum of understanding (MoU) for development of Upper Karnali Hydro Electric Project (900 MW) through JV Company in Nepal.
SEPC (+6.77%) bagged work order worth Rs182.56 crore from Irrigation Division, Government of Bihar.
ITI (+6.13%) received an order worth around Rs300 crore from Bihar Renewable Energy Development Authority (BREDA) for supply and installation of 1,00,000 numbers of Solar Street Light Systems to Bihar State Government. This is in addition to 80,000 solar street light systems the Company is currently executing in Bihar for BREDA.
Bank of Baroda (+0.06%) raised Rs5000 crore through 7.26%, Senior, Rated, Listed, Unsecured, Redeemable, Long Term, Fully Paid-Up, Non-Convertible Bonds in the nature of debentures LTB Series V.
Godrej Properties (+0.54%) raised Rs64.60 crore through allotment of 8.50% p.a., 6,460 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs1,00,000 each.
JTL Industries (-0.11%) successfully completed expansion of its Galvanized Iron (GI) plant in Mangaon, Maharashtra. This new facility will significantly enhance its production capabilities, adding 5,000 MT of capacity per quarter. This is a robust implementation of its strategy to increase Value-Added Product (VAP) share.
HG Infra Engineering (+6.68%) received the letter of award (LoA) from the Ministry of Road Transport & Highways (MoRTH) for the project of Up-gradation of existing 6 lane road including elevated corridor as per site requirements from km 0/00 to km 10/170 of NH 47 (Narol Junction to Sarkhej Junction) in the State of Gujarat on Hybrid Annuity Mode. The bid project cost is Rs781.11 crore and the construction period is 2.5 years.
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:
