Benchmark indices BSE Sensex, NSE Nifty50 hit fresh lifetime highs on Wednesday. Bank Nifty also touched a new all-time high. Adani Enterprises, Adani Ports, JSW Steel, Tata Motors and SBI Life were the top Nifty50 gainers, while Hero MotoCorp, HDFC Life, Kotak Bank, Wipro and Nestle India were the losers
Shares of Adani Enterprises extended its gains by about 5% during the early trading session today amid heavy trading volumes. The stock touched an intraday high of Rs 2,343.85 on NSE. GQG Partners, IHC Group and other investors have reportedly bought stake worth over $900 million (more than Rs 7,300 crore) in Adani Enterprises Ltd. and Adani Green Energy Ltd
Adani Power shares jumped over 2% to hit an intraday high of Rs 257.95 on NSE. The share is in fact up for the third straight session as subsidiary Adani Power Jharkhand Limited (APJL) started the commercial operations of its second unit of its two 800 MW ultra-supercritical thermal power plant at Godda district in Jharkhand
The shares of State Bank of India (SBI) surged around 2% in early trade today to hit an intraday high of Rs 574 on NSE after the Executive Committee of the Central Board (ECCB) gave its nod to acquire the entire 20% stake held by SBI Capital Markets in SBI Pension Funds
Shares of Sheela Foam rallied 7% today to hit an intraday high of Rs 1,255 on NSE amid reports that the company will fully acquire rival Kurlon Enterprise Ltd, buying 100% of the company in two tranches for a cash consideration of Rs 3,250 crore
Shares of ITC rose to Rs 448 on NSE, inching closed to its all-time high after Jefferies raised its target price for the stock to Rs 530 from Rs 520 earlier, indicating a 19% upside from current levels. The upgrade comes on the back of ITC considering an alternate structure for the hotel business
Share of Kamdhenu Ventures surged over 8% to hit an intraday high of Rs 277.50 on NSE as the board of directors approved an increase in the Authorized Share Capital of the company from Rs 24,55,00,000 to Rs 36,50,00,000 The board of directors has also approved a bonus issue of 1 bonus equity share (fully paid‐up) of Rs 5 each for every 1 existing equity shares of Rs 5 each, held by the shareholders in the company, as on the record date
Shares of Titagarh Rail Systems rallied more than 4% today to hit a fresh 52-week high of Rs 512.80 on NSE. The rise comes as the company has received Letter of Acceptance (LOA) from the Gujarat Metro Rail Corporation (GMRC), for design, manufacture, supply, testing, commissioning and training of 72 numbers of standard gauge cars for Surat Metro Rail Phase-I. The order value of the project is about Rs 857 crore
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